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Nonprofiteer
← ACADEMIC MEDICAL GROUP INC

Form 990 for tax year 2024

Filed by ACADEMIC MEDICAL GROUP INC.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$43,468,283
Total liabilities, end of year
$43,368,284
Net assets or fund balances, end of year
$99,999
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $763,614 · program services $763,614

  • 7 · Other salaries and wages

    total $107,984,100 · program services $71,256,261 · management and general $36,727,839

  • 8 · Pension plan contributions

    total $2,875,618 · program services $1,988,690 · management and general $886,928

  • 9 · Other employee benefits

    total $33,790,023 · program services $21,490,065 · management and general $12,299,958

  • 10 · Payroll taxes

    total $7,773,460 · program services $5,344,814 · management and general $2,428,646

  • 11a · Fees: management

    total $3,078 · management and general $3,078

  • 11b · Fees: legal

    total $626 · management and general $626

  • 11g · Fees: other

    total $1,707,146 · management and general $1,707,146

  • 24a · Other expenses: MEDICAL PROFESSIONAL CO

    total $141,047,999 · program services $0 · management and general $141,047,999

  • 24b · Other expenses: PURCHASED SERVICES

    total $10,954,085 · program services $847,285 · management and general $10,106,800

  • 24c · Other expenses: MEDICAL AND OTHER SUPPL

    total $318,421 · program services $130,253 · management and general $188,168

  • 24d · Other expenses: REIMBURSED EXPENSES

    total -$307,419,675 · program services -$101,873,599 · management and general -$205,546,076

  • 24e · All other expenses

    total $201,505 · program services $52,617 · management and general $148,888

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year -$763,912 · end of year $6,633,106

  • 4 · Accounts receivable

    beginning of year $22,813,488 · end of year $33,745,798

  • 9 · Prepaid expenses and deferred charges

    beginning of year $234,745 · end of year $3,089,379

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,426,877 · end of year $43,368,284

  • 27 · Net assets without donor restrictions

    beginning of year -$142,556 · end of year $99,999

Mission and programs · 2024

Mission

AMG WAS FORMED FOR THE PURPOSE OF COLLABORATION BETWEEN THE TAX-EXEMPT ENTITIES, FHSC AND USF, AND THEIR RESPECTIVE AFFILIATES. THAT PURPOSE INCLUDES COORDINATION OF THE INTEGRATED CLINICAL SERVICES OF PHYSICIANS AND ADVANCED PRACTICE PROVIDERS EMPLOYED BY USF AND TAMPA GENERAL MEDICAL GROUP, INC. ("TGMG"), AN AFFILIATE OF FHSC, AND THEIR RESPECTIVE AFFILIATES, IN ORDER TO EXPAND THE AVAILABILITY AND IMPROVE THE QUALITY OF PROFESSIONAL MEDICAL SERVICES IN WEST CENTRAL FLORIDA AND TO PROMOTE PUBLIC HEALTH, CONSISTENT WITH THE CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND MEDICAL PURPOSES OF THE ORGANIZATIONS. AMG WILL PROVIDE SUPPORT SERVICES INCLUDING MANAGEMENT, OPERATIONAL, ADMINISTRATIVE, AND PRACTICE INFRASTRUCTURE SERVICES FOR TGMG, USF, AND ANY OF THEIR AFFILIATED ENTITIES IN FURTHERANCE OF FHSC AND USF'S SHARED MISSIONS. IN EXCHANGE FOR AMG'S SUPPORT SERVICES, TGMG AND USF WILL EACH PAY A FAIR MARKET VALUE FEE FOR THE SERVICES THEY RECEIVE FROM AMG.

Activities or mission (Part I)

SEE SCHEDULE O

  • 1. FACILITATE THE EXPANSION OF AVAILABILITY AND IMPROVEMENT OF THE QUALITY OF PROFESSIONAL MEDICAL SERVICES IN WEST CENTRAL FLORIDA2. PROMOTE PUBLIC HEALTH, CONSISTENT WITH THE CHARITABLE, EDUCATIONAL, SCIENTIFIC AND MEDICAL PURPOSES OF FHSC AND USF.

  • N/A

  • N/A

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles Lockwood MD

    CHAIRMAN/CHIEF EXECUTIVE &

    Total calculated
    $0
    Hours/week
    1
  • John Couris

    SECRETARY & DIRECTOR

    Total calculated
    $2,944,103
    From this org
    $0
    From related orgs
    $2,897,033
    Other
    $47,070
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,447,130 related
    Bonus
    $0 + $1,207,250 related
    Other
    $0 + $242,653 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $29,820 related
    Filer's total
    $0 + $2,944,103 related
  • Margaret Duggan MD

    DIRECTOR

    Total calculated
    $860,478
    From this org
    $0
    From related orgs
    $813,408
    Other
    $47,070
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $637,986 related
    Bonus
    $0 + $175,422 related
    Other
    $0
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $29,820 related
    Filer's total
    $0 + $860,478 related
  • Rajendra Baliga MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Judette Louis MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mark Runyon

    TREASURER & DIRECTOR

    Total calculated
    $998,308
    From this org
    $0
    From related orgs
    $962,096
    Other
    $36,212
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $718,240 related
    Bonus
    $0 + $243,856 related
    Other
    $0
    Deferred
    $0 + $14,364 related
    Nontaxable benefits
    $0 + $21,848 related
    Filer's total
    $0 + $998,308 related
  • Adam Smith

    DIRECTOR

    Total calculated
    $694,959
    From this org
    $0
    From related orgs
    $662,135
    Other
    $32,824
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $491,157 related
    Bonus
    $0 + $117,088 related
    Other
    $0 + $53,890 related
    Deferred
    $0 + $7,418 related
    Nontaxable benefits
    $0 + $25,406 related
    Filer's total
    $0 + $694,959 related
  • Steve Omli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Harry Van Loveren MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rhea Law

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mark Moseley MD

    PRESIDENT USFTGP

    Total calculated
    $698,106
    From this org
    $670,993
    From related orgs
    $0
    Other
    $27,113
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $521,494
    Bonus
    $149,489
    Other
    $10
    Deferred
    $0
    Nontaxable benefits
    $27,113
    Filer's total
    $698,106
  • Matthew Cantonis

    SVP COO USFTGP

    Total calculated
    $467,186
    From this org
    $431,271
    From related orgs
    $0
    Other
    $35,915
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $351,440
    Bonus
    $64,240
    Other
    $15,591
    Deferred
    $8,802
    Nontaxable benefits
    $27,113
    Filer's total
    $467,186
  • Kimberly Clifford

    SR DIR CLINICAL OPERATIONS

    Total calculated
    $244,940
    From this org
    $214,114
    From related orgs
    $0
    Other
    $30,826
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $175,811
    Bonus
    $24,982
    Other
    $13,321
    Deferred
    $12,998
    Nontaxable benefits
    $17,828
    Filer's total
    $244,940
  • Lilyvette Nunez

    SR DIR PRIMARY CARE OPS

    Total calculated
    $235,001
    From this org
    $197,218
    From related orgs
    $0
    Other
    $37,783
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $172,016
    Bonus
    $23,734
    Other
    $1,468
    Deferred
    $10,810
    Nontaxable benefits
    $26,973
    Filer's total
    $235,001
  • Joseph Kirkner

    CLINICAL MANAGER

    Total calculated
    $180,864
    From this org
    $159,547
    From related orgs
    $0
    Other
    $21,317
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $136,697
    Bonus
    $13,261
    Other
    $9,589
    Deferred
    $4,829
    Nontaxable benefits
    $16,488
    Filer's total
    $180,864
  • Jennifer Rios

    CLINICAL MANAGER

    Total calculated
    $159,997
    From this org
    $140,603
    From related orgs
    $0
    Other
    $19,394
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $129,027
    Bonus
    $10,796
    Other
    $780
    Deferred
    $2,920
    Nontaxable benefits
    $16,474
    Filer's total
    $159,997

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

  • 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
NON-FIXED PAYMENTS PROVIDED BONUS AND INCENTIVE COMPENSATION IS BASED ON ACHIEVEMENT OF CERTAIN TARGETS, QUALITY INDICATORS, AND NON-FINANCIAL METRICS.

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.

  • THE SURGERY CENTER AT TGH BRANDON

    N/A · SURGERY CE · FL

  • TAMPA REHABILITATION HOSPITAL

    N/A · REHABILITATION · FL

  • TAMPA BEHAVIORAL HOSPITAL LLC

    N/A · BEHAVIORAL HEALTH · FL

Related corporations and trusts

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

  • TGH AMBULATORY SERVICES COMPANY

    C · HOLDING CO · FL

  • TGHHOC

    C · RESTAURANT · FL

  • FLORDIA HEALTH SCIENCES CENTER LTD

    C · PROFESSION · CJ

  • TGH INNOVENTURES BLOCKER LLC

    C · INVESTING · DE

  • TGPN BLOCKER LLC

    C · HOLDING CO · FL

Provenance

Return type
form_990
Tax year
2024
Filed
17 August 2026
IRS schema version
2024v5.5
Source object
202612299349302406

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