Paeon Health Services Inc
- Assets
- $282.6k
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Austin, TX
- Founding
- 10/2018
- Data as of
- 12/2021
- EIN
- 82-1064427
Organization Overview
Paeon Health Services Inc is located in Austin, TX. The organization was established in 2018. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Paeon Health Services Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paeon Health Services 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, Paeon Health Services Inc generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 43.6% each year . All expenses for the organization totaled $5.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FACILITATE PROVISION OF HEALTH CARE & OTHER SOCIAL SERVICES TO INDIVIDUALS INCLUDING THE INDIGENT.
Describe the Organization's Program Activity:
TERREBONNE PARISH HAS A SIGNIFICANT NEED FOR MEDICAL SERVICES FOR THE INDIGENT, INCLUDING THOSE WHO ARE ELIGIBLE TO PARTICIPATE IN THE MEDICAID PROGRAM. TO ACCOMPLISH ITS CHARITABLE PURPOSES, THE CORPORATION EMPLOYS PHYSICIANS PROVIDING PROFESSIONAL HEALTHCARE SERVICES FOR THE LOW-INCOME POPULATION. AS OF DECEMBER 2021, PAEON HEALTH SERVICES (PHS) EMPLOYED 11 PHYSICIANS, WHO SPECIALIZE IN AREAS SUCH AS ANESTHESIOLOGY, PATHOLOGY, PHYSICAL MEDICINE, AND NEONATOLOGY. PHS PHYSICIANS TREATED 8,671 PATIENTS IN 2021, OF WHICH 21% ARE MEDICAID PATIENTS AND 27% ARE MEDICARE PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Prejean MD Physician | 40 | $513,258 | |
Francis Lewis MD Physician | 40 | $489,164 | |
Jared M Roussel MD Physician | 40 | $481,184 | |
Bedford Nieves-Cruz MD Physician | 40 | $448,244 | |
Russell P Henry MD Physician | Officer | 40 | $323,729 |
Willard T Dalton MD Physician | 40 | $315,271 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,400,000 |
| 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 | $3,400,000 |
| Total Program Service Revenue | $1,644,933 |
| 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 | $5,044,933 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $3,763,414 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $4,307 |
| Other employee benefits | $255,573 |
| Payroll taxes | $145,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $384 |
| 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 | $690,276 |
| Advertising and promotion | $0 |
| Office expenses | $17,644 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,034 |
| Travel | $5,495 |
| 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 | $0 |
| Insurance | $201,487 |
| All other expenses | $0 |
| Total functional expenses | $5,170,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,288 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $53,359 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $282,647 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $282,647 |
| 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 | $282,647 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeast Texas Regional Advisory Council Houston, TX | $4,089,891 | $16,447,154 |
The Preemptive Love Coalition Hewitt, TX | $18,071,135 | $12,206,645 |
Texas Health Medical Support Arlington, TX | $2,020,699 | $9,800,763 |
Parkland Center For Clinical Innovation Dallas, TX | $12,723,447 | $7,843,853 |
Community Health Connection Inc Tulsa, OK | $9,079,749 | $13,914,137 |
Halo Flight Inc Corpus Christi, TX | $37,866,404 | $10,412,099 |
Margaret Place Properties Inc Shreveport, LA | $197,007,270 | $4,848,539 |
Informed Consent Action Network Austin, TX | $6,446,816 | $13,347,386 |
Paeon Health Services Inc Austin, TX | $282,647 | $5,044,933 |
Victoria Healthcare Resources Pleasant Hill, LA | $1,068,277 | $4,292,409 |
Methodist Transplant Physicians Dallas, TX | $10,252 | $4,096,423 |
Central Texas Palliative Care Associates Austin, TX | $672,314 | $3,390,990 |