First Choice Physician Partners
- Assets
- $55.0m
- Revenue
- $184.5m
- Investments
- $0.0
- Employees
- 15
- Location
- Dallas, TX
- Founding
- 04/2011
- Data as of
- 12/2023
- EIN
- 27-3597066
Organization Overview
First Choice Physician Partners, operating under the name See Schedule O 109), is located in Dallas, TX. The organization was established in 2011. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2023, See Schedule O 109) employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O 109) 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, See Schedule O 109) generated $184.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $183.0m during the year ending 12/2023. While expenses have increased by 11.2% 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
PROVIDE HEALTH CARE SERVICES AND PERFORM MEDICAL AND CLINICAL RESEARCH IN THE PUBLIC INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST CHOICE PHYSICIANS PARTNERS IS ORGANIZED AND OPERATED TO PROMOTE THE HEALTH AND WELL-BEING OF RESIDENTS IN THE COMMUNITIES IT SERVES THROUGH THE PROVISION OF HEALTH CARE IN A CHARITABLE MANNER. THE FOUNDATION PROVIDES HEALTH CARE SERVICES IN APPROXIMATELY TEN DIFFERENT MEDICAL AND SURGICAL SPECIALTIES THROUGH PROFESSIONAL AGREEMENT ARRANGEMENTS WITH BOTH PHYSICIANS AND PROVIDER FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philipp Ludwig Director,president,ceo(start 1/24/23) | OfficerTrustee | 40 | $0 |
Scott Nelson Director | Trustee | 40 | $0 |
John B Kelsall Director | Trustee | 5 | $0 |
Susan Byrne Director | Trustee | 5 | $0 |
Trey Horton Treasurer & Secretary | Officer | 5 | $0 |
Kristin A Taylor Assistant Treasurer | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gahc4 Modesto Ca Mob Llc Administrative & Professional Fees | 12/30/23 | $1,674,983 |
Desert Physicians Med Grp Health Administrative & Professional Fees | 12/30/23 | $1,414,738 |
Joel Lardizabal Md Inc Administrative & Professional Fees | 12/30/23 | $1,274,221 |
Ramin Pooyan Do Inc Administrative & Professional Fees | 12/30/23 | $1,022,821 |
David Chang Md Inc Administrative & Professional Fees | 12/30/23 | $1,001,148 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $66,700,000 |
| 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 | $66,700,000 |
| Total Program Service Revenue | $112,392,885 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,100 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $184,495,361 |
| 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 | $1,776,856 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $223,554 |
| Payroll taxes | $133,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120,690 |
| Fees for services: Accounting | $354 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,475,585 |
| Advertising and promotion | $0 |
| Office expenses | $45,291,994 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,326,324 |
| Travel | $97,427 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $586,245 |
| Interest | $254,872 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,621,175 |
| Insurance | $3,072,731 |
| All other expenses | -$47,211 |
| Total functional expenses | $182,970,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,761,730 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,997,607 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $882,415 |
| Prepaid expenses and deferred charges | $28,033 |
| Net Land, buildings, and equipment | $5,480,431 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $602,625 |
| Other assets | $32,274,222 |
| Total assets | $55,027,063 |
| Accounts payable and accrued expenses | $35,867,198 |
| 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 | $35,867,198 |
| Net assets without donor restrictions | $19,159,865 |
| 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 | $55,027,063 |