Physical Medicine Specialist Inc

Jacksonville, FL
Tax-exempt since Dec. 1998
EIN: 59-3530305

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Type of Nonprofit

Designated as a 501(c)(3) 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 / Rehabilitative Medical Services (NTEE)

Donations to this organization are tax deductible.

Revenue

$8.85M (2022)

Expenses

$11.5M (2022)

Total Assets

$2.16M (2022)

Total Liabilities

$12.3M (2022)

Source: Form 990 tax filings from 2011 to 2022

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 Dec.
2022

Revenue

$8,850,359

Expenses

$11,473,222

Net Income

-$2,622,863

Net Assets

-$10,112,163

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$8,742,139	98.8%
Investment Income	$81,402	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$26,818	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$892,959	7.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,518,723	56.8%

Assets/Debt
Total Assets	$2,164,853
Total Liabilities	$12,277,016
Net Assets	-$10,112,163

Compensation

Key Employees and Officers	Compensation	Related	Other
Howard Weiss Md (Medical Director)	$499,145	$0	$48,568
Jorge Perez Lopez Md (Physiatrist)	$430,067	$0	$37,381
Geneva Tunuzi Md (Physiatrist)	$404,623	$0	$21,000
Kenneth Ngo Md (Director Medical Program)	$393,814	$0	$44,471
Parag Shah Md (Physiatrist)	$363,272	$0	$53,421
Cassandra List Md (Physiatrist)	$279,510	$0	$30,014
Ivy Garcia Md (Physiatrist)	$279,039	$0	$19,416
Douglas M Baer (Chairman/Ceo)	$0	$2,402,243	$64,171
Eric Mann (Board Member)	$0	$29,700	$0
Trevor Paris Md (Vice President/Med. Direct)	$0	$564,208	$51,871
Bruce Johnson (Board Member)	$0	$46,500	$0
Howard Serkin (Board Member)	$0	$38,400	$0
Daniel R Curran (Secretary/Cfo)	$0	$438,079	$19,155
J Britton Tabor (Secretary/Cfo)	$0	$400,344	$7,624

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990

Filed on June 13, 2024

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Fiscal Year Ending Dec.
2021

Revenue

$8,226,231

Expenses

$10,416,062

Net Income

-$2,189,831

Net Assets

-$7,487,284

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$207,977	2.5%
Program Services	$7,887,125	95.9%
Investment Income	$74,491	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$56,638	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,075,670	10.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,950,474	57.1%

Assets/Debt
Total Assets	$2,007,904
Total Liabilities	$9,495,188
Net Assets	-$7,487,284

Compensation

Key Employees and Officers	Compensation	Related	Other
Howard Weiss Md (Medical Director)	$590,302	$0	$37,281
Kenneth Ngo Md (Medical Director)	$485,368	$0	$44,127
Jorge Perez Lopez Md (Physiatrist)	$401,381	$0	$36,242
Geneva Tunuzi Md (Physiatrist)	$337,294	$0	$33,292
Parag Shah Md (Physiatrist)	$335,703	$0	$35,169
Jantzen Fowler Md (Physiatrist)	$204,291	$0	$27,013
Mehgan Cochrane Md (Physiatrist)	$171,632	$0	$19,827
Douglas M Baer (Chairman/Ceo)	$0	$1,918,588	$52,820
Daniel R Curran (Secretary/Cfo)	$0	$325,058	$42,960
Trevor Paris Md (Vice President/Med. Direct)	$0	$393,499	$50,410
Bruce Johnson (Board Member)	$0	$46,500	$0
Howard Serkin (Board Member)	$0	$34,500	$0

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990

Filed on June 13, 2024

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Fiscal Year Ending Dec.
2020

Revenue

$7,641,138

Expenses

$9,281,327

Net Income

-$1,640,189

Net Assets

-$5,297,453

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$280,412	3.7%
Program Services	$7,204,210	94.3%
Investment Income	$92,801	1.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$63,715	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,409,643	15.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,162,745	55.6%

Assets/Debt
Total Assets	$2,312,672
Total Liabilities	$7,610,125
Net Assets	-$5,297,453

Compensation

Key Employees and Officers	Compensation	Related	Other
Howard Weiss Md (Medical Director)	$651,125	$0	$27,563
Kenneth Ngo Md (Medical Director)	$503,997	$0	$35,671
Jorge Perez Lopez Md (Physiatrist)	$496,933	$0	$26,536
Parag Shah Md (Physiatrist)	$432,571	$0	$35,076
Geneva Tunuzi Md (Physiatrist)	$385,590	$0	$24,305
Mehgan Cochrane Md (Physiatrist)	$346,431	$0	$16,240
Jantzen Fowler Md (Physiatrist)	$265,698	$0	$25,309
Trevor Paris Md (Vice President/Med. Direct)	$221,509	$338,917	$30,916
Douglas M Baer (Chairman/Ceo)	$0	$955,867	$451,456
Michael Spigel (President/Coo)	$0	$448,535	$16,010
Daniel R Curran (Secretary/Cfo)	$0	$522,690	$28,473
Bruce Johnson (Board Member)	$0	$44,400	$0
Howard Serkin (Board Member)	$0	$30,600	$0

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990

Filed on Nov. 9, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$7,505,491

Expenses

$8,903,243

Net Income

-$1,397,752

Net Assets

-$3,657,264

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$7,310,741	97.4%
Investment Income	$151,563	2.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$43,187	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$413,162	4.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,869,536	65.9%

Assets/Debt
Total Assets	$3,048,240
Total Liabilities	$6,705,504
Net Assets	-$3,657,264

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Revenue

$7,444,952

Expenses

$8,645,389

Net Income

-$1,200,437

Net Assets

-$2,259,512

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$7,292,410	98.0%
Investment Income	$132,542	1.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$20,000	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$426,225	4.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,613,292	64.9%

Assets/Debt
Total Assets	$1,385,246
Total Liabilities	$3,644,758
Net Assets	-$2,259,512

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$6,981,391

Expenses

$7,776,371

Net Income

-$794,980

Net Assets

-$1,059,075

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$6,848,375	98.1%
Investment Income	$133,016	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$479,703	6.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,070,404	65.2%

Assets/Debt
Total Assets	$1,544,357
Total Liabilities	$2,603,432
Net Assets	-$1,059,075

Compensation

Key Employees and Officers	Compensation	Related	Other
Howard Weiss Md (Medical Director)	$696,928	$0	$23,786
Kenneth Ngo Md (Medical Director)	$488,951	$0	$23,887
Trevor Paris Md (Vice President/Physiatrist)	$464,988	$0	$14,715
Geneva Jacobs (Medical Director)	$461,930	$0	$14,520
Jorge Perez Lopez Md (Physiatrist)	$351,981	$0	$20,537
Carolyn Geis Md (Medical Director)	$305,328	$0	$1,142
Douglas M Baer (Chairman/Ceo)	$0	$732,961	$205,040
Michael Spigel (President/Coo)	$0	$538,153	$165,568
Daniel R Curran (Secretary/Cfo)	$0	$320,492	$23,708
Bruce Johnson (Board Member)	$0	$46,500	$0
Howard Serkin (Board Member)	$0	$32,100	$0

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990

Filed on Nov. 9, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$5,981,725

Expenses

$6,679,757

Net Income

-$698,032

Net Assets

-$264,095

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,830,388	97.5%
Investment Income	$120,810	2.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$30,527	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$456,814	6.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,180,312	62.6%

Assets/Debt
Total Assets	$1,133,969
Total Liabilities	$1,398,064
Net Assets	-$264,095

Compensation

Key Employees and Officers	Compensation	Related	Other
Howard Weiss Md (Medical Director)	$627,987	$0	$17,758
Kenneth Ngo Md (Medical Director)	$511,959	$0	$17,392
Geneva Jacobs (Medical Director)	$457,642	$0	$15,582
Trevor Paris Md (Vice President/Physiatrist)	$441,429	$0	$15,385
Jorge Perez Lopez Md (Physiatrist)	$423,248	$0	$14,506
Carolyn Geis Md (Medical Director)	$379,303	$0	$8,719
Douglas M Baer (Chairman/Ceo)	$0	$736,929	$203,543
Michael Spigel (President/Coo)	$0	$513,575	$165,665
Bruce Johnson (Board Member)	$0	$44,400	$0
Howard Serkin (Board Member)	$0	$31,200	$0
Daniel R Curran (Cfo)	$0	$269,244	$341
James Hardison (Vp Controller (Thru Feb))	$0	$160,674	$16,113

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990

Filed on Nov. 13, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$5,905,173

Expenses

$6,665,776

Net Income

-$760,603

Net Assets

$433,937

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,779,225	97.9%
Investment Income	$101,043	1.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$24,905	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$370,740	5.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,792,861	56.9%

Assets/Debt
Total Assets	$1,245,167
Total Liabilities	$811,230
Net Assets	$433,937

Compensation

Key Employees and Officers	Compensation	Related	Other
Howard Weiss Md (Program Director)	$647,238	$0	$22,902
Kenneth Ngo Md (Program Director)	$397,938	$0	$16,346
Trevor Paris Md (Vice President)	$353,211	$0	$17,532
Jorge Perez Lopez Md (Program Director)	$339,589	$0	$19,272
Carolyn Geis Md (Program Director)	$313,670	$0	$1,380
Geneva Jacobs (Program Director)	$258,662	$0	$13,809
Douglas M Baer (Chairman)	$0	$643,479	$23,278
Michael Spigel (President/Coo)	$0	$457,412	$19,611
Gary W Sneed (Board Member)	$0	$36,363	$0
Bruce Johnson (Board Member)	$0	$31,908	$0
Howard Serkin (Board Member)	$0	$30,000	$0
James Hardison (Vp Controller)	$0	$174,598	$13,267

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990

Filed on Nov. 9, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$5,338,848

Expenses

$5,566,333

Net Income

-$227,485

Net Assets

$1,194,540

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,248,861	98.3%
Investment Income	$89,987	1.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$330,524	5.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,029,872	54.4%

Assets/Debt
Total Assets	$1,671,911
Total Liabilities	$477,371
Net Assets	$1,194,540

Compensation

Key Employees and Officers	Compensation	Related	Other
Howard Weiss Md (Program Director)	$445,897	$0	$36,398
Trevor Paris Md (Vice President)	$320,003	$0	$39,598
Kenneth Ngo Md (Program Director)	$303,660	$0	$37,594
Carolyn Geis Md (Program Director)	$251,583	$0	$10,062
Jorge Perez Lopez Md (Program Director)	$231,888	$0	$21,236
Gloria Hou Md (Program Director)	$227,421	$0	$35,126
Douglas M Baer (Chairman)	$0	$539,064	$148,137
Michael Spigel (President/Coo)	$0	$418,492	$110,710
Gary W Sneed (Board Member)	$0	$35,388	$0
James Hardison (Vp Controller)	$0	$143,272	$26,806

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990

Filed on Aug. 31, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$4,216,148

Expenses

$4,421,006

Net Income

-$204,858

Net Assets

$1,422,025

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,121,656	97.8%
Investment Income	$87,723	2.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$625
Net Inventory Sales	$0
Other Revenue	$7,394	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$381,498	8.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,183,803	49.4%

Assets/Debt
Total Assets	$1,920,863
Total Liabilities	$498,838
Net Assets	$1,422,025

Compensation

Key Employees and Officers	Compensation	Related	Other
Howard Weiss Md (Program Director)	$337,768	$0	$31,520
Trevor Paris Md (Vice President)	$332,882	$0	$48,616
Kenneth Ngo Md (Program Director)	$304,962	$0	$24,408
Jeffrey Johns Md (Program Director)	$215,449	$0	$23,085
Gloria Hou Md (Program Director)	$205,267	$0	$16,378
Amy Grobstick (Program Director)	$118,061	$0	$9,474
Douglas M Baer (Chairman)	$0	$481,112	$77,349
Michael Spigel (President)	$0	$377,634	$49,418
Michael Durr (Secretary/ Treasurer)	$0	$232,229	$14,755
Gary W Sneed (Board Member)	$0	$35,917	$0

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990

Filed on Nov. 3, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$3,412,554

Expenses

$3,081,836

Net Income

$330,718

Net Assets

$1,626,883

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,866,158	84.0%
Investment Income	$526,909	15.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$19,487	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$330,596	10.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,449,101	47.0%

Assets/Debt
Total Assets	$2,211,761
Total Liabilities	$584,878
Net Assets	$1,626,883

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$2,300,215

Expenses

$2,266,538

Net Income

$33,677

Net Assets

$1,296,165

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,832,493	79.7%
Investment Income	$440,364	19.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$27,358	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$326,642	14.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$885,434	39.1%

Assets/Debt
Total Assets	$1,585,987
Total Liabilities	$289,822
Net Assets	$1,296,165

990

Fiscal Year Ending Dec.
2001

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

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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.

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Types of Nonprofits

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Updated December 20, 2024

Physical Medicine Specialist Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $8.85M (2022)

Expenses $11.5M (2022)

Total Assets $2.16M (2022)

Total Liabilities $12.3M (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Revenue

$8.85M (2022)

Expenses

$11.5M (2022)

Total Assets

$2.16M (2022)

Total Liabilities

$12.3M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001