First Choice Physician Partners
- Assets
- $62.4m
- Revenue
- $170.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Dallas, TX
- Founding
- 04/2011
- Data as of
- 12/2021
- EIN
- 27-3597066
Organization Overview
First Choice Physician Partners, operating under the name See Schedule O 109), is located in Dallas, TX. The organization was established in 2011. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, See Schedule O 109) employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O 109) is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, See Schedule O 109) generated $170.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $170.0m during the year ending 12/2021. While expenses have increased by 13.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH CARE SERVICES AND PERFORM MEDICAL AND CLINICAL RESEARCH IN THE PUBLIC INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST CHOICE PHYSICIANS PARTNERS IS ORGANIZED AND OPERATED TO PROMOTE THE HEALTH AND WELL-BEING OF RESIDENTS IN THE COMMUNITIES IT SERVES THROUGH THE PROVISION OF HEALTH CARE IN A CHARITABLE MANNER. THE FOUNDATION PROVIDES HEALTH CARE SERVICES IN APPROXIMATELY TEN DIFFERENT MEDICAL AND SURGICAL SPECIALTIES THROUGH PROFESSIONAL AGREEMENT ARRANGEMENTS WITH BOTH PHYSICIANS AND PROVIDER FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Howard Manager, Market Practice Operations | 40 | $183,817 | |
Absalon Hernandez Manager, Market Practice Operations | 40 | $168,868 | |
Leslee D Schoenberger Manager, Market Practice Operations | 40 | $145,691 | |
Megan Butler Manager, Market Practice Operations | 40 | $135,485 | |
Lisa R Walker Manager, Market Practice Operations | 40 | $132,968 | |
Jeffrey R Henderson Director, President, COO | OfficerTrustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Center Neurorestoration Assoc Administrative & Professional Fees | 12/30/21 | $1,025,730 |
Gahc4 Modesto Ca Mob Llc Administrative & Professional Fees | 12/30/21 | $1,570,161 |
Louka Samy E Md Administrative & Professional Fees | 12/30/21 | $976,806 |
Phat T Trinh Do Inc Administrative & Professional Fees | 12/30/21 | $961,201 |
David Chang Md Inc Administrative & Professional Fees | 12/30/21 | $1,147,282 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $52,200,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,200,000 |
| Total Program Service Revenue | $110,988,966 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,588 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $170,618,554 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,945,006 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $433,015 |
| Payroll taxes | $115,079 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $175,627 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,425,388 |
| Advertising and promotion | $0 |
| Office expenses | $41,454,256 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,875,204 |
| Travel | $73,170 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $180,342 |
| Interest | $244,366 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $600,362 |
| Insurance | $1,211,646 |
| All other expenses | $0 |
| Total functional expenses | $170,011,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,870,092 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,474,283 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $971,206 |
| Prepaid expenses and deferred charges | -$63,082 |
| Net Land, buildings, and equipment | $6,019,787 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $608,303 |
| Other assets | $40,502,171 |
| Total assets | $62,382,760 |
| Accounts payable and accrued expenses | $47,836,097 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $47,836,097 |
| Net assets without donor restrictions | $14,546,663 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $62,382,760 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scott & White Clinic Dallas, TX | $177,643,392 | $977,412,932 |
Texas Childrens Physician Group Houston, TX | $160,365,367 | $546,007,329 |
Memorial Hermann Medical Group Houston, TX | $134,557,707 | $263,043,780 |
Shannon Clinic San Angelo, TX | $41,105,861 | $191,624,814 |
Mercy Clinic Oklahoma Communities Oklahoma City, OK | $24,963,921 | $159,524,064 |
Legacy Community Health Services Inc Houston, TX | $82,992,365 | $226,045,440 |
Barrio Comprehensive Family Health Care Center Inc San Antonio, TX | $98,268,847 | $200,131,439 |
Medhealth Dallas, TX | $39,197,902 | $118,800,257 |
First Choice Physician Partners Dallas, TX | $62,382,760 | $170,618,554 |
Mercy Health Northwest Arkansas Communities Rogers, AR | $87,803,456 | $130,469,258 |
St Vincent Medical Group Little Rock, AR | $55,492,284 | $114,934,419 |
Presbyterian Medical Services Santa Fe, NM | $99,294,238 | $140,365,568 |