NMG SERVICES INC

EIN: 562098809 501(c)(3)

WINSTON SALEM, NC

Total Revenue
$13,440,108
Total Expenses
$13,965,535
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NC
Principal Officer
CARL ARMATO
Phone
3367182803
Tax Period
2019-01-01 to 2019-07-29

NMG SERVICES INC, founded in 1998, is a mid-sized nonprofit that reported $13.4M in total revenue in fiscal year 2019. Revenue fell 38% from the prior year — a significant decline worth monitoring.

Mission

MISSION NOVANT HEALTH EXISTS TO IMPROVE THE HEALTH OF COMMUNITIES, ONE PERSON AT A TIME. VISION WE, THE NOVANT HEALTH TEAM, WILL DELIVER THE MOST REMARKABLE PATIENT EXPERIENCE, IN EVERY DIMENSION, EVERY TIME. VALUES -COMPASSION: WE TREAT OUR CUSTOMERS AND THEIR FAMILIES, STAFF AND OTHER HEALTHCARE PROVIDERS AS FAMILY MEMBERS BY SHOWING THEM KINDNESS, PATIENCE, EMPATHY AND RESPECT. -DIVERSITY AND INCLUSION: WE RECOGNIZE THAT EVERY PERSON IS DIFFERENT, EACH SHAPED BY UNIQUE LIFE EXPERIENCES. THIS ENABLES US TO BETTER UNDERSTAND ONE ANOTHER AND OUR CUSTOMERS. BY ENGAGING THE STRENGTHS AND TALENTS OF EACH TEAM MEMBER, WE ENSURE A STRONG ORGANIZATION CAPABLE OF PROVIDING REMARKABLE HEALTHCARE TO OUR PATIENTS, FAMILIES AND COMMUNITIES. -PERSONAL EXCELLENCE: WE STRIVE TO GROW PERSONALLY AND PROFESSIONALLY, AND WE APPROACH EACH SERVICE OPPORTUNITY WITH A POSITIVE, FLEXIBLE ATTITUDE. HONESTY AND PERSONAL INTEGRITY GUIDE ALL THAT WE DO. -TEAMWORK: THE NEEDS AND EXPECTATIONS OF ANY ONE CUSTOMER ARE GREATER THAN THAT WHICH ONE PERSON'S SERVICE EFFORTS CAN SATISFY. WE SUPPORT EACH OTHER SO THAT TOGETHER AS A TEAM, WE CAN BE SUCCESSFUL IN THE EYE OF THE CUSTOMER AS A QUALITY SERVICE PROVIDER. -COURAGE: WE ACT BOLDLY IN MAKING THE CHANGES NECESSARY TO ACHIEVE OUR MISSION, VISION AND PROMISE OF DELIVERING REMARKABLE HEALTHCARE. OUR PEOPLE WE ARE AN INCLUSIVE TEAM OF PURPOSE-DRIVEN PEOPLE INSPIRED AND UNITED BY OUR PASSION TO CARE FOR EACH OTHER, OUR PATIENTS AND OUR COMMUNITIES. OUR PROMISE TO PATIENTS WE ARE MAKING YOUR HEALTHCARE EXPERIENCE REMARKABLE. WE WILL BRING YOU WORLD-CLASS CLINICIANS, CARE AND TECHNOLOGY - WHEN AND WHERE YOU NEED THEM. WE ARE REINVENTING THE HEALTHCARE EXPERIENCE TO BE SIMPLER, MORE CONVENIENT AND MORE AFFORDABLE, SO THAT YOU CAN FOCUS ON GETTING BETTER AND STAYING HEALTHY.

Program Service Accomplishments

Program 1
Expenses: $1,414,407 Revenue: $1,526,946

NMG SERVICES, INC. OFFERED PHYSICIAN SUPPORT SERVICES. THE ORGANIZATION'S OPERATIONS SERVED THE COMMUNITY BY SUPPORTING PHYSICIANS WHO PROVIDE ACCESS TO MUCH NEEDED HEALTHCARE SERVICES, REGARDLESS OF...

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NMG SERVICES, INC. OFFERED PHYSICIAN SUPPORT SERVICES. THE ORGANIZATION'S OPERATIONS SERVED THE COMMUNITY BY SUPPORTING PHYSICIANS WHO PROVIDE ACCESS TO MUCH NEEDED HEALTHCARE SERVICES, REGARDLESS OF THE PATIENT'S ABILITY TO PAY. THE ENTITY CONVERTED TO A LIMITED LIABILITY COMPANY IN JULY 2019. IT IS WHOLLY OWNED BY NOVANT HEALTH, INC. (NHI), A TAX EXEMPT HEALTHCARE ORGANIZATION, AND ALL CONTINUING OPERATIONS ARE REPORTED ON THE NHI FORM 990.

Program 2
Expenses: $11,913,162 Revenue: $11,913,162

NMG SERVICES, INC., A SUBSIDIARY OF NOVANT HEALTH, INC., OWNED AND OPERATED THE NOVANT HEALTH SYSTEM'S AMBULATORY ELECTRONIC MEDICAL RECORD INITIATIVE. THE ENTITY CONVERTED TO A LIMITED LIABILITY...

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NMG SERVICES, INC., A SUBSIDIARY OF NOVANT HEALTH, INC., OWNED AND OPERATED THE NOVANT HEALTH SYSTEM'S AMBULATORY ELECTRONIC MEDICAL RECORD INITIATIVE. THE ENTITY CONVERTED TO A LIMITED LIABILITY COMPANY IN JULY 2019. IT IS WHOLLY OWNED BY NOVANT HEALTH, INC. (NHI), A TAX EXEMPT HEALTHCARE ORGANIZATION, AND ALL CONTINUING OPERATIONS ARE REPORTED ON THE NHI FORM 990.

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Trantor Score

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

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $13,440,108
Investment Income $0
Other Revenue $0
TOTAL REVENUE $13,440,108

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $13,327,569
Other Expenses $13,965,535
TOTAL EXPENSES $13,965,535

Year-over-Year Comparison

2019 2018 Change
Revenue $13,440,108 $21,783,552 -0.4%
Expenses $13,965,535 $23,238,380 -0.4%
Net Income $-525,427 $-1,454,828 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
5

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
5
$1,191,516
Total Directors
5
$809,338
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
OLIVER PAMELA MD EVP & PRES NHMG 50.00
Officer Director
$0 $160,422 $809,271
PHIPPS JOHN MD FMR EVP & PRES NHMG 0.00
$0 $15,677 $511,584
MOORE ALICE ASST SEC 2.00
Officer
$0 $36,205 $382,245
ELY JOSEPH TRUSTEE 8.00
Director
$0 $0 $67
BARR ROBERT MD CHAIR 10.00
Officer Director
$0 $0 $0
MURPHY DANIEL MD VICE CHAIR 10.00
Officer Director
$0 $0 $0
VALENTINE PEGGY SEC/TREAS 10.00
Officer Director
$0 $0 $0
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
2019 $13,440,108 $13,965,535 No data $-525,427
2018 $21,783,552 $23,238,380 $13,595,291 $-1,454,828
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