Nonprofit · EIN 27-0263214
PHYSICIAN ENTERPRISE LLC
Tax-exempt · ANNAPOLIS, MD 21401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $278,959,297 | $309,335,657 | -$30,376,360 | $55,635,994 | $191,074,504 | -$135,438,510 |
| June 30, 2024 | 990 | $251,771,070 | $284,489,098 | -$32,718,028 | $43,065,676 | $139,652,296 | -$96,586,620 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,379,125
- of which government grants
- $655,123
- Program service revenue
- $269,290,281
- Investment income
- $0
- Other revenue
- $8,289,891
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $3,272,074
- Other salaries and wages
- $174,720,617
- Salaries, compensation and benefits (total)
- $197,165,337
- Professional fundraising fees
- $0
- Legal fees
- $9,478
- Occupancy
- $15,528,578
- Travel
- $619,007
- Depreciation
- $1,811,946
- Program services (functional)
- $263,376,698
- Management and general (functional)
- $45,958,959
Balance sheet and other
- Total assets, start of year
- $43,065,676
- Total assets, end of year
- $55,635,994
- Total liabilities, end of year
- $191,074,504
- Net assets, end of year
- -$135,438,510
- Land, buildings and equipment
- $11,931,737
- Net assets without donor restrictions
- -$135,438,510
- Gross unrelated business income
- $110,364
- Gross receipts
- $278,959,297
- Employees
- 670
- Volunteers
- 0
- Year formed
- 2009
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| VICTORIA W BAYLESS | LH CEO/FORMER OFFICER/DIRECTOR Former | 1 | $0 | $3,392,300 | $17,114 |
| BENJAMIN PETRE MD | PHYSICIAN Highest-paid employee | 40 | $1,423,724 | $0 | $33,267 |
| PAUL KING MD | PHYSICIAN Highest-paid employee | 40 | $1,406,496 | $0 | $37,390 |
| CYRUS LASHGARI | PHYSICIAN Highest-paid employee | 40 | $1,395,416 | $0 | $41,637 |
| CHAD PATTON MD | PHYSICIAN Highest-paid employee | 40 | $1,393,966 | $0 | $42,584 |
| DEREK MASDEN | PHYSICIAN Highest-paid employee | 40 | $1,306,465 | $0 | $40,663 |
| JEFFREY GELFAND MD | BOARD MEMBER Trustee or director | 40 | $1,304,112 | $0 | $33,272 |
| MITCHELL SCHWARTZ MD | CHAIR/PRESIDENT Trustee or director, Officer | 40 | $1,053,027 | $0 | $41,409 |
| SHERRY PERKINS | FORMER BOARD MEMBER/ LHAAM/ PRES Former | 0 | $0 | $993,956 | $18,825 |
| STEPHANIE SCHNITTGER | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 1 | $0 | $582,468 | $54,647 |
| PETER ODENWALD | FORMER BOARD MEMBER/LHCE COO Former | 0 | $471,184 | $0 | $45,384 |
| ANDREW P MCGLONE | BOARD MEMBER Trustee or director | 40 | $431,536 | $0 | $17,310 |
| ROXANNE LEIBA LAWRENCE | BOARD MEMBER Trustee or director | 1 | $0 | $354,018 | $23,869 |
| DOUGLAS WOMER | FORMER CHIEF FINANCIAL OFFICER Former | 0 | $0 | $360,012 | $10,867 |
| CHARLENE HARRISON | BOARD MEMBER/LH VP WOMEN'S & CHILDREN'S Trustee or director | 40 | $329,710 | $0 | $40,248 |
2 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ROBERT REILLY | FORMER TREASURER Former | 0 | $0 | $139,667 | $0 |
| KEVIN SMITH | FORMER CHIEF FINANCIAL OFFICER Former | 0 | $0 | $104,422 | $3,333 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| VICTORIA W BAYLESS | LH CEO/FORMER OFFICER/DIRECTOR Former | 1 | $0 | $2,088,080 | $379,779 |
| PAUL KING MD | PHYSICIAN Highest-paid employee | 40 | $1,581,867 | $0 | $49,510 |
| BENJAMIN PETRE MD | PHYSICIAN Highest-paid employee | 40 | $1,473,381 | $0 | $40,071 |
| CYRUS LASHGARI | PHYSICIAN Highest-paid employee | 40 | $1,331,857 | $0 | $49,568 |
| CHAD PATTON MD | PHYSICIAN Highest-paid employee | 40 | $1,300,888 | $0 | $40,453 |
| JEFFREY GELFAND MD | BOARD MEMBER Trustee or director | 40 | $1,285,336 | $0 | $14,850 |
| ALESSANDRO SPECIALE | PHYSICIAN Highest-paid employee | 40 | $1,202,565 | $0 | $55,804 |
| MITCHELL SCHWARTZ MD | CHAIR/PRESIDENT Trustee or director, Officer | 1 | $911,078 | $0 | $42,912 |
| SHERRY PERKINS | FORMER BOARD MEMBER/ LHAAM PRES Former | 0 | $0 | $906,196 | $15,077 |
| KEVIN SMITH | CHIEF FINANCIAL OFFICER (PART YEAR) Trustee or director, Officer | 1 | $0 | $552,106 | $68,409 |
| PETER ODENWALD | BOARD MEMBER/LHCE COO (PART YEAR) Trustee or director | 1 | $0 | $503,836 | $53,075 |
| ANDREW P MCGLONE | BOARD MEMBER Trustee or director | 40 | $423,390 | $0 | $14,883 |
| ROXANNE LEIBA LAWRENCE | BOARD MEMBER (PART YEAR) Trustee or director | 1 | $0 | $287,705 | $31,850 |
| DOUGLAS WOMER | CHIEF FINANCIAL OFFICER (PART YEAR) Trustee or director, Officer | 1 | $0 | $223,930 | $5,950 |
| ROBERT REILLY | FORMER TREASURER Former | 0 | $0 | $119,510 | $891 |
| STEPHANIE SCHNITTGER | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2000 MEDICAL PKWY STE 606, ANNAPOLIS, MD 21401-3748
- In care of
- % STEVE CLARK
- Principal officer (990 for 2024)
- MITCHELL SCHWARTZ, 2000 MEDICAL PARKWAY 606, ANNAPOLIS, MD 21401
- Signed the 990
- MICHELLE LEE, CFO
- Phone
- (443) 481-1308
- Website
- WWW.LUMINISHEALTH.ORG
- Return prepared by
- SC&H GROUP INC
Mission
PHYSICIAN ENTERPRISE, LLC IS A NON-PROFIT PROVIDER OF PHYSICIAN, DIAGNOSTIC, THERAPUETIC, AND OTHER HEALTH CARE SERVICES THAT FURTHERS THE EXEMPT PURPOSES OF LUMINIS HEALTH, INC. (FKA ANNE ARUNDEL HEALTH SYSTEM, INC.)
Program accomplishments
- ONCOLOGY - FOR PREVENTION, SCREENING, DIAGNOSIS AND TREATMENT OF CANCEROUS CONDITIONS.Expenses $60,080,505 · revenue $59,796,496
- ORTHOPEDICS - SERVICES INCLUDING ORTHOPEDIC SURGERY, PHYSICAL THERAPY, AND ORTHOTICS.Expenses $59,434,194 · revenue $48,213,322
- WOMEN AND CHILDREN- PROVIDE OBSTETRICS AND GYNAECOLOGY SERVICES TO THE COMMUNITY.Expenses $42,916,321 · revenue $38,015,190
- OTHER PROGRAM SERVICES PROVIDED IN ACCORDANCE WITH THE ORGANIZATION'S MISSION STATEMENT AND TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION.Expenses $100,945,678 · revenue $131,444,800
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0263214
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E30)
- Assets (IRS master file)
- $55,635,994
- Income (IRS master file)
- $278,959,297
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $278,959,297 | $309,335,657 | $55,635,994 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $251,771,070 | $284,489,098 | $43,065,676 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $226,433,368 | $266,808,656 | $46,731,204 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $225,688,914 | $263,519,389 | $46,192,685 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-0263214).
Questions about PHYSICIAN ENTERPRISE LLC
- What is the EIN of PHYSICIAN ENTERPRISE LLC?
- The employer identification number (EIN) of PHYSICIAN ENTERPRISE LLC is 27-0263214.
- Is PHYSICIAN ENTERPRISE LLC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to PHYSICIAN ENTERPRISE LLC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PHYSICIAN ENTERPRISE LLC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PHYSICIAN ENTERPRISE LLC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHYSICIAN ENTERPRISE LLC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PHYSICIAN ENTERPRISE LLC?
- The 990 for the year ended June 30, 2025 names MITCHELL SCHWARTZ.
- Who are the officers and directors of PHYSICIAN ENTERPRISE LLC?
- The 990 for the year ended June 30, 2025 lists 17 people; 10 received compensation from the organization.
- How much revenue does PHYSICIAN ENTERPRISE LLC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $278,959,297, expenses of $309,335,657 and total assets of $55,635,994 at year end.
Other nonprofits in ANNAPOLIS
- LUMINIS HEALTH ANNE ARUNDEL MEDICAL CENTER INC EIN 52-1169362 · last filed 990 for 2025
- LUMINIS HEALTH DOCTORS COMMUNITY MEDICAL CENTER INC EIN 52-1638026 · last filed 990 for 2025
- LUMINIS HEALTH INC EIN 52-1622253 · last filed 990 for 2025
- LUMINIS HEALTH IMAGING INC EIN 52-1467734 · last filed 990 for 2025
- LUMINIS HEALTH ANNE ARUNDEL MEDICAL CENTER FOUNDATION INC EIN 52-1331298 · last filed 990 for 2025
- ANNAPOLIS WELLNESS CORPORATION EIN 20-5764752 · last filed 990 for 2025
- LUMINIS HEALTH DOCTORS COMMUNITY MEDICAL CENTER FOUNDATION INC EIN 52-1712338 · last filed 990 for 2025
- LUMINIS HEALTH RESEARCH INSTITUTE INC EIN 26-3038406 · last filed 990 for 2025