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Nonprofiteer
← VPS MEDICAL SERVICES PC

Form 990 for tax year 2023

Filed by VPS MEDICAL SERVICES PC.

Totals

Total revenue
$10,046,449
Total expenses
$11,274,765
Contributions and grants received
$181,790
Grants paid
$0
Program service revenue
$9,864,659
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,758,728
Total liabilities, end of year
$7,833,498
Net assets or fund balances, end of year
-$3,074,770
Program services expenses (Part IX)
$10,153,200
Management and general expenses
$1,121,565
Fundraising expenses
$0
Program service expenses (Part III)
$10,153,200

Program services were 90.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SARA B LEONARD MD

    MEDICAL DIRECTOR - VPS

    Total calculated
    $300,229
    From this org
    $278,712
    From related orgs
    $0
    Other
    $21,517
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $278,712
    Bonus
    $0
    Other
    $0
    Deferred
    $11,213
    Nontaxable benefits
    $10,304
    Filer's total
    $300,229

  • Alex Binder

    Vice Chairman

    Total calculated
    $280,067
    From this org
    $0
    From related orgs
    $261,515
    Other
    $18,552
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,515 related
    Bonus
    $0 + $34,000 related
    Other
    $0
    Deferred
    $0 + $8,992 related
    Nontaxable benefits
    $0 + $9,560 related
    Filer's total
    $0 + $280,067 related

  • YEVGENIY D VAYSBERG MD

    PHYSICIAN, MD - VPS

    Total calculated
    $273,031
    From this org
    $239,630
    From related orgs
    $0
    Other
    $33,401
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $239,630
    Bonus
    $0
    Other
    $0
    Deferred
    $9,972
    Nontaxable benefits
    $23,429
    Filer's total
    $273,031

  • VIKRANTA SHARMA MD

    MED DIR HOS/PALL CARE PRO

    Total calculated
    $265,461
    From this org
    $254,485
    From related orgs
    $0
    Other
    $10,976
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $231,985
    Bonus
    $22,500
    Other
    $0
    Deferred
    $9,074
    Nontaxable benefits
    $1,902
    Filer's total
    $265,461

  • DEBORAH L BESSEN MD

    PHYSICIAN, MD - VPS

    Total calculated
    $195,245
    From this org
    $185,614
    From related orgs
    $0
    Other
    $9,631
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $185,614
    Bonus
    $0
    Other
    $0
    Deferred
    $7,263
    Nontaxable benefits
    $2,368
    Filer's total
    $195,245

  • KATHRYN E CORBET

    NURSE PRACTITIONER

    Total calculated
    $194,611
    From this org
    $186,970
    From related orgs
    $0
    Other
    $7,641
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $186,970
    Bonus
    $0
    Other
    $0
    Deferred
    $6,668
    Nontaxable benefits
    $973
    Filer's total
    $194,611

  • ROBERT MUNIZ

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • ELI FELDMAN MBA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PETER GAYLORD MBA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CLIFFORD HOLLAND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DONNA SILBERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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
  • 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 7
THE ORGANIZATION'S SENIOR MANAGEMENT is eligible for A MANAGEMENT INCENTIVE PERFORMANCE (MIP) SALARY ADJUSTMENT. THE MIP IS RECOMMENDED BY THE ORGANIZATION'S COMPENSATION COMMITTEE AND APPROVED BY THE BOARD AFTER CONSIDERATION OF COMPENSATION ARRANGEMENTS PAID BY SIMILARLY SITUATED ORGANIZATIONS FOR SIMILAR SERVICES, COMPENSATION SURVEYS, AND OTHER MATTERS TO DETERMINE THAT NO MORE THAN REASONABLE COMPENSATION IS PAID. THE OVERALL BONUS POOL IS CALCULATED BASED ON COMPANY PERFORMANCE IN SEVERAL CATEGORIES (FINANCIAL, QUALITY, ENGAGEMENT). WITHIN THOSE CATEGORIES, GOALS FOR DIFFERENT METRICS (EBIDA, CASH DAYS ON HAND, 30 DAY READMISSIONS, EMPLOYEE SATISFACTION) ARE ESTABLISHED AT THE BEGINNING OF THE YEAR AND ASSIGNED WEIGHT. SENIOR LEADERSHIP CONSIDERS AN INDIVIDUAL'S PERFORMANCE TO DETERMINE HOW MUCH TO AWARD EACH EMPLOYEE BASED ON OVERALL SIZE OF THE BONUS POOL. THE MIP PAYMENT IS REPORTED IN PART II.

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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403199349317685

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