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← DOYLESTOWN HEALTH PHYSICIANS

Form 990 for tax year 2022

Filed by DOYLESTOWN HEALTH PHYSICIANS.

Totals

Total revenue
$71,224,980
Total expenses
$91,211,474
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$70,999,898
Investment income
$225,082
Other revenue
$0
Total assets, end of year
$20,287,520
Total liabilities, end of year
$65,222,232
Net assets or fund balances, end of year
-$44,934,712
Program services expenses (Part IX)
$91,211,474
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$91,211,474

Program services were 100.0% 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.

  • 1e · Government grants (contributions)

    $0

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

    total $61,366,255 · related or exempt $61,366,255

  • 2b · Program service revenue: OTHER HEALTHCARE RELATED REVENUE

    total $9,633,643 · related or exempt $9,633,643

  • 3 · Investment income

    total $43,098 · excluded $43,098

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

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    other assets $181,984

  • 7c · Gain or loss

    other assets $181,984

  • 7d · Net gain or loss

    total $181,984 · excluded $181,984

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

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 $65,745,382 · program services $65,745,382

  • 8 · Pension plan contributions

    total $1,343,553 · program services $1,343,553

  • 9 · Other employee benefits

    total $3,697,451 · program services $3,697,451

  • 10 · Payroll taxes

    total $3,248,244 · program services $3,248,244

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0 · program services $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,966,456 · program services $1,966,456

  • 12 · Advertising and promotion

    total $5,006 · program services $5,006

  • 13 · Office expenses

    total $1,384,166 · program services $1,384,166

  • 14 · Information technology

    total $869,436 · program services $869,436

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $3,551,696 · program services $3,551,696

  • 17 · Travel

    total $34,470 · program services $34,470

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $88,674 · program services $88,674

  • 20 · Interest

    total $549,804 · program services $549,804

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $365,448 · program services $365,448

  • 23 · Insurance

    total $2,316,134 · program services $2,316,134

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $5,633,988 · program services $5,633,988

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $217,006 · program services $217,006

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $122,436 · program services $122,436

  • 24d · Other expenses: MEDICAL RECORDS EXPENSE

    total $45,780 · program services $45,780

  • 24e · All other expenses

    total $26,344 · program services $26,344

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $519,596 · end of year $697,478

  • 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 $4,359,199 · end of year $5,527,984

  • 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 $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $78,169 · end of year $77,396

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

    $6,838,480

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

    $5,637,307

  • 10c · Land, buildings and equipment, net

    beginning of year $1,605,803 · end of year $1,201,173

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $1,176,036

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $12,041,840 · end of year $11,607,453

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,536,531 · end of year $4,245,867

  • 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 $56,516,294 · end of year $60,976,365

  • 27 · Net assets without donor restrictions

    beginning of year -$44,448,218 · end of year -$44,934,712

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

DOYLESTOWN HEALTH SYSTEM ("SYSTEM") CONTINUOUSLY IMPROVES THE QUALITY OF LIFE AND PROACTIVELY ADVOCATES FOR THE HEALTH AND WELL BEING OF THE INDIVIDUALS WE SERVE. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

Activities or mission (Part I)

TO SUPPORT THE CHARITABLE TAX-EXEMPT PURPOSES, ACTIVITIES AND PROGRAMS OF DOYLESTOWN HEALTH SYSTEM AND AFFILIATES, INCLUDING DOYLESTOWN HOSPITAL.

  • EXPENSES INCURRED IN BRINGING TO THE RESIDENTS OF THE CENTRAL BUCKS COMMUNITY NECESSARY COMMUNITY-BASED SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OR RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

    Expenses $91,211,474 · Revenue $70,999,898

As filed on the 2022 return.

Listed in Part VII

  • James L Brexler Fache

    DIR-PRES/CEO DOYLESTOWN HEALTH

    Total calculated
    $1,116,727
    From this org
    $0
    From related orgs
    $1,079,673
    Other
    $37,054
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $933,647 related
    Bonus
    $0 + $48,000 related
    Other
    $0 + $98,026 related
    Deferred
    $0 + $10,675 related
    Nontaxable benefits
    $0 + $26,379 related
    Filer's total
    $0 + $1,116,727 related

  • Matthew Thomas MD

    CARDIOLOGIST

    Total calculated
    $810,201
    From this org
    $774,065
    From related orgs
    $0
    Other
    $36,136
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $601,178
    Bonus
    $0
    Other
    $172,887
    Deferred
    $10,060
    Nontaxable benefits
    $26,076
    Filer's total
    $810,201

  • Richard Y Highbloom MD

    CARDIOLOGIST

    Total calculated
    $768,676
    From this org
    $732,900
    From related orgs
    $0
    Other
    $35,776
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $666,316
    Bonus
    $0
    Other
    $66,584
    Deferred
    $10,433
    Nontaxable benefits
    $25,343
    Filer's total
    $768,676

  • Scott S Levy MD

    VP & CMO - DOYLESTOWN HEALTH

    Total calculated
    $753,238
    From this org
    $0
    From related orgs
    $720,741
    Other
    $32,497
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $697,073 related
    Bonus
    $0
    Other
    $0 + $23,668 related
    Deferred
    $0 + $10,674 related
    Nontaxable benefits
    $0 + $21,823 related
    Filer's total
    $0 + $753,238 related

  • Andrew Mustin MD

    CARDIOLOGIST

    Total calculated
    $685,300
    From this org
    $652,185
    From related orgs
    $0
    Other
    $33,115
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $629,517
    Bonus
    $0
    Other
    $22,668
    Deferred
    $11,550
    Nontaxable benefits
    $21,565
    Filer's total
    $685,300

  • Steven Guidera MD

    CARDIOLOGIST

    Total calculated
    $677,481
    From this org
    $641,507
    From related orgs
    $0
    Other
    $35,974
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $589,884
    Bonus
    $0
    Other
    $51,623
    Deferred
    $10,675
    Nontaxable benefits
    $25,299
    Filer's total
    $677,481

  • Sean Reinhardt MD

    DIRECTOR

    Total calculated
    $629,915
    From this org
    $0
    From related orgs
    $597,232
    Other
    $32,683
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $576,732 related
    Bonus
    $0
    Other
    $0 + $20,500 related
    Deferred
    $0 + $10,675 related
    Nontaxable benefits
    $0 + $22,008 related
    Filer's total
    $0 + $629,915 related

  • Kevin Lax

    Cardiologist

    Total calculated
    $616,170
    From this org
    $605,495
    From related orgs
    $0
    Other
    $10,675
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $584,431
    Bonus
    $0
    Other
    $21,064
    Deferred
    $10,675
    Nontaxable benefits
    $0
    Filer's total
    $616,170

  • Elizabeth Seeber

    VP & CFO - DOYLESTOWN HEALTH

    Total calculated
    $489,802
    From this org
    $0
    From related orgs
    $471,937
    Other
    $17,865
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $448,657 related
    Bonus
    $0
    Other
    $0 + $23,280 related
    Deferred
    $0 + $6,610 related
    Nontaxable benefits
    $0 + $11,255 related
    Filer's total
    $0 + $489,802 related

  • Adam Edelson

    EXECUTIVE DIRECTOR

    Total calculated
    $315,026
    From this org
    $0
    From related orgs
    $277,342
    Other
    $37,684
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $256,262 related
    Bonus
    $0
    Other
    $0 + $21,080 related
    Deferred
    $0 + $9,266 related
    Nontaxable benefits
    $0 + $28,418 related
    Filer's total
    $0 + $315,026 related

  • Marianne E Chabot

    CHAIR - DIRECTOR

    Total calculated
    $0
    Hours/week
    8 + 19 related

  • Barbara Ann Price

    VICE CHAIR - DIRECTOR

    Total calculated
    $0
    Hours/week
    6 + 15 related

  • Helen Hammes

    SEC./ TREAS- DIRECTOR

    Total calculated
    $0
    Hours/week
    6 + 12 related

  • Patrick Counihan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

CORE FORM, PART VII AND SCHEDULE J
IN ACCORDANCE WITH FORM 990 RULES, REGULATIONS AND INSTRUCTIONS, TAXABLE COMPENSATION REPORTED HEREIN IS DERIVED FROM 2022 FORMS W-2.
SCHEDULE J, PART I; QUESTION 7
CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2022 WHICH WAS INCLUDED IN SCHEDULE J, PART II, COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2022 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT.

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.

  • D R CARDIOLOGYLLC

    RELATED · MEDICAL SERVICES · PA · 50% owned · share of income -$1,027,536 · share of assets $887,276

    Directly controlled by VIA AFFILIATES

Related corporations and trusts

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

  • DOYLESTOWN HEALTH AND WELLNESS CTR INC

    C CORP. · INACTIVE · PA

    Directly controlled by NA

  • COVERED BRIDGE RECIPROCAL RISK RETENTION

    C CORP. · FINANCIAL VEHICLE · SC

    Directly controlled by NA

  • DH PHYSICIANS AMBULATORY SERVICES

    C CORP. · MEDICAL SERVICES · PA · 100% owned · share of income $1,483,829 · share of assets $0 · controlled entity

    Directly controlled by VIA AFFILIATES

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202421359349309177

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