Nonprofit · EIN 54-6280083
PIEDMONT LIABILITY TRUST
Tax-exempt · CHARLOTTESVLE, VA 22903
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $11,071,703 | $6,009,799 | $5,061,904 | $107,835,895 | $72,895,895 | $34,940,000 |
| June 30, 2024 | 990 | $11,639,538 | $4,330,011 | $7,309,527 | $97,858,593 | $73,504,467 | $24,354,126 |
| June 30, 2023 | 990 (amended) | $9,937,300 | $2,688,002 | $7,249,298 | $84,995,109 | $74,547,573 | $10,447,536 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $7,049,690
- Investment income
- $4,003,233
- Net rental income
- $18,780
- Net gain from sales of assets
- $797,343
- Other revenue
- $18,780
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,158,375
- Other salaries and wages
- $443,688
- Salaries, compensation and benefits (total)
- $2,382,016
- Professional fundraising fees
- $0
- Accounting fees
- $40,110
- Travel
- $20,108
- Depreciation
- $49,836
- Program services (functional)
- $4,217,266
- Management and general (functional)
- $1,792,533
Balance sheet and other
- Total assets, start of year
- $97,858,593
- Total assets, end of year
- $107,835,895
- Total liabilities, end of year
- $72,895,895
- Net assets, end of year
- $34,940,000
- Land, buildings and equipment
- $542,770
- Publicly traded securities
- $100,576,448
- Net assets without donor restrictions
- $34,940,000
- Gross receipts
- $18,551,865
- Employees
- 9
- Volunteers
- 0
- Year formed
- 1989
- State of legal domicile
- VA
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 |
|---|---|---|---|---|---|
| MARK E SHAFFREY MD | CHAIR THRU 12/3/24 Trustee or director, Officer | 2 | $0 | $1,156,269 | $0 |
| ABHINAV B CHHABRA MD | DIRECTOR Trustee or director | 2 | $0 | $1,104,939 | $0 |
| STEPHEN S PARK MD | DIRECTOR Trustee or director | 2 | $0 | $1,071,832 | $0 |
| JAMES M LARNER MD | DIRECTOR Trustee or director | 2 | $0 | $1,042,019 | $0 |
| J SCOTT JUST MD MBA FACEP | DIRECTOR Trustee or director | 2 | $0 | $944,281 | $0 |
| BRUCE D GEHLE JD | CEO & TRUSTEE Trustee or director, Officer, Highest-paid employee | 40 | $724,912 | $0 | $41,873 |
| PAOLA A GEHRIG MD | DIRECTOR Trustee or director | 2 | $0 | $665,239 | $0 |
| PETER T HALLOWELL MD | DIRECTOR Trustee or director | 2 | $0 | $624,886 | $0 |
| MARGARET C TRACCI MD | DIRECTOR Trustee or director | 2 | $0 | $553,436 | $0 |
| RICHARD O WHITE | COO & SECRETARY Officer, Highest-paid employee | 40 | $360,192 | $0 | $38,024 |
| MITCHELL H ROSNER MD | DIRECTOR Trustee or director | 2 | $0 | $324,803 | $0 |
| CHRISTOPHER A MOSKALUK MD | CHAIR EFFECTIVE 3/4/25 Trustee or director, Officer | 2 | $0 | $322,401 | $0 |
| LANCE D FRASIER | VICE TREASURER & MANAGER OF FI Highest-paid employee | 40 | $279,697 | $0 | $32,855 |
| RACHEL D G HORVATH JD | CLAIMS & LITIGATION COUNSEL Key employee | 40 | $241,577 | $0 | $31,244 |
| MEGAN J BRAY MD | DIRECTOR Trustee or director | 2 | $0 | $263,221 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TAISON D BELL MD | DIRECTOR Trustee or director | 2 | $0 | $253,337 | $0 |
| CHRISTOPHER P HOLSTEGE MD | DIRECTOR Trustee or director | 2 | $0 | $215,972 | $0 |
| ANDREW M SOUTHERLAND MD | DIRECTOR Trustee or director | 2 | $0 | $215,237 | $0 |
| JUDY L FORTINEUX | SENIOR RISK MANAGER Highest-paid employee | 40 | $117,626 | $0 | $14,514 |
| JAMES W HOWELL JD | DIRECTOR/VICE-CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JAMES E SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| SCOTT A SYVERUND MD | DIRECTOR/TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| DONALD R MORIN | DIRECTOR THRU 12/3/24 Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRUCE D GEHLE JD | CEO starting 7/1/23 Officer | 40 | $629,553 | $41,380 |
| REBECCA W WEST JD ESQ | CEO THRU 6/30/23 Former | 40 | $607,495 | $7,125 |
| RICHARD O WHITE | COO & General Counsel Officer | 40 | $291,892 | $33,494 |
| LANCE D FRASIER | MANAGER OF FINANCE & OPERATIONS Highest-paid employee | 40 | $230,259 | $28,026 |
| Rachel DG Horvath JD | Claims & Litigation Counsel Highest-paid employee | 40 | $155,295 | $10,304 |
| JAMES W HOWELL JD | DIRECTOR/VICE-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARK E SHAFFREY MD | DIRECTOR/CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| SCOTT A SYVERUD MD | DIRECTOR/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ANDREW SOUTHERLAND MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER A MOSKALUK MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER P HOLSTEGE MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DONALD R MORIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| J SCOTT JUST MD MBA FACEP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES E SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES M LARNER MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARGARET TRACCI MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MEGAN J BRAY MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MITCHELL H ROSNER MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAOLA A GEHRIG MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PETER T HALLOWELL MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STEPHEN S PARK MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| REBECCA W WEST JD ESQ | CEO Officer | 40 | $740,377 | $80,652 |
| BRUCE D GEHLE JD | COO Officer | 40 | $495,000 | $66,536 |
| RICHARD O WHITE | ASSOCIATE GENERAL COUNSEL Key employee | 40 | $232,500 | $29,342 |
| LANCE D FRASIER | MANAGER OF FINANCE & OPERATION Highest-paid employee | 40 | $211,115 | $26,617 |
| JUDY L FORTINEUX | CHIEF OF STAFF Highest-paid employee | 40 | $170,846 | $22,347 |
| SCOTT A SYVERUND MD | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| MEGAN J BRAY MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANITA H L CLAYTON MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PETER T HALLOWELL MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER P HOLSTEGE MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES W HOWELL JD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SCOTT JUST MD MBA FACEP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES M LARNER MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DONALD R MORIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER A MOSKALUK MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STEPHEN S PARK MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MITCHELL H ROSNER MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANDREW SOUTHERLAND MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARK E SHAFFREY MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARGARET TRACCI MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JONATHON D TRUWIT MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1020 EDNAM CTR STE 100, CHARLOTTESVLE, VA 22903-4617
- In care of
- % LANCE FRASIER
- Principal officer (990 for 2024)
- BRUCE GEHLE, 1020 EDNAM CENTER100, CHARLOTTESVILLE, VA 22903
- Signed the 990
- BRUCE GEHLE, CEO/TRUSTEE
- Phone
- (434) 296-2100
- Return prepared by
- ALVAREZ & MARSAL TAX LLC
Mission
THE ORGANIZATION WAS FORMED TO ACCUMULATE AND HOLD FUNDS FOR USE IN SATISFYING MEDICAL PROFESSIONAL LIABILITY CLAIMS AGAINST THE UNIVERSITY OF VIRGINIA PHYSICIANS' GROUP AND COVERED CLINICIANS OF UNIVERSITY OF VIRGINIA HEALTH, UVA COMMUNITY HEALTH MEDICAL GROUP, LLC, AND COMMUNITY MEDICINE UNIVERSITY OF VIRGINIA, LLC.
Program accomplishments
- MANAGEMENT AND PAYMENT OF MEDICAL PROFESSIONAL LIABILITY CLAIMS FOR THE UNIVERSITY OF VIRGINIA PHYSICIANS' GROUP AND COVERED CLINICIANS OF UNIVERSITY OF VIRGINIA HEALTH, UVA COMMUNITY HEALTH MEDICAL GROUP, LLC, AND COMMUNITY MEDICINE UNIVERSITY OF VIRGINIA, LLC, INCLUDING MANAGEMENT OF FUNDS HELD FOR THIS PURPOSE.Expenses $4,217,266 · revenue $7,049,690
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
- 54-6280083
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1991
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y200)
- Assets (IRS master file)
- $107,835,895
- Income (IRS master file)
- $18,551,865
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $11,071,703 | $6,009,799 | $107,835,895 | XML |
| 990 | June 2024 | $11,639,538 | $4,330,011 | $97,858,593 | XML |
| 990 | June 2023 | $9,937,300 | $2,688,002 | $84,995,109 | XML |
| 990 | June 2022 | $9,580,879 | $7,076,241 | $77,604,181 | IRS |
| 990 | 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 54-6280083).
Questions about PIEDMONT LIABILITY TRUST
- What is the EIN of PIEDMONT LIABILITY TRUST?
- The employer identification number (EIN) of PIEDMONT LIABILITY TRUST is 54-6280083.
- Is PIEDMONT LIABILITY TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to PIEDMONT LIABILITY TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does PIEDMONT LIABILITY TRUST 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 PIEDMONT LIABILITY TRUST 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 PIEDMONT LIABILITY TRUST 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 PIEDMONT LIABILITY TRUST?
- The 990 for the year ended June 30, 2025 names BRUCE GEHLE.
- Who are the officers and directors of PIEDMONT LIABILITY TRUST?
- The 990 for the year ended June 30, 2025 lists 23 people; 5 received compensation from the organization.
- How much revenue does PIEDMONT LIABILITY TRUST have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $11,071,703, expenses of $6,009,799 and total assets of $107,835,895 at year end.
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