Regence Health Network Inc is located in Plainview, TX. The organization was established in 1973. As of 12/2021, Regence Health Network Inc employed 220 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regence Health Network 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 12/2021, Regence Health Network Inc generated $29.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $20.5m during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A TRANSFORMATIONAL LEADER IN THE DELIVERY OF INTEGRATED, INNOVATIVE, AND COST EFFECTIVE HEALTH SERVICES; WE REALIZE THIS BY HOLDING OURSELVES ACCOUNTABLE TO THE HIGHEST STANDARDS IN PATIENT SERVICE, SAFETY, AND QUALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGENCE HEALTH NETWORK, INC., (RHN) IS A FULL-SERVICE PRIMARY HEALTHCARE SYSTEM THAT OFFERS AN ARRAY OF SERVICES INCLUDING FAMILY MEDICINE, INTERNAL MEDICINE, PEDIATRIC MEDICINE, WOMEN'S HEALTH, FAMILY DENTAL SERVICES, BEHAVIORAL HEALTH, WIC SERVICES, AND ON-SITE LABORATORY AND PHARMACY SERVICES.
USDA/TDH WIC PROGRAM: SEE A. ABOVE-THIS PROGRAM IS SPECIFICALLY DESIGNED AND FUNDED BY STATE GOVERNMENTAL GRANTS TO PROVIDE FOR WOMEN, INFANTS, AND CHILDREN.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Nash Cmo | Officer | 40 | $418,101 |
Morgan Leak Physician | 40 | $400,824 | |
Robert Bidwell Physician | 40 | $254,293 | |
Matthew Turrie Physician | 40 | $231,408 | |
Megan Scott Physician | 40 | $228,913 | |
Rick Love CEO | Officer | 40 | $228,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $12,432,424 |
All other contributions, gifts, grants, and similar amounts not included above | $2,527,548 |
Noncash contributions included in lines 1a–1f | $2,527,548 |
Total Revenue from Contributions, Gifts, Grants & Similar | $14,959,972 |
Total Program Service Revenue | $11,866,389 |
Investment income | $518,892 |
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 | $29,493,115 |
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. | $2,538,907 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $8,825,008 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $2,130,843 |
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 | $0 |
Advertising and promotion | $0 |
Office expenses | $367,241 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $588,554 |
Travel | $43,841 |
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 | $449,452 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $20,462,976 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,352,602 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,120,404 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $77,101 |
Prepaid expenses and deferred charges | $69,455 |
Net Land, buildings, and equipment | $11,653,406 |
Investments—publicly traded securities | $12,483,301 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,158,772 |
Total assets | $31,915,041 |
Accounts payable and accrued expenses | $2,365,827 |
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 | $2,365,827 |
Net assets without donor restrictions | $29,549,214 |
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 | $31,915,041 |
Over the last fiscal year, we have identified 1 grants that Regence Health Network Inc has recieved totaling $6,365.
Awarding Organization | Amount |
---|---|
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $6,365 |
Organization Name | Assets | Revenue |
---|---|---|
La Clinica De Familia Incorporated Las Cruces, NM | $45,542,537 | $56,983,887 |
El Centro Family Health Espanola, NM | $18,275,808 | $25,724,218 |
Regence Health Network Inc Plainview, TX | $31,915,041 | $29,493,115 |
Atascosa Health Center Inc Pleasanton, TX | $12,788,875 | $13,403,553 |
Southwestern Louisianna Area Health Education Center Foundation Lafayette, LA | $4,875,035 | $13,660,729 |
Cabun Rural Health Services Inc Hampton, AR | $7,743,660 | $10,936,827 |
South Texas Rural Health Services Inc Cotulla, TX | $15,556,811 | $8,610,501 |
Vida Y Salud-Health Systems Inc Crystal City, TX | $6,983,119 | $6,792,028 |
Texas Rural Health Association Inc Abilene, TX | $52,779 | $0 |
Washington Pfb And Thrift Shop Inc Franklinton, LA | $25,249 | $0 |