Civic Intelligence

First Choice Physician Partners

990 • Fiscal year 2014 • EIN 27-3597066

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

1445 Ross Avenue No 1400Dallas, TX 75202

(469) 893-6751

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.38x

Higher debt load relative to assets than 57% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

14th percentile

0.08x

Higher debt load relative to revenue than 14% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

40th percentile

1.9%

Higher net margin than 40% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

44th percentile

$296,409

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

93rd percentile

30%

Faster asset growth than 93% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

89th percentile

50%

Faster revenue growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Assets

Up

$13,041,226

Up $3,043,918 (+30%) from 2013

Net Assets

Up

$8,058,432

Up $1,130,923 (+16%) from 2013

Liabilities

Up

$4,982,794

Up $1,912,995 (+62%) from 2013

Revenue

Up

$58,686,754

Up $19,532,613 (+50%) from 2013

Expenses

Up

$57,559,158

Up $20,775,597 (+56%) from 2013

Net Income

Down

$1,127,596

Down $1,242,984 (-52%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2012: $7,846,182Liabilities 2012: $3,289,253Net Assets 2012: $4,556,9292012Assets 2013: $9,997,308Liabilities 2013: $3,069,799Net Assets 2013: $6,927,5092013Assets 2014: $13,041,226Liabilities 2014: $4,982,794Net Assets 2014: $8,058,4322014Assets 2016: $22,453,191Liabilities 2016: $12,307,198Net Assets 2016: $10,145,9932016Assets 2017: $21,262,307Liabilities 2017: $10,430,628Net Assets 2017: $10,831,6792017Assets 2018: $26,468,979Liabilities 2018: $13,211,269Net Assets 2018: $13,257,7102018Assets 2020: $63,939,765Liabilities 2020: $49,822,501Net Assets 2020: $14,117,2642020Assets 2021: $62,382,760Liabilities 2021: $47,836,097Net Assets 2021: $14,546,6632021Assets 2022: $55,743,052Liabilities 2022: $39,300,805Net Assets 2022: $16,442,2472022Assets 2024: $31,559,861Liabilities 2024: $24,214,704Net Assets 2024: $7,345,1572024

Highlighted filing

2014

Assets$13,041,226
Liabilities$4,982,794
Net Assets$8,058,432

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$150M$100M$50M$0-$50MExpenses 2012: $18,278,1102012Revenue 2013: $39,154,141Expenses 2013: $36,783,561Net Income 2013: $2,370,5802013Revenue 2014: $58,686,754Expenses 2014: $57,559,158Net Income 2014: $1,127,5962014Revenue 2016: $78,804,906Expenses 2016: $75,688,732Net Income 2016: $3,116,1742016Revenue 2017: $89,378,559Expenses 2017: $88,552,798Net Income 2017: $825,7612017Revenue 2018: $107,875,738Expenses 2018: $105,803,772Net Income 2018: $2,071,9662018Revenue 2020: $169,496,929Expenses 2020: $171,019,345Net Income 2020: -$1,522,4162020Revenue 2021: $170,618,554Expenses 2021: $170,011,313Net Income 2021: $607,2412021Revenue 2022: $168,073,406Expenses 2022: $165,825,618Net Income 2022: $2,247,7882022Revenue 2024: $110,251,799Expenses 2024: $118,761,744Net Income 2024: -$8,509,9452024

Highlighted filing

2014

Revenue$58,686,754
Expenses$57,559,158
Net Income$1,127,596
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$58,690,100
Mission and Program Overview

Mission

NONE

Provide health care services and perform medical and clinical research in the public interest.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$3,506,137$3,906,386▲ $400,249
Land, Buildings, and Equipment, Net$1,409,690$2,742,486▲ $1,332,796
Cash and Non-Interest-Bearing Accounts$1,607,287$1,484,737▼ $122,550
Inventories for Sale or Use$283,907$724,859▲ $440,952
Prepaid Expenses and Deferred Charges$458,744$617,794▲ $159,050
Intangible Assets$59,296$57,781▼ $1,515
Total Assets$9,997,308$13,041,226▲ $3,043,918
Other Assets Total$2,672,247$3,507,183▲ $834,936
Liabilities
Accounts Payable and Accrued Expenses$3,069,799$4,982,794▲ $1,912,995
Total Liabilities$3,069,799$4,982,794▲ $1,912,995
Net Assets / Fund Balance
Unrestricted Net Assets$6,927,509$8,058,432▲ $1,130,923
Total Net Assets Fund Balance$6,927,509$8,058,432▲ $1,130,923
Total Liabilities and Net Assets / Fund Balance$9,997,308$13,041,226▲ $3,043,918

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,464,082$1,013,797$3,477,879
Leasehold Improvements$142,388$667,566$809,954
Other Land Buildings$136,016-$136,016
Other Assets Org$1,268,562--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
James P AgronickSr. Director, FoundationFT$296,409$296,409
Lupe RetamosaDirector, Foundation CFOFT$202,452$202,452
Richard W AlbrechtMkt Ops Dir, Prac OperFT$192,044$192,044
D'AMILEAU BAULKRegional Director of OpsFT$145,185$145,185
Brenda S ReynoldsMkt Ops Dir, Prac OperFT$112,846$112,846
Noni BeckerMgr, Market Practice OpsFT$108,428$108,428

Board Members and Trustees

NameTitle
Ronald Kaufman MdPresident & Director
Douglas RabeVice President
John B KelsallDirector
Maribeth Shannon MsDirector
Carl D RossDirector, Treasurer & Secretary
Pamela FarringtonAssistant Treasurer
Timothy KaresChief Financial Officer
John TurnerChief Operating Officer

Highest Paid Contractors

ContractorServicesLocationCompensation
Medical Surgical AssociatesRent631 15TH ST, Modesto, CA 95354$908,722
Greater Modesto Medical Surgical AssociaAdministrative & Professional Fees1541 FLORIDA AVE STE 200, Modesto, CA 95350$881,010
Napa Doctors CompanyProfessional Liability Insurance185 GREENWOOD RD, Napa, CA 94558$314,502
Doctors Medical Center Of ModestoProfessional Fees - Research & Rent1441 FLORIDA AVE, Modesto, CA 95350$296,363
Hospitalists Of Modesto Medical GroupProfessional Fees - Research1441 FLORIDA AVE, Modesto, CA 95350$270,841
Revenue and Support

Revenue Composition

Contributions and Grants
$25,205,000
Program Service Revenue
$32,355,879
Investment Income
$-3,346
Other Revenue
$1,129,221
Change in Net Assets
$1,127,596
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$55,150,555
Salaries, Compensation, and Employee Benefits$2,408,603
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$10,685,594$3,561,865-$14,247,459
Occupancy$3,481,378--$3,481,378
Other Salaries and Wages$2,031,083--$2,031,083
Fees for Services Other$1,704,291--$1,704,291
Insurance$1,107,672--$1,107,672
Fees for Services Legal$395,733--$395,733
Depreciation Depletion$301,662--$301,662
Other Employee Benefits$274,596--$274,596
Fees for Services Accounting$177,755--$177,755
Interest$171,147--$171,147
Travel$169,465--$169,465
Payroll Taxes$102,924--$102,924
Conferences and Meetings$94,079--$94,079
Other Expenses$24,059--$24,059
Total Functional Expenses$53,997,293$3,561,865$0$57,559,158
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The sole corporate member of the corporation is tenet california, inc., a delaware corporation.

Form 990, Part VI, Section A, Line 7A

The directors are elected by a vote of the member at the annual meeting or by written consent of the member.

Form 990, Part VI, Section A, Line 7B

The approval of the member is required for any of the following actions: - merger, consolidation or dissolution of the corporation - sale or transfer of all or substantially all of the assets of the corporation - amendment or restatement of the articles of incorporation or the bylaws of the corporation - approval of aggregate operating and capital budgets of the corporation - aggregate borrowing by this corporation for periods of one year or less for any purpose in excess of dollar amounts to be established by the member from time to time; and aggregate borrowing by this corporation for periods of more than one year for any purpose in excess of dollar amounts to be established by the member from time to time. - purchase, sale, lease, disposition, hypothetication, exchange, gift, pledge, and encumbrance of any asset, real or personal, of this corporation not previously included in the capital budgets, with a value in excess of dollar amounts to be established by the member from time to time - approval of organizational strategic plans of the corporation - appointment of the independent auditor of the corporation.

Form 990, Part VI, Section B, Line 11

The organization's management works with an independent accountant to prepare the annual tax return. Once completed, an officer of the organization reviews the return prior to filing with the irs. A copy is made available to directors at the next regularly scheduled board meeting.

Form 990, Part VI, Section B, Line 12C

First choice physicians partners' officers, directors and employees in decision-making roles must disclose annually any business, financial, or other relationships which currently or in the future may give rise to a potential conflict of interest. These disclosures are reviewed by disinterested parties and recommendations are made regarding abstinance from discussions or decisions regarding the interested parties.

Form 990, Part VI, Section C, Line 19

The organization's articles of incorporation are available upon request from the office of the state's attorney general. The conflict of interest policy and financial statements are not available to the public.

Filing and Contact Details

Filer

Filer Name
First Choice Physician Partners
EIN
27-3597066
Phone
4698936751
Address
1445 ROSS AVENUE NO 1400, DALLAS, TX 75202

Signing Officer

Name
Pamela Farrington
Title
Assistant Treasurer
Phone
4698936751
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pamela Farrington
Formed
2010
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
16
Volunteers
0

Preparer

Firm
Deloitte Tax Llp
Address
1111 BAGBY STREET SUITE 4500, HOUSTON, TX 77002
Preparer
Brooke Kitchen Mcneil
Phone
7139822000
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR, TREASURER & SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8SR. DIRECTOR, FOUNDATION
IRS990/Form990PartVIISectionAGrp/TitleTxt9MKT OPS DIR, PRAC OPER
IRS990/Form990PartVIISectionAGrp/TitleTxt10REGIONAL DIRECTOR OF OPS
IRS990/Form990PartVIISectionAGrp/TitleTxt11MGR, MARKET PRACTICE OPS
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR, FOUNDATION CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13MKT OPS DIR, PRAC OPER
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
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IRS990/IndivRcvdGreaterThan100KCnt06
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt08058432
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-3346
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-3346
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03561865
IRS990/OfficeExpensesGrp/ProgramServicesAmt010685594
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02672247
IRS990/OtherAssetsTotalGrp/EOYAmt03507183
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0274596
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0274596
IRS990/OtherExpensesGrp/Desc0MEDICAL FEES
IRS990/OtherExpensesGrp/Desc1MEDICAL SUPPLIES
IRS990/OtherExpensesGrp/Desc2LICENSES & TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt029010792
IRS990/OtherExpensesGrp/ProgramServicesAmt14265063
IRS990/OtherExpensesGrp/ProgramServicesAmt224059
IRS990/OtherExpensesGrp/TotalAmt029010792
IRS990/OtherExpensesGrp/TotalAmt14265063
IRS990/OtherExpensesGrp/TotalAmt224059
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0102924
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0617794
IRS990/PrincipalOfficerNm0PAMELA FARRINGTON
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IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc1RELATED PARTY REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2ELECTRONIC HEALTH RECORDS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17936408
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2196944
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17936408
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2196944
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/ReportOtherLiabilitiesInd00
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt012023000
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IRS990ScheduleA/First5Years509Ind0X
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt012023000
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt013403107
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt069274678
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01152449
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0199459
IRS990ScheduleA/OtherIncome509Grp/TotalAmt02481129
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt069274678
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt025205000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt014486000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt012023000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt051714000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt057560879
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt038001692
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt025426107
IRS990ScheduleA/Total509Grp/TotalAmt0120988678
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt058690100
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt039154141
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt025625566
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0123469807
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt02464082
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01013797
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03477879
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0142388
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0667566

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