Form 990 for tax year 2024
Filed by UNIVERSITY OF MARYLAND NEUROSURGERY ASSOCIATES P A.
Totals
- Total revenue
- $18,208,450
- Total expenses
- $17,117,922
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $18,197,861
- Investment income
- $10,589
- Other revenue
- $0
- Total assets, end of year
- $6,305,923
- Total liabilities, end of year
- $5,543,293
- Net assets or fund balances, end of year
- $762,630
- Program services expenses (Part IX)
- $15,459,176
- Management and general expenses
- $1,658,746
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $15,459,176
Program services were 90.3% 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: PATIENT SERVICE REVENUE
total $8,502,903 · related or exempt $8,502,903
-
2b · Program service revenue: CONTRACT AND OTHER REVENUE
total $9,694,958 · related or exempt $9,694,958
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $10,589 · excluded $10,589
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,462,972 · program services $1,462,972
-
7 · Other salaries and wages
total $7,409,058 · program services $6,901,361 · management and general $507,697
-
8 · Pension plan contributions
total $406,893 · program services $364,378 · management and general $42,515
-
9 · Other employee benefits
total $678,794 · program services $593,125 · management and general $85,669
-
10 · Payroll taxes
total $314,638 · program services $280,819 · management and general $33,819
-
11b · Fees: legal
total $2,565 · program services $1,795 · management and general $770
-
11c · Fees: accounting
total $82,073 · management and general $82,073
-
11g · Fees: other
total $2,799,836 · program services $2,515,583 · management and general $284,253 · fundraising $0
-
12 · Advertising and promotion
total $159 · program services $111 · management and general $48
-
13 · Office expenses
total $123,594 · program services $75,460 · management and general $48,134
-
14 · Information technology
total $184,980 · program services $177,027 · management and general $7,953
-
16 · Occupancy
total $168,171 · program services $117,904 · management and general $50,267
-
17 · Travel
total $12,645 · program services $8,852 · management and general $3,793
-
19 · Conferences, conventions and meetings
total $143,975 · program services $143,953 · management and general $22
-
21 · Payments to affiliates
total $1,001,960 · program services $1,001,960
-
22 · Depreciation, depletion and amortization
total $9,639 · program services $6,747 · management and general $2,892
-
23 · Insurance
total $759,271 · program services $733,076 · management and general $26,195
-
24a · Other expenses: UNIVERSITY TRANSFERS
total $804,314 · program services $804,314
-
24b · Other expenses: BAD DEBT EXPENSE
total $424,559 · management and general $424,559
-
24c · Other expenses: DEPARTMENTAL DEVELOPMENT
total $162,884 · program services $162,884
-
24d · Other expenses: OTHER EMPLOYEE EXPENSES
total $83,934 · program services $35,289 · management and general $48,645
-
24e · All other expenses
total $81,008 · program services $71,566 · management and general $9,442 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year -$46,191 · end of year -$349,767
-
2 · Savings and temporary cash investments
beginning of year $2,189,179 · end of year $2,377,274
-
4 · Accounts receivable
beginning of year $748,944 · end of year $1,375,628
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $3,499 · end of year $3,528
-
10a · Land, buildings and equipment: cost or other basis
$67,474
-
10b · Land, buildings and equipment: accumulated depreciation
$37,754
-
10c · Land, buildings and equipment, net
beginning of year $39,360 · end of year $29,720
-
11 · Investments: publicly traded securities
beginning of year $795,354 · end of year $813,170
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $760,591 · end of year $2,056,370
-
17 · Accounts payable and accrued expenses
beginning of year $2,918,128 · end of year $3,132,935
-
22 · Loans and payables to officers and key people
end of year $0
-
25 · Other liabilities
beginning of year $1,884,279 · end of year $2,410,358
-
27 · Net assets without donor restrictions
beginning of year -$311,671 · end of year $762,630
Mission and programs · 2024
Mission
UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE, MEDICAL SERVICES ARE RENDERED BY THE MEMBERS OF THE FACULTY ON BEHALF OF THE SCHOOL OF MEDICINE IN CONNECTION WITH THEIR DUTIES TO PROVIDE CLINICAL INSTRUCTION FOR MEDICAL STUDENTS AND OTHER TRAINEES AND TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR SERVICES.
-
UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE, MEDICAL SERVICES ARE RENDERED BY THE MEMBERS OF THE FACULTY ON BEHALF OF THE SCHOOL OF MEDICINE IN CONNECTION WITH THEIR DUTIES TO PROVIDE CLINICAL INSTRUCTION FOR MEDICAL STUDENTS AND OTHER TRAINEES AND TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR SERVICES.
Expenses $15,459,176 · Revenue $18,197,861
As filed on the 2024 return.
Listed in Part VII
-
Graeme Woodworth MD
PRESIDENT
- Total calculated
- $976,786
- From this org
- $937,518
- From related orgs
- $0
- Other
- $39,268
- Hours/week
- 20 + 1 related
Schedule J breakdown matched by us
- Base
- $623,216
- Bonus
- $314,302
- Other
- $0
- Deferred
- $35,518
- Nontaxable benefits
- $3,750
- Filer's total
- $976,786
-
Howard Eisenberg MD
VICE PRESIDENT
- Total calculated
- $49,795
- From this org
- $44,827
- From related orgs
- $0
- Other
- $4,968
- Hours/week
- 6
-
Marc J Simard MD PHD
TREASURER
- Total calculated
- $66,066
- From this org
- $59,874
- From related orgs
- $0
- Other
- $6,192
- Hours/week
- 5
-
David Newton
SECRETARY
- Total calculated
- $335,781
- From this org
- $0
- From related orgs
- $302,939
- Other
- $32,842
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $268,223 related
- Bonus
- $0 + $34,716 related
- Other
- $0
- Deferred
- $0 + $28,637 related
- Nontaxable benefits
- $0 + $4,205 related
- Filer's total
- $0 + $335,781 related
-
Alex Ksendzovsky MD PHD
PHYSICIAN
- Total calculated
- $397,043
- From this org
- $380,274
- From related orgs
- $0
- Other
- $16,769
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- $286,365
- Bonus
- $93,909
- Other
- $0
- Deferred
- $13,019
- Nontaxable benefits
- $3,750
- Filer's total
- $397,043
-
Charles Sansur MD
PHYSICIAN
- Total calculated
- $376,110
- From this org
- $362,577
- From related orgs
- $0
- Other
- $13,533
- Hours/week
- 9
Schedule J breakdown matched by us
- Base
- $188,475
- Bonus
- $174,102
- Other
- $0
- Deferred
- $9,783
- Nontaxable benefits
- $3,750
- Filer's total
- $376,110
-
Jacob Cherian MD
PHYSICIAN
- Total calculated
- $465,051
- From this org
- $445,687
- From related orgs
- $0
- Other
- $19,364
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- $323,778
- Bonus
- $121,909
- Other
- $0
- Deferred
- $15,614
- Nontaxable benefits
- $3,750
- Filer's total
- $465,051
-
Mohamed Labib MD
PHYSICIAN
- Total calculated
- $339,273
- From this org
- $326,508
- From related orgs
- $0
- Other
- $12,765
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- $232,599
- Bonus
- $93,909
- Other
- $0
- Deferred
- $12,765
- Nontaxable benefits
- $0
- Filer's total
- $339,273
-
Timothy Chryssikos MD PHD
PHYSICIAN
- Total calculated
- $396,461
- From this org
- $376,321
- From related orgs
- $0
- Other
- $20,140
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- $301,360
- Bonus
- $74,961
- Other
- $0
- Deferred
- $16,390
- Nontaxable benefits
- $3,750
- Filer's total
- $396,461
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
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 6a · Pay contingent on this organization's net earnings
- 7 · Other non-fixed payments
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
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization
- THE ORGANIZATION HAS VARIABLE COMPENSATION ARRANGEMENTS WHICH TAKE INTO CONSIDERATION REVENUES, NET EARNINGS, AND OTHER OPERATIONAL TARGETS, SOME OF WHICH ARE POSITION SPECIFIC AND OTHERS WHICH ARE ORGANIZATION WIDE.
- Schedule J, Part I, Line 7 Non-fixed payments
- THE ORGANIZATION HAS VARIABLE COMPENSATION ARRANGEMENTS WHICH TAKE INTO CONSIDERATION REVENUES, NET EARNINGS, AND OTHER OPERATIONAL TARGETS, SOME OF WHICH ARE POSITION SPECIFIC AND OTHERS WHICH ARE ORGANIZATION WIDE.
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.
-
UNIVERSITY OF MARYLAND FACULTY PHYSICIANS INC
501(c)(3) · COORDINATION AND IMPLEMENTATION OF A MEDICAL SERVICE PLAN · MD
Directly controlled by NA
-
501(c)(3) · EMPLOYMENT SERVICES TO THE PROFESSIONAL ASSOCIATIONS (PA) SCHOOL OF MEDICINE · MD
Directly controlled by NA
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.
-
UNIVERSITY OF MARYLAND MEDICINE
Related · MEDICAL SERVICES · MD · 30% owned · share of income -$54,128 · share of assets $795,555
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2026
- IRS schema version
- 2024v5.1
- Source object
- 202601359349301910
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