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Nonprofiteer
← INDIANA HEALTHCARE PHYSICIAN SERVICES INC

Form 990 for tax year 2023

Filed by INDIANA HEALTHCARE PHYSICIAN SERVICES INC.

Totals

Total revenue
$33,848,783
Total expenses
$52,827,484
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$28,882,136
Investment income
$809
Other revenue
$4,965,838
Total assets, end of year
$7,739,000
Total liabilities, end of year
$5,692,467
Net assets or fund balances, end of year
$2,046,533
Program services expenses (Part IX)
$41,679,414
Management and general expenses
$11,148,070
Fundraising expenses
$0
Program service expenses (Part III)
$41,679,414

Program services were 78.9% 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: OUTPATIENT REVENUE

    total $28,882,136 · related or exempt $28,882,136

  • 3 · Investment income

    total $809 · excluded $809

  • 11a · Other revenue: EMPLOYEE TIMESHARE SVCS

    total $2,507,579 · unrelated business $214,959 · excluded $2,292,620

  • 11b · Other revenue: INSURANCE INCENTIVES

    total $1,809,253 · excluded $1,809,253

  • 11c · Other revenue: PHYSICIAN BILLING SERVICES

    total $279,444 · unrelated business $279,444

  • 11d · All other revenue

    total $369,562 · excluded $369,562

  • 11e · Other revenue, total

    $4,965,838

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $11,147,721 · program services $8,918,177 · management and general $2,229,544

  • 8 · Pension plan contributions

    total $876,638 · program services $701,310 · management and general $175,328

  • 9 · Other employee benefits

    total $3,318,189 · program services $2,654,551 · management and general $663,638

  • 10 · Payroll taxes

    total $1,942,956 · program services $1,554,365 · management and general $388,591

  • 11a · Fees: management

    total $74,748 · program services $59,798 · management and general $14,950

  • 11c · Fees: accounting

    total $3,675 · program services $2,940 · management and general $735

  • 11g · Fees: other

    total $28,892,570 · program services $23,114,056 · management and general $5,778,514

  • 12 · Advertising and promotion

    total $150 · program services $120 · management and general $30

  • 13 · Office expenses

    total $425,951 · program services $340,761 · management and general $85,190

  • 14 · Information technology

    total $115,229 · program services $92,183 · management and general $23,046

  • 16 · Occupancy

    total $2,058,807 · program services $1,647,046 · management and general $411,761

  • 17 · Travel

    total $45,082 · program services $36,066 · management and general $9,016

  • 19 · Conferences, conventions and meetings

    total $74,141 · program services $59,313 · management and general $14,828

  • 22 · Depreciation, depletion and amortization

    total $118,290 · program services $94,632 · management and general $23,658

  • 23 · Insurance

    total $965,923 · program services $772,738 · management and general $193,185

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $1,789,269 · program services $1,431,415 · management and general $357,854

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $716,082 · management and general $716,082

  • 24c · Other expenses: MISCELLANEOUS

    total $123,402 · program services $98,722 · management and general $24,680

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $91,804 · program services $73,443 · management and general $18,361

  • 24e · All other expenses

    total $46,857 · program services $27,778 · management and general $19,079

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,373 · end of year $3,373

  • 2 · Savings and temporary cash investments

    beginning of year $351,280 · end of year $641,376

  • 4 · Accounts receivable

    beginning of year $2,874,086 · end of year $2,848,141

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,314 · end of year $73,892

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

    $1,733,386

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

    $1,345,517

  • 10c · Land, buildings and equipment, net

    beginning of year $500,708 · end of year $387,869

  • 15 · Other assets

    beginning of year $1,875,832 · end of year $3,784,349

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,785,903 · end of year $2,095,154

  • 25 · Other liabilities

    beginning of year $1,684,092 · end of year $3,597,313

  • 27 · Net assets without donor restrictions

    beginning of year $1,175,190 · end of year $2,046,533

  • 28 · Net assets with donor restrictions

    beginning of year $408 · end of year $0

Mission and programs · 2023

Mission

PREVENTIVE HEALTH SERVICES, GENERAL/OTHER: INDIANA HEALTHCARE PHYSICIAN SERVICES, INC IS A NON-PROFIT HOSPITAL-OWNED GROUP OF PRACTICES OWNED AND OPERATED TO SERVE THE RURAL AREAS OF INDIANA COUNTY AND SURROUNDING COMMUNITIES. CONTINUED ON SCHEDULE "O".ITS MISSION IS TO SUPPORT THE MISSIONS AND VALUES OF INDIANA REGIONAL MEDICAL CENTER IN PROVIDING HEALTH CARE AND EDUCATIONAL SERVICES TO ALL WHO SEEK HEALTHCARE WITHOUT DISCRIMINATION. WE PROVIDE ACCESSIBLE, COST EFFECTIVE, QUALITY HEALTHCARE WITHIN THE RURAL COMMUNITIES OF INDIANA AND SURROUNDING COUNTIES.

Activities or mission (Part I)

PROVIDE HEALTH SERVICES.

  • PREVENTATIVE HEALTH SERVICES, GENERAL/OTHER:INDIANA HEALTHCARE PHYSICIAN SERVICES, INC. ("IHPS") IS A NON-PROFIT HOSPITAL OWNED GROUP OF PRACTICES OWNED AND OPERATED TO SERVE THE RURAL AREAS OF INDIANA AND SURROUNDING COMMUNITIES. ITS MISSION IS TO SUPPORT THE MISSIONS AND VALUES OF INDIANA REGIONAL MEDICAL CENTER IN PROVIDING HEALTH CARE AND EDUCATIONAL SERVICES TO ALL WHO SEEK HEALTHCARE WITHOUT DISCRIMINATION. WE PROVIDE ACCESSIBLE, COST EFFECTIVE QUALITY HEALTHCARE WITHIN THE RURAL COMMUNITIES OF INDIANA AND SURROUNDING COUNTIES. CHARITY CARE PROVIDED DURING THE FISCAL YEAR ENDED JUNE 30, 2024 WAS $172,332. CONTINUED ON SCHEDULE O.OWNERSHIP OF PHYSICIAN OFFICES - IHPS FOCUSES ON REBUILDING THE REVENUE CYCLE AND COST STRUCTURE OF PHYSICIAN OFFICES WITHIN THE COMUNITY. IHPS ALSO FOCUSES OF RECRUITING PHYSICIANS THAT OFFER A NEW OR NEEDED SERVICES WITHIN THE COMMUNITY.WE SUPPORT AND WORK COLLABORATIVELY WITH OTHER NON-PROFIT AGENCIES WITHIN OUR COMMUNITY AND SURROUNDING COUNTIES. SOME OF THE COLLABORATIONS ARE LISTED BELOW, BUT ARE NOT LIMITED TO:-(MOMS) MATERNAL OPIOID MEDICATION SUPPORT AND MEDICATION ASSISTED TREATMENT CLINIC - CARE FOR PREGNANT MOTHERS AND INDIVIDUALS IMPACTED BY SUBSTANCE USE DISORDER.-ACCESS TO OUTPATIENT MENTAL HEALTH CARE-PRIMARY CARE SOCIAL WORK SERVICES TO ADDRESS SOCIAL DETERMINANTS OF HEALTH AND COORDIATE PATIENT CARE FOR CHRONIC ILLNESS.-ACCESS TO HEALTH CARE FOR INDIVIDUALS AND FAMILIES BASED ON INCOME THROUGH THE IRMC FINANCIAL AID PROGRAM.-INTERNSHIP HOST SITE FOR STUDENTS PURSUING HEALTH RELATED DEGREES.-SATELLITE PRIMARY CARE LOCATIONS TO ENABLE RURAL HEALTH ACCESS.-IHPS STAFF ARE ACTIVE MEMBERS ON LOCAL TASKFORCES AND COMMUNITY BOARDS WORKING TO IMPROVE COMMUNITY HEALTH OUTCOMES.-SPEAKING ENGAGEMENTS AND COMMUNITY PROGRAMS RELATED TO HEALTH ISSUES OR WELLNESS TO ANY AND ALL COMMUNITY GROUPS, CHURCHES, AND OR OTHER NON-PROFIT ORGANIZATIONS.-ACTIVE PARTICIPATION IN HEALTH PROGRAMS WITHIN THE SCHOOLS.-FREE PARKING FOR PATIENTS AND EMPLOYEES.-HEALTH SCREENING PARTICIPATION WITH LOCAL AGENCIES AND NON-PROFIT FUNDRAISING EVENTS WITHIN THE COMMUNITY.-STAFF PARTICIPATES IN THE UNITED WAY CAMPAIGN.-EMPLOYEE/TIMESHARE SERVICES - IHPS FOCUSES ON PROVIDING QUALITY WELL-TRAINED SUPPORT STAFF TO MULTIPLE INDEPENDENT PHYSICIANS WITHIN THE COMMUNITY.-PHYSICIAN BILLING SERVICES - IHPS FOCUSES ON PROVIDING QUALITY BILLING SERVICES THAT MAXIMIZES REIMBURSEMENT TO MULTIPLE INDEPENDENT PHYSICIANS WITHIN THE COMMUNITY-THORACIC SURGERY

    Expenses $41,679,414 · Revenue $28,882,136

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

Listed in Part VII

  • Nathan Kovalchick

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • T Michael Price

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Russell A Drozdiak MD

    BOARD MEMBER/PHYSICIAN

    Total calculated
    $172,453
    From this org
    $166,992
    From related orgs
    $0
    Other
    $5,461
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,838
    Bonus
    $6,901
    Other
    $4,253
    Deferred
    $4,471
    Nontaxable benefits
    $990
    Filer's total
    $172,453

  • Becky Stapleton

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Stephen A Wolfe

    PRESIDENT & CEO

    Total calculated
    $933,558
    From this org
    $0
    From related orgs
    $886,903
    Other
    $46,655
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $615,927 related
    Bonus
    $0 + $88,595 related
    Other
    $0 + $182,381 related
    Deferred
    $0 + $26,677 related
    Nontaxable benefits
    $0 + $19,978 related
    Filer's total
    $0 + $933,558 related

  • Edward McDowell MD

    BOARD MEMBER/PHYSICIAN

    Total calculated
    $516,820
    From this org
    $485,746
    From related orgs
    $0
    Other
    $31,074
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $455,646
    Bonus
    $0
    Other
    $30,100
    Deferred
    $14,003
    Nontaxable benefits
    $17,071
    Filer's total
    $516,820

  • Christina Lubold MD

    BOARD MEMBER/PHYSICIAN

    Total calculated
    $37,920
    From this org
    $0
    From related orgs
    $37,920
    Other
    $0
    Hours/week
    1 + 39 related

  • Frank Roberts

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Robert A Gongaware

    CHIEF FINANCIAL OFFICER

    Total calculated
    $361,048
    From this org
    $0
    From related orgs
    $312,538
    Other
    $48,510
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,552 related
    Bonus
    $0
    Other
    $0 + $3,986 related
    Deferred
    $0 + $28,801 related
    Nontaxable benefits
    $0 + $19,709 related
    Filer's total
    $0 + $361,048 related

  • Michael F Ickowski

    CHIEF FINANCIAL OFFICER

    Total calculated
    $193,547
    From this org
    $0
    From related orgs
    $193,547
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,891 related
    Bonus
    $0
    Other
    $0 + $10,656 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $193,547 related

  • Nihar Ghate Dpm

    PHYSICIAN

    Total calculated
    $690,424
    From this org
    $657,032
    From related orgs
    $0
    Other
    $33,392
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $517,947
    Bonus
    $137,028
    Other
    $2,057
    Deferred
    $9,658
    Nontaxable benefits
    $23,734
    Filer's total
    $690,424

  • Berjesh Sharda MD

    PHYSICIAN

    Total calculated
    $568,178
    From this org
    $546,780
    From related orgs
    $0
    Other
    $21,398
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $537,929
    Bonus
    $0
    Other
    $8,851
    Deferred
    $2,538
    Nontaxable benefits
    $18,860
    Filer's total
    $568,178

  • Daniel Clark MD

    PHYSICIAN

    Total calculated
    $580,239
    From this org
    $546,189
    From related orgs
    $0
    Other
    $34,050
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $489,252
    Bonus
    $0
    Other
    $56,937
    Deferred
    $13,731
    Nontaxable benefits
    $20,319
    Filer's total
    $580,239

  • Leonard Maliver MD

    PHYSICIAN

    Total calculated
    $653,640
    From this org
    $634,553
    From related orgs
    $0
    Other
    $19,087
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $627,488
    Bonus
    $0
    Other
    $7,065
    Deferred
    $10,470
    Nontaxable benefits
    $8,617
    Filer's total
    $653,640

  • Joseph Buzogany MD

    PHYSICIAN

    Total calculated
    $581,013
    From this org
    $546,769
    From related orgs
    $0
    Other
    $34,244
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $400,426
    Bonus
    $50,000
    Other
    $96,343
    Deferred
    $11,723
    Nontaxable benefits
    $22,521
    Filer's total
    $581,013

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 CEO'S COMPENSATION IS PAID BY INDIANA REGIONAL MEDICAL CENTER. INDIANA REGIONAL MEDICAL CENTER USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
INDIANA REGIONAL MEDICAL CENTER HAS A SUPPLEMENTAL, NONQUALIFIED RETIREMENT PLAN UNDER IRC SECTION 457(F) FOR PRESIDENT & CEO, STEPHEN A. WOLFE. PAY OUTS TO WERE $138,553, AND CONTRIBUTIONS TO THE PLAN WERE $94,502 DURING CALENDAR YEAR 2023. INDIANA HEALTHCARE PHYSICIAN SERVICES HAS A 457(F) PLAN AVAILABLE FOR THEIR PHYSICIANS. FOLLOWING PHYSICIANS WERE MEMBERS OF THE PLAN DURING THE CALENDAR YEAR 2023: - DR. NIHAR GHATE: NO AMOUNTS WERE PAID TO HIM AND $22,000 CONTRIBUTIONS WERE MADE TO THE PLAN. - DR. JOSEPH BUZOGANY: PAY OUTS TO HIM WERE $92,964, AND CONTRIBUTIONS TO THE PLAN WERE $30,000. - DR. DANIEL CLARK: PAY OUTS TO HIM WERE $53,277, AND CONTRIBUTIONS TO THE PLAN WERE $11,539.

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
16 April 2025
IRS schema version
2023v6.0
Source object
202501259349301710

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