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← TEMPLE PHYSICIANS INC

Form 990 for tax year 2024

Filed by TEMPLE PHYSICIANS INC.

Totals

Total revenue
$69,541,124
Total expenses
$68,452,484
Contributions and grants received
$12,812,399
Grants paid
$0
Program service revenue
$56,346,286
Investment income
$382,439
Other revenue
$0
Total assets, end of year
$30,088,352
Total liabilities, end of year
$22,606,544
Net assets or fund balances, end of year
$7,481,808
Program services expenses (Part IX)
$60,602,460
Management and general expenses
$7,850,024
Fundraising expenses
$0
Program service expenses (Part III)
$60,602,460

Program services were 88.5% 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.

  • 1d · Related organizations

    $11,625,000

  • 1e · Government grants (contributions)

    $1,187,399

  • 2a · Program service revenue: Physician Revenue

    total $31,568,662 · related or exempt $31,568,662

  • 2b · Program service revenue: H/C Mgmt Services Affiliates

    total $9,204,708 · related or exempt $9,204,708

  • 2c · Program service revenue: Premium Revenue

    total $6,858,556 · related or exempt $6,858,556

  • 2d · Program service revenue: H/C Mgt Service Nonprofit

    total $6,471,862 · related or exempt $6,471,862

  • 2e · Program service revenue: Risk Contracting Revenue

    total $2,242,498 · related or exempt $2,242,498

  • 3 · Investment income

    total $382,439 · excluded $382,439

  • 6a · Gross rents

    real property $175,061

  • 6b · Less rental expenses

    real property $175,061

  • 6c · Rental income or loss

    real property $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $822,303 · program services $274,257 · management and general $548,046

  • 7 · Other salaries and wages

    total $33,952,258 · program services $32,228,070 · management and general $1,724,188

  • 8 · Pension plan contributions

    total $2,355,017 · program services $2,237,256 · management and general $117,761

  • 9 · Other employee benefits

    total $2,329,378 · program services $2,059,780 · management and general $269,598

  • 10 · Payroll taxes

    total $3,005,812 · program services $2,846,555 · management and general $159,257

  • 11a · Fees: management

    total $10,531,372 · program services $10,459,934 · management and general $71,438

  • 11g · Fees: other

    total $6,139,629 · program services $1,509,606 · management and general $4,630,023

  • 12 · Advertising and promotion

    total $130,081 · program services $127,197 · management and general $2,884

  • 13 · Office expenses

    total $2,595,400 · program services $2,600,251 · management and general -$4,851

  • 14 · Information technology

    total $1,468 · program services $1,468

  • 16 · Occupancy

    total $3,751,619 · program services $3,610,479 · management and general $141,140

  • 17 · Travel

    total $11,904 · program services $5,195 · management and general $6,709

  • 19 · Conferences, conventions and meetings

    total $5,829 · program services $4,440 · management and general $1,389

  • 20 · Interest

    total $17,135 · program services $264 · management and general $16,871

  • 22 · Depreciation, depletion and amortization

    total $214,172 · program services $201,272 · management and general $12,900

  • 23 · Insurance

    total $2,152,495 · program services $2,152,495

  • 24a · Other expenses: Other

    total $418,332 · program services $283,941 · management and general $134,391

  • 24b · Other expenses: Billing

    total $18,280 · management and general $18,280

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,777,277 · end of year $530,866

  • 2 · Savings and temporary cash investments

    beginning of year $68,896 · end of year $1,572,157

  • 4 · Accounts receivable

    beginning of year $4,132,495 · end of year $4,497,289

  • 7 · Other notes and loans receivable

    beginning of year $14,552,787 · end of year $12,416,450

  • 9 · Prepaid expenses and deferred charges

    beginning of year $248,807 · end of year $148,728

  • 10a · Land, buildings and equipment: cost or other basis

    $9,464,564

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,165,348

  • 10c · Land, buildings and equipment, net

    beginning of year $418,670 · end of year $299,216

  • 15 · Other assets

    beginning of year $11,398,626 · end of year $10,623,646

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,882,129 · end of year $5,216,965

  • 25 · Other liabilities

    beginning of year $23,288,394 · end of year $17,389,579

  • 27 · Net assets without donor restrictions

    beginning of year $6,427,035 · end of year $7,481,808

Mission and programs · 2024

Mission

The mission of Temple Physicians, Inc. is to provide access to thehighest quality of clinical care in both the community and academicsettings, and to support the clinical, administrative and corporateactivities of the Temple University Health System.

Activities or mission (Part I)

The mission of Temple Physicians, Inc. is to provide access to the highest quality of clinical care in both the community and academic settings, and to support the clinical, administrative and corporate activities of Temple University Health System.

  • Temple Physicians, Inc. (TPI) is a network of community based primarycare and specialist physicians offering services in approximately 46offices located throughout North and Northeast Philadelphia and thesurrounding areas, several of which are located in areas designated bythe US Department of Health and Human Services Health Resource &Services Administration as Medically Underserved Areas / Populations(MUA/P)for medical care professionals. TPI employs and otherwisecontracts with approximately 147 physicians and 69 advanced practice providersto provide healthcare services to its patients, including bothinpatients and outpatients of the affiliated hospitals of the TempleUniversity Health System (TUHS).

    Expenses $60,602,460 · Revenue $56,346,286

As filed on the 2024 return.

Listed in Part VII

  • Francis Devlin

    Chair

    Total calculated
    $0
    Hours/week
    2

  • John W Meacham

    Vice Chair

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Mark Obenrader

    President & CEO (Until 5/5/25)

    Total calculated
    $462,782
    From this org
    $398,007
    From related orgs
    $0
    Other
    $64,775
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $366,007
    Bonus
    $32,000
    Other
    $0
    Deferred
    $34,500
    Nontaxable benefits
    $30,275
    Filer's total
    $462,782

  • Anthony Esposito Jr

    President & CEO (From 5/5/25)

    Total calculated
    $0
    Hours/week
    25 + 25 related

  • Joel Helmke

    Director

    Total calculated
    $754,994
    From this org
    $0
    From related orgs
    $706,150
    Other
    $48,844
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $578,150 related
    Bonus
    $0 + $105,000 related
    Other
    $0 + $23,000 related
    Deferred
    $0 + $16,816 related
    Nontaxable benefits
    $0 + $32,028 related
    Filer's total
    $0 + $754,994 related

  • Michael Young

    Director

    Total calculated
    $2,136,271
    From this org
    $0
    From related orgs
    $2,094,243
    Other
    $42,028
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,467,866 related
    Bonus
    $0 + $599,145 related
    Other
    $0 + $27,232 related
    Deferred
    $0 + $22,424 related
    Nontaxable benefits
    $0 + $19,604 related
    Filer's total
    $0 + $2,136,271 related

  • Curtis Miyamoto

    Director

    Total calculated
    $798,878
    From this org
    $0
    From related orgs
    $763,950
    Other
    $34,928
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,750 related
    Bonus
    $0
    Other
    $0 + $580,200 related
    Deferred
    $0 + $16,300 related
    Nontaxable benefits
    $0 + $18,628 related
    Filer's total
    $0 + $798,878 related

  • Claire Raab

    Director

    Total calculated
    $828,534
    From this org
    $0
    From related orgs
    $772,669
    Other
    $55,865
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $635,343 related
    Bonus
    $0 + $109,715 related
    Other
    $0 + $27,611 related
    Deferred
    $0 + $24,019 related
    Nontaxable benefits
    $0 + $31,846 related
    Filer's total
    $0 + $828,534 related

  • Abhinav Rastogi

    Director

    Total calculated
    $1,176,873
    From this org
    $0
    From related orgs
    $1,127,472
    Other
    $49,401
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $923,298 related
    Bonus
    $0 + $175,400 related
    Other
    $0 + $28,774 related
    Deferred
    $0 + $15,525 related
    Nontaxable benefits
    $0 + $33,876 related
    Filer's total
    $0 + $1,176,873 related

  • Matthew Shelak

    Director

    Total calculated
    $433,133
    From this org
    $0
    From related orgs
    $406,246
    Other
    $26,887
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $360,053 related
    Bonus
    $0 + $36,833 related
    Other
    $0 + $9,360 related
    Deferred
    $0 + $15,525 related
    Nontaxable benefits
    $0 + $11,362 related
    Filer's total
    $0 + $433,133 related

  • Jayme L Jaisle

    Secretary

    Total calculated
    $363,914
    From this org
    $0
    From related orgs
    $306,928
    Other
    $56,986
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,228 related
    Bonus
    $0 + $28,500 related
    Other
    $0 + $7,200 related
    Deferred
    $0 + $25,015 related
    Nontaxable benefits
    $0 + $31,971 related
    Filer's total
    $0 + $363,914 related

  • Tausha Saunders

    Asst Secretary

    Total calculated
    $190,321
    From this org
    $0
    From related orgs
    $189,946
    Other
    $375
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,828 related
    Bonus
    $0 + $17,118 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $375 related
    Filer's total
    $0 + $190,321 related

  • Amy Montour

    Asst Secretary

    Total calculated
    $17,848
    From this org
    $0
    From related orgs
    $17,848
    Other
    $0
    Hours/week
    32 + 18 related

  • Michael DiFranco

    Treasurer

    Total calculated
    $433,239
    From this org
    $0
    From related orgs
    $382,261
    Other
    $50,978
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $345,511 related
    Bonus
    $0 + $36,750 related
    Other
    $0
    Deferred
    $0 + $15,525 related
    Nontaxable benefits
    $0 + $35,453 related
    Filer's total
    $0 + $433,239 related

  • Zachary Schmitt

    Asst Treasurer

    Total calculated
    $251,060
    From this org
    $214,760
    From related orgs
    $0
    Other
    $36,300
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $198,571
    Bonus
    $16,189
    Other
    $0
    Deferred
    $9,144
    Nontaxable benefits
    $27,156
    Filer's total
    $251,060

  • David Chinn

    Physician

    Total calculated
    $886,341
    From this org
    $821,566
    From related orgs
    $0
    Other
    $64,775
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $540,872
    Bonus
    $257,694
    Other
    $23,000
    Deferred
    $34,500
    Nontaxable benefits
    $30,275
    Filer's total
    $886,341

  • Thomas Diaz

    Physician

    Total calculated
    $758,376
    From this org
    $694,852
    From related orgs
    $0
    Other
    $63,524
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $492,688
    Bonus
    $181,650
    Other
    $20,514
    Deferred
    $34,500
    Nontaxable benefits
    $29,024
    Filer's total
    $758,376

  • David Rodgers

    Physician

    Total calculated
    $729,487
    From this org
    $662,900
    From related orgs
    $0
    Other
    $66,587
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $485,004
    Bonus
    $177,896
    Other
    $0
    Deferred
    $34,500
    Nontaxable benefits
    $32,087
    Filer's total
    $729,487

  • Abdallah Bukari

    Physician

    Total calculated
    $752,083
    From this org
    $726,365
    From related orgs
    $0
    Other
    $25,718
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $495,264
    Bonus
    $208,101
    Other
    $23,000
    Deferred
    $15,525
    Nontaxable benefits
    $10,193
    Filer's total
    $752,083

  • Manavendra Bakhshi

    Physician

    Total calculated
    $639,947
    From this org
    $593,232
    From related orgs
    $0
    Other
    $46,715
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $519,570
    Bonus
    $50,662
    Other
    $23,000
    Deferred
    $34,500
    Nontaxable benefits
    $12,215
    Filer's total
    $639,947

  • Ernest Ngirimana

    Treasurer (Former)

    Total calculated
    $238,399
    From this org
    $0
    From related orgs
    $212,964
    Other
    $25,435
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,218 related
    Bonus
    $0
    Other
    $0 + $34,746 related
    Deferred
    $0 + $9,700 related
    Nontaxable benefits
    $0 + $15,735 related
    Filer's total
    $0 + $238,399 related

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
  • 5a · Pay contingent on this organization's revenues
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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 1 Line 5
Explanation: The physicians of Temple Physicians Inc (TPI) are employed under the terms of individual employment agreements. Many of the physicians receive annual compensation for all services provided under the employment agreement in an amount based on the adjusted gross revenues (AGR), or other similar metric, allocable to patients to whom the physician provided services during the term of the agreement. The compensation formula is not based on any metric of the institution as a whole. AGR is defined in the employment agreement to mean the gross revenues generated by the physician from the professional patient care services at the practice during each year of the term of the employment agreement, less allowances for bad debt and contractual and similar allowances. This formula is not based on net profits. See Revenue Procedure 2017-13. However, the total compensation a physician receives under the employment agreement is subject to an overall dollar amount ceiling as specified in each physician's agreement. The fixed cap permits a determination of reasonableness to be built into the formula. The compensation as capped is deemed reasonable and falls within the range reflected in regional or national surveys regarding income earned by physicians in the same specialty. Importantly this formula takes into account each individual physician's productivity. In the case of a medical practice, this methodology is analogous to compensation based on time spent on the employer's work. This compensation methodology was reported to the Internal Revenue Service in connection with TPI's federal tax exemption application and is permitted under the section 503(c)(3) standards for determining reasonable compensation.
Part 1 Line 7
Explanation: In addition to the physician compensation plan described above (relative to Schedule J part I Line 5) physicians of Temple Physicians Inc are eligible for a discretionary bonus upon the attainment of certain qualitative measures, such as (1) the creation of educational programs for patients and staff of TPI (2) assistance in relocating a practice site and (3) development and implementation of new quality care protocols.

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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.5
Source object
202601319349302715

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