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← MEDSTAR AMBULATORY SERVICES INC

Form 990 for tax year 2023

Filed by MEDSTAR AMBULATORY SERVICES INC.

Totals

Total revenue
$23,741,513
Total expenses
$44,506,927
Contributions and grants received
$5,390
Grants paid
$0
Program service revenue
$20,454,912
Investment income
$26,333
Other revenue
$3,254,878
Total assets, end of year
$163,538,532
Total liabilities, end of year
$55,450,152
Net assets or fund balances, end of year
$108,088,380
Program services expenses (Part IX)
$17,267,166
Management and general expenses
$27,239,761
Fundraising expenses
$0
Program service expenses (Part III)
$17,267,166

Program services were 38.8% 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

    $5,390

  • 2a · Program service revenue: NET PATIENT SERVICE RE

    total $12,381,389 · related or exempt $12,381,389

  • 2b · Program service revenue: RENTAL INCOME

    total $4,842,111 · related or exempt $4,842,111

  • 2c · Program service revenue: SESSION REVENUE

    total $3,231,412 · related or exempt $3,231,412

  • 3 · Investment income

    total $24,530 · excluded $24,530

  • 7a · Gross sales of assets other than inventory

    securities $1,803

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

    securities $0

  • 7c · Gain or loss

    securities $1,803

  • 7d · Net gain or loss

    total $1,803 · excluded $1,803

  • 11a · Other revenue: REIMBURSED COST

    total $1,266,419 · excluded $1,266,419

  • 11b · Other revenue: REBATE INCOME

    total $162,449 · excluded $162,449

  • 11d · All other revenue

    total $1,826,010 · excluded $1,826,010

  • 11e · Other revenue, total

    $3,254,878

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $891,354 · program services $499,395 · management and general $391,959

  • 6 · Compensation of disqualified persons

    total $387,919 · program services $221,929 · management and general $165,990

  • 7 · Other salaries and wages

    total $8,554,206 · program services $4,893,871 · management and general $3,660,335

  • 8 · Pension plan contributions

    total $248,959 · program services $37,205 · management and general $211,754

  • 9 · Other employee benefits

    total $4,471,889 · program services $1,162,188 · management and general $3,309,701

  • 10 · Payroll taxes

    total $1,978,586 · program services $516,259 · management and general $1,462,327

  • 11a · Fees: management

    total $8,047,453 · program services $501,243 · management and general $7,546,210

  • 11c · Fees: accounting

    total -$7,528 · management and general -$7,528

  • 11g · Fees: other

    total $2,628,693 · program services $913,720 · management and general $1,714,973

  • 12 · Advertising and promotion

    total $769,649 · management and general $769,649

  • 13 · Office expenses

    total -$21,792,374 · program services $2,380,650 · management and general -$24,173,024

  • 16 · Occupancy

    total $18,653,914 · management and general $18,653,914

  • 17 · Travel

    total $791,781 · program services $167,159 · management and general $624,622

  • 19 · Conferences, conventions and meetings

    total $10,000 · management and general $10,000

  • 20 · Interest

    total $2,833,883 · program services -$829 · management and general $2,834,712

  • 22 · Depreciation, depletion and amortization

    total $7,152,573 · program services $342,810 · management and general $6,809,763

  • 23 · Insurance

    total $88,617 · program services $34,062 · management and general $54,555

  • 24a · Other expenses: MED/SURG SUPPLIES

    total $4,304,770 · program services $4,218,130 · management and general $86,640

  • 24b · Other expenses: UTILITIES

    total $2,681,613 · program services $90,093 · management and general $2,591,520

  • 24c · Other expenses: MAINTENANCE

    total $692,292 · program services $700,485 · management and general -$8,193

  • 24d · Other expenses: IMPLANTS/PROSTHESES

    total $302,520 · program services $302,520

  • 24e · All other expenses

    total $816,158 · program services $286,276 · management and general $529,882

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,100 · end of year $2,100

  • 4 · Accounts receivable

    beginning of year $9,174,365 · end of year $5,491,165

  • 8 · Inventories for sale or use

    beginning of year $1,081,662 · end of year $1,175,892

  • 9 · Prepaid expenses and deferred charges

    beginning of year $601,800 · end of year $730,030

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

    $136,494,983

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

    $68,935,056

  • 10c · Land, buildings and equipment, net

    beginning of year $58,462,797 · end of year $67,559,927

  • 13 · Investments: program-related

    beginning of year $45,621,158 · end of year $47,257,000

  • 14 · Intangible assets

    beginning of year $738,270 · end of year $720,558

  • 15 · Other assets

    beginning of year $50,855,354 · end of year $40,601,860

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,538,605 · end of year $4,626,863

  • 19 · Deferred revenue

    beginning of year $194,459 · end of year $383,227

  • 23 · Secured mortgages and notes payable

    beginning of year $295,109 · end of year $337,224

  • 25 · Other liabilities

    beginning of year $61,747,603 · end of year $50,102,838

  • 27 · Net assets without donor restrictions

    beginning of year $99,692,264 · end of year $108,021,555

  • 28 · Net assets with donor restrictions

    beginning of year $69,466 · end of year $66,825

Mission and programs · 2023

Mission

MEDSTAR AMBULATORY SERVICES, INC. (FKA BAY DEVELOPMENT CORPORATION) IS OPERATED FOR THE PURPOSE OF SUPPORTING AND ENCOURAGING QUALITY HEALTH CARE AND RELATED SERVICES TO THE COMMUNITY.

Activities or mission (Part I)

SEE SCHEDULE OMEDSTAR AMBULATORY SERVICES, INC. IS OPERATED FOR THE PURPOSE OF SUPPORTING AND ENCOURAGING QUALITY HEALTH CARE AND RELATED SERVICES TO THE COMMUNITY.

  • MEDSTAR AMBULATORY SERVICES, INC. (FKA BAY DEVELOPMENT CORPORATION) IS OPERATED FOR THE PURPOSE OF SUPPORTING AND ENCOURAGING QUALITY HEALTH CARE AND RELATED SERVICES TO THE COMMUNITY. IN ADDITION, THE CORPORATION OWNS AND LEASES SEVERAL BUILDINGS WHICH BENEFIT THE MEDICAL COMMUNITY ASSOCIATED WITH MEDSTAR HEALTH. THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES.

    Expenses $17,267,166 · Revenue $20,454,912

As filed on the 2023 return.

Listed in Part VII

  • M Joy Drass MD

    DIRECTOR

    Total calculated
    $4,397,519
    From this org
    $0
    From related orgs
    $4,328,131
    Other
    $69,388
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,560,255 related
    Bonus
    $0 + $1,752,876 related
    Other
    $0 + $1,015,000 related
    Deferred
    $0 + $41,656 related
    Nontaxable benefits
    $0 + $27,732 related
    Filer's total
    $0 + $4,397,519 related

  • Art K Sivaslian

    PRESIDENT

    Total calculated
    $891,354
    From this org
    $857,565
    From related orgs
    $0
    Other
    $33,789
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $500,894
    Bonus
    $356,671
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $33,789
    Filer's total
    $891,354

  • Mark Meginnis

    VICE PRESIDENT/TREASURER

    Total calculated
    $534,425
    From this org
    $0
    From related orgs
    $508,338
    Other
    $26,087
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $341,147 related
    Bonus
    $0 + $167,191 related
    Other
    $0
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $16,937 related
    Filer's total
    $0 + $534,425 related

  • Roderick T Chen

    SECRETARY

    Total calculated
    $528,834
    From this org
    $0
    From related orgs
    $496,278
    Other
    $32,556
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $324,091 related
    Bonus
    $0 + $172,187 related
    Other
    $0
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $23,406 related
    Filer's total
    $0 + $528,834 related

  • Brian Fisher

    DIRECTOR OF FINANCIAL SERV

    Total calculated
    $229,856
    From this org
    $200,694
    From related orgs
    $0
    Other
    $29,162
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,462
    Bonus
    $17,232
    Other
    $0
    Deferred
    $11,452
    Nontaxable benefits
    $17,710
    Filer's total
    $229,856

  • Debora Purvis

    AVP SURGICAL SERVICES

    Total calculated
    $253,429
    From this org
    $227,976
    From related orgs
    $0
    Other
    $25,453
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,726
    Bonus
    $32,250
    Other
    $0
    Deferred
    $3,211
    Nontaxable benefits
    $22,242
    Filer's total
    $253,429

  • Andrew Canning

    ASSISTANT VP, OPERATIONS

    Total calculated
    $247,510
    From this org
    $231,872
    From related orgs
    $0
    Other
    $15,638
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,010
    Bonus
    $29,862
    Other
    $0
    Deferred
    $5,774
    Nontaxable benefits
    $9,864
    Filer's total
    $247,510

  • Saumil Modi

    ASSISTANT VP, OPERATIONS

    Total calculated
    $222,415
    From this org
    $201,775
    From related orgs
    $0
    Other
    $20,640
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,904
    Bonus
    $25,871
    Other
    $0
    Deferred
    $4,893
    Nontaxable benefits
    $15,747
    Filer's total
    $222,415

  • Theresa Scolaro

    AVP PT EXPER & ASSOC COMM

    Total calculated
    $213,977
    From this org
    $186,943
    From related orgs
    $0
    Other
    $27,034
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,995
    Bonus
    $20,948
    Other
    $0
    Deferred
    $4,550
    Nontaxable benefits
    $22,484
    Filer's total
    $213,977

  • Robert Gilbert

    FORMER PRESIDENT

    Total calculated
    $387,919
    From this org
    $387,919
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $11,865
    Bonus
    $0
    Other
    $376,054
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $387,919

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART III:
DETAILED BELOW ARE SEVERAL ONE-TIME PAYMENTS TO CERTAIN EXECUTIVES RELATED TO VARIOUS RETIREMENT, RETENTION AND LONG-TERM INCENTIVE PLANS. THESE PLANS AND PAYMENTS ARE NOT A ROUTINE PART OF THE TYPICAL MEDSTAR EXECUTIVE COMPENSATION PROGRAM, AND SUPPORTED IMPORTANT OBJECTIVES OF OUR ORGANIZATION. ROBERT GILBERT'S OTHER REPORTABLE COMPENSATION IN PART II, COLUMN (B) (III) INCLUDES $376,054 REPRESENTING SEVERANCE PAYMENTS RECEIVED BY MR. GILBERT. JOY DRASS' OTHER REPORTABLE COMPENSATION IN PART II, COLUMN (B)(III) INCLUDES $1,015,000 REPRESENTING A LONG-TERM RETENTION ARRANGEMENT. MARK MEGINNIS' COMPENSATION IS FOR SERVICES PROVIDED AS CFO TO MEDSTAR NATIONAL REHABILITATION HOSPITAL, MEDSTAR URGENT CARE, AND NUMEROUS MEDSTAR HEALTH AMBULATORY BUSINESSES.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MEDSTAR SURGERY CENTER AT LAFAYETTE LLC

    SURGERY · DC · income $12,415,482 · assets $3,713,452

    Directly controlled by MAS

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MEDSTAR SHAH MSO LLC

    N/A · MGMT SVCS · MD

  • 22590 SHADY COURT LLC

    RELATED · REAL ESTATE · MD · 50% owned · share of income $257,619 · share of assets $2,956,524 · general or managing partner

    Directly controlled by AMBULATORY SVCS

  • 24035 THREE NOTCH ROAD LLC

    RELATED · REAL ESTATE · MD · 50% owned · share of income $580,239 · share of assets $6,838,299 · general or managing partner

    Directly controlled by AMBULATORY SVCS

  • 37767 MARKET DRIVE LLC

    RELATED · REAL ESTATE · MD · 50% owned · share of income $150,400 · share of assets $1,483,369 · general or managing partner

    Directly controlled by AMBULATORY SVCS

  • 26840 POINT LOOKOUT ROAD LLC

    RELATED · REAL ESTATE · MD · 50% owned · share of income $52,310 · share of assets $597,675 · general or managing partner

    Directly controlled by AMBULATORY SVCS

  • MONTGOMERY COMMUNITY MRI LP

    N/A · MRI SCREENING · MD

  • PHYSIOTHERAPY ASSOCIATES NRH REHAB LLC

    N/A · PHYSIOTHERAPY · PA

  • PHYSICIAN IMAGING OF WASHINGTON HOSPITAL CENTER LLC

    RELATED · RADIOLOGY SVC · TN · 80% owned · share of income $3,239,587 · share of assets $20,640,568 · general or managing partner

    Directly controlled by AMBULATORY SVCS

  • FRANKLIN IMAGING LLC

    N/A · IMAGING · MD

  • 10 ST PATRICK'S DRIVE LLC

    RELATED · REAL ESTATE · MD · 50% owned · share of income -$18,158 · share of assets $2,668,151 · general or managing partner

    Directly controlled by AMBULATORY SVCS

  • MEDSTAR ENDOSCOPY CTR AT LUTHERVILLELLC

    RELATED · SURGERY · MD · 60.96% owned · share of income $518,456 · share of assets $1,265,199 · general or managing partner

    Directly controlled by AMBULATORY SVCS

  • CAPITAL ENDOSCOPY LLC

    RELATED · SURGERY · MD · 59.42% owned · share of income $1,143,779 · share of assets $409,426 · general or managing partner

    Directly controlled by AMBULATORY SVCS

  • 4240 ALTAMONT PLACE LLC

    RELATED · REAL ESTATE · MD · 50% owned · share of income $61,253 · share of assets $1,301,056 · general or managing partner

    Directly controlled by AMBULATORY SVCS

  • MEDSTAR ENDOSCOPY CENTER-SILVER SPRING LLC

    RELATED · SURGERY · MD · 51% owned · share of income $110,447 · share of assets $167,421 · general or managing partner

    Directly controlled by AMBULATORY SVCS

  • MEDSTAR SURGERY CENTER 1 LLC

    RELATED · SURGERY · MD · 69% owned · share of assets $4,065,283

    Directly controlled by AMBULATORY SVCS

  • MEDSTAR SURGERY CENTER AT BRANDYWINE LLC

    RELATED · SURGERY · MD · 51% owned · share of income $1,046,414 · share of assets $904,988

    Directly controlled by AMBULATORY SVCS

  • MEDSTAR SURGERY CENTER AT TIMONIUM LLC

    RELATED · SURGERY · MD · 51% owned · share of income $2,115,607 · share of assets $784,873

    Directly controlled by AMBULATORY SVCS

Related corporations and trusts

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

  • MEDSTAR PHARMACIES INC

    C · DRUG SALES · MD

  • EXTENCARE INC

    C · MEDICAL SERVICE · MD

  • HELIX RESOURCES MANAGEMENT INC

    C · ADMIN SERVICE · MD

  • HELIXCARE PROPERTIES LLC

    C · MEDICAL SERVICE · MD

  • PARKWAY VENTURES INC

    C · HOLDING COMPANY · MD

  • PHYSICIANS ADMINISTRATIVE SERVICES INC

    C · BILLING SERVICE · MD

  • MEDSTAR FAMILY CHOICE INC

    C · MANAGED CARE · MD

  • MEDSTAR ENTERPRISES INC

    C · ADMIN SERVICE · MD

  • SITEL INC

    C · EDUCATIONAL SVC · MD

  • STAR BILLING INC

    C · BILLING SERVICE · MD

  • WASHINGTON RISK NETWORK MANAGEMENT INC

    C · MEDICAL SERVICE · MD

  • WASHINGTON HOSPITAL CENTER PHYSICIAN HOS

    C · MEDICAL SERVICE · DC

  • MEDSTAR PHYSICIAN PARTNERS INC

    C · MEDICAL SERVICE · MD

  • FRANKLIN SQUARE DRIVE LAND CONDO ASSOCIA

    C · CONDO OWNER ASSOC · MD

  • MGH DIVERSIFIED SERVICES INC

    C · MEDICAL SERVICE · MD

  • ST MARY'S HEALTH ALLIANCE INC

    C · MEDICAL SERVICE · MD

  • GREENSPRING FINANCIAL INSURANCE LIMITED

    C · INSURANCE · CJ

  • ST MARY'S CONDO ASSOCIATION

    C · CONDOMINIUMS · MD

  • MEDSTAR HEALTH INC - INVESTMENT FUND I

    C · INVESTMENTS · CJ

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202521299349302637

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