Civic Intelligence

Beebe Physician Network Inc

990 • Fiscal year 2015 • EIN 52-2011066

Jul 01, 2014 to Jun 30, 2015 • Filed on May 16, 2016

PO Box 760Lewes, DE 19958

(302) 644-3555

Siviq Scores

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

Liabilities / Assets

100th percentile

23.82x

Higher debt load relative to assets than 100% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

95th percentile

6.05x

Higher debt load relative to revenue than 95% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

3rd percentile

-113%

Higher net margin than 3% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

95th percentile

$799,645

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

85th percentile

19%

Faster asset growth than 85% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

86th percentile

32%

Faster revenue growth than 86% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$4,167,901

Up $658,793 (+19%) from 2014

Net Assets

Down

-$95,108,459

Down $18,495,692 (-24%) from 2014

Liabilities

Up

$99,276,360

Up $19,154,485 (+24%) from 2014

Revenue

Up

$16,412,676

Up $3,957,073 (+32%) from 2014

Expenses

Up

$34,908,368

Up $3,112,863 (+9.8%) from 2014

Net Income

Up

-$18,495,692

Up $844,210 (+4.4%) from 2014

Historical Trend

Balance Sheet Trend

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

$400M$200M$0-$200M-$400MAssets 2010: $2,403,671Liabilities 2010: $29,436,362Net Assets 2010: -$27,032,6912010Assets 2011: $2,621,309Liabilities 2011: $37,048,171Net Assets 2011: -$34,426,8622011Assets 2012: $2,904,627Liabilities 2012: $47,781,034Net Assets 2012: -$44,876,4072012Assets 2013: $2,420,764Liabilities 2013: $59,693,629Net Assets 2013: -$57,272,8652013Assets 2014: $3,509,108Liabilities 2014: $80,121,875Net Assets 2014: -$76,612,7672014Assets 2015: $4,167,901Liabilities 2015: $99,276,360Net Assets 2015: -$95,108,4592015Assets 2016: $3,660,363Liabilities 2016: $121,715,801Net Assets 2016: -$118,055,4382016Assets 2017: $4,884,863Liabilities 2017: $146,536,341Net Assets 2017: -$141,651,4782017Assets 2018: $6,350,628Liabilities 2018: $172,156,607Net Assets 2018: -$165,805,9792018Assets 2019: $11,796,616Liabilities 2019: $205,470,514Net Assets 2019: -$193,673,8982019Assets 2020: $17,808,157Liabilities 2020: $240,449,257Net Assets 2020: -$222,641,1002020Assets 2021: $13,499,418Liabilities 2021: $268,247,598Net Assets 2021: -$254,748,1802021Assets 2022: $19,418,937Liabilities 2022: $305,673,343Net Assets 2022: -$286,254,4062022Assets 2023: $16,605,238Liabilities 2023: $338,014,983Net Assets 2023: -$321,409,7452023Assets 2024: $23,872,049Liabilities 2024: $384,315,258Net Assets 2024: -$360,443,2092024

Highlighted filing

2015

Assets$4,167,901
Liabilities$99,276,360
Net Assets-$95,108,459

Operations Trend

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

$150M$100M$50M$0-$50MExpenses 2010: $14,324,5412010Expenses 2011: $14,987,3042011Expenses 2012: $19,382,6692012Expenses 2013: $22,239,1132013Revenue 2014: $12,455,603Expenses 2014: $31,795,505Net Income 2014: -$19,339,9022014Revenue 2015: $16,412,676Expenses 2015: $34,908,368Net Income 2015: -$18,495,6922015Revenue 2016: $23,978,075Expenses 2016: $46,925,054Net Income 2016: -$22,946,9792016Revenue 2017: $27,654,479Expenses 2017: $51,250,519Net Income 2017: -$23,596,0402017Revenue 2018: $37,333,500Expenses 2018: $61,488,001Net Income 2018: -$24,154,5012018Revenue 2019: $42,849,999Expenses 2019: $70,717,918Net Income 2019: -$27,867,9192019Revenue 2020: $45,230,015Expenses 2020: $74,197,217Net Income 2020: -$28,967,2022020Revenue 2021: $49,763,714Expenses 2021: $81,870,794Net Income 2021: -$32,107,0802021Revenue 2022: $57,619,619Expenses 2022: $89,125,845Net Income 2022: -$31,506,2262022Revenue 2023: $63,011,517Expenses 2023: $98,166,855Net Income 2023: -$35,155,3382023Revenue 2024: $62,212,184Expenses 2024: $101,245,648Net Income 2024: -$39,033,4642024

Highlighted filing

2015

Revenue$16,412,676
Expenses$34,908,368
Net Income-$18,495,692
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 16, 2016
Return Version
2014v6.0
Gross Receipts
$16,412,676
Mission and Program Overview

Mission

Beebe physician network (bpn) is a community healthcare provider that provides essential physician services in eastern sussex county, a physician under-served area since 1976.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,380,200$2,378,464▼ $1,736
Accounts Receivable$891,020$989,305▲ $98,285
Cash and Non-Interest-Bearing Accounts$237,888$738,977▲ $501,089
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$3,509,108$4,167,901▲ $658,793
Other Assets Total$0$61,155▲ $61,155
Liabilities
Other Liabilities$77,177,945$95,543,214▲ $18,365,269
Accounts Payable and Accrued Expenses$2,943,930$3,733,146▲ $789,216
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$80,121,875$99,276,360▲ $19,154,485
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-76,612,767$-95,108,459▼ $18,495,692
Total Net Assets Fund Balance$-76,612,767$-95,108,459▼ $18,495,692
Total Liabilities and Net Assets / Fund Balance$3,509,108$4,167,901▲ $658,793

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,704,677$888,566$2,593,243
Leasehold Improvements$672,885$277,340$950,225
Buildings$902$48$950
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel Cuozzo DoChairpersonFT$620,685$39,352$660,037
Borislav Antonov MdPhysicianFT$591,143$58,025$649,168
Mwazhuwa R Kuretu MdPhysicianFT$491,785$81,253$573,038
Nnamdi Azie MdPhysicianFT$514,681$36,994$551,675
Paolo Peghini MdPhysicianFT$427,936$68,462$496,398
Ercilia E Arias MdDirectorFT$442,087$51,578$493,665
Jon Wiggins MdPhysicianFT$414,254$67,334$481,588
Robert C Deckmann MdDirectorFT$400,783$59,244$460,027
James E Spellman Jr MdDirectorFT$356,923$59,935$416,858
George Kluchnik MdDirectorFT$330,296$41,035$371,331
Julie a Holmon MdVice ChairpersonFT$281,741$51,680$333,421
Stacy Goldsholl MdSecretary/president/CEOFT$273,693-$273,693
Maria V Haldar MdDirectorFT$203,270$31,620$234,890
Debbie Craft Mdfmr secretary/president/CFO-$177,788$200,176$200,176

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Athenahealth INCBilling ServicesPO BOX 415615, Boston, ME 02241-5615$1,075,353
Coker ConsultingConsulting2400 LAKEVIEW PARKWAY 400 SUITE 3, Alpharetta, GA 30009$532,474
ComphealthLocum TenensPO BOX 972651, Dallas, TX 75397-2651$513,024
Blue Shore INCCleaning ServicesPO BOX 682, Burtonsville, MD 20866$138,824
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$16,412,676
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-18,495,692
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$27,633,661
Other Expenses$7,274,707
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$19,772,103$293,738-$20,065,841
Fees for Services Other$2,455,511$1,055,249-$3,510,760
Other Employee Benefits$3,132,465$207,453-$3,339,918
Current Officers, Directors, Trustees, and Key Employees$2,523,668$403,421-$2,927,089
Office Expenses$1,386,519$84,564-$1,471,083
Payroll Taxes$1,043,241$57,396-$1,100,637
Occupancy$1,004,698$24,015-$1,028,713
Depreciation Depletion$305,274$295,983-$601,257
Comp Disqual Persons$172,587$27,589-$200,176
Insurance$168,876--$168,876
Conferences and Meetings$148,346$1,977-$150,323
All Other Expenses$82,959$150-$83,109
Information Technology$26,553$16,563-$43,116
Travel$2,696$33,421-$36,117
Fees for Services Legal$5,175$21,890-$27,065
Fees for Services Accounting$7,500$5,881-$13,381
Advertising$10,257--$10,257
Other Expenses$69$2,280-$69
Total Functional Expenses$32,370,014$2,538,354$0$34,908,368
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Parent Company$95,543,214
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Beebe Physician Network Inc
EIN
52-2011066
In Care Of
% STACY L ISAACS
Phone
3026443555
Address
PO BOX 760, LEWES, DE 19958
Doing Business As
Beebe Medical Group

Signing Officer

Name
Paul J Pernice
Title
CFO
Phone
2673303000
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Cuozzo MD
Formed
1997
Legal Domicile
De
Voting Board Members
13
Independent Board Members
3
Employees
219
Volunteers
10

Preparer

Firm
PricewaterhouseCoopers LLP
Address
2001 MARKET ST SUITE 1800, PHILADELPHIA, PA 19103
Preparer
Eric M Mcneil
Phone
2673303000
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1:

BEEBE PHYSICIAN NETWORK IS A COMMUNITY HEALTHCARE PROVIDER THAT PROVIDES ESSENTIAL PHYSICIAN SERVICES IN EASTERN SUSSEX COUNTY, A PHYSICIAN UNDER-SERVED AREA SINCE 1976. FORM 990, PART III, LINE 4D BEEBE PHYSICIAN NETWORK OPERATES A PHYSICIAN NETWORK WHICH WILL ASSIST IN MEETING THE HEALTH NEEDS AND GOALS OF ALL PERSONS IN ITS SERVICE AREA WITHOUT DISCRIMINATION, AS AN INTEGRAL PART OF THE COMMUNITY OF SUSSEX COUNTY. FORM 990, PART VI, LINE 6: BEEBE MEDICAL CENTER IS THE SOLE MEMBER OF BEEBE PHYSICIAN NETWORK. FORM 990, PART VI, LINE 7A: THE BOARD OF DIRECTORS OF BEEBE PHYSICIAN NETWORK APPROVES THE DECISIONS OF THE BOARD OF DIRECTORS OF BEEBE PHYSICIAN NETWORK. FORM 990, PART VI, LINE 7B: THE BOARD OF DIRECTORS OF BEEBE MEDICAL CENTER APPROVES THE DECISIONS OF THE BOARD OF DIRECTORS OF BEEBE PHYSICIAN NETWORK. FORM 990, PART VI, LINE 11B: MANAGEMENT PREPARES A DRAFT OF THE FORM 990. THE RETURN IS REVIEWED BY A THIRD PARTY ACCOUNTING FIRM. THE RETURN IS REVIEWED BY SENIOR MANAGEMENT AND A COPY OF THE FORM 990 WAS PROVIDED TO THE GOVERNING BODY BEFORE IT WAS FILED. FORM 990, PART VI, LINE 12C: BEEBE PHYSICIAN NETWORK ADOPTED THE FORMAL WRITTEN CONFLICT OF INTEREST POLICY OF BEEBE MEDICAL CENTER. ANNUALLY CONFLICT OF INTEREST STATEMENTS ARE REQUIRED FOR ALL BOARD MEMBERS, EXECUTIVES, AND MANAGEMENT TEAM MEMBERS. CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY THE BOARD FOR THE EXISTENCE OF ANY ADVERSE INTEREST. FORM 990, PART VI, LINE 15A AND 15B: FOR COMPENSATION PAID BY BEEBE PHYSICIAN NETWORK, INC., SALARIES ARE CONSISTENT WITH CURRENT MGMA DATA. FOR THOSE OFFICERS COMPENSATED BY BEEBE MEDICAL CENTER, A RELATED ORGANIZATION, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES GOVERNS AND CONTROLS EXECUTIVE COMPENSATION. PAY IS DETERMINED BY COMPARING TO OTHER TAX-EXEMPT HEALTH SYSTEMS SIMILAR TO BEEBE MEDICAL CENTER IN SIZE AND COMPLEXITY LOCATED REGIONALLY AND THROUGHOUT THE UNITED STATES. PAY IS POSITIONED AT THE 50TH PERCENTILE OF BEEBE MEDICAL CENTER'S PEER GROUP. THE EXECUTIVE COMMITTEE UTILIZES A CONSULTANT FOR EXECUTIVE COMPENSATION ADVICE. MINUTES OF MEETINGS ARE MAINTAINED TO DOCUMENT DELIBERATION AND DECISIONS. FORM 990, PART VI, LINE 19: THE ORGANIZATION MAKES ITS ORGANIZING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE FOLLOWING ATTENTION AND ADDRESS: BEEBE PHYSICIAN NETWORK, INC., 33663 unit 1, BAYVIEW DRIVE, LEWES, DE 19958, ATTN: JONATHAN COOK, DR. PRACTICE MANAGEMENT. FORM 990, PART IX, LINE 11G: PROGRAM SERVICE MGMT & GEN TOTAL CONTRACT LABOR - OTHER 0 8,249 8,249 CONTRACT LABOR - CLERICAL 0 71,858 71,858 CONSULTING FEES 0 282,953 282,953 COLLECTION AGENCY FEES 0 18,475 18,475 OUTSIDE PURCHASES - OTHER 450,188 653,858 1,104,046 OUTSIDE PURCHASES - OFFICE 1,055,497 19,856 1,075,353 CONTRACT LABOR - TRANSCRIPTION 14,871 0 14,871 PHYSICIAN -LOCUM TENENS 934,955 0 934,955 --------- --------- --------- 2,455,511 1,055,249 3,510,760

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$23.9$384$360$62.2$101$39.0
2023Detailed filing. Detailed filing data is available for this year.$16.6$338$321$63.0$98.2$35.2
2022Detailed filing. Detailed filing data is available for this year.$19.4$306$286$57.6$89.1$31.5
2021Detailed filing. Detailed filing data is available for this year.$13.5$268$255$49.8$81.9$32.1
2020Detailed filing. Detailed filing data is available for this year.$17.8$240$223$45.2$74.2$29.0
2019Detailed filing. Detailed filing data is available for this year.$11.8$205$194$42.8$70.7$27.9
2018Detailed filing. Detailed filing data is available for this year.$6.35$172$166$37.3$61.5$24.2
2017Detailed filing. Detailed filing data is available for this year.$4.88$147$142$27.7$51.3$23.6
2016Detailed filing. Detailed filing data is available for this year.$3.66$122$118$24.0$46.9$22.9
2015Detailed filing. Detailed filing data is available for this year.$4.17$99.3$95.1$16.4$34.9$18.5
2014Detailed filing. Detailed filing data is available for this year.$3.51$80.1$76.6$12.5$31.8$19.3
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$59.7$57.3$22.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.90$47.8$44.9$19.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$37.0$34.4$15.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.40$29.4$27.0$14.3