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Physician Enterprise Llc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Health Treatment Facilities, Primarily Outpatient (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$226M (2023)

Expenses
$267M (2023)

Total Assets
$46.7M (2023)

Total Liabilities
$103M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$226,433,368
Expenses
$266,808,656
Net Income
-$40,375,288
Net Assets
-$56,211,332
Notable Sources of Revenue Percent of Total Revenue
Contributions $498,075
0.2%
Program Services $221,316,667
97.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,618,626
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,402,641
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $162,679,731
61.0%
Assets/Debt
Total Assets $46,731,204
Total Liabilities $102,942,536
Net Assets -$56,211,332
Compensation
Key Employees and Officers Compensation Related Other
Chad Patton Md (Physician) $1,309,690 $0 $39,936
Jeffrey Gelfand Md (Physician/Medical Director) $1,294,095 $0 $8,700
Benjamin Petre Md (Physician) $1,244,333 $0 $39,370
Paul King Md (Physician) $1,216,898 $0 $47,241
Leonid Selya (Physician) $1,170,934 $0 $46,089
Mitchell Schwartz Md (Chair/President) $967,579 $0 $37,232
Andrew P Mcglone (Board Member) $384,063 $0 $13,766
Kevin Smith (Chief Financial Officer Py Trustee) $0 $611,683 $91,736
Peter Odenwald (Board Member/Lhce Coo) $0 $524,742 $61,539
Roxanne Leiba Lawrence (Board Member) $0 $256,127 $31,587
Victoria W Bayless (Lh Ceo/Former Officer/Director) $0 $1,988,889 $290,314
Sherry Perkins (Former Board Member/ Lhaamc Pres) $0 $1,031,557 $68,615
Robert Reilly (Former Treasurer) $0 $467,093 $24,846

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$225,688,914
Expenses
$263,519,389
Net Income
-$37,830,475
Net Assets
-$18,380,857
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,768,944
1.2%
Program Services $219,591,428
97.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,328,542
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $158,432,684
60.1%
Assets/Debt
Total Assets $46,192,685
Total Liabilities $64,573,542
Net Assets -$18,380,857
Compensation
Key Employees and Officers Compensation Related Other
Benjamin Petre Md (Physician) $1,248,495 $0 $30,213
Jeffrey Gelfand Md (Physician/Medical Director) $1,245,894 $0 $19,500
Daniel Lee Md (Physician) $1,185,615 $0 $65,897
Paul King Md (Physician) $1,127,191 $0 $64,327
Chad Patton Md (Physician) $1,121,556 $0 $46,540
Victoria W Bayless (Luminis Health Ceo/Former Officer/Director) $0 $1,969,389 $248,052
Mitchell Schwartz Md (Chair/President) $0 $1,172,423 $28,082
Sherry Perkins (Former Board Member/ Lhaamc Pres) $0 $885,167 $47,403
Robert Reilly (Former Treasurer) $0 $777,169 $19,871
Kevin Smith (Chief Financial Officer) $0 $590,485 $45,260
Peter Odenwald (Board Member/Lhce Coo) $0 $534,682 $32,232
Barry Meisenberg Md (Former Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$202,735,944
Expenses
$233,404,356
Net Income
-$30,668,412
Net Assets
$2,858,342
Notable Sources of Revenue Percent of Total Revenue
Contributions $503,309
0.2%
Program Services $200,853,893
99.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,378,742
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $506,809
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $141,525,229
60.6%
Assets/Debt
Total Assets $59,821,495
Total Liabilities $56,963,153
Net Assets $2,858,342
Compensation
Key Employees and Officers Compensation Related Other
Jeffrey Gelfand Md (Medical Director Orthopedic Services) $1,018,079 $0 $8,550
Paul King Md (Physician) $1,001,690 $0 $45,066
Benjamin Petre Md (Physician) $999,042 $0 $37,778
Chad Patton Md (Physician) $950,701 $0 $31,136
Avedis Meneshian Md (Physician) $944,804 $0 $37,670
Peter Odenwald (Board Member) $472,073 $0 $34,737
Victoria W Bayless (Luminis Health Ceo/ Board Member Py Chair) $0 $1,955,497 $257,325
Mitchell Schwartz Md (Chair/President) $0 $814,474 $81,128
Robert Reilly (Vice Chair/Treasurer) $0 $785,541 $29,369
Sherry Perkins (Board Member) $0 $708,129 $50,051
Kevin Smith (Chief Financial Officer) $0 $86,542 $0
Stephen Clarke (Former Secretary/Treasurer) $0 $144,021 $27,642
Barry Meisenberg Md (Former Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$178,945,425
Expenses
$199,642,368
Net Income
-$20,696,943
Net Assets
$4,311,842
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,789,109
2.1%
Program Services $174,794,296
97.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $362,020
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $487,014
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $118,367,127
59.3%
Assets/Debt
Total Assets $46,488,758
Total Liabilities $42,176,916
Net Assets $4,311,842
Compensation
Key Employees and Officers Compensation Related Other
Paul King Md (Physician) $1,129,992 $0 $45,808
Jeffrey Gelfand Md (Medical Director Orthopedic Services) $1,027,016 $0 $8,250
Cyrus Lashgari Md (Physician) $1,019,797 $0 $31,692
Benjamin Petre Md (Physician) $978,791 $0 $38,931
James Macdonald Md (Physician) $974,257 $0 $41,041
Peter Odenwald (Board Member) $448,129 $0 $38,883
Victoria W Bayless (Chair, Ceo) $0 $2,033,908 $213,200
Mitchell Schwartz Md (Vice Chair, President) $0 $858,058 $89,524
Stephen Clarke (Secretary/Treasurer (Part Year)) $0 $423,145 $27,694
Maulik Joshi (Board Member (Part Year)) $0 $892,738 $69,098
Sherry Perkins (Board Member) $0 $0 $0
Robert Reilly (Cheif Financial Officer) $0 $781,763 $30,257
Patricia Czapp Md (Former Board Member) $0 $122,597 $0
Barry Meisenberg Md (Former Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$173,158,550
Expenses
$185,714,291
Net Income
-$12,555,741
Net Assets
$4,311,842
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,064,616
0.6%
Program Services $171,300,938
98.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $4,280
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $788,716
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $442,314
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $115,650,918
62.3%
Assets/Debt
Total Assets $25,999,460
Total Liabilities $21,687,618
Net Assets $4,311,842
Compensation
Key Employees and Officers Compensation Related Other
Paul King Md (Physician) $1,238,306 $0 $44,722
Cyrus Lashgari Md (Physician) $1,211,022 $0 $31,203
Benjamin Petre Md (Physician) $1,125,869 $0 $35,943
Jeffrey Gelfand Md (Medical Director Orthopedic Services) $1,120,892 $0 $8,250
Justin Hoover Md (Physician) $1,037,752 $0 $29,677
Peter Odenwald (Board Member) $419,138 $0 $23,177
Victoria W Bayless (Chair, President, Ceo) $0 $1,436,421 $211,696
Mitchell Schwartz Md (Vice Chair, President) $0 $731,201 $114,672
Stephen Clarke (Secretary, Treasurer) $0 $458,628 $30,199
Maulik Joshi (Board Member) $0 $746,604 $98,287
Robert Reilly (Chief Financial Officer) $0 $754,062 $40,416
Patricia Czapp Md (Former Board Member) $0 $471,147 $19,035
Barry Meisenberg Md (Former Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$150,940,763
Expenses
$166,755,416
Net Income
-$15,814,653
Net Assets
$5,171,751
Notable Sources of Revenue Percent of Total Revenue
Contributions $781,055
0.5%
Program Services $149,838,380
99.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $4,482
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $316,846
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $329,733
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $103,878,613
62.3%
Assets/Debt
Total Assets $25,711,858
Total Liabilities $20,540,107
Net Assets $5,171,751
Compensation
Key Employees and Officers Compensation Related Other
Paul King Md (Physician) $1,104,922 $0 $41,389
James Macdonald Md (Physician) $1,075,155 $0 $36,212
Jeffrey Gelfand Md (Medical Director Orthopedic Services) $1,047,845 $0 $6,750
Alessandro Speciale Md (Physician) $996,752 $0 $40,674
Cyrus Lashgari Md (Physician) $981,333 $0 $30,196
Peter Odenwald (Board Member) $308,401 $0 $21,332
Victoria W Bayless (Chair, President, Ceo) $0 $1,263,778 $194,332
Mitchell Schwartz Md (Vice Chair, President) $0 $608,498 $59,753
Stephen Clarke (Secretary, Treasurer) $0 $366,629 $36,009
Maulik Joshi (Board Member) $0 $680,198 $73,012
Patricia Czapp Md (Former Board Member) $0 $405,070 $22,013
Barry Meisenberg Md (Former Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$137,257,729
Expenses
$153,956,226
Net Income
-$16,698,497
Net Assets
$5,127,959
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,709,802
1.2%
Program Services $134,009,343
97.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $6,250
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,532,334
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $452,529
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $97,402,866
63.3%
Assets/Debt
Total Assets $23,544,959
Total Liabilities $18,417,000
Net Assets $5,127,959
Compensation
Key Employees and Officers Compensation Related Other
James Macdonald Md (Physician) $1,163,287 $0 $33,543
Paul King Md (Physician) $1,142,267 $0 $38,049
Cyrus Lashgari Md (Physician) $1,020,342 $0 $27,911
Peter Ove Md (Physician) $987,739 $0 $26,742
Benjamin Petre Md (Physician) $982,706 $0 $30,893
Stephen Clarke (Secretary, Treasurer) $416,491 $0 $36,037
Victoria W Bayless (Chair, President, Ceo) $0 $1,275,155 $190,036
Mitchell Schwartz Md (Vice Chair, President) $0 $723,249 $57,230
Patricia Czapp Md (Board Member) $0 $431,064 $22,993
Barry Meisenberg Md (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$122,194,490
Expenses
$134,364,828
Net Income
-$12,170,338
Net Assets
$4,666,240
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,069,249
0.9%
Program Services $119,099,421
97.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $8,866
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,016,954
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $407,137
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $86,333,191
64.3%
Assets/Debt
Total Assets $9,748,515
Total Liabilities $5,082,275
Net Assets $4,666,240
Compensation
Key Employees and Officers Compensation Related Other
Paul King Md (Physician) $1,186,799 $0 $38,082
James Macdonald Md (Physician) $1,141,069 $0 $31,313
Cyrus Lashgari Md (Physician) $971,381 $0 $27,704
Alessandro Speciale Md (Physician) $924,615 $0 $38,935
Daniel Redziniak Md (Physician) $921,340 $0 $33,506
Stephen Clarke (Secretary, Treasurer) $373,320 $0 $33,818
Victoria W Bayless (Chair, President, Ceo) $0 $1,122,147 $174,997
Mitchell Schwartz Md (Vice Chair, President) $0 $664,058 $60,476
Patricia Czapp Md (Board Member) $0 $488,345 $22,105
Barry Meisenberg Md (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$109,706,140
Expenses
$120,072,563
Net Income
-$10,366,423
Net Assets
$1,444,832
Notable Sources of Revenue Percent of Total Revenue
Contributions $17,379,207
15.8%
Program Services $90,436,741
82.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $5,515
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,884,677
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $404,678
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $77,196,557
64.3%
Assets/Debt
Total Assets $9,570,940
Total Liabilities $8,126,108
Net Assets $1,444,832
Compensation
Key Employees and Officers Compensation Related Other
James Macdonald Md (Physician) $1,027,515 $0 $30,167
Alessandro Speciale Md (Physician) $941,822 $0 $37,763
Cyrus Lashgari Md (Physician) $908,300 $0 $26,857
Peter Ove Md (Physician) $886,287 $0 $20,949
Daniel Redziniak Md (Physician) $843,975 $0 $32,014
Stephen Clarke (Secretary, Treasurer) $371,442 $0 $33,236
Victoria W Bayless (Chair, President, Ceo) $0 $1,112,163 $181,261
Mitchell Schwartz Md (Vice Chair, President) $0 $794,763 $79,874
Patricia Czapp Md (Board Member) $0 $427,268 $22,923
Barry Meisenberg Md (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$87,117,492
Expenses
$94,722,572
Net Income
-$7,605,080
Net Assets
$1,399,355
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,160,871
12.8%
Program Services $74,527,389
85.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$32,547
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,461,779
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $361,250
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $63,557,884
67.1%
Assets/Debt
Total Assets $8,642,535
Total Liabilities $7,243,180
Net Assets $1,399,355
Compensation
Key Employees and Officers Compensation Related Other
James Macdonald Md (Physician) $856,659 $0 $27,004
Alessandro Speciale Md (Physician) $842,028 $0 $32,836
Peter Ove Md (Physician) $830,334 $0 $19,816
Cyrus Lashgari Md (Physician) $822,049 $0 $24,047
Robert Verklin Jr Md (Physician) $802,340 $0 $33,951
Stephen Clarke (Secretary, Treasurer) $332,189 $0 $29,062
Victoria W Bayless (Chair, President, Ceo) $0 $1,032,495 $147,160
Mitchell Schwartz Md (Vice Chair, President) $0 $600,459 $54,287
Patricia Czapp Md (Board Member) $0 $359,759 $17,851
Barry Meisenberg Md (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$76,305,102
Expenses
$82,647,804
Net Income
-$6,342,702
Net Assets
-$22,004,868
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,234,985
14.7%
Program Services $63,548,109
83.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$4,119
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,526,127
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,521,037
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $54,132,456
65.5%
Assets/Debt
Total Assets $6,776,337
Total Liabilities $28,781,205
Net Assets -$22,004,868

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$67,593,895
Expenses
$70,587,339
Net Income
-$2,993,444
Net Assets
-$15,662,166
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,952,751
16.2%
Program Services $56,004,562
82.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$8,247
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $644,829
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,474,797
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $44,166,111
62.6%
Assets/Debt
Total Assets $6,247,005
Total Liabilities $21,909,171
Net Assets -$15,662,166

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$54,566,683
Expenses
$61,768,939
Net Income
-$7,202,256
Net Assets
-$12,668,722
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,969,376
12.8%
Program Services $47,203,370
86.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$7,860
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $401,797
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,201,941
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $40,687,510
65.9%
Assets/Debt
Total Assets $5,288,993
Total Liabilities $17,957,715
Net Assets -$12,668,722

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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Types of Nonprofits

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