Fayette Physician Network Inc
- Assets
- $17.7m
- Revenue
- $62.9m
- Investments
- $0.0
- Employees
- 261
- Location
- Morgantown, WV
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 45-5440305
Organization Overview
Fayette Physician Network Inc, operating under the name WVUHS Medical Group, is located in Morgantown, WV. The organization was established in 2014. 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 12/2022, WVUHS Medical Group employed 261 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. WVUHS Medical Group 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, WVUHS Medical Group generated $62.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $62.8m during the year ending 12/2022. While expenses have increased by 7.8% per year over the past 6 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
FAYETTE PHYSICIAN NETWORK, INC. OWNS AND OPERATES PHYSICIAN PRACTICES THAT PROVIDE HEALTHCARE SERVICES PRIMARILY TO THE RESIDENTS OF FAYETTE COUNTY PENNSYLVANIA AND THE SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAYETTE PHYSICIAN NETWORK INC. FPN IS A NONPROFIT CORPORATION FORMED IN JULY 2012. FPN WAS FORMED TO OWN AND OPERATE PHYSICIAN PRACTICES THAT SERVE THE PATIENTS OF FAYETTE COUNTY PENNSYLVANIA AND THE SURROUNDING AREA. FPN HAS AT ALL TIMES SINCE ITS FORMATION BEEN ORGANIZED AND OPERATED FOR CHARITABLE PURPOSES WITHIN THE MEANING OF THE INTERNAL REVENUE CODE SECTION 501C3. DURING 2022, FPN OPERATED SEVERAL CLINICS, EMERGENCY DEPARTMENTS, HOSPITALISTS GROUPS, AND OTHER SPECIALTY PROVIDER SUPPORT TO VARIOUS HOSPITALS LOCATED THROUGHOUT PA, WV, AND MD.
FAYETTE PHYSICIAN NETWORK, INC. RECEIVED ADDITIONAL MISCELLANEOUS REVENUE RELATED TO THE OPERATIONS OF THE PRACTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Wright Director - Wvuhs President/ceo | Trustee | 1 | $0 |
Ari Pressman MD Physician - Orthopedics | 40 | $1,779,602 | |
Peter Kochupura MD Physician - Pulmonary | 40 | $966,024 | |
Michael Grace President/ceo | OfficerTrustee | 5 | $0 |
David Hess Director | Trustee | 1 | $0 |
Mukul Patil MD Physician - Urology | 40 | $635,254 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Universal Physician Services Physician Staffing | 12/30/22 | $322,003 |
Docbezz Wellness Llc Staffing Service | 12/30/22 | $258,120 |
Mark Duff Staffing Service | 12/30/22 | $272,700 |
Gen Three Staffing Corp Staffing Service | 12/30/22 | $219,600 |
Matthew Davis Staffing Service | 12/30/22 | $231,125 |
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 | $62,974,121 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,868 |
| Net Gain/Loss on Asset Sales | -$65,004 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,914,180 |
| 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 | $35,661,287 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,613,220 |
| Payroll taxes | $1,505,642 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,432 |
| 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 | $924,150 |
| Advertising and promotion | $0 |
| Office expenses | $162,870 |
| Information technology | $16,578 |
| Royalties | $0 |
| Occupancy | $450,272 |
| Travel | $54,797 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,319 |
| Interest | $33,127 |
| Payments to affiliates | $17,466,983 |
| Depreciation, depletion, and amortization | $446,248 |
| Insurance | $1,071,285 |
| All other expenses | $249,280 |
| Total functional expenses | $62,765,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,768,481 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,234,896 |
| 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 | $330,530 |
| Net Land, buildings, and equipment | $4,453,147 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $869,128 |
| Total assets | $17,656,182 |
| Accounts payable and accrued expenses | $13,038,952 |
| Grants payable | $0 |
| Deferred revenue | $19,448 |
| 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 | $3,961,041 |
| Total liabilities | $17,019,441 |
| Net assets without donor restrictions | $636,741 |
| 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 | $17,656,182 |