2024-05-15T17:14:10-05:00 2023-06-30 BDO USA 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2022-07-01 522122145 UNIVERSITY OF MARYLAND ORTHOPAEDIC ASSOCIATES PA % JACQUELINE FARRELL CFO UNIV 4103286040 110 S PACA STREET 6TH FL Suite 300 BALTIMORE MD 21201 R Frank Henn III MD PRESIDENT & Chair 6672141128 2024-05-13 true R Frank Henn III MD 999009999 Marc Berger P01871563 7038930600 2024-05-10 2 2022 2023-04-26 12:10:37Z R Frank Henn III MD 110 S PACA STREET 6TH FL300 BALTIMORE MD 21201 32021373 false X WWW.UMFPI.ORG X 1998 MD SEE SCHEDULE O 1 0 167 0 0 0 35338 0 28141634 31852454 1514 168919 0 0 28178486 32021373 29740 74600 0 0 18530997 18203258 0 0 0 17409170 17992777 35969907 36270635 -7791421 -4249262 17746963 23007975 78384527 26069205 -60637564 -3061230 X 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. false false 32005948 74600 31852454 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. 32005948 true false false false false false false false false false true false false true true true false true false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 21 0 true 167 true false false false false false false false false false false false false X 1 0 false false false false true false false true true false false false true true true true true true true false MD X JACQUELINE FARRELL CFO 6672141110 250 W PRATT STREET SUITE 901 BALTIMORE MD 21201 X STEVEN C LUDWIG MD PHYSICIAN 31.0 0.0 X 1284400 0 24313 DANIEL CAVANAUGH MD PHYSICIAN 33.0 0.0 X 665182 0 27082 BRENT BAUER MD PHYSICIAN 26.0 0.0 X 509239 0 27362 EUGENE Y KOH MD PHYSICIAN 26.0 0.0 X 482771 0 26925 JASON W NASCONE MD PHYSICIAN 28.0 0.0 X 415604 0 27164 MARCUS F SCIADINI MD TREASURER 30.0 1.0 X 392339 0 27087 LAWRENCE K THOMPSON IV MD SECRETARY 10.0 1.0 X 50456 281000 6010 FRANK R HENN MD PRESIDENT & CHAIR (FROM 12/22) 10.0 1.0 X X 290574 0 26559 DANIEL E GELB MD VICE PRESIDENT 30.0 1.0 X 225237 0 23316 ANDREW N POLLAK MD PRESIDENT & CHAIR(UNTIL 12/22) 10.0 1.0 X X 221402 0 20827 4537204 281000 236645 31 false true false MacKenzie Contracting Company LLC 2324 West Joppa Road Suite 600 LUTHERVILLE MD 21093 Renovations 965917 Quadrant Inc 1881 Campus Common Drive Suite 300 RESTON VA 20191 Temporary Services 186099 2 0 PATIENT SERVICE REVENUE 621110 20376744 20376744 CONTRACT AND OTHER REVENUE 621110 11475710 11475710 31852454 168919 168919 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 32021373 31852454 168919 74600 74600 0 0 0 1234769 1234769 0 14067416 12269854 1797562 850629 718966 131663 1404894 1116695 288199 645550 505446 140104 0 484 339 145 147124 147124 0 0 0 2688515 2500806 187709 844 591 253 323791 226654 97137 486950 484587 2363 0 1150004 791671 358333 6500 4550 1950 0 5603 5603 0 3012171 3012171 735837 515086 220751 1057284 983758 73526 GENERAL AND ADMINISTRATIVE 4300000 4300000 UNIVERSITY TRANSFERS 1400000 1400000 DEPARTMENTAL DEVELOPMENT 874425 874425 MEDICAL SUPPLIES 832782 832782 970463 152595 817868 36270635 32005948 4264687 0 9768061 1783436 110790 7288115 0 0 2144636 2390104 0 0 0 0 0 0 0 0 194476 138358 6991716 3503439 3949107 3488277 0 0 0 0 0 0 0 0 1579893 7919685 17746963 23007975 4361963 3746734 0 0 0 0 0 0 0 0 0 0 0 0 0 0 74022564 22322471 78384527 26069205 X -60637564 -3061230 0 0 -60637564 -3061230 17746963 23007975 X -4249262 61825596 X X false true X true false X 0 380865 0 35338 0 416203 19586592 21203720 27081217 28141634 31852454 127865617 0 0 0 19586592 21584585 27081217 28176972 31852454 128281820 0 0 159146 0 0 0 159146 0 159146 0 0 0 159146 128122674 12431 12344 4382 1514 168919 199590 0 12431 12344 4382 1514 168919 199590 0 0 19599023 21596929 27085599 28178486 32021373 128481410 0.99721 0.99833 0.00155 0.00029 X 5346474 2387252 2959222 1223620 861617 362003 421622 254570 167052 3488277 OPERATING LEASE ROU ASSETS 6285485 OTHER SHORT TERM RECEIVABLES 924709 DUE FROM RELATED PARTIES 542866 INVESTMENTS 166625 7919685 0 OPERATING LEASE LIABILITY 7969991 DUE TO RELATED PARTIES 6652845 DEPARTMENTAL DEVELOPMENT FUND 5830831 INCENTIVE PRACTICE INCOME PAYABLE 1212166 MEDICAL SCHOOL ENRICHMENT FUND 457457 MEDICAL SERVICES PLAN TRUST FUND 135712 OTHER LIABILITIES 63469 22322471 X SCHEDULE D, PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THERE WERE NO INCOME TAXES PAID ON UNRELATED BUSINESS ACTIVITIES FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. RELEVANT ACCOUNTING STANDARDS REQUIRE THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN BY THE ASSOCIATION IN THE PREPARATION OF ITS TAX RETURNS. THE ASSOCIATION DETERMINES WHETHER IT IS MORE-LIKELY-THAN-NOT THAT A CERTAIN TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. IF AN UNCERTAIN TAX POSITION IS LESS-LIKELY-THAN-NOT TO BE SUSTAINED, AN ESTIMATE OF THE POTENTIAL EFFECT IS RECOGNIZED IN THE FINANCIAL STATEMENTS, AND THE UNCERTAIN TAX POSITION IS REQUIRED TO BE DISCLOSED. PER MANAGEMENT'S EVALUATION, IT HAS BEEN DETERMINED THAT NO MATERIAL ADJUSTMENTS WERE REQUIRED IN THE FINANCIAL STATEMENTS FOR TAX POSITIONS LESS-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. THE ASSOCIATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2019. false Orthopaedic Research & Education Foundation 9400 W Higgins Road Rosemont IL 60018 366009467 501(C)(3) 31000 CHARITABLE UMMS Foundation 22 South Green Street BALTIMORE MD 21201 522238893 501(C)(3) 20000 CHARITABLE 2 X true false X X X false false false false false true false true false FRANK R HENN MD PRESIDENT & CHAIR (FROM 12/22) 289878 0 696 0 0 0 21685 0 4874 0 317133 0 0 0 ANDREW N POLLAK MD PRESIDENT & CHAIR(UNTIL 12/22) 118572 0 102830 0 0 0 16345 0 4482 0 242229 0 0 0 DANIEL E GELB MD VICE PRESIDENT 224303 0 934 0 0 0 18683 0 4633 0 248553 0 0 0 MARCUS F SCIADINI MD TREASURER 366464 0 25875 0 0 0 22213 0 4874 0 419426 0 0 0 LAWRENCE K THOMPSON IV MD SECRETARY 2772 281000 47684 0 0 0 3339 0 2671 0 56466 281000 0 0 BRENT BAUER MD PHYSICIAN 463148 0 46091 0 0 0 22488 0 4874 0 536601 0 0 0 DANIEL CAVANAUGH MD PHYSICIAN 397062 0 268120 0 0 0 22208 0 4874 0 692264 0 0 0 EUGENE Y KOH MD PHYSICIAN 315186 0 167585 0 0 0 22051 0 4874 0 509696 0 0 0 STEVEN C LUDWIG MD PHYSICIAN 707887 0 576513 0 0 0 19439 0 4874 0 1308713 0 0 0 JASON W NASCONE MD PHYSICIAN 388433 0 27171 0 0 0 22290 0 4874 0 442768 0 0 0 SCHEDULE J, PART I, LINE 1a: 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 6: 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: 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. FORM 990, PART I, LINE 1: 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. FORM 990, PART VI, SECTION A, LINE 6: THE ENTITY IS A MARYLAND CORPORATION WHOSE STOCKHOLDERS ARE PHYSICIANS AND MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B: THE ORGANIZATION DOES NOT PROVIDE A COMPLETED COPY OF THIS FORM 990 TO ALL MEMBERS OF THE GOVERNING BODY BEFORE FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C: AS PART OF THEIR EMPLOYMENT BY UNIVERSITY OF MARYLAND FACULTY PHYSICIANS, INC (FPI) AND THE FACULTY PRACTICES OF THE UNIVERSITY OF MARYLAND (PAS), EMPLOYEES AND FACULTY ARE REQUIRED TO FOLLOW THE MEDICAL SERVICE PLAN. MSP POLICY #37 LISTS THE REQUIREMENTS OF COMPLIANCE AND GOOD BUSINESS PRACTICES. AS PART OF THE MSP POLICY #37, FPI ALSO MAINTAINS A CORPORATE COMPLIANCE PLAN, WHICH DETAILS EXPECTATIONS AROUND CONFLICT OF INTEREST SITUATIONS AND BILLING RESPONSIBILITIES. FPI RELIES ON THE GOOD FAITH OF ITS EMPLOYEES IN THE EXERCISE OF THEIR RESPONSIBILITIES. ALL BUSINESS JUDGMENTS ON BEHALF OF FPI SHOULD BE MADE BY ITS EMPLOYEES ON THE BASIS OF SUCH TRUST AND IN FPI'S BEST INTERESTS. FPI FULLY RESPECTS THE RIGHTS OF EMPLOYEES TO PRIVACY IN THEIR PERSONAL AFFAIRS AND FINANCIAL ACTIVITIES. THE PURPOSE OF THIS POLICY IS TO PROVIDE GUIDANCE TO EMPLOYEES IN AVOIDING SITUATIONS IN THEIR PERSONAL ACTIVITIES WHICH ARE, OR APPEAR TO BE, IN CONFLICT WITH THEIR RESPONSIBILITIES TO FPI. ALTHOUGH IT IS IMPRACTICAL TO ATTEMPT TO DEFINE EVERY SITUATION WHICH MIGHT BE CONSIDERED A CONFLICT OF INTEREST, GENERALLY SPEAKING, A CONFLICT EXISTS WHEN AN EMPLOYEE'S PERSONAL INTERESTS OR ACTIVITIES MAY INFLUENCE HIS OR HER JUDGMENT IN THE PERFORMANCE OF HIS OR HER DUTY TO FPI. THERE MAY BE CASES WHERE SUCH CONFLICTS ARE MORE THEORETICAL THAN REAL, BUT EMPLOYEES SHOULD BE CONCERNED ABOUT POSSIBLE CONFLICTS AND REVIEW AND DISCLOSE THIS SITUATION IN LIGHT OF THE FOLLOWING GUIDELINES. A MAJOR FOCUS OF THE CORPORATE COMPLIANCE PLAN IS CURRENTLY ON CODING, BILLING, AND DOCUMENTATION COMPLIANCE AND ENSURING THAT REGULATIONS ARE BEING FOLLOWED. HOWEVER, COMPLIANCE GOES BEYOND AVOIDING PENALTIES. OUR TOTAL CORPORATE COMPLIANCE PLAN INCLUDES A FULL RANGE OF ISSUES, INCLUDING: -EMPLOYMENT CONTRACTS -CONFLICTS OF INTEREST -PATIENT CONFIDENTIALITY -RECORDS RETENTION -CONTRACTS AND BUSINESS RELATIONSHIPS (INCLUDING PROFESSIONAL SERVICE AGREEMENTS) -WAIVERS OF CO-PAYMENTS, COINSURANCE AND DEDUCTIBLES, AND MORE. WHILE THE COMPLIANCE OFFICE WILL MAKE EVERY EFFORT TO PROVIDE APPROPRIATE COMPLIANCE INFORMATION TO ALL EMPLOYEES, AND TO RESPOND TO ALL INQUIRIES, NO EDUCATIONAL AND TRAINING PROGRAM, HOWEVER COMPREHENSIVE, CAN ANTICIPATE EVERY SITUATION THAT MAY PRESENT COMPLIANCE ISSUES. RESPONSIBILITY FOR COMPLIANCE WITH THE CORPORATE COMPLIANCE PLAN, INCLUDING THE DUTY TO SEEK GUIDANCE WHEN IN DOUBT, RESTS WITH EACH EMPLOYEE. THE ABOVE INFORMATION IS DISCUSSED WITH EACH NEW EMPLOYEE AND FACULTY MEMBER UPON HIRE. ANNUAL CORPORATE COMPLIANCE TRAINING TOUCHES ON THE ABOVE AS WELL. FORM 990, PART VI, SECTION B, LINE 15: COMPENSATION FOR EACH PA PRESIDENT AND OFFICER IS REVIEWED. ANNUALLY BY THE DEAN OF THE SCHOOL OF MEDICINE. THE COMPENSATION DISCUSSION INCLUDES A REVIEW OF BOTH BASE AND VARIABLE COMPENSATION COMPONENTS COMPARED TO RELEVANT BENCHMARKS. THESE TWO COMPONENTS REFLECT THE TOTAL APPROVED SALARY (TAS). AAMC REPORT ON MEDICAL SCHOOL FACULTY SALARIES ISSUED BY THE AMERICAN ASSOCIATION OF MEDICAL COLLEGES PROVIDES COMPENSATION GUIDELINES IN THE 25TH PERCENTILE, 50TH PERCENTILE AND 75TH PERCENTILE AS BENCHMARKS. ONCE THE TAS IS APPROVED BY THE DEAN, IT IS THEN SENT TO THE UMB CAMPUS PRESIDENT FOR FINAL APPROVAL. THE VARIABLE OR BONUS COMPONENT OF COMPENSATION FOR CLINICAL ACTIVITIES IS MANAGED THROUGH A SCHOOL-WIDE PERFORMANCE BASED INCENTIVE COMPENSATION (PBIC) PLAN. BONUS PAYMENTS ARE ALSO APPROVED BY THE PRESIDENT OF UMB BEFORE DISTRIBUTION. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: Transfer from affiliate organization: $61,825,596 Form 990, Part XII, Line 2c: THE PROCESS FOR SELECTING THE AUDITORS HAS NOT CHANGED FROM THE PRECEDING YEAR. UNIV OF MARYLAND FACULTY PHYSICIANS INC 250 W PRATT STREET SUITE 901 BALTIMORE MD 21201 521299563 SEE PART VII MD 501(C)(3) LINE 12B,II N/A false UNIV OF MARYLAND ORTHO TRAUMA ASSOC PA 110 S PACA STREET SUITE 300 BALTIMORE MD 21201 522381867 SEE PART VII MD 501(C)(3) LINE 10 N/A true Maryland Medicine PA 250 W PRATT STREET SUITE 901 BALTIMORE MD 21201 521908496 see part VII MD 501(C)(3) LINE 12A, I NA false false false false true false false false false false false true false true true true true true true true Univ of MD Orthopaedic Trauma Associates PA R 567823 FMV Univ of MD Orthopaedic Trauma Associates PA S 9096658 FMV SCHEDULE R, PART II, LINE 1: (A) NAME OF RELATED ORGANIZATION: UNIVERSITY OF MARYLAND FACULTY PHYSICIANS, INC. (B) PRIMARY ACTIVITY: COORDINATION AND IMPLEMENTATION OF A MEDICAL SERVICE PLAN. SCHEDULE R, PART II, LINE 2: (A) NAME OF RELATED ORGANIZATION: UNIVERSITY OF MARYLAND ORTHOPAEDIC TRAUMA ASSOCIATES, P.A. (B) PRIMARY ACTIVITY: MEDICAL SERVICES PROVIDER SCHEDULE R, PART II, LINE 3: (A) NAME OF RELATED ORGANIZATION: MARYLAND MEDICINE, P.A. (B) PRIMARY ACTIVITY: EMPLOYMENT SERVICES TO THE PROFESSIONAL ASSOCIATIONS (PA) SCHOOL OF MEDICINE