Skip to content
Nonprofiteer
← LOURDES CARDIOLOGY SERVICES PC

Form 990 for tax year 2022

Filed by LOURDES CARDIOLOGY SERVICES PC.

Totals

Total revenue
$13,568,746
Total expenses
$13,568,746
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$13,568,746
Investment income
$0
Other revenue
$0
Total assets, end of year
$770,558
Total liabilities, end of year
$749,189
Net assets or fund balances, end of year
$21,369
Program services expenses (Part IX)
$13,568,746
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$13,568,746

Program services were 100.0% 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: INTERCOMPANY PROFESSIO

    total $13,540,764 · related or exempt $13,540,764

  • 2b · Program service revenue: NET PATIENT SERVICE RE

    total $27,982 · related or exempt $27,982

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,545,665 · program services $1,545,665

  • 7 · Other salaries and wages

    total $10,364,880 · program services $10,364,880

  • 8 · Pension plan contributions

    total $283,618 · program services $283,618

  • 9 · Other employee benefits

    total $786,825 · program services $786,825

  • 10 · Payroll taxes

    total $466,092 · program services $466,092

  • 13 · Office expenses

    total $12,964 · program services $12,964

  • 17 · Travel

    total $3,081 · program services $3,081

  • 24a · Other expenses: EDUCATION & DEVELOPMENT

    total $85,639 · program services $85,639

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $19,982 · program services $19,982

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,427 · end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 15 · Other assets

    beginning of year $44,923 · end of year $770,558

  • 17 · Accounts payable and accrued expenses

    beginning of year $674,985 · end of year $725,831

  • 25 · Other liabilities

    beginning of year $3,248,789 · end of year $23,358

  • 27 · Net assets without donor restrictions

    beginning of year -$3,830,424 · end of year $21,369

Mission and programs · 2022

Mission

THE PHYSICIANS OF LOURDES CARDIOLOGY SERVICES (LCS) SHARE A COMMON PHILOSOPHY IN ALL THEY DO: TO CREATE AN OUTSTANDING EXPERIENCE FOR PATIENTS. LCS'S HIGHLY-TRAINED PHYSICIANS AND MEDICAL STAFF ARE CONVENIENTLY LOCATED THROUGHOUT SOUTH JERSEY IN ATLANTIC, BURLINGTON, CAMDEN, AND GLOUCESTER COUNTIES. LCS PHYSICIANS, AS PART OF VIRTUA HEALTH, THE LEADING HEALTHCARE SYSTEM IN SOUTH JERSEY HAVE ACCESS TO VIRTUA'S OUTSTANDING FACILITIES AS WELL AS SOME OF THE BEST MEDICAL TECHNOLOGY AVAILABLE.

Activities or mission (Part I)

OUR MISSION IS TO HELP THE COMMUNITY TO BE WELL, GET WELL, AND STAY WELL.

  • LOURDES CARDIOLOGY SERVICES PROVIDES PATIENT-FOCUSED, STATE-OF-THE-ART TREATMENT OF NON INVASIVE CARDIOLOGY, INTERVENTIONAL CARDIOLOGY AND ELECTROPHYSIOLOGY CARDIOLOGY CONDITIONS. THROUGH THESE HIGHLY SPECIALIZED SERVICES, LCS TREATS CORONARY ARTERY DISEASE, HEART RHYTHM AND HEART WALL ABNORMALITIES, VALVULAR HEART DISEASE, CONGESTIVE HEART FAILURE IN THE INPATIENT AND OUTPATIENT SETTING AND THROUGH CARDIAC RESEARCH STUDIES.

    Expenses $13,568,746 · Revenue $13,568,746

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

Listed in Part VII

  • John M Matsinger

    EVP/COO

    Total calculated
    $1,461,253
    From this org
    $0
    From related orgs
    $1,410,413
    Other
    $50,840
    Hours/week
    0.25 + 40.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $941,017 related
    Bonus
    $0 + $456,396 related
    Other
    $0 + $13,000 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $41,690 related
    Filer's total
    $0 + $1,461,253 related

  • Robert M Segin

    EVP/CFO

    Total calculated
    $1,216,683
    From this org
    $0
    From related orgs
    $1,175,768
    Other
    $40,915
    Hours/week
    0.25 + 42.09 related

    Schedule J breakdown matched by us

    Base
    $0 + $744,067 related
    Bonus
    $0 + $400,909 related
    Other
    $0 + $30,792 related
    Deferred
    $0 + $10,675 related
    Nontaxable benefits
    $0 + $30,240 related
    Filer's total
    $0 + $1,216,683 related

  • Timothy Morris

    PHYSICIAN

    Total calculated
    $750,405
    From this org
    $709,518
    From related orgs
    $0
    Other
    $40,887
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $611,937
    Bonus
    $77,081
    Other
    $20,500
    Deferred
    $13,725
    Nontaxable benefits
    $27,162
    Filer's total
    $750,405

  • Ramneet Wadehra

    PHYSICIAN

    Total calculated
    $745,584
    From this org
    $691,777
    From related orgs
    $0
    Other
    $53,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $614,696
    Bonus
    $77,081
    Other
    $0
    Deferred
    $10,922
    Nontaxable benefits
    $42,885
    Filer's total
    $745,584

  • Geoffrey Zarrella

    PHYSICIAN

    Total calculated
    $711,570
    From this org
    $655,610
    From related orgs
    $0
    Other
    $55,960
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $578,528
    Bonus
    $77,082
    Other
    $0
    Deferred
    $10,675
    Nontaxable benefits
    $45,285
    Filer's total
    $711,570

  • Vasu Palli

    PHYSICIAN

    Total calculated
    $673,618
    From this org
    $659,032
    From related orgs
    $0
    Other
    $14,586
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $561,451
    Bonus
    $77,081
    Other
    $20,500
    Deferred
    $12,378
    Nontaxable benefits
    $2,208
    Filer's total
    $673,618

  • Kristofer Hillegas

    PHYSICIAN

    Total calculated
    $672,125
    From this org
    $656,192
    From related orgs
    $0
    Other
    $15,933
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $558,611
    Bonus
    $77,081
    Other
    $20,500
    Deferred
    $13,725
    Nontaxable benefits
    $2,208
    Filer's total
    $672,125

  • Alan Pope

    MEDICAL DIRECTOR

    Total calculated
    $630,726
    From this org
    $0
    From related orgs
    $588,992
    Other
    $41,734
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $433,380 related
    Bonus
    $0 + $126,112 related
    Other
    $0 + $29,500 related
    Deferred
    $0 + $9,902 related
    Nontaxable benefits
    $0 + $31,832 related
    Filer's total
    $0 + $630,726 related

  • Troy Randle

    TRUSTEE; PHYSICIAN

    Total calculated
    $557,233
    From this org
    $541,791
    From related orgs
    $0
    Other
    $15,442
    Hours/week
    40 + 0.75 related

    Schedule J breakdown matched by us

    Base
    $464,710
    Bonus
    $77,081
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $6,292
    Filer's total
    $557,233

  • Surendra Bagaria

    TRUSTEE; PHYSICIAN

    Total calculated
    $496,617
    From this org
    $448,606
    From related orgs
    $0
    Other
    $48,011
    Hours/week
    40.25

    Schedule J breakdown matched by us

    Base
    $351,192
    Bonus
    $77,114
    Other
    $20,300
    Deferred
    $13,725
    Nontaxable benefits
    $34,286
    Filer's total
    $496,617

  • Jerome Horwitz

    TRUSTEE; PHYSICIAN

    Total calculated
    $491,815
    From this org
    $443,945
    From related orgs
    $0
    Other
    $47,870
    Hours/week
    40.25

    Schedule J breakdown matched by us

    Base
    $366,864
    Bonus
    $77,081
    Other
    $0
    Deferred
    $13,725
    Nontaxable benefits
    $34,145
    Filer's total
    $491,815

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

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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 3:
LOURDES CARDIOLOGY SERVICES PC ADOPTS THE POLICIES OF VIRTUA HEALTH, INC. REGARDING ESTABLISHING THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR. THE POLICY USES THE FOLLOWING: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE VIRTUA BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4B:
A RELATED ORGANIZATION, VIRTUA HEALTH, INC., HAS A "COLLATERAL ASSIGNMENT SPLIT DOLLAR PLAN" (CASD), WHICH IS DESCRIBED IN SCHEDULE O.
SCHEDULE J, PART I, LINE 7:
PAY AT RISK AND/OR DISCRETIONARY BONUSES PROVIDED TO THE INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A ARE BASED ON THE ACHIEVEMENT OF SIGNIFICANT QUANTITATIVE, QUALITATIVE, AND/OR PROGRAMMATIC GOALS AND ARE APPROVED BY THE COMPENSATION COMMITTEE FOR DISQUALIFIED INDIVIDUALS AND BY THE CEO FOR ALL OTHERS.

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.

  • SOUTH JERSEY MUSCULOSKELETAL INSTITUTE LLC

    SURGICAL CENTER · NJ

  • SUMMIT SURGICAL CENTER LLC

    SURGICAL CENTER · NJ

  • AMBULATORY SURGERY CENTER AT VIRTUA WASHINGTON TOWNSHIP LLC

    SURGICAL CENTER · NJ

  • SHORE AMBULATORY SURGERY CENTER LLC

    SURGICAL CENTER · NJ

  • ROCKLAND SURGICAL PROJECT LLC RAMAPO VALLEY SURGICAL CENTER

    SURGICAL CENTER · NJ

  • FREEHOLD ENDOSCOPY ASSOCIATES LLC

    SURGICAL CENTER · NJ

  • CENTER FOR AMBULATORY AND MINIMALLY INVASIVE SURGERY LLC

    SURGICAL CENTER · NJ

  • VIRTUA ADULT IMAGING SERVICES AT VOORHEES LLC

    IMAGING SERVICES · NJ

  • GASTRO-SURGI CENTER OF NJ LLC

    SURGICAL CENTER · NJ

  • VOORHEES ENDOSCOPY HOLDING CO LLC

    MEDICAL · NJ

  • VIRTUA PENN RADIATION ONCOLOGY PARTNERS LLC

    RADIOLOGY SERVICES · NJ

  • VIRTUA PENN RADIATION ONCOLOGY LEASING LLC

    LEASING SERVICES · NJ

  • FRESENIUS MEDICAL CARE MARLTON LLC

    DIALYSIS · NJ

  • VANTAGE SURGICAL CENTER LLC

    SURGICAL CENTER · NJ

  • VIRTUA-SCA HOLDINGS LLC

    MEDICAL · NJ

  • BURLINGTON CTY ENDO CTR LLC CO PHYSICIANS ENDOSCOPY LLC

    HEALTH CARE · NJ

  • VIRTUA-USP PRINCETON LLC

    MEDICAL · NJ

  • ACENTUS PRACTICE MANAGEMENT LLC

    COLLECTIONS SERVICE · NJ

  • EMMAUS HOLDINGS LLC

    MEDICAL · NJ

  • MT LAUREL ENDOSCOPY CENTER LP

    OUTPATIENT CARE CENTER · NJ

  • USRC GLOUCESTER LLC

    MEDICAL · NJ

  • LOURDES SPECIALTY HOSPITAL OF SOUTHERN NJ LLC

    HEALTH CARE · NJ

  • CENTENNIAL SURGUNIT LLC

    AMBULATORY HEALTH CARE SERVICES · NJ

  • SPECIALIZED SURGICAL CENTER OF CENTRAL NEW JERSEY LLC

    SURGICAL CENTER · NJ

  • TYLER DIALYSIS LLC

    DIALYSIS · NJ

  • VIRTUA - SCA HOLDINGS II LLC

    MEDICAL · DE

  • RIVER DRIVE HOLDING COMPANY LLC

    MEDICAL · NJ

  • ACCESS HOLDING COMPANY LLC

    MEDICAL · NJ

  • SJV MANAGEMENT LLC

    RADIOLOGY SERVICES · NJ

  • VIRTUA CAMPUS HOLDING LLC

    MEDICAL · NJ

  • ENDO SURGI CENTER OF OLD BRIDGE LLC

    SURGICAL CENTER · NJ

  • STRIVE AND VIRTUA HEALTH PHYSICAL THERAPY & REHABILITATION LLC

    PHYSICAL THERAPY · NJ

Related corporations and trusts

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

  • VIRTUA ASSURANCE

    C · CAPTIVE INSURANCE COMPANY · VT

  • VRI INC

    C · HEALTH AND WELLNESS · NJ

  • HEALTH MANAGEMENT SERVICES ORGANIZATION INC

    C · MEDICAL ADMINISTRATION · NJ

  • LOURDES MEDICAL ASSOCIATES PA - SEE PART VII

    C · MEDICAL SERVICES · NJ

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202303179349309535

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.