To improve the health of patients and families in the communities IT serves with respect, integrity, and clinical excellence. Hancock Physician network's vision is to be the premier provider of quality healthcare services to Hancock and surrounding counties that achieves the highest level of patient satisfaction, patient outcomes, and quality of life.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$3.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $4.1M a year · 11% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.3M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Liabilities
$25.1M
291% of total assets
Concern: liabilities are 291% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$36.7M
+19% vs prior year
Spent
$56.8M
To programs
62%
Net assets
−$16.5M
By yearFY2020–FY2024
Revenue
$36.7M
FY2024▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$36.5M
FY2021$39.3M
FY2022$37.1M
FY2023$30.9M
FY2024$36.7M
Expenses
$56.8M
FY2024▲ +61%
Tap a bar for its year
Expenses by fiscal year
FY2020$37.1M
FY2021$35.5M
FY2022$36.3M
FY2023$35.3M
FY2024$56.8M
Net assets
−$16.5M
FY2024▼ -559%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.3M
FY2021$7.1M
FY2022$8.0M
FY2023$3.6M
FY2024−$16.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $35.3M Management & general 38% · $21.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $3.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
$606,001Pt VII · Sec A
$565,423Pt VII · Sec A
$461,422Pt VII · Sec A
$434,420Pt VII · Sec A
$412,486Pt VII · Sec A
Medical Director
$350,148Pt VII · Sec A
Medical Director
$263,182Pt VII · Sec A
Medical Director
$216,539Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Dr Stephen Shively$606,001————
Dr Namrata Shah$565,423————
Dr Rudo Mashindi$461,422$498,922$472,063$552,563$420,670
Dr Scott Capen—$493,057$471,335$480,849$501,321
Dr Anas Al Sadi——$399,127$459,577$458,894
Dr James Zhang$434,420————
Dr Bilal Gondal$412,486————
Dr John Hittle—$406,437—$377,281—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides quality healthcare services to improve patient and family health in its communities.

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1 program · $35.3M · in their own filed words · FY2024
01

HPN owns, operates, and manages physician practices that provide primary care, behavioral health services, and specialty care for the benefit of the residents of its community.

$35.3Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$36.7M
Ln 12
Fees for servicesLn 2g$33.9M
Gifts and grantsLn 1h$2.7M
Other incomeLn 4–11$147K
Money outPt IX
$56.8M
Ln 25
Programscol B$35.3M
Managementcol C$21.5M
Owns and owesPt X
−$16.5M
net assets · Ln 32
Total assetsLn 16$8.6M
LiabilitiesLn 26$25.1M
PeoplePt VI, VII
10
listed · VII A
PaidVII A8
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Fees for servicesLn 2g$33.9M
Investment incomeLn 3$36K
Other incomeLn 4–11$147K
Total revenueLn 12$36.7M
Assets in detailPt X, end of year
CashLn 1$0
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$2.9M
Total assetsLn 16$8.6M
LiabilitiesLn 26$25.1M
Net assetsLn 32−$16.5M
OperationsPt I, VI
EmployeesI 5348
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$179K$0
Land, buildings, equipmentLn 10c$1.8M$1.3M
Total assetsLn 16$7.3M$8.6M
LiabilitiesLn 26$3.7M$25.1M
Net assetsLn 32$3.6M−$16.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$911K$754K$157K
Other salaries and wagesLn 7$31.2M$25.8M$5.4M
Pension plan contributionsLn 8$1.2M$989K$242K
Other employee benefitsLn 9$1.1M$906K$221K
Payroll taxesLn 10$1.7M$1.4M$336K
Management feesLn 11a$18.1M$4.3M$13.7M
Other fees for servicesLn 11g$1.4M$292K$1.2M
Office expensesLn 13$303K$169K$133K
OccupancyLn 16$143K$130K$13K
TravelLn 17$17K$8K$9K
Conferences, conventions and meetingsLn 19$135K$128K$7K
Depreciation, depletion and amortizationLn 22$483K$385K$98K
Other expenses (24a–d)Ln 24$4K$1K$2K
Total functional expensesLn 25$56.8M$35.3M$21.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $36.7M$56.8M−$20.0M−$16.5M 990 PDF
FY2023 $30.9M$35.3M−$4.4M$3.6M 990 PDF
FY2022 $37.1M$36.3M$847K$8.0M 990 PDF
FY2021 $39.3M$35.5M$3.8M$7.1M 990 PDF
FY2020 $36.5M$37.1M−$567K$3.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $36,726,486 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,107,087$2,683,480
I-9 Program service revenuePrior year $20,956,034$33,860,576
I-10 Investment incomePrior year $75,680$35,505
I-11 Other revenuePrior year $791,708$146,925
I-12 Total revenuePrior year $30,930,509$36,726,486
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $26,296,215$36,158,401
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $9,010,906$20,608,021
I-18 Total expensesPrior year $35,307,121$56,766,422
I-19 Revenue less expensesPrior year −$4,376,612−$20,039,936
Part VI · Governance 0 of 1 board members independent, 3 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $36,726,486 across 6 lines filed
Lines not itemized here account for $101,517 of total revenue; see the IRS return.
VIII-1d Related organizations$2,683,480
VIII-1h Total contributions, gifts and grants$2,683,480
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $33,860,576$33,860,576
VIII-3 Investment incomeExcluded from tax $35,505$35,505
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $45,408$45,408
VIII-12 Total revenueRelated to mission $34,007,501 · Unrelated business $0 · Excluded from tax $35,505$36,726,486
Part IX · Statement of functional expenses $56,766,422 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $753,960 · Management $157,413$911,373
IX-7 Other salaries and wagesPrograms $25,793,393 · Management $5,385,199$31,178,592
IX-8 Pension plan contributionsPrograms $989,115 · Management $241,509$1,230,624
IX-9 Other employee benefitsPrograms $905,872 · Management $221,183$1,127,055
IX-10 Payroll taxesPrograms $1,375,023 · Management $335,734$1,710,757
IX-11a Management feesPrograms $4,343,631 · Management $13,736,530$18,080,161
IX-11g Other fees for servicesPrograms $292,129 · Management $1,151,334$1,443,463
IX-13 Office expensesPrograms $169,376 · Management $133,441$302,817
IX-16 OccupancyPrograms $129,953 · Management $12,762$142,715
IX-17 TravelPrograms $8,283 · Management $8,654$16,937
IX-19 Conferences, conventions and meetingsPrograms $128,277 · Management $6,940$135,217
IX-22 Depreciation, depletion and amortizationPrograms $384,679 · Management $98,382$483,061
IX-24 Other expenses (24a–d)Programs $1,401 · Management $2,249$3,650
IX-25 Total functional expensesPrograms $35,275,092 · Management $21,491,330 · Fundraising $0$56,766,422
Part X · Balance sheet $8,601,414 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $179,366$0
X-4 Accounts receivableStart of year $1,736,308$4,362,328
X-9 Prepaid expenses and deferred chargesStart of year $176,928$99
X-10c Land, buildings and equipment, netStart of year $1,821,225$1,338,165
X-15 Other assetsStart of year $2,939,698$2,900,822
X-16 Total assetsStart of year $7,329,512$8,601,414
X-17 Accounts payable and accrued expensesStart of year $3,305,226$4,817,850
X-25 Other liabilitiesStart of year $436,827$20,236,041
X-26 Total liabilitiesStart of year $3,742,053$25,053,891
X-27 Net assets without donor restrictionsStart of year $3,587,459−$16,452,477
X-32 Total net assets or fund balancesStart of year $3,587,459−$16,452,477
X-33 Total liabilities and net assetsStart of year $7,329,512$8,601,414
Part XI · Reconciliation of net assets −$16,452,477 net assets at year end
XI-1 Total revenue$36,726,486
XI-2 Total expenses$56,766,422
XI-3 Revenue less expenses−$20,039,936
XI-4 Net assets at start of year$3,587,459
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$16,452,477

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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