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Nonprofiteer
← COASTAL MEDICAL PHYSICIANS INC

Form 990 for tax year 2022

Filed by COASTAL MEDICAL PHYSICIANS INC.

Totals

Total revenue
$76,308,215
Total expenses
$82,094,735
Contributions and grants received
$246,609
Grants paid
$0
Program service revenue
$75,885,303
Investment income
-$28,534
Other revenue
$204,837
Total assets, end of year
$30,503,726
Total liabilities, end of year
$33,811,138
Net assets or fund balances, end of year
-$3,307,412
Program services expenses (Part IX)
$48,909,146
Management and general expenses
$33,185,589
Fundraising expenses
$0
Program service expenses (Part III)
$48,909,146

Program services were 59.6% 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.

  • 1e · Government grants (contributions)

    $246,609

  • 2a · Program service revenue: ER Initiative Revenue

    total $99,996 · related or exempt $99,996

  • 2b · Program service revenue: Patient Service Revenue

    total $48,858,749 · related or exempt $48,858,749

  • 2c · Program service revenue: Provider Relief Funds

    total $729,752 · related or exempt $729,752

  • 2d · Program service revenue: Value-Based Revenue

    total $26,196,806 · related or exempt $26,196,806

  • 3 · Investment income

    total $0

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

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

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

    other assets $28,534

  • 7c · Gain or loss

    other assets -$28,534

  • 7d · Net gain or loss

    total -$28,534 · excluded -$28,534

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Consulting Revenue

    total $24,310 · excluded $24,310

  • 11b · Other revenue: Other Income

    total $150,527 · excluded $150,527

  • 11c · Other revenue: Pharmacy Revenue

    total $30,000 · excluded $30,000

  • 11e · Other revenue, total

    $204,837

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 $2,831,442 · program services $1,476,993 · management and general $1,354,449

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $52,163,638 · program services $32,771,216 · management and general $19,392,422

  • 8 · Pension plan contributions

    total $2,404,678 · program services $1,704,498 · management and general $700,180

  • 9 · Other employee benefits

    total $6,528,742 · program services $3,665,000 · management and general $2,863,742

  • 10 · Payroll taxes

    total $4,025,416 · program services $2,604,255 · management and general $1,421,161

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total -$235 · management and general -$235

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $597,816 · program services $355,549 · management and general $242,267

  • 12 · Advertising and promotion

    total $3,104 · management and general $3,104

  • 13 · Office expenses

    total $167,947 · program services $27,907 · management and general $140,040

  • 14 · Information technology

    total $2,187,630 · program services $1,333,949 · management and general $853,681

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $5,011,966 · program services $592,129 · management and general $4,419,837

  • 17 · Travel

    total $606,401 · program services $600,657 · management and general $5,744

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $2,267 · management and general $2,267

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $176,416 · management and general $176,416

  • 23 · Insurance

    total $790,256 · management and general $790,256

  • 24a · Other expenses: Medical & Surgical Supplies

    total $1,685,885 · program services $1,685,885

  • 24b · Other expenses: Management Fee

    total $300,000 · management and general $300,000

  • 24c · Other expenses: Dues & Memberships

    total $279,868 · program services $139,934 · management and general $139,934

  • 24d · Other expenses: Miscellaneous expense

    total $257,563 · program services $128,782 · management and general $128,781

  • 24e · All other expenses

    total $2,073,935 · program services $1,822,392 · management and general $251,543

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $796,706 · end of year $965,271

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $18,005,572 · end of year $18,813,924

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $390,060 · end of year $289,532

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

    $1,778,262

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

    $372,335

  • 10c · Land, buildings and equipment, net

    beginning of year $1,491,969 · end of year $1,405,927

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    beginning of year $12,856 · end of year $10,101

  • 15 · Other assets

    beginning of year $9,048,624 · end of year $9,018,971

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,020,165 · end of year $9,163,822

  • 19 · Deferred revenue

    beginning of year $271,729 · end of year $2,291,825

  • 25 · Other liabilities

    beginning of year $17,531,549 · end of year $22,355,491

  • 27 · Net assets without donor restrictions

    beginning of year $2,301,413 · end of year -$3,534,015

  • 28 · Net assets with donor restrictions

    beginning of year $620,931 · end of year $226,603

Mission and programs · 2022

Mission

CMPI was organized to provide accountable patient-centered, high quality, efficient, value-based and innovative care to serve the health needs of the communities in Rhode Island and elsewhere. (see Schedule O)

  • Coastal Medical Physicians, Inc. (CMPI) is a primary care driven practice serving 165,000 patients with a team of over 150 providers & clinicians located in 25 medical offices across Rhode Island. CMPI supports the three-part aim of better care, better health, and lower cost. CMPI is committed to providing outstanding care to its patients by offering 365-day access to sick visits, developing chronic care management programs for its sickest patients, and building care teams that support its providers in delivering high-quality care. CMPI fosters a culture of teamwork, innovation, and shared learning that inspires its employees to continuously improve the care provided and the services offered to patients. CMPI offers cardiology, pulmonology, behavioral health, and musculoskeletal health services. CMPI also provides laboratory services to CMPI patients and the community.

    Expenses $48,909,146 · Revenue $75,885,303

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

Listed in Part VII

  • Timothy J Babineau

    Fmr. Chair

    Total calculated
    $6,836,842
    From this org
    $0
    From related orgs
    $6,453,503
    Other
    $383,339
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported + $1,010,777 related
    Bonus
    not reported + $3,000,000 related
    Other
    not reported + $2,442,726 related
    Deferred
    not reported + $358,564 related
    Nontaxable benefits
    not reported + $24,775 related
    Filer's total
    not reported + $6,836,842 related

  • David A Kirshner

    Treas. 11/22

    Total calculated
    $877,827
    From this org
    $0
    From related orgs
    $857,218
    Other
    $20,609
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported + $662,492 related
    Bonus
    not reported
    Other
    not reported + $194,726 related
    Deferred
    not reported + $12,141 related
    Nontaxable benefits
    not reported + $8,468 related
    Filer's total
    not reported + $877,827 related

  • Dean G Roye MD

    Secretary

    Total calculated
    $711,685
    From this org
    $0
    From related orgs
    $582,160
    Other
    $129,525
    Hours/week
    0.25 + 39.75 related

    Schedule J breakdown matched by us

    Base
    not reported + $479,223 related
    Bonus
    not reported
    Other
    not reported + $102,937 related
    Deferred
    not reported + $96,035 related
    Nontaxable benefits
    not reported + $33,490 related
    Filer's total
    not reported + $711,685 related

  • G Alan Kurose MD

    Chairman- 7/23

    Total calculated
    $700,640
    From this org
    $636,825
    From related orgs
    $0
    Other
    $63,815
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $589,012
    Bonus
    $36,227
    Other
    $11,586
    Deferred
    $39,196
    Nontaxable benefits
    $24,619
    Filer's total
    $700,640

  • Dequiang Zhang MD

    Physician

    Total calculated
    $513,925
    From this org
    $465,085
    From related orgs
    $0
    Other
    $48,840
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,837
    Bonus
    $281,839
    Other
    $409
    Deferred
    $18,300
    Nontaxable benefits
    $30,540
    Filer's total
    $513,925

  • Edward McGookin MD

    President

    Total calculated
    $489,804
    From this org
    $425,533
    From related orgs
    $0
    Other
    $64,271
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $389,846
    Bonus
    $23,159
    Other
    $12,528
    Deferred
    $35,100
    Nontaxable benefits
    $29,171
    Filer's total
    $489,804

  • Dariusz Kostrzewa MD

    Physician

    Total calculated
    $425,412
    From this org
    $373,205
    From related orgs
    $0
    Other
    $52,207
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,159
    Bonus
    $139,256
    Other
    $790
    Deferred
    $18,300
    Nontaxable benefits
    $33,907
    Filer's total
    $425,412

  • Manoj Garg DO

    Physician

    Total calculated
    $414,513
    From this org
    $375,245
    From related orgs
    $0
    Other
    $39,268
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,958
    Bonus
    $120,996
    Other
    $1,291
    Deferred
    $18,300
    Nontaxable benefits
    $20,968
    Filer's total
    $414,513

  • Luis A Osorio MD

    Fmr. Director

    Total calculated
    $393,970
    From this org
    $355,022
    From related orgs
    $0
    Other
    $38,948
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,287
    Bonus
    $136,645
    Other
    $1,090
    Deferred
    $18,300
    Nontaxable benefits
    $20,648
    Filer's total
    $393,970

  • Shelly Johnson MD

    Physician

    Total calculated
    $391,657
    From this org
    $371,444
    From related orgs
    $0
    Other
    $20,213
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,350
    Bonus
    $208,723
    Other
    $1,371
    Deferred
    $18,300
    Nontaxable benefits
    $1,913
    Filer's total
    $391,657

  • Barbara Jablow MD

    Physician

    Total calculated
    $390,611
    From this org
    $369,798
    From related orgs
    $0
    Other
    $20,813
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,910
    Bonus
    $150,119
    Other
    $5,769
    Deferred
    $18,300
    Nontaxable benefits
    $2,513
    Filer's total
    $390,611

  • Christopher Ferraro

    CFO

    Total calculated
    $352,658
    From this org
    $329,981
    From related orgs
    $0
    Other
    $22,677
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,289
    Bonus
    $27,695
    Other
    $17,997
    Deferred
    $18,300
    Nontaxable benefits
    $4,377
    Filer's total
    $352,658

  • Jianhao Chen

    CIO

    Total calculated
    $351,467
    From this org
    $301,492
    From related orgs
    $0
    Other
    $49,975
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,368
    Bonus
    $27,812
    Other
    $7,312
    Deferred
    $18,300
    Nontaxable benefits
    $31,675
    Filer's total
    $351,467

  • Kristen B Hubbard MD

    Director

    Total calculated
    $341,136
    From this org
    $320,299
    From related orgs
    $0
    Other
    $20,837
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,010
    Bonus
    $116,916
    Other
    $373
    Deferred
    $18,300
    Nontaxable benefits
    $2,537
    Filer's total
    $341,136

  • Christina Mitchell MD

    Director

    Total calculated
    $306,072
    From this org
    $260,675
    From related orgs
    $0
    Other
    $45,397
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,203
    Bonus
    $114,163
    Other
    $1,309
    Deferred
    $15,947
    Nontaxable benefits
    $29,450
    Filer's total
    $306,072

  • Robert O Cicchelli MD

    Director

    Total calculated
    $251,526
    From this org
    $208,754
    From related orgs
    $0
    Other
    $42,772
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,346
    Bonus
    $22,712
    Other
    $1,696
    Deferred
    $12,842
    Nontaxable benefits
    $29,930
    Filer's total
    $251,526

  • Raymond P Zarlengo MD

    Vice Chair

    Total calculated
    $198,768
    From this org
    $183,835
    From related orgs
    $0
    Other
    $14,933
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,770
    Bonus
    $25,690
    Other
    $1,375
    Deferred
    $11,068
    Nontaxable benefits
    $3,865
    Filer's total
    $198,768

  • Anne Cushing-Brescia MD

    Director

    Total calculated
    $156,577
    From this org
    $145,630
    From related orgs
    $0
    Other
    $10,947
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,566
    Bonus
    $450
    Other
    $3,614
    Deferred
    $8,548
    Nontaxable benefits
    $2,399
    Filer's total
    $156,577

  • Peter K Markell

    Treasurer

    Total calculated
    $0
    Hours/week
    0.1 + 49.9 related

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

  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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 1a: Relevant information in regards to selections on 1a.
Tax Indemnification and Grossed Up Payments:The Lifespan Executive Long Term Disability program provides financial protection to designated Lifespan physicians and executives in the event that they become disabled. Premiums are paid to the insurance carrier by the insureds on an after-tax basis to allow for income replacement at a reasonable cost. The income associated with the premiums is grossed up to cover the total cost of the benefit as provided in the Lifespan Executive Benefit Plan and is included in Medicare wages, more specifically on Schedule J, Part II, Column B (iii).
Part I, Line 7: Non-Fixed payments not listed above
Certain physicians and executives participate in incentive compensation plans arranged through individual contractual agreements which stipulate non-fixed payments based on meeting criteria comprised of various quality and productivity markers.

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 partnerships

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

  • Lifespan Health Alliance LLC

    Acount. Care Org. · RI

Related corporations and trusts

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

  • Lifespan MSO Inc

    C Corp · Mgmnt. Svcs. · RI

    Directly controlled by Lifespan Corp

  • Lifespan Risk Services Inc

    C Corp · Risk Mgmnt. · RI

    Directly controlled by Lifespan Corp

  • VNA Technicare Inc

    C Corp · DME Sales · RI

    Directly controlled by The Miriam Hospital

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202442279349302269

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