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← DEACONESS SPECIALTY PHYSICIANS INC

Form 990 for tax year 2023

Filed by DEACONESS SPECIALTY PHYSICIANS INC.

Totals

Total revenue
$21,112,407
Total expenses
$39,485,854
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$21,000,567
Investment income
$111,840
Other revenue
$0
Total assets, end of year
$18,762,795
Total liabilities, end of year
$14,958,179
Net assets or fund balances, end of year
$3,804,616
Program services expenses (Part IX)
$35,082,531
Management and general expenses
$4,403,323
Fundraising expenses
$0
Program service expenses (Part III)
$35,082,531

Program services were 88.8% 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: NET PATIENT REVENUE

    total $21,000,567 · related or exempt $21,000,567

  • 3 · Investment income

    total $111,840 · excluded $111,840

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $30,250,369 · program services $28,798,001 · management and general $1,452,368

  • 8 · Pension plan contributions

    total $486,569 · program services $486,569

  • 9 · Other employee benefits

    total $2,074,050 · program services $2,074,050

  • 10 · Payroll taxes

    total $1,367,808 · program services $1,367,808

  • 11g · Fees: other

    total $2,593,988 · management and general $2,593,988

  • 12 · Advertising and promotion

    total $50,684 · program services $48,761 · management and general $1,923

  • 13 · Office expenses

    total $173,882 · program services $173,882

  • 16 · Occupancy

    total $1,446,960 · program services $1,306,204 · management and general $140,756

  • 17 · Travel

    total $13,810 · program services $12,295 · management and general $1,515

  • 19 · Conferences, conventions and meetings

    total $83,900 · program services $72,979 · management and general $10,921

  • 22 · Depreciation, depletion and amortization

    total $451,741 · program services $447,770 · management and general $3,971

  • 23 · Insurance

    total $492,093 · program services $294,212 · management and general $197,881

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $1,740,392 · end of year $2,048,210

  • 7 · Other notes and loans receivable

    beginning of year $1,393,080 · end of year $1,834,982

  • 9 · Prepaid expenses and deferred charges

    beginning of year $119,880 · end of year $94,306

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

    $3,840,009

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

    $1,235,154

  • 10c · Land, buildings and equipment, net

    beginning of year $2,964,351 · end of year $2,604,855

  • 14 · Intangible assets

    beginning of year $585,059 · end of year $459,689

  • 15 · Other assets

    beginning of year $7,825,446 · end of year $11,720,753

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,951,417 · end of year $9,933,501

  • 25 · Other liabilities

    beginning of year $5,650,467 · end of year $5,024,678

  • 27 · Net assets without donor restrictions

    beginning of year $1,026,324 · end of year $3,804,616

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO DELIVER HEALTH CARE AND MEDICAL SERVICES TO THE PUBLIC; TO CARRY OUT SCIENTIFIC RESEARCH AND RESEARCH PROJECTS IN THE PUBLIC INTEREST IN THE FIELDS OF MEDICAL SCIENCES, MEDICAL ECONOMICS, PUBLIC HEALTH, SOCIOLOGY, AND RELATED AREAS; TO IMPROVE AND DEVELOP THE CAPABILITIES OF INDIVIDUALS AND INSTITUTIONS STUDYING, TEACHING, AND PRACTICING MEDICINE AND OTHER HEALTH CARE OCCUPATIONS; TO PROVIDE HEALTH CARE, MEDICAL SERVICES AND HEALTH-RELATED EDUCATION FOR THE BENEFIT OF THE COMMUNITY IN A SYSTEMATIC, INTEGRATED AND COORDINATED FASHION WITH THE DEACONESS HEALTH SYSTEM AND DEACONESS HOSPITAL, INC. AND THEIR AFFILIATES; TO ENGAGE IN THE INSTRUCTION OF THE GENERAL PUBLIC IN THE AREA OF MEDICAL SCIENCE, PUBLIC HEALTH, AND HYGIENE AND RELATED INSTRUCTION USEFUL TO THE INDIVIDUAL AND BENEFICIAL TO THE COMMUNITY; TO CONDUCT OTHER ACTIVITIES USEFUL OR APPROPRIATE TO THE ACCOMPLISHMENT OF THE FOREGOING PURPOSES OR AS OTHERWISE PERMITTED BY LAW.

  • PATIENT SERVICE REVENUE - DEACONESS SPECIALTY PHYSICIANS (DSP) IS A MAJOR SOURCE OF MEDICAL SERVICE WITH THE EXPERTISE OF HEART CARE. DEACONESS SPECIALTY PHYSICIANS EMPLOYS 24 PHYSICIANS, 22 MID-LEVEL PROVIDERS, AND 120 FULL-TIME NURSING AND ADMINISTRATIVE FULL-TIME EQUIVALENTS. DEACONESS SPECIALTY PHYSICIANS SERVES A 25-COUNTY TRISTATE AREA IN SOUTHWESTERN INDIANA, WESTERN KENTUCKY, AND SOUTHEASTERN ILLINOIS. DSP AND ITS FACILITIES HAVE LOCATIONS IN EVANSVILLE, NEWBURGH, PRINCETON, VINCENNES, AND JASPER IN INDIANA. DSP AND ITS FACILITIES ALSO HAVE LOCATIONS IN HENDERSON AND OWENSBORO IN KENTUCKY, AND RURAL UNDERSERVED COMMUNITIES OF CARMI, ELDORADO, FAIRFIELD, MCLEANSBORO, OLNEY, AND MT. CARMEL IN ILLINOIS. THE LOCATIONS SERVED 184,960 PATIENT VISITS FROM OCTOBER 1, 2023 THROUGH SEPTEMBER 30, 2024.

    Expenses $35,082,531 · Revenue $21,000,567

As filed on the 2023 return.

Listed in Part VII

  • Dr Bradley Scheu

    PRESIDENT

    Total calculated
    $767,058
    From this org
    $0
    From related orgs
    $627,737
    Other
    $139,321
    Hours/week
    5 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $443,192 related
    Bonus
    $0 + $130,947 related
    Other
    $0 + $53,598 related
    Deferred
    $0 + $101,540 related
    Nontaxable benefits
    $0 + $37,781 related
    Filer's total
    $0 + $767,058 related

  • Dr James Porter

    VICE PRESIDENT

    Total calculated
    $1,205,745
    From this org
    $0
    From related orgs
    $1,006,179
    Other
    $199,566
    Hours/week
    5 + 63 related

    Schedule J breakdown matched by us

    Base
    $0 + $654,409 related
    Bonus
    $0 + $224,407 related
    Other
    $0 + $127,363 related
    Deferred
    $0 + $170,838 related
    Nontaxable benefits
    $0 + $28,728 related
    Filer's total
    $0 + $1,205,745 related

  • Cheryl Wathen

    SECRETARY

    Total calculated
    $1,385,460
    From this org
    $0
    From related orgs
    $1,160,846
    Other
    $224,614
    Hours/week
    1 + 64 related

    Schedule J breakdown matched by us

    Base
    $0 + $603,921 related
    Bonus
    $0 + $176,225 related
    Other
    $0 + $380,700 related
    Deferred
    $0 + $180,269 related
    Nontaxable benefits
    $0 + $44,345 related
    Filer's total
    $0 + $1,385,460 related

  • Julie Dingman

    BOARD MEMBER (BEG FY 24)

    Total calculated
    $300,076
    From this org
    $0
    From related orgs
    $277,971
    Other
    $22,105
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,507 related
    Bonus
    $0 + $46,066 related
    Other
    $0 + $1,398 related
    Deferred
    $0 + $6,800 related
    Nontaxable benefits
    $0 + $15,305 related
    Filer's total
    $0 + $300,076 related

  • Kyle Dillman

    BOARD MEMBER (BEG FY 24)

    Total calculated
    $181,570
    From this org
    $0
    From related orgs
    $139,519
    Other
    $42,051
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $117,416 related
    Bonus
    $0 + $21,051 related
    Other
    $0 + $1,052 related
    Deferred
    $0 + $10,807 related
    Nontaxable benefits
    $0 + $31,244 related
    Filer's total
    $0 + $181,570 related

  • Hoang Tran MD

    PHYSICIAN

    Total calculated
    $1,490,158
    From this org
    $1,313,874
    From related orgs
    $148,100
    Other
    $28,184
    Hours/week
    50 + 10 related

    Schedule J breakdown matched by us

    Base
    $1,154,851
    Bonus
    $109,800
    Other
    $49,223 + $148,100 related
    Deferred
    $17,916
    Nontaxable benefits
    $10,268
    Filer's total
    $1,342,058 + $148,100 related

  • Cai Yuan MD

    PHYSICIAN

    Total calculated
    $2,049,916
    From this org
    $2,001,794
    From related orgs
    $0
    Other
    $48,122
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,920,545
    Bonus
    $58,302
    Other
    $22,947
    Deferred
    $12,920
    Nontaxable benefits
    $35,202
    Filer's total
    $2,049,916

  • Chandrashekar Kumbar MD

    PHYSICIAN

    Total calculated
    $1,213,305
    From this org
    $1,195,084
    From related orgs
    $0
    Other
    $18,221
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $960,952
    Bonus
    $197,336
    Other
    $36,796
    Deferred
    $12,920
    Nontaxable benefits
    $5,301
    Filer's total
    $1,213,305

  • Lee Wagmeister MD

    PHYSICIAN

    Total calculated
    $1,268,364
    From this org
    $1,246,293
    From related orgs
    $0
    Other
    $22,071
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,166,485
    Bonus
    $40,000
    Other
    $39,808
    Deferred
    $17,916
    Nontaxable benefits
    $4,155
    Filer's total
    $1,268,364

  • Manga Kodali

    PHYSICIAN

    Total calculated
    $1,747,874
    From this org
    $1,728,257
    From related orgs
    $0
    Other
    $19,617
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,653,443
    Bonus
    $65,670
    Other
    $9,144
    Deferred
    $19,617
    Nontaxable benefits
    $0
    Filer's total
    $1,747,874

  • Lynn Lingafelter

    FORMER COO

    Total calculated
    $1,151,223
    From this org
    $0
    From related orgs
    $958,823
    Other
    $192,400
    Hours/week
    5 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $636,923 related
    Bonus
    $0 + $216,069 related
    Other
    $0 + $105,831 related
    Deferred
    $0 + $158,519 related
    Nontaxable benefits
    $0 + $33,881 related
    Filer's total
    $0 + $1,151,223 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
  • 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, LINES 4A-B
SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS: SEVERANCE NONQUALIFIED EQUITY-BASED BRADLEY SCHEU 0 22,500 0 CHERYL WATHEN 0 22,500 0 LEE WAGMEISTER 0 22,500 0 HOANG TRAN 0 22,500 0 CHANDRASHEKAR KUMBAR 0 22,500 0 JAMES PORTER 0 22,500 0 LYNN LINGAFELTER 0 22,500 0 CAI YUAN 0 22,500 0 MANGA KODALI 0 22,500 0 PART I, 4B: , BRADLEY SCHEU: SUPPLEMENTAL ACCUMULATION ACCOUNT CONTRIBUTIONS OF $78,626. SUPPLEMENTAL ACCUMULATION ACCOUNT PAYOUT OF $50,859. CHERYL WATHEN: SUPPLEMENTAL ACCUMULATION ACCOUNT CONTRIBUTIONS OF $139,382. SUPPLEMENTAL ACCUMULATION ACCOUNT PAYOUT OF $371,487. JAMES PORTER: SUPPLEMENTAL ACCUMULATION ACCOUNT CONTRIBUTIONS OF $137,928. SUPPLEMENTAL ACCUMULATION ACCOUNT PAYOUT OF $122,628. LYNN LINGAFELTER: SUPPLEMENTAL ACCUMULATION ACCOUNT CONTRIBUTIONS OF $133,370. SUPPLEMENTAL ACCUMULATION ACCOUNT PAYOUT OF $98,054.

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.

  • DEACONESS HEALTH PLANS LLC

    PREFERRED PROVIDER NETWORK · IN

  • ENCOMPASS HEALTH DEACONESS REHABILIATION

    OUTPATIENT · AL

  • MAINSPRING MANAGERS LLC

    NEUROLOGY SERVICES · IN

  • ORTHOALIGN LLC

    HEALTHCARE · IN

  • PROGRESSIVE HEALTH OF IN LLC

    OUTPATIENT · IN

  • TRI - STATE HEALTHCARE CONSULTING LLC

    HEALTHCARE · IN

  • TRI-STATE RADIATION ONCOLOGY

    OUTPATIENT · DE

  • VASCMED LLC

    VASCULAR SERVICES · IN

  • BURKHARDT CANCER CENTER

    HEALTHCARE · IN

  • BOSTON IVF FERTILITY SERVICES AT THE WOMEN'S HOSPITAL

    HEALTHCARE · IN

  • INNOVATIVE HEALTHCARE COLLABORATIVE OF INDIANA LLC

    HEALTHCARE · IN

  • EVANSVILLE SURGERY SERVICES LLC

    HEALTHCARE · IN

  • ORTHOPRIME LLC

    HEALTHCARE · IN · 51% owned

Related corporations and trusts

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

  • TRI-STATE MEDICAL MANAGEMENT INC

    C · PHYSICIAN MANAGEMENT · IN

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202532279349303033

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