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Nonprofiteer
← PHYSICAL MEDICINE SPECIALISTS INC

Form 990 for tax year 2022

Filed by PHYSICAL MEDICINE SPECIALISTS INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 5 June 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$8,850,359
Total expenses
$11,473,222
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,742,139
Investment income
$81,402
Other revenue
$26,818
Total assets, end of year
$2,164,853
Total liabilities, end of year
$12,277,016
Net assets or fund balances, end of year
-$10,112,163
Program services expenses (Part IX)
$9,965,789
Management and general expenses
$1,507,433
Fundraising expenses
$0
Program service expenses (Part III)
$9,965,789

Program services were 86.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DOUGLAS M BAER

    CHAIRMAN/CEO

    Total calculated
    $2,466,414
    From this org
    $0
    From related orgs
    $2,402,243
    Other
    $64,171
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,398,382 related
    Bonus
    $0
    Other
    $0 + $3,861 related
    Deferred
    $0 + $47,500 related
    Nontaxable benefits
    $0 + $16,671 related
    Filer's total
    $0 + $2,466,414 related

  • ERIC MANN

    BOARD MEMBER

    Total calculated
    $29,700
    From this org
    $0
    From related orgs
    $29,700
    Other
    $0
    Hours/week
    2 + 4 related

  • TREVOR PARIS MD

    VICE PRESIDENT/MED. DIRECT

    Total calculated
    $616,079
    From this org
    $0
    From related orgs
    $564,208
    Other
    $51,871
    Hours/week
    10 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $558,583 related
    Bonus
    $0
    Other
    $0 + $5,625 related
    Deferred
    $0 + $27,000 related
    Nontaxable benefits
    $0 + $24,871 related
    Filer's total
    $0 + $616,079 related

  • BRUCE JOHNSON

    BOARD MEMBER

    Total calculated
    $46,500
    From this org
    $0
    From related orgs
    $46,500
    Other
    $0
    Hours/week
    1 + 5 related

  • HOWARD SERKIN

    BOARD MEMBER

    Total calculated
    $38,400
    From this org
    $0
    From related orgs
    $38,400
    Other
    $0
    Hours/week
    1 + 5 related

  • DANIEL R CURRAN

    SECRETARY/CFO

    Total calculated
    $457,234
    From this org
    $0
    From related orgs
    $438,079
    Other
    $19,155
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $436,595 related
    Bonus
    $0
    Other
    $0 + $1,484 related
    Deferred
    $0 + $13,223 related
    Nontaxable benefits
    $0 + $5,932 related
    Filer's total
    $0 + $457,234 related

  • J BRITTON TABOR

    SECRETARY/CFO

    Total calculated
    $411,532
    From this org
    $0
    From related orgs
    $403,908
    Other
    $7,624
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $400,344 related
    Bonus
    $0
    Other
    $0 + $3,564 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,624 related
    Filer's total
    $0 + $411,532 related

  • KENNETH NGO MD

    DIRECTOR MEDICAL PROGRAM

    Total calculated
    $438,285
    From this org
    $393,814
    From related orgs
    $0
    Other
    $44,471
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $393,291
    Bonus
    $0
    Other
    $523
    Deferred
    $20,500
    Nontaxable benefits
    $23,971
    Filer's total
    $438,285

  • HOWARD WEISS MD

    MEDICAL DIRECTOR

    Total calculated
    $547,713
    From this org
    $499,145
    From related orgs
    $0
    Other
    $48,568
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $495,336
    Bonus
    $0
    Other
    $3,809
    Deferred
    $27,000
    Nontaxable benefits
    $21,568
    Filer's total
    $547,713

  • JORGE PEREZ-LOPEZ MD

    PHYSIATRIST

    Total calculated
    $467,448
    From this org
    $430,067
    From related orgs
    $0
    Other
    $37,381
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $429,745
    Bonus
    $0
    Other
    $322
    Deferred
    $20,500
    Nontaxable benefits
    $16,881
    Filer's total
    $467,448

  • PARAG SHAH MD

    PHYSIATRIST

    Total calculated
    $416,693
    From this org
    $363,272
    From related orgs
    $0
    Other
    $53,421
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $362,760
    Bonus
    $0
    Other
    $512
    Deferred
    $36,750
    Nontaxable benefits
    $16,671
    Filer's total
    $416,693

  • GENEVA TUNUZI MD

    PHYSIATRIST

    Total calculated
    $425,623
    From this org
    $404,623
    From related orgs
    $0
    Other
    $21,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $404,100
    Bonus
    $0
    Other
    $523
    Deferred
    $20,500
    Nontaxable benefits
    $500
    Filer's total
    $425,623

  • CASSANDRA LIST MD

    PHYSIATRIST

    Total calculated
    $309,524
    From this org
    $279,510
    From related orgs
    $0
    Other
    $30,014
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $279,183
    Bonus
    $0
    Other
    $327
    Deferred
    $18,700
    Nontaxable benefits
    $11,314
    Filer's total
    $309,524

  • IVY GARCIA MD

    PHYSIATRIST

    Total calculated
    $298,455
    From this org
    $279,039
    From related orgs
    $0
    Other
    $19,416
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $277,496
    Bonus
    $0
    Other
    $1,543
    Deferred
    $11,000
    Nontaxable benefits
    $8,416
    Filer's total
    $298,455

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

  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments

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
  • 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 6
THE COMPANY HAS A SUCCESS SHARING PLAN THAT INCLUDES MOST EMPLOYEES. PAYMENT IS CALCULATED AS A PERCENTAGE OF COMPENSATION AND IS TRIGGERED BY MEETING SPECIFIC OPERATIONAL AND FINANCIAL GOALS.
PART I, LINE 7
IN 2020, DUE TO COVID, THE ORGANIZATION PAID BONUS PAYMENTS AS A HEROES PLAN.
PART I, LINE 3:
CERTAIN BOARD MEMBERS AND MANAGEMENT OFFICIALS ARE COMPENSATED BY GENESIS HEALTH, INC., THE SOLE MEMBER. THE BOARD OF GENESIS HEALTH USES THE FOLLOWING METHODS TO DETERMINE EXECUTIVE COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION STUDY OR SURVEY - APPROVAL BY COMPENSATION COMMITTEE

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333189349310453

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