2026-05-13T06:54:33-05:00 2025-06-30 541149263 YOUNT HYDE & BARBOUR PC PO BOX 2560 WINCHESTER VA 226041760 990 2024-07-01 522220700 MEDICAL FACULTY ASSOCIATES INC MEDI 2027413502 2150 PENNSYLVANIA AVENUE NW WASHINGTON DC 20037 JOANNE GREEN CFO 2027413502 2026-05-11 1 1 CHRIS FRYE CPA P01068721 5406623417 2026-04-23 2024 2025-03-06 01:10:19Z BILL ELLIOTT 2150 PENNSYLVANIA AVENUE NW WASHINGTON DC 20037 419017944 0 X WWW.GWDOCS.COM X 2000 DC PROVIDE PATIENT CARE, CLINICAL RESEARCH, AND TEACHING TO MEDICAL STUDENTS AND RESIDENTS OF GWU. 11 7 2016 8 0 0 3678212 604587 384914261 415735479 -323672 1303170 1227658 950245 389496459 418593481 0 0 0 0 270254525 269597200 0 0 0 228790213 249329674 499044738 518926874 -109548279 -100333393 264876964 274408056 608964767 718616270 -344087803 -444208214 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 402928259 386695478 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 456,613 EPISODES OF CARE, INCURRED CONTRACTUAL ADJUSTMENTS FOR MEDICAID AND MEDICAID REPLACEMENT TOTALING APPROXIMATELY $58 MILLION, AND CONDUCTED NUMEROUS COMMUNITY OUTREACH PROGRAMS TO INCLUDE HIV CLINICS, PROSTATE CANCER SCREENINGS, BREAST CARE CENTER, AND A MAMMOVAN. 5936104 5916285 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, 2025, MFA PERFORMED 210 STUDIES. 17100880 23123716 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, 2025, MFA PROVIDED PROFESSIONAL EDUCATION TO 394 MEDICAL RESIDENTS AND 751 STUDENTS. 425965243 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 0 0 0 0 1 1 1 0 0 0 1 230 0 1 2016 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 7 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 BILL ELLIOTT CEO - EX OFFICIO 15.00 35.00 X X 501921 0 10606 ELLEN ZANE CHAIR OF THE BOARD 0.50 X 0 0 0 JULIE BAUMAN MD CHAIR TRUSTEE 1.00 40.00 X 0 885389 141829 ANTON SIDAWY MD CHAIR TRUSTEE AND SECRETARY 40.00 X X 888302 0 18014 BRUNO FERNANDES FORMER PRES.-APPT TRUSTEE & TREAS. 1.00 50.00 X X 0 981778 86352 RICHARD POPIEL MD TRUSTEE 0.50 X 0 0 0 PAMELA LAWRENCE VICE CHAIR OF THE BOARD 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 PRESIDENT-APPOINTED TRUSTEE 1.00 40.00 X 0 463709 45761 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 BARBARA BASS MD EX OFFICIO TRUSTEE 1.00 50.00 X 0 1346972 154868 KAREN FAGAN MD CHAIR TRUSTEE 0.50 X 197562 0 8169 BENJAMIN JONES TREASURER 0.50 X 0 0 0 LOUIS ROBICHAUX ASSISTANT TREASURER 0.50 X 0 0 0 CHRIS SMEDLEY FORMER CHIEF STATEGY OFFICER 40.00 X 630089 0 29100 WILLIAM BORDEN INT. CHAIR, DEPT OF MED 40.00 X 490337 0 17351 RICO WADE CHIEF HUMAN RESOURCE OFFICER 40.00 X 309020 0 19957 RAYMOND LUCAS CHAIR, DEPT. OF EMERGENCY MEDICINE 40.00 X 507046 0 16999 MICHAEL K ROSNER PHYSICIAN 40.00 X 1210062 0 18424 STEVEN BOYCE MD PHYSICIAN 40.00 X 1430956 0 25321 MICHAEL J OLDING PHYSICIAN 40.00 X 833206 0 21000 SHARAD GOYAL PHYSICIAN 40.00 X 825282 0 33058 ROBERT STERLING PHYSICIAN 40.00 X 950000 0 34356 ROBIN NICHOLS FORMER CFO 40.00 X 359996 0 13025 9133779 3677848 694190 732 1 1 0 SAVISTA LLC 200 NORTH POINT CENTER E SUITE 600 ALPHARETTA GA 30022 REVENUE-CYCLE MANAGEMENT SERVICES 25801012 EPIC SYSTEMS CORPORATION PO BOX 88314 MILWAUKEE WI 532880314 PATIENT ACCOUNTING-REVENUE 4013966 COMPUTER DESIGN & INTEGRATION LLC PO BOX 23246 NEW YORK NY 100873246 NETWORK AND SYSTEM MANAGEMENT 1777418 BRAVO FACILITY SERVICES LLC 1577 SPRING HILL RD VIENNA VA 22182 FACILITY AND JANITORIAL SERVICES 1425953 DEERFIELD CONSTUCTION GROUP INC 610 PROFESSIONAL DR STE 210 GAITHERSBURG MD 208793456 BUILDING CONSTRUCTION 1265254 83 604587 604587 PATIENT CARE 621110 386695478 386695478 MEDICAL EDUCATION 611310 23123716 23123716 MEDICAL RESEARCH 541700 5916285 5916285 415735479 1130871 1130871 1374708 424463 950245 950245 950245 172299 0 172299 172299 172299 418593481 415735479 0 2253415 X 4905343 2476094 2429249 233495611 215770807 17724804 15194646 13910114 1284532 16001600 14648849 1352751 4959458 12829 4946629 552772 75370 477402 56173313 12013974 44159339 189873 2948 186925 3531868 1434135 2097733 7829144 3146897 4682247 22145505 12205195 9940310 312702 250437 62265 843303 775149 68154 20105510 19644330 461180 3614408 3614408 5689860 4283026 1406834 12263971 11487033 776938 PATIENT CARE SUPPLIES 91990452 91604373 386079 BAD DEBT 15053018 15053018 MEMBERSHIP AND PROFESSI 2068501 1670269 398232 SPECIAL EVENTS 998907 894128 104779 1007109 991860 15249 518926874 425965243 92961631 0 9942564 23105443 2614 2669 48040711 58807212 1301525 1621620 6832958 5892383 173346670 108487322 69519780 64859348 34418367 37455268 13118619 8830273 81699826 73833840 264876964 274408056 28369930 39020455 1162901 843457 50132828 43895008 529299108 634857350 608964767 718616270 X -344087803 -444208214 -344087803 -444208214 264876964 274408056 -100333393 212982 0 X X 0 1 X 1 0 X 1996207 794199 2834010 3678212 604587 9907215 436636128 384111586 375763046 384914261 415735479 1997160500 438632335 384905785 378597056 388592473 416340066 2007067715 0 0 0 2007067715 5482317 6716342 7437721 7635256 7822238 35093874 5482317 6716342 7437721 7635256 7822238 35093874 444114652 391622127 386034777 396227729 424162304 2042161589 0.98280 0.98380 0.01720 0.01620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15640900 15640900 93490413 61265758 32224655 63796852 47221564 16575288 418505 418505 64859348 OPERATING LEASES - NET OF ACCUMULATED AMORTIZATION 54203701 DUE FROM RELATED PARTIES 2758153 REINSURANCE RECOVERABLE 16871986 73833840 RESERVE FOR INSURANCE 13601191 LINE OF CREDIT 72414655 457(B) PLAN LIABILITIES 7083789 CAPITAL LEASE OBLIGATION 59884951 SUBORDINATED LOAN 370904122 PATIENT SERVICE LIABILITY 2145506 DUE TO RELATED PARTIES 50316897 GARNISHMENTS -1667 TENANT DEPOSITS 23225 INSURANCE RESERVES 58484681 634857350 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, 2025 AND 2024. X X X X X 1 1 0 0 0 0 0 1 0 BARBARA BASS MD EX OFFICIO TRUSTEE 0 1292262 0 24665 0 30045 0 132712 0 22156 0 1501840 0 0 STEVEN BOYCE MD PHYSICIAN 1400000 0 0 0 30956 0 13800 0 11521 0 1456277 0 0 0 MICHAEL K ROSNER PHYSICIAN 1200000 0 0 0 10062 0 13800 0 4624 0 1228486 0 0 0 BRUNO FERNANDES FORMER PRES.-APPT TRUSTEE & TREAS. 0 802536 0 155000 0 24242 0 57794 0 28558 0 1068130 0 0 JULIE BAUMAN MD CHAIR TRUSTEE 0 860067 0 0 0 25322 0 64449 0 77380 0 1027218 0 0 ROBERT STERLING PHYSICIAN 950000 0 0 0 0 0 13800 0 20556 0 984356 0 0 0 ANTON SIDAWY MD CHAIR TRUSTEE AND SECRETARY 845814 0 0 0 42488 0 13800 0 4214 0 906316 0 0 0 SHARAD GOYAL PHYSICIAN 650000 0 173032 0 2250 0 13800 0 19258 0 858340 0 0 0 MICHAEL J OLDING PHYSICIAN 525000 0 308206 0 0 0 13800 0 7200 0 854206 0 0 0 CHRIS SMEDLEY FORMER CHIEF STATEGY OFFICER 627839 0 0 0 2250 0 13800 0 15300 0 659189 0 0 0 RAYMOND LUCAS CHAIR, DEPT. OF EMERGENCY MEDICINE 499556 0 0 0 7490 0 13800 0 3199 0 524045 0 0 0 BILL ELLIOTT CEO - EX OFFICIO 499909 0 0 0 2012 0 9583 0 1023 0 512527 0 0 0 LAQUANDRA NESBITT MD PRESIDENT-APPOINTED TRUSTEE 0 451801 0 0 0 11908 0 34500 0 11261 0 509470 0 0 WILLIAM BORDEN INT. CHAIR, DEPT OF MED 488151 0 0 0 2186 0 13800 0 3551 0 507688 0 0 0 ROBIN NICHOLS FORMER CFO 356679 0 0 0 3317 0 8400 0 4625 0 373021 0 0 0 RICO WADE CHIEF HUMAN RESOURCE OFFICER 308045 0 0 0 975 0 12554 0 7403 0 328977 0 0 0 KAREN FAGAN MD CHAIR TRUSTEE 195584 0 0 0 1978 0 4000 0 4169 0 205731 0 0 0 PART I, LINES 4A-B FORMER CFO ROBIN NICHOLS RECEIVED A SEVERANCE PAYMENT OF $150,000. THE FOLLOWING TRUSTEES PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THROUGH THE GEORGE WASHINGTON UNIVERSITY (RELATED ORGANIZATION) AND RECEIVED EMPLOYER CONTRIBUTIONS TO A NON-VESTED 457(F) PLAN: - BARBARA BASS, MD: $98,212 - JULIE BAUMAN, MD: $29,949 - BRUNO FERNANDES: $23,294 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. 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: -THE FOLLOWING MATTERS WHICH GW HAS CONSENT RIGHTS OVER HAVE BEEN DELETED: APPOINTMENT AND REMOVAL OF MFA'S CEO; MFA'S BORROWINGS ABOVE CERTAIN THRESHOLDS ESTABLISHED FROM TIME TO TIME BY GW; MFA'S ANNUAL OPERATING AND CAPITAL BUDGETS; ANY FILINGS BY MFA OF A PETITION TO INITIATE AN INSOLVENCY, BANKRUPTCY, OR DISSOLUTION PROCEEDING; ANY (A) MERGER, CONSOLIDATION OR AFFILIATION WITH ANOTHER ENTITY OR ENTITIES; (B) ACQUISITION OR CREATION OF A NEW SUBSIDIARY, OR MFA'S DIVESTITURE OF A SUBSIDIARY; (C) ENTERING INTO A TRANSACTION WITH AN AFFILIATE; (D) SALE, LEASE, EXCHANGE, SALE AND LEASEBACK, SUBLEASE, ENTERING INTO A COMPREHENSIVE MANAGEMENT AGREEMENT, OR OTHER DISPOSITION OR CONTRACTUAL COMMITMENT TO DISPOSE OF ANY MFA ASSETS HAVING AN AGGREGATE VALUE OF $500,000 OR MORE; OR (E) ACQUISITION, BY MERGER OR OTHERWISE, OF A NEW ENTITY IN WHICH MFA WOULD HAVE 50% OR MORE OF THE ECONOMIC INTERESTS OR THE RIGHT TO APPOINT 50% OR MORE OF THE GOVERNING BODY OF SUCH ENTITY AND IN WHICH NEITHER MFA NOR DISTRICT HOSPITAL PARTNERS, L.P. PARTICIPATES; ENGAGING IN OUTSIDE ACCOUNTANTS. -THE MINIMUM NUMBER OF TRUSTEES REDUCED FROM 13 TO 9. -THE MINIMUM NUMBER OF UNAFFILIATED TRUSTEES REDUCED FROM 7 TO 5. -THE MINIMUM NUMBER OF PRESIDENT-APPOINTED TRUSTEES REDUCED FROM 1 TO 0. -THE QUORUM FOR A BOARD MEETING REDUCED FROM A MAJORITY OF TRUSTEES THEN IN OFFICE TO 40%. -GW IS GIVEN THE OPTION TO DELEGATE TO MFA'S BOARD THE POWER TO APPOINT THE UNAFFILIATED TRUSTEES AND FILLING VACANCIES, RATHER THAN THAT POWER RESIDING EXCLUSIVELY WITH GW. -GW IS GIVEN THE OPTION TO FILL THE POSITION OF DEAN, EX OFFICIO TRUSTEE, BUT MAY ELECT TO KEEP THE SEAT VACANT FOR AS LONG AS IT LIKES. -GW IS GIVEN THE OPTION TO DELEGATE TO MFA'S BOARD THE POWER TO APPOINT AND REMOVE THE CHAIR OF THE BOARD, RATHER THAN THAT POWER RESIDING EXCLUSIVELY WITH GW. -THE CONDITION THAT GW MUST CONSENT TO ANY AMENDMENT TO THE BYLAWS IS CHANGED TO PROVIDE THAT GW'S CONSENT IS ONLY REQUIRED IF GW'S RIGHTS WOULD BE AFFECTED BY THE AMENDMENT. 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 9,222,722. MANAGEMENT AND GENERAL EXPENSES 214,276. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,436,998. TEMPORARY AGENCIES: PROGRAM SERVICE EXPENSES 89,109. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 89,109. REFERRAL TEST PATHOLOGY: PROGRAM SERVICE EXPENSES 82,891. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 82,891. MANAGEMENT CONSULTANTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 30,294,058. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,294,058. OTHER CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 2,619,252. MANAGEMENT AND GENERAL EXPENSES 13,651,005. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,270,257. 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 5451997 59566704 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 19660522 74617416 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