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Nonprofiteer
← ACADEMIC MEDICAL GROUP INC

Form 990 for tax year 2023

Filed by ACADEMIC MEDICAL GROUP INC.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$22,284,321
Total liabilities, end of year
$22,426,877
Net assets or fund balances, end of year
-$142,556
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $99,529,201 · program services $66,362,546 · management and general $33,166,655

  • 8 · Pension plan contributions

    total $2,527,106 · program services $2,021,685 · management and general $505,421

  • 9 · Other employee benefits

    total $23,262,627 · program services $18,610,102 · management and general $4,652,525

  • 10 · Payroll taxes

    total $7,149,990 · program services $1,046,333 · management and general $6,103,657

  • 11a · Fees: management

    total $57,682 · management and general $57,682

  • 11b · Fees: legal

    total $1,085 · management and general $1,085

  • 11c · Fees: accounting

    total $14,700 · management and general $14,700

  • 11g · Fees: other

    total $1,252,360 · management and general $1,252,360

  • 24a · Other expenses: MEDICAL PROFESSIONAL CO

    total $51,451,221 · program services $0 · management and general $51,451,221

  • 24b · Other expenses: PURCHASED SERVICES

    total $10,684,682 · program services $967,586 · management and general $9,717,096

  • 24c · Other expenses: MEDICAL AND OTHER SUPPL

    total $433,358 · program services $120,627 · management and general $312,731

  • 24d · Other expenses: REIMBURSED EXPENSES

    total -$196,979,173 · program services -$89,195,621 · management and general -$107,783,552

  • 24e · All other expenses

    total $615,161 · program services $66,742 · management and general $548,419

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,592,888 · end of year -$763,912

  • 4 · Accounts receivable

    beginning of year $15,451,778 · end of year $22,813,488

  • 9 · Prepaid expenses and deferred charges

    beginning of year $110,222 · end of year $234,745

  • 15 · Other assets

    beginning of year $26,072,130 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,369,574 · end of year $22,426,877

  • 27 · Net assets without donor restrictions

    beginning of year -$142,556 · end of year -$142,556

Mission and programs · 2023

Mission

AMG WAS FORMED FOR THE PURPOSE OF COLLABORATION BETWEEN THE TAX-EXEMPT ENTITIES, FHSC AND USF, AND THEIR RESPECTIVE AFFILIATES. THAT PURPOSE INCLUDES COORDINATION OF THE INTEGRATED CLINICAL SERVICES OF PHYSICIANS AND ADVANCED PRACTICE PROVIDERS EMPLOYED BY USF AND TAMPA GENERAL MEDICAL GROUP, INC. ("TGMG"), AN AFFILIATE OF FHSC, AND THEIR RESPECTIVE AFFILIATES, IN ORDER TO EXPAND THE AVAILABILITY AND IMPROVE THE QUALITY OF PROFESSIONAL MEDICAL SERVICES IN WEST CENTRAL FLORIDA AND TO PROMOTE PUBLIC HEALTH, CONSISTENT WITH THE CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND MEDICAL PURPOSES OF THE ORGANIZATIONS. AMG WILL PROVIDE SUPPORT SERVICES INCLUDING MANAGEMENT, OPERATIONAL, ADMINISTRATIVE, AND PRACTICE INFRASTRUCTURE SERVICES FOR TGMG, USF, AND ANY OF THEIR AFFILIATED ENTITIES IN FURTHERANCE OF FHSC AND USF'S SHARED MISSIONS. IN EXCHANGE FOR AMG'S SUPPORT SERVICES, TGMG AND USF WILL EACH PAY A FAIR MARKET VALUE FEE FOR THE SERVICES THEY RECEIVE FROM AMG.

Activities or mission (Part I)

SEE SCHEDULE O

  • 1. FACILITATE THE EXPANSION OF AVAILABILITY AND IMPROVEMENT OF THE QUALITY OF PROFESSIONAL MEDICAL SERVICES IN WEST CENTRAL FLORIDA2. PROMOTE PUBLIC HEALTH, CONSISTENT WITH THE CHARITABLE, EDUCATIONAL, SCIENTIFIC AND MEDICAL PURPOSES OF FHSC AND USF.

  • N/A

  • N/A

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

Listed in Part VII

  • CHARLES LOCKWOOD MD

    CHAIRMAN/CHIEF EXECUTIVE &

    Total calculated
    $0
    Hours/week
    1

  • JOHN COURIS

    SECRETARY & DIRECTOR

    Total calculated
    $2,659,198
    From this org
    $0
    From related orgs
    $2,614,354
    Other
    $44,844
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,292,365 related
    Bonus
    $0 + $1,321,989 related
    Other
    $0
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $28,344 related
    Filer's total
    $0 + $2,659,198 related

  • MARGARET DUGGAN MD

    DIRECTOR

    Total calculated
    $1,152,792
    From this org
    $0
    From related orgs
    $1,107,948
    Other
    $44,844
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $605,117 related
    Bonus
    $0 + $502,831 related
    Other
    $0
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $28,344 related
    Filer's total
    $0 + $1,152,792 related

  • RAJENDRA BALIGA MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUDETTE LOUIS MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK RUNYON

    TREASURER & DIRECTOR

    Total calculated
    $1,384,154
    From this org
    $0
    From related orgs
    $1,348,397
    Other
    $35,757
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $684,214 related
    Bonus
    $0 + $664,183 related
    Other
    $0
    Deferred
    $0 + $14,929 related
    Nontaxable benefits
    $0 + $20,828 related
    Filer's total
    $0 + $1,384,154 related

  • ADAM SMITH

    DIRECTOR

    Total calculated
    $1,036,845
    From this org
    $0
    From related orgs
    $1,003,788
    Other
    $33,057
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $468,234 related
    Bonus
    $0 + $484,850 related
    Other
    $0 + $50,704 related
    Deferred
    $0 + $7,317 related
    Nontaxable benefits
    $0 + $25,740 related
    Filer's total
    $0 + $1,036,845 related

  • STEVE OMLI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HARRY VAN LOVEREN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RHEA LAW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK MOSELEY

    PRESIDENT USFTGP

    Total calculated
    $615,247
    From this org
    $579,438
    From related orgs
    $0
    Other
    $35,809
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $447,113
    Bonus
    $122,964
    Other
    $9,361
    Deferred
    $0
    Nontaxable benefits
    $35,809
    Filer's total
    $615,247

  • MATTHEW CANTONIS

    SVP COO USFTGP

    Total calculated
    $383,884
    From this org
    $355,448
    From related orgs
    $0
    Other
    $28,436
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $271,729
    Bonus
    $61,235
    Other
    $22,484
    Deferred
    $3,856
    Nontaxable benefits
    $24,580
    Filer's total
    $383,884

  • RACHEL SULLIVAN

    AGENCY DIR OF FINANCE

    Total calculated
    $270,132
    From this org
    $241,722
    From related orgs
    $0
    Other
    $28,410
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $229,129
    Bonus
    $10,000
    Other
    $2,593
    Deferred
    $9,778
    Nontaxable benefits
    $18,632
    Filer's total
    $270,132

  • KIMBERLY CLIFFORD

    SR DIR CLINICAL OPERATIONS

    Total calculated
    $207,223
    From this org
    $207,223
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $175,045
    Bonus
    $25,820
    Other
    $6,358
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $207,223

  • LILYVETTE NUNEZ

    SR DIR PRIMARY CARE OPS

    Total calculated
    $218,210
    From this org
    $167,607
    From related orgs
    $25,627
    Other
    $24,976
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $135,258 + $25,627 related
    Bonus
    $25,765
    Other
    $6,584
    Deferred
    $3,454
    Nontaxable benefits
    $21,522
    Filer's total
    $192,583 + $25,627 related

  • JOSEPH KIRKNER

    CLINICAL MANAGER

    Total calculated
    $177,060
    From this org
    $156,657
    From related orgs
    $0
    Other
    $20,403
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $141,758
    Bonus
    $10,295
    Other
    $4,604
    Deferred
    $4,580
    Nontaxable benefits
    $15,823
    Filer's total
    $177,060

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

  • 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
NON-FIXED PAYMENTS PROVIDED BONUS AND INCENTIVE COMPENSATION IS BASED ON ACHIEVEMENT OF CERTAIN TARGETS, QUALITY INDICATORS, AND NON-FINANCIAL METRICS.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202512279349303036

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