Texas Tech Physicians Associates FY2020 filing

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The mission of Texas Tech physician Associates is to support medical education at Texas Tech university health sciences center through the provision of health care services.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-2624210) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$3K 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $178K a year · 2% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3K
to officers and key staff · 0.01% of spending
Pay to officers and key staff is 0.01% of spending.
Part VII, Section A
2.5 mo
of spending, in cash
2.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$4.0M
79% of total assets
Liabilities are 79% of assets.
Pt X · Ln 26
Independent board members
0
of 9 voting members
None of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$25.2M
Spent
$24.3M
To programs
99%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$25.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$25.2M
FY2021$13.2M
FY2022$6.2M
FY2023$2.1M
FY2024$1.5M
FY2025$416K
Expenses
$24.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$24.3M
FY2021$13.2M
FY2022$6.1M
FY2023$2.1M
FY2024$1.4M
FY2025$388K
Net assets
$1.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.1M
FY2023$1.1M
FY2024$1.2M
FY2025$1.2M

From the FY2020 Form 990 (year ending August 2020) · figures checked against the IRS filing · see the original

You’re viewing the FY2020 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 Jan 1998.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $24.2M Management & general 1% · $126K

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

12 people listed on the 990; $3K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Secretary/Treasury(non-Voting)
$1,667Pt VII · Sec A
Exec. Director (non-Voting)
$958Pt VII · Sec A
$0Pt VII · Sec A
Medical Director (non-Voting)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Penny Harkey’s $2K as Secretary/Treasury(non-Voting) is at the 1st percentile of top reported officer pay among 1979 $100K–1M 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Penny Harkey$1,667$1,667$1,667$1,667$1,667$1,667
Marty Clay$958$958————
Brent Magers End 123122——$958———
Brent Magers———$958$958$958

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 Texas Tech Physicians Associates 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 healthcare services to support medical education at Texas Tech University Health Sciences Center.

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1 program · $24.2M · in their own filed words · FY2019
01

To support medical education opportunities for the resident staff and medical students at texas tech university health sciences center through the provision of health care services to an expanded patient base.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-2624210) · Dispute this line
$24.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$30K
Grants paid · 1 grant · $75K · 2019–2019
Texas Tech University Health Sciences CtrFY2019$75,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$25.2M
Ln 12
Fees for servicesLn 2g$24.0M
Other incomeLn 4–11$1.2M
Investment incomeLn 3$23K
Money outPt IX
$24.3M
Ln 25
Programscol B$24.2M
Managementcol C$126K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$5.0M
Total assetsLn 16$5.1M
LiabilitiesLn 26$4.0M
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$24.0M
Investment incomeLn 3$23K
Other incomeLn 4–11$1.2M
Gains on assetsLn 7$0
Total revenueLn 12$25.2M
Assets in detailPt X, end of year
CashLn 1$5.0M
Cash and savings togetherLn 1–2$5.0M
Accounts receivableLn 4$23K
Prepaid expenses and deferred chargesLn 9$19K
Total assetsLn 16$5.1M
LiabilitiesLn 26$4.0M
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderAugust
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$4.3M$5.0M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$8.7M$5.1M
LiabilitiesLn 26$8.6M$4.0M
Net assetsLn 32$175K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$75K$75K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$3K$3K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$20K$20K
Accounting feesLn 11c$23K$23K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$22.2M$22.1M$80K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$20K$20K
Other expenses (24a–d)Ln 24$2.0M$2.0M
Total functional expensesLn 25$24.3M$24.2M$126K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 14, 2026 $416K$388K$29K$1.2M 990 PDF
FY2024Filed with the IRS Jul 15, 2025 $1.5M$1.4M$99K$1.2M 990 PDF
FY2023Filed with the IRS Jun 24, 2024 $2.1M$2.1M$41K$1.1M 990 PDF
FY2022Filed with the IRS Jun 26, 2023 $6.2M$6.1M$24K$1.1M 990 PDF
FY2021Filed with the IRS Jul 15, 2022 $13.2M$13.2M−$22K$1.1M 990 PDF
FY2020 ViewingFiled with the IRS Jul 14, 2021 $25.2M$24.3M$900K$1.1M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $25,176,351 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $32,809,837$23,999,195
I-10 Investment incomePrior year $23,435$23,270
I-11 Other revenuePrior year $120,675$1,153,886
I-12 Total revenuePrior year $32,953,947$25,176,351
I-13 Grants and similar amounts paidPrior year $0$75,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,625$2,625
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $35,341,774$24,198,345
I-18 Total expensesPrior year $35,344,399$24,275,970
I-19 Revenue less expensesPrior year −$2,390,452$900,381
Part VI · Governance 0 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members0
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 $25,176,351 across 9 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,999,195$23,999,195
VIII-3 Investment incomeExcluded from tax $23,270$23,270
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,153,886$1,153,886
VIII-12 Total revenueRelated to mission $23,999,195 · Excluded from tax $1,177,156$25,176,351
Part IX · Statement of functional expenses $24,275,970 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $75,000$75,000
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 officers and key staff (Part IX, line 5)Management $2,625$2,625
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $20,215$20,215
IX-11c Accounting feesManagement $22,796$22,796
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $22,071,588 · Management $80,184$22,151,772
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $19,560$19,560
IX-24 Other expenses (24a–d)Programs $1,984,002$1,984,002
IX-25 Total functional expensesPrograms $24,150,150 · Management $125,820 · Fundraising $0$24,275,970
Part X · Balance sheet $5,059,751 assets, 31 lines filed
X-1 Cash, non-interest-bearingStart of year $4,326,949$5,017,828
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $4,381,494$22,665
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $24,223$19,258
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $8,732,666$5,059,751
X-17 Accounts payable and accrued expensesStart of year $8,015,661$3,983,978
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $541,613$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $8,557,274$3,983,978
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $175,392$1,075,773
X-32 Total net assets or fund balancesStart of year $175,392$1,075,773
X-33 Total liabilities and net assetsStart of year $8,732,666$5,059,751
Part XI · Reconciliation of net assets $1,075,773 net assets at year end
XI-1 Total revenue$25,176,351
XI-2 Total expenses$24,275,970
XI-3 Revenue less expenses$900,381
XI-4 Net assets at start of year$175,392
XI-10 Net assets at end of year$1,075,773

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

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