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Nonprofiteer
← FLORIDA MEDICAL PRACTICE PLAN INC

Form 990 for tax year 2024

Filed by FLORIDA MEDICAL PRACTICE PLAN INC.

Totals

Total revenue
$11,647,599
Total expenses
$12,095,392
Contributions and grants received
$0
Grants paid
$97,600
Program service revenue
$11,587,464
Investment income
$60,135
Other revenue
$0
Total assets, end of year
$5,166,907
Total liabilities, end of year
$3,688,116
Net assets or fund balances, end of year
$1,478,791
Program services expenses (Part IX)
$11,885,596
Management and general expenses
$209,796
Fundraising expenses
$0
Program service expenses (Part III)
$11,885,596

Program services were 98.3% 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: CLINICAL REVENUE

    total $11,366,217 · related or exempt $11,366,217

  • 2b · Program service revenue: MEDICAID REVENUE

    total $221,247 · related or exempt $221,247

  • 3 · Investment income

    total $2,560 · excluded $2,560

  • 7a · Gross sales of assets other than inventory

    securities $454,489

  • 7b · Less cost or other basis and sales expenses

    securities $396,914

  • 7c · Gain or loss

    securities $57,575

  • 7d · Net gain or loss

    total $57,575 · excluded $57,575

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $97,600 · program services $97,600

  • 5 · Compensation of officers, directors and key employees

    total $91,530 · program services $90,849 · management and general $681

  • 7 · Other salaries and wages

    total $6,585,399 · program services $6,585,399

  • 9 · Other employee benefits

    total $2,463,818 · program services $2,463,818

  • 11c · Fees: accounting

    total $23,400 · management and general $23,400

  • 11g · Fees: other

    total $402,584 · program services $402,584

  • 12 · Advertising and promotion

    total $5,178 · management and general $5,178

  • 13 · Office expenses

    total $159,623 · management and general $159,623

  • 14 · Information technology

    total $46,734 · program services $46,734

  • 20 · Interest

    total $2,705 · program services $2,705

  • 22 · Depreciation, depletion and amortization

    total $74,785 · program services $74,785

  • 23 · Insurance

    total $646,763 · program services $646,763

  • 24a · Other expenses: PROGRAM DEVELOPMENT

    total $1,167,338 · program services $1,167,338

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $307,021 · program services $307,021

  • 24c · Other expenses: BANKING FEES

    total $20,914 · management and general $20,914

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,778 · end of year $11,613

  • 2 · Savings and temporary cash investments

    beginning of year $1,658,836 · end of year $1,001,965

  • 4 · Accounts receivable

    beginning of year $1,862,868 · end of year $1,364,815

  • 9 · Prepaid expenses and deferred charges

    beginning of year $135,590 · end of year $212,227

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

    $139,855

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

    $95,987

  • 10c · Land, buildings and equipment, net

    beginning of year $59,009 · end of year $43,868

  • 11 · Investments: publicly traded securities

    beginning of year $2,657,654 · end of year $2,496,099

  • 12 · Investments: other securities

    beginning of year $825 · end of year $1,528

  • 15 · Other assets

    beginning of year $94,436 · end of year $34,792

  • 17 · Accounts payable and accrued expenses

    beginning of year $381,566 · end of year $620,641

  • 19 · Deferred revenue

    beginning of year $152,104 · end of year $223,978

  • 25 · Other liabilities

    beginning of year $4,251,803 · end of year $2,843,497

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,690,523 · end of year $1,478,791

Mission and programs · 2024

Mission

THE PURPOSES OF FLORIDA MEDICAL PRACTICE PLAN ARE TO: 1) FURTHER THE EDUCATION, SERVICE, AND RESEARCH MISSIONS OF THE FLORIDA STATE UNIVERSITY COLLEGE OF MEDICINE, A COMPONENT OF THE FLORIDA STATE UNIVERSITY BOARD OF TRUSTEES; AND 2) ENABLE FACULTY TO MAINTAIN CLINICAL COMPETENCE, FULFILL CERTIFICATION REQUIREMENTS, SHARE EXPERTISE WITH OTHER HEALTH CARE PROVIDERS, AND SERVE AS CLINICAL TEACHERS FOR STUDENTS AND RESIDENT PHYSICIANS.

  • PERFORMED PROFESSIONAL SERVICES IN SUPPORT OF: 1) AN AFFILIATION AGREEMENT WITH A HOSPITAL FOR GRADUATE MEDICAL EDUCATION PROGRAMS, AND 2) AGREEMENTS WITH HEALTH DEPARTMENTS, CLINICS, AND OTHER FOR PATIENT CARE.

    Expenses $11,885,596 · Grants $97,600 · Revenue $11,587,464

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

Listed in Part VII

  • ALMA LITTLES MD

    PRESIDENT

    Total calculated
    $557,195
    From this org
    $0
    From related orgs
    $500,122
    Other
    $57,073
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $500,122 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $37,034 related
    Nontaxable benefits
    $0 + $20,039 related
    Filer's total
    $0 + $557,195 related

  • JOEDRECKA BROWN-SPEIGHTS MD

    VICE PRESIDENT

    Total calculated
    $377,138
    From this org
    $15,488
    From related orgs
    $319,003
    Other
    $42,647
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $15,488 + $317,753 related
    Bonus
    $0 + $1,250 related
    Other
    $0
    Deferred
    $610 + $32,751 related
    Nontaxable benefits
    $171 + $9,115 related
    Filer's total
    $16,269 + $360,869 related

  • BENJAMIN SMITH DMSC PA-C DFAAPA

    SECRETARY

    Total calculated
    $248,280
    From this org
    $4,984
    From related orgs
    $202,364
    Other
    $40,932
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $4,984 + $202,364 related
    Bonus
    $0
    Other
    $0
    Deferred
    $1,373 + $19,520 related
    Nontaxable benefits
    $1,321 + $18,718 related
    Filer's total
    $7,678 + $240,602 related

  • KYLE CLARK MBA

    TREASURER AS OF 2/3/2025; FORMER DIRECTOR

    Total calculated
    $630,941
    From this org
    $0
    From related orgs
    $573,511
    Other
    $57,430
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $514,811 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $8,700 related
    Deferred
    $0 + $35,384 related
    Nontaxable benefits
    $0 + $22,046 related
    Filer's total
    $0 + $630,941 related

  • RICHARD NOWAKOWSKI PHD

    DIRECTOR AS OF 2/3/2025; FORMER TREASURER

    Total calculated
    $344,095
    From this org
    $0
    From related orgs
    $302,600
    Other
    $41,495
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $302,600 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,554 related
    Nontaxable benefits
    $0 + $10,941 related
    Filer's total
    $0 + $344,095 related

  • WILLIAM C BOYER DHSC MS CHSE

    DIRECTOR

    Total calculated
    $332,288
    From this org
    $0
    From related orgs
    $292,714
    Other
    $39,574
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $292,714 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,299 related
    Nontaxable benefits
    $0 + $10,275 related
    Filer's total
    $0 + $332,288 related

  • JAMES CLARK PHD

    DIRECTOR

    Total calculated
    $627,347
    From this org
    $0
    From related orgs
    $571,167
    Other
    $56,180
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $551,167 related
    Bonus
    $0 + $20,000 related
    Other
    $0
    Deferred
    $0 + $34,118 related
    Nontaxable benefits
    $0 + $22,062 related
    Filer's total
    $0 + $627,347 related

  • HEATHER FLYNN PHD

    DIRECTOR

    Total calculated
    $360,902
    From this org
    $0
    From related orgs
    $319,666
    Other
    $41,236
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $319,666 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $31,950 related
    Nontaxable benefits
    $0 + $9,286 related
    Filer's total
    $0 + $360,902 related

  • LISA GRANVILLE MD

    DIRECTOR

    Total calculated
    $399,292
    From this org
    $24,418
    From related orgs
    $320,434
    Other
    $54,440
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $24,418 + $270,666 related
    Bonus
    $0 + $1,875 related
    Other
    $0 + $47,893 related
    Deferred
    $1,018 + $33,383 related
    Nontaxable benefits
    $707 + $19,332 related
    Filer's total
    $26,143 + $373,149 related

  • STACEY PATTERSON PHD

    DIRECTOR AS OF 2/4/2025

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • MICHAEL J SWEENEY MD MBA FACS

    DIRECTOR

    Total calculated
    $451,539
    From this org
    $0
    From related orgs
    $395,154
    Other
    $56,385
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $314,828 related
    Bonus
    $0
    Other
    $0 + $80,326 related
    Deferred
    $0 + $36,346 related
    Nontaxable benefits
    $0 + $20,039 related
    Filer's total
    $0 + $451,539 related

  • LAQUANTA JAUNICE GOWDER ROSIER

    CFO

    Total calculated
    $135,825
    From this org
    $66,728
    From related orgs
    $34,804
    Other
    $34,293
    Hours/week
    40

  • CHRISTOPHER PAUL MULROONEY

    COO

    Total calculated
    $271,902
    From this org
    $4,340
    From related orgs
    $224,436
    Other
    $43,126
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $4,340 + $194,436 related
    Bonus
    $0
    Other
    $0 + $30,000 related
    Deferred
    $363 + $22,724 related
    Nontaxable benefits
    $364 + $19,675 related
    Filer's total
    $5,067 + $266,835 related

  • PAUL KATZ MD

    FORMER DIRECTOR

    Total calculated
    $133,319
    From this org
    $34,516
    From related orgs
    $78,807
    Other
    $19,996
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $34,516 + $78,807 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,274 + $18,722 related
    Filer's total
    $35,790 + $97,529 related

  • JONATHAN S APPELBAUM MD

    FORMER DIRECTOR

    Total calculated
    $242,303
    From this org
    $36,460
    From related orgs
    $185,510
    Other
    $20,333
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $36,460 + $59,889 related
    Bonus
    $0
    Other
    $0 + $125,621 related
    Deferred
    $3,354 + $12,015 related
    Nontaxable benefits
    $1,086 + $3,878 related
    Filer's total
    $40,900 + $201,403 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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION FOR THE ORGANIZATION'S OFFICERS/FACULTY ARE DETERMINED BY THE FLORIDA STATE UNIVERSITY COLLEGE OF MEDICINE AND APPROVED BY FSU'S HUMAN RESOURCE DEPARTMENT (A RELATED ORGANIZATION). THE COMPENSATION IS ESTABLISHED BASED ON BENCHMARKS WITHIN THE INDUSTRY. IN ADDITION, FSU UTILIZES A COMPENSATION COMMITTEE, WRITTEN EMPLOYMENT CONTRACTS AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE TO ESTABLISH COMPENSATION.

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

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
Filed
13 May 2026
IRS schema version
2024v5.5
Source object
202611349349310596

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