Wright State Physicians Inc
- Assets
- $25.8m
- Revenue
- $29.3m
- Investments
- $0.0
- Employees
- 347
- Location
- Fairborn, OH
- Founding
- 08/1992
- Data as of
- 06/2023
- EIN
- 31-1352092
Organization Overview
Wright State Physicians Inc is located in Fairborn, OH. The organization was established in 1992. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2023, Wright State Physicians Inc employed 347 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wright State Physicians Inc 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 06/2023, Wright State Physicians Inc generated $29.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $28.9m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CLINICAL SERVICES FOR PATIENTS, ENGAGE IN SCIENTIFIC AND MEDICAL RESEARCH, SUPPORT AND ENHANCE THE MEDICAL EDUCATION PROGRAM AT WRIGHT STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CLINICAL SERVICES FOR PATIENTS, ENGAGE IN SCIENTIFIC AND MEDICAL RESEARCH, SUPPORT AND ENHANCE THE MEDICAL EDUCATION PROGRAM AT WRIGHT STATE UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Brown MD Treasurer | OfficerTrustee | 24 | $117,863 |
John C Duby MD Director | Trustee | 24 | $187,280 |
Julie Gentile MD Director | Trustee | 24 | $218,957 |
Glen D Solomon MD Vice President | OfficerTrustee | 24 | $57,216 |
Daniel Swagerty MD Director | Trustee | 24 | $26,000 |
Julian Trevino MD Director | Trustee | 24 | $60,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ferguson Construction Co Construction | 6/29/21 | $572,573 |
Upper Valley Real Property Inv Settlement | 6/29/21 | $216,000 |
Danda Llc Rent | 6/29/21 | $193,491 |
Premier Health Meals And Salaries | 6/29/21 | $140,163 |
Practiceworx Llc Monthly Credentials Mgt | 6/29/21 | $106,950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $29,006,179 |
| Investment income | $165,574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $132,048 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,303,801 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $567,132 |
| 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. | $1,068,916 |
| Compensation of current officers, directors, key employees. | $156,522 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,733,355 |
| Pension plan accruals and contributions | $2,162,846 |
| Other employee benefits | $1,737,785 |
| Payroll taxes | $251,563 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$6,777 |
| Fees for services: Accounting | $46,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,340 |
| Fees for services: Other | $2,212 |
| Advertising and promotion | $64,352 |
| Office expenses | $639,945 |
| Information technology | $214,794 |
| Royalties | $0 |
| Occupancy | $1,250,445 |
| Travel | $409,712 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $328,464 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $487,407 |
| Insurance | $770,300 |
| All other expenses | $0 |
| Total functional expenses | $28,945,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,888,848 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,838,611 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $86,630 |
| Net Land, buildings, and equipment | $8,881,586 |
| Investments—publicly traded securities | $5,203,162 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,870,545 |
| Total assets | $25,769,382 |
| Accounts payable and accrued expenses | $3,867,360 |
| Grants payable | $0 |
| Deferred revenue | $11,825 |
| 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 | $6,375,154 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,263,973 |
| Total liabilities | $12,518,312 |
| Net assets without donor restrictions | $13,251,070 |
| 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 | $25,769,382 |
Grants Awarded
Over the last fiscal year, Wright State Physicians Inc has awarded $475,440 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WRIGHT STATE UNIVERSITY FOUNDATION PURPOSE: SCHOLARSHIP FUNDS | $410,590 |
WRIGHT STATE UNIVERSITY PURPOSE: SCHOLARSHIP FUNDS | $52,850 |
VANGUARD CHARITABLE ENDOWMENT PURPOSE: GENERAL SUPPORT | $12,000 |