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Circle Health Physicians Inc

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

EIN: 273902914 ✦ Lowell, MA ✦ Designated as a 501(c)(3)

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Overview

What is Circle Health Physicians Inc?

Circle Health Physicians Inc is a charity-focused organization based in Lowell, Massachusetts, with an address at 295 Varnum Avenue, 01854. The corporation comprises eleven clinical cardiologists who specialize in various cardiology fields, including interventional cardiology, electrophysiology, imaging techniques such as nuclear cardiology, ECHO, and CT angiography. Their primary mission is to support Lowell General Hospital and associated organizations through monitoring, coordinating, and providing essential services. The physicians offer support services and improve the efficiency and effectiveness of the hospital and its affiliates by working together to achieve their individual charitable purposes.

What are the reviews and ratings of this charity?

Charity Navigator has rated Circle Health Physicians Inc with a score of 64%, equating to a Two-Star out of Four Star rating. This rating indicates room for improvement in several areas of accountability and financial management. While the organization has achieved commendable marks in fiscal oversight and program spending, the lack of a predominantly independent board and missing elements on their website detracts from their overall rating.

The organization demonstrates strong financial practices, evidenced by a high program expense ratio of 89.90%, which shows that a significant portion of their expenditures directly supports their mission. Additionally, they have no reported material diversion of assets, indicating a solid level of integrity and management in their financial practices. Positive policies regarding conflict of interest, whistleblower protections, and document retention further highlight their commitment to ethical standards.

However, the nonprofit faces challenges in governance, particularly with only 50% of board members being independent, which raises concerns about objectivity in decision-making. The absence of key documents on their website, such as the tax form and related financial disclosures, limits transparency and may hinder public trust. Addressing these areas could improve their rating and enhance their credibility within the community.


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

Is Circle Health Physicians Inc legitimate?

Circle Health Physicians Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Circle Health Physicians 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $44,592,445

For more financial information, click here

What is the mission statement of Circle Health Physicians Inc?

Circle Health Physicians Inc is a charitable organization with the primary goal of supporting and benefiting Lowell General Hospital and affiliated organizations. Its mission is to monitor and coordinate their activities, provide support services, and improve their efficiency and effectiveness. The corporation also coordinates physician services to these organizations. In summary, Circle Health Physicians Inc exists to enhance the capabilities of hospitals and affiliated organizations, ultimately contributing to their individual charitable purposes.

Who is the CEO of Circle Health Physicians Inc?

Joseph White is the President/Ceo - The Lgh of Circle Health Physicians Inc. The CEO's salary of Circle Health Physicians Inc is $0 and their total compensation is $1,305,031.

What is the revenue of Circle Health Physicians Inc?

Circle Health Physicians Inc's revenue in 2022 was $68,600,363.

Who are the executives of Circle Health Physicians Inc and what are their salaries?

There 200 volunteers at Circle Health Physicians Inc.


Here are 9 key members and their salaries (Circle Health Physicians Inc's CEO's salary is $0 and their total compensation is $1,305,031):


Michael Dubuque (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph White (President/Ceo - The Lgh)
  • Compensation: $0
  • Related: $1,281,304
  • Other: $23,727
William F Wyman (Sr. Vp Of Ops./Treas./Asst. Clerk)
  • Compensation: $0
  • Related: $509,944
  • Other: $20,328
Michael Bertos (Physician)
  • Compensation: $1,188,505
  • Related: $0
  • Other: $21,133
Louis Bresnick (Physician)
  • Compensation: $1,167,384
  • Related: $0
  • Other: $29,441
Omar Ali (Physician)
  • Compensation: $756,477
  • Related: $0
  • Other: $29,878
Kirk Macnaught (Physician)
  • Compensation: $766,258
  • Related: $0
  • Other: $17,367
James Waters (Physician)
  • Compensation: $766,082
  • Related: $0
  • Other: $23,671
Susan Green (Fmr. Sr. Vp & Cfo & Treas.)
  • Compensation: $0
  • Related: $1,023,543
  • Other: $34,774
Where can I find the form 990 for Circle Health Physicians Inc?

Circle Health Physicians Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Circle Health Physicians Inc

Circle Health Physicians Inc is a charitable organization dedicated to enhancing the charitable activities of Lowell General Hospital and affiliated organizations. This corporation operates with the sole intention of supporting and benefiting these entities.

To fulfill its mission, Circle Health Physicians Inc assumes the responsibility of monitoring and coordinating the activities of the hospital and affiliated organizations. It also provides essential support services to these institutions and facilitates the engagement of individuals who offer their services to further enhance their operations. Additionally, Circle Health Physicians Inc plays a crucial role in coordinating physician services for the hospital and affiliated organizations.

The ultimate goal of Circle Health Physicians Inc is to bolster the efficiency and effectiveness of the hospital and affiliated organizations through well-coordinated efforts. By working together, they aim to accomplish their unique individual exempt purposes more profoundly. Circle Health Physicians Inc's mission is essential in ensuring the overall success and growth of Lowell General Hospital and its affiliated organizations.

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Impact




October, 2024

Circle Health Physicians Inc significantly enhances healthcare delivery in Lowell, MA, by focusing on the coordination and support of Lowell General Hospital and its affiliated organizations. By operating primarily through a dedicated group of eleven clinical cardiology physicians, the organization addresses critical cardiovascular health issues, including interventional cardiology, electrophysiology, and advanced imaging techniques.

The impact of Circle Health Physicians Inc is multifaceted. It actively monitors and coordinates activities that improve the operational efficiency of the hospital and related entities. By streamlining physician services and providing vital support systems, the organization contributes to the overall effectiveness of healthcare provision in the region. This commitment not only benefits patients with specific cardiovascular conditions, such as coronary disease, cholesterol disorders, and heart failure, but also enhances general health services offered by Lowell General Hospital, ultimately leading to better health outcomes for the community it serves.




This information is meant to be a general summary of Circle Health Physicians 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
$68,600,363 (2022)
Expenses
$80,006,807 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $245
  • Program Service Revenue: $68,492,775
  • Gross Receipts: $68,600,363

Assets and Liabilities:

  • Total Assets: $22,386,321
  • Total Liabilities: $41,158,037
  • Net Assets: -$18,771,716

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Programs

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

LGH MEDICAL GROUP

Revenue

$20,860,166

CIRCLE HEALTH URGENT CARE

Revenue

$13,591,039

LGH MVC ASSOCIATES

Revenue

$11,595,739

CIRCLE HEALTH OBGYN

Revenue

$7,833,664

CIRCLE HEALTH PHARMACY

Revenue

$6,789,977

Organization Details

Founding Year

2009

Principal Officer

Joseph White

Main Address

295 VARNUM AVENUE, LOWELL, MA, 01854

NTEE Category

Code: E112 - Health

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