Beebe Physician Network INC FY2024 filing

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Beebe Physician Network is a community healthcare provider that provides essential Physician services in eastern sussex county, a Physician under-served area since 1976.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$8.1M 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

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $36.2M a year · 64% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$8.1M
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
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$384.3M
×17 of total assets
Concern: liabilities are 1700% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 10 voting members
Worth a look: 2 of 10 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$62.2M
-1% vs prior year
Spent
$101.2M
To programs
75%
Net assets
−$360.4M
By yearFY2020–FY2025
Revenue
$62.2M
FY2024▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$45.2M
FY2021$49.8M
FY2022$57.6M
FY2023$63.0M
FY2024$62.2M
FY2025$62.1M
Expenses
$101.2M
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$74.2M
FY2021$81.9M
FY2022$89.1M
FY2023$98.2M
FY2024$101.2M
FY2025$112.7M
Net assets
−$360.4M
FY2024▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020−$222.6M
FY2021−$254.7M
FY2022−$286.3M
FY2023−$321.4M
FY2024−$360.4M
FY2025−$411.0M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2000.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $75.9M Management & general 25% · $25.3M

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

Something off? Claim to add context

Who runs it and what they're paid

18 people listed on the 990; $8.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Physician
$1,455,511Pt VII · Sec A
$962,192Pt VII · Sec A
Physician
$959,886Pt VII · Sec A
Director/Physician
$908,609Pt VII · Sec A
$873,994Pt VII · Sec A
Physician
$778,010Pt VII · Sec A
Director/Physician (beg 08/2023)
$582,171Pt VII · Sec A
Director/Physician (thru 08/2023)
$543,740Pt VII · Sec A

Tarek Waked’s $1.2M as Physician is at the 95th percentile of top reported officer pay among 2901 $10–100M 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tarek Waked$1,227,782$1,455,511$1,290,727$645,678——
Erik D Stancofski$973,726$962,192$1,169,729$747,033$612,090$765,437
Kurt Wehberg———$652,967$1,038,021$956,737
Delbert Kwan$974,399$908,609$902,019$762,728$829,274$871,692
Stephen Marra$928,644$959,886————
Ramakrishna Tatineni$790,370$873,994$933,068$771,256$690,844—
Mark Wilkinson$898,786—————
Mark Facciolo——$888,219———

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.

See Beebe Physician Network INC executive salaries →

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 essential physician services to an underserved community.

Questions for Beebe Physician Network INC

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3 programs · $75.8M · in their own filed words · FY2023
01

Beebe physician network operates a physician network which assists in meeting the health needs and goals of all persons in its service area without discrimination, as an integral part of the community of sussex county.

$57.5Mprogram expense
02

Beebe physician network provides continuous care for inpatient and unreffered patients through the BPN hospitalist program.

$12.0Mprogram expense
03

Beebe physician network has filled the community need with access of care to the community and filled the voids through beebe gastroenterology associates.

$6.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$62.2M
Ln 12
Fees for servicesLn 2g$61.6M
Gifts and grantsLn 1h$569K
Other incomeLn 4–11$92K
Money outPt IX
$101.2M
Ln 25
Programscol B$75.9M
Managementcol C$25.3M
Owns and owesPt X
−$360.4M
net assets · Ln 32
Cash and savingsLn 1–2$3.5M
Total assetsLn 16$23.9M
LiabilitiesLn 26$384.3M
PeoplePt VI, VII
18
listed · VII A
PaidVII A11
Voting boardVI 1a10
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$569K
Government grantsLn 1e$569K
Fees for servicesLn 2g$61.6M
Other incomeLn 4–11$92K
Total revenueLn 12$62.2M
Assets in detailPt X, end of year
CashLn 1$3.5M
Cash and savings togetherLn 1–2$3.5M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3.3M
Other assetsLn 15$11.8M
Total assetsLn 16$23.9M
LiabilitiesLn 26$384.3M
Net assetsLn 32−$360.4M
OperationsPt I, VI
EmployeesI 5673
VolunteersI 68
Fiscal year endsHeaderJune
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 FY24End FY24
Cash and savingsLn 1–2$3.3M$3.5M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$2.9M$3.3M
Total assetsLn 16$16.6M$23.9M
LiabilitiesLn 26$338.0M$384.3M
Net assetsLn 32−$321.4M−$360.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$2.5M$2.5M
Other salaries and wagesLn 7$69.2M$50.6M$18.6M
Pension plan contributionsLn 8$2.5M$1.9M$615K
Other employee benefitsLn 9$5.1M$3.9M$1.2M
Payroll taxesLn 10$3.8M$2.9M$898K
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$24K$13K$11K
Other fees for servicesLn 11g$6.5M$4.0M$2.5M
Advertising and promotionLn 12$135$135
Office expensesLn 13$4.9M$4.4M$489K
Information technologyLn 14$8K$8K
OccupancyLn 16$5.2M$4.4M$798K
TravelLn 17$7K$5K$2K
Conferences, conventions and meetingsLn 19$59K$48K$11K
Depreciation, depletion and amortizationLn 22$578K$527K$51K
InsuranceLn 23$535K$411K$124K
Other expenses (24a–d)Ln 24$336K$284K$51K
Total functional expensesLn 25$101.2M$75.9M$25.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 14, 2026 $62.1M$112.7M−$50.5M−$411.0M 990 PDF
FY2024 ViewingFiled with the IRS May 13, 2025 $62.2M$101.2M−$39.0M−$360.4M 990 PDF
FY2023Filed with the IRS May 15, 2024 $63.0M$98.2M−$35.2M−$321.4M 990 PDF
FY2022Filed with the IRS May 15, 2023 $57.6M$89.1M−$31.5M−$286.3M 990 PDF
FY2021Filed with the IRS May 13, 2022 $49.8M$81.9M−$32.1M−$254.7M 990 PDF
FY2020Filed with the IRS May 17, 2021 $45.2M$74.2M−$29.0M−$222.6M 990 PDF

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 $62,212,184 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $413,482$568,643
I-9 Program service revenuePrior year $62,497,709$61,551,576
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $100,326$91,965
I-12 Total revenuePrior year $63,011,517$62,212,184
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 $81,147,104$83,088,457
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $17,019,751$18,157,191
I-18 Total expensesPrior year $98,166,855$101,245,648
I-19 Revenue less expensesPrior year −$35,155,338−$39,033,464
Part VI · Governance 2 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members2
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 $62,212,184 across 5 lines filed
VIII-1e Government grants$568,643
VIII-1h Total contributions, gifts and grants$568,643
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $61,551,576$61,551,576
VIII-6 Net rental income or lossExcluded from tax $91,965$91,965
VIII-12 Total revenueRelated to mission $61,551,576 · Unrelated business $0 · Excluded from tax $91,965$62,212,184
Part IX · Statement of functional expenses $101,245,648 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $2,492,924$2,492,924
IX-7 Other salaries and wagesPrograms $50,605,921 · Management $18,578,575$69,184,496
IX-8 Pension plan contributionsPrograms $1,874,791 · Management $614,984$2,489,775
IX-9 Other employee benefitsPrograms $3,945,073 · Management $1,172,863$5,117,936
IX-10 Payroll taxesPrograms $2,905,380 · Management $897,946$3,803,326
IX-11b Legal feesManagement $15,100$15,100
IX-11c Accounting feesPrograms $13,032 · Management $10,992$24,024
IX-11g Other fees for servicesPrograms $3,988,695 · Management $2,529,214$6,517,909
IX-12 Advertising and promotionPrograms $135$135
IX-13 Office expensesPrograms $4,419,598 · Management $488,869$4,908,467
IX-14 Information technologyPrograms $7,766$7,766
IX-16 OccupancyPrograms $4,371,106 · Management $798,185$5,169,291
IX-17 TravelPrograms $5,153 · Management $2,320$7,473
IX-19 Conferences, conventions and meetingsPrograms $47,904 · Management $10,632$58,536
IX-22 Depreciation, depletion and amortizationPrograms $527,196 · Management $50,971$578,167
IX-23 InsurancePrograms $411,208 · Management $123,576$534,784
IX-24 Other expenses (24a–d)Programs $284,250 · Management $51,289$335,539
IX-25 Total functional expensesPrograms $75,900,132 · Management $25,345,516 · Fundraising $0$101,245,648
Part X · Balance sheet $23,872,049 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $3,291,114$3,546,866
X-4 Accounts receivableStart of year $4,707,017$5,185,746
X-9 Prepaid expenses and deferred chargesStart of year $0$45,973
X-10c Land, buildings and equipment, netStart of year $2,885,660$3,324,891
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-15 Other assetsStart of year $5,721,447$11,768,573
X-16 Total assetsStart of year $16,605,238$23,872,049
X-17 Accounts payable and accrued expensesStart of year $16,772,447$18,272,155
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $321,242,536$366,043,103
X-26 Total liabilitiesStart of year $338,014,983$384,315,258
X-27 Net assets without donor restrictionsStart of year −$321,409,745−$360,443,209
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$321,409,745−$360,443,209
X-33 Total liabilities and net assetsStart of year $16,605,238$23,872,049
Part XI · Reconciliation of net assets −$360,443,209 net assets at year end
XI-1 Total revenue$62,212,184
XI-2 Total expenses$101,245,648
XI-3 Revenue less expenses−$39,033,464
XI-4 Net assets at start of year−$321,409,745
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$360,443,209

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

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