2025-05-13T18:19:14-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 2001 MARKET STREET SUITE 800 PHILADELPHIA PA 19103 990 2023-07-01 522011066 BEEBE PHYSICIAN NETWORK INC BEEB 3026443555 1515 SAVANNAH ROAD LEWES DE 19958 RYAN KENNEDY TREASURER/ CFO 3026443555 2025-05-13 1 1 ALYCIA SOLECKI P01272637 2155614200 2023 2025-03-06 01:10:19Z BEEBE MEDICAL GROUP ANTHONY BUONANNO MD 1515 SAVANNAH ROAD LEWES DE 19958 62212184 0 X N/A X 1997 DE SEE SCHEDULE OBEEBE PHYSICIAN NETWORK IS A COMMUNITY HEALTHCARE PROVIDER THAT PROVIDES ESSENTIAL PHYSICIAN SERVICES IN EASTERN SUSSEX COUNTY, A PHYSICIAN UNDER-SERVED AREA SINCE 1976. 10 2 653 5 0 0 413482 568643 62497709 61551576 0 0 100326 91965 63011517 62212184 0 0 0 0 81147104 83088457 0 0 0 17019751 18157191 98166855 101245648 -35155338 -39033464 16605238 23872049 338014983 384315258 -321409745 -360443209 X BEEBE PHYSICIAN NETWORK IS A COMMUNITY HEALTHCARE PROVIDER THAT PROVIDES ESSENTIAL PHYSICIAN SERVICES IN EASTERN SUSSEX COUNTY, A PHYSICAN UNDER-SERVED AREA SINCE 1976. 0 0 57476287 52592090 BEEBE PHYSICIAN NETWORK OPERATES A PHYSICIAN NETWORK WHICH ASSISTS IN MEETING THE HEALTH NEEDS AND GOALS OF ALL PERSONS IN ITS SERVICE AREA WITHOUT DISCRIMINATION, AS AN INTEGRAL PART OF THE COMMUNITY OF SUSSEX COUNTY. 12049173 5445211 BEEBE PHYSICIAN NETWORK PROVIDES CONTINUOUS CARE FOR INPATIENT AND UNREFFERED PATIENTS THROUGH THE BPN HOSPITALIST PROGRAM. 6253249 3340851 BEEBE PHYSICIAN NETWORK HAS FILLED THE COMMUNITY NEED WITH ACCESS OF CARE TO THE COMMUNITY AND FILLED THE VOIDS THROUGH BEEBE GASTROENTEROLOGY ASSOCIATES. 121423 173424 BEEBE PHYSICIAN NETWORK HAS FILLED THE COMMUNITY NEED WITH ACCESS OF CARE TO THE COMMUNITY AND FILLED THE VOIDS THROUGH BEEBE VASCULAR. 121423 173424 75900132 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 653 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 2 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 1 0 X MARCIA RIGSBY-DYKES 3026453300 431C SAVANNAH ROAD LEWES DE 19958 DAVID TAM MD DIRECTOR/BMC CEO 2.00 42.00 X X 0 1158498 47777 DELBERT KWAN DIRECTOR/PHYSICIAN 40.00 0.00 X 908609 0 43588 LEONARD LEV DIRECTOR/PHYSICIAN (BEG 08/2023) 40.00 0.00 X 582171 0 35225 KRISTIE ZANGARI DIRECTOR/PHYSICIAN 40.00 0.00 X 360913 0 33398 ERIC J HALE DIRECTOR/PHYSICIAN 40.00 0.00 X 335052 0 33801 JOYCE ROBERT DIRECTOR/PHYSICIAN (BEG 08/2023) 40.00 0.00 X 306179 0 42605 ERCILIA ARIAS DIRECTOR/PHYSICIAN (THRU 08/2023) 40.00 0.00 X 543740 0 34120 PAUL PERNICE TREASURER/BMC CFO (THRU 07/2023) 2.00 40.00 X X 0 467326 10678 WILLIAM CHASANOV DIRECTOR/ADMIN. PHYSICIAN 1.00 40.00 X 0 545170 11922 STEVE QUIRICONI SEE SCH J TREASURER/BMC INTERIM CFO 1.00 43.00 X X 0 0 0 TERRY MAGEE DIRECTOR (THRU 07/2023) 1.00 2.00 X 0 0 0 CHRISTOPHER WEEKS DIRECTOR 1.00 2.00 X 0 0 0 JACQUELYN WILSON EDD DIRECTOR 1.00 0.00 X 0 0 0 TAREK WAKED PHYSICIAN 40.00 0.00 X 1455511 0 29020 ERIK D STANCOFSKI PHYSICIAN 40.00 0.00 X 962192 0 42892 STEPHEN MARRA PHYSICIAN 40.00 0.00 X 959886 0 42457 RAMAKRISHNA TATINENI PHYSICIAN 40.00 0.00 X 873994 0 37787 RICHARD PAUL PHYSICIAN 40.00 0.00 X 778010 0 40265 8066257 2170994 485535 183 0 1 0 BRAVO BUILDING SERVICES LLC 1140 ROUTE 22 E 2ND FLOOR SUITE 2 BRIDGEWATER NJ 08807 CLEANING SERVICES 764024 FRASIER HEALTHCARE CONSULTING PO BOX 170238 ARLINGTON TX 76003 CONSULTING 405242 WEATHERBY LOCUMS PO BOX 972633 DALLAS TX 75397 HEALTHCARE 376036 ALL STAR RECRUITING INC PO BOX 936725 ATLANTA GA 311936725 RECRUITMENT 252464 BARTON ASSOCIATES PO BOX 417844 BOSTON MA 02241 LEGAL 205146 37 568643 568643 PATIENT SERVICE REVENUE 621110 51439355 51439355 OTHER PROVISION OF HEALTHCARE REV 621110 10112221 10112221 61551576 91965 0 91965 91965 91965 62212184 61551576 0 91965 2492924 2492924 69184496 50605921 18578575 2489775 1874791 614984 5117936 3945073 1172863 3803326 2905380 897946 15100 15100 24024 13032 10992 6517909 3988695 2529214 135 135 4908467 4419598 488869 7766 7766 5169291 4371106 798185 7473 5153 2320 58536 47904 10632 578167 527196 50971 534784 411208 123576 PATIENT BAD DEBT 131772 131772 MEMBERSHIP DUES 130973 97429 33544 MAINTENANCE 72794 55049 17745 101245648 75900132 25345516 0 3291114 3546866 4707017 5185746 0 45973 9777382 6452491 2885660 3324891 0 0 0 0 5721447 11768573 16605238 23872049 16772447 18272155 0 0 0 0 0 0 0 0 0 0 0 0 321242536 366043103 338014983 384315258 X -321409745 -360443209 0 0 -321409745 -360443209 16605238 23872049 -39033464 0 X 0 1 X 1 0 X 1028807 556216 413482 568643 2567148 45230015 48734907 56963077 61572149 61551576 274051724 45230015 49763714 57519293 61985631 62120219 276618872 0 0 0 276618872 100326 100326 91965 292617 100326 100326 91965 292617 45230015 49763714 57619619 62085957 62212184 276911489 0.99890 0.99920 0.00110 0.00080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 787897 414858 373039 3104053 1645035 1459018 5885432 4392598 1492834 3324891 RIGHT-OF-USE ASSETS 11540783 OTHER ASSETS 227790 11768573 DUE TO PARENT COMPANY 356784229 RIGHT OF USE LEASE LIABILITY 9258873 366043103 X PART X, LINE 2: THE SYSTEM HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. X X X X 0 0 0 0 0 0 0 1 0 TAREK WAKED PHYSICIAN 670600 0 756621 0 28290 0 11250 0 17770 0 1484531 0 0 0 DAVID TAM MD DIRECTOR/BMC CEO 0 1041475 0 100000 0 17023 0 10596 0 37181 0 1206275 0 0 ERIK D STANCOFSKI PHYSICIAN 614180 0 324998 0 23014 0 8160 0 34732 0 1005084 0 0 0 STEPHEN MARRA PHYSICIAN 925321 0 0 0 34565 0 11250 0 31207 0 1002343 0 0 0 DELBERT KWAN DIRECTOR/PHYSICIAN 622757 0 272446 0 13406 0 8856 0 34732 0 952197 0 0 0 RAMAKRISHNA TATINENI PHYSICIAN 667349 0 183673 0 22972 0 11250 0 26537 0 911781 0 0 0 RICHARD PAUL PHYSICIAN 612478 0 141027 0 24505 0 5546 0 34719 0 818275 0 0 0 LEONARD LEV DIRECTOR/PHYSICIAN (BEG 08/2023) 295269 0 284828 0 2074 0 8816 0 26409 0 617396 0 0 0 ERCILIA ARIAS DIRECTOR/PHYSICIAN (THRU 08/2023) 485366 0 30007 0 28367 0 11250 0 22870 0 577860 0 0 0 WILLIAM CHASANOV DIRECTOR/ADMIN. PHYSICIAN 0 535904 0 0 0 9266 0 10588 0 1334 0 557092 0 0 PAUL PERNICE TREASURER/BMC CFO (THRU 07/2023) 0 326819 0 0 0 140507 0 7285 0 3393 0 478004 0 0 KRISTIE ZANGARI DIRECTOR/PHYSICIAN 340434 0 7300 0 13179 0 6942 0 26456 0 394311 0 0 0 ERIC J HALE DIRECTOR/PHYSICIAN 253031 0 74368 0 7653 0 6253 0 27548 0 368853 0 0 0 JOYCE ROBERT DIRECTOR/PHYSICIAN (BEG 08/2023) 295697 0 10000 0 482 0 7962 0 34643 0 348784 0 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS OF BEEBE MEDICAL CENTER, INC. APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR. AN INDEPENDENT COMPENSATION CONSULTANT IS UTILIZED TO COMPILE SALARY INFORMATION FOR THIS POSITION. MINUTES OF MEETINGS ARE MAINTAINED TO DOCUMENT DELIBERATION AND DECISIONS. PART I, LINE 7 EXECUTIVES AND MANAGEMENT TEAM MEMBERS ARE ELIGIBLE FOR BONUSES IF THEY MEET SPECIFIC ORGANIZATIONAL OBJECTIVES INCLUDING QUALITY AND SAFETY ISSUES, PATIENT SATISFACTION SCORES, AND CERTAIN FINANCIAL GOALS. FOR VICE PRESIDENTS, 80% OF THEIR ELIGIBLE INCENTIVE IS BASED UPON ORGANIZATION - WIDE GOALS AND 20% IS BASED UPON INDIVIDUAL GOALS. FOR THE CEO, 100% OF THE ELIGIBLE INCENTIVE IS BASED UPON ORGANIZATION - WIDE OR TEAM GOALS. CERTAIN PHYSICIANS ARE ELIGIBLE FOR AN INCENTIVE BASED ON THE PHYSICIAN'S INDIVIDUAL PRACTICE NUMBER OF WORKED RVUS. FORM 990, PART VII - STEVE QUIRICONI EFFECTIVE APRIL 2023, STEVE QUIRICONI BECAME THE TREASURER FOR BEEBE PHYSICIAN NETWORK AND INTERIM CHIEF FINANCIAL OFFICER FOR BEEBE MEDICAL CENTER. STEVE QUIRICONI WAS PAID THROUGH WITTKIEFFER, AN INDEPENDENT CONSULTING FIRM. DURING CALENDAR YEAR 2023, BEEBE MEDICAL CENTER, A RELATED ORGANIZATION PAID $542,189 WITTKIEFFER FOR SERVICES PROVIDED TO THE ORGANIZATION THAT INCLUDED QUIRICONI'S COMPENSATION AS INTERIM CFO. FORM 990, PART VI, SECTION A, LINE 6 BEEBE MEDICAL CENTER IS THE SOLE MEMBER OF BEEBE PHYSICIAN NETWORK. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS OF BEEBE MEDICAL CENTER APPROVES THE DECISIONS OF THE BOARD OF DIRECTORS OF BEEBE PHYSICIAN NETWORK. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS OF BEEBE MEDICAL CENTER APPROVES THE DECISIONS OF THE BOARD OF DIRECTORS OF BEEBE PHYSICIAN NETWORK. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED INTERNALLY BY MANAGEMENT OF BEEBE MEDICAL CENTER, INC. THE RETURN IS REVIEWED BY A THIRD PARTY ACCOUNTING FIRM, GRANT THORNTON ADVISORS LLC. A COPY OF THE FORM 990 WAS PROVIDED TO THE GOVERNING BODY BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C BEEBE PHYSICIAN NETWORK, FOLLOWS THE CONFLICT OF INTEREST POLICY OF ITS SOLE MEMBER BEEBE MEDICAL CENTER. THE POLICY REQUIRES ANNUAL COMPLETION OF A CONFLICT OF INTEREST STATEMENT FOR ALL BOARD MEMBERS, EXECUTIVES, AND MANAGEMENT TEAM MEMBERS. NON-MANAGEMENT TEAM MEMBERS ARE REQUIRED TO SUBMIT A CONFLICT OF INTEREST STATEMENT UPON HIRE. CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY THE BOARD AND AUDIT COMMITTEE FOR THE EXISTENCE OF ANY ADVERSE INTEREST. ANY MEMBER WITH AN ACTUAL OR PERCEIVED CONFLICT RECUSES HIMSELF OR HERSELF FROM ANY DELIBERATIONS ON THE CONFLICTED MATTER. FORM 990, PART VI, SECTION B, LINE 15B FOR THOSE OFFICERS COMPENSATED BY BEEBE MEDICAL CENTER, A RELATED ORGANIZATION, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS GOVERNS AND CONTROLS EXECUTIVE COMPENSATION. PAY IS DETERMINED BY COMPARING TO OTHER TAX-EXEMPT HEALTH SYSTEMS SIMILAR TO BEEBE MEDICAL CENTER IN SIZE AND COMPLEXITY LOCATED REGIONALLY AND THROUGHOUT THE UNITED STATES. PAY IS POSITIONED AT THE 50TH PERCENTILE OF BEEBE MEDICAL CENTER'S PEER GROUP. THE EXECUTIVE COMMITTEE UTILIZES A CONSULTANT FOR EXECUTIVE COMPENSATION ADVICE. MINUTES OF MEETINGS ARE MAINTAINED TO DOCUMENT DELIBERATION AND DECISIONS. FOR COMPENSATION PAID BY BEEBE PHYSICIAN NETWORK, INC. TO PHYSICIANS AND OTHER EMPLOYEES, SALARIES ARE REVIEWED AND CONSISTENT WITH CURRENT MEDICAL GROUP MANAGEMENT ASSOCIATION DATA (MGMA). FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS ORGANIZING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. BEEBE MEDICAL CENTER 424 SAVANNAH ROAD LEWES DE 19958 510067938 HEALTHCARE DE 501(C)(3) LINE 3 N/A 0 BEEBE MEDICAL FOUNDATION 902 SAVANNAH ROAD LEWES DE 19958 510319455 FUNDRAISING DE 501(C)(3) LINE 12A, I BEEBE MED CTR 0 BEEBE HEALTHCARE INC 424 SAVANNAH ROAD LEWES DE 19958 931478145 HEALTHCARE DE 501(C)(3) LINE 12B, II BEEBE MED CTR 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 1