University of Maryland Faculty Physicians, Inc.

Nonprofit profile at a glance

EIN
521299563
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Baltimore, MD, US
Phone
410-328-8919
Rating
57
Verdict
MIXED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$108,819,240
Expenses
$93,478,406
Assets
$434,793,499
Liabilities
$264,911,495

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

35 people listed

Executive titles in this filing

  • William F Regine MD (Trustee & PRESIDENT)
  • Matthew Tulis MD (Trustee/Interim President (AS OF 04/25))
  • DePriest Whye MD (CEO MMCIP)

Highest reported compensation

  • William F Regine MD (Trustee & PRESIDENT): $1,140,803 total reported compensation
  • Graeme Woodworth MD (Trustee): $976,786 total reported compensation
  • Christine L Lau MD (Trustee): $953,614 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Under the medical service plan of the university of Maryland, school of medicine, administrative support services are provided to the physician practices of the university of Maryland, including but not limited to information technology, finance, human resources, contracting, legal and business services. These services allow the physician practices to deliver healthcare to the general public without regard to the patient's ability to pay for services on behalf of the school of medicine.

University of Maryland Faculty Physicians, Inc. (UM FPI) is the multi-specialty physician practice affiliated with the University of Maryland School of Medicine, providing comprehensive medical care across more than 80 specialties including primary care, orthopedics, cardiology, oncology, and women's health. Serving patients throughout Maryland with locations such as Baltimore, Columbia, and a new Health Village at Mondawmin opening in 2025, UM FPI operates urgent care centers, ambulatory surgery centers, and numerous outpatient clinics. The organization is recognized for clinical excellence, with over 120 faculty physicians named Baltimore magazine Top Doctors in 2024 and its ambulatory surgery center ranked 2nd in Maryland by Newsweek.

Operating model

Revenue model
Other-operating. 97% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% 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

MIXED - A large share of available resources goes toward mission work and program spending has grown recently. A relatively small share of voting board members are independent and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 45
  • Accountability: 37
  • Sustainability: 67
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.9%; rating input score 74
  • Program expense ratio: 84.3%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 8th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 14.1%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 4.65; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.61; rating input score 28; 28th percentile among comparable filings
  • Officer compensation ratio: 6.6%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: 3.2% per year; rating input score 100; 23rd percentile among comparable filings
  • Revenue growth: 4.4% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 8% per year; rating input score 100; 58th percentile among comparable filings

Details

  • What they do: 2 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 73.9% of revenue deployed · 84.3% of spending went to programs
  • Governance: 0 of 19 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $78.8M in reported program spending
  • Leadership: top reported pay $1.1M · 35 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.5M reported
  • Consistency: 41 of 41 current checks pass
  • Schedules: 8 filed schedules · includes foreign activity and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 filed money-flow records
  • Related organizations: 30 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • High — Sustainability: Liabilities to assets ratio scored 28/100.