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Nonprofiteer
← FREDERICK HEALTH MEDICAL GROUP LLC

Form 990 for tax year 2023

Filed by FREDERICK HEALTH MEDICAL GROUP LLC.

Totals

Total revenue
$122,915,606
Total expenses
$145,173,770
Contributions and grants received
$7,824
Grants paid
$0
Program service revenue
$122,907,782
Investment income
$0
Other revenue
$0
Total assets, end of year
$36,813,616
Total liabilities, end of year
$36,813,616
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$138,219,920
Management and general expenses
$6,953,850
Fundraising expenses
$0
Program service expenses (Part III)
$138,219,920

Program services were 95.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $7,824

  • 2a · Program service revenue: OUTPATIENT SERVICES

    total $107,792,088 · related or exempt $107,792,088

  • 2b · Program service revenue: ALL OTHER PROGRAM SERV

    total $15,115,694 · related or exempt $15,115,694

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $603,517 · management and general $603,517

  • 7 · Other salaries and wages

    total $61,412,205 · program services $59,027,207 · management and general $2,384,998

  • 8 · Pension plan contributions

    total $1,710,357 · program services $1,583,963 · management and general $126,394

  • 9 · Other employee benefits

    total $4,522,907 · program services $4,059,384 · management and general $463,523

  • 10 · Payroll taxes

    total $3,588,261 · program services $3,381,174 · management and general $207,087

  • 11g · Fees: other

    total $9,485,611 · program services $6,379,104 · management and general $3,106,507 · fundraising $0

  • 12 · Advertising and promotion

    total $149 · program services $149

  • 13 · Office expenses

    total $307,131 · program services $291,932 · management and general $15,199

  • 14 · Information technology

    total $60,828 · program services $53,677 · management and general $7,151

  • 16 · Occupancy

    total $3,984,440 · program services $3,944,092 · management and general $40,348

  • 19 · Conferences, conventions and meetings

    total $221,540 · program services $221,540

  • 22 · Depreciation, depletion and amortization

    total $497,792 · program services $488,860 · management and general $8,932

  • 23 · Insurance

    total $1,449,733 · program services $1,449,733

  • 24a · Other expenses: IT - NEXTGEN SOFTWARE

    total $163 · management and general $163

  • 24b · Other expenses: SUPPLIES AND COGS

    total $57,329,136 · program services $57,339,105 · management and general -$9,969

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,182,016 · end of year $0

  • 4 · Accounts receivable

    beginning of year $13,269,847 · end of year $23,990,502

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $2,523,394 · end of year $4,188,465

  • 9 · Prepaid expenses and deferred charges

    beginning of year $161,782 · end of year $78,195

  • 10a · Land, buildings and equipment: cost or other basis

    $7,824,654

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,509,054

  • 10c · Land, buildings and equipment, net

    beginning of year $1,819,068 · end of year $1,315,600

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $7,782,942 · end of year $7,240,854

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,834,411 · end of year $6,934,821

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $19,867,355 · end of year $29,878,795

  • 31 · Retained earnings, endowment or other funds

    beginning of year $37,283 · end of year $0

Mission and programs · 2023

Mission

To positively impact the well-being of every individual in our community.

  • EMPLOYED PHYSICIAN PRACTICES: PRACTICES INCLUDE CENTER FOR BREAST CARE, CENTER FOR CHEST DISEASE, UROLOGY, BEHAVIORAL HEALTH, ENDOCRINE AND THYROID, IMMEDIATE CARE, INTERNAL MEDICINE, WOUND AND HYPERBARIC, ONCOLOGY, ORTHOPEDICS, PAIN, SURGERY, SURGICALISTS, SLEEP, PULMONARY, DIABETES, CARE CLINIC AND PRIMARY CARE. PATIENT VISITS IN THESE PRACTICES WERE 308,000 FOR THE YEAR. In addition to the program services expense listed here, FHMG incurred $7.0 million in general and administrative expenses in meeting the needs of our primary service area.

    Expenses $81,556,701 · Revenue $65,187,665

  • CHEMOTHERAPY PROGRAM IS PART OF AN INTEGRATED, MULTIDISCIPLINARY, PATIENT CENTERED CANCER CARE FOR PATIENTS WITH MALIGNANCIES, REGARDLESS OF ABILITY TO PAY. FOR THOSE WITH ADDITIONAL FINANCIAL NEED, FINANCIAL COUNSELORS AND A PATIENT ASSISTANCE FUND IS AVAILABLE. THE PROGRAM TREATS APPROXIMATELY 800 NEWLY DIAGNOSED CANCERS PER YEAR AND ALSO HAS A COMMUNITY OUTREACH PROGRAM THAT INCLUDES EDUCATION AND SCREENING. THE CANCER CARE PROGRAM IS ACCREDITED BY THE AMERICAN COLLEGE OF SURGEONS COMMISSION ON CANCER. In addition to the program services expense listed here, FHMG incurred $7.0 million in general and administrative expenses in meeting the needs of our primary service area.

    Expenses $55,825,861 · Revenue $57,368,480

  • OPERATES A DENTAL CLINIC WITH FOCUS ON PRIMARY CARE TO ADDRESS COMMUNITY NEED AND FOR THE REDUCTION OF EMERGENCY ROOM VISITS. DURING THE FISCAL YEAR THE DENTAL CLINIC HAD 1,707 PATIENT VISITS. In addition to the program services expense listed here, FHMG incurred $7.0 million in general and administrative expenses in meeting the needs of our primary service area.

    Expenses $563,182 · Revenue $351,637

  • Other program services revenue and expenses associated with Physician Practice support activities.

    Expenses $274,176

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Patricia Hanberry

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Thomas A Kleinhanzl

    President & CEO FHH

    Total calculated
    $1,591,780
    From this org
    $0
    From related orgs
    $1,211,984
    Other
    $379,796
    Hours/week
    6 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $935,282 related
    Bonus
    $0 + $273,348 related
    Other
    $0 + $3,354 related
    Deferred
    $0 + $363,879 related
    Nontaxable benefits
    $0 + $15,917 related
    Filer's total
    $0 + $1,591,780 related

  • Arthur Sagoskin MD

    Director

    Total calculated
    $0
    Hours/week
    2

  • Gnanaraj J Koilpillai

    DIRECTOR/PHYSICIAN

    Total calculated
    $374,310
    From this org
    $342,204
    From related orgs
    $0
    Other
    $32,106
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $297,833
    Bonus
    $43,819
    Other
    $552
    Deferred
    $15,117
    Nontaxable benefits
    $16,989
    Filer's total
    $374,310

  • Ingrid Halverson PA

    Director start 7/23

    Total calculated
    $0
    Hours/week
    2

  • Jason Lee

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mihir M Jani

    DIRECTOR/PHYSICIAN

    Total calculated
    $603,517
    From this org
    $571,100
    From related orgs
    $0
    Other
    $32,417
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $489,655
    Bonus
    $80,893
    Other
    $552
    Deferred
    $16,500
    Nontaxable benefits
    $15,917
    Filer's total
    $603,517

  • Hannah R Jacobs

    Sr. VP & CFO

    Total calculated
    $551,650
    From this org
    $0
    From related orgs
    $482,490
    Other
    $69,160
    Hours/week
    2 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $403,189 related
    Bonus
    $0 + $77,507 related
    Other
    $0 + $1,794 related
    Deferred
    $0 + $55,960 related
    Nontaxable benefits
    $0 + $13,200 related
    Filer's total
    $0 + $551,650 related

  • Judd M Goldberg MD

    PHYSICIAN

    Total calculated
    $946,202
    From this org
    $930,285
    From related orgs
    $0
    Other
    $15,917
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $682,113
    Bonus
    $247,932
    Other
    $240
    Deferred
    $0
    Nontaxable benefits
    $15,917
    Filer's total
    $946,202

  • Marsha Naydich MD

    PHYSICIAN

    Total calculated
    $995,468
    From this org
    $995,468
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $595,000
    Bonus
    $400,108
    Other
    $360
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $995,468

  • Maurice A Smith

    PHYSICIAN

    Total calculated
    $678,447
    From this org
    $648,104
    From related orgs
    $0
    Other
    $30,343
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $582,982
    Bonus
    $64,762
    Other
    $360
    Deferred
    $13,572
    Nontaxable benefits
    $16,771
    Filer's total
    $678,447

  • Rizwana Afzal MD

    PHYSICIAN

    Total calculated
    $1,489,866
    From this org
    $1,472,877
    From related orgs
    $0
    Other
    $16,989
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $796,957
    Bonus
    $674,888
    Other
    $1,032
    Deferred
    $0
    Nontaxable benefits
    $16,989
    Filer's total
    $1,489,866

  • Saro Sarkisian

    PHYSICIAN

    Total calculated
    $688,246
    From this org
    $654,757
    From related orgs
    $0
    Other
    $33,489
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $380,567
    Bonus
    $273,974
    Other
    $216
    Deferred
    $16,500
    Nontaxable benefits
    $16,989
    Filer's total
    $688,246

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE EXECUTIVE COMPENSATION PROGRAM IS DESIGNED TO CARRY OUT THE HEALTH SYSTEM MISSION, TO ACHIEVE THE CHARITABLE PURPOSE, TO ATTRACT, RETAIN, MOTIVATE AND REWARD EXECUTIVE MANAGEMENT, AND TO MAINTAIN A COMPETITIVE POSITION WITH PEER ORGANIZATIONS IN THE REGION. OVERSIGHT OF THE EXECUTIVE COMPENSATION PROGRAM IS PROVIDED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD, COMPOSED OF THE BOARD CHAIRMAN, VICE CHAIRMAN, IMMEDIATE PRECEDING CHAIRMAN, CHAIRMAN OF THE FINANCE COMMITTEE AND THE CHAIRMAN OF THE GOVERNANCE COMMITTEE. IN ADDITION TO THE BOARD'S COMPENSATION COMMITTEE, WE UTILIZED AN EXTERNAL INDEPENDENT CONSULTANT AND MARKET SURVEYS FOR ALL EXECUTIVE MANAGEMENT COMPENSATION. THE PRESIDENT AND CEO HAS A WRITTEN EMPLOYMENT CONTRACT.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
FREDERICK HEALTH HOSPITAL HAS ONE 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN MEMBERS OF SENIOR MANAGEMENT. UNDER THE PLAN, THEY MAY CONTRIBUTE AMOUNTS FROM THEIR COMPENSATION TO THE PLAN AND MAY RECEIVE A DISCRETIONARY EMPLOYER CONTRIBUTION. EMPLOYEES ARE FULLY VESTED IN ALL EMPLOYEE CONTRIBUTIONS TO THE PLAN. VESTING IN EMPLOYER CONTRIBUTIONS OCCURS IN ACCORDANCE WITH THE UNDERLYING PLAN DOCUMENTS. ALL ASSETS OF THE PLAN ARE HELD IN A SEPARATE TRUST. TOTAL HOSPITAL CONTRIBUTIONS TO THIS PLAN WERE AS FOLLOWS: THOMAS A. KLEINHANZL $324,879 Hannah Jacobs - $40,658

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Frederick Health Services Corporation

    C Corporation · Health Care · MD · controlled entity

    Directly controlled by NA

  • Monocacy Insurance LTD

    C Corporation · SELF INSURANCE · CJ · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501349349304230

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