Unmc Physicians
- Assets
- $130.9m
- Revenue
- $431.5m
- Investments
- $0.0
- Employees
- 776
- Location
- Omaha, NE
- Founding
- 06/1995
- Data as of
- 06/2021
- EIN
- 47-0785575
Organization Overview
Unmc Physicians is located in Omaha, NE. The organization was established in 1995. 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 06/2022, Unmc Physicians employed 776 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unmc Physicians 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 06/2021, Unmc Physicians generated $431.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $431.5m during the year ending 06/2021. While expenses have increased by 2.3% 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 LEAD THE WORLD IN TRANSFORMING LIVES TO CREATE A HEALTHY FUTURE FOR INDIVIDUALS AND COMMUNITIES THROUGH PREMIER EDUCATIONAL PROGRAMS, INNOVATIVE RESEARCH, AND EXTRAORDINARY PATIENT CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNMC PHYSICIANS DIRECTS ITS RESOURCES TOWARD GIVING LEADING PHYSICIANS THE RESOURCES TO PROVIDE EXCELLENT HEALTHCARE TO PATIENTS ACROSS NEBRASKA AND BEYOND. UNMC PHYSICIANS CONTINUES TO LEAD THE REGION THROUGH A FOCUSED MISSION INCLUDING EXCEPTIONAL PATIENT CARE, EDUCATION THAT EMPOWERS, CUTTING EDGE RESEARCH, AND AN EMPHASIS ON GIVING BACK TO THE COMMUNITY. WITH MORE THAN 50 SPECIALTIES AND SUB-SPECIALTIES, UNMC PHYSICIANS PROVIDES SPECIALIZED SERVICES AND THE LATEST IN TREATMENT OPTIONS TO ITS PATIENTS. OUR PHYSICIANS NOT ONLY TREAT PATIENTS, BUT THEY EDUCATE FUTURE PHYSICIANS. MANY OF OUR DOCTORS TRAINED AND NOW TEACH AT THE UNIVERSITY OF NEBRASKA MEDICAL CENTER. THEY, ALONG WITH EXPERIENCED NURSES, ALLIED HEALTH PROFESSIONALS, AND BUSINESS SUPPORT PERSONNEL, ARE DEDICATED TO SERVING THE HEALTHCARE NEEDS OF OUR COMMUNITY. CHARITABLE CARE IS A HIGH PRIORITY, AND WE MAKE TREATMENT AVAILABLE TO ALL PERSONS WHO PRESENT THEMSELVES FOR CARE, REGARDLESS OF RACE, CREED, LIFESTYLE, OR ABILITY TO PAY. DURING FISCAL 2022, UNMC PHYSICIANS SERVED MORE THAN 200 THOUSAND PATIENTS IN ITS CLINICS AND OVER 242 THOUSAND PATIENTS THROUGH INPATIENT AND OTHER ANCILLARY SERVICE LINES. IN ADDITION, UNMC PHYSICIANS SUPPORTS MANY COMMUNITY-BASED HEALTH PROGRAMS SERVING THOSE IN NEED THROUGH DONATED FUNDS, SUPPLIES, PHYSICIAN TIME, AND NURSE TIME. UNMC PHYSICIANS PROVIDED MORE THAN 7 MILLION DOLLARS, AT COST, IN CHARITABLE CARE TO THE UNDERSERVED AND THOSE UNABLE TO PAY FOR MEDICALLY NECESSARY HEALTHCARE SERVICES. IN ADDITION, OVER 54 PERCENT OF UNMC PHYSICIANS NET PATIENT SERVICE REVENUE CAME FROM GOVERNMENT FUNDED HEALTH INSURANCE PROGRAMS, SUCH AS MEDICAID, MEDICARE AND TRICARE. WHILE THESE GOVERNMENT PROGRAMS DO NOT COVER THE FULL COST OF THE HEALTH SERVICES PROVIDED, UNMC PHYSICIANS TRANSFERRED OVER 2 MILLION DOLLARS TO THE COLLEGE OF MEDICINE AT THE UNIVERSITY OF NEBRASKA MEDICAL CENTER IN SUPPORT OF ITS CLINICAL, EDUCATION RESEARCH MISSION. PLEASE SEE THE COMMUNITY BENEFIT REPORT FOR ADDITIONAL DETAILS AT WWW.NEBRASKAMED.COM/ABOUT-US/COMMUNITY-BENEFIT-REPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director (treasurer) | OfficerTrustee | 1 | $0 |
Name Not Listed Director (chairman) | OfficerTrustee | 1 | $0 |
Name Not Listed Director (vice Chairman) | OfficerTrustee | 1 | $0 |
Name Not Listed Director (secretary) | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 29 | $602,514 |
Name Not Listed Director | Trustee | 29 | $521,857 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Madson Everett Medical Services | 6/29/20 | $342,000 |
Locumtenens Holdings Llc Medical Services | 6/29/20 | $619,990 |
Scribe America Llc Transcription Serv | 6/29/20 | $280,800 |
Alexander Wollman Stark Recruiting Services | 6/29/20 | $162,246 |
Iowa Opthalmic Legal Medical Services | 6/29/20 | $230,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,250,228 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $348 |
| Net Gain/Loss on Asset Sales | $19,784 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $431,496,310 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $9,303,597 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,427,227 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,941,646 |
| Pension plan accruals and contributions | $12,086,938 |
| Other employee benefits | $6,280,855 |
| Payroll taxes | $7,751,249 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,177 |
| Fees for services: Accounting | $32,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,076,678 |
| Advertising and promotion | $34,921 |
| Office expenses | $1,903,091 |
| Information technology | $1,391,097 |
| Royalties | $0 |
| Occupancy | $5,095,775 |
| Travel | $128,865 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $311,901 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,002,861 |
| Insurance | $2,457,241 |
| All other expenses | $0 |
| Total functional expenses | $431,496,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,553 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,709,416 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,787,640 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $96,363 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,629,620 |
| Total assets | $130,930,752 |
| Accounts payable and accrued expenses | $40,952,923 |
| Grants payable | $0 |
| Deferred revenue | $9,310,873 |
| 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 | $71,208,855 |
| Total liabilities | $121,472,651 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $9,458,101 |
Grants Awarded
Over the last fiscal year, Unmc Physicians has awarded $1,520,368 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
OMAHA HOME FOR BOYS PURPOSE: General Support | $42,000 |
BUILDING BRIGHT FUTURES PURPOSE: General Support | $1,472,868 |
UNIVERSITY OF NEBRASKA BOARD OF REGENTS PURPOSE: General Support | $5,500 |