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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rick Love CEO | Officer | 40 | $274,207 |
Derek Martin CFO | Officer | 40 | $222,207 |
Michael Hemphill COO | Officer | 40 | $222,207 |
Matt Driskill Cco | Officer | 40 | $147,333 |
Sean Wehrly President | OfficerTrustee | 1 | $0 |
Verlene Dickson Vice President | OfficerTrustee | 1 | $0 |
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 |
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. | $4,247,598 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $9,322,949 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $2,540,204 |
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 | $482,222 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $713,411 |
Travel | $72,149 |
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 | $734,096 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $24,733,865 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,054,928 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,544,995 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $103,951 |
Prepaid expenses and deferred charges | $108,860 |
Net Land, buildings, and equipment | $19,911,158 |
Investments—publicly traded securities | $9,433,972 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $413,668 |
Total assets | $33,571,532 |
Accounts payable and accrued expenses | $2,168,520 |
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 | $61,161 |
Other liabilities | $0 |
Total liabilities | $2,229,681 |
Net assets without donor restrictions | $31,341,851 |
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 | $33,571,532 |
Organization Name | Assets | Revenue |
---|---|---|
La Clinica De Familia Incorporated Las Cruces, NM | $51,837,644 | $56,955,322 |
Regence Health Network Inc Plainview, TX | $33,571,532 | $26,548,669 |
El Centro Family Health Espanola, NM | $16,586,508 | $21,895,714 |
Atascosa Health Center Inc Pleasanton, TX | $14,965,966 | $17,378,968 |
Cabun Rural Health Services Inc Hampton, AR | $7,879,821 | $10,461,269 |
Southwestern Louisianna Area Health Education Center Foundation Lafayette, LA | $6,837,087 | $9,901,605 |
South Texas Rural Health Services Inc Cotulla, TX | $16,126,214 | $8,582,735 |
Vida Y Salud-Health Systems Inc Crystal City, TX | $8,498,029 | $6,635,952 |
Texas Rural Health Association Inc Abilene, TX | $57,992 | $0 |
Washington Pfb And Thrift Shop Inc Franklinton, LA | $19,418 | $0 |