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Nonprofiteer
← CIRCLE HEALTH PHYSICIANS INC

Form 990 for tax year 2023

Filed by CIRCLE HEALTH PHYSICIANS INC.

Totals

Total revenue
$75,053,901
Total expenses
$96,157,334
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$75,053,901
Investment income
$0
Other revenue
$0
Total assets, end of year
$31,343,553
Total liabilities, end of year
$9,070,398
Net assets or fund balances, end of year
$22,273,155
Program services expenses (Part IX)
$88,450,019
Management and general expenses
$7,707,315
Fundraising expenses
$0
Program service expenses (Part III)
$88,450,019

Program services were 92.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: LGH MEDICAL GROUP

    total $30,837,065 · related or exempt $30,837,065

  • 2b · Program service revenue: LGH MVC ASSOCIATES

    total $13,167,186 · related or exempt $13,167,186

  • 2c · Program service revenue: CIRCLE HEALTH URGENT CARE

    total $13,097,742 · related or exempt $13,097,742

  • 2d · Program service revenue: LGH WOMANHEALTH

    total $8,515,356 · related or exempt $8,515,356

  • 2e · Program service revenue: LGH PROFESSIONAL SERVICES

    total $4,773,137 · related or exempt $4,773,137

  • 2f · All other program service revenue

    total $4,663,415 · related or exempt $5,202,653 · unrelated business -$539,238

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $57,566,115 · program services $54,687,809 · management and general $2,878,306

  • 9 · Other employee benefits

    total $6,317,197 · program services $6,001,337 · management and general $315,860

  • 10 · Payroll taxes

    total $2,919,893 · program services $2,773,898 · management and general $145,995

  • 11g · Fees: other

    total $5,196,211 · program services $5,193,589 · management and general $2,622

  • 13 · Office expenses

    total $9,806,627 · program services $6,864,639 · management and general $2,941,988

  • 16 · Occupancy

    total $4,033,817 · program services $2,823,671 · management and general $1,210,146

  • 17 · Travel

    total $2,803 · program services $1,962 · management and general $841

  • 19 · Conferences, conventions and meetings

    total $155,934 · program services $109,154 · management and general $46,780

  • 22 · Depreciation, depletion and amortization

    total $390,519 · program services $273,363 · management and general $117,156

  • 23 · Insurance

    total $978,323 · program services $930,702 · management and general $47,621

  • 24a · Other expenses: PHYSICIAN FEES

    total $6,208,605 · program services $6,208,605

  • 24b · Other expenses: PROVISION FOR BAD DEBT

    total $2,581,290 · program services $2,581,290

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,909,882 · end of year $2,386,877

  • 4 · Accounts receivable

    beginning of year $8,058,557 · end of year $8,079,190

  • 8 · Inventories for sale or use

    beginning of year $584,442 · end of year $408,100

  • 9 · Prepaid expenses and deferred charges

    beginning of year $426,034 · end of year $1,725,879

  • 10a · Land, buildings and equipment: cost or other basis

    $6,352,409

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,719,298

  • 10c · Land, buildings and equipment, net

    beginning of year $1,718,987 · end of year $1,633,111

  • 15 · Other assets

    beginning of year $8,277,849 · end of year $17,110,396

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,081,912 · end of year $4,631,818

  • 23 · Secured mortgages and notes payable

    beginning of year $1,768,479 · end of year $1,375,537

  • 25 · Other liabilities

    beginning of year $44,413,172 · end of year $3,063,043

  • 27 · Net assets without donor restrictions

    beginning of year -$27,287,812 · end of year $22,273,155

Mission and programs · 2023

Mission

IT SHALL BE THE PURPOSE OF THE CORPORATION TO UNDERTAKE TO MONITOR AND COORDINATE THE ACTIVITIES OF THE HOSPITAL AND SUPPORTED ORGANIZATIONS; TO PROVIDE SUPPORT SERVICES AND INDIVIDUALS TO PROVIDE SUPPORT SERVICES TO THE HOSPITAL AND SUPPORTED ORGANIZATIONS; TO COORDINATE PHYSICIAN SERVICES TO THE HOSPITAL AND SUPPORTED ORGANIZATIONS; AND GENERALLY TO IMPROVE THE EFFICIENCY AND EFFECTIVENESS OF THE HOSPITAL AND SUPPORTED ORGANIZATIONS THROUGH COORDINATED EFFORTS, IN ACHIEVING THEIR DIFFERENT INDIVIDUAL EXEMPT PURPOSES.

Activities or mission (Part I)

THE CORPORATION SHALL BE OPERATED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF BENEFITING, SUPPORTING AND FURTHERING THE CHARITABLE ACTIVITIES OF LOWELL GENERAL HOSPITAL AND ORGANIZATIONS AFFILIATED WITH THE HOSPITAL.

  • LGH MVC ASSOCIATES IS COMPRISED OF ELEVEN PHYSICIANS THAT PRACTICE CLINICAL CARDIOLOGY. MOST PHYSICIANS SPECIALIZE IN AREAS SUCH AS INTERVENTIONAL CARDIOLOGY, ELECTROPHYSIOLOGY, IMAGING TECHNIQUES SUCH AS NUCLEAR CARDIOLOGY, ECHO OR CT ANGIOGRAPHY IN ADDITION TO SPECIFIC ISSUES SUCH AS CORONARY DISEASE, CHOLESTEROL DISORDERS AND HEART FAILURE.

    Expenses $16,145,254 · Revenue $13,167,186

  • LGH MEDICAL GROUP IS A GROUP OF PHYSICIAN PRACTICES WITH MERRIMACK FAMILY MEDICINE BEING THE LARGEST WITHIN THIS GROUP. MERRIMACK FAMILY MEDICINE IS AN INTEGRATED FAMILY PRACTICE WITH FIVE PHYSICIANS, THREE NURSE PRACTITIONERS, AND TWO PHYSICIAN ASSISTANTS OFFERING COMPREHENSIVE PRIMARY MEDICAL CARE, HEALTH SERVICES, AND INFORMATION TO ALL PATIENTS. OUR SERVICES INCLUDE GYNECOLOGY, OBSTETRICS, PEDIATRICS, AND ADULT MEDICINE.

    Expenses $38,277,969 · Revenue $30,837,065

  • CIRCLE HEALTH URGENT CARE FACILITIES ARE LOCATED IN BILLERICA, DRACUT, TEWKSBURY AND WESTFORD MASSACHUSETTS. CIRCLE HEALTH'S URGENT CARE CENTERS PROVIDE WALK-IN, URGENT CARE FOR NON-LIFE THREATENING CONDITIONS AND OTHER AILMENTS THAT REQUIRE PROMPT MEDICAL ATTENTION. THEY OFFER OCCUPATIONAL MEDICINE SERVICES AND TRAVEL MEDICINE FOR THOSE TRAVELING ABROAD. UNLIKE MANY OTHER URGENT CARE CLINICS, OUR URGENT CARE CENTERS ARE STAFFED WITH EXPERIENCED URGENT CARE PHYSICIANS FROM MERRIMACK VALLEY EMERGENCY ASSOCIATES WHO ARE AVAILABLE ONSITE DURING OPERATING HOURS. ALL LOCATIONS SERVE CHILDREN, ADOLESCENTS, ADULT AND OLDER ADULT PATIENTS WITH CONVENIENT, ACCESSIBLE CARE WITHOUT AN APPOINTMENT.

    Expenses $11,086,279 · Revenue $13,097,742

  • LGH CANCERCARE ASSOCIATES IS A PHYSICIAN PRACTICE PROVIDING COMPREHENSIVE CANCER CARE TO SUPPORT THE HOSPITAL'S CANCER PROGRAM.

    Expenses $4,372,712 · Revenue $791,698

  • LGH WOMENHEALTH S AN OB/GYN PRACTICE WITH SEVEN PHYSICIANS, THREE NURSE PRACTITIONERS, AND A MIDWIFE WHO PROVIDE A FULL RANGE OF HEALTHCARE TO WOMEN FROM ADOLESCENCE THROUGH MATURITY. WE PROVIDE SPECIAL EXPERTISE IN GYNECOLOGIC CARE, OBSTETRICS, URINARY INCONTINENCE, MENOPAUSE AND GYNECOLOGIC CANCER.

    Expenses $9,217,009 · Revenue $8,515,356

  • LGH PROFESSIONAL SERVICES

    Expenses $4,908,751 · Revenue $4,773,137

  • CIRCLE HEALTH PHARMACY

    Expenses $4,442,045 · Revenue $4,410,955

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Dubuque

    CLERK

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Amy Hoey

    PRESIDENT, EVP/COO

    Total calculated
    $933,698
    From this org
    $0
    From related orgs
    $806,881
    Other
    $126,817
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $667,948 related
    Bonus
    $0 + $103,275 related
    Other
    $0 + $35,658 related
    Deferred
    $0 + $102,784 related
    Nontaxable benefits
    $0 + $24,033 related
    Filer's total
    $0 + $933,698 related

  • Andrew Devoe

    TREASURER/CFO

    Total calculated
    $0
    Hours/week
    1 + 49 related

  • Zachary Redmond Esq

    SECRETARY

    Total calculated
    $669,412
    From this org
    $0
    From related orgs
    $599,263
    Other
    $70,149
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $458,977 related
    Bonus
    $0 + $88,250 related
    Other
    $0 + $52,036 related
    Deferred
    $0 + $46,240 related
    Nontaxable benefits
    $0 + $23,909 related
    Filer's total
    $0 + $669,412 related

  • Michael Bertos

    PHYSICIAN

    Total calculated
    $1,048,966
    From this org
    $1,034,639
    From related orgs
    $0
    Other
    $14,327
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $942,582
    Bonus
    $89,155
    Other
    $2,902
    Deferred
    $0
    Nontaxable benefits
    $14,327
    Filer's total
    $1,048,966

  • Louis Bresnick

    PHYSICIAN

    Total calculated
    $1,027,344
    From this org
    $1,007,060
    From related orgs
    $0
    Other
    $20,284
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $921,182
    Bonus
    $82,976
    Other
    $2,902
    Deferred
    $5,957
    Nontaxable benefits
    $14,327
    Filer's total
    $1,027,344

  • Omar Ali

    PHYSICIAN

    Total calculated
    $802,470
    From this org
    $773,347
    From related orgs
    $0
    Other
    $29,123
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $666,731
    Bonus
    $104,889
    Other
    $1,727
    Deferred
    $14,767
    Nontaxable benefits
    $14,356
    Filer's total
    $802,470

  • Kirk Macnaught

    PHYSICIAN

    Total calculated
    $798,878
    From this org
    $783,745
    From related orgs
    $0
    Other
    $15,133
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $677,129
    Bonus
    $104,889
    Other
    $1,727
    Deferred
    $9,900
    Nontaxable benefits
    $5,233
    Filer's total
    $798,878

  • James Waters

    PHYSICIAN

    Total calculated
    $806,145
    From this org
    $781,606
    From related orgs
    $0
    Other
    $24,539
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $671,780
    Bonus
    $104,889
    Other
    $4,937
    Deferred
    $14,725
    Nontaxable benefits
    $9,814
    Filer's total
    $806,145

  • Joseph White

    FMR. PRESIDENT/CEO (UNTIL 9/23)

    Total calculated
    $1,140,951
    From this org
    $0
    From related orgs
    $1,117,468
    Other
    $23,483
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $650,140 related
    Bonus
    $0
    Other
    $0 + $467,328 related
    Deferred
    $0 + $10,825 related
    Nontaxable benefits
    $0 + $12,658 related
    Filer's total
    $0 + $1,140,951 related

  • William F Wyman

    FMR SR VP OF OPS/TREAS/ASST CLERK

    Total calculated
    $559,650
    From this org
    $0
    From related orgs
    $499,190
    Other
    $60,460
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $393,702 related
    Bonus
    $0 + $50,787 related
    Other
    $0 + $54,701 related
    Deferred
    $0 + $44,218 related
    Nontaxable benefits
    $0 + $16,242 related
    Filer's total
    $0 + $559,650 related

  • Susan Green

    FMR. SR. VP & CFO & TREAS.

    Total calculated
    $1,085,892
    From this org
    $0
    From related orgs
    $1,047,084
    Other
    $38,808
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $793,432 related
    Bonus
    $0 + $123,750 related
    Other
    $0 + $129,902 related
    Deferred
    $0 + $14,707 related
    Nontaxable benefits
    $0 + $24,101 related
    Filer's total
    $0 + $1,085,892 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINES 4A-B
JOSEPH WHITE RECEIVED $196,823 OF SEVERANCE IN CALENDAR YEAR 2023. SECTION 457(F) RETIREMENT PLAN EMPLOYER DEFERRALS: AMY HOEY - $87,784 ZACHARY REDMOND - $39,447 WILLIAM F. WYMAN - $34,318
PART I, LINE 7
BONUSES ARE PAID AS INDICATED ON SCHEDULE J, PART II. BONUS PAID TO OFFICERS ARE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. OTHER BONUSES ARE APPROVED BY THE OFFICERS OF THE HOSPITAL.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LGH MEDICAL GROUP LLC

    MEDICAL SERVICES · MA · income $53,184,663 · assets $13,537,864

    Directly controlled by CIRCLE HEALTH PHYSICIANS INC

  • LGH CANCERCARE ASSOCIATES LLC

    MEDICAL SERVICES · MA · income $5,291,998 · assets $1,202,823

    Directly controlled by CIRCLE HEALTH PHYSICIANS INC

  • CIRCLE HEALTH OBGYN

    MEDICAL SERVICES · MA · income $11,463,678 · assets $3,290,546

    Directly controlled by CIRCLE HEALTH PHYSICIANS INC

  • LGH MERRIMACK VALLEY CARDIOLOGY ASSOCIATES LLC

    MEDICAL SERVICES · MA · income $20,395,706 · assets $5,436,805

    Directly controlled by CIRCLE HEALTH PHYSICIANS INC

  • CIRCLE HEALTH URGENT CARE LLC

    MEDICAL SERVICES · MA · income $14,348,926 · assets $3,963,970

    Directly controlled by CIRCLE HEALTH PHYSICIANS INC

  • CIRCLE HEALTH PHARMACY LLC

    MEDICAL SERVICES · MA · income $3,871,717 · assets $2,720,211

    Directly controlled by CIRCLE HEALTH PHYSICIANS INC

  • LGH PROFESSIONAL SERVICES LLC

    MEDICAL SERVICES · MA · income $5,716,587 · assets $1,191,334

    Directly controlled by CIRCLE HEALTH PHYSICIANS INC

  • TUFTS MEDICINE PARTNERSHIP ACO LLC

    ACO · MA · income $0 · assets $0

    Directly controlled by TUFTS MEDICINE INTEGRATED NETWORK INC

  • TUFTS MEDICINE PHARMACY LLC

    PHARMACY · MA · income $0 · assets $0

    Directly controlled by TUFTS MEDICINE INC

  • WELLFORCE ACO LLC

    ACO · MA · income $0 · assets $0

    Directly controlled by TUFTS MEDICINE INTEGRATED NETWORK INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MONTVALE PETCT LLC

    RELATED · CAT SCAN · DE

    Directly controlled by MELROSEWAKEFIELD HEALTHCARE INC

  • SHIELDS-TUFTS MEDICAL CENTER IMAGING MANAGEMENT LLC

    RELATED · MEDICAL SERVICES (MRI) · MA

    Directly controlled by TUFTS MEDICAL CENTER INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HALLMARK HEALTH PHO INC

    C · PHYSICIAN HOSPITAL ORGANIZATION · MA

    Directly controlled by MELROSEWAKEFIELD HEALTHCARE INC

  • LAWRENCE MELROSE MEDICAL ELECTRONICS RECORD INC

    C · ELECTRONIC MEDICAL RECORDS · MA

    Directly controlled by MELROSEWAKEFIELD HEALTHCARE INC

  • LGH MANAGEMENT SERVICES INC

    C · MEDICAL SERVICES · MA

    Directly controlled by LGH SERVICES INC

  • LGH MEDICAL BUILDING SERVICES INC

    C · MEDICAL OFFICE BUILDING · MA

    Directly controlled by LGH SERVICES INC

  • LGH MEDICAL SERVICES INC

    C · MEDICAL SERVICES · MA

    Directly controlled by LGH SERVICES INC

  • LGH SERVICES INC

    C · MEDICAL SERVICES · MA

    Directly controlled by CIRCLE HEALTH INC

  • TUFTS MEDICINE INDEMNITY COMPANY LTD

    C · CAPTIVE INSURANCE · CJ

    Directly controlled by TUFTS MEDICINE INC

  • TMIN SERVICES INC

    C · HEALTH CARE · MA · controlled entity

    Directly controlled by TUFTS MEDICINE INTEGRATED NETWORK INC

Provenance

Return type
form_990
Tax year
2023
Filed
13 August 2025
IRS schema version
2023v6.0
Source object
202512269349303031

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