Paeon Health Services
Paeon Health Services reported $21.7 million in revenue and $20.1 million in expenses for calendar year 2024. Of every $100 it spent, $97.07 went to program services, $2.93 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 64.5% of the total. The highest compensation it reported for one person was $7,011,513 (DIRECTOR/SEC/TREAS/CFO). 43 people received more than $100,000 in reportable compensation. Revenue rose 311% between 2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $20MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 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 $22MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 97.1% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 2.9% | 13.7% |
| 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 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 64.5% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 35.5% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $7,011,513 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 34.93% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 43 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 1.4 | 6.6 |
| Independent voting board members Part VI 1a–1b | 0 of 2 | 88.9% |
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 expenseTerrebonne parish has a significant need for medical services for the indigent, including those who are eligible to participate in the medicaid program. To accomplish its charitable purposes, the corporation employs physicians providing professional healthcare services for the low-income population. As of december 2024, Paeon Health Services (phs) employed 51 physicians, who specialize in areas such as anesthesiology, pathology, physical medicine, and neonatology. Phs physicians treated 12,838 patients in 2024, of which 19% are medicaid patients and 42% are medicare patients
Highest 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 |
|---|---|---|---|---|
| DIRECTOR/SEC/TREAS/CFO Director/trustee, officer, 1.00 hrs/week | $0 | $6,112,385 | $899,128 | $7,011,513 |
| DIRECTOR/PRES/CEO Director/trustee, officer, 1.00 hrs/week | $0 | $856,278 | $28,426 | $884,704 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $660,883 | $0 | $27,188 | $688,071 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $617,720 | $0 | $65,420 | $683,140 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $645,802 | $0 | $31,365 | $677,167 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $480,529 | $0 | $51,618 | $532,147 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $409,635 | $0 | $32,715 | $442,350 |
| FORMER KEY EMPLOYEE Former, 40.00 hrs/week | $263,047 | $0 | $17,007 | $280,054 |
43 people received more than $100,000 in reportable compensation from Paeon Health Services (Part VII, line 2).
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–1b2 · 0 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14No
- 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 551
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| INTERNAL MEDICINE CLINIC OF HOUMA Healthcare services | $713,865 |
| CARDIOVASCULAR INSTITUTE OF THE SOUTH Healthcare services | $490,000 |
| LOCUM TENENS Healthcare services | $307,309 |
Individuals listed as contractors are left out. 8 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Paeon Health Services's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Paeon Health Services, you can publish a response that is linked from this page.
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Of every $100 Paeon Health Services spent in 2024, $97.07 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Duluth Health ServicesDuluth, MN · revenue $22M · programs 87.8% · FY2025
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- Arroyo Vista Family Health FoundationLos Angeles, CA · revenue $22M · programs 83.4% · FY2025
- Independent Home CARENewburgh, NY · revenue $22M · programs 88.0% · 2024
- Generations Health AssociationMcMinnville, TN · revenue $22M · programs 100.0% · 2025
Questions people ask
How much of Paeon Health Services's spending goes to programs?
In calendar year 2024, Paeon Health Services reported that 97.1% of its $20.1 million in expenses went to program services, 2.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Paeon Health Services pay its top executive?
The largest total compensation Paeon Health Services reported for one person in calendar year 2024 was $7,011,513, for the role of DIRECTOR/SEC/TREAS/CFO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Paeon Health Services get its money?
Of $21.7 million in revenue in calendar year 2024, 64.5% came from contributions and grants and 35.5% from program service revenue (Form 990, Part VIII).
Is Paeon Health Services a registered charity?
The IRS lists EIN 82-1064427 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), 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 202523189349313862 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202540249349301239 · read the filing
- 2022: Form 990 for calendar year 2022, object 202410409349301701 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243159349305949 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123149349303642 · read the filing
All filings for EIN 82-1064427: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.