Tufts Medical Center Physicians Organization Inc
- Assets
- $63.6m
- Revenue
- $314.0m
- Investments
- $4.1m
- Employees
- 963
- Location
- Boston, MA
- Founding
- 05/1993
- Data as of
- 09/2021
- EIN
- 90-0113440
Organization Overview
Tufts Medical Center Physicians Organization Inc, operating under the name Pratt Associates, is located in Boston, MA. The organization was established in 1993. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 09/2021, Pratt Associates employed 963 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Pratt Associates is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Pratt Associates generated $314.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $320.7m during the year ending 09/2021. While expenses have increased by 4.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
SEE SCHEDULE O.TUFTS MEDICAL CENTER PHYSICIANS ORGANIZATION, INC. D/B/A PRATT ASSOCIATES, INC. PROVIDES MEDICAL AND OTHER HEALTH CARE SERVICES PRIMARILY TO PATIENTS OF TUFTS MEDICAL CENTER, INC., AN EXEMPT NON-PRIVATE ORGANIZATION UNDER SECTION 501(C)(3), 509(A)(1) AND 170(B)(1)(A)(III) OF THE INTERNAL REVENUE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUFTS MEDICAL CENTER PHYSICIANS ORGANIZATION, INC. D/B/A/ PRATT ASSOCIATES, INC. ("ASSOCIATES"), PROVIDES MEDICAL AND OTHER HEALTH CARE SERVICES PRIMARILY TO PATIENTS OF TUFTS MEDICAL CENTER, INC. ("THE MEDICAL CENTER"), AN EXEMPT NON-PRIVATE ORGANIZATION UNDER SECTIONS 501(C)(3), 509(A)(1) AND 170(B)(1)(A)(III) OF THE INTERNAL REVENUE CODE. THE ASSOCIATES' PHYSICIANS PROVIDED OVER 107,092 DAYS OF CARE FOR OVER 22,806 PATIENTS ADMITTED AND ALSO FOR MORE THAN 323,810 OUTPATIENT CLINIC VISITS. IN CONNECTION WITH THE MEDICAL CENTER AND TUFTS UNIVERSITY SCHOOL OF MEDICINE ("THE MEDICAL SCHOOL"), THE ASSOCIATES' PHYSICIANS SERVE AS INSTRUCTORS OF THE MEDICAL SCHOOL'S STUDENTS AND THE INTERNS, RESIDENTS AND FELLOWS OF THE MEDICAL CENTER. AS AN INTEGRAL PART OF PATIENT CARE AND MEDICAL EDUCATION SERVICES, THE ASSOCIATES' PHYSICIANS ALSO PROVIDE RESEARCH SERVICES TO THE MEDICAL CENTER AND THE MEDICAL SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick Chen MD Physician | 40 | $1,047,817 | |
Charles Cassidy MD Director | OfficerTrustee | 38 | $1,001,571 |
Michael Tarnoff MD Director | OfficerTrustee | 38 | $936,578 |
Adel Malek MD Physician | 40 | $914,671 | |
Carl Heilman MD Director | OfficerTrustee | 40 | $836,712 |
James Kryzanski MD Physician | 40 | $810,273 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
On Site Psychiatric Services Inc Physician Consulting | 9/29/21 | $1,975,235 |
Nationwide Anesthesia Services Inc Physician Consulting | 9/29/21 | $608,007 |
Mgh Physicians Organization Healthcare Services | 9/29/21 | $426,780 |
Weatherby Locums Inc Healthcare Services | 9/29/21 | $391,714 |
Ophthalmic Consultants Of Boston Healthcare Services | 9/29/21 | $359,596 |
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 | $312,857,223 |
| Investment income | $0 |
| 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 | $314,022,993 |
| 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. | $12,751,848 |
| Compensation of current officers, directors, key employees. | $2,550,370 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,348,243 |
| Pension plan accruals and contributions | $11,019,317 |
| Other employee benefits | $17,376,484 |
| Payroll taxes | $9,271,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,002 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,370 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,398,075 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,652,108 |
| Travel | $279,229 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $638,266 |
| Insurance | $7,302,980 |
| All other expenses | $4,218,614 |
| Total functional expenses | $320,727,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $531,224 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,709,973 |
| 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 | $643,189 |
| Net Land, buildings, and equipment | $3,439,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,126,681 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,149,074 |
| Total assets | $63,599,965 |
| Accounts payable and accrued expenses | $21,359,686 |
| Grants payable | $0 |
| Deferred revenue | $90,783 |
| 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 | $75,725,112 |
| Total liabilities | $97,175,581 |
| Net assets without donor restrictions | -$33,581,315 |
| Net assets with donor restrictions | $5,699 |
| 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 | $63,599,965 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health New England & Subsidiaries Springfield, MA | $263,944,212 | $871,340,973 |
Northeast Medical Group Inc Stratford, CT | $99,889,150 | $520,118,804 |
Amida Care Inc New York, NY | $166,110,282 | $443,931,771 |
Childrens Hospital Pediatric Associates Inc Boston, MA | $604,665,745 | $336,951,533 |
Chs Physician Partners Pc Roslyn, NY | $61,423,993 | $204,939,316 |
Tufts Medical Center Physicians Organization Inc Boston, MA | $63,599,965 | $314,022,993 |
Nuvance Health Medical Practice Ct Inc Bethel, CT | $51,472,052 | $295,023,966 |
New York Queens Medicine And Surgery Pc Flushing, NY | $27,206,982 | $238,033,722 |
St Peters Health Partners Medical Associates Pc Albany, NY | $63,947,656 | $143,209,123 |
Cambridge Health Alliance Physicians Organization Inc Malden, MA | $19,080,295 | $139,182,759 |
Department Of Medicine Medical Serv Grp At Suny Hlth Sci Ctr At Syr In Syracuse, NY | $34,959,788 | $114,730,981 |
Common Wealth Clinical Alliance Inc Boston, MA | $145,104,803 | $101,479,734 |