Ths Physician Partners Inc
- Assets
- $4.6m
- Revenue
- $23.8m
- Investments
- $0.0
- Employees
- 0
- Location
- South Charleston, WV
- Founding
- 03/2014
- Data as of
- 09/2021
- EIN
- 45-4395947
Organization Overview
Ths Physician Partners Inc is located in South Charleston, WV. The organization was established in 2014. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ths Physician Partners 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 09/2021, Ths Physician Partners Inc generated $23.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $31.7m during the year ending 09/2021. While expenses have increased by 3.8% per year over the past 6 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
TO ESTABLISH, SUPPORT, MANAGE, AND FURNISH FACILITIES, PERSONNEL, AND SERVICES TO PROVIDE DIAGNOSTIC, THERAPEUTIC, WELLNESS, HEALTH PROMOTION, AND OTHER PROFESSIONAL MEDICAL SERVICES TO THE SICK AND INJURED RESIDENTS OF THE KANAWHA VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THOMAS HEALTH SYSTEM PHYSICIAN PARTNERS, INC. IS A MULTI- SPECIALTY PHYSICIAN GROUP THAT CONSIST OF 50 PHYSICIANS AND 27 MID-LEVEL PROVIDERS BY THE END OF 2021. CARE WAS PROVIDED TO OVER 169,300 PATIENTS FOR THE FISCAL YEAR ENDED 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Narender R Jogenpalley MD Physician | 40 | $880,127 | |
Matthew Stover DO Physician | 40 | $740,460 | |
Freddie Persinger MD Physician | 40 | $623,648 | |
Luke Martin MD Physician | 40 | $598,575 | |
Bruce Haupt MD Physician | 40 | $581,631 | |
Daniel Lauffer Director/thomas Health Pre | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenway Medical Billing Medical Billing Services | 9/29/18 | $1,199,513 |
Michael Boustany Professional Service Agreement | 9/29/18 | $127,262 |
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 | $22,256,191 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,777,461 |
| 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 | $20,588,188 |
| Pension plan accruals and contributions | $636,636 |
| Other employee benefits | $949,606 |
| Payroll taxes | $982,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,329 |
| 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 | $5,285,470 |
| Advertising and promotion | $0 |
| Office expenses | $302,052 |
| Information technology | $12,878 |
| Royalties | $0 |
| Occupancy | $275,165 |
| Travel | $5,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,352 |
| Insurance | -$717,552 |
| All other expenses | $52,532 |
| Total functional expenses | $31,695,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,264,669 |
| 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 | $260,819 |
| Net Land, buildings, and equipment | $37,615 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,600 |
| Total assets | $4,628,803 |
| Accounts payable and accrued expenses | $2,704,025 |
| 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 | $2,704,025 |
| Net assets without donor restrictions | $1,924,778 |
| 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 | $4,628,803 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Augusta Medical Group Fishersville, VA | $6,939,419 | $62,512,454 |
Hr Physician Services Huntingdon Valley, PA | $97,551,934 | $52,907,501 |
Behavioral Health Of Cambria County Johnstown, PA | $13,438,306 | $53,814,603 |
Health Help Incorporated Richmond, KY | $35,757,243 | $45,414,007 |
Person Directed Supports Inc Whitehall, PA | $7,470,318 | $33,920,174 |
Ths Physician Partners Inc South Charleston, WV | $4,628,803 | $23,777,461 |
Johns Hopkins Pediatrics At Home Inc Baltimore, MD | $8,188,669 | $32,041,526 |
St Lukes Holding Company Inc Maumee, OH | $11,225,984 | $28,804,739 |
Lake Health-University Hospitals Seidman Cancer Ctr Physicians Inc Shaker Heights, OH | $2,908,602 | $19,851,362 |
Union County Physician Corporation Marysville, OH | $3,364,859 | $21,172,435 |
Lifeskills Health Services Inc Bowling Green, KY | $5,258,261 | $22,046,211 |
Cgfns International Inc Philadelphia, PA | $30,792,316 | $24,149,572 |