Northeast Medical Group Inc
501(c)(3) Donations tax-deductible
89% goes to programs Thin reserves Growing revenue
Northeast Medical Group Inc is a 501(c)(3) organization based in Stratford, Connecticut, registered in 1993, with $646,981,106 in FY2023 revenue. CharityIndex grades it B, and it directs about 89% of spending to programs.
99 Hawley Lane, Stratford, CT, 06614 EIN 06-1330992 Since 1993
Revenue (FY2023)
$647.0M
▲ 4.0% vs prior year
Expenses (FY2023)
$643.5M
Net assets
$12.6M
Employees
2,963
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
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 →AProgram efficiency40% of the rating89% 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 Northeast Medical Group Inc: 89% to programs earns a A on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · +1% 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 Northeast Medical Group Inc: 0 mo reserves · +1% margin earns a C 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 Northeast Medical Group Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Northeast Medical Group Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To render and promote a high quality of medical care services.
Contact & location
- Address
- 99 Hawley Lane, Stratford, CT, 06614
- City
- Stratford
- State
- Connecticut
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $199.3M (FY2013) to $647.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $105.2MNet assets $12.6M
Operating margin
0.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$117.8M
Total liabilities
$105.2M
Net assets
$12.6M
Salaries & benefits
$417.6M
65% of expenses
Board members
3
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $646,981,106▲4.0% | $643,491,122▲4.0% | $12,639,676 | $117,817,471▼6.4% | 990 |
| 2022 | $622,038,542▲10.9% | $618,960,667▲10.9% | $12,639,676 | $125,917,200▲0.1% | 990 |
| 2021 | $560,798,299▲7.8% | $557,921,895▲9.3% | $12,639,676▼5.9% | $125,847,440▲26.0% | 990 |
| 2020 | $520,118,804▲9.0% | $510,651,510▲5.9% | $13,425,181▲122% | $99,889,150▼20.5% | 990 |
| 2019 | $477,080,452▲2.7% | $482,197,487▲6.7% | $6,035,185▼61.6% | $125,652,099▲71.8% | 990 |
| 2018 | $464,492,160▲9.9% | $452,100,930▲8.9% | $15,724,005▲96.8% | $73,156,354▲32.4% | 990 |
| 2017 | $422,633,292▲6.2% | $415,043,734▲4.8% | $7,990,050▲88.0% | $55,247,447▲11.0% | 990 |
| 2016 | $398,107,192▲29.7% | $395,892,802▲14.0% | $4,249,186▼7.6% | $49,792,346▲17.8% | 990 |
| 2015 | $307,010,206▲11.0% | $347,319,488▲5.8% | $4,597,194▲11.3% | $42,253,885▼11.1% | 990 |
| 2014 | $276,599,873▲38.8% | $328,413,933▲35.2% | $4,131,054 | $47,523,035▲66.6% | 990 |
| 2013 | $199,349,372 | $242,848,010▲24.7% | $4,131,054▲60.8% | $28,521,365▲9.3% | 990 |
| 2012 | — | $194,709,204▲42.7% | $2,568,915 | $26,085,192▲53.4% | 990 |
| 2011 | — | $136,437,753▲39.4% | $2,568,915 | $17,008,423▲38.7% | 990 |
| 2010 | — | $97,868,751 | $2,568,915 | $12,260,606 | 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: Amit Lahav — $2,041,678 (0.32% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Amit Lahav | Physician | 40 | $2,041,678 |
| Michael Gazes | Physician | 40 | $1,491,101 |
| Steven Kardos | Physician | 40 | $1,205,421 |
| David Brill | Physician | 40 | $1,004,042 |
| Amit Khanna | Physician | 40 | $932,390 |
| Richard Goldstein | Trusteesvp Physician Ent, Trustee | 39 | $872,129 |
| Gail Kosyla | Treasurer | 1 | — |
| Jennifer Willcox | Former Officer | 0 | — |
| Margaret Mcgovern | President/trustee | 1 | — |
| Pamela Sutton-wallace | Secretary/trustee | 1 | — |
| Patrick Green | Former Trustee (current Yr Comp) | 0 | — |
| Patrick Green | Former Trustee (vested Deferred) | 0 | — |
| Thomas Balcezak | Trustee (vested Deferred) | 1 | — |
| Thomas Balcezak | Trustee (current Yr Comp) | 1 | — |
| William Aseltyne | Assoc Sec (vested Deferred) | 1 | — |
| William Aseltyne | Assoc Sec (current Yr Comp) | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Primed LLC | Medical Service | $41,580,106 |
| Cardiac Specialists of Ffld | Medical Service | $24,467,566 |
| Connecticut Medical Group | Medical Service | $14,190,457 |
| New London Ob-gyn Midwifery LLC | Medical Service | $3,870,389 |
| Urological Assoc of Bridgeport | Medical Service | $3,437,210 |
Grants received · $29K total
1 grant to Northeast Medical Group Inc totaling $29K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Yale University | Subaward - sponsored research | 2023 | $28,815 |
Frequently asked questions
- Is Northeast Medical Group Inc a legitimate nonprofit?
- Yes. Northeast Medical Group Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 06-1330992, based in Stratford, Connecticut. Donations are tax-deductible.
- What is Northeast Medical Group Inc's EIN?
- Northeast Medical Group Inc's Employer Identification Number (EIN) is 06-1330992.
- How much revenue does Northeast Medical Group Inc report?
- Northeast Medical Group Inc reported $646,981,106 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Northeast Medical Group Inc's spending goes to programs?
- Northeast Medical Group Inc spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Northeast Medical Group Inc have?
- CharityIndex grades Northeast Medical Group Inc B, based on program efficiency and fundraising cost.
- How much does Northeast Medical Group Inc's highest-paid employee make?
- The highest reported compensation on Northeast Medical Group Inc's latest Form 990 is $2,041,678, paid to Amit Lahav (Physician).
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Data for Northeast Medical Group Inc (EIN 06-1330992) 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.