2026-08-17T16:31:07-05:00 2025-09-30 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2024-10-01 383849354 ASANTE PHYSICIAN PARTNERS ASAN 5417895590 2650 SISKIYOU BLVD MEDFORD OR 97504 HEATHER ROWENHORST CFO 5417895098 2026-08-14 1 1 KURT BENNION CPA P01469618 4252506100 2026-08-11 2024 2025-03-06 01:10:19Z TOM GESSEL 2650 SISKIYOU BLVD MEDFORD OR 97504 94853991 0 X WWW.ASANTE.ORG/PHYSICIANPARTNERS/ X 2011 OR ENHANCE THE QUALITY AND COST-EFFECTIVE DELIVERY OF HEALTHCARE SERVICES IN THE COMMUNITY. 6 0 732 0 64566 0 15788 33600 60741183 94820391 0 0 336 0 60757307 94853991 0 0 0 0 82160665 74293099 0 0 0 19692325 20560892 101852990 94853991 -41095683 0 19446658 21555517 294030807 296139666 -274584149 -274584149 X ASANTE PHYSICIAN PARTNERS IS A MULTI-SPECIALTY PROVIDER GROUP, WITH APPROXIMATELY 300 PROVIDERS, THAT IS HEADQUARTERED IN MEDFORD, OREGON, AND HAS 25 CLINIC LOCATIONS IN SOUTHERN OREGON. (CONTINUED IN SCHEDULE O)ASANTE PHYSICIAN PARTNERS WAS ESTABLISHED FOR THE PURPOSE OF EMPLOYING AND MANAGING PHYSICIAN PROVIDERS (INCLUDING PRIMARY CARE, SPECIALTY CARE AND ADVANCED PRACTICE PROVIDERS) AND PHYSICIAN GROUP PRACTICES DELIVERING MEDICAL PROFESSIONAL SERVICES TO THE RESIDENTS OF ASHLAND, GRANTS PASS, MEDFORD AND SURROUNDING COMMUNITIES IN OREGON. 0 0 27671913 0 34302541 ASANTE PHYSICIAN PARTNERS, ASANTE'S EMPLOYED MEDICAL GROUP, IS A MULTISPECIALITY MEDICAL GROUP ENCOMPASSING OVER 25 UNIQUE CLINIC SITES WITH 211 EMPLOYED PHYSICIANS AND 108 ADVANCED PRACTITIONERS. MOST PHYSICIAN PRACTICES, AND IN PARTICULAR SPECIALTY PRACTICES, ARE LOCATED WITHIN THE MORE HEAVILY POPULATED CITIES (MEDFORD, GRANTS PASS, AND ASHLAND) IN THE PRIMARY SERVICE AREA OF JACKSON AND JOSEPHINE COUNTIES. ASANTE PHYSICIAN PARTNERS' LARGEST PROGRAM SERVICE ACCOMPLISHMENT FOR THE FISCAL YEAR ENDING SEPT. 30, 2025, WAS THE INCREASED RECRUITMENT EFFORTS BRINGING PRIMARY CARE AND SPECIALTY CARE PROVIDERS TO SOUTHERN OREGON. THIS ACCESS IS OF PARTICULAR BENEFIT TO THE UNDERSERVED IN THE COMMUNITY. 29970767 0 45710369 ASANTE PHYSICIAN PARTNERS' SECOND LARGEST ACCOMPLISHMENT FOR FISCAL YEAR 2025 WAS THE OPERATION OF ITS PRIMARY CARE AND SPECIALTY CLINICS GROWTH. ASANTE PHYSICIAN PARTNER IN JACKSON AND JOSEPHINE COUNTY GENERATED 258,065 WRVUS PRIMARY CARE AND 357,573 WRVUS IN SPECIALTY SERVICES. THIS ACCESS IS OF PARTICULAR BENEFIT TO THE UNDERSERVED IN THE COMMUNITY. 16497387 0 14742914 ASANTE WORKS CONTINUOUSLY TO IMPROVE AVAILABILITY AND ACCESSIBILITY OF HEALTH CARE SERVICES IN OUR REGION, REDUCE COSTS AND ENHANCE THE QUALITY AND CONTINUITY OF HEALTH CARE SERVICES PROVIDED TO PATIENTS. DURING FISCAL YEAR 2025, ASANTE CONTINUED TO RECRUIT PHYSICIANS AND ADVANCED PRACTIC PROVIDERS TO ASANTE TO SUPPORT THIS EFFORT. TO IMPROVE ACCESS AND AVAILABILITY THROUGHOUT THE REGION, ASANTE ALSO EVALUATES AND PURSUES STRATEGIC ALLIANCES WITH PHYSICIANS AND OTHER PROVIDERS INCLUDING JOINT VENTURES, PARTNERSHIPS, SERVICE LINE AGREEMENTS, PHYSICIAN SERVICE AGREEMENTS AND OTHER STRATEGIC RELATIONSHIPS. DURING FY25, ASANTE SUPPORTED COMMUNITY CLINICS IN THE RECRUITMENT OF PHYSICIANS AND ADVANCED PRACTICE PROVIDERS IN CARDIOLOGY, GENERAL SURGERY, ANESTHESIA, ORTHOPEDICS AND CANCER SERVICES. 74140067 1 0 0 0 0 0 0 0 0 0 1 0 0 0 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 0 732 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 6 0 0 1 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 0 0 0 OR X X HEATHER ROWENHORST 5417895098 2650 SISKIYOU BLVD MEDFORD OR 97504 JOHN BYERS NP BOARD MEMBER & NURSE PRACTITIONER 40.00 0.00 X 204802 0 0 MEGAN FROST MD BOARD MEMBER & PHYSICIAN 40.00 0.00 X X 1047558 0 26777 SOMNATH GHOSH MD BOARD MEMBER & PHYSICIAN 40.00 0.00 X 229203 754945 0 SUE HAGAR MD FORMER BOARD MEMBER & PHYSICIAN 40.00 2.00 X 393457 0 53170 ERIC LOELIGER MD FORMER BOARD MEMBER & PHYSICIAN 1.00 40.00 X 0 694290 48481 RICHARD SCOTT NELSON MD BOARD MEMBER & PHYSICIAN 40.00 0.00 X 1297002 31000 71296 NICOLE ROTH MD FORMER BOARD MEMBER & PHYSICIAN 40.00 0.00 X X 493693 0 63095 CHARLES CARMECI MD PHYSICIAN 40.00 0.00 X 2306772 0 71450 DANIELLE JACKS MD PHYSICIAN 40.00 0.00 X 1016835 0 0 DANIEL KAHN MD PHYSICIAN 40.00 0.00 X 1042780 0 68571 LIAM MACLEOD MD PHYSICIAN 40.00 0.00 X 909568 14795 0 GLEN O'SULLIVAN MD PHYSICIAN 40.00 0.00 X 1004677 112500 41434 JAMES GREBOSKY MD FORMER PHYSICIAN 40.00 0.00 X 0 651270 53170 PATRICK SHARP BOARD MEMBER & TRMC CEO 1.00 40.00 X 0 614592 0 ANGIE SIMONSON BOARD MEMBER & SENIOR VP OF OPERATIONS 1.00 40.00 X X 0 581644 33934 HEATHER ROWENHORST CHIEF FINANCIAL OFFICER 1.00 41.00 X 0 649525 63206 9946347 4104561 594584 238 1 1 0 0 33600 33600 PHYSICIAN SERVICE REVE 621110 91116776 91052210 64566 INCENTIVE PAYMENTS 900099 3703615 3703615 94820391 94853991 94755825 64566 0 4357976 4357976 53154281 41897934 11256347 3591086 2855305 735781 10210859 9686129 524730 2978897 2393684 585213 6220037 999373 5220664 10260 9260 1000 174563 174563 594406 594406 38927 38927 23228 23228 236772 236772 486053 486053 1667364 1667364 4513363 4513363 MEDICAL SUPPLIES 3120418 3120418 BAD DEBT EXPENSE 2996805 2996805 REPAIRS & MAINTENANCE 279895 279895 DUES & SUBSCRIPTIONS 141384 141384 57417 57417 94853991 74140067 20713924 0 9375 8711 1189014 4921695 940 940 21083 18000 38438992 22328632 17730435 16110360 495811 495811 19446658 21555517 70441 62661 293960366 296077005 294030807 296139666 X -274584149 -274584149 -274584149 -274584149 19446658 21555517 0 0 X X 0 1 X 1 0 X 24760072 11305246 13454826 2058845 938966 1119879 11620075 10084420 1535655 16110360 BONUS / INCENTIVES PAYABLE 4751549 PAYROLL / BENEFITS PAYABLE 1073933 INTERCOMPANY PAYABLE 290251523 296077005 X PART X, LINE 2: ASANTE HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) STATING THAT IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC), EXCEPT FOR UNRELATED BUSINESS INCOME. MANAGEMENT BELIEVES ASANTE IS OPERATED IN A MANNER THAT QUALIFIES IT FOR TAX-EXEMPT STATUS. INCOME TAXES ARE PROVIDED FOR THE TAX EFFECTS OF TRANSACTIONS UNRELATED TO ASANTE'S TAX-EXEMPT PURPOSE REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS; HOWEVER, SUCH ACTIVITIES ARE NOT SIGNIFICANT TO THE CONSOLIDATED FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY ASANTE AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF ASANTE HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED TAX POSITIONS TAKEN BY ASANTE AND HAS CONCLUDED THAT AS OF SEPTEMBER 30, 2025, THERE ARE NO UNCERTAIN POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR AN ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ASANTE IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, NO SUCH AUDITS ARE CURRENTLY IN PROCESS. X X X X 0 1 0 0 0 0 0 0 0 JOHN BYERS NP BOARD MEMBER & NURSE PRACTITIONER 182262 0 22540 0 0 0 0 0 0 0 204802 0 0 0 MEGAN FROST MD BOARD MEMBER & PHYSICIAN 908411 0 139147 0 0 0 22360 0 4417 0 1074335 0 0 0 SOMNATH GHOSH MD BOARD MEMBER & PHYSICIAN 189618 672200 39540 82745 45 0 0 0 0 0 229203 754945 0 0 SUE HAGAR MD FORMER BOARD MEMBER & PHYSICIAN 350344 0 43113 0 0 0 34010 0 19160 0 446627 0 0 0 ERIC LOELIGER MD FORMER BOARD MEMBER & PHYSICIAN 0 552061 0 142158 0 71 0 30500 0 17981 0 742771 0 0 RICHARD SCOTT NELSON MD BOARD MEMBER & PHYSICIAN 1138545 31000 158457 0 0 0 52940 0 18356 0 1368298 31000 0 0 NICOLE ROTH MD FORMER BOARD MEMBER & PHYSICIAN 452903 0 40790 0 0 0 44935 0 18160 0 556788 0 0 0 CHARLES CARMECI MD PHYSICIAN 2032803 0 273969 0 0 0 53500 0 17950 0 2378222 0 0 0 DANIELLE JACKS MD PHYSICIAN 1016835 0 0 0 0 0 0 0 0 0 1016835 0 0 0 DANIEL KAHN MD PHYSICIAN 921467 0 121313 0 0 0 53500 0 15071 0 1111351 0 0 0 LIAM MACLEOD MD PHYSICIAN 794747 14795 114821 0 0 0 0 0 0 0 909568 14795 0 0 GLEN O'SULLIVAN MD PHYSICIAN 907333 112500 97344 0 0 0 30500 0 10934 0 1046111 112500 0 0 JAMES GREBOSKY MD FORMER PHYSICIAN 0 651270 0 0 0 0 0 34010 0 19160 0 704440 0 0 PATRICK SHARP BOARD MEMBER & TRMC CEO 0 467117 0 147475 0 0 0 0 0 0 0 614592 0 0 ANGIE SIMONSON BOARD MEMBER & SENIOR VP OF OPERATIONS 0 432162 0 149482 0 0 0 23000 0 10934 0 615578 0 0 HEATHER ROWENHORST CHIEF FINANCIAL OFFICER 0 499000 0 150515 0 10 0 46000 0 17206 0 712731 0 0 PART I, LINE 3 THE SALARY RANGE OF THE EXECUTIVE IS SET BY THE ASANTE COMPENSATION COMMITTEE AND IS APPROVED BY THE ASANTE BOARD OF DIRECTORS ON AN ANNUAL BASIS. PART I, LINE 4B ASANTE, THE PARENT CORPORATION OF ASANTE PHYSICIAN PARTNERS HAS AN EXECUTIVE RESTORATION PLAN. THIS PLAN STATES FIXED PAYMENTS WILL BE RECEIVED AT PRE-DETERMINED INTERVALS FROM ASANTE IF STILL EMPLOYED BY ASANTE IN THEIR CURRENT ROLE AT THE TIME OF VESTING. IF EMPLOYMENT TERMINATES BY ASANTE FOR ANY REASON, PRIOR TO VESTING, THEY WILL NOT HAVE CLAIM TO THE FUNDS. DURING CALENDAR YEAR 2024, THE FOLLOWING AMOUNTS WERE CONTRIBUTED TO THE PLAN: CHARLES CARMECI, MD - $22,500 ERIC LOELIGER, MD - $61,817 RICHARD (SCOTT) NELSON, MD - $18,279 DANIEL KANH, MD - $22,500 MEGAN FROST, MD - $22,500 HEATHER ROWENHORST - $63,738 PATRICK SHARP - $59,197 ANGIE SIMONSON - $54,914 JAMES GREBOSKY, MD - $22,500 SUE HAGAR, MD - $3,510 DURING CALENDAR YEAR 2024, THE FOLLOWING AMOUNTS WERE DISTRIBUTED OUT OF THE PLAN: ERIC LOELIGER, MD - $37,920 HEATHER ROWENHORST - $41,300 ANGIE SIMONSON - $7,571 SOMNATH GHOSH - $33,693 FORM 990, PART VI, SECTION A, LINE 3 ALL EXECUTIVE SERVICES ARE PROVIDED BY ASANTE, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 PER THE BYLAWS THE SOLE MEMBER OF ASANTE PHYSICIAN PARTNERS ("APP") IS ASANTE. FORM 990, PART VI, SECTION A, LINE 7A AS THE SOLE MEMBER, ASANTE HAS THE RIGHT TO ELECT OR REMOVE MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B AS THE SOLE MEMBER, ASANTE HAS THE RIGHT TO AMEND THE ARTICLES AND/OR BYLAWS, ADOPT OR MODIFY A STRATEGIC PLAN, ADOPT OR MODIFY THE ANNUAL BUDGET, APPROVE DISSOLUTION/MERGER, ETC. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORMS 990 AND 990-T ARE FEDERALLY MANDATED LEGAL DOCUMENTS THAT ARE HIGHLY REGULATED. BEFORE FINAL SUBMISSION OF THE FORM 990, IT WAS REVIEWED BY THE DIRECTOR OF FINANCE, THE CFO AND ASANTE'S EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, ASANTE ELECTRONICALLY SURVEYS ALL ASANTE MANAGEMENT, KEY EMPLOYEES, AND BOARD MEMBERS A CONFLICT-OF-INTEREST QUESTIONNAIRE TO COMPLY WITH ASANTE'S CONFLICT OF INTEREST POLICY. THE PURPOSE OF THE POLICY IS TO PROTECT ASANTE'S INTERESTS WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTERESTS OF A BOARD MEMBER OR OFFICER OF THE CORPORATION. IN ADDITION, ALL ASANTE EMPLOYEES HAVE AN OBLIGATION TO DISCLOSE CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS TO THEIR SUPERVISOR. THE CHIEF COMPLIANCE OFFICER IS RESPONSIBLE FOR ADMINISTERING, MONITORING, AND INVESTIGATING ANY POSSIBLE CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMPENSATION COMMITTEE OF ASANTE'S BOARD OF DIRECTORS ANNUALLY REVIEWS THE COMPENSATION OF THE CEO AND OTHER KEY EMPLOYEES. THE REVIEW COMPARES THE COMPENSATION OF THE CEO AND OTHER KEY EMPLOYEES WITH COMPENSATION DATA FOR JOB INCUMBENTS IN COMPARABLE POSITIONS AT OTHER HEALTHCARE ORGANIZATIONS OF SIMILAR SIZE AND SCOPE. AT LEAST EVERY OTHER YEAR, THE REVIEW IS CONDUCTED AND RECOMMENDATIONS MADE TO THE EXECUTIVE COMPENSATION COMMITTEE BY AN OUTSIDE CONSULTANT, CHOSEN BY THE EXECUTIVE COMPENSATION COMMITTEE. IN YEARS THE OUTSIDE CONSULTANT IS NOT ENGAGED, GENERAL MARKET MOVEMENT IS CONSIDERED AND THE REVIEW IS COMPLETED AND PRESENTED BY ASANTE'S HUMAN RESOURCES EXECUTIVE. THE EXECUTIVE COMPENSATION COMMITTEE SETS THE ACTUAL ANNUAL CASH COMPENSATION FOR THE CEO AND SALARY RANGES FOR THE OTHER KEY EMPLOYEES. THE COMMITTEE ALSO SETS TOTAL COMPENSATION OPPORTUNITY FOR THE CEO AND EACH OF THE KEY EMPLOYEES, CONSISTENT WITH THE EXECUTIVE COMPENSATION PHILOSOPHY. MINUTES OF THE EXECUTIVE COMPENSATION COMMITTEE DELIBERATIONS AND DECISIONS ARE RECORDED AND MAINTAINED. THE MOST RECENT EXECUTIVE COMPENSATION REVIEW BY AN OUTSIDE CONSULTANT WAS COMPLETED IN SEPTEMBER 2025 WITH RECOMMENDATIONS PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD IN OCTOBER 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH EMMA AND AS A COMPONENT OF FILED FORMS 990. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. ASANTE 2650 SISKIYOU BLVD MEDFORD OR 97504 930223960 HEALTHCARE & MANAGEMENT ACTIVITIES OR 501(C)(3) LINE 3 N/A 0 ASANTE FOUNDATION 229 BARTLETT STREET MEDFORD OR 97504 936087366 FUNDRAISING OR 501(C)(3) LINE 12A, I ASANTE 0 SOUTHERN OREGON INSURANCE COMPANY 745 FORT STREET SUITE 800 HONOLULU HI 96813 201578637 CAPTIVE INSURANCE HI 501(C)(3) LINE 12B, II ASANTE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0