2025-02-19T12:39:14+00:00 2024-06-30 440160260 Forvis Mazars LLP 120 E Palmetto Park Road Suite 403 Boca Raton FL 33432 990 2023-07-01 546280083 Piedmont Liability Trust PIED 4342962100 1020 EDNAM CENTER 100 CHARLOTTESVILLE VA 22903 BRUCE D GEHLE CEO/TRUSTEE 2025-02-19 true April Arnold P01559426 5612991820 2025-02-10 2023 2025-03-06 01:10:19Z BRUCE D GEHLE 1020 EDNAM CENTER 100 CHARLOTTESVILLE VA 22903 22525986 false X N/A X 1989 VA THE ORGANIZATION WAS FORMED TO ACCUMULATE AND HOLD FUNDS FOR USE IN SATISFYING MEDICAL PROFESSIONAL LIABILITY CLAIMS AGAINST THE UNIVERSITY OF VIRGINIA PHYSICIANS' GROUP AND COVERED CLINICIANS OF UNIVERSITY OF VIRGINIA HEALTH. 16 16 9 16 0 0 0 0 7389922 8520426 2408217 3138041 139161 -18929 9937300 11639538 0 0 0 0 2272650 1967909 0 0 0 415352 2362102 2688002 4330011 7249298 7309527 84995109 97858593 74547573 73504467 10447536 24354126 THE ORGANIZATION WAS FORMED TO ACCUMULATE AND HOLD FUNDS FOR USE IN SATISFYING MEDICAL PROFESSIONAL LIABILITY CLAIMS AGAINST THE UNIVERSITY OF VIRGINIA PHYSICIANS' GROUP AND COVERED CLINICIANS OF UNIVERSITY OF VIRGINIA HEALTH. false false 2523867 8520426 MANAGEMENT AND PAYMENT OF MEDICAL PROFESSIONAL LIABILITY CLAIMS FOR THE UNIVERSITY OF VIRGINIA PHYSICIANS' GROUP AND COVERED CLINICIANS OF UNIVERSITY OF VIRGINIA HEALTH, INCLUDING MANAGEMENT OF FUNDS HELD FOR THIS PURPOSE. 2523867 true false false false false false false false false true false false false 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 true false false false true 67 0 true 9 true false false false false false false false false false false false false X 16 16 false false false false false false false true true false false false true true false false true true false false VA X LANCE FRASIER 4342962100 1020 EDNAM CENTER 100 CHARLOTTESVILLE VA 22903 JAMES W HOWELL JD DIRECTOR/VICE-CHAIR 2.0 X X 0 0 0 MARK E SHAFFREY MD DIRECTOR/CHAIRMAN 2.0 X X 0 0 0 SCOTT A SYVERUD MD DIRECTOR/TREASURER 2.0 X X 0 0 0 ANDREW SOUTHERLAND MD DIRECTOR 2.0 X 0 0 0 CHRISTOPHER A MOSKALUK MD DIRECTOR 2.0 X 0 0 0 CHRISTOPHER P HOLSTEGE MD DIRECTOR 2.0 X 0 0 0 DONALD R MORIN DIRECTOR 2.0 X 0 0 0 J SCOTT JUST MD MBA FACEP DIRECTOR 2.0 X 0 0 0 JAMES E SMITH DIRECTOR 2.0 X 0 0 0 JAMES M LARNER MD DIRECTOR 2.0 X 0 0 0 MARGARET TRACCI MD DIRECTOR 2.0 X 0 0 0 MEGAN J BRAY MD DIRECTOR 2.0 X 0 0 0 MITCHELL H ROSNER MD DIRECTOR 2.0 X 0 0 0 PAOLA A GEHRIG MD DIRECTOR 2.0 X 0 0 0 PETER T HALLOWELL MD DIRECTOR 2.0 X 0 0 0 STEPHEN S PARK MD DIRECTOR 2.0 X 0 0 0 BRUCE D GEHLE JD CEO starting 7/1/23 40.0 X 629553 0 41380 RICHARD O WHITE COO & General Counsel 40.0 X 291892 0 33494 LANCE D FRASIER MANAGER OF FINANCE & OPERATIONS 40.0 X 230259 0 28026 Rachel DG Horvath JD Claims & Litigation Counsel 40.0 X 155295 0 10304 REBECCA W WEST JD ESQ CEO THRU 6/30/23 40.0 X 607495 0 7125 1914494 0 120329 5 true true false Timberlake Smith Thomas & Moses PC PO Box 108 Staunton VA 24402 Legal Services 302845 Mitchell & Simopoulos PLLC 912 Princess Anne St Fredericksburg VA 22401 Legal Services 149092 Goodman Allen Donnelly PO Box 29910 Richmond VA 23242 Legal Services 147929 3 0 PREMIUM ASSESSMENTS 525920 8520426 8520426 0 0 0 0 8520426 2534653 2534653 4600 23529 -18929 0 -18929 -18929 11466307 0 10850483 12436 615824 -12436 603388 603388 0 0 0 0 0 11639538 8520426 0 3119112 1145022 1145022 649818 431649 218169 56762 46874 9888 37712 30726 6986 78595 28426 50169 37100 37100 179255 179255 85795 85795 0 0 41714 38018 3696 10463 4270 6193 17066 6396 10670 51353 51353 16085 7673 8412 LOSS & LOSS ADJUSTMENTS 1695746 1695746 MISCELLANEOUS 200933 121702 79231 EQUIPMENT RENTAL AND MAINTENANCE 25259 25259 PRINTING AND PUBLICATION 1333 1333 0 0 0 0 4330011 2523867 1806144 0 1956 5191 6146404 6547037 0 0 0 0 101775 104655 1752845 1167858 589376 584987 77848610 90195042 0 0 306988 421681 84995109 97858593 43862 28840 1050 0 0 74503711 73474577 74547573 73504467 X 10447536 24354126 10447536 24354126 84995109 97858593 7309527 6597063 0 X false true X true false X X 1 UNIVERSITY OF VIRGINIA PHYSICIANS 541124769 9 true 1807347 0 1 1807347 0 true false false false false false false false false false false false false false false true true true X true true Schedule A, Part IV, Section D, Line 3 Supp. Org. Have Significant Voice In Investment Policies UNIVERSITY OF VIRGINIA PHYSICIANS' GROUP's president and CEO serve on the board of the organization and the majority of the physician directors are employees of UNIVERSITY OF VIRGINIA PHYSICIANS' GROUP. The organization's board of directors adopts the investment policy. Schedule A, Part IV, Section E, Line 2a Org. Activities Directly Further The Exempt Purposes THE ORGANIZATION WAS FORMED TO ACCUMULATE AND HOLD FUNDS FOR USE IN SATISFYING MEDICAL PROFESSIONAL LIABILITY CLAIMS AGAINST THE UNIVERSITY OF VIRGINIA PHYSICIANS' GROUP AND COVERED CLINICIANS OF UNIVERSITY OF VIRGINIA HEALTH. Schedule A, Part IV, Section E, Line 2b Activities That One Or More Supp. Org. Engaged In IF IT WEREN'T FOR THE ORGANIZATION ACCUMULATING AND HOLDING FUNDS FOR USE IN SATISFYING MEDICAL PROFESSIONAL LIABILITY CLAIMS AGAINST THE UNIVERSITY OF VIRGINIA PHYSICIANS' GROUP AND COVERED CLINICIANS OF UNIVERSITY OF VIRGINIA HEALTH, UNIVERSITY OF VIRGINIA PHYSICIANS' GROUP AND UNIVERSITY OF VIRGINIA HEALTH WOULD NEED TO PROVIDE MEDICAL PROFESSIONAL LIABILITY INSURANCE THROUGH ANOTHER SOURCE. 258847 258847 1197907 910943 286964 296091 256915 39176 584987 RESERVE FOR LOSSES AND LOSS ADJUSTMENT EXPENSES 73474577 73474577 X 18108802 6597063 0 6597063 11511739 163764 -35965 127799 11639538 4202212 35965 35965 4166247 163764 0 163764 4330011 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Trust is exempt from federal and state income taxes under Internal Revenue Code, Section 501(c)(3) and the tax statutes of the Commonwealth of Virginia. Accordingly, no provision for income taxes has been made in the accompanying financial statements. The Trust has determined that there are no material unrecognized tax benefits or obligations as of June 30, 2024 and 2023. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements RENTAL EXPENSES - -23529 LOSS ON DISPOSAL OF FIXED ASSETS - -12436 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSES - 23529 LOSS ON DISPOSAL OF FIXED ASSETS - 12436 X X X X false false false false false false false false false REBECCA W WEST JD ESQ CEO THRU 6/30/23 458980 0 136000 0 12515 0 0 0 7125 0 614620 0 0 0 BRUCE D GEHLE JD CEO starting 7/1/23 545898 0 75000 0 8655 0 30150 0 11230 0 670933 0 0 0 RICHARD O WHITE COO & General Counsel 265600 0 25000 0 1292 0 25875 0 7619 0 325386 0 0 0 Rachel DG Horvath JD Claims & Litigation Counsel 150214 0 5000 0 81 0 4500 0 5804 0 165599 0 0 0 LANCE D FRASIER MANAGER OF FINANCE & OPERATIONS 210000 0 20000 0 259 0 20700 0 7326 0 258285 0 0 0 Form 990, Part VI, Line 11b Review of form 990 by governing body PRIOR TO ITS FILING, THE ORGANIZATION'S 990 IS REVIEWED BY MANAGEMENT. Form 990, Part VI, Line 15a Process to establish compensation of top management official The compensation of the organization's CEO is determined on an annual basis by the Compensation Committee, which is a subcommittee of the Board of Directors. To aid in their decision, the Compensation Committee is provided with portions of the MPL Association's annual compensation survey. Form 990, Part VI, Line 19 Required documents available to the public The organization's documents are available for review upon request. Form 990, Part XII, Line 2c THE EXECUTIVE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. AUDITORS REPORT AUDIT RESULTS AND FINDINGS TO THE EXECUTIVE COMMITTEE EACH YEAR. SELECTION OF AN INDEPENDENT ACCOUNTANT IS MADE BY THE EXECUTIVE COMMITTEE EACH YEAR AT ONE OF THE SCHEDULED MEETINGS. UNIVERSITY OF VIRGINIA PHYSICIANS' GROUP 500 RAY C HUNT DRIVE CHARLOTTESVILLE VA 229032981 541124769 PATIENT CARE, TEACHING, MEDICAL RESEARCH VA 501(c)(3) 10 NA false false false false false false false false false false false false true false false false false false false false