METROWEST EMERGENCY PHYSICIANS INC C/O SWAIN HEALTHCARE

EIN: 042739589 501(c)(3) Health Care

MANSFIELD, MA

Total Revenue
$7,853,677
Total Expenses
$8,324,200
Total Assets
$621,760
Net Assets
$165,717
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
MA
Principal Officer
LISA SOTIR PARSONS
Phone
5083831104
Tax Period
2022-07-01 to 2023-06-30

METROWEST EMERGENCY PHYSICIANS INC C/O SWAIN HEALTHCARE, founded in 1981, is a community nonprofit in the Health Care sector that reported $7.9M in total revenue in fiscal year 2022. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE TWENTY-FOUR HOUR PHYSICIAN COVERAGE IN THE EMERGENCY DEPARTMENT OF METROWEST MEDICAL CENTER IN FRAMINGHAM, MASSACHUSETTS.

Program Service Accomplishments

Program 1
Expenses: $7,623,170 Revenue: $7,853,677

TO PROVIDE EMERGENCY MEDICAL CARE TO PATIENTS IN THE METROWEST AREA OF GREATER BOSTON. THE ORGANIZATION ALSO PROVIDES CHARITY CARE TO INDIGENT PATIENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,853,677
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,853,677

Expense Breakdown

Grants Paid $11,392
Salaries & Benefits $5,092,211
Fundraising Expenses $0
Program Expenses $7,623,170
Other Expenses $3,220,597
TOTAL EXPENSES $8,324,200

Year-over-Year Comparison

2022 2021 Change
Revenue $7,853,677 $10,431,065 -0.2%
Expenses $8,324,200 $9,366,640 -0.1%
Net Income $-470,523 $1,064,425 -1.4%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
4
Employees
31
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$886,678
Total Directors
6
$886,678
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA SOTIR PARSONS PRESIDENT/CLERK/DIRECTOR/PHYSICIAN 40.00
Officer Director
$493,875 $75,733 $569,608
KEVIN STONE TREASURER/DIRECTOR/PHYSICIAN 40.00
Officer Director
$259,818 $57,252 $317,070
JIM DIVVER DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL GOTTLIEB DIRECTOR 1.00
Director
$0 $0 $0
LEONARD INKER DIRECTOR 1.00
Director
$0 $0 $0
ALLAN MCLEAN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL VULFOVICH PHYSICIAN 40.00
Highest
$388,965 $62,553 $451,518
MICHAEL CHUNG PHYSICIAN 40.00
Highest
$235,513 $73,896 $309,409
CATHERINE HORWITZ PHYSICIAN 40.00
Highest
$284,143 $72,891 $357,034
PAUL KOTZAMPALTIRIS PHYSICIAN 40.00
Highest
$226,434 $74,185 $300,619
JENNIFER ARTICK PHYSICIAN 40.00
Highest
$242,559 $76,381 $318,940
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $7,853,677 $8,324,200 $621,760 $-470,523
2022 $10,431,065 $9,366,640 $1,143,001 $1,064,425
2021 $9,125,754 $9,315,835 $2,176,730 $-190,081
2020 $12,895,222 $13,666,234 $2,027,405 $-771,012
2019 $13,665,660 $13,798,840 $1,471,796 $-133,180
2018 $14,231,111 $14,596,994 $1,284,800 $-365,883
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