Regence Health Network Inc

Organization Overview

Regence Health Network Inc is located in Plainview, TX. The organization was established in 1973. As of 12/2023, Regence Health Network Inc employed 234 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 12/2023, Regence Health Network Inc generated $26.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $24.7m during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

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.


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Board, Officers & Key Employees

Name (title)Compensation
Rick Love
CEO
$274,207
Derek Martin
CFO
$222,207
Michael Hemphill
COO
$222,207
Matt Driskill
Cco
$147,333
Sean Wehrly
President
$0
Verlene Dickson
Vice President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $8,191,521
All other contributions, gifts, grants, and similar amounts not included above$2,858,291
Noncash contributions included in lines 1a–1f $2,858,291
Total Revenue from Contributions, Gifts, Grants & Similar$11,049,812
Total Program Service Revenue$14,274,255
Investment income $1,000,074
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 $26,548,669

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