Civic Intelligence

First Choice Physician Partners

990 • Fiscal year 2015 • EIN 27-3597066

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

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

71st percentile

0.54x

Higher debt load relative to assets than 71% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

19th percentile

0.12x

Higher debt load relative to revenue than 19% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Net Margin

24th percentile

-1.5%

Higher net margin than 24% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

24th percentile

$211,352

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Asset Growth

86th percentile

17%

Faster asset growth than 86% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

80th percentile

18%

Faster revenue growth than 80% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Assets

Up

$15,284,411

Up $5,287,103 (+53%) from 2013

Net Assets

Up

$7,032,437

Up $104,928 (+1.5%) from 2013

Liabilities

Up

$8,251,974

Up $5,182,175 (+169%) from 2013

Revenue

Up

$69,263,120

Up $30,108,979 (+77%) from 2013

Expenses

Up

$70,304,504

Up $33,520,943 (+91%) from 2013

Net Income

Down

-$1,041,384

Down $3,411,964 (-144%) 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 2015: $15,284,411Liabilities 2015: $8,251,974Net Assets 2015: $7,032,4372015Assets 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

2015

Assets$15,284,411
Liabilities$8,251,974
Net Assets$7,032,437

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 2015: $69,263,120Expenses 2015: $70,304,504Net Income 2015: -$1,041,3842015Revenue 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

2015

Revenue$69,263,120
Expenses$70,304,504
Net Income-$1,041,384
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$69,269,152
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$3,906,386$4,371,901▲ $465,515
Land, Buildings, and Equipment, Net$2,742,486$3,148,271▲ $405,785
Cash and Non-Interest-Bearing Accounts$1,484,737$2,568,659▲ $1,083,922
Inventories for Sale or Use$724,859$623,890▼ $100,969
Intangible Assets$57,781$471,808▲ $414,027
Prepaid Expenses and Deferred Charges$617,794$-36,489▼ $654,283
Total Assets$13,041,226$15,284,411▲ $2,243,185
Other Assets Total$3,507,183$4,136,371▲ $629,188
Liabilities
Accounts Payable and Accrued Expenses$4,982,794$8,251,974▲ $3,269,180
Total Liabilities$4,982,794$8,251,974▲ $3,269,180
Net Assets / Fund Balance
Unrestricted Net Assets$8,058,432$7,032,437▼ $1,025,995
Total Net Assets Fund Balance$8,058,432$7,032,437▼ $1,025,995
Total Liabilities and Net Assets / Fund Balance$13,041,226$15,284,411▲ $2,243,185

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,824,148$2,119,553$4,943,701
Leasehold Improvements$106,035$741,294$847,329
Other Land Buildings$218,088-$218,088
Other Assets Org$73,662--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Brenda S ReynoldsMkt Ops Dir, Prac OperFT$211,352$211,352
Andrea TenaMkt Ops Dir, Prac OperFT$162,027$162,027
Jennifer HowardMgr, Mkt Practice OpsFT$125,439$125,439
James P AgronickPT YR Chief Operating OfficerFT$109,646$109,646

Board Members and Trustees

NameTitle
ronald kaufman mdpresident & director
douglas rabevice president
John B KelsallDirector
maribeth shannon msdirector
Carl D RossDirector, Treasurer & Secr
Thomas MeyerPt Yr Director
pamela farringtonassistant treasurer
Timothy KaresChief Financial Officer
John TurnerChief Operating Officer
Lupe RetamosaPt Yr Chief Financial Officer

Highest Paid Contractors

ContractorServicesLocationCompensation
Medical Surgical AssociatesRent631 15TH ST, Modesto, CA 95354$892,659
Greater Modesto Medical Surgical AssociaAdministrative & Professional Fees1541 FLORIDA AVE STE 200, Modesto, CA 95350$612,235
Napa Doctors CompanyProfessional Liability Insurance185 GREENWOOD RD, Napa, CA 94558$416,218
regents of univ of caAdministrative & Professional Fees900 university ave, riverside, CA 92521$356,649
lightning intermediate holdingsAdministrative & Professional Feespo box 203658, dallas, TX 75320$158,655
Revenue and Support

Revenue Composition

Contributions and Grants
$25,780,000
Program Service Revenue
$43,034,947
Investment Income
$-6,032
Other Revenue
$454,205
Change in Net Assets
$-1,041,384
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$68,261,041
Salaries, Compensation, and Employee Benefits$2,043,463
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$14,277,688$4,759,230-$19,036,918
Occupancy$4,931,833--$4,931,833
Other Salaries and Wages$1,758,887--$1,758,887
Fees for Services Other$1,668,379--$1,668,379
Depreciation Depletion$1,269,039--$1,269,039
Insurance$1,040,432--$1,040,432
Conferences and Meetings$422,152--$422,152
Other Expenses$269,335--$269,335
Travel$218,357--$218,357
Other Employee Benefits$191,878--$191,878
Interest$151,218--$151,218
Payroll Taxes$92,698--$92,698
Fees for Services Accounting$80,000--$80,000
Fees for Services Legal$42,156--$42,156
Total Functional Expenses$65,545,274$4,759,230$0$70,304,504
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
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pamela Farrington
Formed
2010
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
18
Volunteers
0

Preparer

Firm
deloitte tax llp
Address
1111 BAGBY STREET SUITE 4500, houston, TX 77002
Preparer
Brooke Mcneil
Phone
7139822000
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IRS990/Desc0First Choice Physicians Partners is organized and operated to promote the health and well-being of residents in the communities it serves through the provision of health care in a charitable manner. The foundation provides health care services in approximately ten different medical and surgical specialties through professional agreement arrangements with both physicians and provider facilities.
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IRS990/Form990PartVIISectionAGrp/PersonNm4THOMAS MEYER
IRS990/Form990PartVIISectionAGrp/PersonNm5John Turner
IRS990/Form990PartVIISectionAGrp/PersonNm6Timothy Kares
IRS990/Form990PartVIISectionAGrp/PersonNm7douglas rabe
IRS990/Form990PartVIISectionAGrp/PersonNm8pamela farrington
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3director
IRS990/Form990PartVIISectionAGrp/TitleTxt4PT YR DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chief Operating Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt7vice president
IRS990/Form990PartVIISectionAGrp/TitleTxt8assistant treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9PT YR CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt10PT YR Chief Operating Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt11MKT OPS DIR, PRAC OPER
IRS990/Form990PartVIISectionAGrp/TitleTxt12Mgr, Mkt Practice Ops
IRS990/Form990PartVIISectionAGrp/TitleTxt13Mkt Ops Dir, Prac Oper
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IRS990/MinutesOfCommitteesInd01
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0192738959
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED

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