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Nonprofiteer
← PHYSICIAN ENTERPRISE LLC

Form 990 for tax year 2022

Filed by PHYSICIAN ENTERPRISE LLC.

Totals

Total revenue
$226,433,368
Total expenses
$266,808,656
Contributions and grants received
$498,075
Grants paid
$0
Program service revenue
$221,316,667
Investment income
$0
Other revenue
$4,618,626
Total assets, end of year
$46,731,204
Total liabilities, end of year
$102,942,536
Net assets or fund balances, end of year
-$56,211,332
Program services expenses (Part IX)
$226,398,036
Management and general expenses
$40,410,620
Fundraising expenses
$0
Program service expenses (Part III)
$226,398,036

Program services were 84.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MITCHELL SCHWARTZ MD

    CHAIR/PRESIDENT

    Total calculated
    $1,004,811
    From this org
    $967,579
    From related orgs
    $0
    Other
    $37,232
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $665,818
    Bonus
    $202,032
    Other
    $99,729
    Deferred
    $8,700
    Nontaxable benefits
    $28,532
    Filer's total
    $1,004,811

  • KEVIN SMITH

    CHIEF FINANCIAL OFFICER PY TRUSTEE

    Total calculated
    $703,419
    From this org
    $0
    From related orgs
    $611,683
    Other
    $91,736
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $463,815 related
    Bonus
    $0 + $137,573 related
    Other
    $0 + $10,295 related
    Deferred
    $0 + $60,894 related
    Nontaxable benefits
    $0 + $30,842 related
    Filer's total
    $0 + $703,419 related

  • PETER ODENWALD

    BOARD MEMBER/LHCE COO

    Total calculated
    $586,281
    From this org
    $0
    From related orgs
    $524,742
    Other
    $61,539
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $371,232 related
    Bonus
    $0 + $112,108 related
    Other
    $0 + $41,402 related
    Deferred
    $0 + $37,390 related
    Nontaxable benefits
    $0 + $24,149 related
    Filer's total
    $0 + $586,281 related

  • ANDREW P MCGLONE

    BOARD MEMBER

    Total calculated
    $397,829
    From this org
    $384,063
    From related orgs
    $0
    Other
    $13,766
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $363,063
    Bonus
    $500
    Other
    $20,500
    Deferred
    $13,725
    Nontaxable benefits
    $41
    Filer's total
    $397,829

  • ROXANNE LEIBA LAWRENCE

    BOARD MEMBER

    Total calculated
    $287,714
    From this org
    $0
    From related orgs
    $256,127
    Other
    $31,587
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,399 related
    Bonus
    $0 + $38,547 related
    Other
    $0 + $20,181 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $31,587 related
    Filer's total
    $0 + $287,714 related

  • CHAD PATTON MD

    PHYSICIAN

    Total calculated
    $1,349,626
    From this org
    $1,309,690
    From related orgs
    $0
    Other
    $39,936
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,288,690
    Bonus
    $500
    Other
    $20,500
    Deferred
    $8,700
    Nontaxable benefits
    $31,236
    Filer's total
    $1,349,626

  • JEFFREY GELFAND MD

    PHYSICIAN/MEDICAL DIRECTOR

    Total calculated
    $1,302,795
    From this org
    $1,294,095
    From related orgs
    $0
    Other
    $8,700
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,273,595
    Bonus
    $0
    Other
    $20,500
    Deferred
    $8,700
    Nontaxable benefits
    $0
    Filer's total
    $1,302,795

  • BENJAMIN PETRE MD

    PHYSICIAN

    Total calculated
    $1,283,703
    From this org
    $1,244,333
    From related orgs
    $0
    Other
    $39,370
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,243,833
    Bonus
    $500
    Other
    $0
    Deferred
    $8,700
    Nontaxable benefits
    $30,670
    Filer's total
    $1,283,703

  • PAUL KING MD

    PHYSICIAN

    Total calculated
    $1,264,139
    From this org
    $1,216,898
    From related orgs
    $0
    Other
    $47,241
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,195,898
    Bonus
    $500
    Other
    $20,500
    Deferred
    $8,700
    Nontaxable benefits
    $38,541
    Filer's total
    $1,264,139

  • LEONID SELYA

    PHYSICIAN

    Total calculated
    $1,217,023
    From this org
    $1,170,934
    From related orgs
    $0
    Other
    $46,089
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,149,934
    Bonus
    $500
    Other
    $20,500
    Deferred
    $8,700
    Nontaxable benefits
    $37,389
    Filer's total
    $1,217,023

  • VICTORIA W BAYLESS

    LH CEO/FORMER OFFICER/DIRECTOR

    Total calculated
    $2,279,203
    From this org
    $0
    From related orgs
    $1,988,889
    Other
    $290,314
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,205,852 related
    Bonus
    $0 + $478,758 related
    Other
    $0 + $304,279 related
    Deferred
    $0 + $290,064 related
    Nontaxable benefits
    $0 + $250 related
    Filer's total
    $0 + $2,279,203 related

  • SHERRY PERKINS

    FORMER BOARD MEMBER/ LHAAMC PRES

    Total calculated
    $1,100,172
    From this org
    $0
    From related orgs
    $1,031,557
    Other
    $68,615
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $653,409 related
    Bonus
    $0 + $194,594 related
    Other
    $0 + $183,554 related
    Deferred
    $0 + $68,388 related
    Nontaxable benefits
    $0 + $227 related
    Filer's total
    $0 + $1,100,172 related

  • ROBERT REILLY

    FORMER TREASURER

    Total calculated
    $491,939
    From this org
    $0
    From related orgs
    $467,093
    Other
    $24,846
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $467,093 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,846 related
    Filer's total
    $0 + $491,939 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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
THE REPORTING ORGANIZATION RELIES ON LUMINIS HEALTH, INC., A RELATED ORGANIZATION, TO ESTABLISH COMPENSATION FOR THE TOP MANAGEMENT OFFICIALS.
PART I, LINES 4A-B
DURING THE YEAR, ROBERT REILLY RECEIVED A SEVERANCE PAYMENT OF $476,815 THE FOLLOWING PARTICIPATED IN THE ORGANIZATION'S 457(F) PLAN: VICTORIA BAYLESS $277,014 SHERRY PERKINS $ 59,688 KEVIN SMITH $ 52,194 PETER ODENWALD $ 28,690 DURING THE YEAR, THE FOLLOWING RECEIVED PAYMENTS AS PART OF THEIR PARTICIPATION IN THE ORGANIZATION'S 457(F) PLAN: VICTORIA BAYLESS $215,140 SHERRY PERKINS $128,303 PETER ODENWALD $ 15,495

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • SEE SUPPLEMENTAL NARRATIVE

    $226,398,037

    Disposition · EXPENDITURE OF ASSETS FOR EXEMPT PURPOSE · Jun 30, 2023 · 501(C)(3)

Provenance

Return type
form_990
Tax year
2022
Filed
26 April 2024
IRS schema version
2022v5.0
Source object
202431229349301818

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