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Nonprofiteer
← UNIVERSITY OF MARYLAND PHYSICIANS PA

Form 990 for tax year 2022

Filed by UNIVERSITY OF MARYLAND PHYSICIANS PA.

Totals

Total revenue
$58,622,919
Total expenses
$55,964,802
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$58,546,087
Investment income
$76,832
Other revenue
$0
Total assets, end of year
$18,371,410
Total liabilities, end of year
$14,914,252
Net assets or fund balances, end of year
$3,457,158
Program services expenses (Part IX)
$49,406,002
Management and general expenses
$6,558,800
Fundraising expenses
$0
Program service expenses (Part III)
$49,406,002

Program services were 88.3% 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.

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $42,355,422 · related or exempt $42,355,422

  • 2b · Program service revenue: CONTRACT AND OTHER REVENUE

    total $16,190,665 · related or exempt $16,190,665

  • 3 · Investment income

    total $76,832 · excluded $76,832

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $469,494 · program services $469,494

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $19,430,799 · program services $16,016,417 · management and general $3,414,382

  • 8 · Pension plan contributions

    total $1,391,245 · program services $1,158,772 · management and general $232,473

  • 9 · Other employee benefits

    total $2,720,825 · program services $2,063,353 · management and general $657,472

  • 10 · Payroll taxes

    total $1,072,634 · program services $822,087 · management and general $250,547

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $9,378 · program services $6,565 · management and general $2,813

  • 11c · Fees: accounting

    total $40,738 · management and general $40,738

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,416,235 · program services $748,994 · management and general $667,241

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $580,860 · program services $326,258 · management and general $254,602

  • 14 · Information technology

    total $1,124,997 · program services $1,076,441 · management and general $48,556

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,750,420 · program services $1,226,655 · management and general $523,765

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $114,939 · program services $87,019 · management and general $27,920

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $4,858,542 · program services $4,858,542

  • 22 · Depreciation, depletion and amortization

    total $107,857 · program services $75,500 · management and general $32,357

  • 23 · Insurance

    total $3,161,769 · program services $3,110,809 · management and general $50,960

  • 24a · Other expenses: UNIVERSITY TRANSFERS

    total $11,500,000 · program services $11,500,000

  • 24b · Other expenses: DEPARTMENTAL DEVELOPMENT

    total $5,015,578 · program services $5,015,578

  • 24c · Other expenses: MEDICAL SUPPLIES

    total $840,553 · program services $840,553

  • 24d · Other expenses: EMPLOYEE RELATIONS

    total $214,615 · management and general $214,615

  • 24e · All other expenses

    total $143,324 · program services $2,965 · management and general $140,359

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,610,234 · end of year $6,116,433

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $3,972,425 · end of year $4,753,780

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,121 · end of year $36,120

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

    $3,521,301

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

    $3,062,305

  • 10c · Land, buildings and equipment, net

    beginning of year $219,262 · end of year $458,996

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,029,111 · end of year $7,006,081

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,301,351 · end of year $4,026,743

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,328,098 · end of year $2,587,240

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $7,436,663 · end of year $8,300,269

  • 27 · Net assets without donor restrictions

    beginning of year $799,041 · end of year $3,457,158

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE, MEDICAL SERVICES ARE RENDERED BY THE MEMBERS OF THE FACULTY ON BEHALF OF THE SCHOOL OF MEDICINE IN CONNECTION WITH THEIR DUTIES TO PROVIDE CLINICAL INSTRUCTION FOR MEDICAL STUDENTS AND OTHER TRAINEES AND TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR SERVICES.

Activities or mission (Part I)

SEE SCHEDULE O

  • UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE, MEDICAL SERVICES ARE RENDERED BY THE MEMBERS OF THE FACULTY ON BEHALF OF THE SCHOOL OF MEDICINE IN CONNECTION WITH THEIR DUTIES TO PROVIDE CLINICAL INSTRUCTION FOR MEDICAL STUDENTS AND OTHER TRAINEES AND TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR SERVICES.

    Expenses $49,406,002 · Revenue $58,546,087

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEPHEN N DAVIS MBBS

    PRESIDENT

    Total calculated
    $418,422
    From this org
    $380,088
    From related orgs
    $0
    Other
    $38,334
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $278,386
    Bonus
    $101,702
    Other
    $0
    Deferred
    $27,556
    Nontaxable benefits
    $10,778
    Filer's total
    $418,422

  • DANIEL WOLDE-RUFAEL MD

    ASSISTANT PROFESSOR

    Total calculated
    $286,989
    From this org
    $265,636
    From related orgs
    $0
    Other
    $21,353
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $260,760
    Bonus
    $4,876
    Other
    $0
    Deferred
    $19,259
    Nontaxable benefits
    $2,094
    Filer's total
    $286,989

  • ANUJ GUPTA MD

    ASSOCIATE PROFESSOR

    Total calculated
    $277,214
    From this org
    $253,974
    From related orgs
    $0
    Other
    $23,240
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,371
    Bonus
    $8,603
    Other
    $0
    Deferred
    $18,413
    Nontaxable benefits
    $4,827
    Filer's total
    $277,214

  • ROBERTO M BENITEZ MD

    PROFESSOR

    Total calculated
    $274,136
    From this org
    $250,695
    From related orgs
    $0
    Other
    $23,441
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,995
    Bonus
    $2,700
    Other
    $0
    Deferred
    $18,175
    Nontaxable benefits
    $5,266
    Filer's total
    $274,136

  • MELSJAN SHKULLAKU MD

    assistant professor

    Total calculated
    $237,956
    From this org
    $217,367
    From related orgs
    $0
    Other
    $20,589
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,471
    Bonus
    $102,896
    Other
    $0
    Deferred
    $15,759
    Nontaxable benefits
    $4,830
    Filer's total
    $237,956

  • RAYMOND CROSS MD

    PROFESSOR

    Total calculated
    $233,240
    From this org
    $213,986
    From related orgs
    $0
    Other
    $19,254
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,317
    Bonus
    $6,669
    Other
    $0
    Deferred
    $15,514
    Nontaxable benefits
    $3,740
    Filer's total
    $233,240

  • CARRIE WALLACE

    SECRETARY/TREASURER

    Total calculated
    $37,820
    From this org
    $32,789
    From related orgs
    $0
    Other
    $5,031
    Hours/week
    40

  • JEFFREY HASDAY MD

    DIRECTOR

    Total calculated
    $15,053
    From this org
    $10,380
    From related orgs
    $0
    Other
    $4,673
    Hours/week
    40

  • SHYAMASUNDARAN KOTTILIL MD

    DIRECTOR

    Total calculated
    $12,883
    From this org
    $8,200
    From related orgs
    $0
    Other
    $4,683
    Hours/week
    40

  • MATTHEW R WEIR MD

    DIRECTOR

    Total calculated
    $11,972
    From this org
    $7,918
    From related orgs
    $0
    Other
    $4,054
    Hours/week
    40

  • JUNG-SOO HONG MD

    VICE PRESIDENT

    Total calculated
    $11,870
    From this org
    $8,382
    From related orgs
    $0
    Other
    $3,488
    Hours/week
    40

  • JEFFREY FINK MD

    DIRECTOR

    Total calculated
    $10,475
    From this org
    $6,892
    From related orgs
    $0
    Other
    $3,583
    Hours/week
    40

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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6a · Pay contingent on this organization's net earnings
  • 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
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 6:
THE ORGANIZATION HAS VARIABLE COMPENSATION ARRANGEMENTS WHICH TAKE INTO CONSIDERATION REVENUES, NET EARNINGS, AND OTHER OPERATIONAL TARGETS, SOME OF WHICH ARE POSITION SPECIFIC AND OTHERS WHICH ARE ORGANIZATION WIDE.
SCHEDULE J, PART I, LINE 7:
THE ORGANIZATION HAS VARIABLE COMPENSATION ARRANGEMENTS WHICH TAKE INTO CONSIDERATION REVENUES, NET EARNINGS, AND OTHER OPERATIONAL TARGETS, SOME OF WHICH ARE POSITION SPECIFIC AND OTHERS WHICH ARE ORGANIZATION WIDE.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411369349314676

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