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Nonprofiteer
← ADVENTIST PHYSICIAN SERVICES INC

Form 990 for tax year 2022

Filed by ADVENTIST PHYSICIAN SERVICES INC.

Totals

Total revenue
$30,239,144
Total expenses
$42,750,470
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$30,239,144
Investment income
$0
Other revenue
$0
Total assets, end of year
$8,195,361
Total liabilities, end of year
$121,733,624
Net assets or fund balances, end of year
-$113,538,263
Program services expenses (Part IX)
$38,395,258
Management and general expenses
$4,355,212
Fundraising expenses
$0
Program service expenses (Part III)
$38,395,258

Program services were 89.8% 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.

  • 2a · Program service revenue: PHYSICIAN SERVICES

    total $30,239,144 · related or exempt $30,239,144

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $30,216,074 · program services $27,705,835 · management and general $2,510,239

  • 8 · Pension plan contributions

    total $840,981 · program services $703,018 · management and general $137,963

  • 9 · Other employee benefits

    total $953,106 · program services $735,279 · management and general $217,827

  • 10 · Payroll taxes

    total $1,801,650 · program services $1,646,737 · management and general $154,913

  • 11a · Fees: management

    total $5,756 · program services $5,756

  • 11b · Fees: legal

    total $1,350 · management and general $1,350

  • 11g · Fees: other

    total $4,819,029 · program services $4,497,980 · management and general $321,049

  • 12 · Advertising and promotion

    total $423,038 · program services $3,606 · management and general $419,432

  • 13 · Office expenses

    total $340,411 · program services $204,003 · management and general $136,408

  • 14 · Information technology

    total $244,667 · program services $229,308 · management and general $15,359

  • 16 · Occupancy

    total $1,328,290 · program services $1,316,897 · management and general $11,393

  • 17 · Travel

    total $42,396 · program services $42,396

  • 19 · Conferences, conventions and meetings

    total $10,608 · program services $10,608

  • 22 · Depreciation, depletion and amortization

    total $274,154 · program services $274,154

  • 23 · Insurance

    total $67,830 · management and general $67,830

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $991,352 · program services $991,352

  • 24b · Other expenses: COLLECTION FEES/LICENSE

    total $219,469 · program services $15,829 · management and general $203,640

  • 24c · Other expenses: COST ALLOC. FROM PARENT

    total $151,067 · management and general $151,067

  • 24d · Other expenses: RECRUITMENT

    total $19,242 · program services $12,500 · management and general $6,742

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $4,140,183 · end of year $5,556,027

  • 7 · Other notes and loans receivable

    beginning of year $5,044,026 · end of year $53,994

  • 9 · Prepaid expenses and deferred charges

    beginning of year $161,697 · end of year $186,772

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

    $3,076,276

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

    $822,297

  • 10c · Land, buildings and equipment, net

    beginning of year $2,625,035 · end of year $2,253,979

  • 15 · Other assets

    beginning of year $261,493 · end of year $144,589

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,213,504 · end of year $5,396,103

  • 19 · Deferred revenue

    beginning of year $357,548 · end of year $235,296

  • 25 · Other liabilities

    beginning of year $100,770,823 · end of year $116,102,225

  • 27 · Net assets without donor restrictions

    beginning of year -$94,127,626 · end of year -$113,542,005

  • 28 · Net assets with donor restrictions

    beginning of year $18,185 · end of year $3,742

Mission and programs · 2022

Mission

WE EXTEND GOD'S CARE THROUGH THE MINISTRY OF PHYSICAL, MENTAL AND SPIRITUAL HEALING.

  • ADVENTIST PHYSICIAN SERVICES, INC. D/B/A ADVENTIST HEALTHCARE ADVENTIST MEDICAL GROUP (ADVENTIST MEDICAL GROUP) IS A PREMIER, MULTI-SPECIALTY PHYSICIAN ORGANIZATION COMMITTED TO PROVIDING HIGH QUALITY CARE TO PATIENTS. FOUNDED IN 2006, WE ARE AN INDEPENDENT NOT-FOR-PROFIT ORGANIZATION.TODAY ADVENTIST PHYSICIAN SERVICES (APS) OPERATES UNDER THE NAME ADVENTIST MEDICAL GROUP (AMG). IT EMPLOYS ABOUT 50 COMMUNITY PHYSICIANS IN A VARIETY OF PRIMARY CARE AND MEDICAL SPECIALTIES IN THE AREAS OF BEHAVIORAL HEALTH, CARDIOLOGY, GENERAL SURGERY, AND INFECTIOUS DISEASE AND GYN SURGERY TO SERVE ADVENTIST HEALTHCARE'S COMMUNITIES IN....CONTINUES ON SCHEDULE O.MONTGOMERY, FREDERICK, AND PRINCE GEORGE'S COUNTIES IN MARYLAND. AMG PROVIDES ADMINISTRATIVE, FINANCIAL MANAGEMENT, TECHNICAL AND BUSINESS SUPPORT SERVICES THAT ARE ESSENTIAL FOR PHYSICIANS TO PROVIDE QUALITY CARE AND OPERATE SUCCESSFUL PRACTICES.OUR SIZE AND GROUP PRACTICE STRUCTURE ALLOW US TO PROVIDE CARE FOR PATIENTS, WITH MOST OF THE CARE BEING RELATED TO THE CARDIOLOGY SPECIALTY, AND BEHAVIORAL HEALTH AREA AND REHABILITATION AND PRIMARY CARE. WE ARE INTEGRATING WITH OUR OTHER HEALTH SERVICES WITHIN ADVENTIST HEALTHCARE TO DELIVER THE MOST VALUE TO OUR COMMUNITY.IN OCTOBER OF 2021, AMG TOOK OVER THE EMPLOYMENT OF SEVERAL SURGICAL AND MEDICAL SPECIALTIES FROM MANAGEMENT UNDER THE MEDICAL FACULTY ASSOCIATES, WHICH IS A PART OF GEORGE WASHINGTON UNIVERSITY. AMG NOW MANAGES ALL THE PRIMARY CARE AND SPECIALTY CARE PRACTICES UNDER AMG.IN 2022, OUR AMG PHYSICIANS HAD MORE THAN 50,000 AMBULATORY PATIENT ENCOUNTERS, INCLUDING NEW PATIENTS, AND EXISTING PATIENTS. ADDITIONALLY, OUR APS BEHAVIORAL HEALTH PHYSICIANS PROVIDED CARE FOR THE INPATIENTS AT ADVENTIST HEALTHCARE, INC., D/B/A SHADY GROVE MEDICAL CENTER AND ADVENTIST HEALTHCARE, INC., D/B/A WHITE OAK MEDICAL CENTER.

    Expenses $38,395,258 · Revenue $30,239,144

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

Listed in Part VII

  • TERRY FORDE

    PRESIDENT & CEO, AHC

    Total calculated
    $1,577,399
    From this org
    $0
    From related orgs
    $1,513,716
    Other
    $63,683
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $983,798 related
    Bonus
    $0 + $342,201 related
    Other
    $0 + $187,717 related
    Deferred
    $0 + $27,000 related
    Nontaxable benefits
    $0 + $36,683 related
    Filer's total
    $0 + $1,577,399 related

  • JOHN SACKETT

    EVP & COO, AHC

    Total calculated
    $1,104,589
    From this org
    $0
    From related orgs
    $1,034,422
    Other
    $70,167
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $596,569 related
    Bonus
    $0 + $170,553 related
    Other
    $0 + $267,300 related
    Deferred
    $0 + $27,000 related
    Nontaxable benefits
    $0 + $43,167 related
    Filer's total
    $0 + $1,104,589 related

  • KRISTEN PULIO

    SVP & CFO, AHC

    Total calculated
    $931,230
    From this org
    $0
    From related orgs
    $751,379
    Other
    $179,851
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $524,682 related
    Bonus
    $0 + $93,631 related
    Other
    $0 + $133,066 related
    Deferred
    $0 + $172,176 related
    Nontaxable benefits
    $0 + $7,675 related
    Filer's total
    $0 + $931,230 related

  • JAMES G LEE

    EVP & CSO-GWTH, AHC-UNTIL MAY 2022

    Total calculated
    $651,739
    From this org
    $0
    From related orgs
    $628,944
    Other
    $22,795
    Hours/week
    3 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $330,703 related
    Bonus
    $0 + $154,714 related
    Other
    $0 + $143,527 related
    Deferred
    $0 + $12,198 related
    Nontaxable benefits
    $0 + $10,597 related
    Filer's total
    $0 + $651,739 related

  • MARTA BRITO PEREZ

    SVP,POP. HEALTH/POST-ACUTE CARE SVCS

    Total calculated
    $812,312
    From this org
    $0
    From related orgs
    $769,858
    Other
    $42,454
    Hours/week
    34 + 16 related

    Schedule J breakdown matched by us

    Base
    $0 + $471,287 related
    Bonus
    $0 + $126,323 related
    Other
    $0 + $172,248 related
    Deferred
    $0 + $27,000 related
    Nontaxable benefits
    $0 + $15,454 related
    Filer's total
    $0 + $812,312 related

  • MARISSA LESLIE MD

    SYSTEM MED DIR OF PSYCHIATRY

    Total calculated
    $402,600
    From this org
    $371,959
    From related orgs
    $0
    Other
    $30,641
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $332,625
    Bonus
    $37,613
    Other
    $1,721
    Deferred
    $20,500
    Nontaxable benefits
    $10,141
    Filer's total
    $402,600

  • MARY MCNAMARA WARD

    VP, PHYSICIAN NETWORKS OPS

    Total calculated
    $366,577
    From this org
    $361,418
    From related orgs
    $0
    Other
    $5,159
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,489
    Bonus
    $48,068
    Other
    $80,861
    Deferred
    $4,880
    Nontaxable benefits
    $279
    Filer's total
    $366,577

  • REGINA KUHL

    PHYSICIAN ASST II

    Total calculated
    $360,536
    From this org
    $327,494
    From related orgs
    $0
    Other
    $33,042
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,911
    Bonus
    $485
    Other
    $6,098
    Deferred
    $26,000
    Nontaxable benefits
    $7,042
    Filer's total
    $360,536

  • MARK SCHER MD

    PHYSICIAN

    Total calculated
    $316,300
    From this org
    $282,816
    From related orgs
    $0
    Other
    $33,484
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,016
    Bonus
    $5,625
    Other
    $2,175
    Deferred
    $26,000
    Nontaxable benefits
    $7,484
    Filer's total
    $316,300

  • MARY KIM MD

    SYSTEM MED DIR, PHYSICIAN ENTERPRISE

    Total calculated
    $315,627
    From this org
    $294,819
    From related orgs
    $0
    Other
    $20,808
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $261,248
    Bonus
    $33,326
    Other
    $245
    Deferred
    $20,500
    Nontaxable benefits
    $308
    Filer's total
    $315,627

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
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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 3
PAY PRACTICE: ADVENTIST HEALTHCARE UTILIZES A SINGLE EMPLOYER ID FOR ALL ITS AFFILIATED ENTITIES FOR EMPLOYMENT PURPOSES. AS SUCH, ACTUAL COMPENSATION AND BENEFITS ARE CHARGED TO THE RESPECTIVE ENTITIES AND THE RESULTING COMPENSATION AND BENEFITS ARE REPORTED ON EACH AFFILIATE IRS FORM 990 AS IF PAID DIRECTLY BY SUCH AFFILIATE. AS APPLICABLE, THE SAME AND NON-ADDITIVE COMPENSATION AND EMPLOYMENT BENEFIT PLAN CONTRIBUTION AMOUNTS WERE ALSO DISCLOSED IN THE ADVENTIST HEALTHCARE INC. RELATED ENTITIES' RETURNS. INDEPENDENT GUIDELINES: WHEN SETTING COMPENSATION FOR THE OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND THE HIGHEST COMPENSATED EMPLOYEES, ADVENTIST HEALTHCARE FULLY COMPLIES WITH THE PROCEDURAL SAFEGUARDS EMBODIED IN IRS REGULATIONS. COMPENSATION FOR ADVENTIST HEALTHCARE OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND THE HIGHEST COMPENSATED EMPLOYEES IS ENTIRELY SET BY A COMMITTEE OF ADVENTIST HEALTHCARE BOARD OF TRUSTEES. IN SETTING COMPENSATION, THE GOVERNING BOARD COMMITTEE RELIES UPON MARKET COMPARABILITY DATA PROVIDED BY AN INDEPENDENT OUTSIDE COMPENSATION CONSULTANT WHO PROVIDES A SUMMARY OF HEALTH CARE SALARIES AND BENEFITS FOR COMPARABLE SIZED ORGANIZATIONS BOTH NATIONALLY AND IN THE BALTIMORE-WASHINGTON REGION. TO FURTHER ENSURE REASONABLENESS, BOTH COMPENSATION AND BENEFITS ARE TARGETED AT THE 50TH PERCENTILE (OR MEDIAN) OF THE MARKET.
PART I, LINE 4B
CERTAIN EMPLOYEES RECEIVED COMPENSATION FROM A DISTRIBUTION UNDER AN EXECUTIVE RETENTION 457F PLAN, WHICH BECAME EFFECTIVE ON JANUARY 1, 2015. PRE-TAX CONTRIBUTIONS ARE ACCUMULATED ANNUALLY AND ARE DISTRIBUTED ON JANUARY 1ST OF THE 2ND YEAR, IF STILL EMPLOYED, OR SOONER BASED ON CERTAIN EXCEPTIONS. THERE IS TYPICALLY A 2-YEAR DEFERRAL PERIOD BEFORE PAYMENTS ARE RELEASED. CONTRIBUTIONS ACCUMULATED IN 2020 WERE GENERALLY DISTRIBUTED ON JANUARY 1, 2022 AND CONTRIBUTIONS ACCUMULATED IN 2021 WILL GENERALLY BE DISTRIBUTED ON JANUARY 1, 2023. AMOUNTS LISTED UNDER PART II, COLUMN F INCLUDE PAYOUT AMOUNTS WHICH WERE CONSIDERED DEFERRED COMPENSATION FROM THE 457F PLAN IN OUR PRIOR YEAR RETURNS AND THESE AMOUNTS ARE NOW BEING SHOWN UNDER THE OTHER REPORTABLE INCOME, COLUMN B (III). THE ADVENTIST HEALTHCARE EXECUTIVE RETENTION PLAN PAYS CERTAIN PARTICIPANTS THEIR RETIREMENT PAYMENTS IN DIRECT CASH, RATHER THAN RETENTION BENEFITS OF DEFERRED CASH, AFTER ATTAINING THE PLAN'S RETIREMENT AGE. THE FOLLOWING THREE EXECUTIVES RECEIVED SUPPLEMENTAL RETIREMENT PAYMENTS UNDER THIS PLAN FEATURE: JOHN SACKETT: $156,680 RETIREMENT AGE PAYMENT; MARTA BRITO PEREZ: $129,542 RETIREMENT AGE PAYMENT; MARY MCNAMARA WARD: $64,734 RETIREMENT AGE PAYMENT.
PART I, LINE 7
THE ANNUAL INCENTIVE COMPENSATION INCLUDES PAYMENTS BASED ON SATISFACTION OF PRE-DETERMINED PERFORMANCE TARGETS SUCH AS QUALITY/PATIENT SAFETY GOALS, EMPLOYEE AND PATIENT ENGAGEMENT GOALS, ORGANIZATIONAL GROWTH, AND FINANCIAL PERFORMANCE, AMONG OTHER THINGS. THE ANNUAL INCENTIVE COMPENSATION APPLIES TO DIRECTORS AND ABOVE.
SUPPLEMENTAL INFORMATION:
OTHER REPORTABLE COMPENSATION INCLUDES RETENTION PAYMENTS AND LUMP-SUM ADJUSTMENTS IN LIEU OF THE ACROSS-THE-BOARD INCREASE (FOR EMPLOYEES WHO ARE AT OR REACH THE RANGE MAXIMUM FOR THEIR POSITION). OTHER REPORTABLE COMPENSATION ALSO INCLUDES LONG-TERM DISABILITY COVERAGE, CELL PHONE ALLOWANCES, CASH-OUT OF UNUSED PAID TIME OFF (PTO) HOURS, IMPUTED VALUE OF LIFE INSURANCE COVERAGE, AND SEVERANCE, AS APPLICABLE. CERTAIN EXECUTIVES CAN ALSO RECEIVE REPORTABLE COMPENSATION THROUGH A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) ONCE THEY HAVE VESTED IN THE PLAN. IN 2022, THERE WERE NO SERP PAYOUTS MADE. NON-TAXABLE BENEFITS INCLUDES PRE-TAX PAYROLL DEDUCTIONS (SUCH AS FLEXIBLE MEDICAL SPENDING, DEPENDENT CARE, AND EMPLOYEE HEALTH BENEFIT PREMIUMS), AND THE EMPLOYER PORTION OF CERTAIN EMPLOYEE BENEFITS SUCH AS HEALTH INSURANCE, DENTAL INSURANCE, VISION INSURANCE, AND LIFE INSURANCE, ETC.

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.

  • APS CORELIFE LLC

    PROVIDES WELLNESS AND WEIGHT MANAGEMENT · MD · income $0 · assets $0

    Directly controlled by ADVENTIST PHYSICIAN SERVICES INC

  • CARDIAC ASSOCIATES LLC

    CARDIAC SERVICES · MD · income $0 · assets $0

    Directly controlled by ADVENTIST PHYSICIAN SERVICES INC

Related partnerships

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349319855

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