PRINCETON HEALTHCARE AFFILIATED PHYSICIANS PC

EIN: 264203938 501(c)(3) Health Care

PLAINSBORO, NJ

Total Revenue
$48,692,329
Total Expenses
$65,326,558
Total Assets
$3,520,461
Net Assets
$-39,457,961
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NJ
Principal Officer
GUILHERME VALLADARES
Phone
6098537107
Tax Period
2022-07-01 to 2023-06-30

PRINCETON HEALTHCARE AFFILIATED PHYSICIANS PC, founded in 2009, is a mid-sized nonprofit in the Health Care sector that reported $48.7M in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $65.3M exceeded revenue, resulting in a 34% operating deficit.

Mission

THE ORGANIZATION PROVIDES PHYSICIAN SERVICES IN FURTHERANCE OF THE CHARITABLE PURPOSES OF PRINCETON HEALTHCARE SYSTEM, A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.

Program Service Accomplishments

Program 1
Expenses: $59,679,935 Revenue: $48,692,329

STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS PENN MEDICINE PRINCETON MEDICINE PHYSICIANS IS A NETWORK OF BOARD CERTIFIED PHYSICIANS WHO ARE DEDICATED TO EXCELLENCE IN PRIMARY AND SPECIALTY MEDICAL...

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STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS PENN MEDICINE PRINCETON MEDICINE PHYSICIANS IS A NETWORK OF BOARD CERTIFIED PHYSICIANS WHO ARE DEDICATED TO EXCELLENCE IN PRIMARY AND SPECIALTY MEDICAL CARE. PATIENTS OF PRINCETON MEDICINE PHYSICIANS BENEFIT FROM THE ORGANIZATION BEING PART OF PENN MEDICINE - A NATIONALLY RECOGNIZED ACADEMIC MEDICAL CENTER WITH MEDICAL, BEHAVIORAL HEALTH, AND SURGICAL CARE CAPABILITIES. THE HIGHLY-TRAINED PHYSICIANS IN THE PRINCETON MEDICINE PHYSICIANS NETWORK ARE EXPERTS IN THEIR FIELDS AND ARE SKILLED IN THE NON-SURGICAL AND SURGICAL TREATMENT OF ACUTE AND CHRONIC HEALTH CONDITIONS, AS WELL AS PREVENTIVE HEALTHCARE, INCLUDING ROUTINE EXAMS AND HEALTH SCREENINGS. PRINCETON MEDICINE PHYSICIANS PRACTICES INCLUDE SPECIALTIES SUCH AS: BARIATRIC AND METABOLIC SURGERY; BEHAVIORAL HEALTH; CARDIOLOGY; DIGESTIVE HEALTH; EPILEPSY; FAMILY MEDICINE; GASTROENTEROLOGY; GERIATRIC MEDICINE; GYNECOLOGIC ONCOLOGY; GYNECOLOGIC SURGERY; HEMATOLOGY/ONCOLOGY; HOSPITALISTS; INTERNAL MEDICINE; OBSTETRICS AND GYNECOLOGY; PLASTIC SURGERY; PULMONARY MEDICINE; SLEEP MEDICINE; AND THORACIC SURGERY. ACROSS THE PRACTICE LOCATIONS, MEDICARE AND MOST MAJOR INSURANCE PLANS ARE ACCEPTED, INCLUDING NEW PLANS OFFERED THROUGH THE HEALTH INSURANCE MARKETPLACE. PATIENTS CAN MAKE APPOINTMENTS WITH PRINCETON MEDICINE PHYSICIANS PRACTICES BY CALLING A DEDICATED SCHEDULING TELEPHONE NUMBER AND BY VISITING PRINCETONHCS.ORG AND CLICKING A LINK TO ZOCDOC, A THIRD PARTY SCHEDULING SYSTEM. PATIENTS OF PRINCETON MEDICINE PHYSICIANS ARE SEEN IN PERSON AND ALSO HAVE ACCESS TO PENN CONNECTED HEALTH VIRTUAL VISIT. A VIRTUAL VISIT ALLOWS PATIENTS AND THEIR PRINCETON MEDICINE PHYSICIANS PROVIDER TO CONNECT REMOTELY THROUGH A SECURE VIDEO APP, OR VIA TELEPHONE WHEN NECESSARY, FROM THE COMFORT OF THEIR HOME OR OFFICE. THE PRINCETON HEALTH COMMUNITY WELLNESS DEPARTMENT SUPPORTS PRINCETON MEDICINE PHYSICIANS PATIENTS THROUGH A SERIES OF FREE COMMUNITY LECTURES HOSTED BY PRINCETON MEDICINE PHYSICIANS ON A VARIETY OF TOPICS, SUCH AS: - WEIGHT LOSS SURGERY, IS IT RIGHT FOR ME?: SEVERE OBESITY IS A SERIOUS HEALTH CONDITION THAT CAN IMPACT EVERY ASPECT OF YOUR LIFE. IF TRADITIONAL WEIGHT-LOSS METHODS HAVE FAILED, SURGERY MAY BE AN OPTION. THE LECTURE INCLUDES AN OVERVIEW OF TRADITIONAL AND MINIMALLY INVASIVE SURGICAL WEIGHT LOSS OPTIONS, INCLUDING LAPAROSCOPIC GASTRIC BYPASS SURGERY, SLEEVE GASTRECTOMY AND LAPAROSCOPIC STOMACH BANDING, TO HELP YOU MAKE THE CHOICE THAT'S RIGHT FOR YOU. - WHAT YOU NEED TO KNOW ABOUT HIGH BLOOD PRESSURE: HYPERTENSION, OR HIGH BLOOD PRESSURE, PUTS YOU AT RISK FOR MANY OTHER HEALTH CONDITIONS, INCLUDING HEART ATTACK, STROKE, AND KIDNEY DISEASE. JOIN US TO LEARN WHAT YOU CAN DO TO MANAGE YOUR BLOOD PRESSURE, AND THE IMPORTANCE OF TAKING CONTROL OF YOUR HEALTH. - EAT BETTER, SLEEP BETTER: THEY SAY YOU ARE WHAT YOU EAT, BUT DID YOU ALSO KNOW THERE ARE FOODS THAT ARE BEST IF YOU WANT PROPER REST? THIS INFORMATIVE SESSION WILL TEACH YOU WHICH FOODS KEEP YOU UP AT NIGHT AND WHICH ONES HELP YOU SLEEP BETTER. ----------

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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 $48,692,329
Investment Income $0
Other Revenue $0
TOTAL REVENUE $48,692,329

Expense Breakdown

Grants Paid $0
Salaries & Benefits $42,134,254
Fundraising Expenses $0
Program Expenses $59,679,935
Other Expenses $23,192,304
TOTAL EXPENSES $65,326,558

Year-over-Year Comparison

2022 2021 Change
Revenue $48,692,329 $44,833,196 +0.1%
Expenses $65,326,558 $59,705,617 +0.1%
Net Income $-16,634,229 $-14,872,421 +0.1%
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
1
Independent Members
N/A
Employees
415
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
$909,822
Total Directors
1
$421,046
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN HEIM MD PHYSICIAN 55.0
Highest
$770,730 $21,266 $791,996
BUSHRA F MIRZA PHYSICIAN 55.0
Highest
$607,321 $38,817 $646,138
ANISH A SHETH MD PHYSICIAN 55.0
Highest
$626,007 $63 $626,070
KHARE MADHURANI PHYSICIAN 55.0
Highest
$576,948 $37,372 $614,320
LISA MOTAVELLI MD PHYSICIAN 55.0
Highest
$551,369 $36,905 $588,274
GUILHERME VALLADARES MBA TREASURER 5.0
Officer
$0 $34,174 $488,776
KATHRYN ROBISON PRESIDENT, PHAP 55.0
Officer Director
$0 $14,753 $421,046
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $48,692,329 $65,326,558 $3,520,461 $-16,634,229
2022 $44,833,196 $59,705,617 $4,378,401 $-14,872,421
2021 $53,586,457 $63,663,957 $4,748,844 $-10,077,500
2020 $51,384,230 $65,340,831 $6,702,715 $-13,956,601
2019 $54,026,693 $64,464,405 $21,992,427 $-10,437,712
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