Reid Physician Associates Inc

Nonprofit profile at a glance

EIN
263086555
IRS 990 coverage
2010–2025
Forms available
Form 990 2025, Form 990-T 2025
Location
Richmond, IN, USA
Phone
7659833000
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospitals and Related Primary Medical Care Facilities

Official website

Reported finances

Revenue
$106,727,473
Expenses
$181,182,734
Assets
$16,042,120
Liabilities
$818,214,986

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

26 people listed

Executive titles in this filing

  • BENJAMIN WELLS (PRESIDENT / CEO)
  • CRAIG KINYON (FORMER PRESIDENT / CEO)

Highest reported compensation

  • HON QUYNH VIEN (PHYSICIAN / ORTHOPEDIC): $2,197,675 total reported compensation
  • NAEEM RAZA (PHYSICIAN): $1,759,944 total reported compensation
  • CHRISTOPHER NEHER (PHYSICIAN / ORTHOPEDIC): $1,361,395 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of reid physician associates, inc. Is to employ physicians and health professionals who promote community health through education, prevention of illness and injury, and the provision of quality, cost effective medical services to the public we serve. This mission is accomplished through 1) the employment and retention of physicians, mid-level providers, and physician staff to advance its primary purpose of promoting community health; and 2) community health education and outreach programs for patients and community members, prevention of illness and injury, and provision and expansion of medical services for the public in a multi-county service area.

What it reported doing in 2025

In keeping with the shared commitment of reid physician associates, inc. And reid hospital & health care services, inc. To provide service to all members of our multi-county service area including the elderly, disabled, and poor, reid physician associates, inc. Provides care regardless of ability to pay. Our services include those covered by the medicare and medicaid programs at below cost as well as discounted services for the poor in accordance with reid hospital & health care services, inc.'s financial assistance policy. In 2025, reid physician associates, inc. Provided our community a total of 64,380 physician days, resulting in 901,113 patient encounters of which 435,846 were medicare and 176,210 were medicaid patient encounters. These patient encounters include 35,075 first time patients with 16,965 being medicare and 6,859 being medicaid patients. Please note, payer breakdowns are estimated based off of proportion of gross charges for these payer types.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 84
  • Accountability: 82
  • Sustainability: 3
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 83.3%; rating input score 83
  • Fundraising efficiency: $2.04 raised per $1 spent on fundraising; rating input score 6; 6th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 66th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 70%; rating input score 70; 11th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -69.8%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.09; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 51; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 6%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 4.6% per year; rating input score 100; 35th percentile among comparable filings
  • Revenue growth: 9.7% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: 1% per year; rating input score 100; 7th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 83.3% of spending went to programs
  • Governance: 14 of 20 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $150.9M in reported program spending
  • Leadership: top reported pay $2.2M · 26 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 43 of 43 current checks pass
  • Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 6/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.