2025-05-15T11:24:59-05:00 2024-06-30 541149263 YOUNT HYDE & BARBOUR PC PO BOX 2560 WINCHESTER VA 226041760 990 2023-07-01 522220700 MEDICAL FACULTY ASSOCIATES INC MEDI 2027413502 2150 PENNSYLVANIA AVENUE NW WASHINGTON DC 20037 JOANNE GREEN CFO 2027413502 2025-05-15 1 1 CHRIS FRYE CPA P01068721 5406623417 2025-05-15 2023 2025-03-06 01:10:19Z BARBARA BASS MD 2150 PENNSYLVANIA AVENUE NW WASHINGTON DC 20037 390786572 0 X WWW.GWDOCS.COM X 2000 DC PROVIDE PATIENT CARE, CLINICAL RESEARCH, AND TEACHING TO MEDICAL STUDENTS AND RESIDENTS OF GWU. 13 8 2035 8 0 0 12734010 3678212 365863046 384914261 905363 -323672 1292774 1227658 380795193 389496459 0 0 0 0 250509425 270254525 0 0 0 211289497 228790213 461798922 499044738 -81003729 -109548279 229405339 264876964 466136965 608964767 -236731626 -344087803 X MEDICAL FACULTY ASSOCIATES HAS THREE MAIN MISSIONS; EDUCATION, TO TEACH THE MEDICAL STUDENTS AND TRAIN RESIDENTS OF THE GEORGE WASHINGTON UNIVERSITY; RESEARCH, TO CONDUCT MEDICAL RESEARCH ON BEHALF OF THE GEORGE WASHINGTON UNIVERSITY (GWU); AND FINALLY TO PROVIDE MEDICAL CARE TO THE RESIDENTS OF THE GREATER WASHINGTON DC METRO AREA. 0 0 391525818 357241884 HEALTH CARE PROGRAMS, GENERAL/OTHER: MEDICAL FACULTY ASSOCIATES, INC. (THE "COMPANY") WAS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE GEORGE WASHINGTON UNIVERSITY (THE "UNIVERSITY"), A CONGRESSIONALLY CHARTERED EDUCATIONAL INSTITUTION OF HIGHER EDUCATION IN THE DISTRICT OF COLUMBIA, INCLUDING ITS SCHOOL OF MEDICINE AND HEALTH SCIENCES, AND IN FURTHERANCE HEREOF THE COMPANY SHALL: PROVIDE PROFESSIONAL PHYSICIAN SERVICES AND RELATED HEALTH CARE SERVICES, INCLUDING DIAGNOSTIC AND THERAPEUTIC PROCEDURES AND SERVICES, TO PATIENTS IN THE GREATER WASHINGTON, DC COMMUNITY AND OTHER AREAS, INCLUDING THOSE UNABLE TO PAY FOR SUCH CARE; EMPLOY PHYSICIANS DULY LICENSED TO PRACTICE MEDICINE WHO HOLD A FACULTY APPOINTMENT AT THE UNIVERSITY, AND OTHER QUALIFIED PERSONNEL AND MAKE THE SERVICE OF SUCH PERSONNEL AVAILABLE TO INDIGENT AND OTHER PERSONS REQUIRING SUCH CARE; AND PERFORM THE OTHER NECESSARY OR APPROPRIATE FUNCTIONS AND SERVICES IN CONNECTION WITH THE ABOVE PURPOSES. IN SATISFACTION OF OUR EXEMPT PURPOSE, MFA PROVIDED 512,291 EPISODES OF CARE, INCURRED CONTRACTUAL ADJUSTMENTS FOR MEDICAID AND MEDICAID REPLACEMENT TOTALING APPROXIMATELY $63 MILLION, AND CONDUCTED NUMEROUS COMMUNITY OUTREACH PROGRAMS TO INCLUDE HIV CLINICS, PROSTATE CANCER SCREENINGS, BREAST CARE CENTER, AND A MAMMOVAN. 7117571 5102148 MEDICAL RESEARCH, GENERAL/OTHER: PROVIDE CERTAIN CLINICAL RESEARCH AND ADMINISTRATIVE SERVICES TO THE UNIVERSITY; FURTHER THE ADVANCEMENT OF MEDICAL KNOWLEDGE THROUGH BASIC AND APPLIED RESEARCH IN MEDICINE, LECTURES, CONSULTING, PUBLISHING INFORMATION AND TEACHING, PARTICULARLY REGARDING MEDICAL AND HEALTH CARE ISSUES PREVALENT IN URBAN COMMUNITIES. MFA'S FACULTY DOES THE MAJORITY OF THE MEDICAL RESEARCH AT THE GEORGE WASHINGTON UNIVERSITY MEDICAL SCHOOL. DURING THE FISCAL YEAR ENDING JUNE 30, 2024, MFA PERFORMED 255 STUDIES. 15271261 22570229 PROFESSIONAL EDUCATION: PROVIDE CERTAIN CLINICAL, TEACHING AND ADMINISTRATIVE SERVICES TO THE UNIVERSITY; UNDERTAKE TEACHING THE DIAGNOSIS AND TREATMENT OF MEDICAL CONDITIONS TO MEDICAL STUDENTS, INTERNS, RESIDENTS, FELLOWS AND OTHER PROFESSIONALS IN CONNECTION WITH THE UNIVERSITY. MFA'S FACULTY DOES THE MAJORITY OF THE TEACHING AND RESEARCH AT THE GEORGE WASHINGTON UNIVERSITY MEDICAL SCHOOL. DURING THE FISCAL YEAR ENDING JUNE 30, 2024, MFA PROVIDED PROFESSIONAL EDUCATION TO 396 MEDICAL RESIDENTS AND 750 STUDENTS. 413914650 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 240 0 1 2035 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 8 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X JOANNE GREEN 2027413502 2150 PENNSYLVANIA AVENUE NW WASHINGTON DC 20037 BARBARA BASS MD CEO - EX OFFICIO 15.00 35.00 X X 0 1635739 141875 ELLEN ZANE CHAIR OF THE BOARD 0.50 X 0 0 0 JULIE BAUMAN MD CHAIR TRUSTEE 1.00 40.00 X 0 872037 104272 ANTON SIDAWY MD CHAIR TRUSTEE AND SECRETARY 40.00 X X 951227 0 17622 BRUNO FERNANDES PRESIDENT-APPT TRUSTEE & TREASURER 1.00 50.00 X X 0 602313 58557 RICHARD POPIEL MD TRUSTEE 0.50 X 0 0 0 PAMELA LAWRENCE TRUSTEE 0.50 X 0 0 0 DEBORAH JOELSON TRUSTEE 0.50 X 0 0 0 JON KESSLER TRUSTEE 0.50 X 0 0 0 D WAYNE BRACKIN TRUSTEE 0.50 X 0 0 0 LAQUANDRA NESBITT MD DEAN-DESIGNATED TRUSTEE 1.00 40.00 X 0 456918 39973 MARK CHICHESTER TRUSTEE 0.50 X 0 0 0 KIM RUSSO EX OFFICIO TRUSTEE 0.50 X 0 0 0 STEVE WEYLANDT TRUSTEE 0.50 X 0 0 0 ROBERT SHESSER CHAIRMAN, DEPT OF EMERGENCY MEDICINE 40.00 X 586644 0 16828 CHRIS SMEDLEY COO 40.00 X 468853 0 15260 WILLIAM BORDEN INT. CHAIR, DEPT OF MED 40.00 X 598484 0 16886 RICO WADE CHIEF HUMAN RESOURCE OFFICER 40.00 X 149109 0 5085 MICHAEL K ROSNER PHYSICIAN 40.00 X 1305822 0 18013 PAUL LIN PHYSICIAN 40.00 X 999724 0 21686 MICHAEL J OLDING PHYSICIAN 40.00 X 981722 0 19353 STEVEN BOYCE PHYSICIAN 40.00 X 927783 0 20202 SHARAD GOYAL PHYSICIAN 40.00 X 822342 0 17074 ALAN G WASSERMAN FORMER CHAIR, DEPT OF MED 1.00 40.00 X 0 192286 38538 JEFFREY BERGER FORMER CHAIRMAN, DEPT OF ANESTH. 40.00 X 658155 0 17074 MARK DIAZ FORMER EXECUTIVE VP AND CFO 1.00 50.00 X 0 1366440 0 JEFFREY S AKMAN FORMER VP-HEALTH AFF. & DEAN OF SMHS 1.00 50.00 X 0 455715 40593 NANCY GABA MD FORMER CHAIR TRUSTEE AND SECRETARY 40.00 X 673270 0 16965 ROBIN NICHOLS FORMER CFO 40.00 X 106252 0 711 MICHAEL KNIGHT FORMER CHAIR TRUSTEE 40.00 X 163916 0 7716 ROBERT ZEMAN FORMER CHAIR TRUSTEE 40.00 X 634124 0 16951 10027427 5581448 651234 708 1 1 0 SAVISTA LLC 200 NORTH POINT CENTER E SUITE 600 ALPHARETTA GA 30022 REVENUE-CYCLE MANAGEMENT SERVICES 28191957 EPIC SYSTEMS CORPORATION PO BOX 88314 MILWAUKEE WI 532880314 IT SERVICES 5381762 CLEARPATH OPERATIONS LLC 500 FIFTH AVENUE SUITE 1500 NEW YORK NY 10110 IT SERVICES 2550397 BRAVO FACILITY SERVICES 1140 ROUTE 22 SUITE 202 BRIDGEWATER NJ 08807 JANITORIAL SERVICES 2307399 BDC ADVISORS LLC 151 N NOB HILL ROAD SUITE 465 PLANTATION FL 33324 CONSULTING SERVICES 1944000 99 3678212 933333 3678212 PATIENT CARE 621110 357241884 357241884 MEDICAL EDUCATION 611310 22570229 22570229 MEDICAL RESEARCH 541700 5102148 5102148 384914261 833800 833800 1360299 132641 1227658 1227658 1227658 1157472 -1157472 -1157472 -1157472 389496459 384914261 0 903986 X 3172367 2176554 995813 677110 677110 236627954 216899093 19728861 15803655 14441674 1361981 13973439 12769189 1204250 350646 350646 190129 42267 147862 56608086 20486280 36121806 283977 64661 219316 2833747 1275914 1557833 9221878 8375134 846744 25252501 9484978 15767523 260238 247492 12746 774043 673490 100553 16282795 15712544 570251 4266554 4266554 5292885 3937376 1355509 22434580 18302726 4131854 PATIENT CARE SUPPLIES 67667837 67436532 231305 BAD DEBT 12798312 12798312 MEMBERSHIP AND PROFESSI 2099744 1403323 696421 SPECIAL EVENTS 935932 867458 68474 1236329 1225343 10986 499044738 413914650 85130088 0 1509023 9942564 2614 40601310 48040711 1092621 1301525 9495211 6832958 171762723 102242943 72086508 69519780 33736790 34418367 12958007 13118619 57925869 81699826 229405339 264876964 25377626 28369930 962550 1162901 52555582 50132828 387241207 529299108 466136965 608964767 X -236731626 -344087803 -236731626 -344087803 229405339 264876964 -109548279 2192102 0 X X 0 1 X 1 0 X 9512845 1996207 794199 2834010 3678212 18815473 418300290 436636128 384111586 375763046 384914261 1999725311 427813135 438632335 384905785 378597056 388592473 2018540784 0 0 0 2018540784 6009900 5482317 6716342 7437721 7635256 33281536 6009900 5482317 6716342 7437721 7635256 33281536 433823035 444114652 391622127 386034777 396227729 2051822320 0.98380 0.98520 0.01620 0.01480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15640900 15640900 90939238 58075223 32864015 63335063 44167720 19167343 1847522 1847522 69519780 OPERATING LEASES - NET OF ACCUMULATED AMORTIZATION 67059922 DUE FROM RELATED PARTIES 1415088 REINSURANCE RECOVERABLE 13224816 81699826 RESERVE FOR INSURANCE 13491055 LINE OF CREDIT 68277242 457(B) PLAN LIABILITIES 9552834 CAPITAL LEASE OBLIGATION 73421057 SUBORDINATED LOAN 272106786 PATIENT SERVICE LIABILITY 2067028 DUE TO RELATED PARTIES 32101483 GARNISHMENTS -944 TENANT DEPOSITS 23225 INSURANCE RESERVES 58259342 529299108 X PART X, LINE 2: UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE APPLICABLE INCOME TAX REGULATIONS OF THE DISTRICT OF COLUMBIA, THE COMPANY IS EXEMPT FROM TAXES ON INCOME, OTHER THAN TAXES ON UNRELATED BUSINESS INCOME. THE COMPANY HAS NO UNCERTAIN TAX POSITION AT JUNE 30, 2024 AND 2023. X X X X X 0 0 0 0 0 0 0 1 0 BARBARA BASS MD CEO - EX OFFICIO 0 1257641 0 344174 0 33924 0 129157 0 12718 0 1777614 0 0 MARK DIAZ FORMER EXECUTIVE VP AND CFO 0 390000 0 0 0 976440 0 0 0 0 0 1366440 0 0 MICHAEL K ROSNER PHYSICIAN 1200000 0 100440 0 5382 0 13200 0 4813 0 1323835 0 0 0 PAUL LIN PHYSICIAN 470000 0 522675 0 7049 0 13200 0 8486 0 1021410 0 0 0 MICHAEL J OLDING PHYSICIAN 525000 0 456722 0 0 0 13200 0 6153 0 1001075 0 0 0 JULIE BAUMAN MD CHAIR TRUSTEE 0 844225 0 0 0 27812 0 63265 0 41007 0 976309 0 0 ANTON SIDAWY MD CHAIR TRUSTEE AND SECRETARY 926081 0 0 0 25146 0 13200 0 4422 0 968849 0 0 0 STEVEN BOYCE PHYSICIAN 907971 0 0 0 19812 0 13200 0 7002 0 947985 0 0 0 SHARAD GOYAL PHYSICIAN 650000 0 170842 0 1500 0 13200 0 3874 0 839416 0 0 0 NANCY GABA MD FORMER CHAIR TRUSTEE AND SECRETARY 598673 0 0 0 74597 0 13200 0 3765 0 690235 0 0 0 JEFFREY BERGER FORMER CHAIRMAN, DEPT OF ANESTH. 643530 0 12375 0 2250 0 13200 0 3874 0 675229 0 0 0 BRUNO FERNANDES PRESIDENT-APPT TRUSTEE & TREASURER 0 579731 0 15000 0 7582 0 33000 0 25557 0 660870 0 0 ROBERT ZEMAN FORMER CHAIR TRUSTEE 585949 0 19500 0 28675 0 13200 0 3751 0 651075 0 0 0 WILLIAM BORDEN INT. CHAIR, DEPT OF MED 586451 0 9934 0 2099 0 13200 0 3686 0 615370 0 0 0 ROBERT SHESSER CHAIRMAN, DEPT OF EMERGENCY MEDICINE 540490 0 19654 0 26500 0 13200 0 3628 0 603472 0 0 0 LAQUANDRA NESBITT MD DEAN-DESIGNATED TRUSTEE 0 444153 0 0 0 12765 0 33000 0 6973 0 496891 0 0 JEFFREY S AKMAN FORMER VP-HEALTH AFF. & DEAN OF SMHS 0 415476 0 0 0 40239 0 33000 0 7593 0 496308 0 0 CHRIS SMEDLEY COO 417540 0 50000 0 1313 0 13000 0 2260 0 484113 0 0 0 ALAN G WASSERMAN FORMER CHAIR, DEPT OF MED 0 173211 0 0 0 19075 0 20000 0 18538 0 230824 0 0 MICHAEL KNIGHT FORMER CHAIR TRUSTEE 159500 0 3822 0 594 0 6338 0 1378 0 171632 0 0 0 RICO WADE CHIEF HUMAN RESOURCE OFFICER 148546 0 0 0 563 0 3808 0 1277 0 154194 0 0 0 ROBIN NICHOLS FORMER CFO 74925 0 30000 0 1327 0 0 0 711 0 106963 0 0 0 PART I, LINE 7 MFA OFFERED AN ANNUAL INCENTIVE COMPENSATION PLAN FOR CERTAIN SENIOR OFFICIALS. THE ANNUAL AWARD OPPORTUNITY IS CAPPED AT A PERCENTAGE OF THEIR SALARY. THE PLAN INCLUDES PROGRAMMATIC THRESHOLDS FOR THE YEAR. THE PLAN IS APPROVED BY THE BOARD OF TRUSTEES' EXECUTIVE AND COMPENSATION COMMITTEE (THE "COMMITTEE"). PRIOR TO THE PAYOUT, THE COMMITTEE REVIEWS THE PERFORMANCE OF SENIOR OFFICIALS BASED ON STATED THRESHOLDS AND OBJECTIVES AND AWARDS THE INCENTIVE PAYMENTS AFTER REVIEW AND CONSIDERATIONS OF COMPARABLE MARKET DATA. X LOAN FORGIVENESS 1 933333 VALUE OF LOAN 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THERE MAY BE AN EXECUTIVE COMMITTEE CONSISTING ENTIRELY OF TRUSTEES THAT SHALL EXERCISE ALL THE POWERS OF THE BOARD OF TRUSTEES PERMITTED UNDER APPLICABLE LAW DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE MAY NOT (I) AMEND OR REPEAL THE ARTICLES OF INCORPORATION OR THESE BYLAWS, (II) AUTHORIZE DISTRIBUTIONS (AS DESCRIBED IN THE DISTRICT OF COLUMBIA NONPROFIT CORPORATION ACT), OR (III) FILL VACANCIES IN TRUSTEE OR EXECUTIVE COMMITTEE POSITIONS. THE EXECUTIVE COMMITTEE SHALL REPORT ON ITS ACTIONS TO THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES SHALL HAVE THE POWER TO RESCIND ANY VOTE OR RESOLUTION OF THE EXECUTIVE COMMITTEE, BUT NO SUCH RECESSION SHALL HAVE RETROACTIVE EFFECT. FORM 990, PART VI, SECTION A, LINE 4 THE FOLLOWING SIGNIFICANT CHANGES WERE MADE TO THE ORGANIZATION'S BYLAWS: - REMOVED THE CHIEF PHYSICIAN EXECUTIVE POSITION BOTH AS A TRUSTEE AND AS AN OFFICER. - EXPAND THE GROUP OF INDIVIDUALS ELIGIBLE TO SERVE AS A "CHAIR TRUSTEE" TO INCLUDE DIRECTORS OF THE CENTERS OF EXCELLENCE AND PERMIT THEM TO BE APPOINTED TO SHORTER TERMS AS APPROPRIATE TO MAINTAIN STAGGERED TERMS. -UPDATE THE AUDIT COMMITTEE RESPONSIBILITIES TO INCLUDE THE FOLLOWING REQUIRED REPORTS AND REVIEWS: AUDITED FINANCIALS, CONFLICT OF INTEREST, INSTITUTIONAL POLICIES, LEGAL ISSUES. -UPDATED BOARD PROCEDURES TO ADD ROBERT'S RULES OF ORDER AS A PROCEDURAL REFERENCE. -PROVIDE THAT ONE PERSON CANNOT HOLD MORE THAN TWO OFFICES. -CLARIFY THE SIGNATORY AUTHORITY OF THE CEO AND TREASURER. -REMOVE ABILITY OF THE "FULL PARTICIPATING PHYSICIANS" TO INITIATE A BYLAWS AMENDMENT. -ADD THE CHIEF EXECUTIVE OFFICER OF THE GEORGE WASHINGTON UNIVERSITY HOSPITAL AS AN EX OFFICIO TRUSTEE -AMEND NUMBER OF PRESIDENT-APPOINTED TRUSTEES TO NO FEWER THAN ONE AND NO MORE THAN TWO AND ESTABLISH TIMING OF THE APPOINTMENT AND TERMS OF PRESIDENT-APPOINTED TRUSTEES. FORM 990, PART VI, SECTION A, LINE 6 GEORGE WASHINGTON UNIVERSITY BECAME THE SOLE MEMBER OF MFA ON DECEMBER 14, 2018. FORM 990, PART VI, SECTION A, LINE 7A AS THE SOLE MEMBER OF MFA, GEORGE WASHINGTON UNIVERSITY HAS THE CONTROL TO APPOINT AND REMOVE A MAJORITY OF THE DIRECTORS OR TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B AS THE SOLE MEMBER, THE GEORGE WASHINGTON UNIVERSITY HAS THE RIGHT TO APPROVE THE APPOINTMENT AND REMOVAL OF THE CEO AS WELL AS APPPOINT MEMBERS OF THE MFA BOARD SUBJECT TO CERTAIN BYLAWS PROVISIONS, APPROVE THE ANNUAL BUDGET, APPROVE SIGNIFICANT AFFILIATIONS, BUSINESS TRANSACTIONS AND RELATIONSHIPS AND APPROVAL TO THE ARTICLES AND BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN EXTERNAL, INDEPENDENT, PROFESSIONAL SERVICES FIRM WITH THE ASSISTANCE BY MFA'S FINANCE TEAM. ONCE THE FORM 990 WAS COMPLETED, IT WAS SHARED ELECTRONICALLY WITH THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE MEDICAL FACULTY ASSOCIATES (MFA) PREVIOUSLY DELEGATED THE MANAGEMENT AND MONITORING OF ITS CONFLICT OF INTEREST POLICIES, PROCEDURES TO THE GEORGE WASHINGTON UNIVERSITY'S OFFICE OF ETHICS, COMPLIANCE, AND RISK WHICH DISTRIBUTES AN ANNUAL DISCLOSURE FORM TO IDENTIFIED POPULATIONS. DISCLOSURE FORMS AS WELL AS ANY AD HOC DISCLOSURES ARE SUMMARIZED AND SHARED WITH THE OFFICE OF THE GENERAL COUNSEL, THE FINANCE, AUDIT, RISK AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES, AND OTHER BOARD COMMITTEES AS APPROPRIATE. ANY DISCLOSURE WHICH REVEALS FACTS THAT INDICATE AN ACTUAL OR APPARENT CONFLICT IS REVIEWED AND, WHEN APPROPRIATE, A PLAN IS DEVELOPED AND IMPLEMENTED TO ELIMINATE, MANAGE, OR MITIGATE SUCH CONFLICT. THESE PLANS ARE MONITORED AND ENFORCED THROUGH ONGOING OVERSIGHT, COORDINATED BY THE OFFICE OF ETHICS, COMPLIANCE, AND RISK IN COOPERATION WITH THE MFA. BEGINNING IN MARCH 2023, THE RESPONSIBILITY FOR THESE ITEMS RETURNED TO MFA. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE AND COMPENSATION COMMITTEE (THE "COMMITTEE") OF THE MFA'S BOARD OF TRUSTEES IS DELEGATED THE AUTHORITY BY THE BOARD TO SET EXECUTIVE COMPENSATION. THE COMMITTEE REVIEWS AND DETERMINES THE MFA'S COMPENSATION FOR THE CEO; REVIEWS AND APPROVES THE COMPENSATION RECOMMENDED BY THE CEO FOR THE KEY EMPLOYEES AND SENIOR OFFICALS ON AN ANNUAL BASIS. IN MAKING ITS ASSESSMENTS, THE COMMITTEE OBTAINS COMPENSATION INFORMATION PREPARED BY AN INDEPENDENT COMPENSATION CONSULTING FIRM THAT INCLUDES MARKET DATA FROM COMPARABLE NON-PROFITS FOR COMPARABLE POSITIONS. THE COMMITTEE REVIEWS ITS MEMBERSHIP FOR POSSIBLE CONFLICTS OF INTEREST AND CONFIRMS THAT MEMBERS DO NOT HAVE A CONFLICT WITH RESPECT TO A COMPENSATION ARRANGEMENT OR PROPERTY TRANSFER UNDER CONSIDERATION. IN DETERMINING THE CEO'S COMPENSATION, THE COMMITTEE CONSIDERS THE CONSULTANT'S REPORT AND MARKET DATA IN ADDITION TO THE TERMS OF HER EMPLOYMENT CONTRACT. THE COMMITTEE ALSO TAKES INTO CONSIDERATION ACCOMPLISHMENTS FOR THE CURRENT FISCAL YEAR AS WELL AS GOALS FOR THE UPCOMING FISCAL YEAR. WHEN REVIEWING THE REASONABLENESS OF THE KEY EMPLOYEES AND OTHER SENIOR OFFICIALS COMPENSATION, IN ADDITION TO CONSIDERING THE CONSULTANT'S REPORT AND MARKET DATA, THE COMMITTEE ALSO REVIEWS THEIR PERFORMANCE, TAKING INTO ACCOUNT THE CEO'S RECOMMENDATIONS AND OTHER INFORMATION AS IT DEEMS APPROPRIATE FROM TIME TO TIME, SUCH AS GOALS AND ACCOMPLISHMENTS, LENGTH OF SERVICE, AND PRIOR SALARY HISTORY. IF THE COMPENSATION IS ABOVE MARKET DATA, THE COMMITTEE CONSIDERS ALL RELEVANT FACTORS AND, IF IT APPROVES THE COMPENSATION AS REASONABLE, EXPLAINS ITS RATIONALE AND INCLUDES ITS EXPLANATION IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. REQUESTS CAN BE MADE IN WRITING VIA REGULAR MAIL OR EMAIL. FORM 990, PART IX, LINE 11G CONTRACT PHYSICIANS: PROGRAM SERVICE EXPENSES 8,089,044. MANAGEMENT AND GENERAL EXPENSES -15,732. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,073,312. COLLECTION FEES: PROGRAM SERVICE EXPENSES 167,545. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 167,545. TEMPORARY AGENCIES: PROGRAM SERVICE EXPENSES 151,954. MANAGEMENT AND GENERAL EXPENSES 129,937. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 281,891. REFERRAL TEST PATHOLOGY: PROGRAM SERVICE EXPENSES 188,188. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 188,188. MANAGEMENT CONSULTANTS: PROGRAM SERVICE EXPENSES 4,843,716. MANAGEMENT AND GENERAL EXPENSES 22,492,860. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 27,336,576. OTHER CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 7,045,833. MANAGEMENT AND GENERAL EXPENSES 13,247,438. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,293,271. OTHER INSTRUCTIONAL CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 267,303. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 267,303. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 2300 M STREET LEASING LLC 2150 PENNSYLVANIA NW SUITE 10-403 WASHINGTON DC 20037 273552342 RENTAL/LEASING ACTIVITIES DE 5999538 26621479 MEDICAL FACULTY ASSOCIATES INC MFA INTERNATIONAL LLC 2150 PENNSYLVANIA NW SUITE 10-403 WASHINGTON DC 20037 HOLDING COMPANY DE 0 0 MEDICAL FACULTY ASSOCIATES INC MFA PHYSICIANS INSURANCE COMPANY LLC 2150 PENNSYLVANIA NW SUITE 10-403 WASHINGTON DC 20037 933316897 TO PROIVDE CLAIMS-MADE INSURANCE COVERAGE TO MFA AND ITS PHYSICIANS DC 17841384 67703806 MEDICAL FACULTY ASSOCIATES INC THE GEORGE WASHINGTON UNIVERSITY 1918 F STREET NW WASHINGTON DC 20052 530196584 EDUCATION DC 501(C)(3) LINE 2 N/A 0 0 0 1 0 1 0 0 0 0 1 1 1 1 0 1 0 0 0 1