University Health System Inc
- Assets
- $1.2b
- Revenue
- $1.3b
- Investments
- $0.0
- Employees
- 6,556
- Location
- Knoxville, TN
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 31-1626179
Organization Overview
University Health System Inc, operating under the name Univ Of Tn Medical Center, is located in Knoxville, TN. The organization was established in 1999. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Univ Of TN Medical Center employed 6,556 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Univ Of TN 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 12/2022, Univ Of TN Medical Center generated $1.3b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.3b during the year ending 12/2022. While expenses have increased by 5.7% 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.
Since 2014, Univ Of TN Medical Center has awarded 159 individual grants totaling $3,831,188. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION: TO SERVE THROUGH HEALING, EDUCATION, AND DISCOVERY.
Describe the Organization's Program Activity:
PATIENT CARE SERVICESPLEASE SEE SCHEDULE O FOR DETAIL REGARDING PATIENT CARE SERVICES IN THE STATEMENT OF COMMUNITY BENEFIT.
AS THE ONLY ACADEMIC MEDICAL CENTER IN THE REGION, UHS IS COMMITTED TO EDUCATION IN ORDER TO PREPARE HEALTHCARE PROFESSIONALS FOR THE FUTURE. EDUCATION IS AN ONGOING ENDEAVOR FOR ALL EMPLOYEES, MANY OF WHOM WILL HAVE AN OPPORTUNITY TO SERVE AS TEACHERS AS WELL AS STUDENTS. THE MEDICAL CENTER COLLABORATES WITH THE GRADUATE SCHOOL OF MEDICINE AND OTHER ACADEMIC INSTITUTIONS, AND IT MAINTAINS A LEARNING ENVIRONMENT WITH DEVOTION TO TECHNOLOGICAL AND TREATMENT ADVANCES THAT PROVIDE BETTER CARE FOR PATIENTS.
UNREIMBURSED CHARITY CARE AND SELF-PAY DISCOUNT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renda Burkhart Chair | OfficerTrustee | 2 | $0 |
Sharon M Pryse Board Member | Trustee | 2 | $0 |
Dr Steve J Schwab Board Member | Trustee | 2 | $0 |
H W Sherrod Jr Vice Chair | OfficerTrustee | 2 | $0 |
Wes Stowers Board Member | Trustee | 2 | $0 |
Michael T Strickland Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Physicians Association Physicians/cbo Mgmt | 12/30/22 | $41,176,241 |
Graduate School Of Medicine Medical Education | 12/30/22 | $38,598,860 |
Laboratory Corporation Of America Laboratory Services | 12/30/22 | $26,278,389 |
Qualivis Llc Temp Agency Medical | 12/30/22 | $22,181,147 |
Crothall Healthcare Inc Biomed Mgmt | 12/30/22 | $17,200,691 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $267,701 |
| Related organizations | $602,250 |
| Government grants | $6,263,473 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,800,455 |
| Noncash contributions included in lines 1a–1f | $30,091 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,933,879 |
| Total Program Service Revenue | $1,271,571,582 |
| Investment income | -$642,555 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,004,254 |
| Net Gain/Loss on Asset Sales | $2,094,022 |
| Net Income from Fundraising Events | -$72,599 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,294,065,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $630,483 |
| Grants and other assistance to domestic individuals. | $4,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $11,104,835 |
| Compensation of current officers, directors, key employees. | $11,104,835 |
| Compensation to disqualified persons | $257,952 |
| Other salaries and wages | $417,143,543 |
| Pension plan accruals and contributions | $23,709,771 |
| Other employee benefits | $37,624,194 |
| Payroll taxes | $27,059,396 |
| Fees for services: Management | $11,085,905 |
| Fees for services: Legal | $34,602,351 |
| Fees for services: Accounting | $734,249 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $90,205 |
| Fees for services: Investment Management | $313,796 |
| Fees for services: Other | $210,676,045 |
| Advertising and promotion | $2,334,794 |
| Office expenses | $11,641,544 |
| Information technology | $214,344 |
| Royalties | $0 |
| Occupancy | $31,904,476 |
| Travel | $1,167,778 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,914,780 |
| Interest | $14,158,569 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,363,070 |
| Insurance | $5,623,609 |
| All other expenses | $1,624,342 |
| Total functional expenses | $1,306,323,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,659,087 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $190,524,311 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,575,558 |
| Prepaid expenses and deferred charges | $9,310,838 |
| Net Land, buildings, and equipment | $412,904,103 |
| Investments—publicly traded securities | $277,003,177 |
| Investments—other securities | $0 |
| Investments—program-related | $8,370,756 |
| Intangible assets | $0 |
| Other assets | $141,646,247 |
| Total assets | $1,153,994,077 |
| Accounts payable and accrued expenses | $333,319,629 |
| Grants payable | $0 |
| Deferred revenue | $3,232,075 |
| Tax-exempt bond liabilities | $430,496,671 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,165,170 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $54,103,802 |
| Total liabilities | $822,317,347 |
| Net assets without donor restrictions | $294,898,394 |
| Net assets with donor restrictions | $36,778,336 |
| 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 | $1,153,994,077 |
Grants Awarded
Over the last fiscal year, University Health System Inc has awarded $397,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: OPERATIONAL SUPPORT | $50,000 |
UNIVERSITY OF TN GRADUATE SCHOOL OF MEDICINE PURPOSE: OPERATIONAL SUPPORT | $100,000 |
UNITED WAY OF GREATER KNOXVILLE PURPOSE: OPERATIONAL SUPPORT | $50,000 |
BOYS & GIRLS CLUB OF THE TENNESSEE VALLEY PURPOSE: OPERATIONAL SUPPORT | $50,000 |
EMERALD YOUTH FOUNDATION PURPOSE: OPERATIONAL SUPPORT | $35,000 |
CANCER SUPPORT COMMUNITY PURPOSE: OPERATIONAL SUPPORT | $25,000 |