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Nonprofiteer
← STAMFORD HEALTH MEDICAL GROUP INC

Form 990 for tax year 2024

Filed by STAMFORD HEALTH MEDICAL GROUP INC.

Totals

Total revenue
$267,602,499
Total expenses
$267,602,499
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$101,869,039
Investment income
$0
Other revenue
$165,733,460
Total assets, end of year
$88,563,545
Total liabilities, end of year
$87,464,259
Net assets or fund balances, end of year
$1,099,286
Program services expenses (Part IX)
$239,586,461
Management and general expenses
$28,016,038
Fundraising expenses
$0
Program service expenses (Part III)
$239,586,461

Program services were 89.5% 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: MEDICARE

    total $23,429,879 · related or exempt $23,429,879

  • 2b · Program service revenue: PHYSICIAN BILLING

    total $78,439,160 · related or exempt $78,439,160

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $1,769,443

  • 6c · Rental income or loss

    real property $1,769,443 · personal property $0

  • 6d · Net rental income or loss

    total $1,769,443 · excluded $1,769,443

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: LOSS TRANSFER TO TSH

    total $107,024,908 · related or exempt $107,024,908

  • 11b · Other revenue: HOSPITAL INTERCOMPANY AGREEMENT SUBSIDY

    total $29,494,334 · related or exempt $29,494,334

  • 11c · Other revenue: HOSPITAL PRACTICES SHMG SUBSIDY

    total $18,540,756 · related or exempt $18,540,756

  • 11d · All other revenue

    total $8,904,019 · related or exempt $8,904,019 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $163,964,017

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $6,601,430 · program services $4,696,783 · management and general $1,904,647

  • 7 · Other salaries and wages

    total $154,634,169 · program services $148,844,341 · management and general $5,789,828

  • 8 · Pension plan contributions

    total $4,383,074 · management and general $4,383,074

  • 9 · Other employee benefits

    total $19,752,804 · program services $19,595,100 · management and general $157,704

  • 10 · Payroll taxes

    total $6,770,434 · program services $6,770,434

  • 11a · Fees: management

    total $233,463 · management and general $233,463

  • 11c · Fees: accounting

    total $88,018 · management and general $88,018

  • 11g · Fees: other

    total $37,951,966 · program services $35,150,103 · management and general $2,801,863 · fundraising $0

  • 12 · Advertising and promotion

    total $651,788 · program services $651,788

  • 13 · Office expenses

    total $2,545,304 · program services $1,992,896 · management and general $552,408

  • 14 · Information technology

    total $4,205,857 · program services $104,077 · management and general $4,101,780

  • 16 · Occupancy

    total $15,058,843 · program services $9,107,965 · management and general $5,950,878

  • 17 · Travel

    total $48,968 · program services $29,596 · management and general $19,372

  • 22 · Depreciation, depletion and amortization

    total $4,032,784 · program services $2,073,058 · management and general $1,959,726

  • 23 · Insurance

    total $2,546,392 · program services $2,546,392

  • 24a · Other expenses: MEDICAL EXPENSES

    total $6,031,099 · program services $6,031,099

  • 24b · Other expenses: SERVICE CONTRACTS

    total $1,047,057 · program services $1,047,057

  • 24c · Other expenses: CME EXPENSE

    total $860,021 · program services $810,021 · management and general $50,000

  • 24d · Other expenses: NON-COLLEGE EDUCATION

    total $54,476 · program services $35,536 · management and general $18,940

  • 24e · All other expenses

    total $104,552 · program services $100,215 · management and general $4,337 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,979,636 · end of year $3,389,454

  • 4 · Accounts receivable

    beginning of year $15,058,506 · end of year $18,527,672

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $904,732 · end of year $957,229

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,168,223 · end of year $2,054,632

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

    $56,974,538

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

    $34,362,410

  • 10c · Land, buildings and equipment, net

    beginning of year $14,819,826 · end of year $22,612,128

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $45,714,884 · end of year $41,022,430

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,488,231 · end of year $27,825,051

  • 19 · Deferred revenue

    beginning of year $172,564 · end of year $63,217

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $64,306,433 · end of year $59,575,991

  • 27 · Net assets without donor restrictions

    beginning of year -$5,321,421 · end of year $1,099,286

Mission and programs · 2024

Mission

SUPPORTS THE PROVISION OF PHYSICIAN SERVICES AND OTHER HEALTH PRACTITIONER SERVICES TO THE RESIDENTS OF THE COMMUNITIES SERVED BY STAMFORD HOSPITAL AND AFFILIATED ORGANIZATIONS.

Activities or mission (Part I)

SUPPORTS THE PROVISION OF PHYSICIAN SERVICES AND OTHER HEALTH PRACTITIONER SERVICES TO THE RESIDENTS OF THE COMMUNITIES SERVED BY STAMFORD HOSPITAL AFFILIATED ORGANIZATIONS.

  • STAMFORD HEALTH MEDICAL GROUP INC. PROVIDES A COMPREHENSIVE ARRAY OF MANAGEMENT SERVICES IN SUPPORT OF PHYSICIAN PRACTICES.

    Expenses $239,586,461 · Revenue $265,833,056

As filed on the 2024 return.

Listed in Part VII

  • Richard Morel MD

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    38 + 2 related

  • Brianna Siegel MD

    PHYSICIAN

    Total calculated
    $291,734
    From this org
    $253,324
    From related orgs
    $0
    Other
    $38,410
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $247,684
    Bonus
    $5,640
    Other
    $0
    Deferred
    $23,000
    Nontaxable benefits
    $15,410
    Filer's total
    $291,734

  • Carol Fucigna MD

    PHYSICIAN DIRECTOR

    Total calculated
    $714,015
    From this org
    $675,768
    From related orgs
    $0
    Other
    $38,247
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $675,205
    Bonus
    $563
    Other
    $0
    Deferred
    $30,500
    Nontaxable benefits
    $7,747
    Filer's total
    $714,015

  • Daniel Bal MD

    PHYSICIAN DIRECTOR

    Total calculated
    $493,124
    From this org
    $461,367
    From related orgs
    $0
    Other
    $31,757
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $447,099
    Bonus
    $14,268
    Other
    $0
    Deferred
    $21,614
    Nontaxable benefits
    $10,143
    Filer's total
    $493,124

  • Maria Di Giovanni MD

    PHYSICIAN DIRECTOR

    Total calculated
    $326,322
    From this org
    $286,439
    From related orgs
    $0
    Other
    $39,883
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $286,439
    Bonus
    $0
    Other
    $0
    Deferred
    $30,500
    Nontaxable benefits
    $9,383
    Filer's total
    $326,322

  • Melissa Goldstein MD

    PHYSICIAN DIRECTOR

    Total calculated
    $513,781
    From this org
    $482,888
    From related orgs
    $0
    Other
    $30,893
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $477,638
    Bonus
    $5,250
    Other
    $0
    Deferred
    $20,488
    Nontaxable benefits
    $10,405
    Filer's total
    $513,781

  • Mina Owlia MD

    PHYSICIAN DIRECTOR

    Total calculated
    $624,979
    From this org
    $589,705
    From related orgs
    $0
    Other
    $35,274
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $552,449
    Bonus
    $37,256
    Other
    $0
    Deferred
    $20,488
    Nontaxable benefits
    $14,786
    Filer's total
    $624,979

  • Nicholas Fiebach MD

    PHYSICIAN (TSH)

    Total calculated
    $722,960
    From this org
    $0
    From related orgs
    $666,422
    Other
    $56,538
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $612,045 related
    Bonus
    $0 + $54,377 related
    Other
    $0
    Deferred
    $0 + $30,488 related
    Nontaxable benefits
    $0 + $26,050 related
    Filer's total
    $0 + $722,960 related

  • Rachel Albright MD

    PHYSICIAN DIRECTOR

    Total calculated
    $362,066
    From this org
    $336,842
    From related orgs
    $0
    Other
    $25,224
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $335,842
    Bonus
    $1,000
    Other
    $0
    Deferred
    $21,400
    Nontaxable benefits
    $3,824
    Filer's total
    $362,066

  • Russell Turk MD

    PHYSICIAN DIRECTOR

    Total calculated
    $632,567
    From this org
    $594,200
    From related orgs
    $0
    Other
    $38,367
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $590,575
    Bonus
    $3,625
    Other
    $0
    Deferred
    $25,131
    Nontaxable benefits
    $13,236
    Filer's total
    $632,567

  • Shira Vadel MD

    PHYSICIAN DIRECTOR

    Total calculated
    $328,186
    From this org
    $309,144
    From related orgs
    $0
    Other
    $19,042
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $305,019
    Bonus
    $4,125
    Other
    $0
    Deferred
    $19,000
    Nontaxable benefits
    $42
    Filer's total
    $328,186

  • Elizabeth Longmore

    SR. VP OPERATIONS, COO

    Total calculated
    $979,410
    From this org
    $0
    From related orgs
    $946,995
    Other
    $32,415
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $734,175 related
    Bonus
    $0 + $212,820 related
    Other
    $0
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $11,715 related
    Filer's total
    $0 + $979,410 related

  • Joshua Herbert MD

    CO-CMO

    Total calculated
    $1,039,534
    From this org
    $998,588
    From related orgs
    $0
    Other
    $40,946
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $949,588
    Bonus
    $49,000
    Other
    $0
    Deferred
    $27,482
    Nontaxable benefits
    $13,464
    Filer's total
    $1,039,534

  • Katarzyna Konopka

    COO

    Total calculated
    $391,800
    From this org
    $360,015
    From related orgs
    $0
    Other
    $31,785
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $311,167
    Bonus
    $48,848
    Other
    $0
    Deferred
    $20,121
    Nontaxable benefits
    $11,664
    Filer's total
    $391,800

  • Rodrigo Acosta MD

    PRESIDENT & CHAIRMAN

    Total calculated
    $921,973
    From this org
    $886,645
    From related orgs
    $0
    Other
    $35,328
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $886,415
    Bonus
    $230
    Other
    $0
    Deferred
    $30,004
    Nontaxable benefits
    $5,324
    Filer's total
    $921,973

  • William Hines MD

    CO-CMO

    Total calculated
    $525,150
    From this org
    $487,349
    From related orgs
    $0
    Other
    $37,801
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $399,669
    Bonus
    $87,680
    Other
    $0
    Deferred
    $29,978
    Nontaxable benefits
    $7,823
    Filer's total
    $525,150

  • Craig Olin MD

    PHYSICIAN

    Total calculated
    $861,158
    From this org
    $842,185
    From related orgs
    $0
    Other
    $18,973
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $842,185
    Bonus
    $0
    Other
    $0
    Deferred
    $9,500
    Nontaxable benefits
    $9,473
    Filer's total
    $861,158

  • Joshua Lader MD

    PHYSICIAN

    Total calculated
    $1,268,605
    From this org
    $1,233,795
    From related orgs
    $0
    Other
    $34,810
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,225,795
    Bonus
    $8,000
    Other
    $0
    Deferred
    $23,000
    Nontaxable benefits
    $11,810
    Filer's total
    $1,268,605

  • Kevin Miller MD

    PHYSICIAN

    Total calculated
    $900,895
    From this org
    $871,918
    From related orgs
    $0
    Other
    $28,977
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $858,605
    Bonus
    $13,313
    Other
    $0
    Deferred
    $17,250
    Nontaxable benefits
    $11,727
    Filer's total
    $900,895

  • Sandhya Dhruvakumar MD

    PHYSICIAN DIRECTOR

    Total calculated
    $1,028,587
    From this org
    $998,836
    From related orgs
    $0
    Other
    $29,751
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $993,586
    Bonus
    $5,250
    Other
    $0
    Deferred
    $23,000
    Nontaxable benefits
    $6,751
    Filer's total
    $1,028,587

  • William Symons MD

    PHYSICIAN DIRECTOR

    Total calculated
    $1,155,293
    From this org
    $1,117,303
    From related orgs
    $0
    Other
    $37,990
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,116,178
    Bonus
    $1,125
    Other
    $0
    Deferred
    $23,000
    Nontaxable benefits
    $14,990
    Filer's total
    $1,155,293

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
THE OFFICERS NOTED BELOW HAD TAXABLE VESTED PROCEEDS IN A 457(F)NON-QUALIFIED DEFERRED COMPENSATION PLAN OF THE LISTED AMOUNTS: ELIZABETH LONGMORE $ 67,477 RODRIGO ACOSTA, M.D $98,840

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 August 2026
IRS schema version
2024v5.1
Source object
202642299349301319

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