Form 990 for tax year 2024
Filed by MEDICAL & CHIRURGICAL FACULTY OF MARYLAND.
Totals
- Total revenue
- $6,236,948
- Total expenses
- $5,582,977
- Contributions and grants received
- $60,000
- Grants paid
- $0
- Program service revenue
- $4,388,297
- Investment income
- $948,762
- Other revenue
- $839,889
- Total assets, end of year
- $18,739,081
- Total liabilities, end of year
- $1,139,493
- Net assets or fund balances, end of year
- $17,599,588
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- 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.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$60,000
-
2a · Program service revenue: PROGRAM OUTREACH
total $2,607,927 · related or exempt $2,607,927
-
2b · Program service revenue: MEMBERSHIP DUES
total $687,307 · related or exempt $661,533 · unrelated business $25,774
-
2c · Program service revenue: CME FEES
total $409,482 · related or exempt $409,482
-
2d · Program service revenue: OTHER INCOME AND SERVICES
total $283,698 · unrelated business $283,698
-
2e · Program service revenue: MEMBERSHIP MEETINGS
total $232,200 · related or exempt $232,200
-
2f · All other program service revenue
total $167,683 · unrelated business $167,683
-
3 · Investment income
total $185,630 · excluded $185,630
-
6a · Gross rents
real property $123,851
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $123,851
-
6d · Net rental income or loss
total $123,851 · excluded $123,851
-
7a · Gross sales of assets other than inventory
securities $2,672,387
-
7b · Less cost or other basis and sales expenses
securities $1,904,348 · other assets $4,907
-
7c · Gain or loss
securities $768,039 · other assets -$4,907
-
7d · Net gain or loss
total $763,132 · excluded $763,132
-
11a · Other revenue: EQUITY IN MEDCHI INSURANCE AGENCY
total $503,834 · related or exempt $503,834
-
11b · Other revenue: MISCELLANEOUS INCOME
total $212,204 · related or exempt $212,204
-
11e · Other revenue, total
$716,038
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $523,782
-
7 · Other salaries and wages
total $2,101,059
-
8 · Pension plan contributions
total $84,050
-
9 · Other employee benefits
total $251,503
-
10 · Payroll taxes
total $192,377
-
11b · Fees: legal
total $9,778
-
11c · Fees: accounting
total $32,435
-
11d · Fees: lobbying
total $332,398
-
11f · Fees: investment management
total $92,234
-
12 · Advertising and promotion
total $7,188
-
13 · Office expenses
total $29,416
-
14 · Information technology
total $25,362
-
17 · Travel
total $56,388
-
19 · Conferences, conventions and meetings
total $181,336
-
20 · Interest
total $19,540
-
22 · Depreciation, depletion and amortization
total $155,458
-
23 · Insurance
total $79,143
-
24a · Other expenses: CONTRACT SERVICES
total $784,069
-
24b · Other expenses: AMA DELEGATION
total $109,121
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $88,278
-
24d · Other expenses: UTILITIES
total $86,344
-
24e · All other expenses
total $341,718
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $438,372 · end of year $518,161
-
2 · Savings and temporary cash investments
beginning of year $1,035,279 · end of year $918,558
-
3 · Pledges and grants receivable
beginning of year $125,396 · end of year $329,540
-
4 · Accounts receivable
beginning of year $2,330,253 · end of year $1,586,092
-
7 · Other notes and loans receivable
beginning of year $50,000 · end of year $50,000
-
9 · Prepaid expenses and deferred charges
beginning of year $61,808 · end of year $118,094
-
10a · Land, buildings and equipment: cost or other basis
$4,918,456
-
10b · Land, buildings and equipment: accumulated depreciation
$3,617,466
-
10c · Land, buildings and equipment, net
beginning of year $990,281 · end of year $1,300,990
-
11 · Investments: publicly traded securities
beginning of year $9,191,681 · end of year $9,120,421
-
12 · Investments: other securities
beginning of year $371,416 · end of year $426,561
-
14 · Intangible assets
beginning of year $10,130 · end of year $10,130
-
15 · Other assets
beginning of year $3,980,387 · end of year $4,360,534
-
17 · Accounts payable and accrued expenses
beginning of year $1,030,046 · end of year $720,179
-
19 · Deferred revenue
beginning of year $479,883 · end of year $299,774
-
23 · Secured mortgages and notes payable
end of year $119,540
-
27 · Net assets without donor restrictions
beginning of year $6,838,637 · end of year $6,896,068
-
28 · Net assets with donor restrictions
beginning of year $10,236,437 · end of year $10,703,520
Mission and programs · 2024
Mission
THE ORGANIZATION'S MISSION IS TO SERVE AS THE FOREMOST ADOVCATE AND RESOURCE FOR PHYSICIANS, THEIR PATIENTS, AND THE PUBLIC HEALTH. MEDCHI STRIVES TO ACCOMPLISH THIS MISSION BY PROMOTING MEDICAL SCIENCE AND KNOWLEDGE, ENHANCING PHYSICIAN-PATIENT RELATIONSHIPS, ACHIEVING THE HIGHEST STANDARDS FOR MEDICAL EDUCATION AND MEDICAL ETHICS, PROMOTE PHYSICIAN COLLEGIALITY, AND SECURE UNIVERSAL ACCESS TO HEALTH CARE.
Activities or mission (Part I)
THE ORGANIZATION'S GOAL IS TO FURTHER THE EDUCATION OF MEMBERS OF THE MEDICAL PROFESSION THROUGH CONFERENCES, MEETINGS, PUBLICATIONS AND VARIOUS PROGRAM OUTREACH ACTIVITIES.
-
THE ORGANIZATIONS MEMBERSHIP SERVICES PROGRAM ENCOMPASSES ITS GENERAL ACTIVITIES AIMED AT EXTENDING MEDICAL KNOWLEDGE AMONG PHYSICIANS AND THE PUBLIC; MAINTAINING AND ELEVATING THE STANDARDS OF MEDICAL EDUCATION AND MEDICAL ETHICS; SECURING THE ENACTMENT OF JUST LAWS RELATING TO THE PRACTICE OF MEDICINE AND THE HEALTH OF THE PUBLIC; AND PROMOTING FRIENDLY RELATIONS AMONG PHYSICIANS. INCLUDED IN THESE ACTIVITIES ARE GENERAL ACTIVITIES THAT AID THE ORGANIZATION IN SERVING AS AN ADVOCATE FOR PATIENTS BY PROMOTING ACCESS TO APPROPRIATE, AFFORDABLE QUALITY MEDICAL CARE AND AS THE RESOURCE AND SPOKESPERSON FOR MEDICINE IN MARYLAND.
-
THE MEDICAL PRACTICE TRANSFORMATION PROGRAM HELPS PHYSICIANS NAVIGATE THROUGH THE CHANGING HEALTHCARE LANDSCAPE. THE MAIN CONTRACT IS WITH CENTER FOR MEDICAID AND MEDICARE SERVICES. CARE TEAMS ARE DEPLOYED TO FURNISH CARE COORDINATION SERVICES TO THE MARYLAND PRIMARY CARE PROGRAM BENEFICIARIES TO HELP THE MDPCP MEET CARE TRANSFORMATION REQUIREMENTS.
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THE PUBLIC HEALTH PROGRAM EXTENDS PRACTICE KNOWLEDGE AMONG PHYSICIANS AND HEALTH KNOWLEDGE TO THE PUBLIC THAT IMPROVES QUALITY OF CARE AND HEALTH, BY CONDUCTING SPECIFIC ACTIVITIES IN EXCHANGE FOR ASSETS RECEIVED FROM GRANTORS.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Gurdeep Chhabra MDGURDEEP CHHABRA MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Gene M Ransom IIIGENE M RANSOM III
CHIEF EXECUTIVE OFFICER
- Total calculated
- $475,259
- From this org
- $421,648
- From related orgs
- $0
- Other
- $53,611
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $396,208
- Bonus
- $25,440
- Other
- $0
- Deferred
- $15,915
- Nontaxable benefits
- $37,696
- Filer's total
- $475,259
-
Loralie D Ma MDLORALIE D MA MD
TREASURER
- Total calculated
- $0
- Hours/week
- 5 + 2 related
-
Michele Manahan MDMICHELE MANAHAN MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Vasant Datta MD CmdVASANT DATTA MD CMD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Rene Desmarais MDRENE DESMARAIS MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Carolyn B O'Conor MDCAROLYN B O'CONOR MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Padamini Ranasinghe MDPADAMINI RANASINGHE MD
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 5 + 2 related
-
Clement S Banda MDCLEMENT S BANDA MD
SPEAKER OF THE HOUSE
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Renee Bovelle MDRENEE BOVELLE MD
VICE SPEAKER OF THE HOUSE
- Total calculated
- $0
- Hours/week
- 2
-
Erinn E Maury MDERINN E MAURY MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Robert W Thomsen MDROBERT W THOMSEN MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
James M Williams DoJAMES M WILLIAMS DO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5 + 2 related
-
Anne Banfield MDANNE BANFIELD MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dennis D Dey MD PhDDENNIS D DEY MD PHD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Eric WargotzERIC WARGOTZ
PRESIDENT
- Total calculated
- $1,667
- From this org
- $1,667
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5 + 2 related
-
James Williams DoJAMES WILLIAMS DO
PRESIDENT ELECT
- Total calculated
- $0
- Hours/week
- 2
-
Chukwuemeka U Obidi MDCHUKWUEMEKA U OBIDI MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Manna Varghese MDMANNA VARGHESE MD
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Whitney Stuard Sambhariya MDWHITNEY STUARD SAMBHARIYA MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Cat ChoiCAT CHOI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Setu MehtaSETU MEHTA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Debra C SciabarrasiDEBRA C SCIABARRASI
CHIEF OPERATING OFFICER
- Total calculated
- $136,455
- From this org
- $90,099
- From related orgs
- $0
- Other
- $46,356
- Hours/week
- 35
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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.
-
CENTER FOR A HEALTHY MARYLAND INC
501(C)(3) · CHARITABLE FOUNDATION · MD
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
MEDCHI NETWORK SERVICES LLC
HELP PHYSICIANS EFFECTIVELY UTILIZE ALL FORMS OF HEALTHCARE TECHNOLOGY. · MD · income $371,608 · assets $517,554
Directly controlled by MEDICAL AND CHIRURGICAL FACULTY OF MARYLAND
-
MEDCHI PRACTICE TRANSFORMATION LLC
PROVIDES SERVICES TO PHYSICIANS OFFICES · MD · income $1,247,791 · assets $3,543,784
Directly controlled by MEDICAL AND CHIRURGICAL FACULTY OF MARYLAND
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
MED-CHI INSURANCE AGENCY INC
C · INSURANCE AGENCY · MD · 100% owned · share of income $3,058,712 · share of assets $3,676,663
-
MID ATLANTIC MEDICAL COLLECTION
C · BILLING COLLECTIONS · MD · 100% owned · share of income $154,118 · share of assets $38,551
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533179349309443
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