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Nonprofiteer
← GRIFFIN FACULTY PHYSICIANS INC

Form 990 for tax year 2022

Filed by GRIFFIN FACULTY PHYSICIANS INC.

Totals

Total revenue
$37,907,589
Total expenses
$51,245,477
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$37,903,949
Investment income
$0
Other revenue
$3,640
Total assets, end of year
$15,183,798
Total liabilities, end of year
$12,710,325
Net assets or fund balances, end of year
$2,473,473
Program services expenses (Part IX)
$46,234,417
Management and general expenses
$5,011,060
Fundraising expenses
$0
Program service expenses (Part III)
$46,234,417

Program services were 90.2% 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: PATIENT SERVICE REVENUE

    total $30,810,026 · related or exempt $30,810,026

  • 2b · Program service revenue: OTHER OPERATING REVENUE

    total $7,093,923 · related or exempt $7,093,923

  • 6a · Gross rents

    real property $3,640

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $3,640

  • 6d · Net rental income or loss

    total $3,640 · excluded $3,640

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $892,056 · program services $892,056

  • 7 · Other salaries and wages

    total $30,825,478 · program services $28,023,132 · management and general $2,802,346

  • 8 · Pension plan contributions

    total $670,062 · program services $610,644 · management and general $59,418

  • 9 · Other employee benefits

    total $3,715,373 · program services $3,389,527 · management and general $325,846

  • 10 · Payroll taxes

    total $2,064,104 · program services $1,885,849 · management and general $178,255

  • 11b · Fees: legal

    total $23,732 · program services $15,055 · management and general $8,677

  • 11g · Fees: other

    total $3,995,170 · program services $2,778,412 · management and general $1,216,758

  • 12 · Advertising and promotion

    total $4,437 · program services $3,147 · management and general $1,290

  • 13 · Office expenses

    total $622,906 · program services $478,694 · management and general $144,212

  • 14 · Information technology

    total $1,855,689 · program services $1,855,189 · management and general $500

  • 16 · Occupancy

    total $2,344,949 · program services $2,191,092 · management and general $153,857

  • 17 · Travel

    total $35,819 · program services $19,228 · management and general $16,591

  • 22 · Depreciation, depletion and amortization

    total $637,301 · program services $606,659 · management and general $30,642

  • 23 · Insurance

    total $101,537 · program services $73,835 · management and general $27,702

  • 24a · Other expenses: BAD DEBTS

    total $1,976,868 · program services $1,976,868

  • 24b · Other expenses: MEDICAL & DRUG SUPPLIES

    total $1,183,287 · program services $1,183,058 · management and general $229

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $145,068 · program services $141,703 · management and general $3,365

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $77,083 · program services $56,053 · management and general $21,030

  • 24e · All other expenses

    total $74,558 · program services $54,216 · management and general $20,342

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,059,894 · end of year $907,845

  • 4 · Accounts receivable

    beginning of year $1,339,210 · end of year $1,509,950

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,852 · end of year $159,772

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

    $6,686,558

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

    $3,747,479

  • 10c · Land, buildings and equipment, net

    beginning of year $3,245,369 · end of year $2,939,079

  • 15 · Other assets

    beginning of year $8,650,336 · end of year $9,667,152

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,155,773 · end of year $2,936,020

  • 25 · Other liabilities

    beginning of year $8,650,336 · end of year $9,774,305

  • 27 · Net assets without donor restrictions

    beginning of year $3,506,552 · end of year $2,473,473

Mission and programs · 2022

Mission

PROVIDE MEDICAL SERVICES FOR THE PATIENTS OF GRIFFIN HOSPITAL AND THE COMMUNITY SERVED BY THE HOSPITAL. GRIFFIN FACULTY PHYSICIANS ALSO PROVIDES TEACHING SERVICES FOR GRIFFIN HOSPITAL'S GRADUATE MEDICAL EDUCATION PROGRAMS AND CONDUCT PREVENTIVE HEALTH SERVICES RESEARCH.

Activities or mission (Part I)

MULTI-SPECIALITY MEDICAL GROUP AFFILIATED WITH GRIFFIN HOSPITAL

  • PROVIDE MEDICAL SERVICES FOR THE PATIENTS OF GRIFFIN HOSPITAL AND THE COMMUNITY SERVED BY THE HOSPITAL. GRIFFIN FACULTY PHYSICIANS ALSO PROVIDES TEACHING SERVICES FOR GRIFFIN HOSPITAL'S GRADUATE MEDICAL EDUCATION PROGRAMS AND CONDUCT PREVENTIVE HEALTH SERVICES RESEARCH.

    Expenses $46,234,417 · Revenue $37,903,949

As filed on the 2022 return.

Listed in Part VII

  • Frederick Browne MD

    PRESIDENT

    Total calculated
    $470,880
    From this org
    $430,842
    From related orgs
    $0
    Other
    $40,038
    Hours/week
    40 + 0.38 related

    Schedule J breakdown matched by us

    Base
    $385,909
    Bonus
    $43,295
    Other
    $1,638
    Deferred
    $9,150
    Nontaxable benefits
    $30,888
    Filer's total
    $470,880

  • Denise Barajas MD

    VICE PRESIDENT

    Total calculated
    $403,924
    From this org
    $375,053
    From related orgs
    $0
    Other
    $28,871
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $373,331
    Bonus
    $0
    Other
    $1,722
    Deferred
    $9,150
    Nontaxable benefits
    $19,721
    Filer's total
    $403,924

  • Patrick Charmel

    SECRETARY

    Total calculated
    $4,449,600
    From this org
    $0
    From related orgs
    $4,409,084
    Other
    $40,516
    Hours/week
    3 + 47.15 related

    Schedule J breakdown matched by us

    Base
    $0 + $597,585 related
    Bonus
    $0 + $591,435 related
    Other
    $0 + $3,220,064 related
    Deferred
    $0 + $8,439 related
    Nontaxable benefits
    $0 + $32,077 related
    Filer's total
    $0 + $4,449,600 related

  • Alexander S Balko

    TREASURER

    Total calculated
    $470,357
    From this org
    $0
    From related orgs
    $428,145
    Other
    $42,212
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $367,606 related
    Bonus
    $0 + $58,817 related
    Other
    $0 + $1,722 related
    Deferred
    $0 + $8,238 related
    Nontaxable benefits
    $0 + $33,974 related
    Filer's total
    $0 + $470,357 related

  • Adam M Dworkin

    VICE PRESIDENT

    Total calculated
    $254,142
    From this org
    $0
    From related orgs
    $218,306
    Other
    $35,836
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $187,990 related
    Bonus
    $0 + $28,991 related
    Other
    $0 + $1,325 related
    Deferred
    $0 + $5,401 related
    Nontaxable benefits
    $0 + $30,435 related
    Filer's total
    $0 + $254,142 related

  • Deborah A Hennessy

    ASSISTANT VP

    Total calculated
    $179,085
    From this org
    $0
    From related orgs
    $160,397
    Other
    $18,688
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $153,005 related
    Bonus
    $0 + $6,113 related
    Other
    $0 + $1,279 related
    Deferred
    $0 + $5,431 related
    Nontaxable benefits
    $0 + $13,257 related
    Filer's total
    $0 + $179,085 related

  • Richard P Salzano Jr

    PHYSICIAN

    Total calculated
    $617,711
    From this org
    $577,673
    From related orgs
    $0
    Other
    $40,038
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $571,418
    Bonus
    $4,533
    Other
    $1,722
    Deferred
    $9,150
    Nontaxable benefits
    $30,888
    Filer's total
    $617,711

  • Grace A Biggs MD

    PHYSICIAN

    Total calculated
    $748,685
    From this org
    $727,487
    From related orgs
    $0
    Other
    $21,198
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $483,847
    Bonus
    $241,918
    Other
    $1,722
    Deferred
    $9,150
    Nontaxable benefits
    $12,048
    Filer's total
    $748,685

  • Mark A Marieb MD

    PHYSICIAN

    Total calculated
    $536,454
    From this org
    $499,848
    From related orgs
    $0
    Other
    $36,606
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $444,286
    Bonus
    $53,840
    Other
    $1,722
    Deferred
    $9,150
    Nontaxable benefits
    $27,456
    Filer's total
    $536,454

  • Jonathan T Simon

    PHYSICIAN

    Total calculated
    $578,238
    From this org
    $553,809
    From related orgs
    $0
    Other
    $24,429
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $388,756
    Bonus
    $163,565
    Other
    $1,488
    Deferred
    $4,708
    Nontaxable benefits
    $19,721
    Filer's total
    $578,238

  • Abraham Fridman

    PHYSICIAN

    Total calculated
    $537,633
    From this org
    $497,595
    From related orgs
    $0
    Other
    $40,038
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $457,870
    Bonus
    $37,971
    Other
    $1,754
    Deferred
    $9,150
    Nontaxable benefits
    $30,888
    Filer's total
    $537,633

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)

PART I, LINE 3
THE COMPENSATION OF THE PRESIDENT IS PAID BY GRIFFIN HOSPITAL. GRIFFIN HOSPITAL USES THE FOLLOWING METHODS TO DETERMINE COMPENSATION: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
PATRICK CHARMEL RECEIVED A PAYMENT FROM GRIFFIN HOSPITAL IN THE AMOUNT OF $3,218,342 IN LIEU OF A GRANDFATHER SPLIT-DOLLAR LIFE INSURANCE PLAN. THIS GRANDFATHER SPLIT-DOLLAR LIFE INSURANCE POLICY COMMENCED IN 2007 AND WAS DEVELOPED AS RESULT OF THE HOSPITAL'S DEFINED BENEFIT PENSION PLAN CAP OF EARNINGS AT THIS TIME. THE POLICY WAS CONSTRUCTED TO PROVIDE MR. CHARMEL WITH THE EQUIVALENT PENSION PLAN BENEFIT PAYMENTS AS COMPARED TO ALL OTHER DEFINED BENEFIT PLAN PARTICIPANTS.
PART I, LINE 7
AT THE END OF THE YEAR, THE COMPENSATION COMMITTEE REVIEWS PERFORMANCE OF EACH INDIVIDUAL IN LINE WITH CERTAIN CRITERIA. BASED ON AN OVERALL REVIEW OF THEIR PERFORMANCE AND THEIR COMPENSATION, THE COMMITTEE RECOMMENDS A BONUS AMOUNT WHICH IS APPROVED BY THE BOARD OF DIRECTORS. DURING THE YEAR ENDED SEPTEMBER 30, 2023, THE BONUS AMOUNTS FOR THE FOLLOWING INDIVIDUALS WERE DETERMINED USING THIS PROCESS: ADAM M. DWORKIN ALL OTHER BONUS PAYMENTS WERE FIXED PAYMENTS.

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.

  • GH VENTURES INC

    C · RENTAL OF REAL ESTATE · CT

  • HEALTHCARE ALLIANCE INSURANCE CO LTD

    C · OFFSHORE CAPTIVE · CJ

  • CT PRACTICE MANAGEMENT INC

    C · INACTIVE · CT

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202432289349300423

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