North East Medical Services
- Assets
- $445.5m
- Revenue
- $327.0m
- Investments
- $7.7m
- Employees
- 1,044
- Location
- Daly City, CA
- Founding
- 01/1971
- Data as of
- 12/2023
- EIN
- 94-1722562
Organization Overview
North East Medical Services is located in Daly City, CA. The organization was established in 1971. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2023, North East Medical Services employed 1,044 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North East Medical Services 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 12/2023, North East Medical Services generated $327.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $305.5m during the year ending 12/2023. While expenses have increased by 15.3% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NORTH EAST MEDICAL SERVICES (NEMS) IS A FAMILY-ORIENTED, COMPREHENSIVE HEALTH CENTER WHICH OFFERS A WIDE RANGE OF HEALTH SERVICES TO A PREDOMINANTLY ASIAN AMERICAN POPULATION.
Describe the Organization's Program Activity:
MANAGED CARE SERVICES: NEMS MANAGEMENT SERVICES ORGANIZATION PROVIDES SKILL, SUPERVISION AND PERSONNEL IN THE OPERATION AND ADMINISTRATION OF CALIFORNIA PACIFIC MEDICAL CENTER'S AND NEMS MEDI-CAL MANAGED CARE BUSINESS. TOTAL MEMBER MONTHS WERE 840,718.
PRIMARY AND SPECIALTY MEDICAL SERVICES PROVIDED FOR 326,951 ENCOUNTERS.
PHARMACY SERVED/FILLED 576,103 PRESCRIPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne D Brandon JD Chair | OfficerTrustee | 1 | $0 |
Nancy Huang Pharm D Vice-Chair | OfficerTrustee | 1 | $0 |
Mike Chi Secretary/treasurer | OfficerTrustee | 1 | $0 |
Suzanne S Cheung Board Member | Trustee | 1 | $0 |
Eunice Hendary Board Member | Trustee | 1 | $0 |
John Jin Lee JD Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Am One Corporation Construction | 12/30/23 | $7,214,114 |
Epic Systems Corporation Healthcare System | 12/30/23 | $6,761,903 |
Hillhouse Construction Company Inc Construction | 12/30/23 | $4,650,152 |
Sutter Bay Medical Foundation Medical And Health Care | 12/30/23 | $3,872,093 |
Transworld Construction Construction | 12/30/23 | $2,666,279 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,942,109 |
| All other contributions, gifts, grants, and similar amounts not included above | $859,496 |
| Noncash contributions included in lines 1a–1f | $198,226 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,801,605 |
| Total Program Service Revenue | $301,832,191 |
| Investment income | $767,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,490,064 |
| Net Gain/Loss on Asset Sales | -$147,901 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$711 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $327,019,875 |
| 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. | $5,449,522 |
| Compensation of current officers, directors, key employees. | $3,570,064 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,443,936 |
| Pension plan accruals and contributions | $7,022,962 |
| Other employee benefits | $10,904,542 |
| Payroll taxes | $7,110,514 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $210,334 |
| Fees for services: Accounting | $145,014 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,511,567 |
| Advertising and promotion | $221,695 |
| Office expenses | $1,346,762 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,032,961 |
| Travel | $1,788,031 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $742,851 |
| Interest | $80,700 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,505,650 |
| Insurance | $3,966,008 |
| All other expenses | $807,718 |
| Total functional expenses | $305,540,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,714,560 |
| Savings and temporary cash investments | $15,552,032 |
| Pledges and grants receivable | $2,079,520 |
| Accounts receivable, net | $21,534,204 |
| Loans from Officers, Directors, or Controlling Persons | $6,441,651 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,328,293 |
| Inventories for sale or use | $688,169 |
| Prepaid expenses and deferred charges | $3,756,556 |
| Net Land, buildings, and equipment | $274,842,387 |
| Investments—publicly traded securities | $6,805,081 |
| Investments—other securities | $7,744,577 |
| Investments—program-related | $100,000 |
| Intangible assets | $400,000 |
| Other assets | $16,559,657 |
| Total assets | $445,546,687 |
| Accounts payable and accrued expenses | $21,839,496 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,504,749 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,477,676 |
| Total liabilities | $61,821,921 |
| Net assets without donor restrictions | $383,232,599 |
| Net assets with donor restrictions | $492,167 |
| 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 | $445,546,687 |