Maricopa County Foundation For Medical Care Inc
- Assets
- $1.3m
- Revenue
- $1.3m
- Investments
- $1.0k
- Employees
- 13
- Location
- Glendale, AZ
- Founding
- 09/1976
- Data as of
- 12/2021
- EIN
- 86-0223970
Organization Overview
Maricopa County Foundation For Medical Care Inc, operating under the name Arizona Foundation For Medical Care, is located in Glendale, AZ. The organization was established in 1976. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Arizona Foundation For Medical Care employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona Foundation For Medical Care is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Arizona Foundation For Medical Care generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES HEALTHCARE COST CONTAINMENT SERVICES FOR EMPLOYER GROUPS BY NEGOTIATING AND CONTRACTING DIRECTLY WITH PROVIDERS TO CAPTURE SAVINGS, MEDICAL MANAGEMENT, AND UTILIZATION REVIEW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARICOPA FOUNDATION FOR MEDICAL CARE HAS GROWN INTO ARIZONAS LARGEST STATEWIDE, INDEPENDENT NETWORK BY PROVIDING HIGHLY-ACCESSIBLE, QUALITY CARE. WE FOCUS ON CONTAINING HEALTHCARE COSTS FOR EMPLOYER GROUPS BY NEGOTIATING AND CONTRACTING DIRECTLY WITH PROVIDERS TO CAPTURE SAVINGS, IN ADDITION TO OUR COMPREHENSIVE MEDICAL MANAGEMENT AND UTILIZATION REVIEW. WE WORK DIRECTLY WITH BROKERS, CONSULTANTS, GENERAL AGENTS, THIRD PARTY ADMINISTRATORS, AND INSURANCE COMPANIES TO PROVIDE ARIZONANS THE FREEDOM OF CHOICE BY OFFERING AND/OR ENDORSING A VARIETY OF HEALTHCARE SOLUTIONS. OUR NETWORK CURRENTLY INCLUDES MORE THAN 15,800 PROFESSIONAL PROVIDERS IN OVER 70,700 LOCATIONS AND IS CONTRACTED WITH 77 HOSPITALS THROUGHOUT ARIZONA INCLUDING OUTPATIENT SURGERY CENTERS, DIALYSIS CLINICS/CENTERS, CONVENIENCE CLINICS, URGENT CARE CENTERS AND NUMEROUS OTHER SPECIALTY FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Mitchell Executive Vice President | OfficerTrustee | 40 | $147,091 |
Kerry Kovaleski Director Of Operations | 40 | $95,555 | |
William Hartung It Manager | 40 | $92,927 | |
Sebastian Ruggeri MD President | OfficerTrustee | 2 | $6,800 |
Satish Namjoshi MD Trustee | Trustee | 1 | $3,450 |
Joseph Chatham MD Treasurer | OfficerTrustee | 2 | $3,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greater Arizona Central Credentiali Credential Medical Members | 12/30/18 | $208,613 |
Healthex Inc Process Claims | 12/30/18 | $154,172 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,265,477 |
| Investment income | $161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,265,638 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $184,575 |
| Compensation of current officers, directors, key employees. | $25,032 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $662,802 |
| Pension plan accruals and contributions | $2,579 |
| Other employee benefits | $125,983 |
| Payroll taxes | $61,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $245 |
| Fees for services: Accounting | $75,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,131 |
| Advertising and promotion | $0 |
| Office expenses | $58,502 |
| Information technology | $61,518 |
| Royalties | $0 |
| Occupancy | $57,858 |
| Travel | $728 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $179 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,549 |
| Insurance | $37,548 |
| All other expenses | $0 |
| Total functional expenses | $1,604,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $651,994 |
| Savings and temporary cash investments | $115,726 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $478,374 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,812 |
| Net Land, buildings, and equipment | $3,216 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,798 |
| Total assets | $1,269,920 |
| Accounts payable and accrued expenses | $140,661 |
| Grants payable | $0 |
| Deferred revenue | $145,605 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $286,266 |
| Net assets without donor restrictions | $983,654 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,269,920 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coalition Of Homeless Services Providers Seaside, CA | $4,824,470 | $13,798,349 |
Applied Materials Foundation Santa Clara, CA | $3,893,946 | $2,033,120 |
Cal Poly Pomona Philanthropic Foundation Pomona, CA | $212,751,456 | $20,250,176 |
Intuitive Foundation Sunnyvale, CA | $66,087,520 | $30,041,225 |
Cal State Fullerton Philanthropic Foundation Fullerton, CA | $185,411,080 | $61,222,330 |
The Center For Common Concerns Inc San Francisco, CA | $4,578,561 | $9,221,724 |
Lacentra-Sumerlin Foundation Santa Barbara, CA | $23,655,418 | $9,034,857 |
Nevada H A N D Inc Las Vegas, NV | $77,122,058 | $13,558,861 |
Los Angeles Brotherhood Crusade - Black United Fund Inc Los Angeles, CA | $11,518,152 | $7,122,704 |
Ninos Latinos Unidos Foster Family Agency Bellflower, CA | $3,255,645 | $6,207,449 |
Earn Inc San Francisco, CA | $4,666,013 | $6,096,745 |
Inland Empire United Way Rancho Cucamonga, CA | $4,505,450 | $6,854,320 |