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Nonprofiteer
← THS PHYSICIAN PARTNERS INC

Form 990 for tax year 2023

Filed by THS PHYSICIAN PARTNERS INC.

Totals

Total revenue
$12,407,637
Total expenses
$18,922,649
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$12,181,515
Investment income
$0
Other revenue
$226,122
Total assets, end of year
$12,046,268
Total liabilities, end of year
$3,783,793
Net assets or fund balances, end of year
$8,262,475
Program services expenses (Part IX)
$18,223,963
Management and general expenses
$698,686
Fundraising expenses
$0
Program service expenses (Part III)
$18,223,963

Program services were 96.3% 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.

  • 2a · Program service revenue: Healthcare Services

    total $12,181,515 · related or exempt $12,181,515

  • 11a · Other revenue: Other Revenue

    total $187,688 · related or exempt $187,688

  • 11b · Other revenue: Hospitalists

    total $49,393 · related or exempt $49,393

  • 11e · Other revenue, total

    $226,122

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $7,201,825 · program services $6,627,119 · management and general $574,706

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $658,799 · program services $606,227 · management and general $52,572

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $504,881 · program services $464,592 · management and general $40,289

  • 12 · Advertising and promotion

    total $2,290 · program services $2,107 · management and general $183

  • 13 · Office expenses

    total $106,504 · program services $98,005 · management and general $8,499

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $68,321 · program services $62,869 · management and general $5,452

  • 17 · Travel

    total $57,948 · program services $53,324 · management and general $4,624

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $10,462,183 · program services $10,462,183

  • 22 · Depreciation, depletion and amortization

    total $59,190 · program services $54,467 · management and general $4,723

  • 23 · Insurance

    total -$981,668 · program services -$981,668

  • 24a · Other expenses: Bad Debt - Patients

    total $361,982 · program services $361,982

  • 24b · Other expenses: Medical Pharmaceutical Supplies

    total $324,681 · program services $324,681

  • 24c · Other expenses: Taxes and Licenses

    total $81,678 · program services $75,160 · management and general $6,518

  • 24d · Other expenses: Association and other dues

    total $14,035 · program services $12,915 · management and general $1,120

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $9,357,476 · end of year $10,904,048

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,286,291 · end of year $323,369

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

    $944,564

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

    $131,313

  • 10c · Land, buildings and equipment, net

    beginning of year $734,091 · end of year $813,251

  • 15 · Other assets

    beginning of year $5,600 · end of year $5,600

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,421,555 · end of year $3,783,793

  • 27 · Net assets without donor restrictions

    beginning of year $7,961,903 · end of year $8,262,475

Mission and programs · 2023

Mission

To establish, support, manage, and furnish facilities, personnel, and services to provide diagnostic, therapeutic, wellness, health promotion, and other professional medical services to the sick and injured residents of the Kanawha Valley.

Activities or mission (Part I)

To establish, support, manage, and furnish facilities, personnel, and services to provide diagnostic, therapeutic, wellness, health promotion, and other professional medical services to the sick and injured residents of

  • Thomas Health System Physician Partners, Inc. is a multi-specialty physician group that consists of 33 physicians and 29 mid-level providers. Thomas employed physicians provided care to 85,933 patients during the short period ending December 31, 2023.

    Expenses $18,223,963 · Revenue $12,407,637

As filed on the 2023 return.

Listed in Part VII

  • Albert L Wright Jr

    Board President/CEO WVUHS

    Total calculated
    $3,952,695
    From this org
    $0
    From related orgs
    $3,543,299
    Other
    $409,396
    Hours/week
    1 + 54.9 related

    Schedule J breakdown matched by us

    Base
    not reported + $1,557,697 related
    Bonus
    not reported + $1,934,594 related
    Other
    not reported + $54,008 related
    Deferred
    not reported + $377,658 related
    Nontaxable benefits
    not reported + $31,738 related
    Filer's total
    not reported + $3,955,695 related

  • Freddie Dominick Persinger MD

    Physician

    Total calculated
    $1,436,773
    From this org
    $1,410,899
    From related orgs
    $0
    Other
    $25,874
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,410,899
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,250
    Nontaxable benefits
    $10,624
    Filer's total
    $1,436,773

  • Matthew Stover MD

    Physician

    Total calculated
    $1,289,691
    From this org
    $1,265,879
    From related orgs
    $0
    Other
    $23,812
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,265,879
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,250
    Nontaxable benefits
    $8,562
    Filer's total
    $1,289,691

  • Narender R Jogenpally MD

    Physician

    Total calculated
    $1,150,411
    From this org
    $1,111,811
    From related orgs
    $0
    Other
    $38,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,111,811
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,250
    Nontaxable benefits
    $23,350
    Filer's total
    $1,150,411

  • John P Ponugupati MD

    Physician

    Total calculated
    $1,053,898
    From this org
    $1,028,267
    From related orgs
    $0
    Other
    $25,631
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,028,267
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,250
    Nontaxable benefits
    $10,381
    Filer's total
    $1,053,898

  • Bruce Haupt MD

    Physician

    Total calculated
    $957,634
    From this org
    $924,925
    From related orgs
    $0
    Other
    $32,709
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $924,925
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,250
    Nontaxable benefits
    $17,459
    Filer's total
    $957,634

  • Daniel Lauffer

    Member

    Total calculated
    $588,298
    From this org
    $0
    From related orgs
    $549,712
    Other
    $38,586
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported + $549,712 related
    Deferred
    not reported + $15,250 related
    Nontaxable benefits
    not reported + $23,336 related
    Filer's total
    not reported + $588,298 related

  • J Gregory Rosencrance

    President Thomas Memorial Hospital

    Total calculated
    $587,765
    From this org
    $0
    From related orgs
    $553,733
    Other
    $34,032
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $475,367 related
    Bonus
    not reported + $75,000 related
    Other
    not reported + $3,366 related
    Deferred
    not reported + $14,850 related
    Nontaxable benefits
    not reported + $19,182 related
    Filer's total
    not reported + $587,765 related

  • Timothy Skeldon

    Board Vice President/CFO THS

    Total calculated
    $456,592
    From this org
    $0
    From related orgs
    $410,687
    Other
    $45,905
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $373,488 related
    Bonus
    not reported
    Other
    not reported + $37,199 related
    Deferred
    not reported + $14,850 related
    Nontaxable benefits
    not reported + $31,055 related
    Filer's total
    not reported + $456,592 related

  • Matthew Upton MD

    Board Secretary

    Total calculated
    $0
    Hours/week
    1 + 39 related

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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)

Part I Line 4a
Daniel J. Lauffer, Former CEO Thomas Health System, received severance payment in 2023 for 588,298 which included compensation and benefits.
Part I Line 4b
During 2023, the following individuals were able to defer compensation under a nonqualified plan. The amounts reported here are included in Part II Column C of the Schedule J. Albert L Wright, Jr. received deferred contributions of 362,807, Gregory Rosencrance deferred contributions of 72,010, and Timothy Skeldon deferred contributions of 6,517 Column C can and does include amounts that were contributed as a part of the standard retirement package if it was available to the employee during the year.

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Allied Health Services Inc

    C Corp · Linen Services · WV

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413189349308696

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