Trihealth Physician Enterprises Corp
90% goes to programs $0 to raise $100 Declining revenue
Trihealth Physician Enterprises Corp is a 501(c)(3) organization based in Cincinnati, Ohio, registered in 1993, with $269,233,688 in FY2023 revenue. CharityIndex grades it C+, and it directs about 90% of spending to programs.
625 Eden Park Drive 7th Floor, Cincinnati, OH, 45202 EIN 31-1383365 Since 1993
Revenue (FY2023)
$269.2M
▲ 4.5% vs prior year
Health median: $840K
Expenses (FY2023)
$349.6M
Net assets
$36.5M
Employees
2,544
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 →AProgram efficiency40% of the rating90% 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 Trihealth Physician Enterprises Corp: 90% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
DFinancial health25% of the rating1 mo reserves · -30% 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 Trihealth Physician Enterprises Corp: 1 mo reserves · -30% margin earns a D on this criterion. See the exact thresholds →
BGovernance25% of the rating4 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 Trihealth Physician Enterprises Corp: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Trihealth Physician Enterprises Corp: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Provides the community necessary medical care through primary care & specialty physicians.
Contact & location
- Address
- 625 Eden Park Drive 7th Floor, Cincinnati, OH, 45202
- City
- Cincinnati
- State
- Ohio
- Category
- Health Care
- Subcategory
- Health Support Services
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $183.8M (FY2013) to $269.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $69.2MNet assets $36.5M
Operating margin
-29.9%
Spent more than it raised in the latest fiscal year.
Total assets
$105.7M
Total liabilities
$69.2M
Net assets
$36.5M
Salaries & benefits
$246.2M
70% of expenses
Board members
2
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $269,233,688▲4.5% | $349,621,596▲6.3% | $36,514,599▲57.1% | $105,708,185▲17.9% | 990 |
| 2022 | $257,524,962▼22.4% | $329,033,927▼25.7% | $23,247,763▲223% | $89,655,924▲18.6% | 990 |
| 2021 | $331,824,574▼23.5% | $443,041,085▼23.7% | $7,206,844▲340% | $75,608,404▼26.8% | 990 |
| 2020 | $433,667,375▲12.9% | $580,819,485▲4.7% | $1,637,002▼86.9% | $103,275,223▲2.4% | 990 |
| 2019 | $384,030,749▼2.4% | $554,488,748▲1.1% | $12,465,755▼55.1% | $100,864,979▲21.2% | 990 |
| 2018 | $393,545,834▲1.8% | $548,679,893▲7.4% | $27,777,079▲30.3% | $83,209,479▲20.3% | 990 |
| 2017 | $386,745,780▲6.8% | $511,023,061▲8.9% | $21,323,450▼22.0% | $69,177,305▼5.5% | 990 |
| 2016 | $362,045,303▲33.9% | $469,102,415▲37.5% | $27,343,050▲56.9% | $73,229,544▼7.0% | 990 |
| 2015 | $270,301,080▲38.3% | $341,175,548▲56.5% | $17,428,496▲91.8% | $78,721,906▲42.4% | 990 |
| 2014 | $195,465,635▲6.4% | $217,979,498▲7.1% | $9,088,118▲616% | $55,288,916▲46.8% | 990 |
| 2013 | $183,776,679 | $203,570,212▲2.8% | $1,268,771▲210% | $37,653,864▲3.5% | 990 |
| 2012 | — | $197,962,856▲4.5% | -$1,153,767▼52.5% | $36,364,482▲2.8% | 990 |
| 2011 | — | $189,364,453▲5.3% | -$756,668▲98.4% | $35,366,218▲3.1% | 990 |
| 2010 | — | $179,813,249▲8.5% | -$46,762,771▼38.4% | $34,311,566▲13.3% | 990 |
| 2009 | — | $165,703,090 | -$33,800,319 | $30,279,302 | 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: Kevin Tymitz Md — $1,134,707 (0.32% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kevin Tymitz Md | Physician | 60 | $1,134,707 |
| Sean Lewis Md | Physician | 60 | $1,094,550 |
| Binh Nguyen Md | Physician | 60 | $1,000,314 |
| Seth Isaacs Md | Physician | 60 | $977,042 |
| George Kerlakian Md | Physician | 60 | $969,021 |
| Andrew Devoe | Treasurer (end 2/24) | 1 | — |
| Bryan Strader Md | President | 30 | — |
| Jason Schwartz | Vp-clinical Service Lines | 30 | — |
| Jeremiah Kirkland | Former Key Employee | 0 | — |
| John Ward | Trustee | 1 | — |
| Marla Silliman | Chairperson | 1 | — |
| Steve Gracey | Secretary | 1 | — |
| Vesta Johns | Administrative Executive | 30 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Augmedixinc | Remote Transcription | $604,601 |
| Trak Group | Medical Staffing | $557,335 |
| Aerotek Inc | Medical Staffing | $530,815 |
| Press Ganey Associates LLC | Survey Consulting | $530,541 |
| Hyur Staffing Services | Medical Staffing | $429,633 |
Grants received · $8.1M total
2 grants to Trihealth Physician Enterprises Corp totaling $8.1M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Good Samaritan Hospital of Cincinnati Ohio Dtd 01251995 | Funding of faculty medical center on campus of good sam hospital | 2021 | $4,452,210 |
| The Good Samaritan Hospital of Cincinnati Ohio Dtd 01251995 | Funding of faculty medical center on campus of good sam hospital | 2020 | $3,599,375 |
Grants made · $7,000 in FY2022
1 grant totaling $7,000 in FY2022. All grants made by Trihealth Physician Enterprises Corp →
| Recipient | Purpose | Amount |
|---|---|---|
| Good Samaritan Hospital Foundation of Cincinnati | Sponsorship | $7,000 |
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Frequently asked questions
- Is Trihealth Physician Enterprises Corp a legitimate nonprofit?
- Yes. Trihealth Physician Enterprises Corp is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-1383365, based in Cincinnati, Ohio. Donations are tax-deductible.
- What is Trihealth Physician Enterprises Corp's EIN?
- Trihealth Physician Enterprises Corp's Employer Identification Number (EIN) is 31-1383365.
- How much revenue does Trihealth Physician Enterprises Corp report?
- Trihealth Physician Enterprises Corp reported $269,233,688 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Trihealth Physician Enterprises Corp's spending goes to programs?
- Trihealth Physician Enterprises Corp spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Trihealth Physician Enterprises Corp have?
- CharityIndex grades Trihealth Physician Enterprises Corp C+, based on program efficiency and fundraising cost.
- How much does Trihealth Physician Enterprises Corp's highest-paid employee make?
- The highest reported compensation on Trihealth Physician Enterprises Corp's latest Form 990 is $1,134,707, paid to Kevin Tymitz Md (Physician).
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Data for Trihealth Physician Enterprises Corp (EIN 31-1383365) 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.