Wright State Physicians Inc
- Assets
- $26.6m
- Revenue
- $30.3m
- Investments
- $0.0
- Employees
- 328
- Location
- Fairborn, OH
- Founding
- 08/1992
- Data as of
- 06/2021
- EIN
- 31-1352092
Organization Overview
Wright State Physicians Inc is located in Fairborn, OH. The organization was established in 1992. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Wright State Physicians Inc employed 328 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wright State Physicians 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 06/2021, Wright State Physicians Inc generated $30.3m 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 (4.4%) each year. All expenses for the organization totaled $28.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) 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
TO PROVIDE CLINICAL SERVICES FOR PATIENTS, ENGAGE IN SCIENTIFIC AND MEDICAL RESEARCH, SUPPORT AND ENHANCE THE MEDICAL EDUCATION PROGRAM AT WRIGHT STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CLINICAL SERVICES FOR PATIENTS, ENGAGE IN SCIENTIFIC AND MEDICAL RESEARCH, SUPPORT AND ENHANCE THE MEDICAL EDUCATION PROGRAM AT WRIGHT STATE UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alyssa Gans Physician | 40 | $488,100 | |
Yee Wong MD Physician | 40 | $445,253 | |
Cathline Layba MD Physician | 40 | $422,881 | |
Gregory Semon DO Physician | 40 | $413,396 | |
Joon Shim MD Physician | 40 | $361,385 | |
Peter Ekeh MD Director | Trustee | 24 | $326,466 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ferguson Construction Co Construction | 6/29/21 | $572,573 |
Upper Valley Real Property Inv Settlement | 6/29/21 | $216,000 |
Danda Llc Rent | 6/29/21 | $193,491 |
Practiceworx Llc Monthly Credentials Mgt | 6/29/21 | $106,950 |
Premier Health Meals And Salaries | 6/29/21 | $140,163 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,498,880 |
| 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 | $2,498,880 |
| Total Program Service Revenue | $27,655,556 |
| Investment income | $128,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,018 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,346,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $575,033 |
| 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. | $1,718,732 |
| Compensation of current officers, directors, key employees. | $224,949 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,918,791 |
| Pension plan accruals and contributions | $2,061,351 |
| Other employee benefits | $1,549,289 |
| Payroll taxes | $309,601 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,750 |
| Fees for services: Accounting | $13,282 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,395 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,465 |
| Office expenses | $646,218 |
| Information technology | $206,166 |
| Royalties | $0 |
| Occupancy | $1,250,860 |
| Travel | $138,513 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $358,310 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $517,710 |
| Insurance | $742,900 |
| All other expenses | $0 |
| Total functional expenses | $28,597,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,906,465 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,897,201 |
| 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 | $386,462 |
| Net Land, buildings, and equipment | $9,498,380 |
| Investments—publicly traded securities | $5,858,143 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,438 |
| Total assets | $26,608,089 |
| Accounts payable and accrued expenses | $5,019,865 |
| Grants payable | $0 |
| Deferred revenue | $20,000 |
| 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 | $7,349,806 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,067,093 |
| Total liabilities | $13,456,764 |
| Net assets without donor restrictions | $13,151,325 |
| 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 | $26,608,089 |
Grants Awarded
Over the last fiscal year, Wright State Physicians Inc has awarded $475,440 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Dayton, OH PURPOSE: SCHOLARSHIP FUNDS | $410,590 |
WRIGHT STATE UNIVERSITY PURPOSE: SCHOLARSHIP FUNDS | $52,850 |
Southeastern, PA PURPOSE: GENERAL SUPPORT | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wright State Physicians Inc has recieved totaling $88,098.
| Awarding Organization | Amount |
|---|---|
Miami Valley Hospital Foundation Dayton, OH PURPOSE: Medical services | $87,614 |
Plastic Surgery Foundation Arlington Heights, IL PURPOSE: RESEARCH FUNDING | $484 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton - Kings Daughters Health Inc Madison, IN | $327,672,291 | $141,257,726 |
Lehigh Valley Hospital - Schuykill Allentown, PA | $123,931,422 | $141,448,853 |
Wood County Hospital Assn Bowling Green, OH | $236,887,243 | $125,669,234 |
Margaret Mary Community Hospital Inc Batesville, IN | $200,618,179 | $130,077,852 |
Davis Memorial Hospital Elkins, WV | $99,450,993 | $120,748,268 |
Mymichigan Medical Center Sault Sault Ste Marie, MI | $104,046,577 | $126,853,788 |
St Lukes Quakertown Hospital Allentown, PA | $224,667,230 | $112,978,373 |
Shelby County Memorial Hospital Association Inc Sidney, OH | $171,819,264 | $129,965,258 |
Upmc Pittsburgh, PA | $122,342,039 | $105,892,952 |
Northeastern Pennsylvania Health Corporation Allentown, PA | $304,803,492 | $145,234,138 |
Reynolds Memorial Hospital Inc Glen Dale, WV | $68,940,537 | $122,482,209 |
Emma L Bixby Medical Center Toledo, OH | $214,732,301 | $139,202,852 |