2026-05-13T16:23:24+00:00 2025-06-30 135381590 BDO USA 8401 GREENSBORO DR STE 800 MCLEAN VA 221023599 990 2024-07-01 521949649 UNIVERSITY OF MARYLAND ONCOLOGY ASSOCIATES PA UNIV 4103286222 22 SOUTH GREENE STREET BALTIMORE MD 21201 TAOFEEK K OWONIKOKO PRESIDENT 4103286222 2026-05-13 false TODD TERESCO P00247720 7038930600 2025-05-15 2024 2025-03-06 01:10:19Z TAOFEEK K OWONIKOKO 22 SOUTH GREENE STREET BALTIMORE MD 21201 7064781 false X WWW.UMFPI.ORG X 1995 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. 5 0 27 0 0 0 0 5904597 6913056 163569 151725 0 6068166 7064781 0 0 712925 672787 0 0 4611313 6091913 5324238 6764700 743928 300081 4830489 4418408 5270179 4558031 -439690 -139623 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 6156961 0 6913056 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. 6156961 true false false false false false false false false false false 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 2 0 true 27 true false false false false false false false false false false false false X 5 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 6672141110 250 WEST PRATT STREET NO 901 BALTIMORE MD 21201 Aaron Rapoport MD VICE PRESIDENT 35.0 0.0 X X 14031 65195 4050 Taofeek Owonikoko MD PRESIDENT (AS OF 01/24) 12.0 1.0 X X 100000 97126 3750 Jean Yared DIRECTOR (AS OF 07/24) 36.0 0.0 X 0 40809 3604 Maria Baer MD DIRECTOR 10.0 0.0 X 12306 84487 2961 Paula Rosenblatt MD DIRECTOR (THRU 06/24) 35.0 0.0 X 25349 10541 3402 Ranee Mehra DIRECTOR (AS OF 07/24) 26.0 0.0 X 0 8486 3593 Vu Duong MD DIRECTOR (THRU 06/24) 33.0 0.0 X 19085 30034 2932 Nicholas Jaidar SECRETARY 4.0 0.0 X 0 77958 0 Suzanne Cignatta Treasurer (AS OF 07/24) 4.0 0.0 X 0 22853 0 Susan Hodges RN NURSE PRACTITIONER 40.0 0 X 146605 0 34647 Kevin Cullen MD PRESIDENT (THRU 01/24) 14.0 1.0 X 66137 0 8209 383513 437489 67148 true true false 0 0 PATIENT SERVICE REVENUE 621110 6224410 6224410 CONTRACT AND OTHER REVENUE 621110 688646 688646 0 0 0 0 6913056 151725 151725 0 0 0 0 0 0 0 0 0 7064781 6913056 0 151725 X 144510 144510 0 0 334774 337476 -2702 25487 25487 154283 153444 839 13733 13733 4069 2848 1221 78934 78934 1484628 1199356 285272 0 49134 34394 14740 -17521 -17521 133000 133000 4300 3010 1290 83647 59810 23837 797196 797196 374566 360811 13755 UNIVERSITY TRANSFERS 2022194 2022194 DEPARTMENTAL DEVELOPMENT 854447 854447 BAD DEBT EXPENSE 201540 201540 OTHER EXPENSE 21779 15245 6534 0 0 0 0 6764700 6156961 607739 0 -178166 -166706 3766664 2947329 883701 1089225 0 0 0 0 0 0 0 0 0 0 358290 548560 4830489 4418408 3176577 2206965 253970 232296 0 0 1839632 2118770 5270179 4558031 -439690 -139623 -439690 -139623 4830489 4418408 300081 -14 0 X false true true false X 0 92403 0 0 0 92403 5598327 5489641 5332575 5904597 6913056 29238196 0 0 0 5598327 5582044 5332575 5904597 6913056 29330599 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 29330599 0 0 69747 163569 151725 385041 0 0 0 69747 163569 151725 385041 0 0 0 0 0 0 0 5598327 5582044 5402322 6068166 7064781 29715640 0.98704 0.9895 0.01 0.0086 X OTHER RECEIVABLES 548560 548560 Federal Income Taxes DEPARTMENTAL DEVELOPMENT FUND 1875541 MEDICAL SCHOOL ENRICHMENT FUND 121809 DUE TO RELATED PARTIES 85283 MEDICAL SERVICE PLAN TRUST FUND 36137 2118770 X 6878641 15400 -201540 -186140 7064781 0 0 7064781 6578560 15400 0 15400 6563160 201540 201540 6764700 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 - -201540 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Bad Debt Expense - 201540 X X X false false false false false true false true false Kevin Cullen MD PRESIDENT (THRU 01/24) 0 0 66137 0 0 0 4459 0 3750 0 74346 0 0 0 Taofeek Owonikoko MD PRESIDENT (AS OF 01/24) 0 97126 100000 0 0 0 0 0 3750 0 103750 97126 0 0 Susan Hodges RN NURSE PRACTITIONER 146605 0 0 0 0 0 11052 0 23595 0 181252 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 DURING THE CURRENT FISCAL YEAR, THERE HAVE BEEN NO CHANGES IN THE MANNER IN WHICH THE GOVERNING BODY IS ELECTED. 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 OTHER PROFESSIONAL SVCS - Total Expense: 1003611, Program Service Expense: 719823, Management and General Expenses: 283788, Fundraising Expenses: 0; BILLING SERVICES - Total Expense: 476070, Program Service Expense: 476070, Management and General Expenses: 0, Fundraising Expenses: 0; ADMINiSTRATIVE SERVICES - Total Expense: 4947, Program Service Expense: 3463, Management and General Expenses: 1484, Fundraising Expenses: 0; Form 990, Part XII, Line 2c FORM 990, PART XII, LINE 2C: 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