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Nonprofiteer
← HANCOCK PHYSICIAN NETWORK LLC

Form 990 for tax year 2023

Filed by HANCOCK PHYSICIAN NETWORK LLC.

Totals

Total revenue
$30,930,509
Total expenses
$35,307,121
Contributions and grants received
$9,107,087
Grants paid
$0
Program service revenue
$20,956,034
Investment income
$75,680
Other revenue
$791,708
Total assets, end of year
$7,329,512
Total liabilities, end of year
$3,742,053
Net assets or fund balances, end of year
$3,587,459
Program services expenses (Part IX)
$28,443,911
Management and general expenses
$6,863,210
Fundraising expenses
$0
Program service expenses (Part III)
$28,443,911

Program services were 80.6% 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

    $9,107,087

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

    total $16,901,377 · related or exempt $16,901,377

  • 2b · Program service revenue: CLINICS AND URGENT CARE

    total $3,592,145 · related or exempt $3,592,145

  • 2c · Program service revenue: HOSPITALIST SERVICES

    total $462,512 · related or exempt $462,512

  • 3 · Investment income

    total $75,680 · excluded $75,680

  • 11a · Other revenue: LTAC HOSPITAL REVENUE

    total $300,000 · related or exempt $300,000

  • 11b · Other revenue: HANCOCK RISE REVENUE

    total $275,932 · related or exempt $275,932

  • 11c · Other revenue: ALLOCATED ADMINISTRATIVE REVENUE

    total $215,776 · excluded $215,776

  • 11e · Other revenue, total

    $791,708

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $971,289 · program services $803,527 · management and general $167,762

  • 7 · Other salaries and wages

    total $20,140,438 · program services $16,661,760 · management and general $3,478,678

  • 8 · Pension plan contributions

    total $463,700 · program services $372,699 · management and general $91,001

  • 9 · Other employee benefits

    total $3,458,871 · program services $2,780,071 · management and general $678,800

  • 10 · Payroll taxes

    total $1,261,917 · program services $1,014,267 · management and general $247,650

  • 11g · Fees: other

    total $1,675,347 · program services $383,929 · management and general $1,291,418

  • 12 · Advertising and promotion

    total $237,182 · program services $21,813 · management and general $215,369

  • 13 · Office expenses

    total $453,296 · program services $263,262 · management and general $190,034

  • 14 · Information technology

    total $233,829 · program services $114,351 · management and general $119,478

  • 16 · Occupancy

    total $2,044,814 · program services $1,861,961 · management and general $182,853

  • 17 · Travel

    total $52,588 · program services $25,718 · management and general $26,870

  • 19 · Conferences, conventions and meetings

    total $200,475 · program services $190,185 · management and general $10,290

  • 22 · Depreciation, depletion and amortization

    total $524,922 · program services $418,014 · management and general $106,908

  • 23 · Insurance

    total $322,932 · program services $320,286 · management and general $2,646

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $3,214,678 · program services $3,190,066 · management and general $24,612

  • 24b · Other expenses: DUES & SUB.

    total $27,222 · program services $10,451 · management and general $16,771

  • 24e · All other expenses

    total $23,621 · program services $11,551 · management and general $12,070

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,172,363 · end of year $179,366

  • 2 · Savings and temporary cash investments

    beginning of year $4,588,130 · end of year $475,987

  • 4 · Accounts receivable

    beginning of year $2,532,119 · end of year $1,736,308

  • 9 · Prepaid expenses and deferred charges

    beginning of year $347,179 · end of year $176,928

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

    $6,967,599

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

    $5,146,374

  • 10c · Land, buildings and equipment, net

    beginning of year $2,306,469 · end of year $1,821,225

  • 15 · Other assets

    beginning of year $0 · end of year $2,939,698

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,973,375 · end of year $3,305,226

  • 25 · Other liabilities

    beginning of year $8,814 · end of year $436,827

  • 27 · Net assets without donor restrictions

    beginning of year $7,964,071 · end of year $3,587,459

Mission and programs · 2023

Mission

TO IMPROVE THE HEALTH OF PATIENTS AND FAMILIES IN THE COMMUNITIES IT SERVES WITH RESPECT, INTEGRITY, AND CLINICAL EXCELLENCE. HANCOCK PHYSICIAN NETWORK'S VISION IS TO BE THE PREMIER PROVIDER OF QUALITY HEALTHCARE SERVICES TO HANCOCK AND SURROUNDING COUNTIES THAT ACHIEVES THE HIGHEST LEVEL OF PATIENT SATISFACTION, PATIENT OUTCOMES, AND QUALITY OF LIFE.

  • HPN OWNS, OPERATES, AND MANAGES PHYSICIAN PRACTICES THAT PROVIDE PRIMARY CARE, BEHAVIORAL HEALTH SERVICES, AND SPECIALTY CARE FOR THE BENEFIT OF THE RESIDENTS OF ITS COMMUNITY.

    Expenses $28,443,911 · Revenue $21,531,966

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRIAN MUCKERHEIDE

    HPN PRESIDENT

    Total calculated
    $237,503
    From this org
    $56,485
    From related orgs
    $146,264
    Other
    $34,754
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $56,485 + $146,033 related
    Bonus
    $0
    Other
    $0 + $231 related
    Deferred
    $2,853 + $9,398 related
    Nontaxable benefits
    $5,114 + $17,389 related
    Filer's total
    $64,452 + $173,051 related

  • DR PAUL HALTER

    MEDICAL DIRECTOR

    Total calculated
    $208,864
    From this org
    $196,877
    From related orgs
    $0
    Other
    $11,987
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,877
    Bonus
    $0
    Other
    $0
    Deferred
    $11,820
    Nontaxable benefits
    $167
    Filer's total
    $208,864

  • DR AMANDA GOLDSTEIN

    MEDICAL DIRECTOR

    Total calculated
    $386,673
    From this org
    $347,391
    From related orgs
    $0
    Other
    $39,282
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $347,391
    Bonus
    $0
    Other
    $0
    Deferred
    $25,458
    Nontaxable benefits
    $13,824
    Filer's total
    $386,673

  • DR MARGARET FITZSIMMONS

    MEDICAL DIRECTOR

    Total calculated
    $311,299
    From this org
    $279,563
    From related orgs
    $0
    Other
    $31,736
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $279,563
    Bonus
    $0
    Other
    $0
    Deferred
    $15,469
    Nontaxable benefits
    $16,267
    Filer's total
    $311,299

  • DR JEFFREY MOSSLER

    VP OF PHYSICIAN PRACTICE MANAGEMENT

    Total calculated
    $273,897
    From this org
    $0
    From related orgs
    $261,360
    Other
    $12,537
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $211,360 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $12,250 related
    Nontaxable benefits
    $0 + $287 related
    Filer's total
    $0 + $273,897 related

  • DR KRISTIN BAGLEY

    PHYSICIAN

    Total calculated
    $422,111
    From this org
    $401,889
    From related orgs
    $0
    Other
    $20,222
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $401,889
    Bonus
    $0
    Other
    $0
    Deferred
    $19,800
    Nontaxable benefits
    $422
    Filer's total
    $422,111

  • DR SCOTT CAPEN

    PHYSICIAN

    Total calculated
    $535,111
    From this org
    $493,057
    From related orgs
    $0
    Other
    $42,054
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $493,057
    Bonus
    $0
    Other
    $0
    Deferred
    $19,800
    Nontaxable benefits
    $22,254
    Filer's total
    $535,111

  • DR DREW DUST

    PHYSICIAN

    Total calculated
    $380,890
    From this org
    $369,895
    From related orgs
    $0
    Other
    $10,995
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $359,895
    Bonus
    $10,000
    Other
    $0
    Deferred
    $3,255
    Nontaxable benefits
    $7,740
    Filer's total
    $380,890

  • DR JOHN HITTLE

    PHYSICIAN

    Total calculated
    $452,806
    From this org
    $406,437
    From related orgs
    $0
    Other
    $46,369
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $406,437
    Bonus
    $0
    Other
    $0
    Deferred
    $19,800
    Nontaxable benefits
    $26,569
    Filer's total
    $452,806

  • DR RUDO MASHINDI

    PHYSICIAN

    Total calculated
    $551,702
    From this org
    $498,922
    From related orgs
    $0
    Other
    $52,780
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $458,922
    Bonus
    $40,000
    Other
    $0
    Deferred
    $14,040
    Nontaxable benefits
    $38,740
    Filer's total
    $551,702

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 survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349316178

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