Skip to content
Nonprofiteer
← UNIVERSITY OF MARYLAND ORTHOPAEDIC ASSOCIATES P A

Form 990 for tax year 2022

Filed by UNIVERSITY OF MARYLAND ORTHOPAEDIC ASSOCIATES P A.

Totals

Total revenue
$32,021,373
Total expenses
$36,270,635
Contributions and grants received
$0
Grants paid
$74,600
Program service revenue
$31,852,454
Investment income
$168,919
Other revenue
$0
Total assets, end of year
$23,007,975
Total liabilities, end of year
$26,069,205
Net assets or fund balances, end of year
-$3,061,230
Program services expenses (Part IX)
$32,005,948
Management and general expenses
$4,264,687
Fundraising expenses
$0
Program service expenses (Part III)
$32,005,948

Program services were 88.2% 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 $20,376,744 · related or exempt $20,376,744

  • 2b · Program service revenue: CONTRACT AND OTHER REVENUE

    total $11,475,710 · related or exempt $11,475,710

  • 3 · Investment income

    total $168,919 · excluded $168,919

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $74,600 · program services $74,600

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,234,769 · program services $1,234,769

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $14,067,416 · program services $12,269,854 · management and general $1,797,562

  • 8 · Pension plan contributions

    total $850,629 · program services $718,966 · management and general $131,663

  • 9 · Other employee benefits

    total $1,404,894 · program services $1,116,695 · management and general $288,199

  • 10 · Payroll taxes

    total $645,550 · program services $505,446 · management and general $140,104

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $484 · program services $339 · management and general $145

  • 11c · Fees: accounting

    total $147,124 · management and general $147,124

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $2,688,515 · program services $2,500,806 · management and general $187,709

  • 12 · Advertising and promotion

    total $844 · program services $591 · management and general $253

  • 13 · Office expenses

    total $323,791 · program services $226,654 · management and general $97,137

  • 14 · Information technology

    total $486,950 · program services $484,587 · management and general $2,363

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,150,004 · program services $791,671 · management and general $358,333

  • 17 · Travel

    total $6,500 · program services $4,550 · management and general $1,950

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $5,603 · program services $5,603

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $3,012,171 · program services $3,012,171

  • 22 · Depreciation, depletion and amortization

    total $735,837 · program services $515,086 · management and general $220,751

  • 23 · Insurance

    total $1,057,284 · program services $983,758 · management and general $73,526

  • 24a · Other expenses: GENERAL AND ADMINISTRATIVE

    total $4,300,000 · program services $4,300,000

  • 24b · Other expenses: UNIVERSITY TRANSFERS

    total $1,400,000 · program services $1,400,000

  • 24c · Other expenses: DEPARTMENTAL DEVELOPMENT

    total $874,425 · program services $874,425

  • 24d · Other expenses: MEDICAL SUPPLIES

    total $832,782 · program services $832,782

  • 24e · All other expenses

    total $970,463 · program services $152,595 · management and general $817,868

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,768,061 · end of year $1,783,436

  • 2 · Savings and temporary cash investments

    beginning of year $110,790 · end of year $7,288,115

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,144,636 · end of year $2,390,104

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $194,476 · end of year $138,358

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

    $6,991,716

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

    $3,503,439

  • 10c · Land, buildings and equipment, net

    beginning of year $3,949,107 · end of year $3,488,277

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,579,893 · end of year $7,919,685

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,361,963 · end of year $3,746,734

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $74,022,564 · end of year $22,322,471

  • 27 · Net assets without donor restrictions

    beginning of year -$60,637,564 · end of year -$3,061,230

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE, MEDICAL SERVICES ARE RENDERED BY THE MEMBERS OF THE FACULTY ON BEHALF OF THE SCHOOL OF MEDICINE IN CONNECTION WITH THEIR DUTIES TO PROVIDE CLINICAL INSTRUCTION FOR MEDICAL STUDENTS AND OTHER TRAINEES AND TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR SERVICES.

Activities or mission (Part I)

SEE SCHEDULE O

  • UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE, MEDICAL SERVICES ARE RENDERED BY THE MEMBERS OF THE FACULTY ON BEHALF OF THE SCHOOL OF MEDICINE IN CONNECTION WITH THEIR DUTIES TO PROVIDE CLINICAL INSTRUCTION FOR MEDICAL STUDENTS AND OTHER TRAINEES AND TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR SERVICES.

    Expenses $32,005,948 · Grants $74,600 · Revenue $31,852,454

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Steven C Ludwig MD

    PHYSICIAN

    Total calculated
    $1,308,713
    From this org
    $1,284,400
    From related orgs
    $0
    Other
    $24,313
    Hours/week
    31

    Schedule J breakdown matched by us

    Base
    $707,887
    Bonus
    $576,513
    Other
    $0
    Deferred
    $19,439
    Nontaxable benefits
    $4,874
    Filer's total
    $1,308,713

  • Daniel Cavanaugh MD

    PHYSICIAN

    Total calculated
    $692,264
    From this org
    $665,182
    From related orgs
    $0
    Other
    $27,082
    Hours/week
    33

    Schedule J breakdown matched by us

    Base
    $397,062
    Bonus
    $268,120
    Other
    $0
    Deferred
    $22,208
    Nontaxable benefits
    $4,874
    Filer's total
    $692,264

  • Brent Bauer MD

    PHYSICIAN

    Total calculated
    $536,601
    From this org
    $509,239
    From related orgs
    $0
    Other
    $27,362
    Hours/week
    26

    Schedule J breakdown matched by us

    Base
    $463,148
    Bonus
    $46,091
    Other
    $0
    Deferred
    $22,488
    Nontaxable benefits
    $4,874
    Filer's total
    $536,601

  • Eugene Y Koh MD

    PHYSICIAN

    Total calculated
    $509,696
    From this org
    $482,771
    From related orgs
    $0
    Other
    $26,925
    Hours/week
    26

    Schedule J breakdown matched by us

    Base
    $315,186
    Bonus
    $167,585
    Other
    $0
    Deferred
    $22,051
    Nontaxable benefits
    $4,874
    Filer's total
    $509,696

  • Jason W Nascone MD

    PHYSICIAN

    Total calculated
    $442,768
    From this org
    $415,604
    From related orgs
    $0
    Other
    $27,164
    Hours/week
    28

    Schedule J breakdown matched by us

    Base
    $388,433
    Bonus
    $27,171
    Other
    $0
    Deferred
    $22,290
    Nontaxable benefits
    $4,874
    Filer's total
    $442,768

  • Marcus F Sciadini MD

    TREASURER

    Total calculated
    $419,426
    From this org
    $392,339
    From related orgs
    $0
    Other
    $27,087
    Hours/week
    30 + 1 related

    Schedule J breakdown matched by us

    Base
    $366,464
    Bonus
    $25,875
    Other
    $0
    Deferred
    $22,213
    Nontaxable benefits
    $4,874
    Filer's total
    $419,426

  • Lawrence K Thompson IV MD

    SECRETARY

    Total calculated
    $337,466
    From this org
    $50,456
    From related orgs
    $281,000
    Other
    $6,010
    Hours/week
    10 + 1 related

    Schedule J breakdown matched by us

    Base
    $2,772 + $281,000 related
    Bonus
    $47,684
    Other
    $0
    Deferred
    $3,339
    Nontaxable benefits
    $2,671
    Filer's total
    $56,466 + $281,000 related

  • Frank R Henn MD

    PRESIDENT & CHAIR (FROM 12/22)

    Total calculated
    $317,133
    From this org
    $290,574
    From related orgs
    $0
    Other
    $26,559
    Hours/week
    10 + 1 related

    Schedule J breakdown matched by us

    Base
    $289,878
    Bonus
    $696
    Other
    $0
    Deferred
    $21,685
    Nontaxable benefits
    $4,874
    Filer's total
    $317,133

  • Daniel E Gelb MD

    VICE PRESIDENT

    Total calculated
    $248,553
    From this org
    $225,237
    From related orgs
    $0
    Other
    $23,316
    Hours/week
    30 + 1 related

    Schedule J breakdown matched by us

    Base
    $224,303
    Bonus
    $934
    Other
    $0
    Deferred
    $18,683
    Nontaxable benefits
    $4,633
    Filer's total
    $248,553

  • Andrew N Pollak MD

    PRESIDENT & CHAIR(UNTIL 12/22)

    Total calculated
    $242,229
    From this org
    $221,402
    From related orgs
    $0
    Other
    $20,827
    Hours/week
    10 + 1 related

    Schedule J breakdown matched by us

    Base
    $118,572
    Bonus
    $102,830
    Other
    $0
    Deferred
    $16,345
    Nontaxable benefits
    $4,482
    Filer's total
    $242,229

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

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1a:
The Organization maintains discretionary spending accounts available to all physicians within the Organization, including those listed on Schedule J. Receipts are required to be submitted for substantiation and the Organization's allowance policy is followed. These substantiated benefits are not treated as taxable to the recipients.
SCHEDULE J, PART I, LINE 6:
THE ORGANIZATION HAS VARIABLE COMPENSATION ARRANGEMENTS WHICH TAKE INTO CONSIDERATION REVENUES, NET EARNINGS, AND OTHER OPERATIONAL TARGETS, SOME OF WHICH ARE POSITION SPECIFIC AND OTHERS WHICH ARE ORGANIZATION WIDE.
Schedule J, Part I, Line 7:
THE ORGANIZATION HAS VARIABLE COMPENSATION ARRANGEMENTS WHICH TAKE INTO CONSIDERATION REVENUES, NET EARNINGS, AND OTHER OPERATIONAL TARGETS, SOME OF WHICH ARE POSITION SPECIFIC AND OTHERS WHICH ARE ORGANIZATION WIDE.

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
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202401369349316140

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.