Riverbend Medical Group Inc
94% goes to programs Thin reserves Growing revenue
Riverbend Medical Group Inc is a 501(c)(3) organization based in Hartford, Connecticut, registered in 2017, with $92,819,947 in FY2023 revenue. CharityIndex grades it C+, and it directs about 94% of spending to programs.
114 Woodland St Ms 105-103-58, Hartford, CT, 06105 EIN 81-1807730 Since 2017
Revenue (FY2023)
$92.8M
▲ 23.7% vs prior year
Health median: $840K
Expenses (FY2023)
$114.6M
Net assets
-$22.1M
Employees
782
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 rating94% 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 Riverbend Medical Group Inc: 94% to programs earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -23% 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 Riverbend Medical Group Inc: 0 mo reserves · -23% 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 Riverbend 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 Riverbend Medical Group Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide health care services
Contact & location
- Address
- 114 Woodland St Ms 105-103-58, Hartford, CT, 06105
- City
- Hartford
- State
- Connecticut
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $70.7M (FY2016) to $92.8M (FY2023) across 8 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $37.7MNet assets -$22.1M
Operating margin
-23.4%
Spent more than it raised in the latest fiscal year.
Total assets
$15.7M
Total liabilities
$37.7M
Net assets
-$22.1M
Salaries & benefits
$88.7M
77% of expenses
Board members
3
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $92,819,947▲23.7% | $114,561,918▲21.1% | -$22,060,188▼66.8% | $15,672,293▼64.8% | 990 |
| 2022 | $75,039,175▼3.5% | $94,607,161▼1.5% | -$13,229,204▼126% | $44,506,949▲81.0% | 990 |
| 2021 | $77,757,403▼1.7% | $96,083,522▲11.9% | -$5,845,681▲89.9% | $24,586,371▼16.5% | 990 |
| 2020 | $79,136,348▲19.3% | $85,848,954▲2.4% | -$58,128,284▼12.7% | $29,434,507▼10.8% | 990 |
| 2019 | $66,323,317▼18.3% | $83,829,056▼13.3% | -$51,580,552▼70.8% | $33,011,946▲34.4% | 990 |
| 2018 | $81,191,006▲4.5% | $96,670,337▲4.4% | -$30,199,697▼100% | $24,571,121▲9.0% | 990 |
| 2017 | $77,683,161▲9.8% | $92,591,637▲12.5% | -$15,062,898▼2811% | $22,534,917▲4.4% | 990 |
| 2016 | $70,724,238 | $82,339,161 | -$517,426 | $21,585,186 | 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: Elie Semaan Md — $975,455 (0.85% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Elie Semaan Md | Vascular Surgeon | 50 | $975,455 |
| Bernita Spagnoli Md | Radiologist | 50 | $923,973 |
| Halim Muslu Md | Gastroenterologist | 50 | $825,403 |
| Laki Rousou Md | Thoracic Surgeon | 50 | $816,059 |
| Viriato Fiallo Md | Bariatric Surgeon | 49 | $809,660 |
| Anne Shain Md | Former Officer; Internist | 50 | $574,321 |
| Daniel Keenan | Former Officer; Svp Gov't Relations | 0 | — |
| Deborah Bitsoli | Director; President; Chair | 1 | — |
| James Harris | Fmr Officer; Th of Ne Dir of Reimb | 0 | — |
| Mike Ryan | Dir, Sec, Treas; Reg Vp of Finance | 1 | — |
| Robert Roose Md | Director; Mercy Hospital President | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Medicus Radiology Services LLC | Physician Services | $1,282,736 |
| Performance Environ Services LLC | Janitorial Services | $567,015 |
| Crown Linen Service Inc | Laundry Serices | $504,276 |
| Sharecare Health Data Svcs LLC | Data Services | $283,008 |
| Corporate Mailing Services LLC | Mail Services | $191,755 |
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Compare Riverbend Medical Group Inc
Frequently asked questions
- Is Riverbend Medical Group Inc a legitimate nonprofit?
- Yes. Riverbend Medical Group Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 81-1807730, based in Hartford, Connecticut. Donations are tax-deductible.
- What is Riverbend Medical Group Inc's EIN?
- Riverbend Medical Group Inc's Employer Identification Number (EIN) is 81-1807730.
- How much revenue does Riverbend Medical Group Inc report?
- Riverbend Medical Group Inc reported $92,819,947 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Riverbend Medical Group Inc's spending goes to programs?
- Riverbend Medical Group Inc spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Riverbend Medical Group Inc have?
- CharityIndex grades Riverbend Medical Group Inc C+, based on program efficiency and fundraising cost.
- How much does Riverbend Medical Group Inc's highest-paid employee make?
- The highest reported compensation on Riverbend Medical Group Inc's latest Form 990 is $975,455, paid to Elie Semaan Md (Vascular Surgeon).
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Data for Riverbend Medical Group Inc (EIN 81-1807730) 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.