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← DEACONESS SPECIALTY PHYSICIANS INC

Form 990 for tax year 2022

Filed by DEACONESS SPECIALTY PHYSICIANS INC.

Totals

Total revenue
$21,200,472
Total expenses
$36,712,092
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$21,198,750
Investment income
$1,722
Other revenue
$0
Total assets, end of year
$14,628,208
Total liabilities, end of year
$13,601,884
Net assets or fund balances, end of year
$1,026,324
Program services expenses (Part IX)
$31,852,417
Management and general expenses
$4,859,675
Fundraising expenses
$0
Program service expenses (Part III)
$31,852,417

Program services were 86.8% 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 $21,198,750 · related or exempt $21,198,750

  • 3 · Investment income

    total $1,722 · excluded $1,722

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $26,580,621 · program services $25,550,279 · management and general $1,030,342

  • 8 · Pension plan contributions

    total $969,254 · program services $931,242 · management and general $38,012

  • 9 · Other employee benefits

    total $1,966,255 · program services $1,889,142 · management and general $77,113

  • 10 · Payroll taxes

    total $1,206,223 · program services $1,158,917 · management and general $47,306

  • 11c · Fees: accounting

    total $662,724 · management and general $662,724

  • 11g · Fees: other

    total $2,661,081 · management and general $2,661,081

  • 12 · Advertising and promotion

    total $51,887 · program services $48,731 · management and general $3,156

  • 13 · Office expenses

    total $170,577 · program services $169,507 · management and general $1,070

  • 14 · Information technology

    total $63,600 · program services $61,004 · management and general $2,596

  • 16 · Occupancy

    total $1,253,201 · program services $1,239,229 · management and general $13,972

  • 17 · Travel

    total $70,808 · program services $70,688 · management and general $120

  • 19 · Conferences, conventions and meetings

    total $174,017 · program services $168,885 · management and general $5,132

  • 22 · Depreciation, depletion and amortization

    total $511,167 · program services $367,554 · management and general $143,613

  • 23 · Insurance

    total $370,677 · program services $197,239 · management and general $173,438

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $1,729,018 · end of year $1,740,392

  • 7 · Other notes and loans receivable

    beginning of year $644,068 · end of year $1,393,080

  • 9 · Prepaid expenses and deferred charges

    beginning of year $104,369 · end of year $119,880

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

    $3,795,139

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

    $830,788

  • 10c · Land, buildings and equipment, net

    beginning of year $1,046,544 · end of year $2,964,351

  • 14 · Intangible assets

    beginning of year $710,428 · end of year $585,059

  • 15 · Other assets

    beginning of year $1,462,000 · end of year $7,825,446

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,717,636 · end of year $7,951,417

  • 25 · Other liabilities

    beginning of year $8,400,478 · end of year $5,650,467

  • 27 · Net assets without donor restrictions

    beginning of year -$8,421,687 · end of year $1,026,324

Mission and programs · 2022

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.

  • PATIENT SERVICE REVENUE - DEACONESS SPECIALTY PHYSICIANS(DSP) IS A MAJOR SOURCE OF MEDICAL SERVICE WITH THE EXPERTISE OF HEART CARE. DEACONESS SPECIALTY PHYSICIANS EMPLOYS 24 PHYSICIANS, 20 MID-LEVEL PROVIDERS, AND 107 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 HAS 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 188,364 PATIENT VISITS FROM OCTOBER 1, 2022 THROUGH SEPTEMBER 30, 2023.

    Expenses $31,852,417 · Revenue $21,198,750

As filed on the 2022 return.

Listed in Part VII

  • Dr Bradley Scheu

    PRESIDENT

    Total calculated
    $629,682
    From this org
    $0
    From related orgs
    $500,579
    Other
    $129,103
    Hours/week
    5 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $395,518 related
    Bonus
    $0 + $102,385 related
    Other
    $0 + $2,676 related
    Deferred
    $0 + $92,726 related
    Nontaxable benefits
    $0 + $36,377 related
    Filer's total
    $0 + $629,682 related

  • Dr James Porter

    VICE PRESIDENT

    Total calculated
    $1,292,570
    From this org
    $0
    From related orgs
    $1,083,242
    Other
    $209,328
    Hours/week
    5 + 63 related

    Schedule J breakdown matched by us

    Base
    $0 + $632,974 related
    Bonus
    $0 + $174,754 related
    Other
    $0 + $275,514 related
    Deferred
    $0 + $172,267 related
    Nontaxable benefits
    $0 + $37,061 related
    Filer's total
    $0 + $1,292,570 related

  • Cheryl Wathen

    SECRETARY

    Total calculated
    $1,021,795
    From this org
    $0
    From related orgs
    $820,174
    Other
    $201,621
    Hours/week
    1 + 64 related

    Schedule J breakdown matched by us

    Base
    $0 + $577,576 related
    Bonus
    $0 + $134,675 related
    Other
    $0 + $107,923 related
    Deferred
    $0 + $159,494 related
    Nontaxable benefits
    $0 + $42,127 related
    Filer's total
    $0 + $1,021,795 related

  • Hoang Tran MD

    PHYSICIAN

    Total calculated
    $1,355,246
    From this org
    $1,224,359
    From related orgs
    $103,750
    Other
    $27,137
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,110,020
    Bonus
    $105,859
    Other
    $8,480 + $103,750 related
    Deferred
    $16,580
    Nontaxable benefits
    $10,557
    Filer's total
    $1,251,496 + $103,750 related

  • James Neahring MD

    PHYSICIAN

    Total calculated
    $1,107,667
    From this org
    $1,062,401
    From related orgs
    $0
    Other
    $45,266
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,014,684
    Bonus
    $36,473
    Other
    $11,244
    Deferred
    $16,580
    Nontaxable benefits
    $28,686
    Filer's total
    $1,107,667

  • Chandrashekar Kumbar MD

    PHYSICIAN

    Total calculated
    $1,138,215
    From this org
    $1,118,096
    From related orgs
    $0
    Other
    $20,119
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $947,797
    Bonus
    $168,337
    Other
    $1,962
    Deferred
    $7,320
    Nontaxable benefits
    $12,799
    Filer's total
    $1,138,215

  • Lee Wagmeister MD

    PHYSICIAN

    Total calculated
    $1,278,491
    From this org
    $1,241,639
    From related orgs
    $0
    Other
    $36,852
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,195,264
    Bonus
    $43,333
    Other
    $3,042
    Deferred
    $16,580
    Nontaxable benefits
    $20,272
    Filer's total
    $1,278,491

  • Nathan Reed MD

    PHYSICIAN

    Total calculated
    $1,252,016
    From this org
    $1,205,980
    From related orgs
    $0
    Other
    $46,036
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,036,944
    Bonus
    $166,330
    Other
    $2,706
    Deferred
    $16,580
    Nontaxable benefits
    $29,456
    Filer's total
    $1,252,016

  • Lynn Lingafelter

    FORMER COO

    Total calculated
    $1,065,554
    From this org
    $0
    From related orgs
    $882,665
    Other
    $182,889
    Hours/week
    5 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $608,584 related
    Bonus
    $0 + $168,260 related
    Other
    $0 + $105,821 related
    Deferred
    $0 + $151,033 related
    Nontaxable benefits
    $0 + $31,856 related
    Filer's total
    $0 + $1,065,554 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 4B
SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS: SEVERANCE NONQUALIFIED EQUITY-BASED BRADLEY SCHEU 0 20,500 0 CHERYL WATHEN 0 20,500 0 LEE WAGMEISTER 0 20,500 0 HOANG TRAN 0 20,500 0 CHANDRASHEKAR KUMBAR 0 20,500 0 JAMES PORTER 0 20,500 0 LYNN LINGAFELTER 0 20,500 0 PART I, 4B: BRADLEY SCHEU: SUPPLEMENTAL ACCUMULATION ACCOUNT CONTRIBUTIONS OF $71,516. SUPPLEMENTAL ACCUMULATION ACCOUNT PAYOUT OF $0. CHERYL WATHEN: SUPPLEMENTAL ACCUMULATION ACCOUNT CONTRIBUTIONS OF $119,207. SUPPLEMENTAL ACCUMULATION ACCOUNT PAYOUT OF $92,511. JAMES PORTER: SUPPLEMENTAL ACCUMULATION ACCOUNT CONTRIBUTIONS OF $138,747. SUPPLEMENTAL ACCUMULATION ACCOUNT PAYOUT OF $267,465. LYNN LINGAFELTER: SUPPLEMENTAL ACCUMULATION ACCOUNT CONTRIBUTIONS OF $126,485. SUPPLEMENTAL ACCUMULATION ACCOUNT PAYOUT OF $97,784.

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.

  • DEACONESS HEALTH PLANS LLC

    PREFERRED PROVIDER NETWORK · IN

  • ENCOMPASS HEALTH DEACONESS REHABILIATION

    OUTPATIENT · AL

  • MAINSPRING MANAGERS LLC

    NEUROLOGY SERVICES · IN

  • ORTHOALIGN LLC

    HEALTHCARE · IN

  • PROGRESSIVE HEALTH OF IN LLC

    OUTPATIENT · IN

  • TRI - STATE HEALTHCARE CONSULTING LLC

    HEALTHCARE · IN

  • TRI-STATE RADIATION ONCOLOGY

    OUTPATIENT · DE

  • VASCMED LLC

    VASCULAR SERVICES · IN

  • BURKHARDT CANCER CENTER

    HEALTHCARE · IN

  • BOSTON IVF FERTILITY SERVICES AT THE WOMEN'S HOSPITAL

    HEALTHCARE · IN

  • INNOVATIVE HEALTHCARE COLLABORATIVE OF INDIANA LLC

    HEALTHCARE · IN

Related corporations and trusts

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

  • TRI-STATE MEDICAL MANAGEMENT INC

    C · PHYSICIAN MANAGEMENT · IN

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202432289349301433

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