University Of Louisville Physicians Inc
- Assets
- $137.0m
- Revenue
- $299.1m
- Investments
- $27.8m
- Employees
- 2,861
- Location
- Louisville, KY
- Founding
- 06/2013
- Data as of
- 06/2022
- EIN
- 27-3645560
Organization Overview
University Of Louisville Physicians Inc is located in Louisville, KY. The organization was established in 2013. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 06/2022, University Of Louisville Physicians Inc employed 2,861 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Louisville Physicians Inc 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 06/2022, University Of Louisville Physicians Inc generated $299.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $394.9m during the year ending 06/2022. While expenses have increased by 13.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PROFESSIONAL MEDICAL SERVICES IN A VARIETY OF MEDICAL SPECIALTIES AND DISCIPLINES IN ACCORDANCE WITH THE CORPORATION'S CHARITABLE MISSION: STRENGTHEN AND BROADEN THE RANGE OF SKILLS AND PATIENT POPULATIONS AVAILABLE FOR PHYSICIANS WHO ARE UNIVERSITY OF LOUISVILLE SCHOOL OF MEDICINE (ULSM) FACULTY TO CARRY ON PATIENT CARE, TEACHING AND RESEARCH; AND AID AND SUPPORT ULSM AND ITS CLINICAL DEPARTMENTS IN THE FURTHERANCE OF THEIR CHARITABLE, EDUCATIONAL AND SCIENTIFIC MISSION AND ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF CLINICAL DEPARTMENTS, IN FURTHERANCE OF THE ORGANIZATION'S AND ULSM'S MISSION TO PROVIDE A VARIETY OF MEDICAL SERVICES, AND BROADEN THE SKILLS AND PATIENT POPULATIONS OF ULSM TO CARRY ON RESEARCH, TEACHING AND PATIENT CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Mcmasters MD Board Chair | OfficerTrustee | 40 | $493,000 |
Sean Clifford MD Board Vice Chair | OfficerTrustee | 40 | $182,559 |
Jeffrey Bumpous MD Treasurer | OfficerTrustee | 40 | $193,878 |
Eyas Hattab MD Secretary | OfficerTrustee | 40 | $204,237 |
Craig Roberts MD Director (term End 3/16/22) | Trustee | 40 | $392,960 |
Valerie Briones-Pryor MD Director | Trustee | 40 | $293,253 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neurocare Psc Contract Physician Services | 6/29/22 | $584,500 |
Q T Nguyen Llc Contract Physician Services | 6/29/22 | $486,916 |
Rami Sleem Md Contract Physician Services | 6/29/22 | $382,903 |
Jane Schultz Md Contract Physician Services | 6/29/22 | $262,600 |
Gina M Sparacino Contract Physician Services | 6/29/22 | $219,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $222,607 |
| Government grants | $40,787,274 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,009,881 |
| Total Program Service Revenue | $258,081,170 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,485 |
| 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 | $299,110,536 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,122 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,906,452 |
| Compensation of current officers, directors, key employees. | $632,101 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $258,059,620 |
| Pension plan accruals and contributions | $6,099,885 |
| Other employee benefits | $16,566,096 |
| Payroll taxes | $14,710,953 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $322,159 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,624,756 |
| Advertising and promotion | $94,117 |
| Office expenses | $1,142,324 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,559,340 |
| Travel | $356,137 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,109 |
| Interest | $656,685 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,053,299 |
| Insurance | $4,735,469 |
| All other expenses | $2,721,221 |
| Total functional expenses | $394,907,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,379 |
| Savings and temporary cash investments | $13,359,634 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,841,317 |
| 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 | $1,616,053 |
| Net Land, buildings, and equipment | $15,645,405 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $27,825,965 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,671,298 |
| Total assets | $136,970,051 |
| Accounts payable and accrued expenses | $36,218,863 |
| 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 | $9,455,447 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,557,137 |
| Total liabilities | $81,231,447 |
| Net assets without donor restrictions | $55,738,604 |
| 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 | $136,970,051 |