Form 990 for tax year 2022
Filed by Fredericksburg Physicians No 1.
Totals
- Total revenue
- $10,749,420
- Total expenses
- $18,593,010
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $10,575,020
- Investment income
- $0
- Other revenue
- $174,400
- Total assets, end of year
- $5,196,787
- Total liabilities, end of year
- $60,457,386
- Net assets or fund balances, end of year
- -$55,260,599
- Program services expenses (Part IX)
- $13,391,526
- Management and general expenses
- $5,201,484
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $13,391,526
Program services were 72.0% 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 $10,570,269 · related or exempt $10,570,269
-
2b · Program service revenue: Clinic Rent Revenue
total $4,751 · related or exempt $4,751
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: BAD DEBT RECOVERY
total $174,400 · related or exempt $174,400
-
11e · Other revenue, total
$174,400
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,976,254 · program services $1,426,393 · management and general $549,861
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $10,254,530 · program services $7,530,565 · management and general $2,723,965
-
8 · Pension plan contributions
total $123,908 · program services $77,055 · management and general $46,853
-
9 · Other employee benefits
total $1,426,915 · program services $821,411 · management and general $605,504
-
10 · Payroll taxes
total $363,314 · program services $229,939 · management and general $133,375
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $7,900 · management and general $7,900
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $778,312 · program services $628,970 · management and general $149,342
-
12 · Advertising and promotion
total $127,575 · program services $357 · management and general $127,218
-
13 · Office expenses
total $303,724 · program services $127,371 · management and general $176,353
-
14 · Information technology
total $536,254 · program services $429,003 · management and general $107,251
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,207,904 · program services $942,617 · management and general $265,287
-
17 · Travel
total $7,352 · program services $5,882 · management and general $1,470
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $36,791 · program services $29,433 · management and general $7,358
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $458,823 · program services $367,058 · management and general $91,765
-
23 · Insurance
total $130,718 · program services $94,459 · management and general $36,259
-
24a · Other expenses: Supplies
total $690,470 · program services $552,376 · management and general $138,094
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $50,641 · program services $40,513 · management and general $10,128
-
24c · Other expenses: Recruitment
total $98,317 · program services $78,654 · management and general $19,663
-
24d · Other expenses: LICENSE AND PERMITS
total $13,181 · program services $9,370 · management and general $3,811
-
24e · All other expenses
total $127 · program services $100 · management and general $27
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,815 · end of year $107,344
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $592,173 · end 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
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $12,000 · end of year $74,098
-
10a · Land, buildings and equipment: cost or other basis
$6,667,241
-
10b · Land, buildings and equipment: accumulated depreciation
$2,672,890
-
10c · Land, buildings and equipment, net
beginning of year $1,976,106 · end of year $3,994,351
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $483,715 · end of year $779,803
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $49,524,389 · end of year $59,677,583
-
27 · Net assets without donor restrictions
beginning of year -$47,417,010 · end of year -$55,260,599
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2022
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 $13,391,526 · Revenue $10,749,420
As filed on the 2022 return.
Listed in Part VII
-
Christopher Fincke
PHYSICIAN
- Total calculated
- $977,923
- From this org
- $936,903
- From related orgs
- $0
- Other
- $41,020
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $707,228
- Bonus
- $229,675
- Other
- $0
- Deferred
- $11,600
- Nontaxable benefits
- $29,420
- Filer's total
- $977,923
-
Christopher L Love
PHYSICIAN
- Total calculated
- $825,273
- From this org
- $783,008
- From related orgs
- $0
- Other
- $42,265
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $563,205
- Bonus
- $219,803
- Other
- $0
- Deferred
- $8,935
- Nontaxable benefits
- $33,330
- Filer's total
- $825,273
-
Andrew Bowser
Director/Physician
- Total calculated
- $691,246
- From this org
- $643,542
- From related orgs
- $0
- Other
- $47,704
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $473,614
- Bonus
- $169,928
- Other
- $0
- Deferred
- $11,600
- Nontaxable benefits
- $36,104
- Filer's total
- $691,246
-
Jayne Pope
HOSPITAL CEO
- Total calculated
- $517,543
- From this org
- $0
- From related orgs
- $492,937
- Other
- $24,606
- Hours/week
- 0.25 + 39.75 related
Schedule J breakdown matched by us
- Base
- not reported + $410,935 related
- Bonus
- not reported + $82,002 related
- Other
- not reported
- Deferred
- not reported + $11,600 related
- Nontaxable benefits
- not reported + $13,006 related
- Filer's total
- not reported + $517,543 related
-
Ralph Menard
Director/Physician
- Total calculated
- $447,623
- From this org
- $402,912
- From related orgs
- $0
- Other
- $44,711
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $324,802
- Bonus
- $78,110
- Other
- $0
- Deferred
- $11,600
- Nontaxable benefits
- $33,111
- Filer's total
- $447,623
-
Clinton D Kotal
CHIEF INTEGRATION OFFICER
- Total calculated
- $432,624
- From this org
- $0
- From related orgs
- $383,678
- Other
- $48,946
- Hours/week
- 15 + 25 related
Schedule J breakdown matched by us
- Base
- not reported + $316,242 related
- Bonus
- not reported + $67,436 related
- Other
- not reported
- Deferred
- not reported + $11,600 related
- Nontaxable benefits
- not reported + $37,346 related
- Filer's total
- not reported + $432,624 related
-
Gregory Andreassian
PHYSICIAN
- Total calculated
- $414,397
- From this org
- $370,925
- From related orgs
- $0
- Other
- $43,472
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $297,616
- Bonus
- $73,309
- Other
- $0
- Deferred
- $11,600
- Nontaxable benefits
- $31,872
- Filer's total
- $414,397
-
Susan Neves
CFO
- Total calculated
- $409,670
- From this org
- $0
- From related orgs
- $378,955
- Other
- $30,715
- Hours/week
- 0.25 + 39.75 related
Schedule J breakdown matched by us
- Base
- not reported + $313,955 related
- Bonus
- not reported + $65,000 related
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $30,715 related
- Filer's total
- not reported + $409,670 related
-
Theresa Weber
PHYSICIAN
- Total calculated
- $362,269
- From this org
- $358,852
- From related orgs
- $0
- Other
- $3,417
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $186,908
- Bonus
- $171,944
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $3,417
- Filer's total
- $362,269
-
Dureshahwar Fernandez
PHYSICIAN End: 09/22
- Total calculated
- $332,423
- From this org
- $320,823
- From related orgs
- $0
- Other
- $11,600
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $253,377
- Bonus
- $67,446
- Other
- $0
- Deferred
- $11,600
- Nontaxable benefits
- $0
- Filer's total
- $332,423
-
Michael Abel
Director/Physician/Chair
- Total calculated
- $296,588
- From this org
- $285,492
- From related orgs
- $0
- Other
- $11,096
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $231,377
- Bonus
- $54,115
- Other
- $0
- Deferred
- $11,096
- Nontaxable benefits
- $0
- Filer's total
- $296,588
-
Felice Howard
Director/Physician End: 11/22
- Total calculated
- $276,869
- From this org
- $253,615
- From related orgs
- $0
- Other
- $23,254
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $202,706
- Bonus
- $50,909
- Other
- $0
- Deferred
- $9,961
- Nontaxable benefits
- $13,293
- Filer's total
- $276,869
-
Bertha Gaytan
Director/Physician
- Total calculated
- $266,278
- From this org
- $257,822
- From related orgs
- $0
- Other
- $8,456
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $197,898
- Bonus
- $59,924
- Other
- $0
- Deferred
- $8,456
- Nontaxable benefits
- $0
- Filer's total
- $266,278
-
James Partin
Hospital CMO
- Total calculated
- $234,103
- From this org
- $0
- From related orgs
- $234,103
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- not reported + $191,987 related
- Bonus
- not reported + $42,116 related
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $234,103 related
-
Rebecca Turbeville
Director/Physician/Vice Pres
- Total calculated
- $228,224
- From this org
- $182,761
- From related orgs
- $0
- Other
- $45,463
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $163,659
- Bonus
- $19,102
- Other
- $0
- Deferred
- $8,456
- Nontaxable benefits
- $37,007
- Filer's total
- $228,224
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
None.
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
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
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.
-
501(C)(3) · HOSPITAL · TX
Directly controlled by NA
-
501(C)(3) · FUNDRAISING · TX
Directly controlled by NA
-
FREDERICKSBURG PHYSICIANS NO 2
501(C)(3) · HEALTHCARE · TX · controlled entity
Directly controlled by CHM
-
501(C)(3) · HOSPICE · TX · controlled entity
Directly controlled by CHM
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342919349300949
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