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← PHELPS MEDICAL SERVICES PC

Form 990 for tax year 2024

Filed by PHELPS MEDICAL SERVICES PC.

Totals

Total revenue
$114,840,768
Total expenses
$114,840,768
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$93,736,968
Investment income
$0
Other revenue
$21,103,800
Total assets, end of year
$18,174,290
Total liabilities, end of year
$37,694,458
Net assets or fund balances, end of year
-$19,520,168
Program services expenses (Part IX)
$101,518,262
Management and general expenses
$13,322,506
Fundraising expenses
$0
Program service expenses (Part III)
$101,518,262

Program services were 88.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DAVID GORDON MD

    Neurosurgeon

    Total calculated
    $1,869,208
    From this org
    $1,783,816
    From related orgs
    $0
    Other
    $85,392
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,680,739
    Bonus
    $100,000
    Other
    $3,077
    Deferred
    $37,950
    Nontaxable benefits
    $47,442
    Filer's total
    $1,869,208

  • MICHAEL GRASSO MD

    Urologist

    Total calculated
    $1,378,928
    From this org
    $1,293,536
    From related orgs
    $0
    Other
    $85,392
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,175,713
    Bonus
    $100,000
    Other
    $17,823
    Deferred
    $37,950
    Nontaxable benefits
    $47,442
    Filer's total
    $1,378,928

  • FLOYD BYFIELD MD

    Gastroenterologist

    Total calculated
    $969,935
    From this org
    $884,613
    From related orgs
    $0
    Other
    $85,322
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $844,427
    Bonus
    $0
    Other
    $40,186
    Deferred
    $37,950
    Nontaxable benefits
    $47,372
    Filer's total
    $969,935

  • YILI HUANG DO

    Pain Medicine

    Total calculated
    $957,014
    From this org
    $909,642
    From related orgs
    $0
    Other
    $47,372
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $858,344
    Bonus
    $25,000
    Other
    $26,298
    Deferred
    $0
    Nontaxable benefits
    $47,372
    Filer's total
    $957,014

  • PARUL SHUKLA MD

    Colorectal Surgeon

    Total calculated
    $910,215
    From this org
    $871,665
    From related orgs
    $0
    Other
    $38,550
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $747,678
    Bonus
    $118,750
    Other
    $5,237
    Deferred
    $37,950
    Nontaxable benefits
    $600
    Filer's total
    $910,215

  • ROBBINS GOTTLOCK

    President

    Total calculated
    $542,721
    From this org
    $0
    From related orgs
    $491,028
    Other
    $51,693
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $443,958 related
    Bonus
    $0 + $43,993 related
    Other
    $0 + $3,077 related
    Deferred
    $0 + $51,093 related
    Nontaxable benefits
    $0 + $600 related
    Filer's total
    $0 + $542,721 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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
  • 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 7 - BONUS AND INCENTIVE COMPENSATION
On Form 990, Part VII, Section A, line 1A, the organization may provide non-fixed payments, not described on lines 5 and 6, to certain listed persons. The organization bases such payments on many performance based factors. Payments of this type appear on Schedule J, Part II, B (II).

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
2024
Filed
4 November 2025
IRS schema version
2024v5.2
Source object
202543169349303989

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