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Nonprofiteer
← PHYSICIAN HEALTH SERVICES INC

Form 990 for tax year 2024

Filed by PHYSICIAN HEALTH SERVICES INC.

Totals

Total revenue
$1,963,844
Total expenses
$1,966,848
Contributions and grants received
$1,757,421
Grants paid
$0
Program service revenue
$500
Investment income
$205,923
Other revenue
$0
Total assets, end of year
$3,308,026
Total liabilities, end of year
$153,443
Net assets or fund balances, end of year
$3,154,583
Program services expenses (Part IX)
$1,263,832
Management and general expenses
$532,689
Fundraising expenses
$170,327
Program service expenses (Part III)
$1,263,832

Program services were 64.3% 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.

  • 1d · Related organizations

    $408,000

  • 1e · Government grants (contributions)

    $250,000

  • 1f · All other contributions, gifts and grants

    $1,099,421

  • 2a · Program service revenue: EDUCATIONAL PRESENTATI

    total $500 · related or exempt $500

  • 3 · Investment income

    total $60,931 · excluded $60,931

  • 7a · Gross sales of assets other than inventory

    securities $400,000

  • 7b · Less cost or other basis and sales expenses

    securities $255,008

  • 7c · Gain or loss

    securities $144,992

  • 7d · Net gain or loss

    total $144,992 · excluded $144,992

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $546,289 · program services $124,975 · management and general $265,667 · fundraising $155,647

  • 7 · Other salaries and wages

    total $960,157 · program services $784,640 · management and general $167,260 · fundraising $8,257

  • 8 · Pension plan contributions

    total $65,168 · program services $53,256 · management and general $11,352 · fundraising $560

  • 9 · Other employee benefits

    total $170,516 · program services $137,713 · management and general $31,330 · fundraising $1,473

  • 10 · Payroll taxes

    total $76,360 · program services $62,401 · management and general $13,302 · fundraising $657

  • 11c · Fees: accounting

    total $21,600 · management and general $21,600

  • 11g · Fees: other

    total $27,320 · program services $25,911 · management and general $1,344 · fundraising $65

  • 13 · Office expenses

    total $8,799 · program services $6,971 · management and general $1,462 · fundraising $366

  • 14 · Information technology

    total $539 · program services $404 · management and general $108 · fundraising $27

  • 16 · Occupancy

    total $58,059 · program services $43,544 · management and general $11,612 · fundraising $2,903

  • 17 · Travel

    total $7,576 · program services $7,576

  • 19 · Conferences, conventions and meetings

    total $7,083 · program services $920 · management and general $6,163

  • 23 · Insurance

    total $6,374 · program services $4,780 · management and general $1,275 · fundraising $319

  • 24a · Other expenses: MISC OPERATING EXPENSES

    total $11,008 · program services $10,741 · management and general $214 · fundraising $53

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $635,229 · end of year $713,119

  • 3 · Pledges and grants receivable

    end of year $105,500

  • 4 · Accounts receivable

    beginning of year $5,000 · end of year $4,978

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,065 · end of year $7,004

  • 11 · Investments: publicly traded securities

    beginning of year $2,663,339 · end of year $2,477,425

  • 17 · Accounts payable and accrued expenses

    beginning of year $140,371 · end of year $153,443

  • 25 · Other liabilities

    beginning of year $17,838 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $3,149,424 · end of year $3,154,583

Mission and programs · 2024

Mission

TO PROVIDE OUTREACH SUPPORT AND MONITORING SERVICES TO MASSACHUSETTS PHYSICIANS WHO HAVE, OR ARE AT THE RISK OF HAVING HEALTH CARE PROBLEMS, PRIMARILY RELATING TO SUBSTANCE ABUSE AND MENTAL HEALTH DISORDERS.

Activities or mission (Part I)

SEE FORM 990, PART III LINE 1

  • PERSONALIZED ASSESSMENTS, CONSULTATIVE SUPPORT SERVICES AND MONITORING:PHYSICIANS AND MEDICAL STUDENTS HAVE BEEN HELPED THROUGH PERSONALIZED ASSESSMENTS, CONSULTATIVE SUPPORT SERVICES, AND BEHAVIORAL AND OCCUPATIONAL HEALTH MONITORING.

    Expenses $1,253,032

  • EDUCATIONAL SESSIONS, OUTREACH, AND WEBINARS:MORE THAN 2,000 MEDICAL PROFESSIONALS PARTICIPATED IN OVER 31 EDUCATIONAL AND OUTREACH EVENTS, WHICH INCLUDED FREE CME, AIMED AT ADDRESSING AND REDUCING PHYSICIAN STRESS AND BURNOUT. TOPICS COVERED INCLUDED PHYSICIAN WELLNESS, SUBSTANCE USE DISORDERS AMONG PHYSICIANS, AN INTRODUCTION TO PHS SERVICES, PHYSICIAN IMPAIRMENT, AND THE ROLE OF PHS IN SUPPORTING HEALTHCARE PROVIDER WELL-BEING.

    Expenses $10,800 · Revenue $500

As filed on the 2024 return.

Listed in Part VII

  • Lois Dehls Cornell Esq

    DIRECTOR

    Total calculated
    $753,972
    From this org
    $0
    From related orgs
    $686,768
    Other
    $67,204
    Hours/week
    0.4 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $574,594 related
    Bonus
    $0 + $84,101 related
    Other
    $0 + $28,073 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $32,704 related
    Filer's total
    $0 + $753,972 related

  • Patrick Aquino MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Ronald E Burt MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Deborah Demarco MD Facp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Margarita Alegria PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Glenn Pransky MD

    PRESIDENT/CHAIR

    Total calculated
    $0
    Hours/week
    0.4

  • Stephen Tosi MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Amanda Von Horn MD

    CLERK

    Total calculated
    $0
    Hours/week
    0.4

  • John Herman MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Susan L Montminy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Luke Sato MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Christine Bidonde

    TREASURER

    Total calculated
    $273,751
    From this org
    $0
    From related orgs
    $216,363
    Other
    $57,388
    Hours/week
    0.4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,891 related
    Bonus
    $0 + $2,700 related
    Other
    $0 + $772 related
    Deferred
    $0 + $20,736 related
    Nontaxable benefits
    $0 + $36,652 related
    Filer's total
    $0 + $273,751 related

  • Mark Albanese MD

    MEDICAL DIRECTOR

    Total calculated
    $294,302
    From this org
    $230,518
    From related orgs
    $0
    Other
    $63,784
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $228,529
    Bonus
    $200
    Other
    $1,789
    Deferred
    $23,033
    Nontaxable benefits
    $40,751
    Filer's total
    $294,302

  • Paul G Simeone PhD Ma

    EXECUTIVE DIRECTOR

    Total calculated
    $214,674
    From this org
    $174,790
    From related orgs
    $0
    Other
    $39,884
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,284
    Bonus
    $200
    Other
    $1,306
    Deferred
    $12,200
    Nontaxable benefits
    $27,684
    Filer's total
    $214,674

  • Ashley M Capdeville

    CLINICAL COORDINATOR

    Total calculated
    $124,845
    From this org
    $102,653
    From related orgs
    $0
    Other
    $22,192
    Hours/week
    40

  • Debra A Grossbaum

    GENERAL COUNSEL; FORMER CLERK

    Total calculated
    $170,139
    From this org
    $121,920
    From related orgs
    $0
    Other
    $48,219
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $118,282
    Bonus
    $2,700
    Other
    $938
    Deferred
    $15,515
    Nontaxable benefits
    $32,704
    Filer's total
    $170,139

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
PHYSICIAN HEALTH SERVICES PROVIDED PAYMENTS FOR BONUSES.

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.

  • PHYSICIANS INSURANCE AGENCY OF MASSACHUSETTS

    C · INSURANCE · MA

    Directly controlled by MASSACHUSETTS MEDICAL SOCIETY

Provenance

Return type
form_990
Tax year
2024
Filed
15 April 2026
IRS schema version
2024v5.5
Source object
202601059349301310

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