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Physician Enterprise Llc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 270263214 ✦ Annapolis, MD ✦ Designated as a 501(c)(3)

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Overview

What is Physician Enterprise Llc?

Physician Enterprise Llc is a nonprofit healthcare organization based in Annapolis, Maryland, with a workforce of 702 individuals. Their primary mission is to offer physician, diagnostic, and therapeutic healthcare services through orthopedic surgery, physical therapy, and orthotics. Established to further the exempt purposes of Luminis Health, Inc., they provide essential medical care that contributes to the overall wellbeing of their community.


Official website here: www.luminishealth.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

Physician Enterprise LLC has received a Two-Star out of Four Star rating from Charity Navigator, indicating that there are areas needing considerable improvement. With an overall score of 66%, the organization demonstrates strengths in areas such as financial oversight, with a perfect score for its audit and oversight committee and a commendable program expense ratio of 84.91%. This suggests that a significant portion of its expenditures goes towards its programs rather than administrative costs.

However, the organization faces significant challenges regarding governance, notably the complete absence of independent board members. This lack of independent oversight is a critical concern, as it raises questions about accountability and potential conflicts of interest. Additionally, the organization has received a poor score for its liabilities to assets ratio, indicating potential financial risk.

While Physician Enterprise LLC has effective policies in place, such as conflict of interest and whistleblower protections, it has fallen short in transparency by not posting its tax forms on its website. Overall, the organization has strengths in program efficiency but must address governance and transparency issues to improve its standing.


This AI summary has been generated from information found on Charity Navigator.

Is Physician Enterprise Llc legitimate?

Physician Enterprise Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Physician Enterprise Llc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,402,641
Professional Fundraising Fees: $0
Other Salaries and Wages: $162,679,731

For more financial information, click here


Official website here: www.luminishealth.org

What is the mission statement of Physician Enterprise Llc?

Physician Enterprise Llc is a non-profit organization dedicated to providing physician, diagnostic, therapeutic, and other healthcare services. This mission aligns with the exempt purposes of Luminis Health, Inc., with a focus on enhancing overall health and wellbeing. The scope of services offered by Physician Enterprise encompasses orthopedics, which includes orthopedic surgery, physical therapy, and orthotics. By providing these services, the organization aims to contribute positively to the healthcare sector and improve the health conditions of individuals in need.


Official website here: www.luminishealth.org

Who is the CEO of Physician Enterprise Llc?

Victoria W Bayless is the CEO of Physician Enterprise Llc The CEO's salary of Physician Enterprise Llc is $0 and their total compensation is $2,279,203.


Official website here: www.luminishealth.org

What is the revenue of Physician Enterprise Llc?

Physician Enterprise Llc's revenue in 2023 was $226,433,368.


Official website here: www.luminishealth.org

Who are the executives of Physician Enterprise Llc and what are their salaries?

The average compensation at Physician Enterprise Llc during 2023 was $237,801. There are 690 employees at Physician Enterprise Llc.

Here are 13 key members and their salaries (Physician Enterprise Llc's CEO's salary is $0 and their total compensation is $2,279,203):


Mitchell Schwartz Md (Chair/President)
  • Compensation: $967,579
  • Related: $0
  • Other: $37,232
Kevin Smith (Chief Financial Officer Py Trustee)
  • Compensation: $0
  • Related: $611,683
  • Other: $91,736
Peter Odenwald (Board Member/Lhce Coo)
  • Compensation: $0
  • Related: $524,742
  • Other: $61,539
Andrew P Mcglone (Board Member)
  • Compensation: $384,063
  • Related: $0
  • Other: $13,766
Roxanne Leiba Lawrence (Board Member)
  • Compensation: $0
  • Related: $256,127
  • Other: $31,587
Chad Patton Md (Physician)
  • Compensation: $1,309,690
  • Related: $0
  • Other: $39,936
Jeffrey Gelfand Md (Physician/Medical Director)
  • Compensation: $1,294,095
  • Related: $0
  • Other: $8,700
Benjamin Petre Md (Physician)
  • Compensation: $1,244,333
  • Related: $0
  • Other: $39,370
Paul King Md (Physician)
  • Compensation: $1,216,898
  • Related: $0
  • Other: $47,241
Leonid Selya (Physician)
  • Compensation: $1,170,934
  • Related: $0
  • Other: $46,089
Victoria W Bayless (Lh Ceo/Former Officer/Director)
  • Compensation: $0
  • Related: $1,988,889
  • Other: $290,314
Sherry Perkins (Former Board Member/ Lhaamc Pres)
  • Compensation: $0
  • Related: $1,031,557
  • Other: $68,615
Robert Reilly (Former Treasurer)
  • Compensation: $0
  • Related: $467,093
  • Other: $24,846


Official website here: www.luminishealth.org

Where can I find the form 990 for Physician Enterprise Llc?

Physician Enterprise Llc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.luminishealth.org

Learn more at the official website: www.luminishealth.org

Mission Statement of Physician Enterprise Llc

Physician Enterprise Llc, a non-profit organization, is dedicated to delivering physician, diagnostic, therapeutic, and other essential health care services. In alignment with the exempt purposes of Luminis Health, Inc., this entity contributes significantly to the healthcare sector.

Specifically, Physician Enterprise Llc specializes in orthopedic services, providing a range of treatments from orthopedic surgery and physical therapy to orthotics. This non-profit is committed to enhancing the overall well-being of patients by addressing their orthopedic needs effectively. Their team of healthcare professionals collaborates to provide comprehensive solutions, ensuring each patient receives the care they require to improve their quality of life. Through their expertise and dedication, Physician Enterprise Llc stands at the forefront of advancing the orthopedic health of those in need.

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Impact




August, 2024

Physician Enterprise Llc's impact is significant in the healthcare sector, particularly in the field of orthopedics. By providing orthopedic surgery, physical therapy, and orthotics services, the organization plays a crucial role in improving the quality of life for individuals dealing with musculoskeletal issues. Located in Annapolis, MD, Physician Enterprise Llc contributes to the overall mission of advancing healthcare services in the community. Through its nonprofit status, the organization aligns its activities with the exempt purposes of Luminis Health, Inc. (formerly known as Anne Arundel Health System, Inc.), furthering the goal of enhancing health outcomes and wellness. The services provided by Physician Enterprise Llc have a positive impact on the health and well-being of individuals in the area, making it a valuable asset in the healthcare landscape.




This information is meant to be a general summary of Physician Enterprise Llc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$226,433,368 (2023)
Expenses
$266,808,656 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $221,316,667
  • Gross Receipts: $226,433,368

Assets and Liabilities:

  • Total Assets: $46,192,685
  • Total Liabilities: $64,573,542
  • Net Assets: -$18,380,857

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PATIENT REVENUE

Revenue

$177,837,035

HOSPITAL SERVICE REVENUE

Revenue

$39,080,380

MANAGEMENT SERVICES

Revenue

$2,682,194

DIRECTORSHIP

Revenue

$1,717,058

Organization Details

Founding Year

2009

Principal Officer

Mitchell Schwartz

NTEE Category

Code: E30 - Health

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