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Nonprofiteer
← MEDICAL FACULTY ASSOCIATES INC

Form 990 for tax year 2022

Filed by MEDICAL FACULTY ASSOCIATES INC.

Totals

Total revenue
$380,795,193
Total expenses
$461,798,922
Contributions and grants received
$12,734,010
Grants paid
$0
Program service revenue
$365,863,046
Investment income
$905,363
Other revenue
$1,292,774
Total assets, end of year
$229,405,339
Total liabilities, end of year
$466,136,965
Net assets or fund balances, end of year
-$236,731,626
Program services expenses (Part IX)
$415,368,500
Management and general expenses
$46,430,422
Fundraising expenses
$0
Program service expenses (Part III)
$415,368,500

Program services were 89.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BARBARA BASS MD

    CEO - EX OFFICIO

    Total calculated
    $1,399,361
    From this org
    $0
    From related orgs
    $1,253,794
    Other
    $145,567
    Hours/week
    15 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,226,436 related
    Bonus
    $0
    Other
    $0 + $27,358 related
    Deferred
    $0 + $125,860 related
    Nontaxable benefits
    $0 + $19,707 related
    Filer's total
    $0 + $1,399,361 related

  • ELLEN ZANE

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    0.5

  • MICHAEL KNIGHT MD

    CHAIR TRUSTEE

    Total calculated
    $345,034
    From this org
    $330,324
    From related orgs
    $400
    Other
    $14,310
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,000 + $400 related
    Bonus
    $29,800
    Other
    $524
    Deferred
    $12,200
    Nontaxable benefits
    $2,110
    Filer's total
    $344,634 + $400 related

  • ROBERT ZEMAN MD

    CHAIR TRUSTEE

    Total calculated
    $664,429
    From this org
    $636,330
    From related orgs
    $0
    Other
    $28,099
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $587,055
    Bonus
    $20,600
    Other
    $28,675
    Deferred
    $12,200
    Nontaxable benefits
    $15,899
    Filer's total
    $664,429

  • NANCY GABA MD

    CHAIR TRUSTEE AND SECRETARY

    Total calculated
    $665,926
    From this org
    $639,159
    From related orgs
    $0
    Other
    $26,767
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $599,432
    Bonus
    $0
    Other
    $39,727
    Deferred
    $12,200
    Nontaxable benefits
    $14,567
    Filer's total
    $665,926

  • ANTON SIDAWY MD

    CHIEF PHYSICIAN EXEC - EX OFFICIO

    Total calculated
    $1,059,901
    From this org
    $1,043,279
    From related orgs
    $0
    Other
    $16,622
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,005,342
    Bonus
    $12,791
    Other
    $25,146
    Deferred
    $12,200
    Nontaxable benefits
    $4,422
    Filer's total
    $1,059,901

  • BRUNO FERNANDES

    PRESIDENT-APPT TRUSTEE & TREASURER

    Total calculated
    $458,106
    From this org
    $0
    From related orgs
    $455,279
    Other
    $2,827
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $454,611 related
    Bonus
    $0
    Other
    $0 + $668 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,827 related
    Filer's total
    $0 + $458,106 related

  • RICHARD POPIEL MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • PAMELA LAWRENCE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • DEBORAH JOELSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • NELSON CARBONELL JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • D WAYNE BRACKIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MARC ALBERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MARK CHICHESTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • LANCE KAPLAN

    CFO

    Total calculated
    $482,236
    From this org
    $0
    From related orgs
    $442,038
    Other
    $40,198
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $417,634 related
    Bonus
    $0 + $11,875 related
    Other
    $0 + $12,529 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $9,698 related
    Filer's total
    $0 + $482,236 related

  • ROBERT SHESSER

    CHAIRMAN, DEPT OF EMERGENCY MEDICINE

    Total calculated
    $598,529
    From this org
    $577,258
    From related orgs
    $0
    Other
    $21,271
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $541,739
    Bonus
    $9,149
    Other
    $26,370
    Deferred
    $12,200
    Nontaxable benefits
    $9,071
    Filer's total
    $598,529

  • BEN RIESTRA

    COO

    Total calculated
    $196,511
    From this org
    $184,928
    From related orgs
    $0
    Other
    $11,583
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,928
    Bonus
    $0
    Other
    $0
    Deferred
    $7,567
    Nontaxable benefits
    $4,016
    Filer's total
    $196,511

  • WILLIAM BORDEN

    INT. CHAIR, DEPT OF MED

    Total calculated
    $631,346
    From this org
    $603,438
    From related orgs
    $0
    Other
    $27,908
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $584,288
    Bonus
    $17,328
    Other
    $1,822
    Deferred
    $12,200
    Nontaxable benefits
    $15,708
    Filer's total
    $631,346

  • MICHAEL K ROSNER

    PHYSICIAN

    Total calculated
    $1,372,122
    From this org
    $1,355,159
    From related orgs
    $0
    Other
    $16,963
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,195,211
    Bonus
    $154,676
    Other
    $5,272
    Deferred
    $12,200
    Nontaxable benefits
    $4,763
    Filer's total
    $1,372,122

  • WAYNE J OLAN

    PHYSICIAN

    Total calculated
    $936,518
    From this org
    $909,504
    From related orgs
    $0
    Other
    $27,014
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $689,432
    Bonus
    $209,380
    Other
    $10,692
    Deferred
    $12,200
    Nontaxable benefits
    $14,814
    Filer's total
    $936,518

  • MICHAEL J OLDING

    PHYSICIAN

    Total calculated
    $943,581
    From this org
    $926,049
    From related orgs
    $0
    Other
    $17,532
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $517,101
    Bonus
    $408,948
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $5,332
    Filer's total
    $943,581

  • DIMITRIOS SIGOUNAS

    PHYSICIAN

    Total calculated
    $849,556
    From this org
    $826,463
    From related orgs
    $0
    Other
    $23,093
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $579,258
    Bonus
    $245,825
    Other
    $1,380
    Deferred
    $12,200
    Nontaxable benefits
    $10,893
    Filer's total
    $849,556

  • AMEET SINGH

    PHYSICIAN

    Total calculated
    $788,782
    From this org
    $785,592
    From related orgs
    $0
    Other
    $3,190
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $485,000
    Bonus
    $299,242
    Other
    $1,350
    Deferred
    $0
    Nontaxable benefits
    $3,190
    Filer's total
    $788,782

  • ALAN G WASSERMAN

    FORMER CHAIR, DEPT OF MED

    Total calculated
    $599,984
    From this org
    $0
    From related orgs
    $552,160
    Other
    $47,824
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $508,222 related
    Bonus
    $0
    Other
    $0 + $43,938 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $17,324 related
    Filer's total
    $0 + $599,984 related

  • JEFFREY BERGER

    FORMER CHAIRMAN, DEPT OF ANESTH.

    Total calculated
    $660,599
    From this org
    $644,525
    From related orgs
    $0
    Other
    $16,074
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $640,075
    Bonus
    $2,200
    Other
    $2,250
    Deferred
    $12,200
    Nontaxable benefits
    $3,874
    Filer's total
    $660,599

  • PAMELA MCCLAIN

    FORMER COO

    Total calculated
    $445,915
    From this org
    $432,408
    From related orgs
    $0
    Other
    $13,507
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $365,784
    Bonus
    $55,829
    Other
    $10,795
    Deferred
    $12,200
    Nontaxable benefits
    $1,307
    Filer's total
    $445,915

  • MARK DIAZ

    FORMER EXECUTIVE VP AND CFO

    Total calculated
    $2,442,038
    From this org
    $0
    From related orgs
    $2,398,079
    Other
    $43,959
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $501,845 related
    Bonus
    $0 + $874,000 related
    Other
    $0 + $1,022,234 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $13,459 related
    Filer's total
    $0 + $2,442,038 related

  • JEFFREY S AKMAN

    FORMER VP-HEALTH AFF. & DEAN OF SMHS

    Total calculated
    $494,043
    From this org
    $0
    From related orgs
    $453,561
    Other
    $40,482
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $413,365 related
    Bonus
    $0
    Other
    $0 + $40,196 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $9,982 related
    Filer's total
    $0 + $494,043 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

  • 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
  • 7 · Other non-fixed payments

Answered no

  • 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 4A
THE FOLLOWING INDIVIDUAL LISTED ON SCHEDULE J WAS PAID A SEVERANCE PAYMENT FROM GW: MARK DIAZ $976,440
PART I, LINE 7
MFA OFFERED AN ANNUAL INCENTIVE COMPENSATION PLAN FOR CERTAIN SENIOR OFFICIALS. THE ANNUAL AWARD OPPORTUNITY IS CAPPED AT A PERCENTAGE OF THEIR SALARY. THE PLAN INCLUDES PROGRAMMATIC THRESHOLDS FOR THE YEAR. THE PLAN IS APPROVED BY THE BOARD OF TRUSTEES' EXECUTIVE AND COMPENSATION COMMITTEE (THE "COMMITTEE"). PRIOR TO THE PAYOUT, THE COMMITTEE REVIEWS THE PERFORMANCE OF SENIOR OFFICIALS BASED ON STATED THRESHOLDS AND OBJECTIVES AND AWARDS THE INCENTIVE PAYMENTS AFTER REVIEW AND CONSIDERATIONS OF COMPARABLE MARKET DATA.

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.

  • 2300 M STREET LEASING LLC

    RENTAL/LEASING ACTIVITIES · DE · income $9,459,117 · assets $20,807,138

    Directly controlled by MEDICAL FACULTY ASSOCIATES INC

  • ADVENTIST - MEDICAL FACULTY ASSOCIATES LLC

    TO PROVIDE PROFESSIONAL PHYSICIAN SERVICES TO PATIENTS IN THE MD/DC AREA · MD · income $0 · assets $0

    Directly controlled by MEDICAL FACULTY ASSOCIATES INC

  • MFA INTERNATIONAL LLC

    HOLDING COMPANY · DE · income $0 · assets $0

    Directly controlled by MEDICAL FACULTY ASSOCIATES INC

  • MFA PHYSICIANS INSURANCE COMPANY LLC

    TO PROIVDE CLAIMS-MADE INSURANCE COVERAGE TO MFA AND ITS PHYSICIANS · DC · income $14,561,580 · assets $55,545,681

    Directly controlled by MEDICAL FACULTY ASSOCIATES INC

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202401319349303400

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