MHS PRIMARY CARE INC

EIN: 061472743 501(c)(3) Health Care

MIDDLETOWN, CT

Total Revenue
$40,174,294
Total Expenses
$59,610,638
Total Assets
$18,066,090
Net Assets
$-544,704
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
CT
Principal Officer
VINCENT CAPECE JR
Phone
8603586395
Tax Period
2023-10-01 to 2024-09-30

MHS PRIMARY CARE INC, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $40.2M in total revenue in fiscal year 2023. Expenses of $59.6M exceeded revenue, resulting in a 48% operating deficit.

Mission

ALL MHSPC PROVIDERS ARE DEDICATED COMMUNITY HEALTHCARE PROFESSIONALS WHOSE TOP PRIORITY IS PROVIDING PATIENTS AND THEIR FAMILIES WITH THE VERY BEST CARE POSSIBLE WITH MANY PHYSICIANS WITH UNIQUE SPECIALTIES.

Program Service Accomplishments

Program 1
Expenses: $24,441,122 Revenue: $22,517,203

MHS PRIMARY CARE OFFICES PROVIDE PATIENTS WITH SKILLED PRIMARY CARE PHYSICIANS, ADVANCED PRIMARY CARE, DIAGNOSIS AND TREATMENT. THERE ARE ELEVEN OFFICES LOCATED IN CHESTER, CROMWELL, DURHAM, EAST...

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MHS PRIMARY CARE OFFICES PROVIDE PATIENTS WITH SKILLED PRIMARY CARE PHYSICIANS, ADVANCED PRIMARY CARE, DIAGNOSIS AND TREATMENT. THERE ARE ELEVEN OFFICES LOCATED IN CHESTER, CROMWELL, DURHAM, EAST HADDAM, ESSEX, MADISON, MIDDLETOWN, OLD SAYBROOK, PORTLAND, AND WESTBROOK, CT.IN MARCH 2020, THE PRESIDENT OF THE UNITED STATES ISSUED A PROCLAMATION DECLARING A NATIONAL EMERGENCY CONCERNING THE NOVEL CORONAVIRUS (COVID-19) OUTBREAK. MHS PRIMARY CARE CONTINUED TO BE A VITAL SUPPORT TO THE COMMUNITY AS IT STRUGGLED WITH COVID-19 AND CONTINUED TO PROVIDE CARE TO ALL PATIENTS EITHER IN PERSON OR THROUGH VIRTUAL VISITS. IN A SUPPLEMENTAL ROLE, SEVERAL OF THE MHS PRIMARY CARE OFFICES PROVIDED COVID-19 VACCINES AND OR COVID-19 TESTING.

Program 2
Expenses: $11,316,235 Revenue: $4,597,749

MHS SURGICAL ALLIANCE IS A TEAM OF THE MOST HIGHLY SKILLED AND EXPERTLY TRAINED SURGICAL SPECIALISTS AND SUB-SPECIALISTS IN THE MIDDLESEX COUNTY, CT AREA. THESE SURGEONS, MANY OF WHOM ARE PROFESSORS...

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MHS SURGICAL ALLIANCE IS A TEAM OF THE MOST HIGHLY SKILLED AND EXPERTLY TRAINED SURGICAL SPECIALISTS AND SUB-SPECIALISTS IN THE MIDDLESEX COUNTY, CT AREA. THESE SURGEONS, MANY OF WHOM ARE PROFESSORS AND PUBLISHERS IN THEIR AREA OF EXPERTISE, HAVE DECADES OF COMBINED EXPERIENCE IN PERFORMING A WIDE RANGE OF COMPLEX GYNECOLOGIC, THORACIC SURGERY, COLORECTAL SURGERY, BREAST AND GENERAL SURGICAL PROCEDURES. THERE ARE TWO MAIN OFFICES IN MIDDLETOWN AND SATELLITE OFFICES IN MADISON, WESTBROOK, NEW LONDON, AND MARLBOROUGH.

Program 3
Expenses: $3,168,597 Revenue: $3,256,897

MHS URGENT CARE OFFICES PROVIDE PATIENTS WITH CONVENIENT AND LOW-COST CARE FOR NON-LIFE-THREATENING ISSUES SUCH AS COLDS, COUGHS, EARACHES, MODERATE FEVERS, MINOR CUTS, BRUISES, SEVERE SPRAINS AND...

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MHS URGENT CARE OFFICES PROVIDE PATIENTS WITH CONVENIENT AND LOW-COST CARE FOR NON-LIFE-THREATENING ISSUES SUCH AS COLDS, COUGHS, EARACHES, MODERATE FEVERS, MINOR CUTS, BRUISES, SEVERE SPRAINS AND MORE. THERE IS ONE URGENT CARE SITE IN MIDDLETOWN AND A SECOND URGENT CARE SITE IN OLD SAYBROOK.MHS URGENT CARE'S ACTIVITIES EXPANDED IN 2020 TO AID WITH THE INTERNATIONAL PANDEMIC SURROUNDING COVID-19. ASIDE FROM BEING ON THE FOREFRONT OF MAINTAINING ALL CDC PROTOCOLS TO PROTECT PATIENTS DURING THE CRISIS MHS URGENT CARE HELPED THE COMMUNITY BY PERFORMING COVID-19 TESTING.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $40,238,902
Investment Income $-80,234
Other Revenue $15,626
TOTAL REVENUE $40,174,294

Expense Breakdown

Grants Paid $0
Salaries & Benefits $46,437,298
Fundraising Expenses $0
Program Expenses $50,575,652
Other Expenses $13,173,340
TOTAL EXPENSES $59,610,638

Year-over-Year Comparison

2023 2022 Change
Revenue $40,174,294 $37,329,000 +0.1%
Expenses $59,610,638 $57,175,887 +0.0%
Net Income $-19,436,344 $-19,846,887 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
12
Employees
478
Volunteers
12

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
6
$2,557,704
Total Directors
13
$1,792,786
Key Employees
1
$427,805
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID C BENOIT DIRECTOR 1.00
Director
$0 $0 $0
VINCENT CAPECE JR PRESIDENT/CEO/DIRECTOR 1.00
Officer Director
$0 $327,312 $1,792,786
JEAN M D'AQUILA DIRECTOR 1.00
Director
$0 $0 $0
JOHN J GAUTHIER DIRECTOR 1.00
Director
$0 $0 $0
ROBERT C HINTON DIRECTOR 1.00
Director
$0 $0 $0
CHANDLER J HOWARD VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
JONATHAN D LEVINE MD SECRETARY 1.00
Officer Director
$0 $0 $0
MARK D LORENZE ASST. SECRETARY 1.00
Officer Director
$0 $0 $0
DARRELL G PATASKA CHAIRMAN 1.00
Officer Director
$0 $0 $0
CHRISTINE H REPASY DIRECTOR 1.00
Director
$0 $0 $0
GARY M WALLACE DIRECTOR 1.00
Director
$0 $0 $0
MARK BERTOLAMI DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH G JUDD DIRECTOR (JOINED 6/2024) 1.00
Director
$0 $0 $0
SUSAN MARTIN TREASURER 1.00
Officer
$0 $68,827 $764,918
DAVID GLADSTONE PRESIDENT OF MMG 40.00
Key Emp
$349,163 $78,642 $427,805
JONATHAN ARANOW SURGEON 40.00
Highest
$666,001 $59,742 $725,743
DANA KIVLIN PHYSICIAN 40.00
Highest
$498,853 $55,223 $554,076
RICHARD FRINK PHYSICIAN 40.00
Highest
$539,618 $50,358 $589,976
EDWARD MYER UROLOGIST 40.00
Highest
$535,525 $53,592 $589,117
TIMOTHY SIEGRIST UROLOGIST 40.00
Highest
$514,312 $59,092 $573,404
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
2024 $40,174,294 $59,610,638 $18,066,090 $-19,436,344
2023 $37,329,000 $57,175,887 $14,118,894 $-19,846,887
2022 $34,450,564 $52,090,036 $12,918,351 $-17,639,472
2021 $33,843,223 $48,048,046 $15,353,098 $-14,204,823
2020 $26,486,520 $44,021,408 $7,814,881 $-17,534,888
2019 $28,660,348 $41,593,204 $9,551,663 $-12,932,856
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