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Nonprofiteer
← COASTAL MEDICAL PHYSICIANS INC

Form 990 for tax year 2023

Filed by COASTAL MEDICAL PHYSICIANS INC.

Totals

Total revenue
$41,403,123
Total expenses
$90,999,925
Contributions and grants received
$612,790
Grants paid
$0
Program service revenue
$40,354,379
Investment income
$0
Other revenue
$435,954
Total assets, end of year
$25,768,532
Total liabilities, end of year
$67,178,781
Net assets or fund balances, end of year
-$41,410,249
Program services expenses (Part IX)
$55,617,496
Management and general expenses
$35,382,429
Fundraising expenses
$0
Program service expenses (Part III)
$55,617,496

Program services were 61.1% 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.

  • 1e · Government grants (contributions)

    $612,790

  • 2a · Program service revenue: ER Initiative Revenue

    total $100,001 · related or exempt $100,001

  • 2b · Program service revenue: Patient Service Revenue

    total $56,050,490 · related or exempt $56,050,490

  • 2c · Program service revenue: Provider Relief Funds

    total $144,445 · related or exempt $144,445

  • 2d · Program service revenue: Value-Based Revenue

    total -$15,940,557 · related or exempt -$15,940,557

  • 3 · Investment income

    total $0

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

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Consulting Revenue

    total $24,131 · excluded $24,131

  • 11b · Other revenue: Other Income

    total $381,823 · excluded $381,823

  • 11c · Other revenue: Pharmacy Revenue

    total $30,000 · excluded $30,000

  • 11e · Other revenue, total

    $435,954

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $2,205,006 · program services $1,539,565 · management and general $665,441

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $60,791,139 · program services $39,415,535 · management and general $21,375,604

  • 8 · Pension plan contributions

    total $2,976,089 · program services $1,932,966 · management and general $1,043,123

  • 9 · Other employee benefits

    total $8,502,975 · program services $5,520,820 · management and general $2,982,155

  • 10 · Payroll taxes

    total $4,207,468 · program services $2,734,854 · management and general $1,472,614

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $550 · management and general $550

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $196,112 · program services $192,070 · management and general $4,042

  • 12 · Advertising and promotion

    total $10,759 · management and general $10,759

  • 13 · Office expenses

    total $137,811 · program services $20,672 · management and general $117,139

  • 14 · Information technology

    total $965,781 · program services $579,469 · management and general $386,312

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $5,618,289 · program services $561,830 · management and general $5,056,459

  • 17 · Travel

    total $233,665 · program services $231,328 · management and general $2,337

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $283,651 · management and general $283,651

  • 23 · Insurance

    total $1,110,347 · management and general $1,110,347

  • 24a · Other expenses: Medical & Surgical Supplies

    total $1,124,538 · program services $1,124,538

  • 24b · Other expenses: Management Fee

    total $360,000 · management and general $360,000

  • 24c · Other expenses: Answering Service Fees

    total $349,560 · program services $349,560

  • 24d · Other expenses: Miscellaneous expense

    total $299,545 · program services $149,771 · management and general $149,774

  • 24e · All other expenses

    total $1,626,640 · program services $1,264,518 · management and general $362,122

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $965,271 · end of year $500,031

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $18,813,924 · end of year $15,611,871

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $289,532 · end of year $187,858

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

    $3,296,737

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

    $1,281,226

  • 10c · Land, buildings and equipment, net

    beginning of year $1,405,927 · end of year $2,015,511

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    beginning of year $10,101 · end of year $8,954

  • 15 · Other assets

    beginning of year $9,018,971 · end of year $7,444,307

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,163,822 · end of year $9,998,847

  • 19 · Deferred revenue

    beginning of year $2,291,825 · end of year $725,703

  • 25 · Other liabilities

    beginning of year $22,355,491 · end of year $56,454,231

  • 27 · Net assets without donor restrictions

    beginning of year -$3,534,015 · end of year -$41,513,751

  • 28 · Net assets with donor restrictions

    beginning of year $226,603 · end of year $103,502

Mission and programs · 2023

Mission

CMPI was organized to provide accountable patient-centered, high quality, efficient, value-based and innovative care to serve the health needs of the communities in Rhode Island and elsewhere. (see Schedule O)

  • Brown Health Medical Group Primary Care (BHMGPC) is a primary care driven practice serving 165,000 patients with a team of over 150 providers & clinicians located in 25 medical offices across Rhode Island. BHMGPC supports the three-part aim of better care, better health, and lower cost. BHMGPC is committed to providing outstanding care to its patients by offering 365-day access to sick visits, developing chronic care management programs for its sickest patients, and building care teams that support its providers in delivering high-quality care. BHMGPC fosters a culture of teamwork, innovation, and shared learning that inspires its employees to continuously improve the care provided and the services offered to patients. BHMGPC offers cardiology, pulmonology, behavioral health, and musculoskeletal health services. BHMGPC also provides laboratory services to BHMGPC patients and the community.

    Expenses $55,617,496 · Revenue $40,354,379

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Timothy J Babineau

    Fmr. Chair

    Total calculated
    $3,679,575
    From this org
    $0
    From related orgs
    $2,343,283
    Other
    $1,336,292
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported + $2,343,283 related
    Deferred
    not reported + $1,336,292 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $3,679,575 related

  • Peter K Markell

    Treasurer

    Total calculated
    $1,212,570
    From this org
    $0
    From related orgs
    $1,193,642
    Other
    $18,928
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    not reported + $883,350 related
    Bonus
    not reported + $186,333 related
    Other
    not reported + $123,959 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $18,928 related
    Filer's total
    not reported + $1,212,570 related

  • Dean G Roye MD

    Secretary

    Total calculated
    $998,340
    From this org
    $0
    From related orgs
    $850,449
    Other
    $147,891
    Hours/week
    0.25 + 39.75 related

    Schedule J breakdown matched by us

    Base
    not reported + $590,477 related
    Bonus
    not reported + $155,455 related
    Other
    not reported + $104,517 related
    Deferred
    not reported + $114,934 related
    Nontaxable benefits
    not reported + $32,957 related
    Filer's total
    not reported + $998,340 related

  • Edward McGookin MD

    President

    Total calculated
    $699,035
    From this org
    $576,352
    From related orgs
    $0
    Other
    $122,683
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $469,894
    Bonus
    $80,160
    Other
    $26,298
    Deferred
    $89,672
    Nontaxable benefits
    $33,011
    Filer's total
    $699,035

  • Alan G Kurose MD

    Fmr. President

    Total calculated
    $604,763
    From this org
    $593,347
    From related orgs
    $0
    Other
    $11,416
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $426,299
    Bonus
    not reported
    Other
    $167,048
    Deferred
    $1,065
    Nontaxable benefits
    $10,351
    Filer's total
    $604,763

  • Jeffrey T Gaines MD

    Chairman

    Total calculated
    $528,465
    From this org
    $0
    From related orgs
    $442,719
    Other
    $85,746
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $343,816 related
    Bonus
    not reported + $46,730 related
    Other
    not reported + $52,173 related
    Deferred
    not reported + $55,913 related
    Nontaxable benefits
    not reported + $29,833 related
    Filer's total
    not reported + $528,465 related

  • Christopher Ferraro

    CFO

    Total calculated
    $385,912
    From this org
    $0
    From related orgs
    $345,402
    Other
    $40,510
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $298,472 related
    Bonus
    not reported + $39,638 related
    Other
    not reported + $7,292 related
    Deferred
    not reported + $37,362 related
    Nontaxable benefits
    not reported + $3,148 related
    Filer's total
    not reported + $385,912 related

  • Matthew T Salisbury MD

    Director

    Total calculated
    $381,557
    From this org
    $337,810
    From related orgs
    $0
    Other
    $43,747
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,009
    Bonus
    $103,700
    Other
    $2,101
    Deferred
    $11,355
    Nontaxable benefits
    $32,392
    Filer's total
    $381,557

  • Liza Cantor MD

    Physician

    Total calculated
    $380,444
    From this org
    $330,279
    From related orgs
    $0
    Other
    $50,165
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,263
    Bonus
    $160,682
    Other
    $334
    Deferred
    $15,680
    Nontaxable benefits
    $34,485
    Filer's total
    $380,444

  • John A Gaines MD

    Physician

    Total calculated
    $377,127
    From this org
    $337,818
    From related orgs
    $0
    Other
    $39,309
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,736
    Bonus
    $99,689
    Other
    $6,393
    Deferred
    $15,834
    Nontaxable benefits
    $23,475
    Filer's total
    $377,127

  • Stephanie Maryeski

    Physician

    Total calculated
    $375,590
    From this org
    $335,427
    From related orgs
    $0
    Other
    $40,163
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,659
    Bonus
    $63,879
    Other
    $889
    Deferred
    $14,808
    Nontaxable benefits
    $25,355
    Filer's total
    $375,590

  • Kristen B Hubbard MD

    Director

    Total calculated
    $371,186
    From this org
    $341,818
    From related orgs
    $0
    Other
    $29,368
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $312,438
    Bonus
    $28,753
    Other
    $627
    Deferred
    $15,861
    Nontaxable benefits
    $13,507
    Filer's total
    $371,186

  • David Kerzer DO

    Physician

    Total calculated
    $362,616
    From this org
    $327,680
    From related orgs
    $0
    Other
    $34,936
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,309
    Bonus
    $81,350
    Other
    $16,021
    Deferred
    $11,691
    Nontaxable benefits
    $23,245
    Filer's total
    $362,616

  • Marjorie S Carges MD

    Vice Chair

    Total calculated
    $361,940
    From this org
    $323,681
    From related orgs
    $0
    Other
    $38,259
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,877
    Bonus
    $168,055
    Other
    $749
    Deferred
    $15,420
    Nontaxable benefits
    $22,839
    Filer's total
    $361,940

  • Ryan Rossi MD

    Physician

    Total calculated
    $359,420
    From this org
    $331,396
    From related orgs
    $0
    Other
    $28,024
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,052
    Bonus
    $151,004
    Other
    $340
    Deferred
    $15,423
    Nontaxable benefits
    $12,601
    Filer's total
    $359,420

  • Robert O Cicchelli MD

    Director

    Total calculated
    $339,934
    From this org
    $294,025
    From related orgs
    $0
    Other
    $45,909
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,422
    Bonus
    $62,403
    Other
    $2,200
    Deferred
    $13,983
    Nontaxable benefits
    $31,926
    Filer's total
    $339,934

  • Christina Mitchell MD

    Director

    Total calculated
    $276,393
    From this org
    $234,401
    From related orgs
    $0
    Other
    $41,992
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,164
    Bonus
    $86,916
    Other
    $1,321
    Deferred
    $11,300
    Nontaxable benefits
    $30,692
    Filer's total
    $276,393

  • Raymond P Zarlengo MD

    Director

    Total calculated
    $273,550
    From this org
    $256,502
    From related orgs
    $0
    Other
    $17,048
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,219
    Bonus
    $88,795
    Other
    $1,488
    Deferred
    $12,010
    Nontaxable benefits
    $5,038
    Filer's total
    $273,550

  • Anne Cushing-Brescia MD

    Director

    Total calculated
    $92,579
    From this org
    $88,739
    From related orgs
    $0
    Other
    $3,840
    Hours/week
    40

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 · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a: Relevant information in regards to selections on 1a.
Tax Indemnification and Grossed Up Payments:The Brown Health Executive Long Term Disability program provides financial protection to designated Brown Health physicians and executives in the event that they become disabled. Premiums are paid to the insurance carrier by the insureds on an after-tax basis to allow for income replacement at a reasonable cost. The income associated with the premiums is grossed up to cover the total cost of the benefit as provided in the Brown Health Executive Benefit Plan and is included in Medicare wages, more specifically on Schedule J, Part II, Column B (iii).
Part I, Line 7: Non-Fixed payments not listed above
Certain physicians and executives participate in incentive compensation plans arranged through individual contractual agreements which stipulate non-fixed payments based on meeting criteria comprised of various quality and productivity markers.

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.

  • Brown University Health Health Alliance

    Acount. Care Org. · RI

Related corporations and trusts

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

  • Brown University Health MSO

    C Corp · Mgmnt. Svcs. · RI

    Directly controlled by Brown U Health

  • Brown University Health Risk Services

    C Corp · Risk Mgmnt. · RI

    Directly controlled by Brown U Health

  • Brown University Health Home Medical

    C Corp · DME Sales · RI

    Directly controlled by The Miriam Hospital

Provenance

Return type
form_990
Tax year
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202512269349302226

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