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Nonprofiteer
← SHEPPARD PRATT PHYSICIANS P A

Form 990 for tax year 2023

Filed by SHEPPARD PRATT PHYSICIANS P A.

Totals

Total revenue
$14,983,037
Total expenses
$16,590,373
Contributions and grants received
$1,065,724
Grants paid
$0
Program service revenue
$13,892,925
Investment income
$0
Other revenue
$24,388
Total assets, end of year
$7,762,012
Total liabilities, end of year
$10,783,160
Net assets or fund balances, end of year
-$3,021,148
Program services expenses (Part IX)
$15,012,837
Management and general expenses
$1,577,536
Fundraising expenses
$0
Program service expenses (Part III)
$15,012,837

Program services were 90.5% 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)

    $1,065,724

  • 2a · Program service revenue: INPATIENT AND OUTPATIENT SERVICES

    total $11,579,697 · related or exempt $11,579,697

  • 2b · Program service revenue: CONTRACTUAL PHYSICIAN SERVICE REV

    total $2,313,228 · related or exempt $2,313,228

  • 11a · Other revenue: SPECIALTY PHYSICIANS OF GARRETT C

    total $24,118 · related or exempt $24,118

  • 11b · Other revenue: MEDICAL RECORDS

    total $165 · related or exempt $165

  • 11c · Other revenue: MISCELLANEOUS REVENUE

    total $105 · excluded $105

  • 11e · Other revenue, total

    $24,388

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $1,641,057 · program services $1,591,082 · management and general $49,975

  • 7 · Other salaries and wages

    total $9,357,568 · program services $9,357,568

  • 8 · Pension plan contributions

    total $200,596 · program services $85,757 · management and general $114,839

  • 9 · Other employee benefits

    total $966,873 · program services $965,687 · management and general $1,186

  • 10 · Payroll taxes

    total $741,394 · program services $738,813 · management and general $2,581

  • 11b · Fees: legal

    total $2,750 · management and general $2,750

  • 11g · Fees: other

    total $921,206 · program services $921,206

  • 12 · Advertising and promotion

    total $51,920 · program services $51,920

  • 13 · Office expenses

    total $7,410 · program services $7,410

  • 14 · Information technology

    total $43,759 · program services $4,958 · management and general $38,801

  • 16 · Occupancy

    total $1,191,675 · program services $1,191,567 · management and general $108

  • 17 · Travel

    total $3,098 · program services $3,098

  • 23 · Insurance

    total $55,755 · program services $55,691 · management and general $64

  • 24a · Other expenses: INTERCOMPANY CHARGES

    total $1,367,232 · management and general $1,367,232

  • 24b · Other expenses: MISCELLANEOUS

    total $38,080 · program services $38,080

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $725,698 · end of year $593,778

  • 3 · Pledges and grants receivable

    beginning of year $284,089 · end of year $273,788

  • 4 · Accounts receivable

    beginning of year $1,715,546 · end of year $571,115

  • 9 · Prepaid expenses and deferred charges

    end of year $37,958

  • 15 · Other assets

    beginning of year $6,435,279 · end of year $6,285,373

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,689,346 · end of year $4,427,669

  • 19 · Deferred revenue

    beginning of year $231,181 · end of year $25,645

  • 25 · Other liabilities

    beginning of year $6,891,151 · end of year $6,329,846

  • 27 · Net assets without donor restrictions

    beginning of year -$1,651,066 · end of year -$3,021,148

Mission and programs · 2023

Mission

PROVIDE BEHAVIORAL HEALTH CARE TO PATIENTS REGARDLESS OF ABILITY TO PAY AND PROVIDE RESIDENCY TRAINING TO MEDICAL PROFESSIONALS. TREAT PATIENTS IN VARIOUS EDUCATIONAL VENUES AND ENGAGE IN RESEARCH ACTIVITIES.

Activities or mission (Part I)

PROVIDE BEHAVIORAL HEALTH CARE TO PATIENTS REGARDLESS OF ABILITY TO PAY AND PROVIDE RESIDENCY TRAINING TO MEDICAL PROFESSIONALS. TREAT PATIENTS IN VARIOUS EDUCATIONAL AND OTHER VENUES AND ENGAGE IN RESEARCH ACTIVITIES.

  • INPATIENT AND OUTPATIENT BEHAVIORAL HEALTH CARE SERVICES.

    Expenses $15,012,837 · Revenue $13,917,208

As filed on the 2023 return.

Listed in Part VII

  • Harsh Trivedi MD MBA

    PRESIDENT AND CEO

    Total calculated
    $1,587,024
    From this org
    $0
    From related orgs
    $1,534,067
    Other
    $52,957
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,184,905 related
    Bonus
    $0 + $322,245 related
    Other
    $0 + $26,917 related
    Deferred
    $0 + $52,900 related
    Nontaxable benefits
    $0 + $57 related
    Filer's total
    $0 + $1,587,024 related

  • Todd E Peters MD

    VP, CMO, AND CMIO

    Total calculated
    $802,265
    From this org
    $0
    From related orgs
    $768,705
    Other
    $33,560
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $596,557 related
    Bonus
    $0 + $117,180 related
    Other
    $0 + $54,968 related
    Deferred
    $0 + $2,900 related
    Nontaxable benefits
    $0 + $30,660 related
    Filer's total
    $0 + $802,265 related

  • Kelly Savoca

    SVP AND CFO, TREASURER

    Total calculated
    $656,342
    From this org
    $0
    From related orgs
    $653,385
    Other
    $2,957
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $498,679 related
    Bonus
    $0 + $99,603 related
    Other
    $0 + $55,103 related
    Deferred
    $0 + $2,900 related
    Nontaxable benefits
    $0 + $57 related
    Filer's total
    $0 + $656,342 related

  • Zhihong Guo

    PSYCHIATRIST

    Total calculated
    $450,743
    From this org
    $437,062
    From related orgs
    $0
    Other
    $13,681
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $433,371
    Bonus
    $0
    Other
    $3,691
    Deferred
    $2,900
    Nontaxable benefits
    $10,781
    Filer's total
    $450,743

  • Margo D Lauterbach

    SENIOR PSYCHIATRIST

    Total calculated
    $460,927
    From this org
    $424,417
    From related orgs
    $0
    Other
    $36,510
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $420,559
    Bonus
    $0
    Other
    $3,858
    Deferred
    $2,900
    Nontaxable benefits
    $33,610
    Filer's total
    $460,927

  • Edward Zuzarte

    PSYCHIATRIST

    Total calculated
    $461,105
    From this org
    $424,596
    From related orgs
    $0
    Other
    $36,509
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $420,556
    Bonus
    $0
    Other
    $4,040
    Deferred
    $2,900
    Nontaxable benefits
    $33,609
    Filer's total
    $461,105

  • Adelfolake Akinsanya

    SENIOR PSYCHIATRIST

    Total calculated
    $451,786
    From this org
    $415,799
    From related orgs
    $0
    Other
    $35,987
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $412,347
    Bonus
    $0
    Other
    $3,452
    Deferred
    $2,827
    Nontaxable benefits
    $33,160
    Filer's total
    $451,786

  • Louis J Marino

    SENIOR PSYCHIATRIST/FORMER TRUSTEE

    Total calculated
    $445,496
    From this org
    $411,662
    From related orgs
    $0
    Other
    $33,834
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $406,342
    Bonus
    $0
    Other
    $5,320
    Deferred
    $2,900
    Nontaxable benefits
    $30,934
    Filer's total
    $445,496

  • Jennifer Weiss-Wilkerson

    SVP & CHIEF STRATEGY OFFICER/FORMER TRUSTEE

    Total calculated
    $657,658
    From this org
    $0
    From related orgs
    $598,223
    Other
    $59,435
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $477,562 related
    Bonus
    $0 + $93,744 related
    Other
    $0 + $26,917 related
    Deferred
    $0 + $27,900 related
    Nontaxable benefits
    $0 + $31,535 related
    Filer's total
    $0 + $657,658 related

  • Khizar Khan MD

    SENIOR PSYCHIATRIST/FORMER TRUSTEE

    Total calculated
    $436,552
    From this org
    $402,993
    From related orgs
    $0
    Other
    $33,559
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $398,481
    Bonus
    $0
    Other
    $4,512
    Deferred
    $2,900
    Nontaxable benefits
    $30,659
    Filer's total
    $436,552

  • Deepak Prabhakar

    SENIOR PSYCHIATRIST/FORMER TRUSTEE

    Total calculated
    $413,827
    From this org
    $401,464
    From related orgs
    $0
    Other
    $12,363
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $399,276
    Bonus
    $0
    Other
    $2,188
    Deferred
    $2,900
    Nontaxable benefits
    $9,463
    Filer's total
    $413,827

  • Scott Aaronson MD

    DIR. CLINICAL RES./FORMER TRUSTEE

    Total calculated
    $401,408
    From this org
    $373,876
    From related orgs
    $0
    Other
    $27,532
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $366,210
    Bonus
    $0
    Other
    $7,666
    Deferred
    $2,900
    Nontaxable benefits
    $24,632
    Filer's total
    $401,408

  • Kathleen C Hilzendeger

    DIR. PROF. SERV/FORMER SECRETARY

    Total calculated
    $247,890
    From this org
    $0
    From related orgs
    $220,291
    Other
    $27,599
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,994 related
    Bonus
    $0
    Other
    $0 + $9,297 related
    Deferred
    $0 + $1,915 related
    Nontaxable benefits
    $0 + $25,684 related
    Filer's total
    $0 + $247,890 related

  • Faith Dickerson PhD

    DIR. PSYCH./STANLEY RES., FORMER TRUSTEE

    Total calculated
    $182,874
    From this org
    $180,315
    From related orgs
    $0
    Other
    $2,559
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $177,255
    Bonus
    $0
    Other
    $3,060
    Deferred
    $1,698
    Nontaxable benefits
    $861
    Filer's total
    $182,874

  • Devi Bhuyan PhD

    DIR. PSYCHOLOGY, FORMER TRUSTEE

    Total calculated
    $194,484
    From this org
    $0
    From related orgs
    $172,320
    Other
    $22,164
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $170,383 related
    Bonus
    $0
    Other
    $0 + $1,937 related
    Deferred
    $0 + $1,688 related
    Nontaxable benefits
    $0 + $20,476 related
    Filer's total
    $0 + $194,484 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

  • 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
THE TOP MANAGEMENT OFFICIALS ARE UNCOMPENSATED BY THE REPORTING ORGANIZATION. THE REPORTING ORGANIZATION RELIES ON SHEPPARD PRATT HEALTH SYSTEM, INC., A RELATED ORGANIZATION, TO ESTABLISH COMPENSATION FOR THE TOP MANAGEMENT OFFICIALS.
PART I, LINE 4B
DURING CALENDAR YEAR 2023, THE FOLLOWING PARTICIPATED IN SHEPPARD PRATT'S SUPPLEMENTAL EXECUTIVE DEFERRED COMPENSATION PLAN ("SERP"): HARSH TRIVEDI, MD, MBA $ 50,000 KELLY SAVOCA $ 25,000 TODD PETERS, MD $ 25,000 JENNIFER W. WILKERSON $ 25,000 DURING THE CALENDAR YEAR, THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS AS PART OF THEIR PARTICIPATION IN SHEPPARD PRATT'S SERP PLAN: TODD PETERS, MD $28,321 KELLY SAVOCA $28,321
PART I, LINE 7
TOP MANAGEMENT COMPENSATION INCLUDES AN ANNUAL INCENTIVE PLAN THAT PROVIDES ADDITIONAL COMPENSATION BASED ON THE ACHIEVEMENT OF ORGANIZATION GOALS AND METRICS INCLUDING FINANCIAL AND NON-FINANCIAL MEASURES. THE PLAN IS APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF SHEPPARD PRATT HEALTH SYSTEM, INC.

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 corporations and trusts

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

  • SHEPPARD PRATT PREFERRED RESOURCES INC

    C · INACTIVE · MD

  • SHEPPARD PRATT ASSURANCE COMPANY LLC

    C · INSURANCE · CJ

  • OMNI HOUSE INC

    C · RENTAL FACILITIES FOR MENTAL HEALTH · MD

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2025
IRS schema version
2023v6.0
Source object
202511329349306846

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