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← REID PHYSICIAN ASSOCIATES INC

Form 990 for tax year 2024

Filed by REID PHYSICIAN ASSOCIATES INC.

Totals

Total revenue
$105,300,362
Total expenses
$174,132,399
Contributions and grants received
$118,921
Grants paid
$0
Program service revenue
$102,047,413
Investment income
-$11,272
Other revenue
$3,145,300
Total assets, end of year
$10,613,114
Total liabilities, end of year
$738,330,719
Net assets or fund balances, end of year
-$727,717,605
Program services expenses (Part IX)
$143,529,164
Management and general expenses
$30,396,079
Fundraising expenses
$207,156
Program service expenses (Part III)
$143,529,164

Program services were 82.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $88,921

  • 1e · Government grants (contributions)

    $30,000

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $102,047,413 · related or exempt $102,047,413 · unrelated business $0 · excluded $0

  • 2b · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2c · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2e · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $8,600

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $8,600

  • 6d · Net rental income or loss

    total $8,600 · related or exempt $0 · unrelated business $0 · excluded $8,600

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $11,272

  • 7c · Gain or loss

    securities $0 · other assets -$11,272

  • 7d · Net gain or loss

    total -$11,272 · related or exempt $0 · unrelated business $0 · excluded -$11,272

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $3,136,700 · related or exempt $0 · unrelated business $0 · excluded $3,136,700

  • 11b · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11c · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $3,136,700

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $2,514,706 · program services $2,064,453 · management and general $447,084 · fundraising $3,169

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $124,551,108 · program services $102,250,498 · management and general $22,143,673 · fundraising $156,937

  • 8 · Pension plan contributions

    total $3,021,470 · program services $2,480,482 · management and general $537,181 · fundraising $3,807

  • 9 · Other employee benefits

    total $8,746,687 · program services $7,180,611 · management and general $1,555,055 · fundraising $11,021

  • 10 · Payroll taxes

    total $5,815,388 · program services $4,774,155 · management and general $1,033,905 · fundraising $7,328

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $10,648,100 · program services $7,175,222 · management and general $3,453,831 · fundraising $19,047

  • 12 · Advertising and promotion

    total $46,798 · program services $43,738 · management and general $3,045 · fundraising $15

  • 13 · Office expenses

    total $300,058 · program services $280,444 · management and general $19,521 · fundraising $93

  • 14 · Information technology

    total $103,090 · program services $96,351 · management and general $6,707 · fundraising $32

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $7,221,875 · program services $6,749,797 · management and general $469,836 · fundraising $2,242

  • 17 · Travel

    total $159,989 · program services $149,531 · management and general $10,408 · fundraising $50

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $533,323 · program services $498,461 · management and general $34,697 · fundraising $165

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,477,585 · program services $1,380,998 · management and general $96,128 · fundraising $459

  • 23 · Insurance

    total $2,511,235 · program services $2,347,081 · management and general $163,374 · fundraising $780

  • 24a · Other expenses: SUPPLIES

    total $6,480,987 · program services $6,057,342 · management and general $421,634 · fundraising $2,011

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,156 · end of year $11,207

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $7,675,018 · end of year $4,979,420

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $26,065 · end of year $26,407

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $583,351

  • 10a · Land, buildings and equipment: cost or other basis

    $21,425,690

  • 10b · Land, buildings and equipment: accumulated depreciation

    $16,461,684

  • 10c · Land, buildings and equipment, net

    beginning of year $6,454,186 · end of year $4,964,006

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $693,122 · end of year $48,723

  • 17 · Accounts payable and accrued expenses

    beginning of year $673,684,092 · end of year $738,281,995

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $61,023 · end of year $48,724

  • 27 · Net assets without donor restrictions

    beginning of year -$658,885,568 · end of year -$727,717,605

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

THE MISSION OF REID PHYSICIAN ASSOCIATES, INC. IS TO EMPLOY PHYSICIANS AND HEALTH PROFESSIONALS WHO PROMOTE COMMUNITY HEALTH THROUGH EDUCATION, PREVENTION OF ILLNESS AND INJURY, AND THE PROVISION OF QUALITY, COST EFFECTIVE MEDICAL SERVICES TO THE PUBLIC WE SERVE. THIS MISSION IS ACCOMPLISHED THROUGH 1) THE EMPLOYMENT AND RETENTION OF PHYSICIANS, MID-LEVEL PROVIDERS, AND PHYSICIAN STAFF TO ADVANCE ITS PRIMARY PURPOSE OF PROMOTING COMMUNITY HEALTH; AND 2) COMMUNITY HEALTH EDUCATION AND OUTREACH PROGRAMS FOR PATIENTS AND COMMUNITY MEMBERS, PREVENTION OF ILLNESS AND INJURY, AND PROVISION AND EXPANSION OF MEDICAL SERVICES FOR THE PUBLIC IN A MULTI-COUNTY SERVICE AREA.

Activities or mission (Part I)

TO EMPLOY PHYSICIANS & PROFESSIONALS WHO PROMOTE HEALTH THROUGH EDUCATION, PREVENTION OF ILLNESS AND INJURY, AND THE PROVISION OF QUALITY, COST EFFECTIVE SERVICES TO THE PUBLIC.

  • o IN KEEPING WITH THE SHARED COMMITMENT OF REID PHYSICIAN ASSOCIATES, INC. AND REID HOSPITAL & HEALTH CARE SERVICES, INC. TO PROVIDE SERVICE TO ALL MEMBERS OF OUR MULTI-COUNTY SERVICE AREA INCLUDING THE ELDERLY, DISABLED, AND POOR, REID PHYSICIAN ASSOCIATES, INC. PROVIDES CARE REGARDLESS OF ABILITY TO PAY. OUR SERVICES INCLUDE THOSE COVERED BY THE MEDICARE AND MEDICAID PROGRAMS AT BELOW COST AS WELL AS DISCOUNTED SERVICES FOR THE POOR IN ACCORDANCE WITH REID HOSPITAL & HEALTH CARE SERVICES, INC.'S FINANCIAL ASSISTANCE POLICY. IN 2024, REID PHYSICIAN ASSOCIATES, INC. PROVIDED OUR COMMUNITY A TOTAL OF 59,041 PHYSICIAN DAYS, RESULTING IN 867,887 PATIENT ENCOUNTERS OF WHICH 410,711 WERE MEDICARE AND 185,870 WERE MEDICAID PATIENT ENCOUNTERS. THESE PATIENT ENCOUNTERS INCLUDE 36,140 FIRST TIME PATIENTS WITH 17,103 BEING MEDICARE AND 7,740 BEING MEDICAID PATIENTS. PLEASE NOTE, PAYER BREAKDOWNS ARE ESTIMATED BASED OFF OF PROPORTION OF GROSS CHARGES FOR THESE PAYER TYPES.

    Expenses $143,529,164 · Revenue $102,047,413

As filed on the 2024 return.

Listed in Part VII

  • Bonita Washington-Lacey

    BOARD MEMBER - SECRETARY

    Total calculated
    $0
    Hours/week
    3 + 6 related

  • Craig Kinyon

    PRESIDENT - CHIEF EXECUTIVE OFFICER

    Total calculated
    $2,692,980
    From this org
    $0
    From related orgs
    $2,541,651
    Other
    $151,329
    Hours/week
    12.5 + 62.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,384,121 related
    Bonus
    $0 + $1,563 related
    Other
    $0 + $155,967 related
    Deferred
    $0 + $144,211 related
    Nontaxable benefits
    $0 + $7,118 related
    Filer's total
    $0 + $2,692,980 related

  • Garry Kleer

    Board Member / Board Member - Treasurer (Term Start 8/2024)

    Total calculated
    $0
    Hours/week
    6 + 12 related

  • James Tanner

    BOARD MEMBER - 2ND VICE CHAIR

    Total calculated
    $0
    Hours/week
    3 + 6 related

  • Mark Harrington

    Board Member - Treasurer (Term End 8/2024) / Board Member Chair (Term Start 8/2024)

    Total calculated
    $0
    Hours/week
    6 + 12 related

  • Paul Lingle

    Board Member - 1st Vice Chair

    Total calculated
    $0
    Hours/week
    3 + 6 related

  • Tom Hilkert

    Board Member / Chair (Term End 8/2024)

    Total calculated
    $0
    Hours/week
    6 + 12 related

  • Aleasia Stewart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3 + 6 related

  • Annuradah Bhandari MD

    Board Member

    Total calculated
    $504,669
    From this org
    $487,698
    From related orgs
    $0
    Other
    $16,971
    Hours/week
    50 + 6 related

    Schedule J breakdown matched by us

    Base
    $286,205
    Bonus
    $201,268
    Other
    $225
    Deferred
    $12,777
    Nontaxable benefits
    $4,194
    Filer's total
    $504,669

  • Brad Collins

    Board Member

    Total calculated
    $0
    Hours/week
    3 + 6 related

  • Brett Guiley

    Board Member

    Total calculated
    $0
    Hours/week
    3 + 6 related

  • Dave Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3 + 6 related

  • Denise Retz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3 + 6 related

  • John Henderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3 + 6 related

  • John McGinty MD

    BOARD MEMBER

    Total calculated
    $888,728
    From this org
    $846,893
    From related orgs
    $0
    Other
    $41,835
    Hours/week
    50 + 6 related

    Schedule J breakdown matched by us

    Base
    $496,001
    Bonus
    $350,406
    Other
    $486
    Deferred
    $37,835
    Nontaxable benefits
    $4,000
    Filer's total
    $888,728

  • Jordan Raynor MD

    BOARD MEMBER

    Total calculated
    $544,142
    From this org
    $523,065
    From related orgs
    $0
    Other
    $21,077
    Hours/week
    50 + 6 related

    Schedule J breakdown matched by us

    Base
    $443,758
    Bonus
    $75,302
    Other
    $4,005
    Deferred
    $14,835
    Nontaxable benefits
    $6,242
    Filer's total
    $544,142

  • Kathy Girten

    Board Member

    Total calculated
    $0
    Hours/week
    3 + 6 related

  • Morgan Howard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3 + 6 related

  • Robin Henry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3 + 6 related

  • Sam Iden MD

    BOARD MEMBER

    Total calculated
    $577,167
    From this org
    $535,729
    From related orgs
    $0
    Other
    $41,438
    Hours/week
    50 + 6 related

    Schedule J breakdown matched by us

    Base
    $265,898
    Bonus
    $247,872
    Other
    $21,959
    Deferred
    $36,155
    Nontaxable benefits
    $5,283
    Filer's total
    $577,167

  • Christopher Neher

    Physician - Orthopedic

    Total calculated
    $1,325,177
    From this org
    $1,276,746
    From related orgs
    $0
    Other
    $48,431
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $678,442
    Bonus
    $593,789
    Other
    $4,515
    Deferred
    $37,835
    Nontaxable benefits
    $10,596
    Filer's total
    $1,325,177

  • Hon Vien

    Physician - Orthopedic

    Total calculated
    $2,034,386
    From this org
    $1,994,155
    From related orgs
    $0
    Other
    $40,231
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $913,619
    Bonus
    $1,080,149
    Other
    $387
    Deferred
    $32,835
    Nontaxable benefits
    $7,396
    Filer's total
    $2,034,386

  • Mario Lee

    Physician - Orthopedic

    Total calculated
    $1,176,287
    From this org
    $1,128,006
    From related orgs
    $0
    Other
    $48,281
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $840,394
    Bonus
    $286,637
    Other
    $975
    Deferred
    $37,835
    Nontaxable benefits
    $10,446
    Filer's total
    $1,176,287

  • Mohey Saleh

    Physician - Cardiothoracic Surgeon

    Total calculated
    $1,166,381
    From this org
    $1,125,348
    From related orgs
    $0
    Other
    $41,033
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $796,801
    Bonus
    $323,675
    Other
    $4,872
    Deferred
    $37,835
    Nontaxable benefits
    $3,198
    Filer's total
    $1,166,381

  • Naeem Raza

    Physician

    Total calculated
    $1,692,309
    From this org
    $1,653,134
    From related orgs
    $0
    Other
    $39,175
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $652,468
    Bonus
    $999,991
    Other
    $675
    Deferred
    $31,643
    Nontaxable benefits
    $7,532
    Filer's total
    $1,692,309

  • Janet Meckley MD

    Former BOARD MEMBER

    Total calculated
    $417,771
    From this org
    $381,171
    From related orgs
    $0
    Other
    $36,600
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $231,734
    Bonus
    $148,120
    Other
    $1,317
    Deferred
    $34,335
    Nontaxable benefits
    $2,265
    Filer's total
    $417,771

  • Roy Teng Do

    Former Board Member

    Total calculated
    $1,064,713
    From this org
    $1,020,076
    From related orgs
    $0
    Other
    $44,637
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $546,197
    Bonus
    $472,781
    Other
    $1,098
    Deferred
    $37,835
    Nontaxable benefits
    $6,802
    Filer's total
    $1,064,713

  • William Black

    Former BOARD MEMBER

    Total calculated
    $27,030
    From this org
    $27,030
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $27,030
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $27,030

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees
DURING CALENDAR YEAR 2024 REID PHYSICIAN ASSOCIATES, INC. PROVIDED SOCIAL CLUB DUES TO JORDAN RAYNOR MD IN THE AMOUNT OF $3,840. THE BENEFITS WERE TREATED AS TAXABLE COMPENSATION.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
REID PHYSICIAN ASSOCIATES, INC. EXECUTIVE DIRECTOR IS EMPLOYED AS AN OFFICER OF REID HOSPITAL & HEALTH CARE SERVICES, INC. COMPENSATION FOR EMPLOYEES OF REID HOSPITAL & HEALTH CARE SERVICES, INC. AND EMPLOYEES WHO WORK WITH REID PHYSICIAN ASSOCIATES, INC. IS ESTABLISHED BY THE CEO OF REID HOSPITAL & HEALTH CARE SERVICES, INC. METHODS FOR ESTABLISHING COMPENSATION WERE BASED ON VARIOUS SURVEYS AND STUDIES USED FOR ALL OFFICERS OF REID HOSPITAL & HEALTH CARE SERVICES, INC.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN OFFICERS OF REID HOSPITAL & HEALTH CARE SERVICES, INC. PARTICIPATE IN A 457F NONQUALIFIED RETIREMENT PLAN. THE FOLLOWING INDIVIDUAL PARTICIPATED IN THE PLAN. AMOUNTS PROVIDED REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. - CRAIG KINYON $106,376

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ROSE LLC

    SURGERY CENTER · IN

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.1
Source object
202523219349320997

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