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← Fredericksburg Physicians No 1

Form 990 for tax year 2023

Filed by Fredericksburg Physicians No 1.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 17 February 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$2,973,145 changed to $0
Total expenses
$5,722,852 changed to $0
Program service revenue
$2,973,145 changed to $0
Program services expenses
$4,458,087 changed to $0
Management and general expenses
$1,264,765 changed to $0
Program service expenses (Part III)
$4,458,087 changed to $0

Listed only on the earlier return

  • CHRISTOPHER FINCKE
  • CHRISTOPHER L LOVE
  • CLINTON KOTAL
  • GREGORY ANDREASSIAN
  • ROSE CORTINA
  • SUSAN NEVES
  • THERESA WEBER

Listed only on the later return

  • Chris Semmler

Listed under a different title

  • ANDREW BOWSER: DIRECTOR/PHYSICIAN then DIRECTOR
  • BERTHA GAYTAN: DIRECTOR/PHYSICIAN then Director
  • MICHAEL ABEL: DIRECTOR/PHYSICIAN/CHAIR then Chair
  • RALPH MENARD: DIRECTOR/PHYSICIAN then DIRECTOR
  • REBECCA TURBEVILLE: DIRECTOR/PHYSICIAN/VICE PRES then Vice President

Totals

Total revenue
$2,973,145
Total expenses
$5,722,852
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,973,145
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$4,458,087
Management and general expenses
$1,264,765
Fundraising expenses
$0
Program service expenses (Part III)
$4,458,087

Program services were 77.9% 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.

  • 2a · Program service revenue: NET PATIENT REVENUE

    total $2,971,561 · related or exempt $2,971,561

  • 2b · Program service revenue: CLINIC RENT REVENUE

    total $1,584 · related or exempt $1,584

  • 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

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $201,352 · program services $148,821 · management and general $52,531

  • 7 · Other salaries and wages

    total $3,104,960 · program services $2,337,300 · management and general $767,660

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0

  • 9 · Other employee benefits

    total $389,058 · program services $273,326 · management and general $115,732

  • 10 · Payroll taxes

    total $111,064 · program services $77,288 · management and general $33,776

  • 11g · Fees: other

    total $321,676 · program services $257,341 · management and general $64,335 · fundraising $0

  • 12 · Advertising and promotion

    total $20,761 · management and general $20,761

  • 13 · Office expenses

    total $70,119 · program services $27,771 · management and general $42,348

  • 16 · Occupancy

    total $228,588 · program services $171,941 · management and general $56,647

  • 17 · Travel

    total $1,765 · program services $1,412 · management and general $353

  • 19 · Conferences, conventions and meetings

    total $4,230 · program services $3,384 · management and general $846

  • 22 · Depreciation, depletion and amortization

    total $121,147 · program services $96,918 · management and general $24,229

  • 23 · Insurance

    total $64,254 · program services $46,876 · management and general $17,378

  • 24a · Other expenses: Bad Debt

    total $398,843 · program services $398,843

  • 24b · Other expenses: Unbudgeted Projects

    total $344,195 · program services $344,195

  • 24c · Other expenses: SUPPLIES

    total $290,537 · program services $232,430 · management and general $58,107

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $47,569 · program services $38,055 · management and general $9,514

  • 24e · All other expenses

    total $2,734 · program services $2,186 · management and general $548 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $107,344

  • 4 · Accounts receivable

    beginning of year $1,020,994

  • 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 $74,098

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $3,994,351 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $779,803

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $59,677,583 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$55,260,599

Mission and programs · 2023

Mission

CREATE HEALTHY MANAGEMENT'S VISION IS EMPOWER OTHERS, CREATE HEALTHY. THE ORGANIZATION'S VALUES ARE: COMPASSION, OWNERSHIP, INNOVATION, AND EXCELLENCE.

Activities or mission (Part I)

TO ENCOURAGE QUALITY HEALTHCARE PROVIDERS TO LOCATE IN THE FREDERICKSBURG AREA TO PROVIDE HEALTHCARE SERVICES TO PATIENTS.

  • PROVIDED OUTPATIENT PRIMARY CARE AND RELATED HEALTH SERVICES TO PATIENTS IN THE FREDERICKSBURG AREA. THE ORGANIZATION ALSO HAS VARIOUS SPECIALISTS IN FIELDS SUCH AS ENT, OB/GYN, GASTROENTEROLOGY, GENERAL SURGERY, ORTHOPEDICS, PAIN MANAGEMENT, PODIATRY, PULMONOLOGY, UROLOGY AND VASCULAR CARE WHO PROVIDE SPECIALTY CARE TO PATIENTS IN THE AREA.

    Expenses $4,458,087 · Revenue $2,973,145

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

Listed in Part VII

  • MICHAEL ABEL

    DIRECTOR/PHYSICIAN/CHAIR

    Total calculated
    $101,721
    From this org
    $90,738
    From related orgs
    $0
    Other
    $10,983
    Hours/week
    39 + 1 related

  • REBECCA TURBEVILLE

    DIRECTOR/PHYSICIAN/VICE PRES

    Total calculated
    $99,121
    From this org
    $83,975
    From related orgs
    $0
    Other
    $15,146
    Hours/week
    39 + 1 related

  • ANDREW BOWSER

    DIRECTOR/PHYSICIAN

    Total calculated
    $239,056
    From this org
    $218,145
    From related orgs
    $0
    Other
    $20,911
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $136,251
    Bonus
    $81,894
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $8,711
    Filer's total
    $239,056

  • BERTHA GAYTAN

    DIRECTOR/PHYSICIAN

    Total calculated
    $129,321
    From this org
    $119,536
    From related orgs
    $0
    Other
    $9,785
    Hours/week
    39 + 1 related

  • NANCY THOMPSON

    DIRECTOR

    Total calculated
    $135,776
    From this org
    $116,296
    From related orgs
    $0
    Other
    $19,480
    Hours/week
    40

  • RALPH MENARD

    DIRECTOR/PHYSICIAN

    Total calculated
    $180,420
    From this org
    $160,239
    From related orgs
    $0
    Other
    $20,181
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $92,714
    Bonus
    $67,525
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $7,981
    Filer's total
    $180,421

  • JAYNE POPE

    CEO

    Total calculated
    $819,099
    From this org
    $0
    From related orgs
    $789,610
    Other
    $29,489
    Hours/week
    0.3 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $379,610 related
    Bonus
    $0
    Other
    $0 + $410,000 related
    Deferred
    $0 + $18,151 related
    Nontaxable benefits
    $0 + $11,337 related
    Filer's total
    $0 + $819,098 related

  • SUSAN NEVES

    CFO

    Total calculated
    $435,867
    From this org
    $0
    From related orgs
    $415,975
    Other
    $19,892
    Hours/week
    0.3 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $90,975 related
    Bonus
    $0
    Other
    $0 + $325,000 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $7,692 related
    Filer's total
    $0 + $435,867 related

  • CLINTON KOTAL

    Chief Integration Officer

    Total calculated
    $438,097
    From this org
    $0
    From related orgs
    $417,519
    Other
    $20,578
    Hours/week
    15 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $92,519 related
    Bonus
    $0
    Other
    $0 + $325,000 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $8,378 related
    Filer's total
    $0 + $438,097 related

  • CHRISTOPHER FINCKE

    PHYSICIAN

    Total calculated
    $477,569
    From this org
    $456,947
    From related orgs
    $0
    Other
    $20,622
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,115
    Bonus
    $245,832
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $8,422
    Filer's total
    $477,568

  • CHRISTOPHER L LOVE

    PHYSICIAN

    Total calculated
    $299,647
    From this org
    $279,095
    From related orgs
    $0
    Other
    $20,552
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,704
    Bonus
    $123,391
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $8,352
    Filer's total
    $299,647

  • GREGORY ANDREASSIAN

    PHYSICIAN

    Total calculated
    $159,782
    From this org
    $139,601
    From related orgs
    $0
    Other
    $20,181
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $85,188
    Bonus
    $54,413
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $7,981
    Filer's total
    $159,782

  • ROSE CORTINA

    Physician

    Total calculated
    $134,735
    From this org
    $134,735
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • THERESA WEBER

    PHYSICIAN

    Total calculated
    $155,836
    From this org
    $143,532
    From related orgs
    $0
    Other
    $12,304
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $55,685
    Bonus
    $87,847
    Other
    $0
    Deferred
    $12,069
    Nontaxable benefits
    $235
    Filer's total
    $155,836

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

  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 EXECUTIVE COMPENSATION
CREATE HEALTHY MANAGEMENT, A RELATED ORGANIZATION, DETERMINES COMPENSATION OF THE CEO THROUGH THE USE OF THE FOLLOWING: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
Schedule J, Part I, Line 4a Change-of-Control Payment
The Board of Directors consulted with legal counsel and approved retention/change of control payments in advance of the transaction in an effort to retain key senior staff in place for the duration of the transaction. Retention agreements are key elements in such transactions. The loss of key staff during the eighteen months of negotiation, diligence and closing, had the potential to result in an economic loss through either diminished operations or a reduction in the purchase price or both in excess of 10 million dollars. The amount of the retention agreements was confirmed through an independent third party national compensation consultant. The cost of the retention agreements was reasonable and appropriate in light of the material potential enterprise risk. The following individuals received payment: Jayne Pope $410,000 Susan Neves $325,000 Clinton Kotal $325,000

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

2 distributions to recipients named as people, $3,910,660 in total. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349309465

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