Fayette Physician Network INC FY2020 filing

Tax-deductible

Morgantown, WV501(c)(3)Since 2012HospitalsEIN 45-5440305Revenue $4.3M in FY2020

On file with the IRSuniontownhospital.com1 Medical Center Dr Box 8034, 26506-1200 · Morgantown, WVTax-exempt since Jul 2014Hospital or medical research org — 170(b)(1)(A)(iii)

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Fayette Physician Network, Inc. owns and operates physician practices that provide healthcare services primarily to the residents of Fayette County Pennsylvania and the surrounding areas.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$2.5M 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

FY2020 · 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
4 of 5
filings with a surplus
Average deficit $2.0M a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.5M
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.9M
130% of total assets
Concern: liabilities are 130% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 11 voting members
Looks good: 9 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.3M
-55% vs prior year
Spent
$8.9M
To programs
95%
Net assets
−$894K
By yearFY2020–FY2024
Revenue
$4.3M
FY2020▼ -55%
Tap a bar for its year
Revenue by fiscal year
FY2020$9.4M
FY2020$4.3M
FY2021$30.6M
FY2022$62.9M
FY2023$159.0M
FY2024$236.1M
Expenses
$8.9M
FY2020▼ -56%
Tap a bar for its year
Expenses by fiscal year
FY2020$20.2M
FY2020$8.9M
FY2021$30.6M
FY2022$62.8M
FY2023$158.9M
FY2024$235.4M
Net assets
−$894K
FY2020▼ -324%
Tap a bar for its year
Net assets by fiscal year
FY2020$399K
FY2020−$894K
FY2021$42K
FY2022$637K
FY2023$664K
FY2024$1.3M

From the FY2020 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 Jul 2014.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $8.4M Management & general 5% · $457K

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

15 people listed on the 990; $2.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
$706,032Pt VII · Sec A
Physician
$501,496Pt VII · Sec A
$447,686Pt VII · Sec A
Physician
$423,759Pt VII · Sec A
$416,694Pt VII · Sec A
Secretary/CEO
$0Pt VII · Sec A
Treasurer/CFO
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Carl Hasselman MD’s $1.8M as Physician - Orthopedics is at the 80th percentile of top reported officer pay among 1747 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2023FY2022FY2021FY2020FY2020
Carl Hasselman MD$1,831,827—————
Ari Pressman MD$1,815,973$1,728,584$1,779,602———
Manny Molina MD$1,226,181—————
Philip Cox DO$1,065,362—————
Clark Adkins MD—$1,030,278————
James Perry$1,011,139—————
Peter Kochupura MD——$966,024———
Mukul Patil MD—$856,255$635,254———

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

Operates physician practices, clinics, and emergency departments to provide comprehensive healthcare services to residents of Fayette County, Pennsylvania, and surrounding multi-state areas.

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Provided by the organization

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3 programs · $8.4M · in their own filed words · FY2020
01

Fayette Physician Network Inc. FPN is a nonprofit corportation formed in July 2012. FPN was formed to own and operate physician practices that serve the patients of Fayette County Pennsylvania and the surrounding area.

$8.4Mprogram expense
02

Fayette Physicin Network, Inc. received revenue from Uniontown Hospital, an affiliated organization, for the sharing of FPN paid employees related to staffing shortages caused by the Covid-19 Pandemic.

$44Kprogram expense
03

Fayette Physician Network, Inc. received additional miscellaneous revenue related to the operations of the practice.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.3M
Ln 12
Fees for servicesLn 2g$4.2M
Other incomeLn 4–11$40K
Investment incomeLn 3$704
Money outPt IX
$8.9M
Ln 25
Programscol B$8.4M
Managementcol C$457K
Owns and owesPt X
−$894K
net assets · Ln 32
Cash and savingsLn 1–2$510K
Total assetsLn 16$3.0M
LiabilitiesLn 26$3.9M
PeoplePt VI, VII
15
listed · VII A
PaidVII A5
Voting boardVI 1a11
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.2M
Investment incomeLn 3$704
Other incomeLn 4–11$40K
Total revenueLn 12$4.3M
Assets in detailPt X, end of year
CashLn 1$510K
Cash and savings togetherLn 1–2$510K
Land, buildings, equipmentLn 10c$575K
Other assetsLn 15$918K
Total assetsLn 16$3.0M
LiabilitiesLn 26$3.9M
Net assetsLn 32−$894K
OperationsPt I, VI
EmployeesI 5175
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$815K$510K
Land, buildings, equipmentLn 10c$512K$575K
Total assetsLn 16$2.9M$3.0M
LiabilitiesLn 26$2.5M$3.9M
Net assetsLn 32$399K−$894K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$4.6M$4.5M$102K
Pension plan contributionsLn 8$135K$132K$3K
Other employee benefitsLn 9$406K$396K$9K
Payroll taxesLn 10$221K$216K$5K
Management feesLn 11a$425K$170K$255K
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$13K$13K
Other fees for servicesLn 11g$293K$264K$29K
Advertising and promotionLn 12$0
Office expensesLn 13$14K$11K$4K
Information technologyLn 14$95K$95K
RoyaltiesLn 15$0
OccupancyLn 16$204K$178K$26K
TravelLn 17$52$47$5
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$8K$7K$780
InterestLn 20$1K$1K$116
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$75K$67K$7K
InsuranceLn 23$189K$189K
Other expenses (24a–d)Ln 24$2.2M$2.2M
All other expensesLn 24e$25K$23K$3K
Total functional expensesLn 25$8.9M$8.4M$457K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $236.1M$235.4M$684K$1.3M 990 PDF
FY2023 $159.0M$158.9M$139K$664K 990 PDF
FY2022 $62.9M$62.8M$148K$637K 990 PDF
FY2021 $30.6M$30.6M$42K$42K 990 PDF
FY2020 $9.4M$20.2M−$10.8M$399K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $4,257,434 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $463,343$0
I-9 Program service revenuePrior year $8,912,084$4,217,040
I-10 Investment incomePrior year $2,670$704
I-11 Other revenuePrior year $32,187$39,690
I-12 Total revenuePrior year $9,410,284$4,257,434
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $13,256,007$5,354,878
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $6,937,092$3,507,897
I-18 Total expensesPrior year $20,193,099$8,862,775
I-19 Revenue less expensesPrior year −$10,782,815−$4,605,341
Part VI · Governance 9 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,257,434 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,217,040$4,217,040
VIII-3 Investment incomeExcluded from tax $704$704
VIII-6 Net rental income or lossExcluded from tax $2,410$2,410
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $37,280$37,280
VIII-12 Total revenueRelated to mission $4,254,320 · Excluded from tax $3,114$4,257,434
Part IX · Statement of functional expenses $8,862,775 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $4,491,820 · Management $101,929$4,593,749
IX-8 Pension plan contributionsPrograms $131,883 · Management $2,993$134,876
IX-9 Other employee benefitsPrograms $396,491 · Management $9,206$405,697
IX-10 Payroll taxesPrograms $215,662 · Management $4,894$220,556
IX-11a Management feesPrograms $170,000 · Management $255,000$425,000
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $13,010$13,010
IX-11g Other fees for servicesPrograms $263,930 · Management $29,326$293,256
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $10,529 · Management $3,510$14,039
IX-14 Information technologyPrograms $95,057$95,057
IX-15 Royalties$0
IX-16 OccupancyPrograms $178,371 · Management $26,000$204,371
IX-17 TravelPrograms $47 · Management $5$52
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $7,024 · Management $780$7,804
IX-20 InterestPrograms $1,047 · Management $116$1,163
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $67,189 · Management $7,465$74,654
IX-23 InsurancePrograms $188,587$188,587
IX-24 Other expenses (24a–d)Programs $2,165,720$2,165,720
IX-24e All other expensesPrograms $22,666 · Management $2,518$25,184
IX-25 Total functional expensesPrograms $8,406,023 · Management $456,752 · Fundraising $0$8,862,775
Part X · Balance sheet $2,959,541 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $815,484$510,065
X-4 Accounts receivableStart of year $1,464,783$849,060
X-9 Prepaid expenses and deferred chargesStart of year $94,500$93,559
X-10c Land, buildings and equipment, netStart of year $512,470$574,788
X-14 Intangible assetsStart of year $17,945$14,198
X-15 Other assets$917,871
X-16 Total assetsStart of year $2,905,182$2,959,541
X-17 Accounts payable and accrued expensesStart of year $2,148,166$2,720,439
X-19 Deferred revenueStart of year $291,061$291,061
X-25 Other liabilitiesStart of year $66,658$841,721
X-26 Total liabilitiesStart of year $2,505,885$3,853,221
X-27 Net assets without donor restrictionsStart of year $399,297−$893,680
X-32 Total net assets or fund balancesStart of year $399,297−$893,680
X-33 Total liabilities and net assetsStart of year $2,905,182$2,959,541
Part XI · Reconciliation of net assets −$893,680 net assets at year end
XI-1 Total revenue$4,257,434
XI-2 Total expenses$8,862,775
XI-3 Revenue less expenses−$4,605,341
XI-4 Net assets at start of year$399,297
XI-9 Other changes in net assets$3,312,364
XI-10 Net assets at end of year−$893,680

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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