2026-05-13T10:45:32-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 1000 WILSON BOULEVARD SUITE 1500 ARLINGTON VA 22209 990 2024-07-01 920871561 MSOM INC MSOM 3017908872 11120 HEALTH DRIVE HAGERSTOWN MD 21742 JOSHUA REPAC CHIEF FINANCIAL OFFICER 3017908872 2026-05-13 1 1 MARY TORRETTA P00847851 7038477500 2026-05-12 2024 2025-03-06 01:10:19Z MAULIK JOSHI DRPH 11120 HEALTH DRIVE HAGERSTOWN MD 21742 2018735 0 X WWW.MSOM.ORG X 2022 MD SEE SCHEDULE O 9 6 0 6 0 0 0 1685235 3333 333500 0 0 0 0 3333 2018735 0 0 0 0 2365612 5719396 0 0 0 2332169 4594985 4697781 10314381 -4694448 -8295646 1156084 16985490 5850532 20998588 -4694448 -4013098 X OUR MISSION: PREPARE FUTURE GENERATIONS OF PHYSICIANS WHO ARE PROFESSIONALLY ACCOMPLISHED, SOCIALLY RESPONSIBLE, AND COMMUNITY ORIENTED.OUR VISION: TO BE A LEADER IN COMMUNITY-BASED MEDICAL EDUCATION. 0 0 8265659 333500 SEE SCHEDULE O 8265659 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X JOSHUA REPAC 3017909351 11116 MEDICAL CAMPUS ROAD HAGERSTOWN MD 21742 X REV DR D STUART DUNNAN CHAIR 3.00 3.00 X X 0 0 0 MARY JC HENDRIX PHD VICE CHAIR 3.00 3.00 X X 0 0 0 CHINTAMANENI CHOUDARI MD DIRECTOR 3.00 40.00 X 0 31271 0 VICTORIA GIFFI MD DIRECTOR 3.00 50.00 X 0 768606 28111 JOANNA JACKSON DO DIRECTOR (THRU 1/2025) 3.00 0.00 X 0 0 0 NEIL JESUELE DIRECTOR 3.00 3.00 X 0 0 0 MAULIK JOSHI DRPH PRESIDENT 3.00 50.00 X X 0 1413371 248681 GREGORY SNOOK DIRECTOR 3.00 3.00 X 0 0 0 WILLIAM CRAVER DIRECTOR 3.00 0.00 X 0 0 0 JOSHUA REPAC CFO/TREASURER 3.00 50.00 X 0 495589 70721 LYNN HAINES SECRETARY 3.00 50.00 X 0 347451 61048 PAULA GREGORY DEAN OF MSOM 50.00 0.00 X 602761 0 29423 602761 3056288 437984 1 0 1 0 MEDICAL IMPACT COMPANY LLC 8697 SOUTH BLUE CREEK ROAD EVERGREEN CO 80439 CONSULTING 1000000 1 1685235 1685235 PROFESSIONAL SVC REV 611310 182500 182500 ADMISSIONS FEES 611310 151000 151000 333500 2018735 333500 0 0 X 534323 427458 106865 4076957 3261566 815391 157332 125866 31466 643620 514896 128724 307164 245731 61433 1580946 1264757 316189 70764 70764 25870 20696 5174 176889 141511 35378 1299445 1039556 259889 75224 60179 15045 29867 23894 5973 571883 457506 114377 95327 76262 19065 LICENSES 212192 169754 42438 EQUIPMENT & MAINTENANCE 92290 73832 18458 DUES 64387 51510 12877 299901 239921 59980 10314381 8265659 2048722 0 887602 10455 50571 7612204 571883 1145629 7040321 0 9006996 1156084 16985490 1763895 1169826 4086637 19828762 5850532 20998588 X -4694448 -12990094 8976996 -4694448 -4013098 1156084 16985490 X -8295646 8976996 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7328829 571883 6756946 283375 283375 7040321 NET ASSETS HELD BY MHF 8976996 OTHER RECEIVABLES 30000 9006996 DUE TO RELATED ORGANIZATION 19828762 19828762 X PART X, LINE 2: THE ORGANIZATION IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF MERITUS HEALTH, INC. THE RELEVANT TEXT OF THE INCOME TAX FOOTNOTE FROM THOSE FINANCIALS IS: MERITUS FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTIES IN INCOME TAX POSITIONS WHICH REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MERITUS DOES NOT BELIEVE ITS CONSOLIDATED FINANCIAL STATEMENTS INCLUDE ANY MATERIAL UNCERTAIN TAX POSITIONS. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NON-DISCRIMINATION POLICY IS AVAILABLE ON THE MSOM WEBSITE HTTPS://WWW.MSOM.ORG/ABOUT/POLICIES. 0 1 0 0 0 0 0 0 0 MAULIK JOSHI DRPH PRESIDENT 0 899267 0 355869 0 158235 0 229775 0 18906 0 1662052 0 135235 VICTORIA GIFFI MD DIRECTOR 0 485187 0 283419 0 0 0 10422 0 17689 0 796717 0 0 PAULA GREGORY DEAN OF MSOM 450558 0 152203 0 0 0 15525 0 13898 0 632184 0 0 0 JOSHUA REPAC CFO/TREASURER 0 403385 0 92204 0 0 0 51165 0 19556 0 566310 0 0 LYNN HAINES SECRETARY 0 276053 0 68997 0 2401 0 39678 0 21370 0 408499 0 0 PART I LINE 3 METHODS USED BY A RELATED ORGANIZATION TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES; ALL COMPENSATION IS PAID BY A RELATED ORGANIZATION, MMC. MMC CHECKS THE FOLLOWING BOXES FOR SCHEDULE J, QUESTION 3 ON ITS FORM 990: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION BY SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE THE COMPENSATION PAID TO THE OFFICERS AND KEY EMPLOYEE LISTED ON MSOM'S FORM 990 WAS ESTABLISHED PURSUANT TO THE REBUTTABLE PRESUMPTION OF REASONABLENESS. PART I LINE 4B SEVERAL OFFICERS ARE PARTICIPANTS IN A 457F PLAN THAT WAS APPROVED BY THE EXECUTIVE COMMITTEE OF THE MMC BOARD OF DIRECTORS. FOR THE CURRENT YEAR, THE FOLLOWING AMOUNTS WERE DEFERRED BY MMC AND ARE NOT SUBSTANTIALLY VESTED AND SUBJECT TO CREDITOR CLAIMS AND FORFEITURES: MAULIK JOSHI $214,250 LYNN HAINES $26,526 JOSHUA REPAC $35,640 MAULIK JOSHI RECEIVED A 457F DISTRIBUTION OF $135,235. FORM 990, PART I, LINE 1 TO TRAIN PHYSICIANS WHO WILL BE SOCIALLY RESPONSIBLE, PROFESSIONALLY ACCOMPLISHED, AND COMMUNITY ORIENTED. FORM 990, PART III, LINE 4A MSOM OFFERS A UNIQUE APPROACH TO STUDENT LEARNING INCLUDING THE TEAM-BASED LEARNING (TBL) APPROACH. TBL'S INNOVATIVE METHODOLOGY USES CONTINUOUS ACTIVE PARTICIPATION TO FOSTERING COLLABORATIVE PROBLEM-SOLVING SKILLS. MEDICAL STUDENTS THRIVE IN AN ENVIRONMENT THAT ENCOURAGES TEAMWORK, IMMEDIATE FEEDBACK AND THE PRACTICAL APPLICATION OF MEDICAL KNOWLEDGE. MSOM'S CURRICULAR APPROACH PREPARES STUDENTS TO BECOME PHYSICIANS, THOUGHT LEADERS AND VERSATILE TEAM MEMBERS. TBL PERMEATES EVERY ASPECT OF THE CURRICULUM, ENHANCING CRITICAL THINKING, COMMUNICATION, AND ADAPTABILITY. THE MSOM CURRICULUM IS ALIGNED WITH THE AMERICAN OSTEOPATHIC ASSOCIATION (AOA) SEVEN OSTEOPATHIC CORE COMPETENCIES FOR MEDICAL STUDENTS. UNDER EACH OF THESE COMPETENCY DOMAINS, THERE ARE MEASURABLE CURRICULAR GOALS WHICH, UPON STUDENT ATTAINMENT AND COMPLETION, INDICATE COMPETENCE IN THE DOMAIN. THESE CURRICULAR GOALS BROADLY SHAPE AND DEFINE THE COURSES & CLERKSHIPS WITHIN THE 4-YEAR MSOM CURRICULUM. FOR EACH CURRICULAR GOAL, THERE ARE ACCOMPANYING LEARNING ACTIVITIES, WHOSE PURPOSE IS TO HELP STUDENTS ACHIEVE THE GOAL AND LEARN COURSE CONTENT. EACH LEARNING ACTIVITY IS GUIDED BY A SET OF SPECIFIC, MEASURABLE LEARNING OBJECTIVES THAT STATE WHAT THE STUDENT WILL ACCOMPLISH DURING THE ACTIVITY. MSOM IS PREPARING TO ACCEPT ITS FIRST CLASS OF STUDENTS IN THE FALL OF 2025. FORM 990, PART V, LINES 1A AND 2A THE FILING ORGANIZATION HAS ENTERED "0" ON PART V, LINE 1A AND LINE 2A BECAUSE THE ORGANIZATION'S 1099 AND W-2 RETURNS ARE FILED BY AND UNDER THE NAME AND EIN OF MERITUS MEDICAL CENTER, INC., A RELATED ORGANIZATION, UNDER A SHARED SERVICES AGREEMENT. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER IS MERITUS HEALTH, INC. (MHI), THE PARENT. MHI HAS THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY AND APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A CANDIDATES FOR THE MSOM BOARD ARE SELECTED BY THE GOVERNANCE COMMITTEE AND PRESENTED TO THE MHI BOARD BY THE CHAIRMAN OF THE GOVERNANCE COMMITTEE. FINAL ELECTION OCCURS THROUGH THE MHI BOARD. FORM 990, PART VI, SECTION A, LINE 7B ALONG WITH THE ELECTION OF GOVERNING MEMBERS TO THE BOARD, THE MHI BOARD (PARENT) ALSO NEEDS TO REVIEW AND APPROVE THE FOLLOWING BEFORE BECOMING EFFECTIVE AND BEFORE THE ACTION IS IMPLEMENTED: 1. ANY MERGER, CONSOLIDATION OR DISSOLUTION OF THE CORPORATION. 2. ANNUAL BUSINESS PLAN. 3. ANNUAL BUDGET. 4. CONTRACTUAL OBLIGATIONS THAT MEET ANY ONE OF THE FOLLOWING CRITERIA: A. FALL OUTSIDE THE SCOPE OF THE CORPORATION'S ANNUAL BUSINESS PLAN. B. REQUIRE APPROVAL BY EXTERNAL HEALTH AND/OR FINANCIAL REGULATORY AGENCY. C. HAVING THE POTENTIAL OF ADVERSELY IMPACTING THE OPERATION OF ANY SUBSIDIARY OF THE MEMBER. 5. ANY JOINT VENTURE BETWEEN THE CORPORATION AND ANOTHER PERSON OR ENTITY THAT MEETS ANY ONE OF THE FOLLOWING CRITERIA: A. EXTENDS BEYOND THE SCOPE OF THE ANNUAL BUSINESS PLAN OF THE CORPORATION. B. REQUIRES EXTERNAL APPROVAL BY EXTERNAL HEALTH AND/OR FINANCIAL REGULATORY AGENCY. C. HAS THE POTENTIAL OF ADVERSELY IMPACTING THE OPERATION OF ANY SUBSIDIARY OF THE MEMBER. 6. SALES OR TRANSFERS OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION OR SALES OR TRANSFERS OF ASSETS THAT MEET WITH ANY ONE OF THE FOLLOWING CRITERIA: A. FALL OUTSIDE THE SCOPE OF THE CORPORATION'S ANNUAL BUSINESS PLAN. B. REQUIRE APPROVAL BY EXTERNAL HEALTH AND/OR FINANCIAL REGULATORY AGENCY. C. HAS THE POTENTIAL OF ADVERSELY IMPACTING THE OPERATIONS OF ANY SUBSIDIARY OF THE MEMBER. 7. FORMATION OF A SUBSIDIARY. 8. ADOPTION AND AMENDMENT OF THE MISSION AND VISION STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE FINANCE DEPARTMENT AND REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. A COPY OF THE FORM 990 WAS PROVIDED TO THE AUDIT AND BUSINESS INTEGRITY COMMITTEE OF THE PARENT BOARD. ACTING UNDER THE AUTHORITY OF THE PARENT BOARD, THE COMMITTEE REVIEWED THE FORM 990 PRIOR TO THE SUBMISSION FOR THE FORM 990 TO THE INTERNAL REVENUE SERVICE. IN ADDITION, THE FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL DISCLOSURE OF INTEREST IS REQUIRED FOR ALL OFFICERS, DIRECTORS OR TRUSTEES, AND KEY EMPLOYEES. THESE DISCLOSURES ARE THEN REVIEWED AGAINST THE ACCOUNTS PAYABLE SYSTEM TO DETERMINE THE AMOUNT OF TRANSACTIONS WITH THE ORGANIZATION. ALL DISCLOSURES AND TRANSACTIONS ARE REVIEWED BY THE AUDIT & BUSINESS INTEGRITY COMMITTEE. AFTER THIS REVIEW, A COPY OF THE DISCLOSURES, BY BOARD OR COMMITTEE, LISTING THE TYPE OF INVOLVEMENT/TRANSACTIONS THE ENTITY HAS WITH THE NAMED DISCLOSURE, IF ANY, ARE PROVIDED TO THE CHAIR OF THE BOARD OR COMMITTEE. ANY DIRECTOR WITH A DETERMINED CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE BOARD'S DISCUSSIONS AND DECISIONS WITH REGARDS TO THAT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES. ALL COMPENSATION REPORTED ON PART VII OF THE FORM 990 IS PAID BY A RELATED ORGANIZATION, MERITUS MEDICAL CENTER, INC. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. IN ADDITION, THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE MADE PUBLIC THROUGH THE STATE OF MARYLAND CHARITABLE REGISTRATION DIVISION. FORM 990, PART VII, SECTION A: THE HOURS OF THE PRESIDENT, SECRETARY, AND TREASURER WERE SPENT ATTENDING BOARD AND COMMITTEE MEETINGS. COMPENSATION PROVIDED TO THESE PERSONS WAS FOR SERVICES PROVIDED IN THEIR CAPACITY AS OFFICERS/EMPLOYEES OF MMC AND AFFILIATES, NOT IN THEIR CAPACITY AS DIRECTORS. ADDITIONALLY, THE COMPENSATION THAT DR. GIFFI AND DR. CHOUDARI RECEIVED WAS FOR SERVICES AS PHYSICIANS. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 64,757. MANAGEMENT AND GENERAL EXPENSES 16,189. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 80,946. CONSULTATION: PROGRAM SERVICE EXPENSES 1,200,000. MANAGEMENT AND GENERAL EXPENSES 300,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,500,000. FORM 990, PART XI, LINE 9: CHANGE IN ASSETS HELD BY MHF 8,976,996. 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