Core Physicians LLC
84% goes to programs $0 to raise $100 Thin reserves
Core Physicians LLC is a 501(c)(3) organization based in Exeter, New Hampshire, registered in 2008, with $109,271,594 in FY2023 revenue. CharityIndex grades it C+, and it directs about 84% of spending to programs.
5 Alumni Dr, Exeter, NH, 03833 EIN 87-0807914 Since 2008
Revenue (FY2023)
$109.3M
▲ 15.1% vs prior year
Health median: $840K
Expenses (FY2023)
$152.1M
Net assets
-$16.6M
Employees
893
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating84% to programs · $0 to raise $100
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 Core Physicians LLC: 84% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -39% 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 Core Physicians LLC: 0 mo reserves · -39% margin earns a D on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Core Physicians LLC: 5 of 6 checks met earns a A 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 Core Physicians LLC: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
See schedule o
What they do
In order to support the more complex medical needs of our primary care patients and those of unaffiliated patients from across our service area, core physicians provides a full range of medical and surgical specialties. our areas of specialization include the following: diabetes, plastic surgery, general surgery, orthopedic surgery, vascular surgery, neurology, physiatry, podiatry, gastroenterology, rheumatology, urology, women's health, medical & invasive cardiology, pulmonology, allergy, sleep medicine, acupuncture, infectious disease, comprehensive otolaryngology & audiology, endocrinology,wound care, and lgbtq health.our specialty services continue to expand in order to reflect the changing and growing healthcare needs of our community. core physicians' specialists are board certified. core physicians financial assistance program also extends to cover medically necessary specialist professional services for individuals who meet our eligibility requirements.
The dental program which is currently part of core physicians was originally initiated as a separate affiliated entity in response to a documented gap in the community related to the availability of dental services for children either without insurance or on medicaid. the dental program is one of several "mission based" specialty medical services core physicians provides in the greater seacoast community. currently core physicians has three dentists and eight dental hygienists who provide dental care.
Contact & location
- Address
- 5 Alumni Dr, Exeter, NH, 03833
- City
- Exeter
- State
- New Hampshire
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $70.7M (FY2013) to $109.3M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $53.9MNet assets -$16.6M
Operating margin
-39.2%
Spent more than it raised in the latest fiscal year.
Total assets
$37.3M
Total liabilities
$53.9M
Net assets
-$16.6M
Salaries & benefits
$103.6M
68% of expenses
Board members
10
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $109,271,594▲15.1% | $152,084,393▲13.0% | -$16,641,229▼755% | $37,303,143▲5.1% | 990 |
| 2022 | $94,896,046▲1.4% | $134,581,826▲4.9% | -$1,946,519▲49.2% | $35,503,874▲95.6% | 990 |
| 2021 | $93,545,690▼6.7% | $128,320,808▲3.9% | -$3,834,844▲34.0% | $18,150,860▼6.3% | 990 |
| 2020 | $100,280,879▲28.2% | $123,473,718▲7.1% | -$5,809,133▼9.9% | $19,371,760▼1.1% | 990 |
| 2019 | $78,216,197▼5.8% | $115,259,704▲4.0% | -$5,287,556▼7109% | $19,595,158▲12.1% | 990 |
| 2018 | $82,993,943▼0.5% | $110,782,646▲1.8% | -$73,344▼126% | $17,485,553▲10.7% | 990 |
| 2017 | $83,440,748▲7.9% | $108,866,776▲7.5% | $287,478▼76.0% | $15,791,139▲5.1% | 990 |
| 2016 | $77,343,432▲1.4% | $101,235,986▲7.6% | $1,198,699▼36.5% | $15,027,253▲6.2% | 990 |
| 2015 | $76,280,414▲3.5% | $94,045,472▲5.8% | $1,888,640▲5737% | $14,151,746▲14.6% | 990 |
| 2014 | $73,679,256▲4.2% | $88,884,305▲4.9% | -$33,506▼103% | $12,351,538▲4.8% | 990 |
| 2013 | $70,718,860 | $84,769,693▲2.1% | $1,135,471▼32.6% | $11,783,946▼2.1% | 990 |
| 2012 | — | $83,052,527▲3.1% | $1,683,450▼8.3% | $12,036,172▲6.1% | 990 |
| 2011 | — | $80,591,988▲4.6% | $1,834,900▼54.2% | $11,348,580▼8.7% | 990 |
| 2010 | — | $77,070,802▲8.2% | $4,007,642▼7.2% | $12,427,990▲2.8% | 990 |
| 2009 | — | $71,231,091 | $4,317,260 | $12,089,766 | 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: Clerk Md Avnish — $1,050,010 (0.69% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Clerk Md Avnish | Orthopedic Surgeon | 55 | $1,050,010 |
| Mcgovern Md Thomas | Orthopedic Surgeon | 55 | $958,704 |
| Johnson Md Mph E William | Urologist | 55 | $946,606 |
| Cabral Do Chad | Gastroenterologist | 55 | $945,856 |
| Colman Md Aaron | Orthopedic Surgeon | 55 | $825,715 |
| Lanier Do Melanie | Pres&managing Member (exo), Clin Mgr | 55 | $800,940 |
| Peelman Md Jessica | Managing Member, Clinician Manager | 55 | $731,580 |
| Schaffer Md Michael | Mging Member(ex-off), Clin Mgr & Cmo | 55 | $636,811 |
| Mckee Md Roderick | Managing Member, Clinician Manager | 55 | $536,294 |
| Porter Md Brian | Managing Member, Clinician Manager | 55 | $484,543 |
| Cassetta Sandy | Vp, Finance & Physician Comp | 55 | $469,363 |
| Hennelly Lori | Vp, Operations Core Facilities | 55 | $413,232 |
| Bonesho Md Alexandra | Fmr Chr & Managing Member, Clin Mgr | 0 | $356,884 |
| Pangan Md Michael | Chair & Mging Member, Clin Manager | 55 | $344,226 |
| Dave Md Apara | Managing Member, Clinician Manager | 55 | $337,921 |
| Farrell Md Kathleen | Managing Member, Clinician Manager | 55 | $321,286 |
| Kelly Md Robert | Managing Member, Clinician Manager | 55 | $280,852 |
| Abramson Esq Michael S | Asst Clerk (assoc Gen Counsel, Bilh) | 1 | — |
| Boyd Esq Stephen | Asst Clerk (div Vp Dep Gc Comm Bilh) | 1 | — |
| Casassa Allison J | Mging Member, Asst Treas; (cfo, Ehr) | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Exeter Health Resources Inc | Administrative Mgmt Fees | $4,900,715 |
| Nextgen Healthcare Inc | Billing Software and Support | $2,348,345 |
| Massachusetts General Hospital | Physician Services | $1,706,325 |
| Chg Companies Inc | Physician Services | $902,518 |
| Medicus Healthcare Solution | Physician Services | $864,668 |
Grants received · $108K total
4 grants to Core Physicians LLC totaling $108K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Exeter Hospital Inc | Support behavioral health program and med bridge assistance. | 2018 | $70,986 |
| Exeter Hospital Inc | Reimbursement of expenses incurred supporting "patient assistance program rx" (medication bridge) | 2016 | $11,820 |
| Exeter Hospital Inc | Reimbursement of expenses incurred supporting "patient assistance program rx" (medication bridge) | 2015 | $12,020 |
| Exeter Hospital Inc | Reimbursement of expenses incurred supporting "patient assistance program rx" (medication bridge) | 2014 | $12,732 |
Grants made · $15K in FY2022
2 grants totaling $15K in FY2022. All grants made by Core Physicians LLC →
| Recipient | Purpose | Amount |
|---|---|---|
| Exeter Junior Baseball and Softball League Inc | To develop sportsmanship for the betterment of players' emotional and social well-being. | $8,000 |
| Strawbery Banke Museum | Support museum's mission to promote understanding of the lives of individuals and the value of community through encounters with the history and ongoing preservation of a new england seaport neighborhood. | $6,500 |
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Compare Core Physicians LLC
Frequently asked questions
- Is Core Physicians LLC a legitimate nonprofit?
- Yes. Core Physicians LLC is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 87-0807914, based in Exeter, New Hampshire. Donations are tax-deductible.
- What is Core Physicians LLC's EIN?
- Core Physicians LLC's Employer Identification Number (EIN) is 87-0807914.
- How much revenue does Core Physicians LLC report?
- Core Physicians LLC reported $109,271,594 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Core Physicians LLC's spending goes to programs?
- Core Physicians LLC spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Core Physicians LLC have?
- CharityIndex grades Core Physicians LLC C+, based on program efficiency and fundraising cost.
- How much does Core Physicians LLC's highest-paid employee make?
- The highest reported compensation on Core Physicians LLC's latest Form 990 is $1,050,010, paid to Clerk Md Avnish (Orthopedic Surgeon).
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Data for Core Physicians LLC (EIN 87-0807914) 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.