Hancock Physician Network Llc
Hancock Physician Network Llc reported $36.7 million in revenue and $56.8 million in expenses for calendar year 2024. Of every $100 it spent, $62.14 went to program services, $37.86 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 92.2% of the total. The highest compensation it reported for one person was $632,375 (PHYSICIAN). 114 people received more than $100,000 in reportable compensation. Revenue rose 1% between 2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $57MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $37MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 62.1% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 37.9% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 7.3% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 92.2% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $632,375 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.11% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 114 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -3.5 | 6.8 |
| Independent voting board members Part VI 1a–1b | 0 of 1 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $606,001 | $0 | $26,374 | $632,375 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $565,423 | $0 | $36,869 | $602,292 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $461,422 | $0 | $59,207 | $520,629 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $434,420 | $0 | $47,608 | $482,028 |
| VP OF PHYSICIAN PRACTICE MANAGEMENT Key employee, 40.00 hrs/week | $0 | $447,134 | $33,212 | $480,346 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $412,486 | $0 | $67,194 | $479,680 |
| MEDICAL DIRECTOR Key employee, 40.00 hrs/week | $350,148 | $0 | $40,566 | $390,714 |
| MEDICAL DIRECTOR Key employee, 40.00 hrs/week | $263,182 | $0 | $30,184 | $293,366 |
114 people received more than $100,000 in reportable compensation from Hancock Physician Network Llc (Part VII, line 2). Compensation of current officers, directors and key employees totaled $911K (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b1 · 0 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aNo
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5179
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| JK ANESTHESIA INC Physician/medical services | $328,727 |
| ANDREW A MILLER CRNA PL Crna/medical services | $300,129 |
| ASCENSION MEDICAL GROUP Dr. Delgado/physician/medical services | $213,333 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Hancock Physician Network Llc's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Hancock Physician Network Llc, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Hancock Physician Network Llc spent in 2024, $62.14 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Bay State Community ServicesQuincy, MA · revenue $37M · programs 89.6% · FY2025
- ResthavenHolland, MI · revenue $37M · programs 92.6% · 2024
- Mid Florida Area Agency on AgingGainesville, FL · revenue $37M · programs 96.3% · 2025
- American Society of NephrologyWashington, DC · revenue $37M · programs 83.3% · 2025
- Lyngblomsten CARE CenterSt Paul, MN · revenue $36M · programs 90.2% · 2024
Questions people ask
How much of Hancock Physician Network Llc's spending goes to programs?
In calendar year 2024, Hancock Physician Network Llc reported that 62.1% of its $56.8 million in expenses went to program services, 37.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Hancock Physician Network Llc pay its top executive?
The largest total compensation Hancock Physician Network Llc reported for one person in calendar year 2024 was $632,375, for the role of PHYSICIAN (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Hancock Physician Network Llc get its money?
Of $36.7 million in revenue in calendar year 2024, 7.3% came from contributions and grants and 92.2% from program service revenue (Form 990, Part VIII).
Is Hancock Physician Network Llc a registered charity?
The IRS lists EIN 35-2051598 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523169349302757 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433209349316178 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313189349312086 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243189349312189 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133149349304928 · read the filing
All filings for EIN 35-2051598: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.