2026-05-15T17:03:27+00:00 2025-06-30 135381590 BDO USA 8401 GREENSBORO DR STE 800 MCLEAN VA 221023599 990 2024-07-01 522122145 UNIVERSITY OF MARYLAND ORTHOPAEDIC ASSOCIATES PA UNIV 4103286040 110 S PACA STREET 6TH FL 300 BALTIMORE MD 21201 R FRANK HENN III MD PRESIDENT & CHAIR 4103286040 2026-05-15 true TODD TERESCO P00247720 7038930600 2025-05-15 2024 2025-03-06 01:10:19Z R FRANK HENN III MD 110 S PACA STREET 6TH FL 300 BALTIMORE MD 21201 42714915 false X WWW.UMFPI.ORG X 1998 MD 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. 1 0 192 0 0 0 35677111 42372446 396865 270285 0 36073976 42642731 205510 46150 0 20016111 23356059 0 0 16719399 23067234 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202176 224313 29 false true false Wilhelm Commercial Builders Inc 10979 Guilford Road Suite B Annapolis Junction MD 20701 BUILDING RENOVATION 2986685 ADELE A RICHER 829 REISTERTOWN RD SUITE 300 BALTIMORE MD 21208 INTERIOR DESIGN 104768 2 0 PATIENT SERVICE REVENUE 621110 27187294 27187294 CONTRACT AND OTHER REVENUE 621110 15185152 15185152 0 0 0 0 42372446 342469 342469 0 0 72184 -72184 0 -72184 -72184 0 0 0 0 0 42642731 42372446 0 270285 46150 46150 2331105 2331105 17084631 15341760 1742871 1182651 1031693 150958 1966081 1581339 384742 791591 640382 151209 159434 159434 3054910 2876541 178369 0 13350 9345 4005 659766 461836 197930 749760 742662 7098 1776684 1235681 541003 8482 5937 2545 8087 8087 3930119 3930119 1069357 748550 320807 1179135 1064503 114632 GENERAL AND ADMINISTRATIVE 5000000 5000000 UNIVERSITY TRANSFERS 1600000 1600000 MEDICAL SUPPLIES 1073394 1073394 BAD DEBT EXPENSE 918140 918140 1866616 1707830 158786 0 46469443 41436914 5032529 0 1865942 1813639 7794192 8091035 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PARTIES DEPARTMENTAL DEVELOPMENT FUND INCENTIVE PRACTICE INCOME PAYABLE MEDICAL SCHOOL ENRICHMENT FUND MEDICAL SERVICES PLAN TRUST FUND OTHER LIABILITIES OPERATING LEASE LIABILITY 8996266 DUE TO RELATED PARTIES 6652845 DEPARTMENTAL DEVELOPMENT FUND 5674509 INCENTIVE PRACTICE INCOME PAYABLE 1316721 MEDICAL SCHOOL ENRICHMENT FUND 556743 MEDICAL SERVICES PLAN TRUST FUND 177498 OTHER LIABILITIES 23374582 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote 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, 2025 AND 2024. 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, 2025 AND 2024. THE ASSOCIATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2021. false ORTHOPAEDIC RESEARCH & EDUCATION Fdn 9400 W HIGGINS Rd ROSEMONT IL 60018 366009467 501(C)(3) 35000 CHARITABLE Univ of Md Baltimore Foundation 220 Arch Street Flr 13 Baltimore MD 21201 311678679 501(c)(3) 7550 Charitable 2 X true false X X X false false false false false true false true false Frank R Henn III MD President 135615 0 137600 0 0 0 12823 0 4473 0 290511 0 0 0 Steven Ludwig MD Vice President 804679 0 665691 0 0 0 20301 0 4473 0 1495144 0 0 0 Marcus Sciadini MD Treasurer 375006 0 0 0 0 0 24124 0 4473 0 403603 0 0 0 Lawrence K Thompson Secretary 0 202176 32196 0 0 0 3814 0 3013 0 39023 202176 0 0 Brent Bauer MD Physician 496708 0 45000 0 0 0 25040 0 4473 0 571221 0 0 0 Louis Bivona MD Physician 379020 0 0 0 0 0 24127 0 4473 0 407620 0 0 0 Daniel Cavanaugh MD Physician 571414 0 387717 0 0 0 25516 0 4473 0 989120 0 0 0 Eugene Koh MD Physician 364980 0 176107 0 0 0 25634 0 4473 0 571194 0 0 0 Jason Nascone MD Physician 398373 0 0 0 0 0 24137 0 4473 0 426983 0 0 0 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. Form 990, Part VI, Line 6 Classes of members or stockholders THE ENTITY IS A MARYLAND CORPORATION WHOSE STOCKHOLDERS ARE PHYSICIANS AND MEMBERS OF THE GOVERNING BODY. Form 990, Part VI, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy 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, Line 15a Process to establish compensation of top management official 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 TASK 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, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances TRANSFER FROM AFFILIATE ORGANIZATION: - 3550030; Total - 3550030; Form 990, Part XII, Line 2c Change of oversight process or selection process THE PROCESS FOR SELECTING THE AUDITORS HAS NOT CHANGED FROM THE PRECEDING YEAR. UNIVERSITY OF MARYLAND FACULTY PHYSICIANS INC 250 W PRATT STREET SUITE 901 BALTIMORE MD 21201 521299563 COORDINATION AND IMPLEMENTATION OF A MEDICAL SERVICE PLAN. MD 501(c)(3) Type II NA false UNIVERSITY OF MARYLAND ORTHO TRAUMA ASSOC PA 110 S PACA STREET SUITE 300 BALTIMORE MD 21201 522381867 MEDICAL SERVICES PROVIDER MD 501(c)(3) 10 NA true MARYLAND MEDICINE PA 250 W PRATT STREET SUITE 901 BALTIMORE MD 21201 521908496 EMPLOYMENT SERVICES TO THE PROFESSIONAL ASSOCIATIONS (PA) SCHOOL OF MEDICINE MD 501(c)(3) Type I NA false UNIVERSITY OF MARYLAND MEDICINE 250 W Pratt Stree Suite 901 BALTIMORE MD 21201 Medical Services MD NA Related -54128 795555 false false 0.3000 false false false true false false false false false false true false true true true true true true true 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