Hmc Physician Services Inc
- Assets
- $963.8k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 21
- Location
- Savannah, TN
- Founding
- 01/2013
- Data as of
- 06/2021
- EIN
- 45-0600790
Organization Overview
Hmc Physician Services Inc is located in Savannah, TN. The organization was established in 2013. 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 06/2021, Hmc Physician Services Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hmc Physician Services 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, Hmc Physician Services Inc generated $1.4m 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 (9.5%) each year. All expenses for the organization totaled $3.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) 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
HMC PHYSICIAN SERVICES, INC. IS COMMITTED TO PROVIDING SAFE, QUALITY, COMPREHENSIVE HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HMC PHYSICIAN SERVICES, INC. PROVIDES PHYSICIAN CARE FOR CARDIOLOGY PATIENTS, ORTHOPEDIC PATIENTS, GENERAL SURGERY PATIENTS, AND WOUND CARE PATIENTS IN OUR COMMUNITY. HMC PHYSICIAN SERVICES, INC. ALSO PROVIDES HEALTHCARE SERVICES FOR INPATIENTS AND URGENT CARE PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Klein Staff Physician | 40 | $450,535 | |
Derrick B Galapon Staff Physician | 40 | $429,878 | |
Brian Qualls Staff Physician | 40 | $340,714 | |
Jennifer Harper Nurse Practitioner | 40 | $135,641 | |
Matthew King Nurse Practitioner | 40 | $113,355 | |
Leigh Ann Hughes CFO | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,366,996 |
| Investment income | $0 |
| 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 | $1,400,415 |
| 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. | $1,802,298 |
| Compensation of current officers, directors, key employees. | $360,460 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $330,258 |
| 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 | $915,089 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $143,219 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $20,676 |
| All other expenses | $0 |
| Total functional expenses | $3,358,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,143 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,928 |
| 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 | $0 |
| Net Land, buildings, and equipment | $796,731 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $963,802 |
| Accounts payable and accrued expenses | $142,246 |
| 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 | $17,269,704 |
| Total liabilities | $17,411,950 |
| Net assets without donor restrictions | $0 |
| 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 | -$16,448,148 |
| Total liabilities and net assets/fund balances | $963,802 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Springs Medical Association Ellington, MO | $16,418,546 | $19,514,553 |
St Charles Health Council Inc Jonesville, VA | $30,755,824 | $22,559,533 |
Richland Medical Center Inc Richland, MO | $12,501,525 | $20,675,433 |
1st Choice Healthcare Inc Corning, AR | $30,108,246 | $26,466,307 |
Columbus Regional Health Network Whiteville, NC | $1,057,901 | $11,595,687 |
Bmg Family Physicians Group Foundation Inc Memphis, TN | $2,662,368 | $14,210,561 |
Mercy Hospital Berryville Berryville, AR | $4,645,616 | $18,449,108 |
River Valley Primary Care Services Incorporated Ratcliff, AR | $13,283,369 | $17,570,886 |
Ascension Living St Francis Place St Louis, MO | $10,079,462 | $12,062,040 |
Regional Health Care Clinic Inc Sedalia, MO | $17,299,047 | $16,397,671 |
V N A Corporation Kansas City, MO | $5,927,823 | $14,526,929 |
Caromont Health Services Inc Gastonia, NC | $12,627,199 | $16,561,125 |