Civic Intelligence

University of Maryland Oncology Associates Pa

EIN 52-1949649 • 501(c)3 • Baltimore, MD

Profile

Under the medical service plan of the university of maryland, school of medicine, medical services are rendered by members of the faculty in connection with their duties to provide clinical instruction for medical students and other trainees (including post-graduate students) and to deliver healthcare to the general public and, without charge, to the indigent on behalf of the school of medicine.

22 SOUTH GREENE STREET Suite N9E10Baltimore, MD 21201

www.fpi.umaryland.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.09x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

0.87x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

65th percentile

12%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

70th percentile

$185,094

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

91st percentile

47%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

59th percentile

12%

Faster revenue growth than 59% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,830,489

Up $1,554,018 (+47%) from 2023

Liabilities

Up

$5,270,179

Up $810,090 (+18%) from 2023

Net Assets

Up

-$439,690

Up $743,928 (+63%) from 2023

Revenue

Up

$6,068,166

Up $665,844 (+12%) from 2023

Expenses

Up

$5,324,238

Up $713,117 (+15%) from 2023

Net Income

Down

$743,928

Down $47,273 (-6.0%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $1,337,768Liabilities 2010: $1,601,980Net Assets 2010: -$264,2122010Assets 2011: $1,561,159Liabilities 2011: $2,586,138Net Assets 2011: -$1,024,9792011Assets 2012: $1,502,608Liabilities 2012: $2,590,117Net Assets 2012: -$1,087,5092012Assets 2013: $1,644,577Liabilities 2013: $2,550,582Net Assets 2013: -$906,0052013Assets 2014: $745,904Liabilities 2014: $815,730Net Assets 2014: -$69,8262014Assets 2015: $703,499Liabilities 2015: $701,996Net Assets 2015: $1,5032015Assets 2016: $865,213Liabilities 2016: $783,543Net Assets 2016: $81,6702016Assets 2017: $1,449,985Liabilities 2017: $1,417,729Net Assets 2017: $32,2562017Assets 2018: $1,643,501Liabilities 2018: $1,639,108Net Assets 2018: $4,3932018Assets 2019: $1,270,128Liabilities 2019: $1,420,058Net Assets 2019: -$149,9302019Assets 2020: $1,979,856Liabilities 2020: $2,466,181Net Assets 2020: -$486,3252020Assets 2021: $2,404,871Liabilities 2021: $3,145,368Net Assets 2021: -$740,4972021Assets 2022: $3,174,565Liabilities 2022: $5,149,396Net Assets 2022: -$1,974,8312022Assets 2023: $3,276,471Liabilities 2023: $4,460,089Net Assets 2023: -$1,183,6182023Assets 2024: $4,830,489Liabilities 2024: $5,270,179Net Assets 2024: -$439,6902024

Highlighted filing

2024

Assets$4,830,489
Liabilities$5,270,179
Net Assets-$439,690

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $10,663,1512010Expenses 2011: $10,665,0702011Revenue 2012: $10,462,606Expenses 2012: $10,525,136Net Income 2012: -$62,5302012Expenses 2013: $10,882,5962013Revenue 2014: $8,057,676Expenses 2014: $7,221,497Net Income 2014: $836,1792014Revenue 2015: $4,381,637Expenses 2015: $4,310,308Net Income 2015: $71,3292015Revenue 2016: $4,064,871Expenses 2016: $3,984,704Net Income 2016: $80,1672016Revenue 2017: $4,492,176Expenses 2017: $4,541,590Net Income 2017: -$49,4142017Revenue 2018: $4,744,304Expenses 2018: $4,772,167Net Income 2018: -$27,8632018Revenue 2019: $4,780,659Expenses 2019: $4,934,982Net Income 2019: -$154,3232019Revenue 2020: $4,545,398Expenses 2020: $4,881,793Net Income 2020: -$336,3952020Revenue 2021: $5,598,327Expenses 2021: $5,852,499Net Income 2021: -$254,1722021Revenue 2022: $5,582,044Expenses 2022: $6,816,366Net Income 2022: -$1,234,3222022Revenue 2023: $5,402,322Expenses 2023: $4,611,121Net Income 2023: $791,2012023Revenue 2024: $6,068,166Expenses 2024: $5,324,238Net Income 2024: $743,9282024

Highlighted filing

2024

Revenue$6,068,166
Expenses$5,324,238
Net Income$743,928

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.83$5.27$0.44$6.07$5.32$0.74
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.28$4.46$1.18$5.40$4.61$0.79
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.17$5.15$1.97$5.58$6.82$1.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.40$3.15$0.74$5.60$5.85$0.25
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$2.47$0.49$4.55$4.88$0.34
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$1.42$0.15$4.78$4.93$0.15
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$1.64$0.00$4.74$4.77$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$1.42$0.03$4.49$4.54$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.78$0.08$4.06$3.98$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.70$0.70$0.00$4.38$4.31$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.75$0.82$0.07$8.06$7.22$0.84
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$2.55$0.91$10.9
2012Summary only. Only limited summary data is available for this year.$1.50$2.59$1.09$10.5$10.5$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$2.59$1.02$10.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$1.60$0.26$10.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$6,068,166
Mission and Program Overview

Mission

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.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,337,794$3,766,664▲ $1,428,870
Accounts Receivable$662,557$883,701▲ $221,144
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Cash and Non-Interest-Bearing Accounts$-107,056$-178,166▼ $71,110
Total Assets$3,276,471$4,830,489▲ $1,554,018
Other Assets Total$383,176$358,290▼ $24,886
Liabilities
Accounts Payable and Accrued Expenses$2,459,062$3,176,577▲ $717,515
Other Liabilities$1,794,126$1,839,632▲ $45,506
Deferred Revenue$206,901$253,970▲ $47,069
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,460,089$5,270,179▲ $810,090
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-1,183,618$-439,690▲ $743,928
Total Net Assets Fund Balance$-1,183,618$-439,690▲ $743,928
Total Liabilities and Net Assets / Fund Balance$3,276,471$4,830,489▲ $1,554,018

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$358,290--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan a Hodges RnNurse PractitionerFT$142,177$42,917$185,094
Kevin J Cullen MdPresident (thru 1/24)PT$76,750$34,512$111,262
Aaron P Rapoport MdVice PresidentPT-$105,398$105,398
Vu H Duong MdDirectorPT-$78,921$78,921
Nicholas JaidarSecretary/treasurer--$77,958$77,958
Maria R Baer MdDirectorPT$10,363$37,124$47,487
Paula Y Rosenblatt MdDirectorFT$6,750$13,121$19,871

Board Members and Trustees

NameTitle
Taofeek OwonikokoPresident (as of 1/24)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,904,597
Investment Income
$163,569
Other Revenue
$0
Change in Net Assets
$743,928

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,068,166
Revenue Not Reported on Form 990
$-45,956
Total Revenue per Audited Statements
$6,022,210
Total Revenue per Form 990
$6,068,166
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,611,313
Salaries, Compensation, and Employee Benefits$712,925
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,064,184$265,012$0$1,329,196
Payments to Affiliates$692,842--$692,842
Other Salaries and Wages$413,630$-4,360-$409,270
Insurance$344,830$15,970-$360,800
Information Technology$126,400--$126,400
Other Employee Benefits$124,973$1,356-$126,329
Current Officers, Directors, Trustees, and Key Employees$123,024--$123,024
Fees for Services Accounting-$76,446-$76,446
Pension Plan Contributions$29,873--$29,873
Conferences and Meetings$20,335$6,011-$26,346
Payroll Taxes$25,199$-770-$24,429
Other Expenses$13,403$6,045-$19,448
Advertising$10,717$4,593-$15,310
Office Expenses-$4,356-$4,356
Occupancy$686$294-$980
Travel$20$9-$29
Total Functional Expenses$4,888,120$436,118$0$5,324,238

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,324,238
Total Expenses per Audited Statements$5,278,282
Expenses per Audited Statements$5,263,082
Expenses Not Reported on Financial Statements$61,156
Other Expense Adjustments$61,156
Expenses Not Reported on Form 990$15,200
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Departmental Development Fund$1,640,756
Medical School Enrichment Fund$113,029
Due to Related Parties$52,315
Medical Service Plan Trust Fund$33,532
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 6:

The entity is a maryland corporation whose stockholders are physicians and members of the governing body.

FORM 990, PART VI, SECTION B, LINE 7A:

During the current fiscal year, there have been no changes in the manner in which the governing body is elected.

FORM 990, PART VI, SECTION B, LINE 11B:

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, SECTION B, LINE 12C:

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, SECTION B, LINE 15:

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, SECTION C, LINE 19:

The organization makes its governing documents, conflicts of interest policy and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
University of Maryland Oncology
EIN
52-1949649
In Care Of
% JACQUELINE FARRELL CFO
Phone
4103286222
Address
22 SOUTH GREENE STREET Suite N9E10, BALTIMORE, MD 21201

Signing Officer

Name
Taofeek K Owonikoko MD PHD
Title
President
Phone
4103286222
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Taofeek K Owonikoko MD PHD
Formed
1995
Legal Domicile
Md
Voting Board Members
5
Independent Board Members
1
Employees
6
Volunteers
0

Preparer

Firm
Bdo USA
Address
8401 GREENSBORO DRIVE 800, MCLEAN, VA 22102
Preparer
Todd Teresco
Phone
7038930600
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1:

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.

Form 990, Part XII, Line 2C:

The process for selecting the auditors has not changed from the preceding year.

Form 990 Part IX Line 11G

Description:other professional svcs total fees:927694

Form 990 Part IX Line 11G

Description:billing services total fees:397666

Form 990 Part IX Line 11G

Description:adminstrative services total fees:3836

Financial Statement Notes

SCHEDULE D, PART X, LINE 2:

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, 2024 and 2023. 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, 2024 and 2023. The association believes it is no longer subject to income tax examinations for years prior to 2020.

SCHEDULE D, PART XI, LINE 2D:

Bad debt expense -$61,156

SCHEDULE D, PART XII, LINE 4B:

BAD DEBT EXPENSE $61,156

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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