Reid Physician Associates Inc

EIN: 263086555 501(c)(3) Health Care

RICHMOND, IN

Total Revenue
$103,169,502
Total Expenses
$161,548,386
Total Assets
$14,859,547
Net Assets
$-658,885,568
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
IN
Phone
7659833000
Tax Period
2023-01-01 to 2023-12-31

Reid Physician Associates Inc, founded in 2008, is a major nonprofit in the Health Care sector that reported $103.2M in total revenue in fiscal year 2023. Expenses of $161.5M exceeded revenue, resulting in a 57% operating deficit.

Mission

TO EMPLOY PHYSICIANS & PROFESSIONALS WHO PROMOTE HEALTH THROUGH EDUCATION, PREVENTION OF ILLNESS AND INJURY, AND THE PROVISION OF QUALITY, COST EFFECTIVE SERVICES TO THE PUBLIC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $604,064
Program Service Revenue $97,893,076
Investment Income $-16,128
Other Revenue $4,688,490
TOTAL REVENUE $103,169,502

Expense Breakdown

Grants Paid $0
Salaries & Benefits $144,439,242
Fundraising Expenses $163,093
Program Expenses $27,141,356
Other Expenses $17,109,144
TOTAL EXPENSES $161,548,386

Year-over-Year Comparison

2023 2022 Change
Revenue $103,169,502 $99,522,887 +0.0%
Expenses $161,548,386 $152,307,948 +0.1%
Net Income $-58,378,884 $-52,785,061 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
14
Employees
1060
Volunteers
150

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,290,355
Total Directors
20
$4,551,271
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A BOARD MEMBER - SECRETARY 3.0
Officer Director
$0 $0 $0
N/A PRESIDENT - CHIEF EXECUTIVE OFFICER 12.5
Officer Director
$0 $148,722 $1,290,355
N/A BOARD MEMBER - 2ND VICE CHAIR 3.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER - TREASURER 3.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER - 1ST VICE CHAIR 3.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER - CHAIR 6.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 45.0
Director
$382,426 $26,615 $409,041
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 45.0
Director
$751,123 $51,082 $802,205
N/A BOARD MEMBER 45.0
Director
$488,748 $53,515 $542,263
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$1,039,009 $54,355 $1,093,364
N/A BOARD MEMBER (TERM ENDED) 48.0
Director
$371,786 $42,257 $414,043
N/A Physician - Orthopedic 50.0
Highest
$1,906,853 $54,885 $1,961,738
N/A Physician - Radiologist 50.0
Highest
$1,047,269 $49,736 $1,097,005
N/A Physician - Cardiothoracic Surgeon 50.0
Highest
$1,127,785 $30,758 $1,158,543
N/A Physician 50.0
Highest
$1,482,715 $55,173 $1,537,888
N/A Physician - Radiologist 50.0
Highest
$1,005,661 $52,497 $1,058,158
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $103,169,502 $161,548,386 $14,859,547 $-58,378,884
2022 $99,522,887 $152,307,948 $19,671,987 $-52,785,061
2021 $96,947,543 $147,594,432 $23,164,630 $-50,646,889
2020 $87,667,064 $140,689,193 $21,399,236 $-53,022,129
2019 $75,299,679 $134,154,598 $17,702,333 $-58,854,919
2018 $63,799,900 $118,070,946 $18,433,742 $-54,271,046
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