Lake Champlain Physician Services PC FY2020 filing

Tax-deductible

Plattsburgh, NY501(c)(3)Since 2010Health CareEIN 27-3785445

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Lake Champlain Physician Services, p.c. Is a professional Services company formed to further the charitable purposes of Champlain valley physicians' hospital medical center through providing medical Services to the community.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $53K a year · 92% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$86K
299% of total assets
Concern: liabilities are 299% of assets; over 80%.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$25K
Spent
$135K
To programs
100%
Net assets
−$58K
By yearFY2020–FY2024
Revenue
$25K
FY2020
Revenue by fiscal year
FY2020$25K
FY2021$236K
FY2022$22K
FY2023$3K
FY2024$444
FY2024$0
Expenses
$135K
FY2020
Expenses by fiscal year
FY2020$135K
FY2021$289K
FY2022$86K
FY2023$1K
FY2024$37K
FY2024$6K
Net assets
−$58K
FY2020
Net assets by fiscal year
FY2020−$58K
FY2021−$110K
FY2022−$174K
FY2023−$173K
FY2024−$210K
FY2024−$216K

From the FY2020 Form 990 (year ending September 2020) · see the original

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Is it real?

Yes. Revoked May 2013, reinstated. IRS ruling Dec 2013, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Dec 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $135K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Shareholder/Member
$0Pt VII · Sec A
VP of Finance
$0Pt VII · Sec A
President/COO
$0Pt VII · Sec A
Former President & CEO
$0Pt VII · Sec A
See Lake Champlain Physician Services PC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides medical services to the community, supporting a local hospital's charitable mission.

Provided by the organization

This section is blank until Lake Champlain Physician Services PC claims this page.

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1 program service account for $135K of program spending, described in the organization's own filed words · FY2019.
01

Lake champlain physician services, P.C. Provides general medical services to patients.

$135Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$25K
Ln 12
Fees for servicesLn 2g$21K
Gifts and grantsLn 1h$3K
Money outPt IX
$135K
Ln 25
Programscol B$135K
Owns and owesPt X
−$58K
net assets · Ln 32
Cash and savingsLn 1–2$28K
Total assetsLn 16$29K
LiabilitiesLn 26$86K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Fees for servicesLn 2g$21K
Total revenueLn 12$25K
Assets in detailPt X, end of year
CashLn 1$28K
Cash and savings togetherLn 1–2$28K
Other assetsLn 15$72
Total assetsLn 16$29K
LiabilitiesLn 26$86K
Net assetsLn 32−$58K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$90K$28K
Total assetsLn 16$240K$29K
LiabilitiesLn 26$187K$86K
Net assetsLn 32$53K−$58K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$4K$4K
Accounting feesLn 11c$4K$4K
OccupancyLn 16$3K$3K
TravelLn 17$7K$7K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$108K$108K
All other expensesLn 24e$9K$9K
Total functional expensesLn 25$135K$135K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $444$37K−$37K−$210K 990 PDF
FY2023 $3K$1K$1K−$173K 990 PDF
FY2022 $22K$86K−$64K−$174K 990 PDF
FY2021 $236K$289K−$53K−$110K 990 PDF
FY2020 Viewing $25K$135K−$111K−$58K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $24,555 across 4 lines filed
VIII-1f All other contributions, gifts and grants$3,161
VIII-1h Total contributions, gifts and grants$3,161
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,394$21,394
VIII-12 Total revenueRelated to mission $21,394 · Unrelated business $0 · Excluded from tax $0$24,555
Part IX · Statement of functional expenses $135,395 across 7 lines filed
IX-11a Management feesPrograms $3,751$3,751
IX-11c Accounting feesPrograms $3,504$3,504
IX-16 OccupancyPrograms $3,354$3,354
IX-17 TravelPrograms $7,220$7,220
IX-23 InsurancePrograms $1,101$1,101
IX-24 Other expenses (24a–d)Programs $107,600$107,600
IX-24e All other expensesPrograms $8,865$8,865
IX-25 Total functional expensesPrograms $135,395 · Management $0 · Fundraising $0$135,395
Part X · Balance sheet $28,921 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $90,196$27,573
X-4 Accounts receivableStart of year $26,777$1,276
X-15 Other assetsStart of year $123,109$72
X-16 Total assetsStart of year $240,082$28,921
X-25 Other liabilitiesStart of year $186,750$86,429
X-26 Total liabilitiesStart of year $186,750$86,429
X-32 Total net assets or fund balancesStart of year $53,332−$57,508
X-33 Total liabilities and net assetsStart of year $240,082$28,921
Part XI · Reconciliation of net assets −$57,508 net assets at year end
XI-1 Total revenue$24,555
XI-2 Total expenses$135,395
XI-3 Revenue less expenses−$110,840
XI-4 Net assets at start of year$53,332
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$57,508

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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