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Paeon Health Services Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Health Support Services (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$6.79M (2022)

Expenses
$6.2M (2022)

Total Assets
$871k (2022)

Total Liabilities
$0 (2022)

Source: Form 990 tax filings from 2017 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,787,403
Expenses
$6,198,841
Net Income
$588,562
Net Assets
$871,209
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,830,000
71.2%
Program Services $1,957,403
28.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,643,217
74.9%
Assets/Debt
Total Assets $871,209
Total Liabilities $0
Net Assets $871,209
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Prejean Md (Physician) $507,785 $0 $36,433
Francis Lewis Md (Physician) $488,277 $0 $43,761
Jared M Roussel Md (Physician) $476,722 $0 $19,271
Bedford Nieves Cruz Md (Physician) $435,758 $0 $64,915
Willard T Dalton Md (Physician) $302,904 $0 $56,352
Russell P Henry Md (Former Key Employee) $235,776 $0 $31,576
Peter C November (Director/Secretary/Treasurer) $0 $3,923,201 $30,750
Scott J Posecai (Director/President) $0 $2,445,735 $32,723

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,044,933
Expenses
$5,170,181
Net Income
-$125,248
Net Assets
$282,647
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,400,000
67.4%
Program Services $1,644,933
32.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $282,647
Total Liabilities $0
Net Assets $282,647
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Prejean Md (Physician) $513,258 $0 $32,124
Francis Lewis Md (Physician) $489,164 $0 $38,128
Jared M Roussel Md (Physician) $481,184 $0 $15,093
Bedford Nieves Cruz Md (Physician) $448,244 $0 $45,874
Russell P Henry Md (Physician) $323,729 $0 $32,059
Willard T Dalton Md (Physician) $315,271 $0 $43,932
Peter C November (Director/Secretary/Treasurer) $0 $2,198,415 $378,814
Scott J Posecai (Director/President) $0 $3,619,506 $565,951

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,282,589
Expenses
$4,964,006
Net Income
$318,583
Net Assets
$423,879
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,240,984
61.4%
Program Services $2,041,605
38.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,644,683
73.4%
Assets/Debt
Total Assets $441,074
Total Liabilities $17,195
Net Assets $423,879
Compensation
Key Employees and Officers Compensation Related Other
Michael Prejean Md (Physician) $517,301 $0 $29,998
Jared M Roussel Md (Physician) $483,582 $0 $5,817
Francis Lewis Md (Physician) $480,807 $0 $31,696
Bedford Nieves Cruz Md (Physician) $450,357 $0 $48,821
Willard T Dalton Md (Physician) $295,837 $0 $42,140
Peter C November (Director/Secretary/Treas) $0 $1,936,112 $354,349
Scott J Posecai (Director/President) $0 $1,494,231 $600,238

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,815,559
Expenses
$4,873,360
Net Income
-$57,801
Net Assets
$105,296
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,265,000
67.8%
Program Services $1,550,559
32.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,403,145
69.8%
Assets/Debt
Total Assets $181,290
Total Liabilities $75,994
Net Assets $105,296

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,292,268
Expenses
$3,524,281
Net Income
-$232,013
Net Assets
$163,098
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,465,000
74.9%
Program Services $827,268
25.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,962,597
84.1%
Assets/Debt
Total Assets $172,042
Total Liabilities $8,944
Net Assets $163,098

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$825,000
Expenses
$429,890
Net Income
$395,110
Net Assets
$395,110
Notable Sources of Revenue Percent of Total Revenue
Contributions $825,000
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $299,147
69.6%
Assets/Debt
Total Assets $395,110
Total Liabilities $0
Net Assets $395,110
Compensation
Key Employees and Officers Compensation Related Other
Peter C November (Director/Secretary/Treas) $0 $932,247 $226,920
Scott J Posecai (Board Member/President/Ceo) $0 $937,862 $291,288

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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