Civic Intelligence

Marietta Healthcare Physicians Inc

EIN 31-1375125 • 501(c)3 • Marietta, OH

Profile

Physician health care service

401 Matthew StreetMarietta, OH 45750

www.mmhospital.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

1.00x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

16th percentile

0.10x

Higher debt load relative to revenue than 16% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

33rd percentile

0.0%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

94th percentile

$2,553,122

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

82nd percentile

16%

Faster asset growth than 82% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

10%

Faster revenue growth than 56% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Down

$17,922,627

Down $1,532,188 (-7.9%) from 2022

Liabilities

Down

$17,924,986

Down $1,532,188 (-7.9%) from 2022

Net Assets

Flat

-$2,359

Flat from 2022

Revenue

Up

$187,866,078

Up $34,523,151 (+23%) from 2022

Expenses

Up

$187,866,078

Up $34,523,151 (+23%) from 2022

Net Income

Flat

$0

Flat from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0-$5.0MAssets 2010: $5,808,408Liabilities 2010: $5,810,767Net Assets 2010: -$2,3592010Assets 2011: $6,297,977Liabilities 2011: $6,300,336Net Assets 2011: -$2,3592011Assets 2013: $9,557,407Liabilities 2013: $9,559,766Net Assets 2013: -$2,3592013Assets 2014: $9,127,277Liabilities 2014: $9,129,636Net Assets 2014: -$2,3592014Assets 2015: $9,392,208Liabilities 2015: $9,394,567Net Assets 2015: -$2,3592015Assets 2016: $9,851,204Liabilities 2016: $9,853,563Net Assets 2016: -$2,3592016Assets 2017: $11,916,581Liabilities 2017: $11,918,940Net Assets 2017: -$2,3592017Assets 2019: $8,935,460Liabilities 2019: $8,937,819Net Assets 2019: -$2,3592019Assets 2020: $8,339,425Liabilities 2020: $8,341,784Net Assets 2020: -$2,3592020Assets 2022: $19,454,815Liabilities 2022: $19,457,174Net Assets 2022: -$2,3592022Assets 2024: $17,922,627Liabilities 2024: $17,924,986Net Assets 2024: -$2,3592024

Highlighted filing

2024

Assets$17,922,627
Liabilities$17,924,986
Net Assets-$2,359

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200M$100M$0-$100MExpenses 2010: $47,859,2932010Expenses 2011: $50,207,9432011Expenses 2013: $79,093,6742013Revenue 2014: $64,551,634Expenses 2014: $85,159,992Net Income 2014: -$20,608,3582014Revenue 2015: $74,672,751Expenses 2015: $98,481,977Net Income 2015: -$23,809,2262015Revenue 2016: $85,521,205Expenses 2016: $109,986,439Net Income 2016: -$24,465,2342016Revenue 2017: $83,519,597Expenses 2017: $120,068,712Net Income 2017: -$36,549,1152017Revenue 2019: $102,044,666Expenses 2019: $125,662,478Net Income 2019: -$23,617,8122019Revenue 2020: $99,338,430Expenses 2020: $129,094,748Net Income 2020: -$29,756,3182020Revenue 2022: $153,342,927Expenses 2022: $153,342,927Net Income 2022: $02022Revenue 2024: $187,866,078Expenses 2024: $187,866,078Net Income 2024: $02024

Highlighted filing

2024

Revenue$187,866,078
Expenses$187,866,078
Net Income$0

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Aug 15, 2023
Return Version
2021v4.2
Gross Receipts
$153,342,927
Mission and Program Overview

Mission

Physician health care service was formed by marietta memorial hospital to further its section 501(c)3 charitable purposes. Mhcpi like mmh participates in medicare and medicaid programs and services are provided to patients without discrimination as to ability to pay.

Physician health care service formed by marietta memorial hospital to further its section 501(c)3 charitable purposes. Mhcpi like mmh does participate in medicare and medicaid programs, and services are provided to patients without discrimination as to ability to pay.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$13,378,094$16,565,760▲ $3,187,666
Land, Buildings, and Equipment, Net$2,884,706$2,889,055▲ $4,349
Total Assets$16,262,800$19,454,815▲ $3,192,015
Liabilities
Unsecured Notes Loans Payable$16,265,159$19,457,174▲ $3,192,015
Total Liabilities$16,265,159$19,457,174▲ $3,192,015
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,359$-2,359→ $0
Total Net Assets Fund Balance$-2,359$-2,359→ $0
Total Liabilities and Net Assets / Fund Balance$16,262,800$19,454,815▲ $3,192,015

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,889,055$7,677,944$10,566,999
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michail Vasilakis MdPhysicianFT$2,288,907$39,265$2,328,172
Adbolreza Ghodsi MdPhysicianFT$2,235,777$61,648$2,297,425
Mark Tawil MdPhysicianFT$1,520,015$58,660$1,578,675
Rajendra Bhati MdPhysicianFT$1,348,811$58,885$1,407,696
Peter Pantelidis MdPhysicianFT$1,142,325$64,965$1,207,290
Dan Breece MdVice PresidentFT$824,726$301,033$1,125,759
Chris CockerhamDirectorFT$552,625$61,148$613,773
Richard Hoyt MdMedical Staff PresidentFT$380,662$136,712$517,374
Joseph Cooper MdSecretaryFT$450,163$43,839$494,002

Board Members and Trustees

NameTitle
Michael ArcherChairperson
Stephen KeiserVice Chairperson
Ann HelmickDirector
Carol SchneebergerDirector
Colleen CookDirector
Gregg EmerickDirector
Larry UnroeDirector
Michael IaderosaDirector
Sheryl HoldrenDirector
Terry RataiczakDirector
Thomas Danford DdsDirector
J Scott CantleyCEO - Marietta Area Health
Scott SilvestriCFO - Marietta Area Health
James BarengoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
LocumtenenscomPhysician Staffing2575 NORTHWINDS PKWY, Alpharetta, GA 30009$1,089,917
Weatherby Locums INCPhysician StaffingPO BOX 972633, Dallas, TX 75397-2633$812,268
Barton AssociatesPhysician Staffing300 JUBILEE DRIVE, Peabody, MA 01960$793,002
Medone Hospital PhysicianPhysician Staffing3525 OLENTANGY RIVER RD 4330, Columbus, OH 43214$735,803
Independent Healthcare ProvidersPhysician StaffingPO BOX 7816, Charleston, WV 25356$540,069
Revenue and Support

Revenue Composition

Contributions and Grants
$34,822,781
Program Service Revenue
$118,520,146
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$135,701,294
Other Expenses$17,641,633
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$112,213,493$4,351,953-$116,565,446
Other Employee Benefits-$11,074,072-$11,074,072
Payroll Taxes-$5,457,432-$5,457,432
Current Officers, Directors, Trustees, and Key Employees$2,233,534--$2,233,534
Occupancy$73,273$1,404,472-$1,477,745
Office Expenses$1,255,680$39,336-$1,295,016
Depreciation Depletion-$523,725-$523,725
Pension Plan Contributions-$370,810-$370,810
Other Expenses$12,127$350,973-$363,100
Insurance$32,893$144,112-$177,005
Information Technology$59,557$44,113-$103,670
Travel$46,684$23,565-$70,249
Total Functional Expenses$126,776,181$26,566,746$0$153,342,927
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Board members review the 990 after the return has been filed.

Form 990, Part VI, Section B, Line 12C

Annual surveys are completed and reviewed by the corporate integrity committee.

Form 990, Part VI, Section B, Line 15

Compensation is set by committee at median in the market area for executives. Compensation is set by committee at a maximum of 75% mgma for physicians.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Marietta Healthcare Physicians Inc
EIN
31-1375125
Phone
7403741400
Address
401 MATTHEW STREET, MARIETTA, OH 45750

Signing Officer

Name
Scott Silvestri
Title
CFO
Phone
7403741400
Signed
2023-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Scott Cantley
Formed
1995
Legal Domicile
Oh
Voting Board Members
15
Independent Board Members
15
Employees
367
Volunteers
14

Preparer

Firm
Mcm Cpas & Advisors Llp
Address
101 S FIFTH STREET SUITE 2100, LOUISVILLE, KY 40202
Preparer
Theresa Batliner CPA
Phone
5027491900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has a committe that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The system, excluding msc, mohp and the innovation center, is organized as a tax-exempt organization under section 501(c)(3) of the united states internal revenue code. Msc, mohp and the innovation center are organized as limited liability companies, whereby, net taxable income is taxed directly to the members and not msc, mohp or the innovation center. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the system and recognize a tax liability if the system has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the system, and has concluded that as of september 30, 2022 and 2021, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying consolidated financial statements. As such, the system is generally exempt from income taxes. However, the system, excluding msc, mohp and the innovation center, is required to file federal form 990 - return of organization exempt from income tax which is an informational return only. The system, msc, and mohp have filed their tax returns for periods through 2019. The returns for msc and mohp are generally open to examination by the relevant taxing authorities for a period of three years from the later of the date the return was filed or its due date (including approved extensions). The system, msc and mohp are subject to routine audits by taxing jurisdictions. However, as of the date the consolidated financial statements were issued, there were no audits for any tax periods in progress.

Raw XML AppendixShowing 400 of 853 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0PHYSICIAN HEALTH CARE SERVICE FORMED BY MARIETTA MEMORIAL HOSPITAL TO FURTHER ITS SECTION 501(C)3 CHARITABLE PURPOSES. MHCPI LIKE MMH DOES PARTICIPATE IN MEDICARE AND MEDICAID PROGRAMS, AND SERVICES ARE PROVIDED TO PATIENTS WITHOUT DISCRIMINATION AS TO ABILITY TO PAY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt16CFO - MARIETTA AREA HEALTH
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