Physician Enterprise LLC
85% goes to programs $0 to raise $100 Thin reserves Growing revenue
Physician Enterprise LLC is a 501(c)(3) organization based in Annapolis, Maryland, registered in 2012, with $251,771,070 in FY2023 revenue. CharityIndex grades it C+, and it directs about 85% of spending to programs.
2000 Medical Pkwy Ste 606, Annapolis, MD, 21401 EIN 27-0263214 Since 2012
Revenue (FY2023)
$251.8M
▲ 11.2% vs prior year
Health median: $840K
Expenses (FY2023)
$284.5M
Net assets
-$96.6M
Employees
696
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating85% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Physician Enterprise LLC: 85% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Physician Enterprise LLC: 0 mo reserves · -13% margin earns a D on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Physician Enterprise LLC: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Physician Enterprise LLC: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To enhance the health of the people and communities we serve.the mission of physician enterprise, llc is to provide physician, diagnostic, and other health care services.
What they do
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.
Contact & location
- Address
- 2000 Medical Pkwy Ste 606, Annapolis, MD, 21401
- City
- Annapolis
- State
- Maryland
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $87.1M (FY2013) to $251.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $139.7MNet assets -$96.6M
Operating margin
-13.0%
Spent more than it raised in the latest fiscal year.
Total assets
$43.1M
Total liabilities
$139.7M
Net assets
-$96.6M
Salaries & benefits
$190.6M
67% of expenses
Board members
4
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $251,771,070▲11.2% | $284,489,098▲6.6% | -$96,586,620▼71.8% | $43,065,676▼7.8% | 990 |
| 2022 | $226,433,368▲0.3% | $266,808,656▲1.2% | -$56,211,332▼206% | $46,731,204▲1.2% | 990 |
| 2021 | $225,688,914▲11.3% | $263,519,389▲12.9% | -$18,380,857▼743% | $46,192,685▼22.8% | 990 |
| 2020 | $202,735,944▲13.3% | $233,404,356▲16.9% | $2,858,342▼33.7% | $59,821,495▲28.7% | 990 |
| 2019 | $178,945,425▲3.3% | $199,642,368▲7.5% | $4,311,842 | $46,488,758▲78.8% | 990 |
| 2018 | $173,158,550▲14.7% | $185,714,291▲11.4% | $4,311,842▼16.6% | $25,999,460▲1.1% | 990 |
| 2017 | $150,940,763▲10.0% | $166,755,416▲8.3% | $5,171,751▲0.9% | $25,711,858▲9.2% | 990 |
| 2016 | $137,257,729▲12.3% | $153,956,226▲14.6% | $5,127,959▲9.9% | $23,544,959▲142% | 990 |
| 2015 | $122,194,490▲11.4% | $134,364,828▲11.9% | $4,666,240▲223% | $9,748,515▲1.9% | 990 |
| 2014 | $109,706,140▲25.9% | $120,072,563▲26.8% | $1,444,832▲3.2% | $9,570,940▲10.7% | 990 |
| 2013 | $87,117,492 | $94,722,572▲14.6% | $1,399,355▲106% | $8,642,535▲27.5% | 990 |
| 2012 | — | $82,647,804▲17.1% | -$22,004,868▼40.5% | $6,776,337▲8.5% | 990 |
| 2011 | — | $70,587,339 | -$15,662,166 | $6,247,005 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Paul King Md — $1,581,867 (0.56% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Paul King Md | Physician | 40 | $1,581,867 |
| Benjamin Petre Md | Physician | 40 | $1,473,381 |
| Cyrus Lashgari | Physician | 40 | $1,331,857 |
| Chad Patton Md | Physician | 40 | $1,300,888 |
| Jeffrey Gelfand Md | Board Member | 40 | $1,285,336 |
| Alessandro Speciale | Physician | 40 | $1,202,565 |
| Mitchell Schwartz Md | Chair/president | 1 | $911,078 |
| Andrew P Mcglone | Board Member | 40 | $423,390 |
| Douglas Womer | Chief Financial Officer (part Year) | 1 | — |
| Kevin Smith | Chief Financial Officer (part Year) | 1 | — |
| Peter Odenwald | Board Member/lhce Coo (part Year) | 1 | — |
| Robert Reilly | Former Treasurer | 0 | — |
| Roxanne Leiba Lawrence | Board Member (part Year) | 1 | — |
| Sherry Perkins | Former Board Member/ Lhaam Pres | 0 | — |
| Stephanie Schnittger | Chief Financial Officer | 1 | — |
| Victoria W Bayless | Lh Ceo/former Officer/director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Jpc Nuclear Technologies Inc | Laboratory Services | $989,988 |
| Roundtable Strategic Solutions LLC | Staffing Services | $406,270 |
| Eclinicalworks LLC | Staffing Services | $312,237 |
| Greenbelt Trade Center LLC | Property Management | $304,580 |
| Village Office LLC | Property Management | $302,186 |
Grants received · $18.3M total
9 grants to Physician Enterprise LLC totaling $18.3M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Luminis Health Anne Arundel Medical Center Inc | To support operations of physician enterprise, llc | 2023 | $225,944 |
| Luminis Health Doctors Community Medical Center Inc | To support operations of physician enterprise, llc | 2023 | $204,055 |
| Luminis Health Anne Arundel Medical Center Inc | To support operations of physician enterprise, llc | 2022 | $222,014 |
| Luminis Health Anne Arundel Medical Center Inc | To support operations of physician enterprise, llc | 2021 | $374,835 |
| Luminis Health Anne Arundel Medical Center Inc | To support operations of physician enterprise, llc | 2020 | $388,881 |
| Luminis Health Anne Arundel Medical Center Inc | To support operations of physician enterprise, llc | 2019 | $427,732 |
| Luminis Health Anne Arundel Medical Center Inc | To support operations of physician enterprise, llc | 2018 | $126,855 |
| Luminis Health Inc | To support operating expenses of pe | 2018 | $82,879 |
| Luminis Health Anne Arundel Medical Center Inc | To support the operations of physician enterprise, llc | 2014 | $16,294,490 |
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Frequently asked questions
- Is Physician Enterprise LLC a legitimate nonprofit?
- Yes. Physician Enterprise LLC is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-0263214, based in Annapolis, Maryland. Donations are tax-deductible.
- What is Physician Enterprise LLC's EIN?
- Physician Enterprise LLC's Employer Identification Number (EIN) is 27-0263214.
- How much revenue does Physician Enterprise LLC report?
- Physician Enterprise LLC reported $251,771,070 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Physician Enterprise LLC's spending goes to programs?
- Physician Enterprise LLC spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Physician Enterprise LLC have?
- CharityIndex grades Physician Enterprise LLC C+, based on program efficiency and fundraising cost.
- How much does Physician Enterprise LLC's highest-paid employee make?
- The highest reported compensation on Physician Enterprise LLC's latest Form 990 is $1,581,867, paid to Paul King Md (Physician).
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Data for Physician Enterprise LLC (EIN 27-0263214) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.