Universal Medical Services Inc
- Assets
- $2.2m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 67
- Location
- Minneapolis, MN
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 26-1084365
Organization Overview
Universal Medical Services Inc, operating under the name Axis Medical Center, is located in Minneapolis, MN. The organization was established in 2008. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2021, Axis Medical Center employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Axis Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Axis Medical Center generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $5.7m during the year ending 12/2021. While expenses have increased by 12.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE HIGH QUALITY, ACCESSIBLE, PRIMARY HEALTH CARE, SELECTED SPECIALTY SERVICES, AND PUBLIC HEALTH SERVICES TO OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING PRIMARY HEALTH CARE TO UNDER SERVED POPULATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore James CEO | Officer | 40 | $214,903 |
Juan Lewis Dr. | Officer | 40 | $176,804 |
Bruce Mccarthy Medical Director | Officer | 40 | $167,912 |
Jonathan James Dr. | Officer | 40 | $147,828 |
Haymanot Magruder Cpo | Officer | 40 | $130,375 |
Chelsea Johnson Provider | Officer | 40 | $106,189 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,354 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,354 |
| Total Program Service Revenue | $6,249,544 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,370,898 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $493,106 |
| Compensation of current officers, directors, key employees. | $493,106 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,312,597 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84,705 |
| Payroll taxes | $408,139 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,741 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $110,124 |
| Royalties | $0 |
| Occupancy | $265,944 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,001,801 |
| Total functional expenses | $5,684,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,125,453 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $76,993 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,202,446 |
| Accounts payable and accrued expenses | $2,601 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $403,077 |
| Total liabilities | $405,678 |
| Net assets without donor restrictions | $1,796,768 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,202,446 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Universal Medical Services Inc has recieved totaling $153,539.
| Awarding Organization | Amount |
|---|---|
Neighborhood Health Care Network Minneapolis, MN PURPOSE: MEMBERSHIP GAIN SHARE DISTRIBUTION | $133,539 |
American Heart Association Inc Dallas, TX PURPOSE: BLOOD PRESSURE EQUIPMENT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peoples Community Health Clinic Inc Waterloo, IA | $20,898,728 | $21,977,203 |
St Gertrudes Health Center Minneapolis, MN | $18,960,362 | $16,977,101 |
Carrington Health Center Carrington, ND | $33,098,342 | $16,690,672 |
Eastern Iowa Health Center Cedar Rapids, IA | $9,830,317 | $16,279,166 |
Lake Superior Community Health Center Duluth, MN | $10,917,344 | $14,002,188 |
Southside Community Health Services Inc Minneapolis, MN | $4,106,552 | $11,571,047 |
Community Health Center Of The Black Hills Inc Rapid City, SD | $10,722,705 | $11,816,425 |
Open Cities Health Center Inc Saint Paul, MN | $8,089,796 | $9,620,397 |
Unitypoint Health At Work West Des Moines, IA | $4,867,267 | $8,903,483 |
Scenic Bluffs Health Center Inc Cashton, WI | $11,025,466 | $11,340,002 |
Neighborhood Healthsource Minneapolis, MN | $7,504,365 | $9,274,979 |
Mosaic Family Health Inc Appleton, WI | $2,181,775 | $8,416,729 |