The Physician Network
- Assets
- $131.8m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 854
- Location
- Lincoln, NE
- Founding
- 01/1996
- Data as of
- 06/2022
- EIN
- 47-0780857
Organization Overview
The Physician Network is located in Lincoln, NE. The organization was established in 1996. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 06/2022, Physician Network employed 854 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Physician Network 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 06/2022, Physician Network generated $4.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (40.0%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (44.2%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACCESS TO QUALITY, SERVICE-ORIENTED, COST EFFECTIVE HEALTHCARE TO THE COMMUNITY THROUGH PHYSICIAN SERVICES - CLINICS (FAMILY HEALTH, INTERNALIST, OB, ENT), CARDIOLOGY, EMERGENCY, URGENT, HOSPITALIST, AND NEONATOLOGIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PHYSICIAN NETWORK WAS FOUNDED TO PROVIDE PHYSICIAN SERVICES FOR THE COMMUNITY. AS A MEMBER OF COMMONSPIRIT HEALTH, WE EMBRACE THE MISSION OF A HEALTHY COMMUNITY AND PROVIDING QUALITY CARE FOR THOSE IN NEED. THE PHYSICIAN NETWORK OPERATES, STAFFS, AND MAINTAINS 2 SPECIALTY CLINICS THAT INCREASE THE AVAILABILITY AND ENHANCE THE QUALITY OF MEDICAL SERVICES PROVIDED TO THEIR COMMUNITIES. DURING FISCAL YEAR 2022, THESE CLINICS HAD 43,975 PROVIDER ENCOUNTERS. THE PHYSICIAN NETWORK WAS FOUNDED AND GRANTED TAX EXEMPT STATUS IN 1994. THE BOARD OF DIRECTORS IS COMPRISED OF OFFICERS FROM ALEGENT CREIGHTON CLINIC, A RELATED ORGANIZATION.COMMUNITY BENEFIT APPROACHTHE PHYSICIAN NETWORK'S CENTRAL OFFICE IS LOCATED IN LINCOLN, NEBRASKA, A CITY WITH A POPULATION OF APPROXIMATELY 265,000. WE SERVE LANCASTER COUNTY, NEBRASKA, AND THE SURROUNDING STATES OF IOWA, KANSAS, AND MISSOURI. THE PHYSICIAN NETWORK PARTICIPATES IN GOVERNMENTAL PROGRAMS (SUCH AS MEDICARE AND MEDICAID), AND HAS AN ACTIVE CHARITY CARE PROGRAM.AS REPORTED ON THE PRIOR YEAR FORM 990, THE PHYSICIAN NETWORK'S OPERATIONS TRANSFERRED TO ALEGENT CREIGHTON CLINIC, A RELATED ORGANIZATION. DURING THE CURRENT YEAR, THE ONLY ACTIVITY BEING REPORTED IS DUE TO THE WRAPPING UP OF OPERATIONS.
THE PHYSICIAN NETWORK WAS FOUNDED TO PROVIDE PHYSICIAN SERVICES FOR THE COMMUNITY. AS A MEMBER OF COMMONSPIRIT HEALTH, WE EMBRACE THE MISSION OF A HEALTHY COMMUNITY AND PROVIDING QUALITY CARE FOR THOSE IN NEED. THE PHYSICIAN NETWORK OPERATES, STAFFS, AND MAINTAINS 2 SPECIALTY CLINICS THAT INCREASE THE AVAILABILITY AND ENHANCE THE QUALITY OF MEDICAL SERVICES PROVIDED TO THEIR COMMUNITIES. DURING FISCAL YEAR 2022, THESE CLINICS HAD 43,975 PROVIDER ENCOUNTERS. THE PHYSICIAN NETWORK WAS FOUNDED AND GRANTED TAX EXEMPT STATUS IN 1994. THE BOARD OF DIRECTORS IS COMPRISED OF OFFICERS FROM ALEGENT CREIGHTON CLINIC, A RELATED ORGANIZATION.COMMUNITY BENEFIT APPROACHTHE PHYSICIAN NETWORK'S CENTRAL OFFICE IS LOCATED IN LINCOLN, NEBRASKA, A CITY WITH A POPULATION OF APPROXIMATELY 265,000. WE SERVE LANCASTER COUNTY, NEBRASKA, AND THE SURROUNDING STATES OF IOWA, KANSAS, AND MISSOURI. THE PHYSICIAN NETWORK PARTICIPATES IN GOVERNMENTAL PROGRAMS (SUCH AS MEDICARE AND MEDICAID), AND HAS AN ACTIVE CHARITY CARE PROGRAM.AS REPORTED ON THE PRIOR YEAR FORM 990, THE PHYSICIAN NETWORK'S OPERATIONS TRANSFERRED TO ALEGENT CREIGHTON CLINIC, A RELATED ORGANIZATION. DURING THE CURRENT YEAR, THE ONLY ACTIVITY BEING REPORTED IS DUE TO THE WRAPPING UP OF OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Anderson MD Neurosurgeon | 60 | $1,303,417 | |
Jeanette Wojtalewicz Board Member/cfo Chi Health | OfficerTrustee | 1 | $0 |
John Wright MD Orthopedist | 60 | $1,202,364 | |
Chinyere Obasi Neurosurgeon | 60 | $954,356 | |
Daniela Alexandru Abrams Neurosurgeon | 60 | $885,856 | |
Edward Raines Cardiologiest | 60 | $841,150 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Boulder Cardiology Cardiology Services | 6/29/22 | $497,022 |
Trident Surgical Group Surgical Services | 6/29/22 | $468,200 |
Ashley Fratello Md Pc Medical Services | 6/29/22 | $421,933 |
Ahmad J Khalifa Md Medical Services | 6/29/22 | $267,892 |
Rapport International Translation Services | 6/29/22 | $177,483 |
Trident Surgical Group Surgical Services | 6/29/22 | $468,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $150,000 |
| 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 | $150,000 |
| Total Program Service Revenue | $2,080,007 |
| Investment income | $1,370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$21,595 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,116,859 |
| 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. | $1,170,207 |
| Compensation of current officers, directors, key employees. | $46,808 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $688,168 |
| Pension plan accruals and contributions | $703,339 |
| Other employee benefits | $0 |
| Payroll taxes | $158,696 |
| 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 | $376,073 |
| Advertising and promotion | $0 |
| Office expenses | $25,616 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,655 |
| Travel | $8,973 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,009 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,450 |
| Insurance | $4,200 |
| All other expenses | $606 |
| Total functional expenses | $3,254,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450 |
| Savings and temporary cash investments | $27,175 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $244,901 |
| 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 | $111,150 |
| Net Land, buildings, and equipment | $571,793 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $130,849,322 |
| Total assets | $131,804,791 |
| Accounts payable and accrued expenses | $735,355 |
| 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 | $322,893,028 |
| Total liabilities | $323,628,383 |
| Net assets without donor restrictions | -$191,823,592 |
| 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 | $131,804,791 |