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Indiana · Nonprofit

DEACONESS SPECIALTY PHYSICIANS INC

DEACONESS SPECIALTY PHYSICIANS INC (Indiana) receives grants from 1 organization whose IRS filings report $204,040 to it, the largest being MAYO CLINIC GROUP RETURN ($204,040). 1 of them have funded it in more than one year.

Revenue FY2025
$21M
Funders on record
1
Grants received
$204k
Net assets
$6.1M
1/1 repeat funderspeak grant-dependency 0%
01What it does

What Deaconess Specialty Physicians Inc does

Mission

To deliver health care and medical services to the public; to carry out scientific research and research projects in the public interest in the fields of medical sciences, medical economics, public health, sociology, and related areas; to improve and develop the capabilities of individuals and institutions studying, teaching, and practicing medicine and other health care occupations; to provide health care, medical services and health-related education for the benefit of the community in a systematic, integrated and coordinated fashion with the deaconess health system and deaconess hospital, inc. And their affiliates; to engage in the instruction of the general public in the area of medical science, public health, and hygiene and related instruction useful to the individual and beneficial to the community; to conduct other activities useful or appropriate to the accomplishment of the foregoing purposes or as otherwise permitted by law.

As stated on its FY2025 Form 990.

Program

  1. Deaconess specialty physicians (dsp) is a major source of medical service with the expertise of heart care. Deaconess specialty physicians employs 23 physicians, 23 mid-level providers, and 122 full-time nursing and administrative full-time equivalents. Deaconess specialty physicians serves a 25-county tristate area in southwestern indiana, western kentucky, and southeastern illinois. Dsp and its facilities have locations in evansville, newburgh, princeton, vincennes, and jasper in indiana. Dsp and its facilities also have locations in henderson and owensboro in kentucky, and rural underserved communities of carmi, eldorado, fairfield, mcleansboro, olney, and mt. Carmel in illinois. The locations served 189,933 patient visits from october 1, 2024 through september 30, 2025.

    $39,757,173 spent$21,313,286 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $39,757,173.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20202020 Revenue 100 ($16M) Expenses 100 ($30M) Net assets -105 ($-544363)2021 Revenue 111 ($18M) Expenses 99 ($30M) Net assets 100 ($517k)2022 Revenue 120 ($19M) Expenses 106 ($32M) Net assets -1628 ($-8421687)2023 Revenue 131 ($21M) Expenses 121 ($37M) Net assets 198 ($1.0M)2024 Revenue 130 ($21M) Expenses 130 ($39M) Net assets 736 ($3.8M)2025 Revenue 132 ($21M) Expenses 150 ($45M) Net assets 1181 ($6.1M)
202020212022202320242025
Revenue (132)Expenses (150)Net assets (1181)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $5.7M to $15M (+157%).

$7.2M
$8.4M
$5.7M
$15M
$19M
$19M
202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 3%. Grants only. Government contracts and fees sit inside program revenue.

0% of DEACONESS SPECIALTY PHYSICIANS INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (7% for the typical peer).

This organization
Typical peer · 4,743 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 6 reported years ran a deficit.

−$14M
’20
−$12M
’21
−$13M
’22
−$16M
’23
−$18M
’24
−$24M
’25

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Dr James Porter

Chairman

As listed on its FY2025 Form 990.

202020212022202320242025
Listed88991113
Joined·+1+1+1+4+4
No longer listed·10122
03Who funds it

Who funds it, year by year

2019 → 2023: the base held at 1 funder, grant income rose $29k → $56k.

Funder
'19
'20
'21
'22
'23
'24*
total
$204k
funders
1
1
1
1
1
1

From the IRS filings of DEACONESS SPECIALTY PHYSICIANS INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

DEACONESS SPECIALTY PHYSICIANS INC draws 100% of its grant income from funders outside Indiana, across 1 state in all.

MN

In-state vs out-of-state, by year

’19
’20
’21
’22
’23
Indiana out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

DEACONESS SPECIALTY PHYSICIANS INC's funding has concentrated — grant income rose while the number of funders held roughly flat.

Operating margin−112% · bottom quartile
Revenue growth (annualized)6% · below the median

this organization peer median middle 50% of peers· 2,843 health nonprofits $10M–$100M, FY2025

Organizations like DEACONESS SPECIALTY PHYSICIANS INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Indiana

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

88% of spending goes to programs.

Program 88%Management 12%Fundraising 0%

Governance

4
board members
0%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

IN

Part of a family of 33 related entities

  • Deaconess Memorial Medical Center Inc · exempt
  • Deaconess Women's Hospital of Southern Indiana LLC · exempt
  • Deaconess Union County Hospital Inc · exempt
  • Gibson General Hospital · exempt
  • Methodist Health Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for DEACONESS SPECIALTY PHYSICIANS INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds DEACONESS SPECIALTY PHYSICIANS INC?
DEACONESS SPECIALTY PHYSICIANS INC (Indiana) receives grants from 1 organization whose IRS filings report $204,040 to it, the largest being MAYO CLINIC GROUP RETURN ($204,040). 1 of them have funded it in more than one year.
How many funders does DEACONESS SPECIALTY PHYSICIANS INC have?
IRS filings report 1 organization giving $204,040 in grants to DEACONESS SPECIALTY PHYSICIANS INC, 1 of which have funded it in more than one year.
Who is the largest funder of DEACONESS SPECIALTY PHYSICIANS INC?
MAYO CLINIC GROUP RETURN is the largest funder on record, with $204,040 in grants. The full list of funders is on this page.
How can an organization like DEACONESS SPECIALTY PHYSICIANS INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Deaconess Specialty Physicians →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing