Physician Enterprise Llc
- Assets
- $46.5m
- Revenue
- $178.9m
- Investments
- $0.0
- Employees
- 660
- Location
- Annapolis, MD
- Founding
- 04/2012
- Data as of
- 06/2020
- EIN
- 27-0263214
Organization Overview
Physician Enterprise Llc is located in Annapolis, MD. The organization was established in 2012. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 06/2021, Physician Enterprise Llc employed 660 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Physician Enterprise Llc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Physician Enterprise Llc generated $178.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $199.6m during the year ending 06/2020. While expenses have increased by 6.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PHYSICIAN, DIAGNOSTIC, AND OTHER HEALTH CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORTHOPEDICS - SERVICES INCLUDING ORTHOPEDIC SURGERY, PHYSICAL THERAPY, AND ORTHOTICS.
WOMEN AND CHILDREN- PROVIDE OBSTETRICS AND GYNAECOLOGY SERVICES TO THE COMMUNITY.
MEDICINE- PROVIDES A VARIETY OF SPECIALTY HEALTHCARE SERVICES SUCH AS CARDIOLOGY, DIABETES ENDOCRINE AND NEUROLOGY SERVICES TO THE COMMUNITY.
OTHER PROGRAM SERVICES PROVIDED IN ACCORDANCE WITH THE ORGANIZATION'S MISSION STATEMENT AND TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Gelfand MD Medical Director Orthopedic Services | 40 | $1,018,079 | |
Paul King MD Physician | 40 | $1,001,690 | |
Benjamin Petre MD Physician | 40 | $999,042 | |
Chad Patton MD Physician | 40 | $950,701 | |
Avedis Meneshian MD Physician | 40 | $944,804 | |
Peter Odenwald Board Member | Trustee | 40 | $472,073 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adfinitas Health Contracted Physicians Contracted Physicians | 6/29/21 | $1,716,820 |
Doctors Emergency Service Pa Contracted Physicians | 6/29/21 | $474,330 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,789,109 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $178,945,425 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $487,014 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,367,127 |
| Pension plan accruals and contributions | $2,015,185 |
| Other employee benefits | $6,597,771 |
| Payroll taxes | $4,340,994 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,691,590 |
| Advertising and promotion | $72,479 |
| Office expenses | $25,427,578 |
| Information technology | $1,129,070 |
| Royalties | $0 |
| Occupancy | $11,704,186 |
| Travel | $477,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $111,066 |
| Interest | $3,348 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,009,303 |
| Insurance | $6,632,446 |
| All other expenses | $0 |
| Total functional expenses | $199,642,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $715,887 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,519,009 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $524,850 |
| Prepaid expenses and deferred charges | $2,104,564 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,224,402 |
| Other assets | $18,764,798 |
| Total assets | $46,488,758 |
| Accounts payable and accrued expenses | $15,200,112 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,976,804 |
| Total liabilities | $42,176,916 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,311,842 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Physician Enterprise Llc has recieved totaling $114,428.
| Awarding Organization | Amount |
|---|---|
Luminis Health Anne Arundel Medical Center Foundation Inc Annapolis, MD PURPOSE: TO SUPPORT OPERATIONS OF PHYSICIAN ENTERPRISE, LLC | $114,428 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mcv Associated Physicians Richmond, VA | $296,921,285 | $539,983,630 |
Medical Faculty Associates Inc Washington, DC | $180,530,229 | $427,789,125 |
Pinnacle Health Medical Services Harrisburg, PA | $62,082,359 | $358,432,911 |
Main Line Healthcare Newtown Square, PA | $118,136,702 | $349,358,338 |
Clinical Care Associates Of The University Of Pennsylvania Health Bala Cynwyd, PA | $70,443,492 | $209,271,901 |
Physician Enterprise Llc Annapolis, MD | $46,488,758 | $178,945,425 |
Pediatric Physicians Services Inc Baltimore, MD | $9,051,384 | $104,702,808 |
Frederick Health Medical Group Llc Frederick, MD | $25,584,881 | $69,646,523 |
Beebe Physican Network Inc Lewes, DE | $13,499,418 | $49,763,714 |
Pinnacle Health Regional Physicians Harrisburg, PA | $6,138,085 | $78,224,269 |
Maryland Family Care Inc Baltimore, MD | $19,893,150 | $66,378,541 |
Pediatric Specialists Of Virginia Llc Fairfax, VA | $27,579,335 | $38,520,642 |