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Nonprofiteer
← CIRCLE HEALTH PHYSICIANS INC

Form 990 for tax year 2022

Filed by CIRCLE HEALTH PHYSICIANS INC.

Totals

Total revenue
$71,900,029
Total expenses
$87,593,673
Contributions and grants received
$1,186,457
Grants paid
$0
Program service revenue
$70,713,424
Investment income
$148
Other revenue
$0
Total assets, end of year
$24,975,751
Total liabilities, end of year
$52,263,563
Net assets or fund balances, end of year
-$27,287,812
Program services expenses (Part IX)
$80,005,941
Management and general expenses
$7,587,732
Fundraising expenses
$0
Program service expenses (Part III)
$80,005,941

Program services were 91.3% 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)

    $1,186,457

  • 2a · Program service revenue: LGH MEDICAL GROUP

    total $24,485,023 · related or exempt $24,485,023

  • 2b · Program service revenue: LGH MVC ASSOCIATES

    total $12,264,454 · related or exempt $12,264,454

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

    total $11,548,240 · related or exempt $11,548,240

  • 2d · Program service revenue: CIRCLE HEALTH OBGYN

    total $8,989,544 · related or exempt $8,989,544

  • 2e · Program service revenue: CIRCLE HEALTH PHARMACY

    total $5,920,117 · related or exempt $5,903,205 · unrelated business $16,912

  • 2f · All other program service revenue

    total $7,506,046 · related or exempt $7,506,046

  • 3 · Investment income

    total $148 · excluded $148

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $50,826,263 · program services $48,284,950 · management and general $2,541,313

  • 9 · Other employee benefits

    total $5,270,446 · program services $5,006,924 · management and general $263,522

  • 10 · Payroll taxes

    total $2,454,814 · program services $2,332,073 · management and general $122,741

  • 11g · Fees: other

    total $5,231,049 · program services $5,133,839 · management and general $97,210

  • 12 · Advertising and promotion

    total $845 · management and general $845

  • 13 · Office expenses

    total $10,670,837 · program services $7,469,586 · management and general $3,201,251

  • 16 · Occupancy

    total $3,806,332 · program services $2,664,432 · management and general $1,141,900

  • 17 · Travel

    total $9,866 · program services $6,906 · management and general $2,960

  • 19 · Conferences, conventions and meetings

    total $113,212 · program services $79,248 · management and general $33,964

  • 20 · Interest

    total $428 · management and general $428

  • 22 · Depreciation, depletion and amortization

    total $347,866 · program services $243,506 · management and general $104,360

  • 23 · Insurance

    total $846,231 · program services $768,993 · management and general $77,238

  • 24a · Other expenses: PHYSICIAN FEES

    total $6,166,305 · program services $6,166,305

  • 24b · Other expenses: PROVISION FOR BAD DEBT

    total $1,849,179 · program services $1,849,179

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,583,923 · end of year $5,909,882

  • 4 · Accounts receivable

    beginning of year $10,200,328 · end of year $8,058,557

  • 8 · Inventories for sale or use

    beginning of year $851,799 · end of year $584,442

  • 9 · Prepaid expenses and deferred charges

    beginning of year $428,733 · end of year $426,034

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

    $6,141,726

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

    $4,422,739

  • 10c · Land, buildings and equipment, net

    beginning of year $1,957,059 · end of year $1,718,987

  • 15 · Other assets

    beginning of year $5,364,479 · end of year $8,277,849

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,489,776 · end of year $6,081,912

  • 23 · Secured mortgages and notes payable

    beginning of year $2,222,708 · end of year $1,768,479

  • 25 · Other liabilities

    beginning of year $28,445,553 · end of year $44,413,172

  • 27 · Net assets without donor restrictions

    beginning of year -$18,771,716 · end of year -$27,287,812

Mission and programs · 2022

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 $13,694,806 · Revenue $12,264,454

  • 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 $32,398,357 · Revenue $24,485,023

  • 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 $10,119,005 · Revenue $11,548,240

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

    Expenses $5,176,366 · Revenue $2,481,963

  • CIRCLE HEALTH OBGYN IS 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 $8,943,519 · Revenue $8,989,544

  • LGH PROFESSIONAL SERVICES

    Expenses $5,002,781 · Revenue $5,024,083

  • CIRCLE HEALTH PHARMACY

    Expenses $4,671,107 · Revenue $5,903,205

As filed on the 2022 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

  • JOSEPH WHITE

    PRESIDENT/CEO - THE LGH

    Total calculated
    $1,164,969
    From this org
    $0
    From related orgs
    $1,132,076
    Other
    $32,893
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $835,766 related
    Bonus
    $0 + $127,934 related
    Other
    $0 + $168,376 related
    Deferred
    $0 + $11,325 related
    Nontaxable benefits
    $0 + $21,568 related
    Filer's total
    $0 + $1,164,969 related

  • WILLIAM F WYMAN UNTIL MAY '23

    SR. VP OF OPS./TREAS./ASST. CLERK

    Total calculated
    $537,630
    From this org
    $0
    From related orgs
    $451,883
    Other
    $85,747
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $391,798 related
    Bonus
    $0 + $49,791 related
    Other
    $0 + $10,294 related
    Deferred
    $0 + $65,464 related
    Nontaxable benefits
    $0 + $20,283 related
    Filer's total
    $0 + $537,630 related

  • MICHAEL BERTOS

    PHYSICIAN

    Total calculated
    $891,574
    From this org
    $862,764
    From related orgs
    $0
    Other
    $28,810
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $599,996
    Bonus
    $262,768
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,810
    Filer's total
    $891,574

  • LOUIS BRESNICK

    PHYSICIAN

    Total calculated
    $875,592
    From this org
    $837,634
    From related orgs
    $0
    Other
    $37,958
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $599,996
    Bonus
    $237,638
    Other
    $0
    Deferred
    $9,148
    Nontaxable benefits
    $28,810
    Filer's total
    $875,592

  • OMAR ALI

    PHYSICIAN

    Total calculated
    $802,745
    From this org
    $764,744
    From related orgs
    $0
    Other
    $38,001
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $674,053
    Bonus
    $90,691
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $28,851
    Filer's total
    $802,745

  • KIRK MACNAUGHT

    PHYSICIAN

    Total calculated
    $784,449
    From this org
    $764,744
    From related orgs
    $0
    Other
    $19,705
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $653,553
    Bonus
    $90,691
    Other
    $20,500
    Deferred
    $9,150
    Nontaxable benefits
    $10,555
    Filer's total
    $784,449

  • JAMES WATERS

    PHYSICIAN

    Total calculated
    $794,816
    From this org
    $764,744
    From related orgs
    $0
    Other
    $30,072
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $653,553
    Bonus
    $90,691
    Other
    $20,500
    Deferred
    $9,150
    Nontaxable benefits
    $20,922
    Filer's total
    $794,816

  • SUSAN GREEN

    FMR. SR. VP & CFO & TREAS.

    Total calculated
    $992,828
    From this org
    $0
    From related orgs
    $953,259
    Other
    $39,569
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $717,484 related
    Bonus
    $0 + $93,750 related
    Other
    $0 + $142,025 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $30,419 related
    Filer's total
    $0 + $992,828 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

  • 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)

PART I, LINE 4B
SECTION 457(F) RETIREMENT PLAN EMPLOYER DEFERRALS: WILLIAM F. WYMAN - $54,139
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.

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202402289349302305

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