United Regional Physician Group
- Assets
- $5.0m
- Revenue
- $23.4m
- Investments
- $0.0
- Employees
- 238
- Location
- Wichita Falls, TX
- Founding
- 01/2009
- Data as of
- 12/2021
- EIN
- 75-2925491
Organization Overview
United Regional Physician Group is located in Wichita Falls, TX. The organization was established in 2009. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, United Regional Physician Group employed 238 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Regional Physician 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 12/2021, United Regional Physician Group generated $23.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $37.3m during the year ending 12/2021. While expenses have increased by 5.5% 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 PROVIDE PHYSICIAN AND HEALTH CARE SERVICES TO THE PUBLIC IN SUPPORT OF UNITED REGIONAL HEALTHCARE SYSTEM, A NON-PROFIT HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNITED REGIONAL PHYSICIAN GROUP, A MULTISPECIALTY PRACTICE COMPRISED OF 70 PROVIDERS (PHYSICIANS AND ADVANCED PRACTICE PROVIDERS) PROMOTES THE HEALTH OF THE COMMUNITIES SERVED BY UNITED REGIONAL HEALTH CARE SYSTEM BY PROVIDING MUCH NEEDED ACCESS TO PRIMARY AND SPECIALTY CARE. UNITED REGIONAL PHYSICIAN GROUP HELPS UNITED REGIONAL HEALTH CARE SYSTEM ADDRESS THE PRIORITIZED NEEDS IDENTIFIED IN BOTH THE COMMUNITY HEALTH NEEDS ASSESSMENT AND THE MEDICAL STAFF DEVELOPMENT PLAN. UNITED REGIONAL PHYSICIAN GROUP PROVIDES MEDICAL CARE TO MEMBERS OF THE COMMUNITY REGARDLESS OF THE ABILITY TO PAY. UNITED REGIONAL PHYSICIAN GROUP SUPPORTS UNITED REGIONAL HEALTH CARE SYSTEM (A STATE DESIGNATED LEVEL 2 TRAUMA CENTER FOR THE REGION) BY PROVIDING COVERAGE FOR SURGICAL SUBSPECIALTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Cowling President | Officer | 2.5 | $0 |
Joshua J Schacter DO Physician | 40 | $944,593 | |
Michael R Sheen MD Physician | 40 | $787,039 | |
Randy L Olson MD Physician | 40 | $678,904 | |
Paul G Morrison MD Physician | 40 | $644,968 | |
Thien Tran MD Director | Trustee | 40 | $574,263 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $435,346 |
| Investment income | $0 |
| 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 | $23,418,446 |
| Statement of Expenses | |
|---|---|
| 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. | $3,113,856 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,160,702 |
| Pension plan accruals and contributions | $621,908 |
| Other employee benefits | $2,550,619 |
| Payroll taxes | $1,393,943 |
| 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 | $659,488 |
| Advertising and promotion | $1,014 |
| Office expenses | $321,372 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $582,703 |
| Travel | $79,727 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,357 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $484,070 |
| Insurance | $297,740 |
| All other expenses | $0 |
| Total functional expenses | $37,269,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $671,780 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,530,580 |
| 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 | $70,509 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,023,843 |
| Accounts payable and accrued expenses | $4,200,955 |
| 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 | $91,426,405 |
| Total liabilities | $95,627,360 |
| Net assets without donor restrictions | -$90,603,517 |
| 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 |
| Total liabilities and net assets/fund balances | -$90,603,517 |