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Nonprofiteer
← UNIVERSITY OF MARYLAND PHYSICIANS PA

Form 990 for tax year 2024

Filed by UNIVERSITY OF MARYLAND PHYSICIANS PA.

Totals

Total revenue
$73,451,618
Total expenses
$68,581,335
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$73,205,637
Investment income
$245,981
Other revenue
$0
Total assets, end of year
$34,055,186
Total liabilities, end of year
$26,117,071
Net assets or fund balances, end of year
$7,938,115
Program services expenses (Part IX)
$60,584,514
Management and general expenses
$7,996,821
Fundraising expenses
$0
Program service expenses (Part III)
$60,584,514

Program services were 88.3% 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: PATIENT SERVICE REVENUE

    total $49,344,089 · related or exempt $49,344,089

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

    total $23,861,548 · related or exempt $23,861,548

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $245,981 · excluded $245,981

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $799,312 · program services $799,312

  • 7 · Other salaries and wages

    total $25,413,139 · program services $21,003,376 · management and general $4,409,763

  • 8 · Pension plan contributions

    total $1,708,536 · program services $1,419,331 · management and general $289,205

  • 9 · Other employee benefits

    total $3,510,687 · program services $2,863,461 · management and general $647,226

  • 10 · Payroll taxes

    total $1,183,244 · program services $928,696 · management and general $254,548

  • 11b · Fees: legal

    total $11,783 · program services $8,248 · management and general $3,535

  • 11c · Fees: accounting

    total $59,481 · management and general $59,481

  • 11g · Fees: other

    total $2,740,432 · program services $1,863,970 · management and general $876,462 · fundraising $0

  • 13 · Office expenses

    total $675,374 · program services $378,129 · management and general $297,245

  • 14 · Information technology

    total $1,430,710 · program services $1,361,437 · management and general $69,273

  • 16 · Occupancy

    total $1,734,696 · program services $1,214,287 · management and general $520,409

  • 19 · Conferences, conventions and meetings

    total $97,304 · program services $71,387 · management and general $25,917

  • 21 · Payments to affiliates

    total $5,525,634 · program services $5,525,634

  • 22 · Depreciation, depletion and amortization

    total $226,133 · program services $158,293 · management and general $67,840

  • 23 · Insurance

    total $2,937,505 · program services $2,892,966 · management and general $44,539

  • 24a · Other expenses: UNIVERSITY TRANSFERS

    total $11,263,933 · program services $11,263,933

  • 24b · Other expenses: DEPARTMENTAL DEVELOPMENT

    total $7,255,735 · program services $7,255,735

  • 24c · Other expenses: MEDICAL SUPPLIES

    total $1,570,934 · program services $1,570,934

  • 24d · Other expenses: EMPLOYEE RELATIONS

    total $436,763 · program services $5,385 · management and general $431,378

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,035,632 · end of year $7,455,603

  • 4 · Accounts receivable

    beginning of year $7,192,412 · end of year $5,080,205

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,456 · end of year $8,202

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

    $3,882,890

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

    $2,812,623

  • 10c · Land, buildings and equipment, net

    beginning of year $398,183 · end of year $1,070,267

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $8,178,824 · end of year $20,440,909

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,881,350 · end of year $6,456,356

  • 19 · Deferred revenue

    beginning of year $3,109,035 · end of year $2,572,878

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $9,515,290 · end of year $17,087,837

  • 27 · Net assets without donor restrictions

    beginning of year $5,334,832 · end of year $7,938,115

Mission and programs · 2024

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.

  • 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 $60,584,514 · Revenue $73,205,637

As filed on the 2024 return.

Listed in Part VII

  • Jung-Soo Hong MD

    Vice President

    Total calculated
    $17,073
    From this org
    $13,250
    From related orgs
    $0
    Other
    $3,823
    Hours/week
    40

  • Stephen Davis MBBS

    President

    Total calculated
    $407,214
    From this org
    $375,889
    From related orgs
    $0
    Other
    $31,325
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $284,889
    Bonus
    $91,000
    Other
    $0
    Deferred
    $23,471
    Nontaxable benefits
    $7,854
    Filer's total
    $407,214

  • Anuj Gupta MD

    Director

    Total calculated
    $268,436
    From this org
    $246,078
    From related orgs
    $0
    Other
    $22,358
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,358
    Bonus
    $4,720
    Other
    $0
    Deferred
    $16,364
    Nontaxable benefits
    $5,994
    Filer's total
    $268,436

  • Jason Rose MD

    Director

    Total calculated
    $37,371
    From this org
    $30,000
    From related orgs
    $0
    Other
    $7,371
    Hours/week
    40 + 1 related

  • Jeffrey Hasday MD

    Director (THRU 02/25)

    Total calculated
    $5,482
    From this org
    $1,440
    From related orgs
    $0
    Other
    $4,042
    Hours/week
    40

  • Matthew Weir MD

    Director

    Total calculated
    $68,614
    From this org
    $61,533
    From related orgs
    $0
    Other
    $7,081
    Hours/week
    40

  • Carrie Wallace

    Secretary & Treasurer

    Total calculated
    $40,298
    From this org
    $35,312
    From related orgs
    $0
    Other
    $4,986
    Hours/week
    40

  • Brian Barr MD

    PROFESSOR

    Total calculated
    $240,102
    From this org
    $221,999
    From related orgs
    $0
    Other
    $18,103
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,757
    Bonus
    $14,242
    Other
    $0
    Deferred
    $15,198
    Nontaxable benefits
    $2,905
    Filer's total
    $240,102

  • Darrell Rubin MD

    PROFESSOR

    Total calculated
    $185,692
    From this org
    $173,947
    From related orgs
    $0
    Other
    $11,745
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,427
    Bonus
    $22,520
    Other
    $0
    Deferred
    $11,745
    Nontaxable benefits
    $0
    Filer's total
    $185,692

  • Hassan Ghoz MD

    PROFESSOR

    Total calculated
    $286,189
    From this org
    $265,607
    From related orgs
    $0
    Other
    $20,582
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,607
    Bonus
    $10,000
    Other
    $0
    Deferred
    $5,892
    Nontaxable benefits
    $14,690
    Filer's total
    $286,189

  • Reyaz Haque MD

    PROFESSOR

    Total calculated
    $238,609
    From this org
    $218,500
    From related orgs
    $0
    Other
    $20,109
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,080
    Bonus
    $60,420
    Other
    $0
    Deferred
    $15,702
    Nontaxable benefits
    $4,407
    Filer's total
    $238,609

  • Roberto Benitez MD

    PROFESSOR

    Total calculated
    $338,990
    From this org
    $312,204
    From related orgs
    $0
    Other
    $26,786
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,129
    Bonus
    $34,075
    Other
    $0
    Deferred
    $21,333
    Nontaxable benefits
    $5,453
    Filer's total
    $338,990

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

  • 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

  • 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 6a Compensation contingent on net earnings of the organization
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 Non-fixed payments
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

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.

  • UNIVERSITY OF MARYLAND FACULTY PHYSICIANS INC

    501(c)(3) · COORDINATION AND IMPLEMENTATION OF A MEDICAL SERVICE PLAN · MD

    Directly controlled by NA

  • MARYLAND MEDICINE PA

    501(c)(3) · EMPLOYMENT SERVICES TO THE PROFESSIONAL ASSOCIATIONS (PA) SCHOOL OF MEDICINE · MD

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.1
Source object
202601349349300730

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