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Nonprofiteer
← TUFTS MEDICAL CENTER PHYSICIANS ORGANIZATION INC

Form 990 for tax year 2022

Filed by TUFTS MEDICAL CENTER PHYSICIANS ORGANIZATION INC.

Totals

Total revenue
$30,625,016
Total expenses
$49,269,002
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$30,561,346
Investment income
$63,670
Other revenue
$0
Total assets, end of year
$173,305,984
Total liabilities, end of year
$39,041,843
Net assets or fund balances, end of year
$134,264,141
Program services expenses (Part IX)
$45,297,831
Management and general expenses
$3,971,171
Fundraising expenses
$0
Program service expenses (Part III)
$45,297,831

Program services were 91.9% 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: SUPPORT REVENUE

    total $17,895,674 · related or exempt $17,895,674

  • 2b · Program service revenue: CLINIC, TEACH & ADMIN.

    total $12,665,672 · related or exempt $12,665,672

  • 3 · Investment income

    total $63,670 · excluded $63,670

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $25,353,828 · program services $25,353,828

  • 8 · Pension plan contributions

    total $636,831 · program services $636,831

  • 9 · Other employee benefits

    total $6,378,222 · program services $6,378,222

  • 10 · Payroll taxes

    total $559,215 · program services $559,215

  • 11b · Fees: legal

    total $728,505 · management and general $728,505

  • 11c · Fees: accounting

    total -$102,098 · management and general -$102,098

  • 11g · Fees: other

    total $1,596,186 · program services $1,596,186

  • 13 · Office expenses

    total $29,521 · program services $23,617 · management and general $5,904

  • 16 · Occupancy

    total $515,781 · program services $515,781

  • 17 · Travel

    total $9,331 · program services $9,331

  • 20 · Interest

    total $444,446 · program services $444,446

  • 22 · Depreciation, depletion and amortization

    total $41,810 · program services $41,810

  • 23 · Insurance

    total -$3,700,708 · program services -$3,700,708

  • 24a · Other expenses: PURCHASED SERVICES

    total $12,296,253 · program services $9,837,002 · management and general $2,459,251

  • 24b · Other expenses: SUPPLIES

    total $1,948,756 · program services $1,559,005 · management and general $389,751

  • 24c · Other expenses: PRINTING & PUBLICATION

    total $83,828 · program services $83,828

  • 24d · Other expenses: TRAINING

    total $73,045 · program services $58,436 · management and general $14,609

  • 24e · All other expenses

    total $2,376,250 · program services $1,901,001 · management and general $475,249

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,301,686 · end of year $2,799,155

  • 4 · Accounts receivable

    beginning of year $7,794,475 · end of year -$6,343,166

  • 9 · Prepaid expenses and deferred charges

    beginning of year $279,645 · end of year $194,212

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

    $1,804,319

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

    $1,703,186

  • 10c · Land, buildings and equipment, net

    beginning of year $143,861 · end of year $101,133

  • 15 · Other assets

    beginning of year $126,211,030 · end of year $176,554,650

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,305,927 · end of year $1,549,727

  • 23 · Secured mortgages and notes payable

    beginning of year $7,500,000 · end of year $7,500,000

  • 25 · Other liabilities

    beginning of year $28,123,411 · end of year $29,992,116

  • 27 · Net assets without donor restrictions

    beginning of year $91,801,359 · end of year $134,264,141

Mission and programs · 2022

Mission

THE TUFTS MEDICAL CENTER PHYSICIANS ORGANIZATION, INC. SUPPORTS THE TUFTS GROUP PRACTICES IN THEIR MISSION OF PROVIDING QUALITY HEALTH CARE SERVICES TO THE PATIENTS OF TUFTS MEDICAL CENTER, INC. AND TO THE RESIDENTS OF THE COMMUNITY IT SERVES.

Activities or mission (Part I)

THE TUFTS MEDICAL CENTER PHYSICIANS ORGANIZATION, INC. COORDINATES THE ADMINISTRATIVE AND BILLING ACTIVITIES FOR THE GROUP PRACTICES IN THEIR MISSION OF PROVIDING QUALITY HEALTH CARE SERVICES TO PATIENTS OF TUFTS MEDICAL CENTER, INC. AND TO THE RESIDENTS OF THE COMMUNITIES IT SERVES.

  • THE TUFTS MEDICAL CENTER PHYSICIANS ORGANIZATION, INC. SUPPORTS THE FOLLOWING CORPORATIONS (THE "GROUP PRACTICE"), ALL EXEMPT CORPORATIONS UNDER SECTION 501(C)(3), IN THEIR MISSION OF PROVIDING QUALITY HEALTH CARE SERVICES TO PATIENTS OF TUFTS MEDICAL CENTER, INC. AND TO THE RESIDENTS OF THE COMMUNITY IT SERVES; 1. NEW ENGLAND MEDICAL CENTER GROUP PRACTICE, INC. D/B/A PRATT NEUROSURGICAL ASSOCIATES, INC., 2. PRATT ANESTHESIOLOGY ASSOCIATES, INC., 3. PRATT MEDICAL & SURGICAL DERMATOLOGY ASSOCIATES, INC., 4. PRATT NEUROLOGY ASSOCIATES, INC., 5. PRATT OB/GYN ASSOCIATES, INC., 6. PRATT OPHTHALMOLOGY ASSOCIATES, INC., 7. PRATT OTOLARYNGOLOGY - HEAD & NECK SURGERY ASSOCIATES, INC., 8. PRATT PATHOLOGY ASSOICATES, INC., 9. PRATT PEDIATRIC ASSOCIATES, INC., 10. PRATT PSYCHIATRIC ASSOCIATES, INC., 11. PRATT RADIOLOGY ASSOCIATES, INC., 12. PRATT RADIATION ONCOLOGY ASSOCIATES, INC., 13. PRATT REHABILITATION MEDICINE ASSOCIATES, INC., 14. PRATT SURGICAL ASSOCIATES, INC., 15. PRATT UROLOGY ASSOCIATES, INC., 16. PRATT MEDICAL GROUP, INC., 17. PRATT ORTHOPEDIC ASSOCIATES, INC., 18. CARDIOVASCULAR CENTER AT TUFTS MEDICAL CENTER, INC., 19. TUFTS MEDICAL CENTER COMMUNITY CARE, INC., 20. HEART CENTER OF METRO WEST, INC. THE ORGANIZATION COORDINATES THE ADMINISTRATIVE AND BILLING ACTIVITIES FOR THE GROUP PRACTICE AND CHARGES THEM FOR THESE SERVICES.

    Expenses $45,297,831 · Revenue $30,561,346

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

Listed in Part VII

  • GEOFFREY BINNEY MD

    DIRECTOR

    Total calculated
    $556,935
    From this org
    $0
    From related orgs
    $504,661
    Other
    $52,274
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $412,087 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $32,574 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $21,774 related
    Filer's total
    $0 + $556,935 related

  • DEBORAH BLAZEY-MARTIN MD

    DIRECTOR (UNTIL 12/22)

    Total calculated
    $379,038
    From this org
    $0
    From related orgs
    $330,593
    Other
    $48,445
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,315 related
    Bonus
    $0 + $47,488 related
    Other
    $0 + $11,790 related
    Deferred
    $0 + $25,221 related
    Nontaxable benefits
    $0 + $23,224 related
    Filer's total
    $0 + $379,038 related

  • CHARLES CASSIDY MD

    DIRECTOR

    Total calculated
    $1,100,644
    From this org
    $0
    From related orgs
    $1,046,428
    Other
    $54,216
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $673,117 related
    Bonus
    $0 + $356,306 related
    Other
    $0 + $17,005 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $23,716 related
    Filer's total
    $0 + $1,100,644 related

  • KAREN FREUND MD

    DIRECTOR

    Total calculated
    $703,774
    From this org
    $0
    From related orgs
    $649,618
    Other
    $54,156
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $538,371 related
    Bonus
    $0 + $98,872 related
    Other
    $0 + $12,375 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $23,656 related
    Filer's total
    $0 + $703,774 related

  • SUSAN GREEN

    DIRECTOR

    Total calculated
    $992,828
    From this org
    $0
    From related orgs
    $953,259
    Other
    $39,569
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $717,484 related
    Bonus
    $0 + $93,750 related
    Other
    $0 + $142,025 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $30,419 related
    Filer's total
    $0 + $992,828 related

  • CAREY KIMMELSTIEL MD

    DIRECTOR

    Total calculated
    $516,259
    From this org
    $0
    From related orgs
    $462,710
    Other
    $53,549
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $419,592 related
    Bonus
    $0 + $23,333 related
    Other
    $0 + $19,785 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $23,049 related
    Filer's total
    $0 + $516,259 related

  • DALLAS REED MD

    DIRECTOR

    Total calculated
    $315,538
    From this org
    $0
    From related orgs
    $270,770
    Other
    $44,768
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,383 related
    Bonus
    $0 + $21,390 related
    Other
    $0 + $16,997 related
    Deferred
    $0 + $25,375 related
    Nontaxable benefits
    $0 + $19,393 related
    Filer's total
    $0 + $315,538 related

  • REGINA ROCKEFELLER ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JEAN RUSSELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PAUL SUMMERGRAD MD

    DIRECTOR (UNTIL 5/23)

    Total calculated
    $564,419
    From this org
    $0
    From related orgs
    $510,785
    Other
    $53,634
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $425,970 related
    Bonus
    $0 + $39,544 related
    Other
    $0 + $45,271 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $23,134 related
    Filer's total
    $0 + $564,419 related

  • MICHAEL TARNOFF MD

    DIRECTOR

    Total calculated
    $1,363,493
    From this org
    $0
    From related orgs
    $1,169,150
    Other
    $194,343
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,002,619 related
    Bonus
    $0 + $154,500 related
    Other
    $0 + $12,031 related
    Deferred
    $0 + $167,561 related
    Nontaxable benefits
    $0 + $26,782 related
    Filer's total
    $0 + $1,363,493 related

  • MICHAEL WAGNER MD

    PRESIDENT, CEO

    Total calculated
    $1,010,313
    From this org
    $0
    From related orgs
    $974,085
    Other
    $36,228
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $820,604 related
    Bonus
    $0
    Other
    $0 + $153,481 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $27,078 related
    Filer's total
    $0 + $1,010,313 related

  • EMILY YOUNG

    DIRECTOR

    Total calculated
    $631,330
    From this org
    $0
    From related orgs
    $552,989
    Other
    $78,341
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $416,567 related
    Bonus
    $0 + $115,205 related
    Other
    $0 + $21,217 related
    Deferred
    $0 + $49,287 related
    Nontaxable benefits
    $0 + $29,054 related
    Filer's total
    $0 + $631,330 related

  • HELEN BOUCHER MD

    CHARIMAN

    Total calculated
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    not reported

  • ASSAD SIDDIQI

    TREASURER, CFO

    Total calculated
    $470,852
    From this org
    $0
    From related orgs
    $411,644
    Other
    $59,208
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $371,294 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $350 related
    Deferred
    $0 + $48,466 related
    Nontaxable benefits
    $0 + $10,742 related
    Filer's total
    $0 + $470,852 related

  • LAUREN RIPLEY

    SECRETARY, CLERK

    Total calculated
    $202,368
    From this org
    $0
    From related orgs
    $189,765
    Other
    $12,603
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,871 related
    Bonus
    $0 + $15,759 related
    Other
    $0 + $135 related
    Deferred
    $0 + $5,568 related
    Nontaxable benefits
    $0 + $7,035 related
    Filer's total
    $0 + $202,368 related

  • PETER NEUMANN

    VP OPERATIONS

    Total calculated
    $340,149
    From this org
    $316,720
    From related orgs
    $0
    Other
    $23,429
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,005
    Bonus
    $0
    Other
    $11,715
    Deferred
    $0
    Nontaxable benefits
    $23,429
    Filer's total
    $340,149

  • PAOLA SEBASTIANI MD

    PHYSICIAN

    Total calculated
    $280,434
    From this org
    $256,950
    From related orgs
    $0
    Other
    $23,484
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,785
    Bonus
    $0
    Other
    $4,165
    Deferred
    $14,605
    Nontaxable benefits
    $8,879
    Filer's total
    $280,434

  • PABLO ARGUESO MD

    PHYSICIAN

    Total calculated
    $290,624
    From this org
    $267,278
    From related orgs
    $0
    Other
    $23,346
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $258,315
    Bonus
    $0
    Other
    $8,963
    Deferred
    $0
    Nontaxable benefits
    $23,346
    Filer's total
    $290,624

  • JOSHUA COHEN MD

    PHYSICIAN

    Total calculated
    $267,283
    From this org
    $221,127
    From related orgs
    $0
    Other
    $46,156
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,561
    Bonus
    $0
    Other
    $9,566
    Deferred
    $22,884
    Nontaxable benefits
    $23,272
    Filer's total
    $267,283

  • DANIEL OLLENDORF MD

    PHYSICIAN

    Total calculated
    $254,197
    From this org
    $229,570
    From related orgs
    $0
    Other
    $24,627
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,448
    Bonus
    $0
    Other
    $2,122
    Deferred
    $22,884
    Nontaxable benefits
    $1,743
    Filer's total
    $254,197

  • KRISTINE M HANSCOM

    FORMER DIRECTOR

    Total calculated
    $505,746
    From this org
    $0
    From related orgs
    $429,675
    Other
    $76,071
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $139,292 related
    Bonus
    $0
    Other
    $0 + $290,383 related
    Deferred
    $0 + $71,912 related
    Nontaxable benefits
    $0 + $4,159 related
    Filer's total
    $0 + $505,746 related

  • DEEB N SALEM MD

    FORMER DIRECTOR

    Total calculated
    $634,229
    From this org
    $0
    From related orgs
    $608,383
    Other
    $25,846
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $523,944 related
    Bonus
    $0
    Other
    $0 + $84,439 related
    Deferred
    $0 + $5,048 related
    Nontaxable benefits
    $0 + $20,798 related
    Filer's total
    $0 + $634,229 related

  • CRAIG BEST MD

    FORMER DIRECTOR

    Total calculated
    $700,000
    From this org
    $0
    From related orgs
    $700,000
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $700,000 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $700,000 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 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINES 4A-B
4A. SEVERANCE PAYMENTS: CRAIG BEST, M.D. $700,000 4B. SECTION 457(F) RETIREMENT PLAN EMPLOYER DEFERRALS: KRISTINE HANSCOM, $67,684 EMILY YOUNG, $43,122 MICHAEL TARNOFF, $158,411 ASSAD SIDDIQI, $41,519
990, PART VII, SECTION A. LINE 5
HELEN BOUCHER, M.D. RECEIVED COMPENSATION FROM TUFTS UNIVERSITY, AN UNRELATED ORGANIZATION, FOR SERVICES RENDERED TO TUFTS MEDICINE, 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 partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202442289349302484

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