Fayette Physician Network Inc
100% goes to programs Thin reserves Growing revenue
Fayette Physician Network Inc is a 501(c)(3) organization based in Morgantown, West Virginia, registered in 2014, with $236,059,065 in FY2024 revenue. CharityIndex grades it B, and it directs about 100% of spending to programs.
1 Medical Center Dr Box 8034, Morgantown, WV, 26506 EIN 45-5440305 Since 2014
Revenue (FY2024)
$236.1M
▲ 48.5% vs prior year
Health median: $840K
Expenses (FY2024)
$235.4M
Net assets
$1.3M
Employees
705
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
C+Program efficiency40% of the rating100% to programs
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 Fayette Physician Network Inc: 100% to programs earns a C+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · +0% 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 Fayette Physician Network Inc: 0 mo reserves · +0% margin earns a C 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 Fayette Physician 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 Fayette Physician Network Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Fayette physician network, inc. owns and operates physician practices that provide healthcare services primarily to the residents of fayette county pennsylvania and the surrounding areas.
What they do
Fayette physician network, inc. received additional miscellaneous revenue related to the operations of the practice.
Contact & location
- Address
- 1 Medical Center Dr Box 8034, Morgantown, WV, 26506
- City
- Morgantown
- State
- West Virginia
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $21.5M (FY2017) to $236.1M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $90.1MNet assets $1.3M
Operating margin
0.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$91.4M
Total liabilities
$90.1M
Net assets
$1.3M
Salaries & benefits
$154.5M
66% of expenses
Board members
5
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $236,059,065▲48.5% | $235,375,249▲48.2% | $1,277,592▲92.5% | $91,401,225▲186% | 990 |
| 2023 | $158,991,636▲153% | $158,852,790▲153% | $663,597▲4.2% | $32,000,419▲81.2% | 990 |
| 2022 | $62,914,180▲105% | $62,765,925▲105% | $636,741▲1431% | $17,656,182▲290% | 990 |
| 2021 | $30,641,232▲620% | $30,599,637▲245% | $41,595▲105% | $4,531,688▲53.1% | 990 |
| 2020 | $4,257,434▼54.8% | $8,862,775▼56.1% | -$893,680▼324% | $2,959,541▲1.9% | 990 |
| 2019 | $9,410,284▼58.8% | $20,193,099▼53.8% | $399,297▲109% | $2,905,182▲18.2% | 990 |
| 2018 | $22,835,889▲6.0% | $43,667,045▲9.3% | -$4,347,811▼6.5% | $2,458,453▼44.9% | 990 |
| 2017 | $21,544,060 | $39,945,306 | -$4,083,027 | $4,461,207 | 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 (FY2024)
Highest-paid: Carl Hasselman Md — $1,831,827 (0.78% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Carl Hasselman Md | Physician - Orthopedics | 40 | $1,831,827 |
| Ari Pressman Md | Physician - Orthopedics | 40 | $1,815,973 |
| Manny Molina Md | Physician - Orthopedics | 40 | $1,226,181 |
| Philip Cox Do | Physician - Pulmonary | 40 | $1,065,362 |
| James Perry | Physician - Pulmonary | 40 | $1,011,139 |
| James Jones | Board Treasurer - Director of Accounting | 40 | $219,865 |
| Ryan Stansbury | Vp Operations - Wvuhs | 20 | $177,118 |
| Albert L Wright Jr | Director - Wvuhs President/ceo | 1 | — |
| Carrie Willets | Director - President Uniontown Hospital | 1 | — |
| Greg Rosencrance Md | Director - President Thomas Hospital | 1 | — |
| Michael Grace | President/ceo | 10 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Stephen Ulaki | Er Contract Labor | $180,355 |
| Sch Capital Holdings Inc | Legal Services | $104,800 |
Grants made · $20K in FY2017
1 grant totaling $20K in FY2017. All grants made by Fayette Physician Network Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| American Heart Association Inc | Donation | $20,000 |
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Frequently asked questions
- Is Fayette Physician Network Inc a legitimate nonprofit?
- Yes. Fayette Physician Network Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-5440305, based in Morgantown, West Virginia. Donations are tax-deductible.
- What is Fayette Physician Network Inc's EIN?
- Fayette Physician Network Inc's Employer Identification Number (EIN) is 45-5440305.
- How much revenue does Fayette Physician Network Inc report?
- Fayette Physician Network Inc reported $236,059,065 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Fayette Physician Network Inc's spending goes to programs?
- Fayette Physician Network Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Fayette Physician Network Inc have?
- CharityIndex grades Fayette Physician Network Inc B, based on program efficiency and fundraising cost.
- How much does Fayette Physician Network Inc's highest-paid employee make?
- The highest reported compensation on Fayette Physician Network Inc's latest Form 990 is $1,831,827, paid to Carl Hasselman Md (Physician - Orthopedics).
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Explore more
Data for Fayette Physician Network Inc (EIN 45-5440305) 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.