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.
81¢ of each $1 spent went to programs.
$3.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.0M
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.2M
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$39.3M
+8% vs prior year
Spent
$35.5M
To programs
81%
Net assets
$7.1M
By yearFY2020–FY2024
Revenue
$39.3M
FY2021▲ +8%
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
$35.5M
FY2021▼ -4%
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
$7.1M
FY2021▲ +118%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

81 cents of each dollar spent went to programs.

Program services 81% · $28.8M Management & general 19% · $6.7M

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

13 people listed on the 990; $3.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
$552,563Pt VII · Sec A
$480,849Pt VII · Sec A
$459,577Pt VII · Sec A
$377,281Pt VII · Sec A
$372,027Pt VII · Sec A
Hpn President & Ceo-Term Ended Oct'21
$362,523Pt VII · Sec A
Hpn Medical Director
$220,463Pt VII · Sec A
Hpn COO/President as of Oct'21
$179,158Pt 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 · $28.8M · in their own filed words · FY2021
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.

$28.8Mprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$39.3M
Ln 12
Fees for servicesLn 2g$20.8M
Gifts and grantsLn 1h$18.5M
Investment incomeLn 3$293
Money outPt IX
$35.5M
Ln 25
Programscol B$28.8M
Managementcol C$6.7M
Owns and owesPt X
$7.1M
net assets · Ln 32
Cash and savingsLn 1–2$5.6M
Total assetsLn 16$11.3M
LiabilitiesLn 26$4.2M
PeoplePt VI, VII
13
listed · VII A
PaidVII A8
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18.5M
Government grantsLn 1e$2.9M
Fees for servicesLn 2g$20.8M
Investment incomeLn 3$293
Total revenueLn 12$39.3M
Assets in detailPt X, end of year
CashLn 1$5.6M
Cash and savings togetherLn 1–2$5.6M
Land, buildings, equipmentLn 10c$2.7M
Other assetsLn 15$776K
Total assetsLn 16$11.3M
LiabilitiesLn 26$4.2M
Net assetsLn 32$7.1M
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 FY21End FY21
Cash and savingsLn 1–2$4.9M$5.6M
Land, buildings, equipmentLn 10c$2.7M$2.7M
Total assetsLn 16$10.6M$11.3M
LiabilitiesLn 26$7.4M$4.2M
Net assetsLn 32$3.3M$7.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$537K$445K$93K
Other salaries and wagesLn 7$21.7M$17.9M$3.7M
Pension plan contributionsLn 8$459K$369K$90K
Other employee benefitsLn 9$3.1M$2.5M$608K
Payroll taxesLn 10$1.3M$1.0M$249K
Other fees for servicesLn 11g$1.5M$368K$1.2M
Advertising and promotionLn 12$237K$22K$215K
Office expensesLn 13$358K$204K$154K
OccupancyLn 16$2.3M$2.1M$208K
TravelLn 17$50K$24K$25K
Conferences, conventions and meetingsLn 19$157K$149K$8K
Depreciation, depletion and amortizationLn 22$539K$429K$110K
InsuranceLn 23$290K$287K$2K
Other expenses (24a–d)Ln 24$3.0M$2.9M$42K
All other expensesLn 24e$9K$4K$5K
Total functional expensesLn 25$35.5M$28.8M$6.7M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $39,333,911 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,735,015$18,519,264
I-9 Program service revenuePrior year $20,786,095$20,814,354
I-10 Investment incomePrior year −$10,486$293
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $36,510,624$39,333,911
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 $28,588,222$27,035,217
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,489,232$8,448,889
I-18 Total expensesPrior year $37,077,454$35,484,106
I-19 Revenue less expensesPrior year −$566,830$3,849,805
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $39,333,911 across 6 lines filed
VIII-1e Government grants$2,900,000
VIII-1f All other contributions, gifts and grants$15,619,264
VIII-1h Total contributions, gifts and grants$18,519,264
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,814,354$20,814,354
VIII-3 Investment incomeExcluded from tax $293$293
VIII-12 Total revenueRelated to mission $20,814,354 · Unrelated business $0 · Excluded from tax $293$39,333,911
Part IX · Statement of functional expenses $35,484,106 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $444,576 · Management $92,820$537,396
IX-7 Other salaries and wagesPrograms $17,928,272 · Management $3,743,103$21,671,375
IX-8 Pension plan contributionsPrograms $368,555 · Management $89,989$458,544
IX-9 Other employee benefitsPrograms $2,491,890 · Management $608,436$3,100,326
IX-10 Payroll taxesPrograms $1,018,815 · Management $248,761$1,267,576
IX-11g Other fees for servicesPrograms $367,833 · Management $1,163,254$1,531,087
IX-12 Advertising and promotionPrograms $21,774 · Management $214,993$236,767
IX-13 Office expensesPrograms $203,665 · Management $154,110$357,775
IX-16 OccupancyPrograms $2,115,574 · Management $207,758$2,323,332
IX-17 TravelPrograms $24,374 · Management $25,466$49,840
IX-19 Conferences, conventions and meetingsPrograms $149,188 · Management $8,072$157,260
IX-22 Depreciation, depletion and amortizationPrograms $429,083 · Management $109,739$538,822
IX-23 InsurancePrograms $287,418 · Management $2,375$289,793
IX-24 Other expenses (24a–d)Programs $2,912,935 · Management $42,314$2,955,249
IX-24e All other expensesPrograms $4,384 · Management $4,580$8,964
IX-25 Total functional expensesPrograms $28,768,336 · Management $6,715,770 · Fundraising $0$35,484,106
Part X · Balance sheet $11,288,141 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $4,893,467$5,645,605
X-4 Accounts receivableStart of year $1,751,516$1,788,614
X-9 Prepaid expenses and deferred chargesStart of year $370,237$368,585
X-10c Land, buildings and equipment, netStart of year $2,747,911$2,709,828
X-15 Other assetsStart of year $879,061$775,509
X-16 Total assetsStart of year $10,642,192$11,288,141
X-17 Accounts payable and accrued expensesStart of year $4,474,828$4,162,158
X-24 Unsecured notes and loans payableStart of year $2,900,000$0
X-25 Other liabilitiesStart of year $0$8,814
X-26 Total liabilitiesStart of year $7,374,828$4,170,972
X-27 Net assets without donor restrictionsStart of year $3,267,364$7,117,169
X-32 Total net assets or fund balancesStart of year $3,267,364$7,117,169
X-33 Total liabilities and net assetsStart of year $10,642,192$11,288,141
Part XI · Reconciliation of net assets $7,117,169 net assets at year end
XI-1 Total revenue$39,333,911
XI-2 Total expenses$35,484,106
XI-3 Revenue less expenses$3,849,805
XI-4 Net assets at start of year$3,267,364
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,117,169

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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