Reid Physician Associates Inc
- Assets
- $19.7m
- Revenue
- $99.5m
- Investments
- $0.0
- Employees
- 1,092
- Location
- Richmond, IN
- Founding
- 01/2010
- Data as of
- 12/2022
- EIN
- 26-3086555
Organization Overview
Reid Physician Associates Inc is located in Richmond, IN. The organization was established in 2010. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Reid Physician Associates Inc employed 1,092 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reid Physician Associates 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 12/2022, Reid Physician Associates Inc generated $99.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $152.3m during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPLOY PHYSICIANS & PROFESSIONALS WHO PROMOTE HEALTH THROUGH EDUCATION, PREVENTION OF ILLNESS AND INJURY, AND THE PROVISION OF QUALITY, COST EFFECTIVE SERVICES TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN KEEPING WITH THE SHARED COMMITMENT OF REID PHYSICIAN ASSOCIATES, INC. AND REID HOSPITAL & HEALTH CARE SERVICES, INC. TO PROVIDE SERVICE TO ALL MEMBERS OF OUR MULTI-COUNTY SERVICE AREA INCLUDING THE ELDERLY, DISABLED, AND POOR, REID PHYSICIAN ASSOCIATES, INC. PROVIDES CARE REGARDLESS OF ABILITY TO PAY. OUR SERVICES INCLUDE THOSE COVERED BY THE MEDICARE AND MEDICAID PROGRAMS AT BELOW COST AS WELL AS DISCOUNTED SERVICES FOR THE POOR IN ACCORDANCE WITH REID HOSPITAL & HEALTH CARE SERVICES, INC.'S FINANCIAL ASSISTANCE POLICY. IN 2022, REID PHYSICIAN ASSOCIATES, INC. PROVIDED OUR COMMUNITY A TOTAL OF 58,711 PHYSICIAN DAYS, RESULTING IN 888,989 PATIENT ENCOUNTERS OF WHICH 408,496 WERE MEDICARE AND 139,032 WERE MEDICAID PATIENT ENCOUNTERS. THESE PATIENT ENCOUNTERS INCLUDE 36,112 FIRST TIME PATIENTS WITH 16,594 BEING MEDICARE AND 5,648 BEING MEDICAID PATIENTS. PLEASE NOTE, PAYER BREAKDOWNS ARE ESTIMATED BASED OFF OF PROPORTION OF GROSS CHARGES FOR THESE PAYER TYPES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hon Vien Physician - Orthopedic | 50 | $1,851,338 | |
Naeem Raza Physician | 50 | $1,398,785 | |
Craig Kinyon President/ceo | OfficerTrustee | 12.5 | $0 |
Mohey Saleh Physician - Cardiothoracic | 50 | $1,038,617 | |
Christopher Neher Physician - Orthopedic | 50 | $976,357 | |
Joel Mcclurg Physician - Orthopedic | 50 | $966,623 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Comphealth Medical Staffing Medical Staffing | 12/30/22 | $1,227,979 |
Weatherby Locums Inc Medical Staffing | 12/30/22 | $1,415,071 |
Henry Schein Inc Medical Supplier | 12/30/22 | $1,449,779 |
Allergan Usa Inc Medical Supplier | 12/30/22 | $1,176,735 |
Metro Medical Supply Inc Medical Supplier | 12/30/22 | $814,022 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $121,880 |
| Government grants | $350,963 |
| 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 | $472,843 |
| Total Program Service Revenue | $95,641,223 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,100 |
| Net Gain/Loss on Asset Sales | -$734 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,522,887 |
| 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. | $2,218,608 |
| Compensation of current officers, directors, key employees. | $373,130 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,065,041 |
| Pension plan accruals and contributions | $2,934,498 |
| Other employee benefits | $7,127,617 |
| Payroll taxes | $5,404,586 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $455 |
| 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 | -$4,051,988 |
| Advertising and promotion | $88,903 |
| Office expenses | $1,625,024 |
| Information technology | $140,015 |
| Royalties | $0 |
| Occupancy | $6,963,898 |
| Travel | $132,185 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $602,983 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,629,088 |
| Insurance | $2,304,869 |
| All other expenses | $8,122,166 |
| Total functional expenses | $152,307,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$50,189 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,599,748 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,065 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,373,108 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,723,255 |
| Total assets | $19,671,987 |
| Accounts payable and accrued expenses | $620,105,989 |
| 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 | $72,682 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $620,178,671 |
| Net assets without donor restrictions | -$600,506,684 |
| 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 | $19,671,987 |