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Nonprofiteer
← NORTH EAST MEDICAL SERVICES

Form 990 for tax year 2023

Filed by NORTH EAST MEDICAL SERVICES.

Totals

Total revenue
$327,019,875
Total expenses
$305,540,412
Contributions and grants received
$14,801,605
Grants paid
$0
Program service revenue
$301,832,191
Investment income
$619,833
Other revenue
$9,766,246
Total assets, end of year
$445,546,687
Total liabilities, end of year
$61,821,921
Net assets or fund balances, end of year
$383,724,766
Program services expenses (Part IX)
$230,756,154
Management and general expenses
$74,784,258
Fundraising expenses
$0
Program service expenses (Part III)
$230,756,154

Program services were 75.5% 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.

  • 1e · Government grants (contributions)

    $13,942,109

  • 1f · All other contributions, gifts and grants

    $859,496

  • 1g · Noncash contributions included above

    $198,226

  • 2a · Program service revenue: MANGED CARE SERVICE

    total $155,995,281 · related or exempt $155,995,281

  • 2b · Program service revenue: MEDICAL SERVICE

    total $82,853,694 · related or exempt $82,853,694

  • 2c · Program service revenue: PHARMACY

    total $46,209,157 · related or exempt $46,209,157

  • 2d · Program service revenue: DENTAL

    total $13,522,061 · related or exempt $13,522,061

  • 2e · Program service revenue: OPTOMETRY SERVICES

    total $3,251,998 · related or exempt $3,251,998

  • 3 · Investment income

    total $767,734 · excluded $767,734

  • 6a · Gross rents

    real property $1,719,894

  • 6b · Less rental expenses

    real property $229,830

  • 6c · Rental income or loss

    real property $1,490,064

  • 6d · Net rental income or loss

    total $1,490,064 · unrelated business $16,074 · excluded $1,473,990

  • 7a · Gross sales of assets other than inventory

    securities $4,547,189

  • 7b · Less cost or other basis and sales expenses

    securities $4,547,189 · other assets $147,901

  • 7c · Gain or loss

    securities $0 · other assets -$147,901

  • 7d · Net gain or loss

    total -$147,901 · excluded -$147,901

  • 9a · Gaming: gross income

    $16,523

  • 9b · Gaming: direct expenses

    $17,234

  • 9c · Net income from gaming

    total -$711 · excluded -$711

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $5,190,904 · related or exempt $5,190,904

  • 11b · Other revenue: ADMIN FEES

    total $3,085,989 · related or exempt $3,085,989

  • 11e · Other revenue, total

    $8,276,893

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $5,449,522 · program services $1,879,458 · management and general $3,570,064

  • 7 · Other salaries and wages

    total $103,443,936 · program services $81,517,901 · management and general $21,926,035

  • 8 · Pension plan contributions

    total $7,022,962 · program services $5,393,728 · management and general $1,629,234

  • 9 · Other employee benefits

    total $10,904,542 · program services $8,282,152 · management and general $2,622,390

  • 10 · Payroll taxes

    total $7,110,514 · program services $5,360,144 · management and general $1,750,370

  • 11b · Fees: legal

    total $210,334 · management and general $210,334

  • 11c · Fees: accounting

    total $145,014 · management and general $145,014

  • 11g · Fees: other

    total $13,511,567 · program services $3,796,834 · management and general $9,714,733

  • 12 · Advertising and promotion

    total $221,695 · program services $86,082 · management and general $135,613

  • 13 · Office expenses

    total $1,346,762 · program services $607,330 · management and general $739,432

  • 16 · Occupancy

    total $10,032,961 · program services $2,557,898 · management and general $7,475,063

  • 17 · Travel

    total $1,788,031 · program services $110,276 · management and general $1,677,755

  • 19 · Conferences, conventions and meetings

    total $742,851 · program services $170,314 · management and general $572,537

  • 20 · Interest

    total $80,700 · management and general $80,700

  • 22 · Depreciation, depletion and amortization

    total $10,505,650 · program services $1,547,271 · management and general $8,958,379

  • 23 · Insurance

    total $3,966,008 · program services $2,937,637 · management and general $1,028,371

  • 24a · Other expenses: MANAGED CARE CAPITATION

    total $95,723,327 · program services $91,043,033 · management and general $4,680,294

  • 24b · Other expenses: PHARMACEUTICALS AND IN-

    total $20,695,948 · program services $20,532,039 · management and general $163,909

  • 24c · Other expenses: SUBSCRIPTIONS AND DUES

    total $8,503,844 · program services $1,350,092 · management and general $7,153,752

  • 24d · Other expenses: MEDICAL SUPPLIES

    total $3,326,526 · program services $3,241,526 · management and general $85,000

  • 24e · All other expenses

    total $807,718 · program services $342,439 · management and general $465,279

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $111,052,967 · end of year $80,714,560

  • 2 · Savings and temporary cash investments

    beginning of year $18,246,581 · end of year $15,552,032

  • 3 · Pledges and grants receivable

    beginning of year $2,212,947 · end of year $2,079,520

  • 4 · Accounts receivable

    beginning of year $20,686,513 · end of year $21,534,204

  • 5 · Loans and receivables from officers and key people

    beginning of year $6,502,500 · end of year $6,441,651

  • 7 · Other notes and loans receivable

    beginning of year $8,006,094 · end of year $8,328,293

  • 8 · Inventories for sale or use

    beginning of year $642,097 · end of year $688,169

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,334,665 · end of year $3,756,556

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

    $340,532,624

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

    $65,690,237

  • 10c · Land, buildings and equipment, net

    beginning of year $219,011,131 · end of year $274,842,387

  • 11 · Investments: publicly traded securities

    beginning of year $9,799,214 · end of year $6,805,081

  • 12 · Investments: other securities

    beginning of year $6,805,481 · end of year $7,744,577

  • 13 · Investments: program-related

    beginning of year $100,000 · end of year $100,000

  • 14 · Intangible assets

    beginning of year $400,000 · end of year $400,000

  • 15 · Other assets

    beginning of year $8,060,670 · end of year $16,559,657

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,775,298 · end of year $21,839,496

  • 19 · Deferred revenue

    beginning of year $1,591,222

  • 23 · Secured mortgages and notes payable

    beginning of year $3,604,440 · end of year $3,504,749

  • 25 · Other liabilities

    beginning of year $25,926,605 · end of year $36,477,676

  • 27 · Net assets without donor restrictions

    beginning of year $360,771,252 · end of year $383,232,599

  • 28 · Net assets with donor restrictions

    beginning of year $1,192,043 · end of year $492,167

Mission and programs · 2023

Mission

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.

  • 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.

    Expenses $96,188,631 · Revenue $143,182,145

  • PRIMARY AND SPECIALTY MEDICAL SERVICES PROVIDED FOR 326,951 ENCOUNTERS.

    Expenses $67,295,764 · Revenue $82,853,694

  • PHARMACY SERVED/FILLED 576,103 PRESCRIPTIONS.

    Expenses $27,668,386 · Revenue $46,209,157

  • DENTAL SERVICES PROVIDED FOR 54,040 ENCOUNTERS.

    Expenses $10,606,511 · Revenue $13,522,061

  • RADIOLOGY SERVICES: UNITS OF SERVICE PROVIDED WERE 17,916.

    Expenses $3,305,472 · Revenue $1,873,860

  • LABORATORY SERVICES: UNITES OF SERVICE PROVIDED WERE 474,219.

    Expenses $4,825,308 · Revenue $3,010,197

  • HEATLH COUNSELING SERVICES: UNITS OF SERVICE PROVIDED WERE 7,604.

    Expenses $2,854,361 · Revenue $2,164,278

  • OPTOMETRY SERVICES: UNITS OF SERVICE PROVIDED WERE 11,448.

    Expenses $1,561,065 · Revenue $3,251,998

  • PHYSICAL THERAPY SERVICES: UNITS OF SERVICE PROVIDED WERE 22,620.

    Expenses $534,149 · Revenue $567,484

  • PACE: TOTAL MEMBER MONTHS WERE 1,305.

    Expenses $15,916,507 · Revenue $13,474,210

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

Listed in Part VII

  • ANNE D BRANDON JD

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NANCY HUANG PHARM D

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MIKE CHI

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SUZANNE S CHEUNG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EUNICE HENDARY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN JIN LEE JD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALAN KHOO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CINDY W LAW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEANY TAY MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EDWIN S WANG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALBERT Y YUE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EDDIE W CHAN

    PRESIDENT & CEO

    Total calculated
    $882,838
    From this org
    $855,221
    From related orgs
    $0
    Other
    $27,617
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $649,969
    Bonus
    $193,193
    Other
    $12,059
    Deferred
    $26,400
    Nontaxable benefits
    $1,217
    Filer's total
    $882,838

  • JOHNSON WONG

    VICE PRESIDENT, CHIEF FINANCIAL OFFICER

    Total calculated
    $685,030
    From this org
    $530,555
    From related orgs
    $0
    Other
    $154,475
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $403,311
    Bonus
    $84,500
    Other
    $42,744
    Deferred
    $136,400
    Nontaxable benefits
    $18,075
    Filer's total
    $685,030

  • KENNETH B TAI

    VICE PRESIDENT, CHIEF HEALTH OFFICER

    Total calculated
    $708,604
    From this org
    $649,201
    From related orgs
    $0
    Other
    $59,403
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $481,371
    Bonus
    $90,500
    Other
    $77,330
    Deferred
    $56,400
    Nontaxable benefits
    $3,003
    Filer's total
    $708,604

  • JERRY Y JEW

    VICE PRESIDENT, CHIEF STRATEGY OFFICER

    Total calculated
    $598,519
    From this org
    $520,952
    From related orgs
    $0
    Other
    $77,567
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $446,850
    Bonus
    $69,500
    Other
    $4,602
    Deferred
    $56,400
    Nontaxable benefits
    $21,167
    Filer's total
    $598,519

  • DIANA KAWASAKI-YEE

    VICE PRESIDENT, CHIEF BUSINESS DEVELOPMENT OFFICER

    Total calculated
    $396,775
    From this org
    $354,832
    From related orgs
    $0
    Other
    $41,943
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $343,332
    Bonus
    $11,500
    Other
    $0
    Deferred
    $26,400
    Nontaxable benefits
    $15,543
    Filer's total
    $396,775

  • PAUL E FOX

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $455,640
    From this org
    $381,215
    From related orgs
    $0
    Other
    $74,425
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $328,715
    Bonus
    $52,500
    Other
    $0
    Deferred
    $56,400
    Nontaxable benefits
    $18,025
    Filer's total
    $455,640

  • RACHEL KOH

    CHIEF OPERATING OFFICER

    Total calculated
    $553,901
    From this org
    $496,264
    From related orgs
    $0
    Other
    $57,637
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $388,508
    Bonus
    $101,500
    Other
    $6,256
    Deferred
    $56,400
    Nontaxable benefits
    $1,237
    Filer's total
    $553,901

  • MURALIMOHAN ATHURULRI

    CHIEF INFORMATION OFFICER

    Total calculated
    $517,986
    From this org
    $440,008
    From related orgs
    $0
    Other
    $77,978
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $346,508
    Bonus
    $93,500
    Other
    $0
    Deferred
    $56,400
    Nontaxable benefits
    $21,578
    Filer's total
    $517,986

  • DAI LIN TANG

    CHIEF MANAGED CARE OFFICER

    Total calculated
    $586,358
    From this org
    $507,499
    From related orgs
    $0
    Other
    $78,859
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $385,119
    Bonus
    $91,500
    Other
    $30,880
    Deferred
    $56,400
    Nontaxable benefits
    $22,459
    Filer's total
    $586,358

  • JUSTIN POY QUOCK

    MEDICAL ONCOLOGY AND MULTI-SPECIALTY MEDICAL

    Total calculated
    $581,281
    From this org
    $525,857
    From related orgs
    $0
    Other
    $55,424
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $472,951
    Bonus
    $50,700
    Other
    $2,206
    Deferred
    $26,400
    Nontaxable benefits
    $29,024
    Filer's total
    $581,281

  • JAMES FREDERIC LEE

    MEDICAL DIRECTOR

    Total calculated
    $440,218
    From this org
    $412,861
    From related orgs
    $0
    Other
    $27,357
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $354,188
    Bonus
    $44,960
    Other
    $13,713
    Deferred
    $26,400
    Nontaxable benefits
    $957
    Filer's total
    $440,218

  • HELEN M WONG

    MEDICAL DIRECTOR

    Total calculated
    $486,530
    From this org
    $436,465
    From related orgs
    $0
    Other
    $50,065
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $353,934
    Bonus
    $71,031
    Other
    $11,500
    Deferred
    $26,400
    Nontaxable benefits
    $23,665
    Filer's total
    $486,530

  • WAI-HANG JACKIE LAM

    MEDICAL DIRECTOR

    Total calculated
    $487,589
    From this org
    $459,765
    From related orgs
    $0
    Other
    $27,824
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $362,990
    Bonus
    $66,806
    Other
    $29,969
    Deferred
    $26,400
    Nontaxable benefits
    $1,424
    Filer's total
    $487,589

  • KATRINA ROSE LIU

    MSO MEDICAL DIRECTOR

    Total calculated
    $495,002
    From this org
    $447,003
    From related orgs
    $0
    Other
    $47,999
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $355,405
    Bonus
    $46,598
    Other
    $45,000
    Deferred
    $26,400
    Nontaxable benefits
    $21,599
    Filer's total
    $495,002

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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
THE CEO ENTERED INTO A SPLIT-DOLLAR INSURANCE PLAN WITH NEMS IN 2021. NEMS FUNDED AN AMOUNT TO PAY PREMIUM ON A LIFE INSURANCE POLICY THAT THE CEO WILL OWN. THE LIFE INSURANCE POLICY HAS TWO COMPONENTS: ONE COMPONENT CREATES A FUND FROM WHICH THE CEO BORROWS TAX-FREE TO SUPPLEMENT RETIREMENT INCOME STARTING FROM 2027 AND THE OTHER COMPONENT PROVIDES DEATH PROCEEDS THAT: - REPAY NEMS'S PREMIUM PLUS INVESTMENT EARNINGS AND PROVIDE ADDITIONAL KEY PERSON COVERAGE. - PROVIDE A TAX-FREE DEATH BENEFIT TO CEO'S BENEFICIARY. THE ANNUAL TAX-FREE BENEFITS OVER 20 YEARS STARTS FROM 2027. NEMS ALSO MAINTAINS A DEFERRED COMPENSATION PLAN UNDER 457(F). THE ORGANIZATION ACCRUED CONTRIBUTIONS TO THE 457(F) PLAN FOR C-SUITE MEMBERS. THE AMOUNT ACCURED IS AS FOLLOWING: JOHNSON WONG, VICE PRESIDENT, CHIEF FINANCIAL OFFICER $110,000 KENNETH B TAI, VICE PRESIDENT, CHIEF HEALTH OFFICER $30,000 JERRY Y. JEW, VICE PRESIDENT, CHIEF STRATEGY OFFICER $30,000 PAUL E FOX, CHIEF ADMINISTRATIVE OFFICER $30,000 RACHEL KOH, CHIEF OPERATING OFFICER $30,000 MURALIMOHAN ATHULURI, CHIEF INFORMATION OFFICER $30,000 DAI LIN TANG, CHIEF MANAGED CARE OFFICER $30,000
PART I, LINE 7
CEO'S BONUS WAS DETERMINED BY THE BOARD OF DIRECTORS ON A COMPLETELY DISCRETIONARY MANNER BASED UPON THE EMPLOYEE PERFORMANCE. OTHER EMPLOYEES' BONUSES WERE DETERMINED BY THE CEO AND THE BOARD OF DIRECTORS ON A COMPLETELY DISCRETIONARY MANNER BASED UPON THE EMPLOYEE PERFORMANCE.

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.

Related corporations and trusts

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

  • GOLDEN BAY HEALTH INC

    C · HEALTHCARE SERVICE PLAN · CA · 100% owned · share of income $20,834,896 · share of assets $13,145,470 · controlled entity

    Directly controlled by NORTH EAST MEDICAL SERVICES

  • 1520 HOLDINGS

    C · HOLDING COMPANY · CA · 100% owned · controlled entity

    Directly controlled by NORTH EAST MEDICAL SERVICES

Provenance

Return type
form_990
Tax year
2023
Filed
26 September 2024
IRS schema version
2023v5.1
Source object
202442829349300639

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