IRS Form 990 · EIN 81-1807730

Riverbend Medical Group Inc

Hartford, CT 06105-1208 · Tax year 2023

NTEE E32Community Clinic

$75.0M

Total revenue

$94.6M

Total expenses

$-19.6M

Net income

-26.1%

Operating margin

Financial summary

Compared to 4 organizations with NTEE E32 in CT

Avg revenue (peers)

$61.4M

This org:$75.0M

Avg net income (peers)

$-4.3M

This org:$-19.6M

Avg top exec comp (peers)

$487K

This org (highest):$1.1M

12 officers + key employees from the most recent Schedule J filing (FY2022; the financial summary above is FY2023)

Name	Title	Hours/wk	Base comp	Total comp
FREDERIK PENNINGS MD	NEUROSURGEON	50	$1.0M	$1.1M
LAKI ROUSOU MD	THORACIC SURGEON	50	$820K	$862K
ELIE SEMAAN MD	VASCULAR SURGEON	50	$793K	$854K
MARK SPRAGUE MD	MEDICAL DIRECTOR - ORTHOPEDICS	50	$727K	$803K
NATASHA MCKAY MD	NEUROSURGEON	50	$629K	$704K
ANNE SHAIN MD	FORMER OFFICER; PHYSICIAN	0	$424K	$497K
DANIEL KEENAN	FORMER OFFICER; SVP GOV'T RELATIONS	0	—	—
UGO UWAOMA MD	FORMER OFFICER	0	—	—
ROBERT ROOSE MD	DIR; MERCY HOSPITAL CHIEF ADMIN OFFR	1	—	—
MIKE RYAN	DIR, SEC, TREAS; REG VP OF FINANCE	1	—	—
DEBORAH BITSOLI	DIRECTOR; PRESIDENT; CHAIR	1	—	—
JAMES HARRIS	FMR OFFICER; TH OF NE DIR OF REIMB	0	—	—

Revenue and net income trend across all available filings

RevenueNet income

Year	Revenue	Expenses	Net income	Assets
2023	$75.0M	$94.6M	$-19.6M	$44.5M
2022	$77.8M	$96.1M	$-70K	$24.6M
2021	$79.1M	$85.8M	$-6.7M	$29.4M
2020	$66.3M	$83.8M	$-17.5M	$33.0M
2019	$81.2M	$96.7M	$54K	$24.6M
2018	$77.7M	$92.6M	$-14.9M	$22.5M
2017	$70.7M	$82.3M	$-866	$21.6M

This organization appears to be a hospital. Explore additional data sources: