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Nonprofiteer
← PHYSICIAN ENTERPRISE LLC

Form 990 for tax year 2023

Filed by PHYSICIAN ENTERPRISE LLC.

Totals

Total revenue
$251,771,070
Total expenses
$284,489,098
Contributions and grants received
$1,513,877
Grants paid
$0
Program service revenue
$243,262,600
Investment income
$0
Other revenue
$6,994,593
Total assets, end of year
$43,065,676
Total liabilities, end of year
$139,652,296
Net assets or fund balances, end of year
-$96,586,620
Program services expenses (Part IX)
$242,756,969
Management and general expenses
$41,732,129
Fundraising expenses
$0
Program service expenses (Part III)
$242,756,969

Program services were 85.3% 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.

  • 1d · Related organizations

    $1,389,346

  • 1e · Government grants (contributions)

    $95,406

  • 1f · All other contributions, gifts and grants

    $29,125

  • 2a · Program service revenue: PATIENT REVENUE

    total $196,426,506 · related or exempt $196,426,506

  • 2b · Program service revenue: HOSPITAL SERVICE REVENUE

    total $44,185,041 · related or exempt $44,185,041

  • 2c · Program service revenue: DIRECTORSHIP

    total $1,580,789 · related or exempt $1,580,789

  • 2d · Program service revenue: MANAGEMENT SERVICES

    total $1,070,264 · related or exempt $1,070,264

  • 11a · Other revenue: CMS ADVANCE PAYMENTS

    total $3,057,556 · related or exempt $3,057,556

  • 11b · Other revenue: CLINICIANS INCENTIVE INCOME

    total $2,796,597 · related or exempt $2,796,597

  • 11c · Other revenue: PROVIDER CONSULTING AGREEMENT

    total $1,132,240 · related or exempt $881,084 · unrelated business $251,156

  • 11d · All other revenue

    total $8,200 · related or exempt $8,200

  • 11e · Other revenue, total

    $6,994,593

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,692,449 · program services $2,423,204 · management and general $269,245

  • 7 · Other salaries and wages

    total $170,528,282 · program services $153,475,454 · management and general $17,052,828

  • 8 · Pension plan contributions

    total $2,912,744 · program services $2,621,470 · management and general $291,274

  • 9 · Other employee benefits

    total $8,152,991 · program services $7,337,692 · management and general $815,299

  • 10 · Payroll taxes

    total $6,356,242 · program services $5,720,618 · management and general $635,624

  • 11b · Fees: legal

    total $7,366 · program services $6,629 · management and general $737

  • 11g · Fees: other

    total $15,989,782 · program services $14,678,866 · management and general $1,310,916

  • 12 · Advertising and promotion

    total $14,063 · management and general $14,063

  • 13 · Office expenses

    total $41,424,323 · program services $37,281,891 · management and general $4,142,432

  • 14 · Information technology

    total $1,272,413 · program services $1,145,172 · management and general $127,241

  • 16 · Occupancy

    total $16,391,421 · program services $14,752,279 · management and general $1,639,142

  • 17 · Travel

    total $686,954 · program services $618,259 · management and general $68,695

  • 19 · Conferences, conventions and meetings

    total $26,997 · management and general $26,997

  • 20 · Interest

    total $923 · management and general $923

  • 22 · Depreciation, depletion and amortization

    total $1,753,156 · program services $1,577,840 · management and general $175,316

  • 23 · Insurance

    total $694,166 · program services $624,749 · management and general $69,417

  • 24a · Other expenses: BILLING EXPENSE

    total $14,757,052 · management and general $14,757,052

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $493,764 · program services $444,388 · management and general $49,376

  • 24c · Other expenses: RECRUITMENT

    total $280,167 · management and general $280,167

  • 24e · All other expenses

    total $53,843 · program services $48,458 · management and general $5,385

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,234,465 · end of year $770,460

  • 4 · Accounts receivable

    beginning of year $15,578,426 · end of year $15,814,739

  • 8 · Inventories for sale or use

    beginning of year $1,260,562 · end of year $1,488,781

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,541,444 · end of year $2,334,215

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

    $32,446,294

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

    $21,415,038

  • 10c · Land, buildings and equipment, net

    beginning of year $10,146,698 · end of year $11,031,256

  • 13 · Investments: program-related

    end of year $592,962

  • 14 · Intangible assets

    beginning of year $1,224,402 · end of year $1,224,402

  • 15 · Other assets

    beginning of year $11,745,207 · end of year $9,808,861

  • 17 · Accounts payable and accrued expenses

    beginning of year $87,119,730 · end of year $10,348,608

  • 19 · Deferred revenue

    beginning of year $3,587,530 · end of year $1,714,787

  • 25 · Other liabilities

    beginning of year $12,235,276 · end of year $127,588,901

  • 27 · Net assets without donor restrictions

    beginning of year -$56,211,332 · end of year -$96,586,620

Mission and programs · 2023

Mission

PHYSICIAN ENTERPRISE, LLC IS A NON-PROFIT PROVIDER OF PHYSICIAN, DIAGNOSTIC, THERAPUETIC, AND OTHER HEALTH CARE SERVICES THAT FURTHERS THE EXEMPT PURPOSES OF LUMINIS HEALTH, INC. (FKA ANNE ARUNDEL HEALTH SYSTEM, INC.)

Activities or mission (Part I)

TO ENHANCE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE.THE MISSION OF PHYSICIAN ENTERPRISE, LLC IS TO PROVIDE PHYSICIAN, DIAGNOSTIC, AND OTHER HEALTH CARE SERVICES.

  • ORTHOPEDICS - SERVICES INCLUDING ORTHOPEDIC SURGERY, PHYSICAL THERAPY, AND ORTHOTICS.

    Expenses $40,962,888 · Revenue $36,245,169

  • WOMEN AND CHILDREN- PROVIDE OBSTETRICS AND GYNAECOLOGY SERVICES TO THE COMMUNITY.

    Expenses $37,430,875 · Revenue $31,860,715

  • MEDICINE- PROVIDES A VARIETY OF SPECIALTY HEALTHCARE SERVICES SUCH AS CARDIOLOGY, DIABETES ENDOCRINE AND NEUROLOGY SERVICES TO THE COMMUNITY.

    Expenses $17,794,637 · Revenue $10,437,272

  • OTHER PROGRAM SERVICES PROVIDED IN ACCORDANCE WITH THE ORGANIZATION'S MISSION STATEMENT AND TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION.

    Expenses $146,568,569 · Revenue $171,462,881

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

Listed in Part VII

  • Jeffrey Gelfand MD

    BOARD MEMBER

    Total calculated
    $1,300,186
    From this org
    $1,285,336
    From related orgs
    $0
    Other
    $14,850
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,263,886
    Bonus
    $0
    Other
    $21,450
    Deferred
    $14,850
    Nontaxable benefits
    $0
    Filer's total
    $1,300,186

  • Mitchell Schwartz MD

    CHAIR/PRESIDENT

    Total calculated
    $953,990
    From this org
    $911,078
    From related orgs
    $0
    Other
    $42,912
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $689,988
    Bonus
    $126,068
    Other
    $95,022
    Deferred
    $14,850
    Nontaxable benefits
    $28,062
    Filer's total
    $953,990

  • Kevin Smith

    CHIEF FINANCIAL OFFICER (PART YEAR)

    Total calculated
    $620,515
    From this org
    $0
    From related orgs
    $552,106
    Other
    $68,409
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $385,064 related
    Bonus
    $0
    Other
    $0 + $167,042 related
    Deferred
    $0 + $32,499 related
    Nontaxable benefits
    $0 + $35,910 related
    Filer's total
    $0 + $620,515 related

  • Peter Odenwald

    BOARD MEMBER/LHCE COO (PART YEAR)

    Total calculated
    $556,911
    From this org
    $0
    From related orgs
    $503,836
    Other
    $53,075
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $383,198 related
    Bonus
    $0 + $81,616 related
    Other
    $0 + $39,022 related
    Deferred
    $0 + $29,609 related
    Nontaxable benefits
    $0 + $23,466 related
    Filer's total
    $0 + $556,911 related

  • Andrew P McGlone

    BOARD MEMBER

    Total calculated
    $438,273
    From this org
    $423,390
    From related orgs
    $0
    Other
    $14,883
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $338,732
    Bonus
    $69,480
    Other
    $15,178
    Deferred
    $14,850
    Nontaxable benefits
    $33
    Filer's total
    $438,273

  • Roxanne Leiba Lawrence

    BOARD MEMBER (PART YEAR)

    Total calculated
    $319,555
    From this org
    $0
    From related orgs
    $287,705
    Other
    $31,850
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,453 related
    Bonus
    $0 + $37,752 related
    Other
    $0 + $22,500 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $31,850 related
    Filer's total
    $0 + $319,555 related

  • Stephanie Schnittger

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Douglas Womer

    CHIEF FINANCIAL OFFICER (PART YEAR)

    Total calculated
    $229,880
    From this org
    $0
    From related orgs
    $223,930
    Other
    $5,950
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,930 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,880 related
    Nontaxable benefits
    $0 + $70 related
    Filer's total
    $0 + $229,880 related

  • Paul King MD

    PHYSICIAN

    Total calculated
    $1,631,377
    From this org
    $1,581,867
    From related orgs
    $0
    Other
    $49,510
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,559,367
    Bonus
    $0
    Other
    $22,500
    Deferred
    $9,900
    Nontaxable benefits
    $39,610
    Filer's total
    $1,631,377

  • Benjamin Petre MD

    PHYSICIAN

    Total calculated
    $1,513,452
    From this org
    $1,473,381
    From related orgs
    $0
    Other
    $40,071
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,473,381
    Bonus
    $0
    Other
    $0
    Deferred
    $9,900
    Nontaxable benefits
    $30,171
    Filer's total
    $1,513,452

  • Cyrus Lashgari

    PHYSICIAN

    Total calculated
    $1,381,425
    From this org
    $1,331,857
    From related orgs
    $0
    Other
    $49,568
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,309,357
    Bonus
    $0
    Other
    $22,500
    Deferred
    $14,850
    Nontaxable benefits
    $34,718
    Filer's total
    $1,381,425

  • Chad Patton MD

    PHYSICIAN

    Total calculated
    $1,341,341
    From this org
    $1,300,888
    From related orgs
    $0
    Other
    $40,453
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,280,388
    Bonus
    $0
    Other
    $20,500
    Deferred
    $9,900
    Nontaxable benefits
    $30,553
    Filer's total
    $1,341,341

  • Alessandro Speciale

    PHYSICIAN

    Total calculated
    $1,258,369
    From this org
    $1,202,565
    From related orgs
    $0
    Other
    $55,804
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,182,065
    Bonus
    $0
    Other
    $20,500
    Deferred
    $14,850
    Nontaxable benefits
    $40,954
    Filer's total
    $1,258,369

  • Victoria W Bayless

    LH CEO/FORMER OFFICER/DIRECTOR

    Total calculated
    $2,467,859
    From this org
    $0
    From related orgs
    $2,088,080
    Other
    $379,779
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,321,219 related
    Bonus
    $0 + $322,005 related
    Other
    $0 + $444,856 related
    Deferred
    $0 + $379,779 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $2,467,859 related

  • Sherry Perkins

    FORMER BOARD MEMBER/ LHAAM PRES

    Total calculated
    $921,273
    From this org
    $0
    From related orgs
    $906,196
    Other
    $15,077
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $674,359 related
    Bonus
    $0 + $121,425 related
    Other
    $0 + $110,412 related
    Deferred
    $0 + $14,850 related
    Nontaxable benefits
    $0 + $227 related
    Filer's total
    $0 + $921,273 related

  • Robert Reilly

    FORMER TREASURER

    Total calculated
    $120,401
    From this org
    $0
    From related orgs
    $119,510
    Other
    $891
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $119,510 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $891 related
    Filer's total
    $0 + $120,401 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, KEVIN SMITH RECEIVED A SEVERANCE PAYMENT OF $82,192 THE FOLLOWING PARTICIPATED IN THE ORGANIZATION'S 457(F) PLAN: VICTORIA BAYLESS $364,929 KEVIN SMITH $ 22,599 PETER ODENWALD $ 15,452 DURING THE YEAR, THE FOLLOWING RECEIVED PAYMENTS AS PART OF THEIR PARTICIPATION IN THE ORGANIZATION'S 457(F) PLAN: VICTORIA BAYLESS $280,257 PETER ODENWALD $14,205

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.

  • LUMINIS HEALTH MEDICAL GROUP LLC

    PHYSICIAN SERVICES · MD · income $200,731,756 · assets $35,814,141

    Directly controlled by PHYSICIAN ENTERPRISE LLC

  • ORTHOPEDIC PHYSICIANS OF ANNAPOLIS LLC

    PHYSICIAN SERVICES · MD · income $253,748 · assets $2,204,147

    Directly controlled by PHYSICIAN ENTERPRISE LLC

  • LUMINIS HEALTH COMMUNITY CLINICS LLC

    PROVIDE PRIMARY CARE TO THE WORKING POOR · MD · income $1,148,389 · assets $328,662

    Directly controlled by PHYSICIAN ENTERPRISE LLC

  • LHMG PHYSICAL THERAPY LLC

    ORTHOPEDIC SERVICES · MD · income $10,183,524 · assets $4,589,934

    Directly controlled by PHYSICIAN ENTERPRISE LLC

  • CARECONNECTNOW LLC

    TELEMEDICINE · MD · income $300,000 · assets $0

    Directly controlled by PHYSICIAN ENTERPRISE LLC

  • LUMINIS HEALTH BEHAVIORAL HEALTH SERVICES LLC

    BEHAVIORAL HEALTH SERVICES · MD · income $539,662 · assets $0

    Directly controlled by PHYSICIAN ENTERPRISE LLC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ANNAPOLIS EXCHANGE LOT IV LLC

    COMMERCIAL REAL ESTATE LEASING · MD

  • ANNAPOLIS EXCHANGE LOT V LLC

    MEDICAL REAL ESTATE LEASING · MD

  • MEDICAL OFFICE LLC

    MEDICAL REAL ESTATE LEASING · MD

  • KENT ISLAND MEDICAL ARTS LLC

    MEDICAL REAL ESTATE LEASING · MD

  • ANNE ARUNDEL - SCA SURGICENTER LLC

    AMBULATORY SURGICENTER · MD

  • ANNE ARUNDEL - SCA HOLDINGS LLC

    AMBULATORY SURGICENTER HOLDING COMPANY · MD

  • DOCTORS REGIONAL CANCER CENTER LLC

    CANCER TREATMENT SERVICES FOR RESIDENTS OF PRINCE GEORGE'S COUNTY · MD

  • MAGNOLIA GARDENS NURSING HOME

    NURSING HOME · MD

Related corporations and trusts

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

  • PAVILION PARK INC

    C · REAL ESTATE LEASING · MD

  • LUMINIS HEALTH CARE SERVICES INC

    C · MEDICAL SERVICES · MD

  • COTTAGE INSURANCE COMPANY LTD

    C · CAPTIVE INSURER - PROFESSIONAL LIABILITY INSURANCE · CJ

  • DOCTORS COMMUNITY HEALTH VENTURES INC

    C · WHOLLY OWNED FOR PROFIT ENTITY OF LUMINIS HEALTH DOCTORS COMMUNITY MED CTR · MD

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531349349308738

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