Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: PATIENT SERVICES

  total $72,833,497 · related or exempt $72,833,497

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $7,999,084 · related or exempt $7,999,084

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $7,999,084

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,082,493 · program services $1,082,493

• 7 · Other salaries and wages

  total $46,408,711 · program services $46,408,711

• 8 · Pension plan contributions

  total $708,670 · program services $708,670

• 9 · Other employee benefits

  total $5,018,209 · program services $5,018,209

• 10 · Payroll taxes

  total $2,787,994 · program services $2,787,994

• 11a · Fees: management

  total $5,070,553 · management and general $5,070,553

• 11g · Fees: other

  total $3,549,925 · program services $3,548,790 · management and general $1,135 · fundraising $0

• 12 · Advertising and promotion

  total $5,579 · program services $5,579

• 13 · Office expenses

  total $895,415 · program services $895,415

• 14 · Information technology

  total $2,026 · program services $2,026

• 16 · Occupancy

  total $496,113 · program services $496,113

• 17 · Travel

  total $27,517 · program services $27,517

• 19 · Conferences, conventions and meetings

  total $39,640 · program services $39,640

• 22 · Depreciation, depletion and amortization

  total $3,199,183 · program services $3,166,690 · management and general $32,493

• 23 · Insurance

  total $979,983 · program services $979,983

• 24a · Other expenses: Medical surgical & pharmacy supplies

  total $5,295,976 · program services $5,294,776 · management and general $1,200

• 24b · Other expenses: Repairs and Maintenance

  total $1,047,729 · program services $1,047,729

• 24c · Other expenses: Waste Removal

  total $104,152 · program services $104,152

• 24d · Other expenses: Armored Car Service

  total $89,444 · program services $89,444

• 24e · All other expenses

  total $14,612 · program services $5,733 · management and general $8,879 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $35,027,048

• 4 · Accounts receivable

  end of year $57,261,865

• 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

• 9 · Prepaid expenses and deferred charges

  beginning of year -$3,230 · end of year -$3,468

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

  $44,217,579

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

  $21,596,927

• 10c · Land, buildings and equipment, net

  beginning of year $23,047,094 · end of year $22,620,652

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $511,287 · end of year $277,681

• 17 · Accounts payable and accrued expenses

  beginning of year $10,292,961 · end of year $10,713,971

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $2,648,158 · end of year $4,792,042

• 27 · Net assets without donor restrictions

  beginning of year $45,641,080 · end of year $64,650,717

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

THE ORGANIZATION RELIED ON A RELATED ORGANIZATION AND THAT RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION: 1. COMPENSATION COMMITTEE; 2. INDEPENDENT COMPENSATION CONSULTANT; 3. COMPENSATION SURVEY OR STUDY; AND 4. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Schedule J, Part I, Line 7 Non-fixed payments

TO ENSURE SALARIES ARE CONSISTENT WITH FAIR MARKET VALUE AS WELL AS TO MINIMIZE THE CORPORATION'S RISK WITH RESPECT TO OPERATING ITS PHYSICIANS ENTERPRISE, THE CORPORATION HAS DEVELOPED A COMPENSATION MODEL BASED ON INDIVIDUAL PHYSICIAN PRODUCTIVITY IN PROVIDING PATIENT CARE SERVICES. THE MODEL ESENTIALLY MIRRORS WHAT A PHYSICIAN WOULD EARN IN PRIVATE PRACTICE IN THAT IT TAKES INTO ACCOUNT THE PROFESSIONAL FEE REVENUE THE PHYSICIAN GENERATES THROUGH HIS OR HER OWN PROFESSIONAL. BECAUSE THE METHODOLOGY IS BASED ON REVENUE, WE ANSWERED QUESTION 7 AFFIRMATIVELY.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• Integrative & Complementary Services LLC

  Medical service · MD · income $0 · assets $0

  Directly controlled by Maryland Family Care Inc

Related corporations and trusts

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

• VASCULAR SPECIALTY SERVICES INC

  C Corporation · MEDICAL PRACTICE · MD

  Directly controlled by NA