Abingdon Physician Partners
- Assets
- $3.1m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 111
- Location
- Johnson City, TN
- Founding
- 06/2009
- Data as of
- 06/2023
- EIN
- 20-5485346
Organization Overview
Abingdon Physician Partners is located in Johnson City, TN. The organization was established in 2009. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2023, Abingdon Physician Partners employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abingdon Physician Partners 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, Abingdon Physician Partners generated $14.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $14.2m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION: HONOR THOSE WE SERVE BY DELIVERING THE BEST POSSIBLE CARE
Describe the Organization's Program Activity:
ABINGDON PHYSICIAN PARTNERS (APP) WAS CREATED TO AUGMENT JOHNSTON MEMORIAL HOSPITAL'S EXEMPT PURPOSE OF RESPONDING TO THE HEALTHCARE NEEDS OF INDIVIDUALS AND COMMUNITIES IN ITS SERVICE AREA. TO PROMOTE THE GENERAL HEALTH AND WELFARE OF THE COMMUNITIES SERVED, THE CORPORATION HAS MORE THAN 10 PRIMARY CARE, GENERAL SURGERY, ORTHOPEDIC, GYNECOLOGY, AND ONCOLOGY CLINICS.MULTIPLE APP CLINICS ALSO SERVE AS OUTPATIENT TEACHING LOCATIONS FOR FAMILY MEDICINE AND INTERNAL MEDICINE RESIDENCY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Levine Bh Presceo Director, Chair | OfficerTrustee | 1 | $0 |
Marvin Eichorn Bh Evpcao Director | OfficerTrustee | 1 | $0 |
Eric Deaton Bh Evpcoo Director | OfficerTrustee | 1 | $0 |
Tim Belisle Bh Evpgen Cnsl Director, Secretary End July 2022 | OfficerTrustee | 1 | $0 |
Andrew Wampler Bh Gen Cnsl Director, Secretary End April 2023 | OfficerTrustee | 1 | $0 |
Julie Bennett Clogovnc Offcr Director, Secretary Beg April 2023 | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,534 |
| 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 | $9,534 |
| Total Program Service Revenue | $14,198,185 |
| Investment income | $127 |
| 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 | $14,207,933 |
| 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 | $7,476,395 |
| Pension plan accruals and contributions | $245,355 |
| Other employee benefits | $806,417 |
| Payroll taxes | $412,654 |
| 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 | $2,250,084 |
| Advertising and promotion | $229 |
| Office expenses | $47,104 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $685,221 |
| Travel | $39,797 |
| 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 | $277,090 |
| Insurance | $177,818 |
| All other expenses | $37,262 |
| Total functional expenses | $14,207,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,550 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,549,349 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,210 |
| Prepaid expenses and deferred charges | $27,143 |
| Net Land, buildings, and equipment | $927,372 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $34,628 |
| Other assets | $456,658 |
| Total assets | $3,137,910 |
| Accounts payable and accrued expenses | $2,039,994 |
| 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 | $214,176 |
| Total liabilities | $2,254,170 |
| Net assets without donor restrictions | $883,740 |
| 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 | $3,137,910 |