Tidalhealth Physician Network Inc
- Assets
- $0.0
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 330
- Location
- Seaford, DE
- Founding
- 04/1988
- Data as of
- 06/2021
- EIN
- 51-0224470
Organization Overview
Tidalhealth Physician Network Inc, operating under the name Nanticoke Physician Network, is located in Seaford, DE. The organization was established in 1988. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 06/2021, Nanticoke Physician Network employed 330 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nanticoke Physician Network 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 06/2021, Nanticoke Physician Network generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (25.8%) each year. All expenses for the organization totaled $5.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (20.6%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TIDALHEALTH PHYSICIAN NETWORK'S MISSION IS TO PROVIDE QUALITY MEDICAL CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tarek Waked Physician | 40 | $1,278,113 | |
William Doran Physician | 40 | $766,908 | |
Stephen Carey Physician | 40 | $536,541 | |
David Cohen Physician | 40 | $473,334 | |
Janet Pedro MD Physician | Officer | 40 | $461,770 |
Ziyad Wadi Physician | 40 | $445,270 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Weatherby Locums Physician Services | 6/29/20 | $376,804 |
Arlene Coleman Ultrasound | 6/29/20 | $111,960 |
Weatherby Locums Physician Services | 6/29/20 | $376,804 |
Arlene Coleman Ultrasound | 6/29/20 | $111,960 |
Dover Behavioral Health Behavioral Health | 6/29/20 | $106,312 |
Dover Behavioral Health Behavioral Health | 6/29/20 | $106,312 |
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 | $3,244,746 |
| 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 | $3,596,862 |
| 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 | $3,756,568 |
| Pension plan accruals and contributions | $146,667 |
| Other employee benefits | $279,285 |
| Payroll taxes | $179,847 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $289,726 |
| Advertising and promotion | $171 |
| Office expenses | $32,258 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $205,062 |
| Travel | $26,646 |
| 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 | $14,140 |
| Insurance | $154,530 |
| All other expenses | $203,873 |
| Total functional expenses | $5,288,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Tidalhealth Physician Network Inc has recieved totaling $27,735,000.
| Awarding Organization | Amount |
|---|---|
Tidalhealth Nanticoke Inc Seaford, DE PURPOSE: TO PROVIDE FUNDS FOR MID-SUSSEX MEDICAL CENTER, INC. | $9,245,000 |
Tidalhealth Nanticoke Inc Seaford, DE PURPOSE: TO PROVIDE FUNDS FOR MID-SUSSEX MEDICAL CENTER, INC. | $9,245,000 |
Tidalhealth Nanticoke Inc Seaford, DE PURPOSE: TO PROVIDE FUNDS FOR MID-SUSSEX MEDICAL CENTER, INC. | $9,245,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Esperanza Health Center Inc Philadelphia, PA | $34,350,817 | $23,421,408 |
Lancaster Health Center Lancaster, PA | $0 | $21,648,108 |
Mazzoni Center Philadelphia, PA | $24,787,446 | $14,538,917 |
Metropolitan Family Health Network Inc Jersey City, NJ | $12,395,268 | $16,965,400 |
Chespenn Health Services Eddystone, PA | $6,797,107 | $12,047,403 |
Primary Care Health Services Pittsburgh, PA | $5,712,042 | $14,223,217 |
Walnut Street Community Health Center Inc Hagerstown, MD | $11,518,989 | $13,154,525 |
Family Health Centers Of Baltimore Inc Baltimore, MD | $5,863,535 | $10,879,969 |
Community Health Net Erie, PA | $6,930,878 | $11,783,007 |
Neighborhood Health Services Corporation Plainfield, NJ | $10,149,721 | $11,884,463 |
East Liberty Family Health Care Center Inc Pittsburgh, PA | $11,587,770 | $11,885,116 |
New Community Health Care Inc Newark, NJ | $1,817,997 | $10,209,644 |