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Nonprofiteer
← TRIHEALTH PHYSICIAN ENTERPRISES CORP

Form 990 for tax year 2024

Filed by TRIHEALTH PHYSICIAN ENTERPRISES CORP.

Totals

Total revenue
$287,605,333
Total expenses
$384,713,644
Contributions and grants received
$9,575
Grants paid
$0
Program service revenue
$284,106,547
Investment income
-$4,316
Other revenue
$3,493,527
Total assets, end of year
$108,996,993
Total liabilities, end of year
$73,437,580
Net assets or fund balances, end of year
$35,559,413
Program services expenses (Part IX)
$349,854,941
Management and general expenses
$34,858,703
Fundraising expenses
$0
Program service expenses (Part III)
$349,854,941

Program services were 90.9% 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.

  • 1f · All other contributions, gifts and grants

    $9,575

  • 2a · Program service revenue: PATIENT SERVICES

    total $231,399,658 · related or exempt $231,399,658

  • 2b · Program service revenue: VALUE BASED PAYMENTS

    total $33,377,696 · related or exempt $33,377,696

  • 2c · Program service revenue: PHARMACY REVENUE

    total $18,494,442 · excluded $18,494,442

  • 2d · Program service revenue: AFFILIATED RENTAL REV

    total $419,503 · excluded $419,503

  • 2e · Program service revenue: STUDENT HLTH CTR FEES

    total $356,312 · related or exempt $356,312

  • 2f · All other program service revenue

    total $58,936 · related or exempt $58,936

  • 6a · Gross rents

    real property $659,214

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $659,214

  • 6d · Net rental income or loss

    total $659,214 · excluded $659,214

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

    other assets $4,316

  • 7c · Gain or loss

    other assets -$4,316

  • 7d · Net gain or loss

    total -$4,316 · excluded -$4,316

  • 11a · Other revenue: COSMETIC SURGERY

    total $2,045,369 · unrelated business $2,045,369

  • 11b · Other revenue: INSURANCE REFUNDS

    total $157,990 · related or exempt $157,990

  • 11c · Other revenue: PURCHASING GRP REBATE

    total $150,274 · related or exempt $150,274

  • 11d · All other revenue

    total $480,680 · related or exempt $480,680

  • 11e · Other revenue, total

    $2,834,313

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $221,707,027 · program services $214,178,608 · management and general $7,528,419

  • 8 · Pension plan contributions

    total $10,099,051 · program services $6,412,599 · management and general $3,686,452

  • 9 · Other employee benefits

    total $25,857,018 · program services $21,854,910 · management and general $4,002,108

  • 10 · Payroll taxes

    total $12,803,227 · program services $12,525,699 · management and general $277,528

  • 11b · Fees: legal

    total $79,962 · management and general $79,962

  • 11d · Fees: lobbying

    total $314 · management and general $314

  • 11g · Fees: other

    total $17,842,047 · program services $16,623,373 · management and general $1,218,674

  • 12 · Advertising and promotion

    total $59,863 · program services $35,753 · management and general $24,110

  • 13 · Office expenses

    total $1,213,721 · program services $851,254 · management and general $362,467

  • 14 · Information technology

    total $5,204,015 · program services $1,546,627 · management and general $3,657,388

  • 16 · Occupancy

    total $22,958,270 · program services $13,393,550 · management and general $9,564,720

  • 17 · Travel

    total $142,176 · program services $132,051 · management and general $10,125

  • 19 · Conferences, conventions and meetings

    total $396,389 · program services $395,181 · management and general $1,208

  • 22 · Depreciation, depletion and amortization

    total $4,088,784 · program services $3,299,456 · management and general $789,328

  • 23 · Insurance

    total $1,568,159 · program services $401,642 · management and general $1,166,517

  • 24a · Other expenses: MEDICAL/DIETARY SUPPLY

    total $55,914,790 · program services $55,618,594 · management and general $296,196

  • 24b · Other expenses: OVERHEAD ALLOCATION

    total $2,923,045 · program services $836,241 · management and general $2,086,804

  • 24c · Other expenses: EQUIPMENT

    total $979,511 · program services $890,941 · management and general $88,570

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $411,618 · program services $393,805 · management and general $17,813

  • 24e · All other expenses

    total $464,657 · program services $464,657

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,759 · end of year $28,273

  • 2 · Savings and temporary cash investments

    beginning of year $2,999,771 · end of year $0

  • 4 · Accounts receivable

    beginning of year $59,554,362 · end of year $62,606,786

  • 7 · Other notes and loans receivable

    beginning of year $5,767,530 · end of year $7,039,179

  • 8 · Inventories for sale or use

    beginning of year $966,080 · end of year $1,071,485

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,130,479 · end of year $1,104,265

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

    $59,244,177

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

    $39,973,595

  • 10c · Land, buildings and equipment, net

    beginning of year $15,282,651 · end of year $19,270,582

  • 14 · Intangible assets

    beginning of year $5,347,097 · end of year $4,270,439

  • 15 · Other assets

    beginning of year $14,645,456 · end of year $13,605,984

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,882,856 · end of year $52,891,125

  • 19 · Deferred revenue

    beginning of year $3,000,000 · end of year $6,413,365

  • 23 · Secured mortgages and notes payable

    beginning of year $15,310,730 · end of year $14,133,090

  • 27 · Net assets without donor restrictions

    beginning of year $36,514,599 · end of year $35,559,413

Mission and programs · 2024

Mission

TRIHEALTH PHYSICIAN ENTERPRISE CORP. PROVIDES THE COMMUNITY WITH NECESSARY MEDICAL CARE THROUGH PRIMARY CARE AND SPECIALTY PHYSICIANS SUPPORTING THE MISSIONS OF BETHESDA HOSPITAL, INC. AND THE GOOD SAMARITAN HOSPITAL OF CINCINNATI, OHIO.

Activities or mission (Part I)

PROVIDES THE COMMUNITY NECESSARY MEDICAL CARE THROUGH PRIMARY CARE & SPECIALTY PHYSICIANS.

  • TRIHEALTH PHYSICIAN ENTERPRISE CORP. ("TPEC") IS THE SOLE MEMBER OF VARIOUS PHYSICIAN GROUPS ALIGNED WITH TRIHEALTH, INC. THE MORE THAN 200 PHYSICIANS PRACTICING WITHIN THESE GROUPS BENEFIT FROM AN INTERCONNECTIVITY WITH SERVICES AND INFORMATION AT TRIHEALTH HOSPITALS AND AMBULATORY CARE CENTERS. THIS RESULTS IN MORE STREAMLINED, PATIENT-FOCUSED CARE, PROVIDED WITH AN EMPHASIS ON QUALITY AND SAFETY. THE PHYSICIAN GROUPS INCLUDE PRIMARY CARE PHYSICIANS (FAMILY PRACTICE, GENERAL PRACTICE, GYNECOLOGY, INTERNAL MEDICINE, AND PEDIATRICS) AS WELL AS SPECIALIST PHYSICIANS (ALLERGY MEDICINE, COLORECTAL SURGERY, DERMATOLOGY, ENDOCRINOLOGY, GASTROENTEROLOGY, PHYSICIAL REHABILITATION, PODIATRY, OTOLARYNGOLOGY, RHEUMATOLOGY, ORTHOPEDICS).

    Expenses $349,854,941 · Revenue $284,895,491

As filed on the 2024 return.

Listed in Part VII

  • Michael Crofton

    TREASURER (7/24-6/25)

    Total calculated
    $606,906
    From this org
    $0
    From related orgs
    $524,900
    Other
    $82,006
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $342,253 related
    Bonus
    $0 + $176,187 related
    Other
    $0 + $6,460 related
    Deferred
    $0 + $54,214 related
    Nontaxable benefits
    $0 + $27,792 related
    Filer's total
    $0 + $606,906 related

  • Marla Silliman

    CHAIRPERSON

    Total calculated
    $942,678
    From this org
    $0
    From related orgs
    $881,524
    Other
    $61,154
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $663,789 related
    Bonus
    $0 + $186,748 related
    Other
    $0 + $30,987 related
    Deferred
    $0 + $48,110 related
    Nontaxable benefits
    $0 + $13,044 related
    Filer's total
    $0 + $942,678 related

  • John Ward

    TRUSTEE

    Total calculated
    $969,215
    From this org
    $0
    From related orgs
    $881,518
    Other
    $87,697
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $652,260 related
    Bonus
    $0 + $186,317 related
    Other
    $0 + $42,941 related
    Deferred
    $0 + $53,324 related
    Nontaxable benefits
    $0 + $34,373 related
    Filer's total
    $0 + $969,215 related

  • Steve Gracey

    SECRETARY

    Total calculated
    $849,776
    From this org
    $0
    From related orgs
    $759,998
    Other
    $89,778
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $593,047 related
    Bonus
    $0 + $163,198 related
    Other
    $0 + $3,753 related
    Deferred
    $0 + $48,110 related
    Nontaxable benefits
    $0 + $41,668 related
    Filer's total
    $0 + $849,776 related

  • Bryan Strader MD

    PRESIDENT

    Total calculated
    $1,044,740
    From this org
    $0
    From related orgs
    $950,066
    Other
    $94,674
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $705,692 related
    Bonus
    $0 + $199,933 related
    Other
    $0 + $44,441 related
    Deferred
    $0 + $53,324 related
    Nontaxable benefits
    $0 + $41,350 related
    Filer's total
    $0 + $1,044,740 related

  • Vesta Johns

    ADMINISTRATIVE EXECUTIVE

    Total calculated
    $666,810
    From this org
    $0
    From related orgs
    $550,506
    Other
    $116,304
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $415,055 related
    Bonus
    $0 + $97,661 related
    Other
    $0 + $37,790 related
    Deferred
    $0 + $110,787 related
    Nontaxable benefits
    $0 + $5,517 related
    Filer's total
    $0 + $666,810 related

  • Jason Schwartz

    VP-CLINICAL SERVICE LINES

    Total calculated
    $504,305
    From this org
    $0
    From related orgs
    $443,761
    Other
    $60,544
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,614 related
    Bonus
    $0 + $80,645 related
    Other
    $0 + $24,502 related
    Deferred
    $0 + $25,110 related
    Nontaxable benefits
    $0 + $35,434 related
    Filer's total
    $0 + $504,305 related

  • Kevin Tymitz MD

    PHYSICIAN

    Total calculated
    $1,203,910
    From this org
    $1,143,576
    From related orgs
    $0
    Other
    $60,334
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,131,624
    Bonus
    $10,242
    Other
    $1,710
    Deferred
    $25,110
    Nontaxable benefits
    $35,224
    Filer's total
    $1,203,910

  • George Kerlakian MD

    PHYSICIAN

    Total calculated
    $1,121,441
    From this org
    $1,047,246
    From related orgs
    $0
    Other
    $74,195
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,032,168
    Bonus
    $0
    Other
    $15,078
    Deferred
    $49,824
    Nontaxable benefits
    $24,371
    Filer's total
    $1,121,441

  • Sean Lewis MD

    PHYSICIAN

    Total calculated
    $1,289,172
    From this org
    $1,207,173
    From related orgs
    $0
    Other
    $81,999
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,206,147
    Bonus
    $0
    Other
    $1,026
    Deferred
    $42,896
    Nontaxable benefits
    $39,103
    Filer's total
    $1,289,172

  • Binh Nguyen MD

    PHYSICIAN

    Total calculated
    $1,333,684
    From this org
    $1,244,050
    From related orgs
    $0
    Other
    $89,634
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,242,010
    Bonus
    $0
    Other
    $2,040
    Deferred
    $48,110
    Nontaxable benefits
    $41,524
    Filer's total
    $1,333,684

  • Jennifer Walker MD

    PHYSICIAN

    Total calculated
    $1,080,515
    From this org
    $1,004,868
    From related orgs
    $0
    Other
    $75,647
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,003,728
    Bonus
    $0
    Other
    $1,140
    Deferred
    $25,110
    Nontaxable benefits
    $50,537
    Filer's total
    $1,080,515

  • Andrew Devoe

    FORMER OFFICER

    Total calculated
    $271,957
    From this org
    $0
    From related orgs
    $239,052
    Other
    $32,905
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $129,459 related
    Bonus
    $0
    Other
    $0 + $109,593 related
    Deferred
    $0 + $18,521 related
    Nontaxable benefits
    $0 + $14,384 related
    Filer's total
    $0 + $271,957 related

  • Jeremiah Kirkland

    FORMER KEY EMPLOYEE

    Total calculated
    $695,787
    From this org
    $0
    From related orgs
    $586,769
    Other
    $109,018
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $446,240 related
    Bonus
    $0 + $109,265 related
    Other
    $0 + $31,264 related
    Deferred
    $0 + $69,785 related
    Nontaxable benefits
    $0 + $39,233 related
    Filer's total
    $0 + $695,787 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

  • 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)

PART I, LINE 4B
ELIGIBLE EXECUTIVES (GENERALLY VICE PRESIDENT AND ABOVE) PARTICIPATE IN A PROGRAM THAT PROVIDES FOR SUPPLEMENTAL RETIREMENT BENEFITS. THE PAYMENT OF BENEFITS UNDER THE PROGRAM, IF ANY, IS ENTIRELY DEPENDENT UPON THE FACTS AND CIRCUMSTANCES UNDER WHICH THE EXECUTIVE TERMINATES EMPLOYMENT WITH THE ORGANIZATION. BENEFITS UNDER THE PROGRAM ARE UNFUNDED AND NON-VESTED. DUE TO THE SUBSTANTIAL RISK OF FORFEITURE PROVISION, THERE IS NO GUARANTEE THAT THESE EXECUTIVES WILL EVER RECEIVE ANY BENEFIT UNDER THE PROGRAM. ANY AMOUNT ULTIMATELY PAID UNDER THE PROGRAM TO THE EXECUTIVE IS REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. DURING THE 2024 CALENDAR YEAR, NONE OF THE INDIVIDUALS LISTED IN SCHEDULE J, PART II RECEIVED A PAYMENT FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN WHICH WAS TREATED AS TAXABLE COMPENSATION BY TRIHEALTH, INC.
PART I, LINE 3:
TRIHEALTH, INC., A RELATED ORGANIZATION OF TRIHEALTH PHYSICIAN ENTERPRISE CORP. ("TPEC"), USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF TPEC'S CEO/EXECUTIVE DIRECTOR: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE.
PART I, LINE 4A:
THE REPORTABLE INDIVIDUALS OF TRIHEALTH PHYSICIAN ENTERPRISE CORP. ARE PAID BY TRIHEALTH, INC., A RELATED ORGANIZATION, RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3). TRIHEALTH, INC. HAS A STANDARD EMPLOYEE SEVERANCE PACKAGE. GENERAL SEVERANCE PAY IS BASED ON LENGTH OF SERVICE. IN ADDITION, NOTICE PAY, IF APPLICABLE UNDER TRIHEALTH, INC. POLICY, MAY BE ADDED TO THE SEVERANCE PACKAGE AND THE AMOUNT OF NOTICE PAY WILL BE DETERMINED BY HUMAN RESOURCES IN ACCORDANCE WITH TRIHEALTH, INC. POLICY. PAYMENTS OF SEVERANCE ARE CONDITIONED UPON SIGNING A SEPARATION AND RELEASE AGREEMENT. DURING THE 2024 CALENDAR YEAR, NONE OF THE INDIVIDUALS LISTED IN SCHEDULE J, PART II RECEIVED SEVERANCE PAYMENTS FROM TRIHEALTH, INC.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • TRIHEALTH G LLC

    PHYSICIAN PRACTICES · OH · income $267,150,384 · assets $46,343,067

    Directly controlled by TRIHEALTH PHYSICIAN ENTERPRISE CORP

  • TRIHEALTH HF LLC

    STUDENT HEALTH CENTER ADMIN · OH · income $2,579,835 · assets $1,223,863

    Directly controlled by TRIHEALTH PHYSICIAN ENTERPRISE CORP

  • TRIHEALTH U LLC

    HEALTHCARE CLINICS · OH · income $4,796,998 · assets $751,815

    Directly controlled by TRIHEALTH PHYSICIAN ENTERPRISE CORP

  • TRIHEALTH Q LLC

    INACTIVE · OH · income $0 · assets $0

    Directly controlled by TRIHEALTH PHYSICIAN ENTERPRISE CORP

  • TRIHEALTH PHYSICIAN PRACTICES LLC

    INACTIVE · OH · income $0 · assets $0

    Directly controlled by TRIHEALTH PHYSICIAN ENTERPRISE CORP

Related partnerships

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

  • HEALTHCARE SOLUTIONS NETWORK LLC

    PHYSICIAN HOSPITAL ORGANIZATION · OH

  • PREFERRED LAB PARTNERS LLC

    LABORATORY SERVICES · KY

Related corporations and trusts

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

  • TRIHEALTH PHYSICIAN SOLUTIONS INC

    C · CLAIMS ADMINISTRATION · OH · controlled entity

  • TRIHEALTH PHYSICIANS OF INDIANA INC

    C · PHYSICIAN PRACTICES · OH · controlled entity

  • TRIHEALTH CIPHO INC

    C · PHYSICIAN HEALTH ORGANIZATION · OH · controlled entity

  • PREMIERE MEDICAL OWNERS ASSOCIATION

    C · CONDO ASSOCIATION · OH · controlled entity

  • SERVE INSURANCE LTD

    C · ALTERNATIVE RISK FINANCING · CJ · controlled entity

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2026
IRS schema version
2024v5.5
Source object
202611339349302946

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