Beebe Physican Network Inc
75% goes to programs $0 to raise $100 Thin reserves Growing revenue
Beebe Physican Network Inc is a 501(c)(3) organization based in Lewes, Delaware, registered in 2000, with $62,212,184 in FY2023 revenue. CharityIndex grades it C, and it directs about 75% of spending to programs.
424 Savannah Rd, Lewes, DE, 19958 EIN 52-2011066 Since 2000
Revenue (FY2023)
$62.2M
▼ 1.3% vs prior year
Health median: $840K
Expenses (FY2023)
$101.2M
Net assets
-$360.4M
Employees
653
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating75% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Beebe Physican Network Inc: 75% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -63% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Beebe Physican Network Inc: 0 mo reserves · -63% margin earns a F on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Beebe Physican Network Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Beebe Physican Network Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
See schedule obeebe physician network is a community healthcare provider that provides essential physician services in eastern sussex county, a physician under-served area since 1976.
What they do
Beebe physician network provides continuous care for inpatient and unreffered patients through the bpn hospitalist program.
Beebe physician network has filled the community need with access of care to the community and filled the voids through beebe gastroenterology associates.
Beebe physician network has filled the community need with access of care to the community and filled the voids through beebe vascular.
Contact & location
- Address
- 424 Savannah Rd, Lewes, DE, 19958
- City
- Lewes
- State
- Delaware
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $12.5M (FY2013) to $62.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $384.3MNet assets -$360.4M
Operating margin
-62.7%
Spent more than it raised in the latest fiscal year.
Total assets
$23.9M
Total liabilities
$384.3M
Net assets
-$360.4M
Salaries & benefits
$83.1M
82% of expenses
Board members
10
2 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $62,212,184▼1.3% | $101,245,648▲3.1% | -$360,443,209▼12.1% | $23,872,049▲43.8% | 990 |
| 2022 | $63,011,517▲9.4% | $98,166,855▲10.1% | -$321,409,745▼12.3% | $16,605,238▼14.5% | 990 |
| 2021 | $57,619,619▲15.8% | $89,125,845▲8.9% | -$286,254,406▼12.4% | $19,418,937▲43.9% | 990 |
| 2020 | $49,763,714▲10.0% | $81,870,794▲10.3% | -$254,748,180▼14.4% | $13,499,418▼24.2% | 990 |
| 2019 | $45,230,015▲5.6% | $74,197,217▲4.9% | -$222,641,100▼15.0% | $17,808,157▲51.0% | 990 |
| 2018 | $42,849,999▲14.8% | $70,717,918▲15.0% | -$193,673,898▼16.8% | $11,796,616▲85.8% | 990 |
| 2017 | $37,333,500▲35.0% | $61,488,001▲20.0% | -$165,805,979▼17.1% | $6,350,628▲30.0% | 990 |
| 2016 | $27,654,479▲15.3% | $51,250,519▲9.2% | -$141,651,478▼20.0% | $4,884,863▲33.5% | 990 |
| 2015 | $23,978,075▲46.1% | $46,925,054▲34.4% | -$118,055,438▼24.1% | $3,660,363▼12.2% | 990 |
| 2014 | $16,412,676▲31.8% | $34,908,368▲9.8% | -$95,108,459▼24.1% | $4,167,901▲18.8% | 990 |
| 2013 | $12,455,603 | $31,795,505▲43.0% | -$76,612,767▼33.8% | $3,509,108▲45.0% | 990 |
| 2012 | — | $22,239,113▲14.7% | -$57,272,865▼27.6% | $2,420,764▼16.7% | 990 |
| 2011 | — | $19,382,669▲29.3% | -$44,876,407▼30.4% | $2,904,627▲10.8% | 990 |
| 2010 | — | $14,987,304▲4.6% | -$34,426,862▼27.4% | $2,621,309▲9.1% | 990 |
| 2009 | — | $14,324,541 | -$27,032,691 | $2,403,671 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Tarek Waked — $1,455,511 (1.44% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Tarek Waked | Physician | 40 | $1,455,511 |
| Erik D Stancofski | Physician | 40 | $962,192 |
| Stephen Marra | Physician | 40 | $959,886 |
| Delbert Kwan | Director/physician | 40 | $908,609 |
| Ramakrishna Tatineni | Physician | 40 | $873,994 |
| Richard Paul | Physician | 40 | $778,010 |
| Leonard Lev | Director/physician (beg 08/2023) | 40 | $582,171 |
| Ercilia Arias | Director/physician (thru 08/2023) | 40 | $543,740 |
| Kristie Zangari | Director/physician | 40 | $360,913 |
| Eric J Hale | Director/physician | 40 | $335,052 |
| Joyce Robert | Director/physician (beg 08/2023) | 40 | $306,179 |
| Christopher Weeks | Director | 1 | — |
| David Tam Md | Director/bmc Ceo | 2 | — |
| Jacquelyn Wilson Edd | Director | 1 | — |
| Paul Pernice | Treasurer/bmc Cfo (thru 07/2023) | 2 | — |
| Steve Quiriconi See Sch J | Treasurer/bmc Interim Cfo | 1 | — |
| Terry Magee | Director (thru 07/2023) | 1 | — |
| William Chasanov | Director/admin. Physician | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Bravo Building Services LLC | Cleaning Services | $764,024 |
| Frasier Healthcare Consulting | Consulting | $405,242 |
| Weatherby Locums | Healthcare | $376,036 |
| All Star Recruiting Inc | Recruitment | $252,464 |
| Barton Associates | Legal | $205,146 |
Grants received · $26K total
1 grant to Beebe Physican Network Inc totaling $26K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Upstream USA Inc | Reproductive health program training | 2018 | $25,802 |
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Frequently asked questions
- Is Beebe Physican Network Inc a legitimate nonprofit?
- Yes. Beebe Physican Network Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-2011066, based in Lewes, Delaware. Donations are tax-deductible.
- What is Beebe Physican Network Inc's EIN?
- Beebe Physican Network Inc's Employer Identification Number (EIN) is 52-2011066.
- How much revenue does Beebe Physican Network Inc report?
- Beebe Physican Network Inc reported $62,212,184 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Beebe Physican Network Inc's spending goes to programs?
- Beebe Physican Network Inc spends about 75% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Beebe Physican Network Inc have?
- CharityIndex grades Beebe Physican Network Inc C, based on program efficiency and fundraising cost.
- How much does Beebe Physican Network Inc's highest-paid employee make?
- The highest reported compensation on Beebe Physican Network Inc's latest Form 990 is $1,455,511, paid to Tarek Waked (Physician).
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Data for Beebe Physican Network Inc (EIN 52-2011066) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.