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Nonprofiteer
← COASTAL MEDICAL PHYSICIANS INC

Form 990 for tax year 2024

Filed by COASTAL MEDICAL PHYSICIANS INC.

Totals

Total revenue
$84,308,994
Total expenses
$101,407,376
Contributions and grants received
$1,255,314
Grants paid
$0
Program services expenses (Part IX)
$59,938,988
Management and general expenses
$41,468,388
Fundraising expenses
$0
Program service expenses (Part III)
$59,938,988

Program services were 59.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Peter K Markell

    Treasurer

    Total calculated
    $1,505,315
    From this org
    $0
    From related orgs
    $1,464,555
    Other
    $40,760
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,221,588 related
    Bonus
    $0
    Other
    $0 + $242,967 related
    Deferred
    $0 + $18,975 related
    Nontaxable benefits
    $0 + $21,785 related
    Filer's total
    $0 + $1,505,315 related

  • Timothy J Babineau MD

    Fmr Chair

    Total calculated
    $1,335,765
    From this org
    $0
    From related orgs
    $1,335,765
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $1,335,765 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $1,335,765 related

  • Dean G Roye MD

    Secretary

    Total calculated
    $1,003,541
    From this org
    $0
    From related orgs
    $845,405
    Other
    $158,136
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $745,658 related
    Bonus
    $0
    Other
    $0 + $99,747 related
    Deferred
    $0 + $123,743 related
    Nontaxable benefits
    $0 + $34,393 related
    Filer's total
    $0 + $1,003,541 related

  • Edward McGookin MD

    President

    Total calculated
    $700,576
    From this org
    $570,161
    From related orgs
    $0
    Other
    $130,415
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $549,431
    Bonus
    $0
    Other
    $20,730
    Deferred
    $96,537
    Nontaxable benefits
    $33,878
    Filer's total
    $700,576

  • Jeffrey T Gaines MD

    Chairperson

    Total calculated
    $509,576
    From this org
    $0
    From related orgs
    $426,586
    Other
    $82,990
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $353,435 related
    Bonus
    $0
    Other
    $0 + $73,151 related
    Deferred
    $0 + $52,293 related
    Nontaxable benefits
    $0 + $30,697 related
    Filer's total
    $0 + $509,576 related

  • Christopher Ferraro

    CFO

    Total calculated
    $472,361
    From this org
    $0
    From related orgs
    $416,509
    Other
    $55,852
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $391,623 related
    Bonus
    $0
    Other
    $0 + $24,886 related
    Deferred
    $0 + $52,493 related
    Nontaxable benefits
    $0 + $3,359 related
    Filer's total
    $0 + $472,361 related

  • Matthew T Salisbury MD

    Director

    Total calculated
    $445,459
    From this org
    $392,437
    From related orgs
    $0
    Other
    $53,022
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,894
    Bonus
    $157,301
    Other
    $2,242
    Deferred
    $19,558
    Nontaxable benefits
    $33,464
    Filer's total
    $445,459

  • John A Gaines MD

    Physician

    Total calculated
    $433,302
    From this org
    $395,829
    From related orgs
    $0
    Other
    $37,473
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,297
    Bonus
    $152,872
    Other
    $6,660
    Deferred
    $13,364
    Nontaxable benefits
    $24,109
    Filer's total
    $433,302

  • Paul R Larsen MD

    Physician

    Total calculated
    $423,770
    From this org
    $381,095
    From related orgs
    $0
    Other
    $42,675
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,576
    Bonus
    $74,404
    Other
    $1,115
    Deferred
    $9,017
    Nontaxable benefits
    $33,658
    Filer's total
    $423,770

  • Kenneth Wells MD

    Physician

    Total calculated
    $419,880
    From this org
    $404,683
    From related orgs
    $0
    Other
    $15,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,152
    Bonus
    $60,133
    Other
    $3,398
    Deferred
    $12,382
    Nontaxable benefits
    $2,815
    Filer's total
    $319,880

  • Jeffrey Manning MD

    Physician

    Total calculated
    $406,319
    From this org
    $361,460
    From related orgs
    $0
    Other
    $44,859
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $299,606
    Bonus
    $60,830
    Other
    $1,024
    Deferred
    $11,210
    Nontaxable benefits
    $33,649
    Filer's total
    $406,319

  • Kristen B Hubbard MD

    Director

    Total calculated
    $401,310
    From this org
    $369,956
    From related orgs
    $0
    Other
    $31,354
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $317,967
    Bonus
    $51,284
    Other
    $705
    Deferred
    $17,681
    Nontaxable benefits
    $13,673
    Filer's total
    $401,310

  • Ji Huiling MD

    Physician

    Total calculated
    $399,756
    From this org
    $360,265
    From related orgs
    $0
    Other
    $39,491
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,580
    Bonus
    $124,459
    Other
    $1,226
    Deferred
    $12,429
    Nontaxable benefits
    $27,062
    Filer's total
    $399,756

  • Robert Cicchelli MD

    Director

    Total calculated
    $369,919
    From this org
    $325,805
    From related orgs
    $0
    Other
    $44,114
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,921
    Bonus
    $88,477
    Other
    $3,407
    Deferred
    $11,319
    Nontaxable benefits
    $32,795
    Filer's total
    $369,919

  • Marjorie S Carges MD

    Vice Chair

    Total calculated
    $327,086
    From this org
    $286,121
    From related orgs
    $0
    Other
    $40,965
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,151
    Bonus
    $126,138
    Other
    $832
    Deferred
    $17,469
    Nontaxable benefits
    $23,496
    Filer's total
    $327,086

  • Christina Mitchell MD

    Director

    Total calculated
    $285,689
    From this org
    $239,258
    From related orgs
    $0
    Other
    $46,431
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,394
    Bonus
    $75,364
    Other
    $1,500
    Deferred
    $14,711
    Nontaxable benefits
    $31,720
    Filer's total
    $285,689

  • Penny McLean-Nowiski MD

    Director

    Total calculated
    $195,051
    From this org
    $181,315
    From related orgs
    $0
    Other
    $13,736
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,435
    Bonus
    $24,044
    Other
    $836
    Deferred
    $10,889
    Nontaxable benefits
    $2,847
    Filer's total
    $195,051

  • Anne Cushing-Brescia MD

    Director

    Total calculated
    $190,752
    From this org
    $181,947
    From related orgs
    $0
    Other
    $8,805
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,950
    Bonus
    $16,759
    Other
    $5,238
    Deferred
    $6,326
    Nontaxable benefits
    $2,479
    Filer's total
    $190,752

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 — 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

  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
Tax Indemnification and Grossed Up Payments: The Brown Health Executive Long Term Disability program provides financial protection to designated Brown Health physicians and executives in the event that they become disabled. Premiums are paid to the insurance carrier by the insureds on an after-tax basis to allow for income replacement at a reasonable cost. The income associated with the premiums is grossed up to cover the total cost of the benefit as provided in the Brown Health Executive Benefit Plan and is included in Medicare wages, more specifically on Schedule J, Part II, Column B (iii).
Schedule J, Part I, Line 3
Compensation of the BHMG Primary Care President is determined by the Compensation Committee of Brown Health. This committee's determination process utilizes a combination of an independent compensation consultant, written employment contracts, and compensation studies/surveys, along with approval by the Brown Health Board of Directors. Additionally, physician compensation is determined under a separate "physician compensation committee" established by BHMG Primary Care which take into consideration factors such as independent compensation consultants, written employment contracts, areas of specialty, productivity and/or quality incentive markers, recruiting challenges, and compensation studies/surveys.
Schedule J, Part I, Line 4
Line 4a: The following individual received severance and/or a change of control payment during the calendar year ending December 31, 2024: Timothy J. Babineau, MD, former trustee: $1,335,765. Line 4b: Brown Health offers a non-qualified supplemental employee retirement plan (SERP) to certain executives. The following individuals were credited with the non-vested amounts indicated during calendar year 2024 and such amounts are included in deferred compensation on Schedule J, Part II, Column C: Christopher Ferraro - $36,881. Jeffrey Gaines, MD - $31,593. Edward McGookin, MD - $76,894. G. Dean Roye, MD - $103,043. In 2024, the following individuals became vested in and were paid a 2019 non-qualified supplemental employee retirement plan (SERP) amount and such amounts are included in Medicare wages, more specifically on Schedule J, Part II, Column B(iii): Jeffrey Gaines, MD - $37,978. Peter K. Markell - $158,521. G. Dean Roye, MD - $76,998. The portion of the above payments that was reported as deferred compensation in prior years is reflected on Schedule J, Part II, Column F. Participants included in Brown Health's SERP are awarded plan contributions on a quarterly basis. Contributions and interest earned during a plan year vest after three years and are paid to plan participants at that time. SERP payments earned during the calendar year which have not yet vested are disclosed on Schedule J, Part II, Column C. Vested SERP payments received during the year are disclosed on Schedule J, Part II, Column B(iii)(as well as Column F if reported on Schedule J, Part II, Column C of a previously filed Form 990). Plan contributions awarded to participants who have reached age 62 become vested as of the beginning of the following calendar year.
Schedule J, Part I, Line 7
Certain physicians and executives participate in incentive compensation plans arranged through individual contractual agreements which stipulate non-fixed payments based on meeting criteria comprised of various quality and productivity markers.

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.

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.0
Source object
202642309349301009

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