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Nonprofiteer
← PAEON HEALTH SERVICES INC

Form 990 for tax year 2024

Filed by PAEON HEALTH SERVICES INC.

Totals

Total revenue
$21,717,880
Total expenses
$20,075,615
Contributions and grants received
$14,000,000
Grants paid
$0
Program services expenses (Part IX)
$19,487,164
Management and general expenses
$588,451
Fundraising expenses
$0
Program service expenses (Part III)
$19,487,164

Program services were 97.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MATTHEW BLOCK

    DIRECTOR/PRES/CEO

    Total calculated
    $884,704
    From this org
    $0
    From related orgs
    $856,278
    Other
    $28,426
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $803,215 related
    Bonus
    $0
    Other
    $0 + $53,063 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $28,426 related
    Filer's total
    $0 + $884,704 related

  • PETER C NOVEMBER

    DIRECTOR/SEC/TREAS/CFO

    Total calculated
    $7,011,513
    From this org
    $0
    From related orgs
    $6,112,385
    Other
    $899,128
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,082,283 related
    Bonus
    $0 + $3,910,000 related
    Other
    $0 + $120,102 related
    Deferred
    $0 + $866,860 related
    Nontaxable benefits
    $0 + $32,268 related
    Filer's total
    $0 + $7,011,513 related

  • JEFFERSON M BRINKER

    VICE PRESIDENT (BEG 6/2024)

    Total calculated
    $0
    Hours/week
    1

  • BEN B ADAMS MD

    PHYSICIAN

    Total calculated
    $688,071
    From this org
    $660,883
    From related orgs
    $0
    Other
    $27,188
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $579,660
    Bonus
    $10,000
    Other
    $71,223
    Deferred
    $0
    Nontaxable benefits
    $27,188
    Filer's total
    $688,071

  • MICHAEL A PREJEAN MD

    PHYSICIAN

    Total calculated
    $683,140
    From this org
    $617,720
    From related orgs
    $0
    Other
    $65,420
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $552,812
    Bonus
    $10,000
    Other
    $54,908
    Deferred
    $20,700
    Nontaxable benefits
    $44,720
    Filer's total
    $683,140

  • JARED M ROUSSEL MD

    PHYSICIAN

    Total calculated
    $677,167
    From this org
    $645,802
    From related orgs
    $0
    Other
    $31,365
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $578,475
    Bonus
    $10,000
    Other
    $57,327
    Deferred
    $18,768
    Nontaxable benefits
    $12,597
    Filer's total
    $677,167

  • BEDFORD NIEVES-CRUZ MD

    PHYSICIAN

    Total calculated
    $532,147
    From this org
    $480,529
    From related orgs
    $0
    Other
    $51,618
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $392,991
    Bonus
    $0
    Other
    $87,538
    Deferred
    $20,700
    Nontaxable benefits
    $30,918
    Filer's total
    $532,147

  • NATHAN M SUTTON MD

    PHYSICIAN

    Total calculated
    $442,350
    From this org
    $409,635
    From related orgs
    $0
    Other
    $32,715
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,986
    Bonus
    $101,744
    Other
    $21,905
    Deferred
    $15,802
    Nontaxable benefits
    $16,913
    Filer's total
    $442,350

  • RUSSELL P HENRY MD

    FORMER KEY EMPLOYEE

    Total calculated
    $280,054
    From this org
    $263,047
    From related orgs
    $0
    Other
    $17,007
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,000
    Bonus
    $43,047
    Other
    $0
    Deferred
    $10,522
    Nontaxable benefits
    $6,485
    Filer's total
    $280,054

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 — 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 3
THE OFFICERS OF PAEON HEALTH SERVICES, INC. ARE NOT COMPENSATED BY PAEON HEALTH SERVICES, INC., BUT ARE COMPENSATED BY RELATED ORGANIZATIONS FOR THEIR ROLES AS OFFICERS OF THE OCHSNER CLINIC FOUNDATION. THE PROCESS FOR DETERMINING COMPENSATION IS DESCRIBED ON THE FORM 990 OF OCHSNER CLINIC FOUNDATION (TIN# 72-0502505). THE METHODS USED INCLUDE A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACTS, A COMPENSATION SURVEY, AND APPROVAL BY THE COMPENSATION COMMITTEE.
PART I, LINE 4B
THE FOLLOWING PEOPLE PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) WHICH IS PART OF THE TERMS AND CONDITIONS OF THEIR EMPLOYMENT CONTRACTS WITH OCHSNER CLINIC FOUNDATION AND IS BASED ON A TARGETED REPLACEMENT OF A SET PERCENTAGE OF THEIR SALARY AT AGE 65. THE SERP IS CLASSIFIED AS A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THIS BENEFIT IS FUNDED IN A TRUST ACCOUNT WITH HANCOCK WHITNEY BANK. FOLLOWING IS A LIST OF PARTICIPANTS, THEIR TITLE WITH THE SPONSORING ORGANIZATION, AND ANY DISTRIBUTIONS MADE IN 2024: * PETER C NOVEMBER, CHIEF EXECUTIVE OFFICER; NO DISTRIBUTION.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202523189349313862

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

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