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← UNIVERSITY OF MARYLAND ORTHOPAEDIC ASSOCIATES P A

Form 990 for tax year 2024

Filed by UNIVERSITY OF MARYLAND ORTHOPAEDIC ASSOCIATES P A.

Totals

Total revenue
$42,642,731
Total expenses
$46,469,443
Contributions and grants received
$0
Grants paid
$46,150
Program service revenue
$42,372,446
Investment income
$270,285
Other revenue
$0
Total assets, end of year
$29,149,322
Total liabilities, end of year
$28,521,018
Net assets or fund balances, end of year
$628,304
Program services expenses (Part IX)
$41,436,914
Management and general expenses
$5,032,529
Fundraising expenses
$0
Program service expenses (Part III)
$41,436,914

Program services were 89.2% 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 $27,187,294 · related or exempt $27,187,294

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

    total $15,185,152 · related or exempt $15,185,152

  • 2f · All other program service revenue

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

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

    total $342,469 · excluded $342,469

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7b · Less cost or other basis and sales expenses

    securities $72,184

  • 7c · Gain or loss

    securities -$72,184 · other assets $0

  • 7d · Net gain or loss

    total -$72,184 · excluded -$72,184

  • 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.

  • 1 · Grants to domestic organizations and governments

    total $46,150 · program services $46,150

  • 5 · Compensation of officers, directors and key employees

    total $2,331,105 · program services $2,331,105

  • 7 · Other salaries and wages

    total $17,084,631 · program services $15,341,760 · management and general $1,742,871

  • 8 · Pension plan contributions

    total $1,182,651 · program services $1,031,693 · management and general $150,958

  • 9 · Other employee benefits

    total $1,966,081 · program services $1,581,339 · management and general $384,742

  • 10 · Payroll taxes

    total $791,591 · program services $640,382 · management and general $151,209

  • 11c · Fees: accounting

    total $159,434 · management and general $159,434

  • 11g · Fees: other

    total $3,054,910 · program services $2,876,541 · management and general $178,369 · fundraising $0

  • 12 · Advertising and promotion

    total $13,350 · program services $9,345 · management and general $4,005

  • 13 · Office expenses

    total $659,766 · program services $461,836 · management and general $197,930

  • 14 · Information technology

    total $749,760 · program services $742,662 · management and general $7,098

  • 16 · Occupancy

    total $1,776,684 · program services $1,235,681 · management and general $541,003

  • 17 · Travel

    total $8,482 · program services $5,937 · management and general $2,545

  • 19 · Conferences, conventions and meetings

    total $8,087 · program services $8,087

  • 21 · Payments to affiliates

    total $3,930,119 · program services $3,930,119

  • 22 · Depreciation, depletion and amortization

    total $1,069,357 · program services $748,550 · management and general $320,807

  • 23 · Insurance

    total $1,179,135 · program services $1,064,503 · management and general $114,632

  • 24a · Other expenses: GENERAL AND ADMINISTRATIVE

    total $5,000,000 · program services $5,000,000

  • 24b · Other expenses: UNIVERSITY TRANSFERS

    total $1,600,000 · program services $1,600,000

  • 24c · Other expenses: MEDICAL SUPPLIES

    total $1,073,394 · program services $1,073,394

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $918,140 · management and general $918,140

  • 24e · All other expenses

    total $1,866,616 · program services $1,707,830 · management and general $158,786 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,865,942 · end of year $1,813,639

  • 2 · Savings and temporary cash investments

    beginning of year $7,794,192 · end of year $8,091,035

  • 4 · Accounts receivable

    beginning of year $2,225,742 · end of year $2,727,171

  • 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 $185,680 · end of year $73,913

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

    $10,808,711

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

    $5,120,111

  • 10c · Land, buildings and equipment, net

    beginning of year $4,986,930 · end of year $5,688,600

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $9,373,441 · end of year $10,754,964

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,172,821 · end of year $5,118,876

  • 19 · Deferred revenue

    beginning of year $29,511 · end of year $27,560

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $21,324,609 · end of year $23,374,582

  • 27 · Net assets without donor restrictions

    beginning of year $904,986 · end of year $628,304

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 $41,436,914 · Grants $46,150 · Revenue $42,372,446

As filed on the 2024 return.

Listed in Part VII

  • Frank R Henn III MD

    President

    Total calculated
    $290,511
    From this org
    $273,215
    From related orgs
    $0
    Other
    $17,296
    Hours/week
    20 + 1 related

    Schedule J breakdown matched by us

    Base
    $135,615
    Bonus
    $137,600
    Other
    $0
    Deferred
    $12,823
    Nontaxable benefits
    $4,473
    Filer's total
    $290,511

  • Lawrence K Thompson

    Secretary

    Total calculated
    $241,199
    From this org
    $32,196
    From related orgs
    $202,176
    Other
    $6,827
    Hours/week
    10 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,176 related
    Bonus
    $32,196
    Other
    $0
    Deferred
    $3,814
    Nontaxable benefits
    $3,013
    Filer's total
    $39,023 + $202,176 related

  • Marcus Sciadini MD

    Treasurer

    Total calculated
    $403,603
    From this org
    $375,006
    From related orgs
    $0
    Other
    $28,597
    Hours/week
    30 + 1 related

    Schedule J breakdown matched by us

    Base
    $375,006
    Bonus
    $0
    Other
    $0
    Deferred
    $24,124
    Nontaxable benefits
    $4,473
    Filer's total
    $403,603

  • Steven Ludwig MD

    Vice President

    Total calculated
    $1,495,144
    From this org
    $1,470,370
    From related orgs
    $0
    Other
    $24,774
    Hours/week
    31

    Schedule J breakdown matched by us

    Base
    $804,679
    Bonus
    $665,691
    Other
    $0
    Deferred
    $20,301
    Nontaxable benefits
    $4,473
    Filer's total
    $1,495,144

  • Brent Bauer MD

    Physician

    Total calculated
    $571,221
    From this org
    $541,708
    From related orgs
    $0
    Other
    $29,513
    Hours/week
    26

    Schedule J breakdown matched by us

    Base
    $496,708
    Bonus
    $45,000
    Other
    $0
    Deferred
    $25,040
    Nontaxable benefits
    $4,473
    Filer's total
    $571,221

  • Daniel Cavanaugh MD

    Physician

    Total calculated
    $989,120
    From this org
    $959,131
    From related orgs
    $0
    Other
    $29,989
    Hours/week
    33

    Schedule J breakdown matched by us

    Base
    $571,414
    Bonus
    $387,717
    Other
    $0
    Deferred
    $25,516
    Nontaxable benefits
    $4,473
    Filer's total
    $989,120

  • Eugene Koh MD

    Physician

    Total calculated
    $571,194
    From this org
    $541,087
    From related orgs
    $0
    Other
    $30,107
    Hours/week
    26

    Schedule J breakdown matched by us

    Base
    $364,980
    Bonus
    $176,107
    Other
    $0
    Deferred
    $25,634
    Nontaxable benefits
    $4,473
    Filer's total
    $571,194

  • Jason Nascone MD

    Physician

    Total calculated
    $426,983
    From this org
    $398,373
    From related orgs
    $0
    Other
    $28,610
    Hours/week
    28

    Schedule J breakdown matched by us

    Base
    $398,373
    Bonus
    $0
    Other
    $0
    Deferred
    $24,137
    Nontaxable benefits
    $4,473
    Filer's total
    $426,983

  • Louis Bivona MD

    Physician

    Total calculated
    $407,620
    From this org
    $379,020
    From related orgs
    $0
    Other
    $28,600
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $379,020
    Bonus
    $0
    Other
    $0
    Deferred
    $24,127
    Nontaxable benefits
    $4,473
    Filer's total
    $407,620

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 Discretionary spending account
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 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

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.

  • UNIVERSITY OF MARYLAND MEDICINE

    Related · Medical Services · MD · 30% owned · share of income -$54,128 · share of assets $795,555

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.1
Source object
202601359349314965

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