Regence Health Network Inc
- Assets
- $33.6m
- Revenue
- $26.5m
- Investments
- $0.0
- Employees
- 234
- Location
- Plainview, TX
- Founding
- 12/1973
- Data as of
- 12/2023
- EIN
- 75-1414940
Organization Overview
Regence Health Network Inc is located in Plainview, TX. The organization was established in 1973. As of 12/2023, Regence Health Network Inc employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regence Health Network 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 12/2023, Regence Health Network Inc generated $26.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $24.7m during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A TRANSFORMATIONAL LEADER IN THE DELIVERY OF INTEGRATED, INNOVATIVE, AND COST EFFECTIVE HEALTH SERVICES; WE REALIZE THIS BY HOLDING OURSELVES ACCOUNTABLE TO THE HIGHEST STANDARDS IN PATIENT SERVICE, SAFETY, AND QUALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGENCE HEALTH NETWORK, INC., (RHN) IS A FULL-SERVICE PRIMARY HEALTHCARE SYSTEM THAT OFFERS AN ARRAY OF SERVICES INCLUDING FAMILY MEDICINE, INTERNAL MEDICINE, PEDIATRIC MEDICINE, WOMEN'S HEALTH, FAMILY DENTAL SERVICES, BEHAVIORAL HEALTH, WIC SERVICES, AND ON-SITE LABORATORY AND PHARMACY SERVICES.
USDA/TDH WIC PROGRAM: SEE A. ABOVE-THIS PROGRAM IS SPECIFICALLY DESIGNED AND FUNDED BY STATE GOVERNMENTAL GRANTS TO PROVIDE FOR WOMEN, INFANTS, AND CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Love CEO | Officer | 40 | $274,207 |
Derek Martin CFO | Officer | 40 | $222,207 |
Michael Hemphill COO | Officer | 40 | $222,207 |
Matt Driskill Cco | Officer | 40 | $147,333 |
Sean Wehrly President | OfficerTrustee | 1 | $0 |
Verlene Dickson Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,191,521 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,858,291 |
| Noncash contributions included in lines 1a–1f | $2,858,291 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,049,812 |
| Total Program Service Revenue | $14,274,255 |
| Investment income | $1,000,074 |
| 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 | $26,548,669 |
| 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. | $4,247,598 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,322,949 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,540,204 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $482,222 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $713,411 |
| Travel | $72,149 |
| 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 | $734,096 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $24,733,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,054,928 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,544,995 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $103,951 |
| Prepaid expenses and deferred charges | $108,860 |
| Net Land, buildings, and equipment | $19,911,158 |
| Investments—publicly traded securities | $9,433,972 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $413,668 |
| Total assets | $33,571,532 |
| Accounts payable and accrued expenses | $2,168,520 |
| 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 | $61,161 |
| Other liabilities | $0 |
| Total liabilities | $2,229,681 |
| Net assets without donor restrictions | $31,341,851 |
| 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 | $33,571,532 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
La Clinica De Familia Incorporated Las Cruces, NM | $51,837,644 | $56,955,322 |
Regence Health Network Inc Plainview, TX | $33,571,532 | $26,548,669 |
El Centro Family Health Espanola, NM | $16,586,508 | $21,895,714 |
Atascosa Health Center Inc Pleasanton, TX | $14,965,966 | $17,378,968 |
Cabun Rural Health Services Inc Hampton, AR | $7,879,821 | $10,461,269 |
Southwestern Louisianna Area Health Education Center Foundation Lafayette, LA | $6,837,087 | $9,901,605 |
South Texas Rural Health Services Inc Cotulla, TX | $16,126,214 | $8,582,735 |
Vida Y Salud-Health Systems Inc Crystal City, TX | $8,498,029 | $6,635,952 |
Texas Rural Health Association Inc Abilene, TX | $57,992 | $0 |
Washington Pfb And Thrift Shop Inc Franklinton, LA | $19,418 | $0 |