2026-05-14T11:40:07+00:00 2025-06-30 135381590 BDO USA 8401 GREENSBORO DR STE 800 MCLEAN VA 221023599 990 2024-07-01 521297269 UNIVERSITY OF MARYLAND PATHOLOGY ASSOCIATES PA UNIV 4107067075 250 W PRATT STREET 901 BALTIMORE MD 21201 PAUL STAATS MD CHAIR 4107067075 2026-05-14 true TODD TERESCO P00247720 7038930600 2026-05-14 2024 2025-03-06 01:10:19Z PAUL STAATS MD 250 W PRATT STREET 901 BALTIMORE MD 21201 15816039 false X WWW.UMFPI.ORG X 1983 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. 3 0 68 0 0 0 0 10370564 15769843 91942 46196 0 0 10462506 15816039 0 0 0 4371964 4745760 0 0 0 8294048 9633821 12666012 14379581 -2203506 1436458 4082133 5865137 6461457 6808003 -2379324 -942866 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 11551367 0 15769843 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. 11551367 true false false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false true 6 0 true 68 true false false false false false false false false false false false false X 3 0 false false false false true true false true true false false false false true true true true true true true false false MD X JACQUELINE FARRELL CFO 4107067075 250 W PRATT STREET STE 901 BALTIMORE MD 21201 Chris Lopez Treasurer (AS OF 08/25) 1.0 0.0 X X 0 4035 0 John Papadimitriou MD Secretary (THRU 01/24) 1.0 0 X X 0 0 2531 Paul Staats MD President 3.0 1.0 X X 0 25692 3013 Selena Rhee Secretary (AS OF 08/25) 1.0 0.0 X X 0 6225 897 Olga Ioffe Treasurer(THRU 08/25) /Member (AS OF 08/25) 1.0 0.0 X 0 8805 2675 Parvez Lokhandwala Secretary (THRU 06/25) / Member (08/25) 1.0 0.0 X 0 1052 2103 Carlen Bini PATH ASSISTANT PROGRAM DIR. 40.0 0 X 113773 0 25974 Jeffrey Parker DIRECTOR OF LABORATORY SERVICE 40.0 0 X 165467 0 23813 Kathleen Horton DIR. OFFICE OF FACULTY DEV. 40.0 0 X 104473 0 30102 Kimberly Taylor SR. HEALTHCARE SYSTEMS ANALYST 40.0 0 X 112896 0 9377 Sanford A Stass MD President (THRU 01/24) 3.0 1.0 X 9000 0 3097 505609 45809 103582 4 false true false QUEST DIAGNOSTICS PO BOX 912512 PASADENA CA 91110 LAB SERVICES 1125918 1 0 PATIENT SERVICE REVENUE 621110 13994288 13994288 CONTRACT AND OTHER REVENUE 621110 1775555 1775555 0 0 0 0 15769843 46196 46196 0 0 0 0 0 0 0 0 0 15816039 15769843 0 46196 X 29137 29137 3603680 2628424 975256 229620 162890 66730 630162 461549 168613 253161 182570 70591 9976 6983 2993 79346 79346 2352923 2213367 139556 0 371181 258210 112971 1428992 1418357 10635 246738 172717 74021 2179 1525 654 1404293 1404293 179143 125400 53743 177955 146481 31474 UNIVERSITY TRANSFERS 1097674 1097674 MEDICAL SUPPLIES 1545541 1545541 BAD DEBT EXPENSE 920758 920758 BANK AND CREDIT CARD FEES 47469 33229 14240 -230347 -336980 106633 0 14379581 11551367 2828214 0 -302969 -1106334 1229726 2032708 1570623 2581246 0 0 0 0 59898 50507 2111362 1645281 623409 466081 0 0 0 901446 1840929 4082133 5865137 1980451 1554936 137500 0 0 4481006 5115567 6461457 6808003 -2379324 -942866 -2379324 -942866 4082133 5865137 1436458 0 X X false true true false X 349812 1843077 0 0 0 2192889 61715968 19228781 12801146 10370564 15769843 119886302 0 0 0 62065780 21071858 12801146 10370564 15769843 122079191 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 122079191 12647 15584 74660 58796 46196 207883 0 12647 15584 74660 58796 46196 207883 0 350000 0 0 0 0 350000 62428427 21087442 12875806 10429360 15816039 122637074 0.99545 0.99541 0 0.0 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - , COLUMN A - 350000.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - , COLUMN F - 350000.0; 139344 139344 0 1972018 1505937 466081 466081 RIGHT-OF-USE ASSETS 1667101 OTHER SHORT TERM RECEIVABLES 173828 1840929 Federal Income Taxes DEPARTMENTAL DEVELOPMENT FUND 2930499 RIGHT-OF-USE LIABILITY 1704428 DUE TO RELATED PARTIES 198955 MEDICAL SCHOOL ENRICHMENT FUND 217238 MEDICAL SERVICE PLAN TRUST FUND 64447 5115567 X 14959481 64200 -920758 -856558 15816039 0 0 15816039 13523023 64200 0 64200 13458823 920758 920758 14379581 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. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 BAD DEBT EXPENSE - -920758 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements BAD DEBT EXPENSE - 920758 X X X false false false false false true false true false Sanford A Stass MD President (THRU 01/24) 9000 0 0 0 0 0 0 0 3097 0 12097 0 0 0 Jeffrey Parker DIRECTOR OF LABORATORY SERVICE 165467 0 0 0 0 0 12061 0 11752 0 189280 0 0 0 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 7a Members or stockholders electing members of governing body THE BOARD OF DIRECTORS IS ELECTED BY THE STOCKHOLDERS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE ENTITY RECEIVES A COPY OF THE 990 AND A REPRESENTATIVE OF THE GOVERNING BODY APPROVES IT BEFORE SIGNING THE ELECTRONIC FILING AUTHORIZATION. Form 990, Part VI, Line 12c Conflict of interest policy AS PART OF THEIR EMPLOYMENT BY THE 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 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, Line 15b Process to establish compensation of other employees 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, 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 IX, Line 11g Other Fees LAB SERVICES - Total Expense: 1995600, Program Service Expense: 1995600, Management and General Expenses: 0, Fundraising Expenses: 0; PURCHASED SVCS - ADMIN - Total Expense: 234666, Program Service Expense: 108457, Management and General Expenses: 126209, Fundraising Expenses: 0; MEDICAL & PATIENT SERVICE - Total Expense: 78165, Program Service Expense: 78165, Management and General Expenses: 0, Fundraising Expenses: 0; PURCHASED SERVICES - IT - Total Expense: 34483, Program Service Expense: 24138, Management and General Expenses: 10345, Fundraising Expenses: 0; OTHER PROFESSIONAL SVCS - Total Expense: 10009, Program Service Expense: 7007, Management and General Expenses: 3002, Fundraising Expenses: 0; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; 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 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 false false false true false false false false false false true false false true true true true true true