The Physician Network

Nonprofit profile at a glance

EIN
470780857
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Phoenix, AZ, USA
Phone
4024210896
Rating
44
Verdict
MIXED
Rating confidence
Moderate
Sector
Professional Societies, Associations

Official website

Reported finances

Revenue
$778,282
Expenses
$65,995
Assets
$22,279,985
Liabilities
$212,576,297

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

36 people listed

Executive titles in this filing

  • TIM BRICKER (EX-OFFICIO/REGION CEO)
  • RANDALL PRITZA MD (EX-OFFICIO (THROUGH 5/1/25)/CHC PRESIDENT/COO)
  • JULIE GERNETZKE (BOARD MEMBER/PE MARKET PRESIDENT NE/IA/ND/MN)

Highest reported compensation

  • TIM BRICKER (EX-OFFICIO/REGION CEO): $2,889,751 total reported compensation
  • JOSHUA ANDERSON MD (FORMER HCE): $1,909,439 total reported compensation
  • RANDALL PRITZA MD (EX-OFFICIO (THROUGH 5/1/25)/CHC PRESIDENT/COO): $1,514,571 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

As an affiliate of commonspirit health, we make the healing presence of god known in our world by improving the health of the people we serve, especially those who are vulnerable, while we advance social justice for all.

What it reported doing in 2024

The physician network was founded to provide physician services for the community. As a member of commonspirit health, we embrace the mission of a healthy community and providing quality care for those in need. The physician network was founded and granted tax exempt status in 1994. The board of directors is comprised of officers from alegent creighton clinic, a related organization.as reported on the prior year form 990, the physician network's operations transferred to alegent creighton clinic, a related organization. During the current year, the only activity being reported is due to the wrapping up of operations.

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

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 35
  • Transparency & Controls: 60
  • Accountability: 37
  • Sustainability: 76
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 7.9%; rating input score 8
  • Program expense ratio: 93.1%; rating input score 93
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 6.7%; rating input score 7; 9th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 91.5%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 337.6; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 9.54; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 2,981.2%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -19.5% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -9.7% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: 3.5% per year; rating input score 100; 32nd percentile among comparable filings

Details

  • Where the money goes: 7.9% of revenue deployed · 93.1% of spending went to programs
  • Governance: 1 of 15 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $61K in reported program spending
  • Leadership: top reported pay $2.9M · 36 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 15 of 15 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 331 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: Mission deployment rate scored 8/100.
  • High — Accountability: Independent voting board scored 7/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.