Capital Medical Group
Legal name: Medical Faculty Associates Inc
Nonprofit profile at a glance
- EIN
- 522220700
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Washington, DC, United States
- Phone
- 202-741-3000
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Health Treatment Facilities, Primarily Outpatient
Reported finances
- Revenue
- $418,593,481
- Expenses
- $518,926,874
- Assets
- $274,408,056
- Liabilities
- $718,616,270
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- BILL ELLIOTT (CEO - EX OFFICIO)
- LAQUANDRA NESBITT MD (PRESIDENT-APPOINTED TRUSTEE)
Highest reported compensation
- BARBARA BASS MD (EX OFFICIO TRUSTEE): $1,501,840 total reported compensation
- STEVEN BOYCE MD (PHYSICIAN): $1,456,277 total reported compensation
- MICHAEL K ROSNER (PHYSICIAN): $1,228,486 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The George Washington University Medical Faculty Associates (GW MFA) provides personalized, innovative, equitable, and high-quality care to improve the lives of our patients and their families through clinical care, education, and clinical research for local, national, and global communities. “Today’s agreement is an important step forward for GW and the communities we serve,” said Ellen M. Granberg, President of The George Washington University. “It successfully safeguards the School of Medicine and Health Sciences’ missions of high-quality education and research, while providing for the funding and delivery of physician services at GW Hospital. In addition, this agreement provides financial certainty for the University and a sustainable path forward for the clinical operations at GW Hospital and its affiliates.” “For nearly three decades, MFA physicians and staff have delivered...
What it reported doing in 2024
Health care programs, general/other: medical faculty associates, inc. (the "company") was organized and shall be operated exclusively for the benefit of the george Washington university (the "university"), a congressionally chartered educational institution of higher education in the district of columbia, including its school of medicine and health sciences, and in furtherance hereof the company shall: provide professional physician services and related health care services, including diagnostic and therapeutic procedures and services, to patients in the greater Washington, dc community and other areas, including those unable to pay for such care; employ physicians duly licensed to practice medicine who hold a faculty appointment at the university, and other qualified personnel and make the service of such personnel available to indigent and other persons requiring such care; and perform the other necessary or appropriate functions and services in connection with the above purposes. In satisfaction of our exempt purpose, mfa provided 456,613 episodes of care, incurred contractual adjustments for medicaid and medicaid replacement totaling approximately $58 million, and conducted numerous community outreach programs to include HIV clinics, prostate cancer screenings, breast care center, and a mammovan.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 95
- Accountability: 79
- Sustainability: 14
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 82.1%; rating input score 82
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 63.6%; rating input score 64; 18th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -24%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0.53; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 2.62; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 1.9%; rating input score 58; 58th percentile among comparable filings
Growth
- Program expense growth: 2.5% per year; rating input score 100; 18th percentile among comparable filings
- Revenue growth: 2.3% per year; rating input score 100; 16th percentile among comparable filings
- Asset growth: 2.9% per year; rating input score 100; 20th percentile among comparable filings
Details
- What they do: 2 operating locations identified
- Where the money goes: 100% of revenue deployed · 82.1% of spending went to programs
- Governance: 7 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $426M in reported program spending
- Leadership: top reported pay $1.5M · 28 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $34.3M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 13 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 3/100.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- Review — Sustainability: Officer compensation ratio scored 58/100.