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Stamford Health Medical Group Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 271648289 ✦ Stamford, CT ✦ Designated as a 501(c)(3)

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Overview

What is Stamford Health Medical Group Inc?

Stamford Health Medical Group Inc, a nonprofit organization based in Stamford, Connecticut, supports the provision of medical services to communities served by Stamford Hospital and its affiliated organizations. With a workforce of 818 employees, they offer comprehensive management services that enhance the delivery of physician services and various healthcare practitioner expertise. Their mission is to improve access to healthcare for local residents by fostering collaborations between medical professionals and affiliated organizations.


Official website here: www.stamfordhealth.org/shmg/

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

Stamford Health Medical Group Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in several areas. With an overall score of 66%, the organization demonstrates some strengths in accountability and finance, particularly in areas such as material diversion of assets and having thorough conflict of interest and whistleblower policies. However, the lack of independent board members is a significant concern, as it suggests potential governance issues.

The financial metrics present a mixed picture. While the organization has a high program expense ratio of 82.66%, indicating that a substantial amount of funds is directed towards programs, the liabilities to assets ratio at 101.23% raises red flags about financial stability. Additionally, the absence of posted tax forms on the nonprofit's website points to a lack of transparency, which is essential for maintaining stakeholder trust.

Overall, while Stamford Health Medical Group Inc shows a commitment to certain standards of accountability, the deficiencies in governance and financial health highlight areas that require urgent attention to enhance its effectiveness and credibility as a nonprofit.


This AI summary has been generated from information found on Charity Navigator.

Is Stamford Health Medical Group Inc legitimate?

Stamford Health Medical Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stamford Health Medical Group Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $9,988,626
Professional Fundraising Fees: $0
Other Salaries and Wages: $87,652,360

For more financial information, click here


Official website here: www.stamfordhealth.org/shmg/

What is the mission statement of Stamford Health Medical Group Inc?

Stamford Health Medical Group Inc plays a crucial role in ensuring access to healthcare services for the communities served by Stamford Hospital and its affiliated organizations. Their mission revolves around providing physician services and other health practitioner support to enhance the overall well-being of the population. Through a comprehensive range of management services, they facilitate the smooth operation of healthcare practices, ultimately contributing to the delivery of quality care. By offering essential support to medical practices, they help ensure that healthcare remains accessible and effective for the individuals within the served communities.


Official website here: www.stamfordhealth.org/shmg/

Who is the CEO of Stamford Health Medical Group Inc?

Unavailable


Official website here: www.stamfordhealth.org/shmg/

What is the revenue of Stamford Health Medical Group Inc?

Stamford Health Medical Group Inc's revenue in 2022 was $110,269,386.


Official website here: www.stamfordhealth.org/shmg/

Who are the executives of Stamford Health Medical Group Inc and what are their salaries?

The average compensation at Stamford Health Medical Group Inc during 2022 was $119,366. There are 818 employees at Stamford Health Medical Group Inc.


Here are 24 key members and their salaries:


Rodrigo Acosta Md (President & Chairman)
  • Compensation: $959,765
  • Related: $0
  • Other: $52,255
Brianna Siegel Md (Physician)
  • Compensation: $228,195
  • Related: $0
  • Other: $30,412
Carol Fucigna Md (Physician)
  • Compensation: $648,088
  • Related: $0
  • Other: $35,113
Daniel Bal Md (Physician)
  • Compensation: $344,994
  • Related: $0
  • Other: $17,326
Eric Kung Md (Physician)
  • Compensation: $529,145
  • Related: $0
  • Other: $51,743
Joonun Choi Md (Physician)
  • Compensation: $638,076
  • Related: $0
  • Other: $47,311
Maria Cecila Asnis Md (Physician)
  • Compensation: $300,679
  • Related: $0
  • Other: $22,556
Nicholas Fiebach Md (Physician (Tsh))
  • Compensation: $0
  • Related: $593,705
  • Other: $17,961
Robert Lindberg Md (Physician)
  • Compensation: $303,519
  • Related: $0
  • Other: $52,876
Benjamin Wade (Sr. Vp Marketing (Tsh) (Non-Voting))
  • Compensation: $0
  • Related: $504,983
  • Other: $15,705
Connnie Vanbeek Md (Physician (Non-Voting Member))
  • Compensation: $753,774
  • Related: $0
  • Other: $47,506
Elizabeth Longmore (Sr. Vp Ambulatory)
  • Compensation: $486,440
  • Related: $0
  • Other: $26,790
Joshua Herbert Md (Co-Cmo)
  • Compensation: $703,892
  • Related: $0
  • Other: $52,629
Kasha Konopka (Coo)
  • Compensation: $268,489
  • Related: $0
  • Other: $19,979
Michael Veillette (Sr. Vp Cfo (Tsh) (Non-Voting Member))
  • Compensation: $0
  • Related: $885,081
  • Other: $32,427
Rachel Albright Md (Physician (Non-Voting Member))
  • Compensation: $243,658
  • Related: $0
  • Other: $22,556
William Hines Md (Co-Cmo)
  • Compensation: $506,704
  • Related: $0
  • Other: $6,120
Craig Olin Md (Physician)
  • Compensation: $865,028
  • Related: $0
  • Other: $57,661
John Dowdle Md (Physician)
  • Compensation: $834,993
  • Related: $0
  • Other: $54,077
Joshua Lader Md (Physician)
  • Compensation: $900,094
  • Related: $0
  • Other: $28,911
Sandhya Dhruvakumar Md (Physician)
  • Compensation: $831,124
  • Related: $0
  • Other: $25,776
William Symons Md (Physician)
  • Compensation: $974,800
  • Related: $0
  • Other: $28,911
Jonathan Immordino (Termed Former Cfo)
  • Compensation: $180,699
  • Related: $0
  • Other: $41,746
Kevin Gage (Termed Former Cfo (Tsh))
  • Compensation: $0
  • Related: $0
  • Other: $119,033


Official website here: www.stamfordhealth.org/shmg/

Where can I find the form 990 for Stamford Health Medical Group Inc?

Stamford Health Medical Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.stamfordhealth.org/shmg/

Learn more at the official website: www.stamfordhealth.org/shmg/

Mission Statement of Stamford Health Medical Group Inc

Stamford Health Medical Group Inc, a key supporter of Stamford Hospital and its affiliated organizations, is dedicated to enhancing the delivery of physician services and other health practitioner care to the communities it serves. This mission is carried out through the provision of comprehensive management services that bolster the effectiveness of various physician practices.

By focusing on the health needs of the local population, Stamford Health Medical Group Inc plays a pivotal role in ensuring that top-notch medical expertise is readily available to those in need. Its commitment to providing essential services extends beyond the hospitals' walls, making a significant impact on the overall well-being of the communities it serves.

The organization's primary objective is to foster an environment that encourages the growth and success of medical practices, enabling them to reach their full potential. Through its various initiatives, Stamford Health Medical Group Inc strives to create a seamless healthcare experience for patients, ensuring that they receive the highest quality of care possible. The organization's unwavering dedication to excellence is a testament to its mission of supporting the provision of physician services and other health practitioner care to the residents of the communities it serves.

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Impact




October, 2024

Stamford Health Medical Group Inc significantly enhances healthcare access and quality for residents in Stamford, CT, and surrounding communities. By providing a comprehensive array of management services, the organization supports physician practices, ensuring that healthcare providers can focus on delivering high-quality medical care. This support fosters a collaborative environment among healthcare practitioners, ultimately improving patient outcomes and satisfaction.

Its mission centers on facilitating the provision of physician services and other health practitioner services, making it a vital resource in the local healthcare ecosystem. This impact is particularly important in promoting public health and well-being, as it addresses the diverse medical needs of the community and contributes to the overall effectiveness of Stamford Hospital and its affiliated organizations.




This information is meant to be a general summary of Stamford Health Medical Group Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$110,269,386 (2022)
Expenses
$167,526,117 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $87,762,106
  • Gross Receipts: $110,269,386

Assets and Liabilities:

  • Total Assets: $75,786,870
  • Total Liabilities: $76,720,194
  • Net Assets: -$933,324

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEDICARE

Revenue

$29,791,579

PHYSICIAN BILLING

Revenue

$57,970,527

Organization Details

Founding Year

2009

Main Address

ONE HOSPITAL PLAZA PO BOX 9317, STAMFORD, CT, 06904

NTEE Category

Code: E30 - Health

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