Circle Health Physicians Inc
92% goes to programs
Circle Health Physicians Inc is a 501(c)(3) organization based in Lowell, Massachusetts, registered in 2011, with $75,053,901 in FY2023 revenue. CharityIndex grades it C+, and it directs about 92% of spending to programs.
295 Varnum Ave, Lowell, MA, 01854 EIN 27-3902914 Since 2011
Revenue (FY2023)
$75.1M
▲ 4.4% vs prior year
Health median: $840K
Expenses (FY2023)
$96.2M
Net assets
$22.3M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating92% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Circle Health Physicians Inc: 92% to programs earns a A+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating3 mo reserves · -28% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Circle Health Physicians Inc: 3 mo reserves · -28% margin earns a D on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Circle Health Physicians Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Circle Health Physicians Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
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.
What they do
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.
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.
Lgh cancercare associates is a physician practice providing comprehensive cancer care to support the hospital's cancer program.
Contact & location
- Address
- 295 Varnum Ave, Lowell, MA, 01854
- City
- Lowell
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $28.9M (FY2013) to $75.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $9.1MNet assets $22.3M
Operating margin
-28.1%
Spent more than it raised in the latest fiscal year.
Total assets
$31.3M
Total liabilities
$9.1M
Net assets
$22.3M
Salaries & benefits
$66.8M
69% of expenses
Board members
3
1 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $75,053,901▲4.4% | $96,157,334▲9.8% | $22,273,155▲182% | $31,343,553▲25.5% | 990 |
| 2022 | $71,900,029▲4.8% | $87,593,673▲9.5% | -$27,287,812▼45.4% | $24,975,751▲11.6% | 990 |
| 2021 | $68,600,363▼12.1% | $80,006,807▼4.7% | -$18,771,716▼926% | $22,386,321▼9.3% | 990 |
| 2020 | $78,082,073▲24.4% | $83,922,409▲21.9% | -$1,829,456▼117% | $24,693,078▼6.5% | 990 |
| 2019 | $62,760,734▲27.0% | $68,820,965▲11.7% | $10,936,134▲2152% | $26,412,271▲112% | 990 |
| 2018 | $49,416,984▲7.6% | $61,590,621▲12.3% | $485,670▲43.0% | $12,464,968▼2.1% | 990 |
| 2017 | $45,939,997▲18.4% | $54,848,827▲13.0% | $339,648▲57.5% | $12,738,532▲18.4% | 990 |
| 2016 | $38,813,661▲0.5% | $48,550,448▲7.2% | $215,615▼18.1% | $10,761,222▼6.5% | 990 |
| 2015 | $38,628,734▲6.7% | $45,303,884▲6.6% | $263,392▲225% | $11,507,158▲9.7% | 990 |
| 2014 | $36,208,996▲25.4% | $42,492,274▲32.0% | -$211,091▼202% | $10,486,763▲22.3% | 990 |
| 2013 | $28,879,439 | $32,187,183▲13.0% | $206,171▲124% | $8,575,474▲5.3% | 990 |
| 2012 | — | $28,477,395▲6.8% | -$868,150▼342% | $8,147,055▼2.1% | 990 |
| 2011 | — | $26,674,719▲39.2% | $358,921▲150% | $8,324,319▲100.0% | 990 |
| 2010 | — | $19,159,372 | -$712,294 | $4,162,227 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Michael Bertos — $1,034,639 (1.08% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Bertos | Physician | 50 | $1,034,639 |
| Louis Bresnick | Physician | 50 | $1,007,060 |
| Kirk Macnaught | Physician | 50 | $783,745 |
| James Waters | Physician | 50 | $781,606 |
| Omar Ali | Physician | 50 | $773,347 |
| Amy Hoey | President, Evp/coo | 1 | — |
| Andrew Devoe | Treasurer/cfo | 1 | — |
| Joseph White | Fmr. President/ceo (until 9/23) | 0 | — |
| Michael Dubuque | Clerk | 1 | — |
| Susan Green | Fmr. Sr. Vp & Cfo & Treas. | 0 | — |
| William F Wyman | Fmr Sr Vp of Ops/treas/asst Clerk | 0 | — |
| Zachary Redmond Esq | Secretary | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Service Master of Middlesex County | Janitorial Cleaning | $290,998 |
| Md Office Manager LLC | Management Service Provider | $125,167 |
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Frequently asked questions
- Is Circle Health Physicians Inc a legitimate nonprofit?
- Yes. Circle Health Physicians Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-3902914, based in Lowell, Massachusetts. Donations are tax-deductible.
- What is Circle Health Physicians Inc's EIN?
- Circle Health Physicians Inc's Employer Identification Number (EIN) is 27-3902914.
- How much revenue does Circle Health Physicians Inc report?
- Circle Health Physicians Inc reported $75,053,901 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Circle Health Physicians Inc's spending goes to programs?
- Circle Health Physicians Inc spends about 92% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Circle Health Physicians Inc have?
- CharityIndex grades Circle Health Physicians Inc C+, based on program efficiency and fundraising cost.
- How much does Circle Health Physicians Inc's highest-paid employee make?
- The highest reported compensation on Circle Health Physicians Inc's latest Form 990 is $1,034,639, paid to Michael Bertos (Physician).
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Data for Circle Health Physicians Inc (EIN 27-3902914) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.