Baptist Physician Network FY2024 filing

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Baptist Physician Network provides medical care to the communities of beaumont and orange, texas and the surrounding area by recruiting, engaging and overseeing primary care and specialist physicians, as well as other healthcare practitioners, who provide medical and healthcare services to those in need of such services, without regard to the ability to pay, consistent with the philosophy of Baptist hospitals of southeast texas, a non profit, tax exempt organization, which is the sole corporate member of Baptist Physician Network.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 76-0453250) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$2.8M 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
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
0 of 6
filings with a surplus
Average deficit $11.7M a year · 91% of revenue · last 6 filings
A surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
94% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.8M
to officers and key staff · 8% of spending
Pay to officers and key staff is 8% of spending.
Part VII, Section A
0.3 mo
of spending, in cash
0.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$80.3M
×22 of total assets
Liabilities are 2200% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$16.7M
+49% vs prior year
Spent
$33.1M
To programs
94%
Net assets
−$76.4M
By yearFY2020–FY2025
Revenue
$16.7M
FY2024▲ +49%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.4M
FY2021$7.3M
FY2022$9.2M
FY2023$11.3M
FY2024$16.7M
FY2025$25.2M
Expenses
$33.1M
FY2024▲ +49%
Tap a bar for its year
Expenses by fiscal year
FY2020$12.5M
FY2021$14.8M
FY2022$17.5M
FY2023$22.3M
FY2024$33.1M
FY2025$47.3M
Net assets
−$76.4M
FY2024▼ -27%
Tap a bar for its year
Net assets by fiscal year
FY2020−$33.2M
FY2021−$40.7M
FY2022−$49.0M
FY2023−$60.0M
FY2024−$76.4M
FY2025−$98.6M

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

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 Aug 2009.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $31.1M Management & general 6% · $2.1M

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; $2.8M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$688,116Pt VII · Sec A
$587,759Pt VII · Sec A
$560,355Pt VII · Sec A
$529,472Pt VII · Sec A
$418,927Pt VII · Sec A
President/CEO
$0Pt VII · Sec A
Director/Board Member
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A

Jeffrey Spaw MD’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
Jeffrey Spaw MD$1,172,588$688,116$776,478———
Preston Kerr MD$1,109,370$529,472————
Mohammad Alghrouz$873,333—————
Nwakile Chinualumogu MD$753,929—————
Mohamed Vadva MD$549,085$587,759$537,593$539,800——
Curtis Montgomery—$560,355————
Mohamed Vadva————$560,068$277,604
Sharad Sharma MD———$558,577$381,314—

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 Baptist Physician Network 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

Recruit and oversee doctors to provide medical care in Beaumont and Orange, Texas.

Questions for Baptist Physician Network

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1 program · $31.1M · in their own filed words · FY2023
01

Baptist physician network provides medical care to the communities of beaumont and orange, texas and the surrounding area by recruiting, engaging and overseeing primary care and specialist physicians, as well as other healthcare practitioners, who provide medical and healthcare services to those in need of such services, without regard…

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 76-0453250) · Dispute this line
$31.1Mprogram 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
$16.7M
Ln 12
Fees for servicesLn 2g$16.7M
Money outPt IX
$33.1M
Ln 25
Programscol B$31.1M
Managementcol C$2.1M
Owns and owesPt X
−$76.4M
net assets · Ln 32
Cash and savingsLn 1–2$936K
Total assetsLn 16$3.9M
LiabilitiesLn 26$80.3M
PeoplePt VI, VII
12
listed · VII A
PaidVII A5
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$16.7M
Total revenueLn 12$16.7M
Assets in detailPt X, end of year
CashLn 1$936K
Cash and savings togetherLn 1–2$936K
Accounts receivableLn 4$1.0M
Inventories for sale or useLn 8$10K
Prepaid expenses and deferred chargesLn 9$1.3M
Land, buildings, equipmentLn 10c$613K
Total assetsLn 16$3.9M
LiabilitiesLn 26$80.3M
Net assetsLn 32−$76.4M
OperationsPt I, VI
EmployeesI 531
VolunteersI 63
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$705K$936K
Land, buildings, equipmentLn 10c$97K$613K
Total assetsLn 16$1.8M$3.9M
LiabilitiesLn 26$61.8M$80.3M
Net assetsLn 32−$60.0M−$76.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$15.0M$14.0M$1.0M
Pension plan contributionsLn 8$226K$213K$13K
Other employee benefitsLn 9$777K$642K$136K
Payroll taxesLn 10$772K$698K$75K
Other fees for servicesLn 11g$0$0$0$0
Office expensesLn 13$523K$471K$53K
OccupancyLn 16$169K$169K
Conferences, conventions and meetingsLn 19$47K$46K$578
Depreciation, depletion and amortizationLn 22$230K$230K
InsuranceLn 23$166K$157K$9K
Other expenses (24a–d)Ln 24$13.8M$13.8M$27K
All other expensesLn 24e$1.4M$707K$703K$0
Total functional expensesLn 25$33.1M$31.1M$2.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 30, 2026 $25.2M$47.3M−$22.2M−$98.6M 990 PDF
FY2024 ViewingFiled with the IRS May 6, 2025 $16.7M$33.1M−$16.4M−$76.4M 990 PDF
FY2023Filed with the IRS May 13, 2024 $11.3M$22.3M−$11.0M−$60.0M 990 PDF
FY2022Filed with the IRS May 6, 2023 $9.2M$17.5M−$8.3M−$49.0M 990 PDF
FY2021Filed with the IRS May 9, 2022 $7.3M$14.8M−$7.5M−$40.7M 990 PDF
FY2020Filed with the IRS Apr 19, 2021 $7.4M$12.5M−$5.1M−$33.2M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2024 990
Part I · Summary $16,729,827 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $11,257,128$16,729,827
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $11,257,128$16,729,827
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $11,680,993$16,795,183
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $10,595,492$16,335,794
I-18 Total expensesPrior year $22,276,485$33,130,977
I-19 Revenue less expensesPrior year −$11,019,357−$16,401,150
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $16,729,827 across 3 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 $16,729,827$16,729,827
VIII-12 Total revenueRelated to mission $16,729,827 · Unrelated business $0 · Excluded from tax $0$16,729,827
Part IX · Statement of functional expenses $33,130,977 across 12 lines filed
IX-7 Other salaries and wagesPrograms $13,974,562 · Management $1,044,971$15,019,533
IX-8 Pension plan contributionsPrograms $213,294 · Management $12,661$225,955
IX-9 Other employee benefitsPrograms $641,597 · Management $135,857$777,454
IX-10 Payroll taxesPrograms $697,581 · Management $74,660$772,241
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $470,865 · Management $52,555$523,420
IX-16 OccupancyPrograms $169,409$169,409
IX-19 Conferences, conventions and meetingsPrograms $46,321 · Management $578$46,899
IX-22 Depreciation, depletion and amortizationPrograms $229,793$229,793
IX-23 InsurancePrograms $156,787 · Management $9,086$165,873
IX-24 Other expenses (24a–d)Programs $13,762,719 · Management $27,370$13,790,089
IX-24e All other expensesPrograms $707,330 · Management $702,981 · Fundraising $0$1,410,311
IX-25 Total functional expensesPrograms $31,070,258 · Management $2,060,719 · Fundraising $0$33,130,977
Part X · Balance sheet $3,870,374 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $704,583$935,689
X-4 Accounts receivableStart of year $596,529$1,003,035
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-8 Inventories for sale or useStart of year $5,601$9,579
X-9 Prepaid expenses and deferred chargesStart of year $406,208$1,308,750
X-10c Land, buildings and equipment, netStart of year $97,457$613,321
X-15 Other assetsStart of year $7,481$0
X-16 Total assetsStart of year $1,817,859$3,870,374
X-17 Accounts payable and accrued expensesStart of year $943,895$2,074,085
X-22 Loans from officers and insidersStart of year $0$0
X-25 Other liabilitiesStart of year $60,895,369$78,218,844
X-26 Total liabilitiesStart of year $61,839,264$80,292,929
X-27 Net assets without donor restrictionsStart of year −$60,021,405−$76,422,555
X-32 Total net assets or fund balancesStart of year −$60,021,405−$76,422,555
X-33 Total liabilities and net assetsStart of year $1,817,859$3,870,374
Part XI · Reconciliation of net assets −$76,422,555 net assets at year end
XI-1 Total revenue$16,729,827
XI-2 Total expenses$33,130,977
XI-3 Revenue less expenses−$16,401,150
XI-4 Net assets at start of year−$60,021,405
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$76,422,555

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

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