Nonprofit · EIN 45-4395947
THS PHYSICIAN PARTNERS INC
Tax-exempt · S CHARLESTON, WV 25309
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $55,732,560 | $98,043,428 | -$42,310,868 | $20,470,953 | $161,222,829 | -$140,751,876 |
| December 31, 2023 | 990 | $12,407,637 | $18,922,649 | -$6,515,012 | $12,046,268 | $3,783,793 | $8,262,475 |
| September 30, 2023 | 990 | $36,170,382 | $53,296,882 | -$17,126,500 | $11,383,458 | $3,421,555 | $7,961,903 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $55,168,425
- Investment income
- $0
- Other revenue
- $564,135
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $27,707,920
- Salaries, compensation and benefits (total)
- $31,230,476
- Professional fundraising fees
- $0
- Occupancy
- $275,668
- Travel
- $71,868
- Depreciation
- $551,265
- Program services (functional)
- $93,236,901
- Management and general (functional)
- $4,806,527
Balance sheet and other
- Total assets, start of year
- $12,046,268
- Total assets, end of year
- $20,470,953
- Total liabilities, end of year
- $161,222,829
- Net assets, end of year
- -$140,751,876
- Land, buildings and equipment
- $4,165,157
- Net assets without donor restrictions
- -$140,751,876
- Gross receipts
- $55,732,560
- Employees
- 247
- Year formed
- 2012
- State of legal domicile
- WV
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Albert Wright | Board President Jan - March, WVUHS President Trustee or director | 1 | $0 | $2,297,899 | $428,380 |
| Matthew Stover MD | Physician Highest-paid employee | 40 | $1,360,377 | $0 | $50,532 |
| Freddie Dominick Persinger MD | Physician Highest-paid employee | 40 | $1,309,681 | $0 | $50,572 |
| Narender R Jogenpally MD | Physician Highest-paid employee | 40 | $1,219,915 | $0 | $52,935 |
| John P Ponugupati MD | Physician Highest-paid employee | 40 | $1,098,886 | $0 | $50,572 |
| Michael Mastromichalis | Physician Highest-paid employee | 40 | $972,338 | $0 | $52,935 |
| J Gregory Rosencrance | Board President April - Dec President of Thomas Memorial Hospital Trustee or director, Officer | 1 | $0 | $813,930 | $108,541 |
| Dan Lauffer | Board Member, Jan - March, President of TMH Services Trustee or director | 1 | $0 | $541,582 | $41,135 |
| Aaron Alexander | Director, April - December Trustee or director | 1 | $0 | $362,716 | $51,995 |
| Matthew Upton MD | Board Secretary Trustee or director, Officer | 1 | $0 | $347,799 | $49,313 |
| Jason Gizzi | Board Interim Vice President Trustee or director, Officer | 1 | $0 | $108,495 | $21,726 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Albert L Wright Jr | Board President/CEO WVUHS Trustee or director | 1 | $0 | $3,543,299 | $409,396 |
| Freddie Dominick Persinger MD | Physician Highest-paid employee | 40 | $1,410,899 | $0 | $25,874 |
| Matthew Stover MD | Physician Highest-paid employee | 40 | $1,265,879 | $0 | $23,812 |
| Narender R Jogenpally MD | Physician Highest-paid employee | 40 | $1,111,811 | $0 | $38,600 |
| John P Ponugupati MD | Physician Highest-paid employee | 40 | $1,028,267 | $0 | $25,631 |
| Bruce Haupt MD | Physician Highest-paid employee | 40 | $924,925 | $0 | $32,709 |
| Daniel Lauffer | Member Trustee or director | 1 | $0 | $549,712 | $38,586 |
| J Gregory Rosencrance | President Thomas Memorial Hospital Officer | 1 | $0 | $553,733 | $34,032 |
| Timothy Skeldon | Board Vice President/CFO THS Trustee or director | 1 | $0 | $410,687 | $45,905 |
| Matthew Upton MD | Board Secretary Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ALBERT WRIGHT | PRESIDENT/CEO WVUHS Trustee or director, Officer | 1 | $0 | $2,323,142 | $384,491 |
| MATTHEW STOVER MD | PHYSICIAN Highest-paid employee | 40 | $1,352,738 | $0 | $31,699 |
| FREDDIE DOMINICK PERSINGER MD | PHYSICIAN Highest-paid employee | 40 | $1,232,021 | $0 | $21,619 |
| BRUCE HAUPT MD | PHYSICIAN Highest-paid employee | 40 | $1,017,947 | $0 | $31,597 |
| NARENDER R JOGENPALLY MD | PHYSICIAN Highest-paid employee | 40 | $955,150 | $0 | $37,104 |
| PHILLIP DAVID SURFACE MD | PHYSICIAN Highest-paid employee | 40 | $921,124 | $0 | $20,534 |
| DANIEL J LAUFFER | DIRECTOR/TMH SERVICES PRESIDENT Trustee or director | 1 | $0 | $644,460 | $37,928 |
| BRIAN ULERY | FORMER PRESIDENT Former | 1 | $0 | $494,046 | $14,288 |
| MATTHEW UPTON MD | SECRETARY/ SR. VP/CMO THOMAS HEALTH Trustee or director, Officer | 20 | $0 | $455,748 | $39,373 |
| TIMOTHY SKELDON | VICE CHAIR/ THS SR. VP FINANCE Trustee or director, Officer | 1 | $0 | $439,547 | $39,671 |
| MARIA RENDINELL | FORMER EXEC DIR-THSPP TERMED 8/2022 Former | 20 | $0 | $247,425 | $12,016 |
| GREG ROSENCRANCE MD | PRESIDENT/CEO AS OF 3/1/23 Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4605 MACCORKLE AVE SW, S CHARLESTON, WV 25309-1311
- In care of
- % ROBERT J GRAY
- Mailing address (990-N for 2011)
- 4605 MacCorkle Avenue SW, South Charleston WV 25309
- Principal officer (990 for 2024)
- Gregory Rosencrance, 4605 MacCorkle Ave SW, South Charleston, WV 25309
- Principal officer (990-N for 2011)
- Louis Roe, 4605 MacCorkle Avenue SW, South Charleston WV 25309
- Signed the 990
- Rachel Jones, VP of Finance
- Phone
- (304) 766-3528
Mission
To establish, support, manage, and furnish facilities, personnel, and services to provide diagnostic, therapeutic, wellness, health promotion, and other professional medical services to the sick and injured residents of the Kanawha Valley.
Program accomplishments
- Thomas Health System Physician Partners, Inc. is a multi-specialty physician group that consists of 76 physicians and 87 mid-level providers. Thomas employed physicians provided care to 199,711 patients in 2024.Expenses $93,236,901 · revenue $55,732,560
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4395947
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E60)
- Assets (IRS master file)
- $20,470,953
- Income (IRS master file)
- $55,732,560
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $55,732,560 | $98,043,428 | $20,470,953 | IRS |
| 990 | December 2023 | $12,407,637 | $18,922,649 | $12,046,268 | XML |
| 990 | September 2023 | $36,170,382 | $53,296,882 | $11,383,458 | XML |
| 990 | September 2022 | $28,197,920 | $34,539,178 | $5,078,292 | IRS |
| 990 | September 2021 | $23,777,461 | $31,695,626 | $4,628,803 | IRS |
| 990 | September 2020 | $20,010,314 | $29,005,684 | $2,817,853 | IRS |
| 990 | September 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: Louis Roe | September 30, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-4395947).
Questions about THS PHYSICIAN PARTNERS INC
- What is the EIN of THS PHYSICIAN PARTNERS INC?
- The employer identification number (EIN) of THS PHYSICIAN PARTNERS INC is 45-4395947.
- Is THS PHYSICIAN PARTNERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to THS PHYSICIAN PARTNERS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THS PHYSICIAN PARTNERS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THS PHYSICIAN PARTNERS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THS PHYSICIAN PARTNERS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THS PHYSICIAN PARTNERS INC?
- The 990 for the year ended December 31, 2024 names Gregory Rosencrance.
- Who are the officers and directors of THS PHYSICIAN PARTNERS INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 5 received compensation from the organization.
- How much revenue does THS PHYSICIAN PARTNERS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $55,732,560, expenses of $98,043,428 and total assets of $20,470,953 at year end.
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