Nonprofits/Organizations/35-2320780
Active
501(c)(3)
Form 990

Bellefonte Physician Services Inc

EIN 35-2320780Cincinnati, OH 45237Founded 2008WebsiteIRS Tax Year 2019 · Period ending December 31, 2019
Mission Statement

PRIMARY, URGENT AND SPECIALTY CARE

IRS Tax Year 2019

Period ending December 31, 2019

Tax years 2020, 2021, 2022, 2023, 2024 filings not yet available. This is the most recent filing on record.

Total Revenue

$9.0M

Total Expenses

$16.9M

Net Assets

$0

Employees

358

Volunteers

4

Program Expense Ratio

82.4%

This nonprofit profile presents IRS Form 990 tax filing data for Bellefonte Physician Services Inc (EIN: 35-2320780), based on the 2019 tax year annual return filed with the Internal Revenue Service.

Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, top independent contractors, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.

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RoundPaper IndicatorsTax Year 2019

Financial Health

Program spending ratio of 82.4% — good
0.0 months of operating reserves — limited runway

Transparency

Conflict of interest policy adopted
Whistleblower policy in place
Financial statements independently audited
8-member board, 4 independent

Compensation

Top compensation: $1,042,780 (Board Member; BSMH Chief Community Health Officer)
Top exec pay is 6.2% of total expenses — elevated
Schedule J filed for 15 individuals — detailed disclosure
No executive perks reported

Program Effectiveness

1 program reported
82.4% of spending goes to programs
1 program generates revenue — self-sustaining activity
4 volunteers engaged

Financial Stability

0.0 months cash runway — tight liquidity
Revenue diversification: concentrated in few sources

Risk Flags

No insider or excess benefit transactions
No material diversion or misuse reported
No family/business relationships on board

Indicators derived from IRS Form 990 data. Not financial advice.

Organization Summary

Bellefonte Physician Services Inc is a 501(c)(3) nonprofit headquartered in Cincinnati, OH, founded in 2008. In its 2019 filing, the organization reported $9.0M in total revenue, and $16.9M in total expenses. The organization employed 358 people and engaged 4 volunteers. , Board Member; BSMH Chief Community Health Officer, is the highest-compensated individual at $1,042,780. The organization runs 1 program, totaling $13.9M in program expenses. 4 of 6 recommended governance policies are in place.

Programs(Tax Year 2019)

1 record

Programs Overview

Bellefonte Physician Services Inc operates 1 program, with total program expenses of $13.9M. Bellefonte Physician Services Inc's largest program accounts for 100% of total program spending.

1
Program 1Expenses: $13,925,533

Charity & Indigent Care - Bellefonte Physician Services (BPS) utilizes an affiliate model to provide residents of the tri-state with a variety of services, from primary care to pediatric, urgent and specialty care. A member of the Bon Secours Kentucky Health System, BPS continues to expand to meet the needs of community residents, especially those in charily and indigent need. The various practices that comprise BPS are strategically located throughout the region to bring the highest quality health care close to home with convenient locations.

Financial Overview(Tax Years 2019–2019)

1 record

Financial Highlights

Bellefonte Physician Services Inc derives 1% from contributions and grants, with 99% from program services, with 0% from investment income.

Revenue is heavily concentrated: 99% comes from program service revenue, indicating limited diversification.

Bellefonte Physician Services Inc allocates 82% to programs, 18% to management and general.

Bellefonte Physician Services Inc holds $0 in total assets against $0 in liabilities. Cash and equivalents of $0 cover approximately 0.0 months of expenses.

Revenue

YearTotal RevenueContributionsGov't GrantsProgram RevenueInvestment
2019$9.0M$61K$61K$8.9M$10

Expenses

YearTotal ExpensesProgramManagementFundraisingGrants Paid
2019$16.9M$13.9M$3.0M$0$0

Program Expense Ratio

82.4%

Admin Expense Ratio

17.6%

Fundraising Efficiency

Operating Reserve

0.0 mo

People & Compensation(Tax Year 2019)

20 records

Compensation Summary

Bellefonte Physician Services Inc reported compensation for 20 officers and key employees. Total officer compensation was $8.6M, representing 50.6% of total expenses. 10 individuals received total compensation exceeding $500,000.

Bellefonte Physician Services Inc's highest-compensated individual received $1.0M in total compensation. Total officer compensation of $8.6M represents 50.6% of total expenses. 1 individual received total compensation exceeding $1,000,000.

NameTitleTypeHours/wkComp from OrgRelated OrgsTotal
Board Member; BSMH Chief Community Health Officer
Director
2.00$0$1,004,665$1,042,780
Former Treasurer/CFO-BSKY, Atlantic Group CFO
Former
$0$762,900$856,017
Former President, Chief Sponsorship/Theology Officer
Former
$0$802,098$841,146
Cardiologist
Highest Comp
50.00$0$707,653$741,568
Internist
Highest Comp
50.00$638,876$0$679,106
Former Board President; BSMH Asst General Counsel
Former
$0$614,385$633,567
Gastroenterologist
Highest Comp
50.00$568,272$0$611,250
Cardiologist
Highest Comp
50.00$526,189$0$562,704
Former Chairman, CEO - BSKY
Former
$0$511,521$555,875
Orthopedic Surgeon
Highest Comp
50.00$464,455$0$507,823
Board Member, Medical Director
Director
2.00$0$317,566$332,761
Board Member, CMO
Director
2.00$0$295,349$318,075
Former Treasurer/CFO-BSKY
Former
$0$272,374$293,567
Interim BSKY CEO/President
OfficerDirector
2.00$0$223,703$250,284
Treasurer, VP Physician Services
Officer
2.00$0$207,902$239,478
Board Secretary, Director Finance
Officer
50.00$76,562$0$89,246
Board President
OfficerDirector
3.00$0$0$0
Board Member
Director
2.00$0$0$0
Board Member
Director
2.00$0$0$0
Board Member
Director
2.00$0$0$0

Compensation Breakdown

Schedule J detail — base, bonus, benefits, and executive perks

Christine Lay JD

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Kevin Halter FACHE

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Thomas Morris PHD

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Jason Asic

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Samuel Ross MD

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

John Darnell MD

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Melinda Elkins-Smith MD

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Laura BUczkowski

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Joe Buchheit

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Tyler Walters

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Charles RHODES MD

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Diane Settles MD

Base Salary

$514,425

Bonus

$123,881

Other Reportable

$570

Retirement/Deferred

$9,612

Nontaxable Benefits

$30,618

George Linsenmeyer MD

Base Salary

$514,450

Bonus

$4,500

Other Reportable

$7,239

Retirement/Deferred

$12,600

Nontaxable Benefits

$23,915

Thomas LOVE MD

Base Salary

$365,840

Bonus

Other Reportable

$98,615

Retirement/Deferred

$12,600

Nontaxable Benefits

$30,768

John Brandenburg MD

Base Salary

$419,671

Bonus

$127,917

Other Reportable

$20,684

Retirement/Deferred

$12,600

Nontaxable Benefits

$30,378

Top Contractors(Tax Year 2019)

5 records

Contractor Summary

Bellefonte Physician Services Inc reported 5 contractors receiving over $100,000, with total contractor payments of $2.7M.

NameServiceCompensation
ATHENAHEALTH INCMEDICAL BILLING$1,199,834
SPIRIT REALTY CAPITAL INCREAL ESTATE$444,781
JACKSON & COKER LOCUM TENEMSMEDICAL SERVICES$429,942
WB BELLEFONTE LLCMEDICAL SERVICES$384,652
ENVERA HEALTH INCPATIENT ENGAGEMENT SERVICES$255,041

Governance & Compliance(Tax Year 2019)

Governance Snapshot

Bellefonte Physician Services Inc has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 8 members, 4 of whom are independent.

Bellefonte Physician Services Inc's financial statements are audited, an audit committee oversees the process.

Policies & Oversight

Conflict of interest policy
Whistleblower policy
Document retention policy
CEO compensation review process
Other officer compensation review
990 provided to governing body
Board members8
Independent members4

Audit & Financial Oversight

Financial statements audited
Independent audit
Audit committee
Federal grant audit required

Filing History(Tax Years 2008–2019)

1 record

Showing the 1 Form 990 filing currently in our system.

Tax YearFormPeriodRevenueExpensesNet Assets
2019
990
2019-09-01 – 2019-12-31$9.0M$16.9M$0
2008–2018No filings acquired yet

Frequently Asked Questions

What does Bellefonte Physician Services Inc do?

PRIMARY, URGENT AND SPECIALTY CARE

How much revenue does Bellefonte Physician Services Inc have?

Bellefonte Physician Services Inc reported $9,013,523 in total revenue for tax year 2019.

Who is the highest-paid executive at Bellefonte Physician Services Inc?

, Board Member; BSMH Chief Community Health Officer, received $1,042,780 in total compensation as of tax year 2019.

Is Bellefonte Physician Services Inc a 501(c)(3)?

Yes, Bellefonte Physician Services Inc is classified as a 501(c)(3) tax-exempt organization.

Where is Bellefonte Physician Services Inc located?

Bellefonte Physician Services Inc is headquartered in Cincinnati, OH 45237.

How many employees does Bellefonte Physician Services Inc have?

Bellefonte Physician Services Inc has 358 employees and 4 volunteers as of tax year 2019.

Is Bellefonte Physician Services Inc audited?

Yes, Bellefonte Physician Services Inc's financial statements are audited, and the organization has an audit committee.

Data Source

IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.

Publicly available IRS data
Verified filing records
Updated quarterly
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