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Nonprofiteer
← ACADEMIC MEDICINE SERVICES INC

Form 990 for tax year 2025

Filed by ACADEMIC MEDICINE SERVICES INC.

Totals

Total revenue
$53,210,811
Total expenses
$51,720,262
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$52,694,355
Investment income
$214,835
Other revenue
$301,621
Total assets, end of year
$20,551,748
Total liabilities, end of year
$6,272,545
Net assets or fund balances, end of year
$14,279,203
Program services expenses (Part IX)
$44,461,338
Management and general expenses
$7,258,924
Fundraising expenses
$0
Program service expenses (Part III)
$44,461,338

Program services were 86.0% 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: CONTRACTUAL REVENUE

    total $33,321,784 · related or exempt $33,321,784

  • 2b · Program service revenue: MEDICAL SERVICE FEES

    total $12,814,911 · related or exempt $12,814,911

  • 2c · Program service revenue: GRADUATE MEDICAL EDUCATION REVENU

    total $6,375,898 · related or exempt $6,375,898

  • 2d · Program service revenue: MEDICAID SUPPLEMENT

    total $181,762 · related or exempt $181,762

  • 3 · Investment income

    total $214,835 · excluded $214,835

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $301,621 · related or exempt $301,621

  • 11e · Other revenue, total

    $301,621

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,722,664 · program services $1,481,491 · management and general $241,173

  • 7 · Other salaries and wages

    total $38,421,364 · program services $33,042,373 · management and general $5,378,991

  • 8 · Pension plan contributions

    total $785,264 · program services $675,327 · management and general $109,937

  • 9 · Other employee benefits

    total $1,567,112 · program services $1,347,716 · management and general $219,396

  • 10 · Payroll taxes

    total $2,231,149 · program services $1,918,788 · management and general $312,361

  • 11a · Fees: management

    total $296,978 · program services $38,607 · management and general $258,371

  • 11b · Fees: legal

    total $148,822 · program services $66,970 · management and general $81,852

  • 11c · Fees: accounting

    total $63,782 · program services $28,702 · management and general $35,080

  • 11g · Fees: other

    total $122,734 · program services $7,364 · management and general $115,370

  • 13 · Office expenses

    total $683,296 · program services $546,637 · management and general $136,659

  • 16 · Occupancy

    total $1,141,009 · program services $924,217 · management and general $216,792

  • 17 · Travel

    total $41,662 · program services $39,579 · management and general $2,083

  • 22 · Depreciation, depletion and amortization

    total $43,897 · program services $39,507 · management and general $4,390

  • 23 · Insurance

    total $1,370,796 · program services $1,316,378 · management and general $54,418

  • 24a · Other expenses: CHIEF ADMINISTRATIVE OF

    total $1,403,106 · program services $1,403,106

  • 24b · Other expenses: CONTRACTUAL SERVICES

    total $733,664 · program services $689,644 · management and general $44,020

  • 24c · Other expenses: BOOKS, DUES, AND SUBSCR

    total $256,488 · program services $243,664 · management and general $12,824

  • 24d · Other expenses: RECRUITMENT

    total $149,923 · program services $149,923

  • 24e · All other expenses

    total $536,552 · program services $501,345 · management and general $35,207

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,251,068 · end of year $2,278,970

  • 2 · Savings and temporary cash investments

    beginning of year $3,997,604 · end of year $6,295,271

  • 4 · Accounts receivable

    beginning of year $10,869,205 · end of year $9,684,389

  • 9 · Prepaid expenses and deferred charges

    beginning of year $292,198 · end of year $371,076

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

    $3,178,174

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

    $2,711,399

  • 10c · Land, buildings and equipment, net

    beginning of year $427,071 · end of year $466,775

  • 15 · Other assets

    beginning of year $741,899 · end of year $1,455,267

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,313,997 · end of year $5,127,227

  • 19 · Deferred revenue

    beginning of year $20,419 · end of year $2,658

  • 23 · Secured mortgages and notes payable

    beginning of year $3,432 · end of year $1,976

  • 25 · Other liabilities

    beginning of year $452,543 · end of year $1,140,684

  • 27 · Net assets without donor restrictions

    beginning of year $12,788,654 · end of year $14,279,203

Listed in Part VII

  • ERIC TEN BROCK MD

    VICE PRESIDENT

    Total calculated
    $248,798
    From this org
    $244,623
    From related orgs
    $0
    Other
    $4,175
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $244,623
    Bonus
    $0
    Other
    $0
    Deferred
    $4,175
    Nontaxable benefits
    $0
    Filer's total
    $248,798

  • HEIDI BEINTREXLER MD

    TREASURER

    Total calculated
    $176,301
    From this org
    $157,421
    From related orgs
    $0
    Other
    $18,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,421
    Bonus
    $0
    Other
    $0
    Deferred
    $6,093
    Nontaxable benefits
    $12,787
    Filer's total
    $176,301

  • MICHAEL ARONICA MD

    SECRETARY

    Total calculated
    $150,203
    From this org
    $144,446
    From related orgs
    $0
    Other
    $5,757
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,446
    Bonus
    $0
    Other
    $0
    Deferred
    $5,757
    Nontaxable benefits
    $0
    Filer's total
    $150,203

  • REGINA MAKDISSI MD

    DIRECTOR

    Total calculated
    $404,816
    From this org
    $395,398
    From related orgs
    $0
    Other
    $9,418
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $395,398
    Bonus
    $0
    Other
    $0
    Deferred
    $9,418
    Nontaxable benefits
    $0
    Filer's total
    $404,816

  • LEONARD EGEDE MD

    PRESIDENT

    Total calculated
    $369,392
    From this org
    $362,500
    From related orgs
    $0
    Other
    $6,892
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $362,500
    Bonus
    $0
    Other
    $0
    Deferred
    $6,892
    Nontaxable benefits
    $0
    Filer's total
    $369,392

  • SEAN BRADY MD

    DIRECTOR

    Total calculated
    $51,460
    From this org
    $48,889
    From related orgs
    $0
    Other
    $2,571
    Hours/week
    40

  • AASHA HARISH MD

    DIRECTOR

    Total calculated
    $160,120
    From this org
    $160,120
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,120
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $160,120

  • ELLEN RICH MD

    DIRECTOR

    Total calculated
    $212,351
    From this org
    $209,267
    From related orgs
    $0
    Other
    $3,084
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,267
    Bonus
    $0
    Other
    $0
    Deferred
    $3,084
    Nontaxable benefits
    $0
    Filer's total
    $212,351

  • SANJAY CHADHA

    CHIEF OPERATING OFFICER

    Total calculated
    $353,609
    From this org
    $323,842
    From related orgs
    $0
    Other
    $29,767
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $323,842
    Bonus
    $0
    Other
    $0
    Deferred
    $12,207
    Nontaxable benefits
    $17,560
    Filer's total
    $353,609

  • VIJAY IYER MD

    PHYSICIAN

    Total calculated
    $940,782
    From this org
    $936,443
    From related orgs
    $0
    Other
    $4,339
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $936,443
    Bonus
    $0
    Other
    $0
    Deferred
    $3,729
    Nontaxable benefits
    $610
    Filer's total
    $940,782

  • DAVID ZLOTNICK MD

    PHYSICIAN

    Total calculated
    $879,207
    From this org
    $866,397
    From related orgs
    $0
    Other
    $12,810
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $866,397
    Bonus
    $0
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $610
    Filer's total
    $879,207

  • ROBERT SETLIK MD

    PHYSICIAN

    Total calculated
    $651,691
    From this org
    $639,710
    From related orgs
    $0
    Other
    $11,981
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $639,710
    Bonus
    $0
    Other
    $0
    Deferred
    $11,981
    Nontaxable benefits
    $0
    Filer's total
    $651,691

  • PARIKSHIT PADHI MD

    PHYSICIAN

    Total calculated
    $728,124
    From this org
    $699,536
    From related orgs
    $0
    Other
    $28,588
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $699,536
    Bonus
    $0
    Other
    $0
    Deferred
    $12,077
    Nontaxable benefits
    $16,511
    Filer's total
    $728,124

  • MATTHEW HUDSON MD

    PHYSICIAN

    Total calculated
    $683,388
    From this org
    $663,292
    From related orgs
    $0
    Other
    $20,096
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $663,292
    Bonus
    $0
    Other
    $0
    Deferred
    $14,000
    Nontaxable benefits
    $6,096
    Filer's total
    $683,388

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

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2025
IRS schema version
2025v4.2
Source object
202622519349300812

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