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Nonprofiteer
← CIRCLE HEALTH PHYSICIANS INC

Form 990 for tax year 2024

Filed by CIRCLE HEALTH PHYSICIANS INC.

Totals

Total revenue
$91,842,223
Total expenses
$115,882,604
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$91,842,217
Investment income
$6
Other revenue
$0
Total assets, end of year
$31,989,721
Total liabilities, end of year
$30,378,709
Net assets or fund balances, end of year
$1,611,012
Program services expenses (Part IX)
$106,312,784
Management and general expenses
$9,569,820
Fundraising expenses
$0
Program service expenses (Part III)
$106,312,784

Program services were 91.7% 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 $44,525,500 · related or exempt $44,525,500

  • 2b · Program service revenue: LGH MVC ASSOCIATES

    total $12,873,788 · related or exempt $12,873,788

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

    total $12,358,921 · related or exempt $12,358,921

  • 2d · Program service revenue: LGH WOMANHEALTH

    total $9,200,234 · related or exempt $9,200,234

  • 2e · Program service revenue: CIRCLE HEALTH PHARMACY

    total $5,022,777 · related or exempt $5,603,037 · unrelated business -$580,260

  • 2f · All other program service revenue

    total $7,860,997 · related or exempt $7,860,997

  • 3 · Investment income

    total $6 · excluded $6

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $69,682,177 · program services $66,198,068 · management and general $3,484,109

  • 9 · Other employee benefits

    total $6,705,315 · program services $6,370,049 · management and general $335,266

  • 10 · Payroll taxes

    total $3,466,881 · program services $3,293,537 · management and general $173,344

  • 11g · Fees: other

    total $5,542,690 · program services $5,542,690

  • 13 · Office expenses

    total $13,169,572 · program services $9,218,701 · management and general $3,950,871

  • 16 · Occupancy

    total $4,482,447 · program services $3,137,713 · management and general $1,344,734

  • 17 · Travel

    total $7,120 · program services $4,984 · management and general $2,136

  • 19 · Conferences, conventions and meetings

    total $176,021 · program services $123,215 · management and general $52,806

  • 22 · Depreciation, depletion and amortization

    total $476,096 · program services $333,267 · management and general $142,829

  • 23 · Insurance

    total $1,022,848 · program services $939,123 · management and general $83,725

  • 24a · Other expenses: PHYSICIAN FEES

    total $9,579,309 · program services $9,579,309

  • 24b · Other expenses: PROVISION FOR BAD DEBT

    total $1,572,128 · program services $1,572,128

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,386,877 · end of year $966,230

  • 4 · Accounts receivable

    beginning of year $8,079,190 · end of year $6,565,233

  • 8 · Inventories for sale or use

    beginning of year $408,100 · end of year $425,879

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,725,879 · end of year $426,030

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

    $7,017,262

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

    $5,123,834

  • 10c · Land, buildings and equipment, net

    beginning of year $1,633,111 · end of year $1,893,428

  • 15 · Other assets

    beginning of year $17,110,396 · end of year $21,712,921

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,631,818 · end of year $7,900,313

  • 23 · Secured mortgages and notes payable

    beginning of year $1,375,537 · end of year $4,561,912

  • 25 · Other liabilities

    beginning of year $3,063,043 · end of year $17,916,484

  • 27 · Net assets without donor restrictions

    beginning of year $22,273,155 · end of year $1,611,012

Mission and programs · 2024

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 $17,766,212 · Revenue $12,873,788

  • 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 $50,724,843 · Revenue $44,525,500

  • 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 $12,660,136 · Revenue $12,358,921

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

    Expenses $5,017,606 · Revenue $3,036,705

  • 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 $10,443,839 · Revenue $9,200,234

  • LGH PROFESSIONAL SERVICES

    Expenses $5,511,170 · Revenue $4,824,292

  • CIRCLE HEALTH PHARMACY

    Expenses $4,188,978 · Revenue $5,603,037

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Amy Hoey

    PRESIDENT, EVP/COO

    Total calculated
    $1,000,385
    From this org
    $0
    From related orgs
    $852,943
    Other
    $147,442
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $698,034 related
    Bonus
    $0 + $61,965 related
    Other
    $0 + $92,944 related
    Deferred
    $0 + $118,399 related
    Nontaxable benefits
    $0 + $29,043 related
    Filer's total
    $0 + $1,000,385 related

  • Andrew Devoe

    TREASURER/CFO

    Total calculated
    $1,148,895
    From this org
    $0
    From related orgs
    $1,123,052
    Other
    $25,843
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $853,264 related
    Bonus
    $0 + $256,959 related
    Other
    $0 + $12,829 related
    Deferred
    $0 + $6,578 related
    Nontaxable benefits
    $0 + $19,265 related
    Filer's total
    $0 + $1,148,895 related

  • Zachary Redmond Esq

    SECRETARY

    Total calculated
    $693,637
    From this org
    $0
    From related orgs
    $586,258
    Other
    $107,379
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $494,363 related
    Bonus
    $0 + $37,950 related
    Other
    $0 + $53,945 related
    Deferred
    $0 + $81,422 related
    Nontaxable benefits
    $0 + $25,957 related
    Filer's total
    $0 + $693,637 related

  • Michael Bertos

    PHYSICIAN

    Total calculated
    $1,089,365
    From this org
    $1,060,322
    From related orgs
    $0
    Other
    $29,043
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $646,268
    Bonus
    $411,149
    Other
    $2,905
    Deferred
    $0
    Nontaxable benefits
    $29,043
    Filer's total
    $1,089,365

  • Louis Bresnick

    PHYSICIAN

    Total calculated
    $1,062,032
    From this org
    $1,029,673
    From related orgs
    $0
    Other
    $32,359
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $615,619
    Bonus
    $411,149
    Other
    $2,905
    Deferred
    $6,356
    Nontaxable benefits
    $26,003
    Filer's total
    $1,062,032

  • Kirk Macnaught

    PHYSICIAN

    Total calculated
    $807,700
    From this org
    $785,567
    From related orgs
    $0
    Other
    $22,133
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $685,634
    Bonus
    $98,167
    Other
    $1,766
    Deferred
    $9,900
    Nontaxable benefits
    $12,233
    Filer's total
    $807,700

  • James Waters

    PHYSICIAN

    Total calculated
    $819,200
    From this org
    $790,182
    From related orgs
    $0
    Other
    $29,018
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $682,261
    Bonus
    $98,167
    Other
    $9,754
    Deferred
    $9,900
    Nontaxable benefits
    $19,118
    Filer's total
    $819,200

  • Omar Ali

    PHYSICIAN

    Total calculated
    $812,651
    From this org
    $776,748
    From related orgs
    $0
    Other
    $35,903
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $675,278
    Bonus
    $98,167
    Other
    $3,303
    Deferred
    $9,900
    Nontaxable benefits
    $26,003
    Filer's total
    $812,651

  • Joseph White

    FMR. PRESIDENT/CEO

    Total calculated
    $2,050,443
    From this org
    $0
    From related orgs
    $2,050,443
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $1,197,543 related
    Other
    $0 + $852,900 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $2,050,443 related

  • William F Wyman

    FMR SR VP OF OPS/TREAS/ASST CLERK

    Total calculated
    $609,096
    From this org
    $0
    From related orgs
    $503,114
    Other
    $105,982
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $420,049 related
    Bonus
    $0 + $30,472 related
    Other
    $0 + $52,593 related
    Deferred
    $0 + $87,362 related
    Nontaxable benefits
    $0 + $18,620 related
    Filer's total
    $0 + $609,096 related

  • Susan Green

    FMR. SR. VP & CFO & TREAS.

    Total calculated
    $145,982
    From this org
    $0
    From related orgs
    $144,773
    Other
    $1,209
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $15,865 related
    Bonus
    $0
    Other
    $0 + $128,908 related
    Deferred
    $0 + $406 related
    Nontaxable benefits
    $0 + $803 related
    Filer's total
    $0 + $145,982 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, LINE 3
CIRCLE HEALTH INC. DOES NOT DIRECTLY COMPENSATE ITS CEO OR ANY OTHER OFFICERS. COMPENSATION FOR THE CEO AND OTHER OFFICERS FOLLOWS THE PROCESS OF THE LOWELL GENERAL HOSPITAL AS OUTLINED BELOW: A THIRD PARTY CONSULTANT IS HIRED FOR AN INDEPENDENT ASSESSMENT OF APPROPRIATE SALARY RANGES FOR THE OFFICERS OF THE ORGANIZATION SUCH AS THE CEO, COO, AND CFO. THIS ASSESSMENT IS REVIEWED BY THE COMPENSATION COMMITTEE AND A RECOMMENDATION IS GIVEN TO THE EXECUTIVE COMMITTEE ON SALARY INCREASES AND BONUSES.
PART I, LINES 4A-B
JOSEPH WHITE RECEIVED $852,900 OF SEVERANCE IN CALENDAR YEAR 2024. SECTION 457(F) RETIREMENT PLAN EMPLOYER DEFERRALS: AMY HOEY - $108,499 WILLIAM F. WYMAN - $77,462 ZACHARY REDMOND - $74,285
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 $49,704,986 · assets $22,081,240

    Directly controlled by CIRCLE HEALTH PHYSICIANS INC

  • LGH CANCERCARE ASSOCIATES LLC

    MEDICAL SERVICES · MA · income $2,875,951 · assets $665,103

    Directly controlled by CIRCLE HEALTH PHYSICIANS INC

  • CIRCLE HEALTH OBGYN

    MEDICAL SERVICES · MA · income $9,210,181 · assets $1,447,985

    Directly controlled by CIRCLE HEALTH PHYSICIANS INC

  • LGH MERRIMACK VALLEY CARDIOLOGY ASSOCIATES LLC

    MEDICAL SERVICES · MA · income $12,337,999 · assets $2,849,829

    Directly controlled by CIRCLE HEALTH PHYSICIANS INC

  • CIRCLE HEALTH URGENT CARE LLC

    MEDICAL SERVICES · MA · income $10,866,231 · assets $1,811,735

    Directly controlled by CIRCLE HEALTH PHYSICIANS INC

  • CIRCLE HEALTH PHARMACY LLC

    MEDICAL SERVICES · MA · income $5,349,277 · assets $2,265,744

    Directly controlled by CIRCLE HEALTH PHYSICIANS INC

  • LGH PROFESSIONAL SERVICES LLC

    MEDICAL SERVICES · MA · income $4,875,828 · assets $868,085

    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 · PET/CT SCANS · 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

  • TUFTS MEDICINE SHIELDS PETCT LLC

    RELATED · PET/CT SCANS · MA

    Directly controlled by MELROSEWAKEFIELD HEALTHCARE 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
2024
Filed
11 August 2026
IRS schema version
2024v5.5
Source object
202602259349302620

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