HEART CENTER OF METRO WEST INC Charity Report

Public IRS 990 nonprofit record

HEART CENTER OF METRO WEST INC

EIN 03-0390670 · Group Health Practices (E31)

What they do

to PROMATE THE HEALTH of THE COMMUNITIES IT SERVES BY PROVIDING CLINICALLY SUPERIOR, COST EFFECTIVE and COORDINATED HEALTH CARE SERVICES for THE PREVENTION, DIAGNOSIS, TREATMENT and CURE of HUMAN DISEASE; and to CONDUCT and CARRY ON THE PRACTICE of MEDICINE and SURGERY and ENGAGE IN ALL SERVICES, RESEARCH and OTHER ACTIVITIES ANCILLARY THERETO, EITHER ALONE or IN ASSOCIATION WITH HOSPITALS, CLINICS or OTHER MEDICAL INSTITUTIONS, ASSOCATIONS, PARTNERSHIPS, CORPORATIONS, FIRMS or INDIVIDUALS, and to RENDER SAID PROFESSIONAL MEDICAL SERVICES to THE GENERAL PUBLIC, or to HOSPITALS, CLINICS AND/OR SIMILAR MEDICAL CENTERS or FACILITIES and to PROFESSIONALLY OVERSEE SAME, ALL SUBJECT to ALL REQUIREMENTS of LAW and IN COMPLIANCE WITH THE ETHICAL STANDARDS of THE MEDICAL PROFESSION, and IN ADDITION, to PROVIDE MEDICAL EDUCATION for PHYSICIANS, MEDICAL STUDENTS, and MEMBERS of THE COMMUNITY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $97.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2020The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders17 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

100.39%of revenue went to mission work97.2% of expenses · Program services

$103.32spent for every $100 of revenueSpending was higher than revenue this year.

2.93%of revenue went to management and office costs2.8% of expenses

$0.25in assets for every $1 spent this yearSome assets cannot be spent right away.

5.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $366,986 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $252,266 for BOBBI FRIED (MANAGER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2020

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$11,040,564

Mission workProgram services$11,083,957100.39% of revenue97.2% of expenses

ManagementOffice and general costs$323,5932.93% of revenue2.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$11,407,550103.32% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2020CurrentExpense mix: 97.2% mission · 2.8% management · 0.0% fundraisingTotal expenses: 103.32% of revenue

2019Expense mix: 97.4% mission · 2.6% management · 0.0% fundraisingTotal expenses: 105.90% of revenue

2018Expense mix: 95.2% mission · 4.8% management · 0.0% fundraisingTotal expenses: 101.26% of revenue

2017Expense mix: 94.1% mission · 5.9% management · 0.0% fundraisingTotal expenses: 100.28% of revenue

2016Expense mix: 94.4% mission · 5.6% management · 0.0% fundraisingTotal expenses: 98.94% of revenue

2015Expense mix: 94.6% mission · 5.4% management · 0.0% fundraisingTotal expenses: 100.47% of revenue

Money in and money out

Revenue$11,040,564

Expenses$11,407,550

Annual shortfall $366,986 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$11,083,957 · 97.2% of expenses

Management and office costs$323,593 · 2.8% of expenses

See all reported dollar amounts

Revenue$11,040,564

Expenses$11,407,550

Assets$2,897,230

Income$9,548,559

Contributions$554,049

Mission work (program services)$11,083,957

Management and general$323,593

Executive compensation (total)$4,688,500

People

Leadership and board

Tax year 2020

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

BOBBI FRIEDMANAGER · 40 hrs/week $252,266Base $240,933 · Other $11,333

MARY OULLETTEOPERATIONS MANAGER · 40 hrs/week $138,701Base $135,413 · Other $3,288

BOBBI COODENURSE PRACTITIONER · 40 hrs/week $127,757Base $124,523 · Other $3,234

CYNTHIA GOSSELINNURSE PRACTITIONER · 40 hrs/week $123,384Base $115,063 · Other $8,321

MARVIN KONSTAM MDPRESIDENT · 1 hrs/week $39,107Base · Other $39,107

CHRISTOPHER GANGEPHYSICIAN/TRUSTEE (UNTIL 6/30/21) · 1 hrs/week $38,879Base · Other $38,879

DONALD LOVECLERK (UNTIL 6/30/21) · 1 hrs/week $38,879Base · Other $38,879

ALAN ROSENPHYSICIAN/TRUSTEE (UNTIL 6/30/21) · 1 hrs/week $38,879Base · Other $38,879

ERIC DAVIDSONPHYSICIAN/TRUSTEE (UNTIL 6/30/21) · 1 hrs/week $38,879Base · Other $38,879

GEORGE KINZFOGLTREASURER (UNTIL 6/30/21) · 1 hrs/week $38,879Base · Other $38,879

JAMES ALDERMANPHYSICIAN/TRUSTEE (UNTIL 6/30/21) · 1 hrs/week $38,862Base · Other $38,862

DAVID YOUNGPHYSICIAN/TRUSTEE (UNTIL 6/30/21) · 1 hrs/week $38,819Base · Other $38,819

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (17)

BOBBI FRIEDMANAGER

MARY OULLETTEOPERATIONS MANAGER

BOBBI COODENURSE PRACTITIONER

CYNTHIA GOSSELINNURSE PRACTITIONER

MARVIN KONSTAM MDPRESIDENT

CHRISTOPHER GANGEPHYSICIAN/TRUSTEE (UNTIL 6/30/21)

DONALD LOVECLERK (UNTIL 6/30/21)

ALAN ROSENPHYSICIAN/TRUSTEE (UNTIL 6/30/21)

ERIC DAVIDSONPHYSICIAN/TRUSTEE (UNTIL 6/30/21)

GEORGE KINZFOGLTREASURER (UNTIL 6/30/21)

JAMES ALDERMANPHYSICIAN/TRUSTEE (UNTIL 6/30/21)

DAVID YOUNGPHYSICIAN/TRUSTEE (UNTIL 6/30/21)

PATRICK BLOMBERGPRESIDENT (UNTIL 6/30/21)

HARVEY GOLDFINEPHYSICIAN/TRUSTEE (UNTIL 6/30/21)

ELIZABETH ASCHERPHYSICIAN/TRUSTEE (UNTIL 6/30/21)

LAUREN RIPLEYCLERK

ASSAD SIDDIQITREASURER

About this charity

Recognized since: January 1993
Location: 99 LINCOLN ST, FRAMINGHAM, MA 01702-6327
County: Middlesex
In care of: ASSAD SIDDIQI
Primary officer: ASSAD SIDDIQI, SENIOR VP AND CFO

How to reach them

Phone(617) 636-5000

Filing and classification

Latest tax year: 2020
Tax period began: October 1, 2020
Return type: 990
Tax preparer: CBIZ MHM LLC
NTEE classification: Group Health Practices (E31)
IRS tax category: Group Health Practices