Physician Associates Of Southwest Dallas
- Assets
- $2.7m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 24
- Location
- Dallas, TX
- Founding
- 09/2002
- Data as of
- 09/2023
- EIN
- 75-2966610
Organization Overview
Physician Associates Of Southwest Dallas is located in Dallas, TX. The organization was established in 2002. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 09/2023, Physician Associates Of Southwest Dallas employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Physician Associates Of Southwest Dallas 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 09/2023, Physician Associates Of Southwest Dallas generated $12.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $12.6m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE AND SAVE LIVES THROUGH COMPASSIONATE QUALITY HEALTH CARE. PHYSICIAN ASSOCIATES OF SOUTHWEST DALLAS (PASD) IS A WHOLLY CONTROLLED AFFILIATE OF METHODIST HOSPITALS OF DALLAS (MHD) WHOSE PURPOSE IS TO TEACH AND AID IN THE EDUCATION OF GRADUATE MEDICAL EDUCATION STUDENTS (RESIDENTS) OF MHD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHYSICIAN ASSOCIATES OF SOUTHWEST DALLAS (PASD) IS A WHOLLY CONTROLLED AFFILIATE OF METHODIST HOSPITALS OF DALLAS (MHD) WHOSE PURPOSE IS TO TEACH AND AID IN THE EDUCATION OF GRADUATE MEDICAL EDUCATION STUDENTS (RESIDENTS) OF MHD. PASD EMPLOYS PHYSICIAN INSTRUCTORS AND BILLS FOR THE PATIENT SERVICES PROVIDED AS PART OF THE TEACHING MISSION OF THE ORGANIZATION. NET INCOME DERIVED FROM THE PATIENT SERVICES IS USED TO SUPPORT THE GRADUATE MEDICAL EDUCATION PROGRAM OF MHD. WITH THE AID OF PASD, METHODIST HOSPITALS OF DALLAS IS ABLE TO TRAIN APPROXIMATELY 103 RESIDENTS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice President | OfficerTrustee | 40 | $375,368 |
Name Not Listed Chair & President | OfficerTrustee | 5 | $0 |
Name Not Listed Director | Trustee | 40 | $575,595 |
Name Not Listed Director | Trustee | 40 | $425,289 |
Name Not Listed Director | Trustee | 40 | $845,801 |
Name Not Listed Secretary/vp Of Compliance | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joshua L Weiss Md Medical Services | 9/29/23 | $399,427 |
Dallas Nephrology Associates Medical Services | 9/29/23 | $142,244 |
Kecia Ledet Foxworth Md Medical Services | 9/29/23 | $138,188 |
Jan Seddic Risden Md Medical Services | 9/29/23 | $136,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $11,768,692 |
| 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 | $12,587,557 |
| 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. | $2,166,407 |
| Compensation of current officers, directors, key employees. | $844,899 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,966,947 |
| Pension plan accruals and contributions | $243,288 |
| Other employee benefits | $296,221 |
| Payroll taxes | $316,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $90,984 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,430,714 |
| Advertising and promotion | $0 |
| Office expenses | $30,296 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,245 |
| Travel | $0 |
| 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 | $1,482 |
| Insurance | $16,860 |
| All other expenses | $0 |
| Total functional expenses | $12,556,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,214 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,563 |
| 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 | $6,028 |
| Net Land, buildings, and equipment | $3,510 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,597,010 |
| Total assets | $2,650,325 |
| Accounts payable and accrued expenses | $918,176 |
| 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 | $5,429,449 |
| Total liabilities | $6,347,625 |
| Net assets without donor restrictions | -$3,697,300 |
| 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 | $2,650,325 |