Skip to content
Nonprofiteer
← PHYSICIAN ASSOCIATES OF SOUTHWEST DALLAS

Form 990 for tax year 2024

Filed by PHYSICIAN ASSOCIATES OF SOUTHWEST DALLAS.

Totals

Total revenue
$10,047,060
Total expenses
$10,139,868
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$9,837,547
Investment income
$0
Other revenue
$209,513
Total assets, end of year
$3,042,466
Total liabilities, end of year
$6,924,327
Net assets or fund balances, end of year
-$3,881,861
Program services expenses (Part IX)
$8,191,352
Management and general expenses
$1,948,516
Fundraising expenses
$0
Program service expenses (Part III)
$8,191,352

Program services were 80.8% 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: PATIENT SERVICE REVENUE

    total $2,977,405 · related or exempt $2,977,405

  • 2b · Program service revenue: TEACHING REVENUE

    total $6,860,142 · related or exempt $6,860,142

  • 2f · All other program service revenue

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: INSURANCE INCENTIVE REVENUE

    total $209,513 · related or exempt $209,513

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $209,513

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,523,857 · program services $1,539,553 · management and general $984,304

  • 7 · Other salaries and wages

    total $2,558,755 · program services $2,558,755

  • 8 · Pension plan contributions

    total $222,877 · program services $217,862 · management and general $5,015

  • 9 · Other employee benefits

    total $280,352 · program services $251,801 · management and general $28,551

  • 10 · Payroll taxes

    total $294,408 · program services $283,418 · management and general $10,990

  • 11c · Fees: accounting

    total $96,564 · management and general $96,564

  • 11g · Fees: other

    total $1,898,410 · program services $1,075,318 · management and general $823,092 · fundraising $0

  • 13 · Office expenses

    total $27,308 · program services $27,308

  • 16 · Occupancy

    total $7,764 · program services $7,764

  • 22 · Depreciation, depletion and amortization

    total $760 · program services $760

  • 23 · Insurance

    total $19,860 · program services $19,860

  • 24a · Other expenses: CORPORATE SERVICE ALLOCATION

    total $1,860,638 · program services $1,860,638

  • 24b · Other expenses: BILLING AND COLLECTION

    total $275,358 · program services $275,358

  • 24c · Other expenses: TRAININGS, RECRUITMENT, RELOCATION

    total $43,950 · program services $43,950

  • 24d · Other expenses: LICENSES, MEMBERSHIPS, & DUES

    total $29,007 · program services $29,007

  • 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 $117,114 · end of year $166,076

  • 4 · Accounts receivable

    beginning of year $147,044 · end of year $0

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,028 · end of year $0

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

    $235,846

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

    $233,900

  • 10c · Land, buildings and equipment, net

    beginning of year $2,706 · end of year $1,946

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $3,013,784 · end of year $2,874,444

  • 17 · Accounts payable and accrued expenses

    beginning of year $927,113 · end of year $801,616

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $6,148,616 · end of year $6,122,711

  • 27 · Net assets without donor restrictions

    beginning of year -$3,789,053 · end of year -$3,881,861

Mission and programs · 2024

Mission

TO IMPROVE AND SAVE LIVES THROUGH COMPASSIONATE QUALITY HEALTH CARE. PHYSICIAN ASSOCIATES OF SOUTHWEST DALLAS (PASD) IS A WHOLLY CONTROLLED AFFILIATE OF METHODIST HOSPITALS OF DALLAS (MHD) WHOSE PURPOSE IS TO TEACH AND AID IN THE EDUCATION OF GRADUATE MEDICAL EDUCATION STUDENTS (RESIDENTS) OF MHD.

  • PHYSICIAN ASSOCIATES OF SOUTHWEST DALLAS (PASD) IS A WHOLLY CONTROLLED AFFILIATE OF METHODIST HOSPITALS OF DALLAS (MHD) WHOSE PURPOSE IS TO TEACH AND AID IN THE EDUCATION OF GRADUATE MEDICAL EDUCATION STUDENTS (RESIDENTS) OF MHD. PASD EMPLOYS PHYSICIAN INSTRUCTORS AND BILLS FOR THE PATIENT SERVICES PROVIDED AS PART OF THE TEACHING MISSION OF THE ORGANIZATION. NET INCOME DERIVED FROM THE PATIENT SERVICES IS USED TO SUPPORT THE GRADUATE MEDICAL EDUCATION PROGRAM OF MHD. WITH THE AID OF PASD, METHODIST HOSPITALS OF DALLAS IS ABLE TO TRAIN APPROXIMATELY 106 RESIDENTS ANNUALLY.

    Expenses $8,191,352 · Revenue $10,047,060

As filed on the 2024 return.

Listed in Part VII

  • Brett Johnson MD

    VICE PRESIDENT

    Total calculated
    $412,834
    From this org
    $381,001
    From related orgs
    $0
    Other
    $31,833
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $366,848
    Bonus
    $11,314
    Other
    $2,839
    Deferred
    $21,090
    Nontaxable benefits
    $10,743
    Filer's total
    $412,834

  • Martin L Koonsman MD

    CHAIR & PRESIDENT

    Total calculated
    $1,184,700
    From this org
    $0
    From related orgs
    $1,038,597
    Other
    $146,103
    Hours/week
    0.1 + 40.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $601,027 related
    Bonus
    $0 + $371,365 related
    Other
    $0 + $66,205 related
    Deferred
    $0 + $107,254 related
    Nontaxable benefits
    $0 + $38,849 related
    Filer's total
    $0 + $1,184,700 related

  • Aaron Hoffman MD

    DIRECTOR (BEGINNING NOVEMBER 2024)

    Total calculated
    $667,616
    From this org
    $643,350
    From related orgs
    $0
    Other
    $24,266
    Hours/week
    0.1

    Schedule J breakdown matched by us

    Base
    $607,988
    Bonus
    $34,500
    Other
    $862
    Deferred
    $17,250
    Nontaxable benefits
    $7,016
    Filer's total
    $667,616

  • Dale Stovall MD

    DIRECTOR (THROUGH NOVEMBER 2024)

    Total calculated
    $504,225
    From this org
    $480,584
    From related orgs
    $0
    Other
    $23,641
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $476,029
    Bonus
    $0
    Other
    $4,555
    Deferred
    $15,571
    Nontaxable benefits
    $8,070
    Filer's total
    $504,225

  • Leigh Hunter MD

    DIRECTOR (THROUGH NOVEMBER 2024)

    Total calculated
    $309,895
    From this org
    $292,371
    From related orgs
    $0
    Other
    $17,524
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,370
    Bonus
    $12,793
    Other
    $85,208
    Deferred
    $14,269
    Nontaxable benefits
    $3,255
    Filer's total
    $309,895

  • Michelle Olson MD

    DIRECTOR

    Total calculated
    $622,088
    From this org
    $588,259
    From related orgs
    $0
    Other
    $33,829
    Hours/week
    40 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $451,551
    Bonus
    $129,779
    Other
    $6,929
    Deferred
    $17,250
    Nontaxable benefits
    $16,579
    Filer's total
    $622,088

  • Tara Norris MD

    DIRECTOR (BEGINNING NOVEMBER 2024)

    Total calculated
    $374,742
    From this org
    $67,372
    From related orgs
    $301,613
    Other
    $5,757
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $38,328 + $171,589 related
    Bonus
    $29,000 + $129,827 related
    Other
    $44 + $197 related
    Deferred
    $987 + $4,418 related
    Nontaxable benefits
    $64 + $288 related
    Filer's total
    $68,423 + $306,319 related

  • Greg Davidson

    SECRETARY/VP OF COMPLIANCE

    Total calculated
    $232,825
    From this org
    $0
    From related orgs
    $204,030
    Other
    $28,795
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,461 related
    Bonus
    $0 + $38,804 related
    Other
    $0 + $4,765 related
    Deferred
    $0 + $10,274 related
    Nontaxable benefits
    $0 + $18,521 related
    Filer's total
    $0 + $232,825 related

  • Robert M Milone

    TREASURER

    Total calculated
    $362,728
    From this org
    $0
    From related orgs
    $328,719
    Other
    $34,009
    Hours/week
    0.1 + 40.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,042 related
    Bonus
    $0 + $67,524 related
    Other
    $0 + $11,153 related
    Deferred
    $0 + $18,672 related
    Nontaxable benefits
    $0 + $15,337 related
    Filer's total
    $0 + $362,728 related

  • David Banh

    ASSOCIATE PROGRAM DIRECTOR FOR OB/GYN

    Total calculated
    $382,934
    From this org
    $348,176
    From related orgs
    $0
    Other
    $34,758
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $347,851
    Bonus
    $0
    Other
    $325
    Deferred
    $16,783
    Nontaxable benefits
    $17,975
    Filer's total
    $382,934

  • Elizabeth Brewer

    DIRECTOR INTERNAL MEDICINE CLINIC GCAC

    Total calculated
    $307,835
    From this org
    $288,917
    From related orgs
    $0
    Other
    $18,918
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,457
    Bonus
    $45,000
    Other
    $460
    Deferred
    $8,279
    Nontaxable benefits
    $10,639
    Filer's total
    $307,835

  • Khadija Kabani

    ASSOCIATE PROGRAM DIRECTOR

    Total calculated
    $310,787
    From this org
    $276,027
    From related orgs
    $0
    Other
    $34,760
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,353
    Bonus
    $0
    Other
    $674
    Deferred
    $17,575
    Nontaxable benefits
    $17,185
    Filer's total
    $310,787

  • Paul Tarnasky

    PHYSICIAN-GASTROENTEROLOGY

    Total calculated
    $680,072
    From this org
    $659,277
    From related orgs
    $0
    Other
    $20,795
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $554,826
    Bonus
    $101,383
    Other
    $3,068
    Deferred
    $20,453
    Nontaxable benefits
    $342
    Filer's total
    $680,072

  • Susannah Hambright

    HEPATOBILIARY SURGERY PHYSICIAN

    Total calculated
    $518,417
    From this org
    $487,165
    From related orgs
    $0
    Other
    $31,252
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $373,729
    Bonus
    $113,023
    Other
    $413
    Deferred
    $13,981
    Nontaxable benefits
    $17,271
    Filer's total
    $518,417

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
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION
COMPENSATION FOR CERTAIN OFFICERS IS PAID BY METHODIST HOSPITALS OF DALLAS, WHICH USES A FORMAL REVIEW PROCESS TO REVIEW COMPENSATION OF EMPLOYEES. THE FORMAL REVIEW PROCESS INCLUDES THE USE OF THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE TOP MANAGEMENT OFFICIALS: 1) A COMPENSATION COMMITTEE, 2) AN INDEPENDENT COMPENSATION CONSULTANT, 3) A COMPENSATION SURVEY OR STUDY, 4) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE, AND 5) CONTEMPORANEOUSLY SUBSTANTIATED THE DELIBERATION AND DECISION. OFFICER COMPENSATION IS SUBJECT TO FURTHER REVIEW BY THE BOARD OF METHODIST HOSPITALS OF DALLAS.
SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
ANY OF THE REPORTABLE INDIVIDUALS WHO ARE DETAILED AS BEING PAID BY A RELATED ORGANIZATION MAY HAVE DEFERRED AMOUNTS TO OR DISTRIBUTIONS FROM A SECTION 457(F) NON-QUALIFIED PLAN WHICH ARE INCLUDED IN THE APPLICABLE SECTIONS OF SCHEDULE J, PART II. TO AID IN RETAINING KEY EMPLOYEES, A 457(F) RETIREMENT ALLOWANCE PLAN IS AVAILABLE TO OFFICERS, SENIOR VICE PRESIDENTS, EXECUTIVE VICE PRESIDENTS AND DIVISION PRESIDENTS. EACH YEAR THE PLAN PROVIDES CREDITS, EXPRESSED AS DOLLAR AMOUNTS, DETERMINED BY A PERCENTAGE OF EACH PARTICIPANT'S BASE SALARY. THE PERCENTAGE FOR EACH PARTICIPANT IS DEFINED IN THE PLAN. THE DEFERRED ALLOWANCE IS DEPOSITED IN A MUTUAL FUND ACCOUNT FOR EACH PARTICIPANT AND INVESTED IN FUNDS SELECTED BY THE PARTICIPANT FROM A MENU OF AVAILABLE OPTIONS. VESTED BENEFITS, WITH INVESTMENTS GAINS OR LOSSES, ARE PAID TO PARTICIPANTS AS REGULAR TAXABLE INCOME. THE PLAN DEFINES PROVISIONS FOR DISTRIBUTION OF BENEFITS IN THE EVENT OF THE PARTICIPANT'S DEATH OR SEPARATION OF EMPLOYMENT PRIOR TO THE ELECTED VESTING DATE. THE AMOUNTS BELOW, DEFERRED IN THE CURRENT YEAR AND PAID IN THE CURRENT YEAR, RESPECTIVELY, ARE INCLUDED IN THE AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMNS B(III), (C), OR (F). MARTIN KOONSMAN JR. $84,801 / $41,560
SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS
IN ORDER TO RECRUIT AND RETAIN KEY TALENT, MHS AND ITS AFFILIATES OFFERS SHORT AND LONG TERM INCENTIVE PLANS FOR CERTAIN EMPLOYEES LISTED IN PART VII, SECTION A, LINE 1A. FOR FISCAL YEAR 2025 THE INCENTIVE PLANS WERE TARGETED IN THE AREAS OF FINANCIAL PERFORMANCE, CLINICAL QUALITY, AND EMPLOYEE AND PATIENT SATISFACTION. RESULTS OF EACH INCENTIVE PLAN PROGRAM ARE REVIEWED WITH THE ORGANIZATION'S OUTSIDE AUDIT FIRM, AS PART OF THE FIRM'S AGREED UPON PROCEDURES, PRIOR TO PAYMENT.

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.

  • METDALSPI HOLDING LLC

    N/A · HOLDING COMPANY · TX

    Directly controlled by NA

  • METHODIST DIAGNOSTIC IMAGING OF TEXAS LLC

    N/A · MANAGEMENT SERVICES · TX

    Directly controlled by NA

  • METHODIST TRANSITIONAL CARE CENTER - DESOTO LLC

    N/A · SKILLED NURSING AND REHABILITATION CENTER · TX

    Directly controlled by NA

  • METHODIST URGENT CARE OF TEXAS LLC

    N/A · MEDICAL SERVICES · TX

    Directly controlled by NA

  • METSL PROPERTY INVESTOR LLC

    N/A · GROUND LEASE · TX

    Directly controlled by NA

  • MHD-USO MANAGEMENT COMPANY LP

    N/A · MEDICAL SERVICES · TX

    Directly controlled by NA

  • MHS-CHC I LP

    N/A · REHAB HOSPITAL · TX

    Directly controlled by NA

  • MHS-CHC LLC

    N/A · HOSPITAL SERVICES · TX

    Directly controlled by NA

  • MSP ASC HOLDINGS LLC

    N/A · HOLDING COMPANY · TX

    Directly controlled by NA

  • MSP MCKINNEY HOLDINGS LLC

    N/A · HOLDING COMPANY · TX

    Directly controlled by NA

  • NORTH TEXAS PARAMEDIC EDUCATION CONSORTIUM LLC

    N/A · PARAMEDIC TRAINING · TX

    Directly controlled by NA

Related corporations and trusts

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

  • NORTH TEXAS HEALTH FACILITIES MANAGEMENT

    C CORPORATION · FACILITY AND PHYSICIAN MGMT · TX

    Directly controlled by NA

  • COLLECTECH FINANCIAL SERVICES INC

    C CORPORATION · BILLING AND COLLECTION · TX

    Directly controlled by NA

  • METHODIST-RAYUS

    C CORPORATION · IMAGING · TX

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
14 August 2026
IRS schema version
2024v5.1
Source object
202642269349302759

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.