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← DEACONESS SPECIALTY PHYSICIANS INC

Form 990 for tax year 2024

Filed by DEACONESS SPECIALTY PHYSICIANS INC.

Totals

Total revenue
$21,473,448
Total expenses
$45,418,060
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$21,313,286
Investment income
$160,162
Other revenue
$0
Total assets, end of year
$18,732,725
Total liabilities, end of year
$12,626,553
Net assets or fund balances, end of year
$6,106,172
Program services expenses (Part IX)
$39,757,173
Management and general expenses
$5,660,887
Fundraising expenses
$0
Program service expenses (Part III)
$39,757,173

Program services were 87.5% 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 $21,313,286 · related or exempt $21,313,286

  • 3 · Investment income

    total $160,162 · excluded $160,162

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $34,863,728 · program services $34,141,231 · management and general $722,497

  • 8 · Pension plan contributions

    total $789,482 · program services $451,371 · management and general $338,111

  • 9 · Other employee benefits

    total $2,160,723 · program services $1,235,352 · management and general $925,371

  • 10 · Payroll taxes

    total $1,375,057 · program services $786,162 · management and general $588,895

  • 11g · Fees: other

    total $3,694,825 · program services $1,056,684 · management and general $2,638,141

  • 12 · Advertising and promotion

    total $49,723 · program services $49,723

  • 13 · Office expenses

    total $84,720 · program services $82,947 · management and general $1,773

  • 16 · Occupancy

    total $1,325,118 · program services $1,071,781 · management and general $253,337

  • 17 · Travel

    total $27,445 · program services $24,763 · management and general $2,682

  • 19 · Conferences, conventions and meetings

    total $81,721 · program services $72,921 · management and general $8,800

  • 22 · Depreciation, depletion and amortization

    total $448,028 · program services $447,284 · management and general $744

  • 23 · Insurance

    total $517,490 · program services $336,954 · management and general $180,536

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $2,048,210 · end of year $2,102,424

  • 7 · Other notes and loans receivable

    beginning of year $1,834,982 · end of year $2,848,826

  • 9 · Prepaid expenses and deferred charges

    beginning of year $94,306 · end of year $143,729

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

    $3,818,442

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

    $1,636,080

  • 10c · Land, buildings and equipment, net

    beginning of year $2,604,855 · end of year $2,182,362

  • 14 · Intangible assets

    beginning of year $459,689 · end of year $334,319

  • 15 · Other assets

    beginning of year $11,720,753 · end of year $11,121,065

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,933,501 · end of year $8,279,992

  • 25 · Other liabilities

    beginning of year $5,024,678 · end of year $4,346,561

  • 27 · Net assets without donor restrictions

    beginning of year $3,804,616 · end of year $6,106,172

Mission and programs · 2024

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.

  • DEACONESS SPECIALTY PHYSICIANS (DSP) IS A MAJOR SOURCE OF MEDICAL SERVICE WITH THE EXPERTISE OF HEART CARE. DEACONESS SPECIALTY PHYSICIANS EMPLOYS 23 PHYSICIANS, 23 MID-LEVEL PROVIDERS, AND 122 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 189,933 PATIENT VISITS FROM OCTOBER 1, 2024 THROUGH SEPTEMBER 30, 2025.

    Expenses $39,757,173 · Revenue $21,313,286

As filed on the 2024 return.

Listed in Part VII

  • Dr Bradley Scheu

    VICE PRESIDENT (PARTIAL YR)

    Total calculated
    $885,901
    From this org
    $0
    From related orgs
    $737,851
    Other
    $148,050
    Hours/week
    5 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $507,696 related
    Bonus
    $0 + $135,364 related
    Other
    $0 + $94,791 related
    Deferred
    $0 + $107,962 related
    Nontaxable benefits
    $0 + $40,088 related
    Filer's total
    $0 + $885,901 related

  • Dr James Porter

    CHAIRMAN

    Total calculated
    $1,260,538
    From this org
    $0
    From related orgs
    $1,073,178
    Other
    $187,360
    Hours/week
    10 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $682,862 related
    Bonus
    $0 + $213,203 related
    Other
    $0 + $177,113 related
    Deferred
    $0 + $160,685 related
    Nontaxable benefits
    $0 + $26,675 related
    Filer's total
    $0 + $1,260,538 related

  • Jay Woodland MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10 + 40 related

  • Todd Duckworth

    SECRETARY

    Total calculated
    $0
    Hours/week
    25 + 35 related

  • Julie Dingman

    SECRETARY (PARTIAL YR)

    Total calculated
    $315,910
    From this org
    $146,856
    From related orgs
    $146,854
    Other
    $22,200
    Hours/week
    25 + 35 related

    Schedule J breakdown matched by us

    Base
    $119,727 + $119,726 related
    Bonus
    $26,369 + $26,368 related
    Other
    $760 + $760 related
    Deferred
    $5,182 + $5,182 related
    Nontaxable benefits
    $5,918 + $5,918 related
    Filer's total
    $157,956 + $157,954 related

  • Kyle Dillman

    TREASURER

    Total calculated
    $195,416
    From this org
    $0
    From related orgs
    $155,189
    Other
    $40,227
    Hours/week
    25 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $130,963 related
    Bonus
    $0 + $22,985 related
    Other
    $0 + $1,241 related
    Deferred
    $0 + $5,736 related
    Nontaxable benefits
    $0 + $34,491 related
    Filer's total
    $0 + $195,416 related

  • Manga Kodali

    PHYSICIAN

    Total calculated
    $1,822,690
    From this org
    $1,802,802
    From related orgs
    $0
    Other
    $19,888
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,745,703
    Bonus
    $47,334
    Other
    $9,765
    Deferred
    $19,075
    Nontaxable benefits
    $813
    Filer's total
    $1,822,690

  • Lee Wagmeister MD

    PHYSICIAN

    Total calculated
    $1,664,189
    From this org
    $1,620,912
    From related orgs
    $0
    Other
    $43,277
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,516,570
    Bonus
    $93,335
    Other
    $11,007
    Deferred
    $19,075
    Nontaxable benefits
    $24,202
    Filer's total
    $1,664,189

  • Cai Yuan MD

    PHYSICIAN

    Total calculated
    $1,615,238
    From this org
    $1,562,420
    From related orgs
    $0
    Other
    $52,818
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,493,441
    Bonus
    $46,816
    Other
    $22,163
    Deferred
    $16,075
    Nontaxable benefits
    $36,743
    Filer's total
    $1,615,238

  • Evan Green MD

    PHYSICIAN

    Total calculated
    $1,434,671
    From this org
    $1,407,587
    From related orgs
    $0
    Other
    $27,084
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,346,853
    Bonus
    $17,625
    Other
    $43,109
    Deferred
    $16,075
    Nontaxable benefits
    $11,009
    Filer's total
    $1,434,671

  • James Neahring MD

    PHYSICIAN

    Total calculated
    $1,457,859
    From this org
    $1,404,852
    From related orgs
    $0
    Other
    $53,007
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,364,901
    Bonus
    $27,678
    Other
    $12,273
    Deferred
    $19,075
    Nontaxable benefits
    $33,932
    Filer's total
    $1,457,859

  • Lynn Lingafelter

    FORMER COO

    Total calculated
    $1,271,339
    From this org
    $0
    From related orgs
    $1,072,960
    Other
    $198,379
    Hours/week
    5 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $694,891 related
    Bonus
    $0 + $216,135 related
    Other
    $0 + $161,934 related
    Deferred
    $0 + $162,333 related
    Nontaxable benefits
    $0 + $36,046 related
    Filer's total
    $0 + $1,271,339 related

  • Cheryl Wathen

    FORMER SECRETARY

    Total calculated
    $1,183,383
    From this org
    $0
    From related orgs
    $988,864
    Other
    $194,519
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $660,905 related
    Bonus
    $0 + $178,364 related
    Other
    $0 + $149,595 related
    Deferred
    $0 + $148,420 related
    Nontaxable benefits
    $0 + $46,099 related
    Filer's total
    $0 + $1,183,383 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 3
THE FOLLOWING METHODS WERE USED BY DEACONESS HEALTH SYSTEM, A RELATED NON-PROFIT ORGANIZATION, TO DETERMINE THE COMPENSATION FOR THE CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION STUDY OR SURVEY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
NONQUALIFIED PAYMENTS: BRADLEY SCHEU $23,000 LEE WAGMEISTER $23,000 LYNN LINGAFELTER $23,000 CHERYL WATHEN $23,000 JAMES PORTER $23,000 CAI YUAN $23,000 MANGA KODALI $23,000 PART 1, 4B: BRADLEY SCHEU: SUPPLEMENTAL ACCUMULATION ACCOUNT CONTRIBUTIONS OF $95,887 SUPPLEMENTAL ACCUMULATION ACCOUNT PAYOUT OF $92,095 JAMES PORTER: SUPPLEMENTAL ACCUMULATION ACCOUNT CONTRIBUTIONS OF $148,610 SUPPLEMENTAL ACCUMULATION ACCOUNT PAYOUT OF $173,122 LYNN LINGAFELTER: SUPPLEMENTAL ACCUMULATION ACCOUNT CONTRIBUTIONS OF $150,258 SUPPLEMENTAL ACCUMULATION ACCOUNT PAYOUT OF $158,553 CHERYL WATHEN: SUPPLEMENTAL ACCUMULATION ACCOUNT CONTRIBUTIONS OF $136,345 SUPPLEMENTAL ACCUMULATION ACCOUNT PAYOUT OF $143,448

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.

  • BOSTON IVF FERTILITY SERVICES AT THE WOMEN'S HOSPITAL

    HEALTHCARE · IN

  • BAPTIST HEALTH DEACONESS LLC

    HEALTHCARE · KY

  • BURKHARDT CANCER CENTER LLC

    HEALTHCARE · IN

  • DEACONESS HEALTH PLANS LLC

    PREFERRED PROVIDER NETWORK · IN

  • DEACONESS HOME HEALTH LLC

    HEALTHCARE · OH

  • DUBOIS PSYCH PROPERTIES LLC

    MENTAL HEALTH SERVICES · IN

  • ENCOMPASS HEALTH DEACONESS REHABILIATION

    OUTPATIENT · AL

  • EVANSVILLE SURGERY SERVICES LLC

    HEALTHCARE · IN

  • INNOVATIVE HEALTHCARE COLLABORATIVE OF INDIANA LLC

    HEALTHCARE · IN

  • LOFIELD DIALYSIS LLC

    HEALTHCARE · WA

  • MAINSPRING MANAGERS LLC

    NEUROLOGY SERVICES · IN

  • MEMORIAL HOSPITAL OUTPATIENT SURGERY CENTER LLC

    OUTPATIENT · IN

  • ORTHOALIGN LLC

    HEALTHCARE · IN

  • ORTHOPRIME LLC

    HEALTHCARE · IN

  • PROGRESSIVE HEALTH OF INDIANA LLC

    OUTPATIENT · IN

  • TRI-STATE HEALTHCARE CONSULTANTS LLC

    HEALTHCARE · IN

  • TRI-STATE RADIATION ONCOLOGY CENTERS LLC

    OUTPATIENT · DE

  • VASCMED LLC

    VASCULAR SERVICES · IN

Related corporations and trusts

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

  • CROSSROADS HEALTH SERVICES RECIPROCAL

    C · INDUSTRIAL INSURANCE RECIPROCAL REINSURANCE · VT

Provenance

Return type
form_990
Tax year
2024
Filed
17 August 2026
IRS schema version
2024v5.5
Source object
202642309349301694

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