Civic Intelligence

Armc Physicians Care Inc.

990 • Fiscal year 2018 • EIN 56-2095382

Oct 01, 2017 to Sep 30, 2018 • Filed on Aug 06, 2019

Organization ProfileWWW.CONEHEALTH.COM
1200 North Elm StreetGreensboro, NC 27401

(336) 832-7000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

13.88x

Higher debt load relative to assets than 99% of similar nonprofits.

2018 filings • NTEE E • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

3.26x

Higher debt load relative to revenue than 96% of similar nonprofits.

2018 filings • NTEE E • $10M-$25M nonprofits • Source year 2018

Net Margin

3rd percentile

-78%

Higher net margin than 3% of similar nonprofits.

2018 filings • NTEE E • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

73rd percentile

$873,615

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2018 filings • NTEE E • $10M-$25M nonprofits • Source year 2018

Asset Growth

13th percentile

-12%

Faster asset growth than 13% of similar nonprofits.

2018 filings • NTEE E • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

57th percentile

5.4%

Faster revenue growth than 57% of similar nonprofits.

2018 filings • NTEE E • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets99th percentile

Assets

Flat

$2,665,036

Flat from 2018

Net Assets

Flat

-$34,334,730

Flat from 2018

Liabilities

Flat

$36,999,766

Flat from 2018

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin3rd percentile

Revenue

Flat

$11,338,555

Flat from 2018

Expenses

Flat

$20,165,239

Flat from 2018

Net Income

Flat

-$8,826,684

Flat from 2018

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0-$50M-$100MAssets 2010: $1,032,550Liabilities 2010: $171,809Net Assets 2010: $860,7412010Assets 2011: $1,470,142Liabilities 2011: $1,398,484Net Assets 2011: $71,6582011Assets 2012: $2,543,388Liabilities 2012: $2,674,849Net Assets 2012: -$131,4612012Assets 2013: $2,685,884Liabilities 2013: $3,613,338Net Assets 2013: -$927,4542013Assets 2014: $2,961,827Liabilities 2014: $5,118,735Net Assets 2014: -$2,156,9082014Assets 2015: $2,394,906Liabilities 2015: $10,012,832Net Assets 2015: -$7,617,9262015Assets 2016: $3,132,640Liabilities 2016: $20,316,970Net Assets 2016: -$17,184,3302016Assets 2017: $3,030,523Liabilities 2017: $28,538,569Net Assets 2017: -$25,508,0462017Assets 2018: $2,665,036Liabilities 2018: $36,999,766Net Assets 2018: -$34,334,7302018Assets 2018: $2,665,036Liabilities 2018: $36,999,766Net Assets 2018: -$34,334,7302018Assets 2019: $2,354,985Liabilities 2019: $44,044,363Net Assets 2019: -$41,689,3782019Assets 2020: $2,131,080Liabilities 2020: $49,563,479Net Assets 2020: -$47,432,3992020Assets 2021: $1,939,063Liabilities 2021: $54,872,608Net Assets 2021: -$52,933,5452021Assets 2022: $2,172,129Liabilities 2022: $59,369,220Net Assets 2022: -$57,197,0912022Assets 2023: $2,545,583Liabilities 2023: $63,995,682Net Assets 2023: -$61,450,0992023Assets 2024: $2,191,273Liabilities 2024: $67,261,883Net Assets 2024: -$65,070,6102024

Highlighted filing

2018

Assets$2,665,036
Liabilities$36,999,766
Net Assets-$34,334,730
Open 2018 Filing

Operations Trend

Revenue Growth57th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $1,522,0192010Expenses 2011: $7,297,3522011Revenue 2012: $7,449,761Expenses 2012: $10,894,955Net Income 2012: -$3,445,1942012Revenue 2013: $5,984,396Expenses 2013: $10,074,017Net Income 2013: -$4,089,6212013Revenue 2014: $9,290,104Expenses 2014: $15,770,706Net Income 2014: -$6,480,6022014Revenue 2015: $11,106,953Expenses 2015: $18,986,887Net Income 2015: -$7,879,9342015Revenue 2016: $11,501,002Expenses 2016: $21,067,406Net Income 2016: -$9,566,4042016Revenue 2017: $10,753,197Expenses 2017: $19,076,913Net Income 2017: -$8,323,7162017Revenue 2018: $11,338,555Expenses 2018: $20,165,239Net Income 2018: -$8,826,6842018Revenue 2018: $11,338,555Expenses 2018: $20,165,239Net Income 2018: -$8,826,6842018Revenue 2019: $12,348,129Expenses 2019: $19,702,777Net Income 2019: -$7,354,6482019Revenue 2020: $11,958,324Expenses 2020: $17,701,345Net Income 2020: -$5,743,0212020Revenue 2021: $13,036,879Expenses 2021: $18,538,025Net Income 2021: -$5,501,1462021Revenue 2022: $14,240,534Expenses 2022: $18,504,080Net Income 2022: -$4,263,5462022Revenue 2023: $16,371,991Expenses 2023: $20,624,999Net Income 2023: -$4,253,0082023Revenue 2024: $14,951,936Expenses 2024: $18,572,447Net Income 2024: -$3,620,5112024

Highlighted filing

2018

Revenue$11,338,555
Expenses$20,165,239
Net Income-$8,826,684
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Aug 6, 2019
Return Version
2017v2.3
Gross Receipts
$11,338,555
Mission and Program Overview

Mission

We serve our communities by preventing illness, restoring health and providing comfort through exceptional people delivering exceptional care. Armc physicians care does so by providing access to primary and specialty care in alamance county, nc.

Operation of physician practices

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,694,412$1,471,783▼ $222,629
Accounts Receivable$654,354$382,294▼ $272,060
Inventories for Sale or Use$30,733$30,733→ $0
Cash and Non-Interest-Bearing Accounts$1,950$2,090▲ $140
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$3,030,523$2,665,036▼ $365,487
Other Assets Total$649,074$778,136▲ $129,062
Liabilities
Other Liabilities$25,372,406$33,109,274▲ $7,736,868
Accounts Payable and Accrued Expenses$3,166,163$3,890,492▲ $724,329
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$28,538,569$36,999,766▲ $8,461,197
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-25,508,046$-34,334,730▼ $8,826,684
Total Net Assets Fund Balance$-25,508,046$-34,334,730▼ $8,826,684
Total Liabilities and Net Assets / Fund Balance$3,030,523$2,665,036▼ $365,487

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$435,152$1,128,929$1,564,081
Buildings$660,707$223,902$884,609
Leasehold Improvements$340,248$227,366$567,614
Other Land Buildings$35,676$4,732$40,408
Other Assets Org$778,136--
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wohl MD DarrnePhysicianFT$408,462$122,815$531,277
Clapacs MD JohnPhysicianFT$157,879$308,453$466,332
Defrancesco MD MartinPhysicianFT$199,299$248,856$448,155
Cherry MD AnikaPhysicianFT$205,147$231,151$436,298
Cooper MD RichardPhysicianFT$299,512$108,944$408,456

Board Members and Trustees

NameTitle
Portillo MD MartinPresident
Goldstein MD RobertDirector & Vice President
Hammock PrestonDirector
Hornaday FDDirector
Street RexDirector
Clontz TimothySecretary & Assist Treasurer
Jones JeffreyTreasurer & Assist Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$11,338,555
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-8,826,684
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,382,651
Other Expenses$6,782,588
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,579,562$1,064,396-$10,643,958
Payments to Affiliates$1,465,253$162,806-$1,628,059
Other Employee Benefits$1,428,456$158,717-$1,587,173
Occupancy$981,033$109,004-$1,090,037
Payroll Taxes$606,318$67,369-$673,687
Pension Plan Contributions$430,050$47,783-$477,833
Depreciation Depletion$295,815$32,868-$328,683
Office Expenses$151,117$16,791-$167,908
Fees for Services Management$120,370$13,374-$133,744
Information Technology$112,955$12,550-$125,505
Fees for Services Other$86,397$9,600-$95,997
Insurance$58,418$6,491-$64,909
Travel$55,212$6,135-$61,347
Advertising$33,452$3,717-$37,169
All Other Expenses$16,513$1,834-$18,347
Other Expenses$13,642$1,516-$15,158
Fees for Services Accounting$7,363$818-$8,181
Total Functional Expenses$18,148,717$2,016,522$0$20,165,239
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Payables$32,171,486
Deferred Compensation Liability$780,949
Insurance Payable$156,839
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 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
Yes
Filing and Contact Details

Filer

Filer Name
ARMC Physicians Care Inc
EIN
56-2095382
In Care Of
% JEFFREY JONES
Phone
3368327000
Address
1200 NORTH ELM STREET, GREENSBORO, NC 27401

Signing Officer

Name
Jeffrey Jones
Title
CFO
Phone
3368327000
Signed
2019-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin Portillo Md
Formed
1998
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
1
Employees
170

Preparer

Firm
Pricewaterhousecoopers Llp
Address
800 GREEN VALLEY RD STE 500, GREENSBORO, NC 27408
Preparer
Mark D Yarbrough
Phone
3366652700
Supplemental Narrative

Additional Explanations

Information Regarding Delegation

“FORM 990, PART VI, SECTION A, LINE 3 Cone Health System has contracted with Carolinas Health System (CHS) to perform the following management duties: (1) Provide executive staff,(2) Managed care contracting, (3) Best practices consulting for operations across the Health System, (4) Provide access to CHS purchasing contracts, and (5) Collaboration of quality data analysis that will allow them to better manage conversion of reimbursement from volume-based models to value-based models as required by the Affordable Care Act. THE FOLLOWING OFFICERS WERE COMPENSATED BY CHS DURING THE CALENDAR YEAR ENDING WITHIN THE COMPANY'S TAX YEAR: JEFFREY JONES, CHIEF FINANCIAL OFFICER: $873,615”

Form 990 Review Process

“FORM 990, PART VI, SECTION B, LINE 11B An electronic version of the return will be made available on the board portal to all Board members in advance of the filing date. Representatives of the finance staff from the health system will be available to respond to any questions or address any issues.”

Conflict of Interest Policy

“FORM 990, PART VI, SECTION B, LINE 12C Before every Board meeting or Committee meeting, the chair will ask every member to review the agenda and to disclose any area where they may have conflict so that the disclosure is complete prior to discussion.”

Compensation Review Process

“Form 990, part vi, section b, line 15 the following methods are used to establish compensation of officers: compensation committee; independent compensation consultant; written employement contract; compensation survey or study and approval by the board or compensation committee.”

Governing Documents

“FORM 990, PART VI, SECTION C, LINE 19 These documents are proprietary and are not made available to the public.”

Financial Statement Notes

Text of Fin 48 (asc 740) Footnote

“Form 990, schedule d, part x, line 2 as of september 30, 2018 and 2017, the health system had no uncertain tax positions under financial accounting standards board (fasb) asc 740, income taxes, requiring adjustments to its consolidated financial statements. The health system does not expect that unrecognized tax benefits will materially increase within the next 12 months.”

Raw XML AppendixShowing 400 of 935 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03166163
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03890492
IRS990/AccountsReceivableGrp/BOYAmt0654354
IRS990/AccountsReceivableGrp/EOYAmt0382294
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0OPERATION OF PHYSICIAN PRACTICES
IRS990/AdvertisingGrp/ManagementAndGeneralAmt03717
IRS990/AdvertisingGrp/ProgramServicesAmt033452
IRS990/AdvertisingGrp/TotalAmt037169
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01834
IRS990/AllOtherExpensesGrp/ProgramServicesAmt016513
IRS990/AllOtherExpensesGrp/TotalAmt018347
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0JEFFREY JONES
IRS990/BooksInCareOfDetail/PhoneNum03368327000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01200 NORTH ELM STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0GREENSBORO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027401
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01950
IRS990/CashNonInterestBearingGrp/EOYAmt02090
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt06782588
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt011338555
IRS990/CYRevenuesLessExpensesAmt0-8826684
IRS990/CYSalariesCompEmpBnftPaidAmt013382651
IRS990/CYTotalExpensesAmt020165239
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt011338555
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt032868
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0295815
IRS990/DepreciationDepletionGrp/TotalAmt0328683
IRS990/Desc0PROVISION OF PHYSICIAN SERVICES FOR THE BENEFIT OF THE COMMUNITY. ALAMANCE PHYSICIANS PROVIDED 82,791 OFFICE AND HOSPITAL VISITS THIS YEAR. OF THE TOTAL GROSS CHARGES BOOKED FOR THE YEAR, 46.82% WERE FOR MEDICARE OR MEDICAID PATIENTS. FOR THE YEAR ALAMANCE PHYSICIANS PROVIDED $1,098,704 OF CHARITY CARE TO THE COMMUNITY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0170
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt018148717
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0818
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt07363
IRS990/FeesForServicesAccountingGrp/TotalAmt08181
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt013374
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0120370
IRS990/FeesForServicesManagementGrp/TotalAmt0133744
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt09600
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt086397
IRS990/FeesForServicesOtherGrp/TotalAmt095997
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt340.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt440.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt540.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt640.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.0
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt063600
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt142628
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt361492
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt473647
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt588645
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt69361
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt720700
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt843112
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt954105
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1044772
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1143205
IRS990/Form990PartVIISectionAGrp/PersonNm0Goldstein MD Robert
IRS990/Form990PartVIISectionAGrp/PersonNm1Hammock Preston
IRS990/Form990PartVIISectionAGrp/PersonNm2Hornaday FD
IRS990/Form990PartVIISectionAGrp/PersonNm3Street Rex
IRS990/Form990PartVIISectionAGrp/PersonNm4Clontz Timothy
IRS990/Form990PartVIISectionAGrp/PersonNm5Jones Jeffrey
IRS990/Form990PartVIISectionAGrp/PersonNm6Portillo MD Martin
IRS990/Form990PartVIISectionAGrp/PersonNm7Cherry MD Anika
IRS990/Form990PartVIISectionAGrp/PersonNm8Clapacs MD John
IRS990/Form990PartVIISectionAGrp/PersonNm9Cooper MD Richard
IRS990/Form990PartVIISectionAGrp/PersonNm10Defrancesco MD Martin
IRS990/Form990PartVIISectionAGrp/PersonNm11Wohl MD Darrne
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7415598
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8423220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9354351
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10403383
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11488739
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0554659
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1444071
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3422873
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4416124
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5784970
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6178010
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1116083
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director & Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary & Assist Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer & Assist Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Physician
IRS990/Form990PartVIISectionAGrp/TitleTxt8Physician
IRS990/Form990PartVIISectionAGrp/TitleTxt9Physician
IRS990/Form990PartVIISectionAGrp/TitleTxt10Physician
IRS990/Form990PartVIISectionAGrp/TitleTxt11Physician
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt011338555
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt026
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt012550
IRS990/InformationTechnologyGrp/ProgramServicesAmt0112955
IRS990/InformationTechnologyGrp/TotalAmt0125505
IRS990/InsuranceGrp/ManagementAndGeneralAmt06491
IRS990/InsuranceGrp/ProgramServicesAmt058418
IRS990/InsuranceGrp/TotalAmt064909
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt030733
IRS990/InventoriesForSaleOrUseGrp/EOYAmt030733
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01584929
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01694412
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01471783
IRS990/LandBldgEquipCostOrOtherBssAmt03056712
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0WE SERVE OUR COMMUNITIES BY PREVENTING ILLNESS, RESTORING HEALTH AND PROVIDING COMFORT THROUGH EXCEPTIONAL PEOPLE DELIVERING EXCEPTIONAL CARE. ARMC PHYSICIANS CARE DOES SO BY PROVIDING ACCESS TO PRIMARY AND SPECIALTY CARE IN ALAMANCE COUNTY, NC.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0-25508046
IRS990/NetAssetsOrFundBalancesEOYAmt0-34334730
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0109004
IRS990/OccupancyGrp/ProgramServicesAmt0981033
IRS990/OccupancyGrp/TotalAmt01090037
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt016791
IRS990/OfficeExpensesGrp/ProgramServicesAmt0151117
IRS990/OfficeExpensesGrp/TotalAmt0167908
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0649074
IRS990/OtherAssetsTotalGrp/EOYAmt0778136
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0158717
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01428456
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01587173
IRS990/OtherExpensesGrp/Desc0Medical Supplies & Services
IRS990/OtherExpensesGrp/Desc1UTILITIES AND REPAIRS
IRS990/OtherExpensesGrp/Desc2RECRUITMENT-RETENTION & EDU
IRS990/OtherExpensesGrp/Desc3TAXES AND LICENSURE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0260894
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt130468
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt29391
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31516
IRS990/OtherExpensesGrp/ProgramServicesAmt02348051
IRS990/OtherExpensesGrp/ProgramServicesAmt1274213
IRS990/OtherExpensesGrp/ProgramServicesAmt284527
IRS990/OtherExpensesGrp/ProgramServicesAmt313642
IRS990/OtherExpensesGrp/TotalAmt02608945
IRS990/OtherExpensesGrp/TotalAmt1304681
IRS990/OtherExpensesGrp/TotalAmt293918
IRS990/OtherExpensesGrp/TotalAmt315158
IRS990/OtherLiabilitiesGrp/BOYAmt025372406
IRS990/OtherLiabilitiesGrp/EOYAmt033109274
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01064396
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09579562
IRS990/OtherSalariesAndWagesGrp/TotalAmt010643958
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt0162806
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt01465253
IRS990/PaymentsToAffiliatesGrp/TotalAmt01628059
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt067369
IRS990/PayrollTaxesGrp/ProgramServicesAmt0606318
IRS990/PayrollTaxesGrp/TotalAmt0673687
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt047783
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0430050
IRS990/PensionPlanContributionsGrp/TotalAmt0477833
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0MARTIN PORTILLO MD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0621110
IRS990/ProgramServiceRevenueGrp/BusinessCd1621110
IRS990/ProgramServiceRevenueGrp/BusinessCd2621110
IRS990/ProgramServiceRevenueGrp/Desc0PATIENT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1SERVICES TO AFFILIATE ORGANIZATIONS
IRS990/ProgramServiceRevenueGrp/Desc2ALL OTHER PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011096033
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1242073
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2449
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011096033
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1242073
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2449
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt06137057
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt010753197
IRS990/PYRevenuesLessExpensesAmt0-8323716
IRS990/PYSalariesCompEmpBnftPaidAmt012939856
IRS990/PYTotalExpensesAmt019076913
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010753197
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-8826684
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt011338555
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/HospitalInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0660707
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0223902
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0884609
IRS990ScheduleD/EquipmentGrp/BookValueAmt0435152
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01128929
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01564081
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0340248
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0227366
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0567614
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0778136
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED COMPENSATION ASSET
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt035676
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04732
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt040408
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0780949
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt132171486

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,665,036
Liabilities
$36,999,766
Net assets
-$34,334,730
Revenue
$11,338,555
Expenses
$20,165,239
Net income
-$8,826,684
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$67.3$65.1$15.0$18.6$3.62
2023Summary only. Only limited summary data is available for this year.$2.55$64.0$61.5$16.4$20.6$4.25
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$59.4$57.2$14.2$18.5$4.26
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$54.9$52.9$13.0$18.5$5.50
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$49.6$47.4$12.0$17.7$5.74
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.35$44.0$41.7$12.3$19.7$7.35
2018Detailed filing. Detailed filing data is available for this year.$2.67$37.0$34.3$11.3$20.2$8.83
2018Summary only. Only limited summary data is available for this year.$2.67$37.0$34.3$11.3$20.2$8.83
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.03$28.5$25.5$10.8$19.1$8.32
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.13$20.3$17.2$11.5$21.1$9.57
2015Detailed filing. Detailed filing data is available for this year.$2.39$10.0$7.62$11.1$19.0$7.88
2014Summary only. Only limited summary data is available for this year.$2.96$5.12$2.16$9.29$15.8$6.48
2013Summary only. Only limited summary data is available for this year.$2.69$3.61$0.93$5.98$10.1$4.09
2012Summary only. Only limited summary data is available for this year.$2.54$2.67$0.13$7.45$10.9$3.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$1.40$0.07$7.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.17$0.86$1.52