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Nonprofiteer
← ATLANTICARE PHYSICIAN GROUP PA

Form 990 for tax year 2024

Filed by ATLANTICARE PHYSICIAN GROUP PA.

Totals

Total revenue
$307,630,191
Total expenses
$309,766,827
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$307,929,515
Investment income
-$715,924
Other revenue
$416,600
Total assets, end of year
$55,351,495
Total liabilities, end of year
$54,206,892
Net assets or fund balances, end of year
$1,144,603
Program services expenses (Part IX)
$278,790,145
Management and general expenses
$30,976,682
Fundraising expenses
$0
Program service expenses (Part III)
$278,790,145

Program services were 90.0% 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: PROGRAM RELATED REVENUE

    total $307,929,515 · related or exempt $307,929,515

  • 3 · Investment income

    total $0

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

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $416,600

  • 6c · Rental income or loss

    real property $416,600 · personal property $0

  • 6d · Net rental income or loss

    total $416,600 · unrelated business $0 · excluded $416,600

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

    other assets $715,924

  • 7c · Gain or loss

    other assets -$715,924

  • 7d · Net gain or loss

    total -$715,924 · excluded -$715,924

  • 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 $1,556,811 · program services $1,401,130 · management and general $155,681

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $203,478,779 · program services $183,130,901 · management and general $20,347,878

  • 8 · Pension plan contributions

    total $6,478,730 · program services $5,830,857 · management and general $647,873

  • 9 · Other employee benefits

    total $18,224,243 · program services $16,401,819 · management and general $1,822,424

  • 10 · Payroll taxes

    total $9,919,907 · program services $8,927,916 · management and general $991,991

  • 11a · Fees: management

    total $14,653,196 · program services $13,187,876 · management and general $1,465,320

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $9,774,940 · program services $8,797,446 · management and general $977,494

  • 12 · Advertising and promotion

    total $76,260 · program services $68,634 · management and general $7,626

  • 13 · Office expenses

    total $2,482,492 · program services $2,234,243 · management and general $248,249

  • 14 · Information technology

    total $117,271 · program services $105,544 · management and general $11,727

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $8,401,563 · program services $7,561,407 · management and general $840,156

  • 17 · Travel

    total $117,838 · program services $106,054 · management and general $11,784

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $290,366 · program services $261,329 · management and general $29,037

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $3,441,842 · program services $3,097,658 · management and general $344,184

  • 23 · Insurance

    total $4,631,320 · program services $4,168,188 · management and general $463,132

  • 24a · Other expenses: PURCHASED SERVICES

    total $10,798,102 · program services $9,718,292 · management and general $1,079,810 · fundraising $0

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $10,575,242 · program services $9,517,718 · management and general $1,057,524 · fundraising $0

  • 24c · Other expenses: OTHER COMPANY EXPENSES

    total $3,560,810 · program services $3,204,729 · management and general $356,081 · fundraising $0

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $572,484 · program services $515,236 · management and general $57,248 · fundraising $0

  • 24e · All other expenses

    total $614,631 · program services $553,168 · management and general $61,463

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,200,974 · end of year $5,639,693

  • 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 $17,868,012 · end of year $24,946,653

  • 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 $3,051,906 · end of year $2,747,439

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

    $36,611,694

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

    $19,445,787

  • 10c · Land, buildings and equipment, net

    beginning of year $21,910,484 · end of year $17,165,907

  • 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 $6,626,830 · end of year $4,851,803

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,538,940 · end of year $29,537,753

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 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 $6,815,472 · end of year $5,098,035

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $17,022,555 · end of year $19,571,104

  • 27 · Net assets without donor restrictions

    beginning of year $3,281,239 · end of year $1,144,603

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

THE ORGANIZATION SERVES AS THE PHYSICIAN SERVICES COMPONENT OF ATLANTICARE HEALTH SYSTEM, INC. AND AFFILIATES AND PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES IN FURTHERANCE OF THE CHARITABLE PURPOSES OF ATLANTICARE REGIONAL MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.

Activities or mission (Part I)

THE ORGANIZATION PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES IN FURTHERANCE OF THE CHARITABLE PURPOSES OF ARMC; A RELATED IRC SECTION 501(C)(3) TAX-EXEMPT ORG.

  • EXPENSES INCURRED IN SERVING AS THE PHYSICIAN SERVICES COMPONENT OF ATLANTICARE HEALTH SYSTEM, INC. AND AFFILIATES AND ACTING IN FURTHERANCE OF THE CHARITABLE PURPOSES OF ATLANTICARE REGIONAL MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3)TAX-EXEMPT ORGANIZATION WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES to all individuals in a non-discriminatory manner regardless of RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ability to pay.

    Expenses $278,790,145 · Revenue $307,929,515

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kirk McMurtry MD

    PHYSICIAN

    Total calculated
    $1,262,044
    From this org
    $1,215,353
    From related orgs
    $0
    Other
    $46,691
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $1,089,949
    Bonus
    $122,566
    Other
    $2,838
    Deferred
    $9,281
    Nontaxable benefits
    $37,410
    Filer's total
    $1,262,044

  • Hak J Kim

    TRUSTEE - TREASURER

    Total calculated
    $1,144,426
    From this org
    $0
    From related orgs
    $1,050,400
    Other
    $94,026
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $657,043 related
    Bonus
    $0 + $327,344 related
    Other
    $0 + $66,013 related
    Deferred
    $0 + $72,813 related
    Nontaxable benefits
    $0 + $21,213 related
    Filer's total
    $0 + $1,144,426 related

  • Samir M Patel MD

    PHYSICIAN

    Total calculated
    $1,111,055
    From this org
    $1,054,555
    From related orgs
    $0
    Other
    $56,500
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $481,319
    Bonus
    $553,968
    Other
    $19,268
    Deferred
    $9,980
    Nontaxable benefits
    $46,520
    Filer's total
    $1,111,055

  • Neha Chawla MD

    PHYSICIAN

    Total calculated
    $1,091,550
    From this org
    $1,032,838
    From related orgs
    $0
    Other
    $58,712
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $486,630
    Bonus
    $545,548
    Other
    $660
    Deferred
    $9,923
    Nontaxable benefits
    $48,789
    Filer's total
    $1,091,550

  • Blair A Bergen MD

    PHYSICIAN

    Total calculated
    $1,077,965
    From this org
    $1,032,862
    From related orgs
    $0
    Other
    $45,103
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $486,744
    Bonus
    $514,736
    Other
    $31,382
    Deferred
    $11,910
    Nontaxable benefits
    $33,193
    Filer's total
    $1,077,965

  • Walter C Hargrove MD

    PHYSICIAN

    Total calculated
    $1,047,808
    From this org
    $1,033,142
    From related orgs
    $0
    Other
    $14,666
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $1,002,760
    Bonus
    $20,494
    Other
    $9,888
    Deferred
    $8,601
    Nontaxable benefits
    $6,065
    Filer's total
    $1,047,808

  • Inua Momodu MD

    TRUSTEE - PRES. (TERM 9/24)

    Total calculated
    $975,681
    From this org
    $925,506
    From related orgs
    $0
    Other
    $50,175
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $324,514
    Bonus
    $77,594
    Other
    $523,398
    Deferred
    $9,933
    Nontaxable benefits
    $40,242
    Filer's total
    $975,681

  • Benjamin J Negley

    TRUSTEE - VP & COO (TERM 9/24)

    Total calculated
    $931,238
    From this org
    $0
    From related orgs
    $885,308
    Other
    $45,930
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $256,430 related
    Bonus
    $0 + $142,975 related
    Other
    $0 + $485,903 related
    Deferred
    $0 + $9,827 related
    Nontaxable benefits
    $0 + $36,103 related
    Filer's total
    $0 + $931,238 related

  • Donna Michael-Ziereis Esq

    TRUSTEE - SECRETARY

    Total calculated
    $883,646
    From this org
    $0
    From related orgs
    $777,720
    Other
    $105,926
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $477,018 related
    Bonus
    $0 + $260,390 related
    Other
    $0 + $40,312 related
    Deferred
    $0 + $55,283 related
    Nontaxable benefits
    $0 + $50,643 related
    Filer's total
    $0 + $883,646 related

  • Marilouise Venditti MD

    FORMER OFFICER

    Total calculated
    $633,814
    From this org
    $0
    From related orgs
    $633,757
    Other
    $57
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $633,757 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $57 related
    Filer's total
    $0 + $633,814 related

  • Edward R Fog Do

    TRUSTEE - PRES. (EFF. 9/24)

    Total calculated
    $581,130
    From this org
    $505,917
    From related orgs
    $0
    Other
    $75,213
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $408,693
    Bonus
    $59,765
    Other
    $37,459
    Deferred
    $72,356
    Nontaxable benefits
    $2,857
    Filer's total
    $581,130

  • Robyn A Boniewicz

    TRUSTEE - VP

    Total calculated
    $327,293
    From this org
    $0
    From related orgs
    $265,883
    Other
    $61,410
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $228,217 related
    Bonus
    $0 + $27,358 related
    Other
    $0 + $10,308 related
    Deferred
    $0 + $35,203 related
    Nontaxable benefits
    $0 + $26,207 related
    Filer's total
    $0 + $327,293 related

  • Joseph Lombardi MD

    TRUSTEE (EFF. 12/24)

    Total calculated
    $0
    Hours/week
    1

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 · 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 VII AND SCHEDULE J
IN ACCORDANCE WITH INTERNAL REVENUE SERVICE FORM 990 RULES, REGULATIONS AND INSTRUCTIONS, THE TAXABLE COMPENSATION REPORTED IN CORE FORM, PART VII AND SCHEDULE J, PART II OF THIS FORM 990 IS DERIVED FROM 2024 FORMS W-2 AND FORMS 1099 (IF APPLICABLE).
SCHEDULE J, PART I; QUESTION 4A
The following individuals received severance during calendar year 2024 which was included in the individuals 2024 form w-2, box 5, as taxable medicare wages: Inua Momodu, M.D., $128,525; Benjamin J. Negley, $120,941 and Marilouise Venditti, M.D., $624,242.
SCHEDULE J, PART I; QUESTION 4B
The amount reflected in column b(iii) for the following individuals includes current year vestings in an internal revenue code section 457(f) plan (non-qualified deferred compensation plan) as the amounts were no longer subject to a substantial risk of complete forfeiture. The amounts outlined herein were included in each individual's 2024 form w-2, box 5, as taxable medicare wages: Inua Momodu, M.D., $296,551; Benjamin J. Negley, $272,237 and Marilouise Venditti, M.D., $9,515. The deferred compensation amount in column c for the following individuals includes unvested benefits in an internal revenue code section 457(f) plan (non-qualified deferred compensation plan) which are subject to a substantial risk of complete forfeiture. Accordingly, the individuals may never actually receive this unvested benefit amount. The amounts outlined herein were not included in each individual's 2024 form w-2, box 5, as taxable medicare wages: Hak J. Kim, $60,000; Donna Michael-Ziereis, Esq., $42,508; Edward R. Fog, D.O., $63,000 and Robyn A. Boniewicz, $25,000.
SCHEDULE J, PART I; QUESTION 7
Certain individuals included in schedule j, part ii received a bonus during calendar year 2024 which amounts were included in column b(ii) herein and in each individual's 2024 form w-2, box 5, as taxable medicare wages. Please refer to this section of the form 990, schedule j for this information by person by amount.
SCHEDULE J, PART II, COLUMN F
The amounts reported in schedule j, part ii, column (f) include amounts reported on prior years' forms 990 in schedule j, part ii, in column (c) as non-taxable unvested deferred compensation with a substantial risk of complete forfeiture component that is now being reported again on this year's form 990. Accordingly, in prior years the individuals never actually received any of these unvested at-risk benefit amounts.

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.

  • ATLANTICARE URGENT CARE PHYSICIANS LLC

    HEALTH SVCS. · NJ · income $0 · assets $0

    Directly controlled by APG

  • ATLANTICARE PHYSICIAN GROUP - OCEAN LLC

    HEALTH SVCS. · NJ · income $0 · assets $0

    Directly controlled by APG

Related partnerships

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

  • COOP HLTH SVS OF SJ

    WHOLESALE PURCH. · NJ

    Directly controlled by NA

  • S JERSEY ONCOL PROP

    HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • ATL SURGERY CTR LLC

    HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • Southern Jersey Medical Properties LLC

    RENTAL · NJ

    Directly controlled by NA

Related corporations and trusts

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

  • ENGLISH CREEK ASSURANCE LTD

    FOREIGN CORP. · FINANCIAL VEHICLE · BD

    Directly controlled by NA

  • ATLANTICARE HEALTH SOLUTIONS INC

    C CORP. · ACO/HEALTH · NJ

    Directly controlled by NA

  • ATLANTICARE ASSURANCE ALLIANCE INC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.2
Source object
202533179349310903

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