University Health Care Inc
- Assets
- $115.4m
- Revenue
- $2.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Middleton, WI
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-2553196
Organization Overview
University Health Care Inc is located in Middleton, WI. The organization was established in 2016. According to its NTEE Classification (H11) the organization is classified as: Single Organization Support, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Health Care 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 12/2021, University Health Care Inc generated $2.7k in total revenue. All expenses for the organization totaled $7.5k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GOAL OF UNIVERSITY HEALTH CARE, INC. IS TO ACT AS HOLDING COMPANY FOR ITS INVESTMENT IN QUARTZ HEALTH INSURANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY HEALTH CARE, INC. PRIMARILY OPERATES AS A HOLDING COMPANY FOR ITS INVESTMENT IN QUARTZ HEALTH INSURANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Flannery Treasurer/director | OfficerTrustee | 2 | $0 |
Michael Dallman President/director Until 12/31/21 | OfficerTrustee | 2 | $0 |
Carey Gehl Vice President | Officer | 2 | $0 |
Patricia Hutter Secretary | Officer | 2 | $0 |
Alan Kaplan Director | Trustee | 2 | $0 |
Robert N Golden MD Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mile Bluff Medical Center Leased Staff | 12/30/19 | $482,795 |
Philips Medical System Eicu Pos Support | 12/30/19 | $214,015 |
Uw Board Of Regents Uw Carbone Cancer Services | 12/30/19 | $350,000 |
Swedish American Hospital Nursing Services | 12/30/19 | $145,047 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,130 |
| 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 | $2,728 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $244 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $700 |
| 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 | $0 |
| Total functional expenses | $7,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,256,098 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $105,448,530 |
| Intangible assets | $2,689,087 |
| Other assets | $0 |
| Total assets | $115,393,715 |
| Accounts payable and accrued expenses | $91,645 |
| 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 | $0 |
| Total liabilities | $91,645 |
| Net assets without donor restrictions | $115,302,070 |
| 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 | $115,393,715 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Health Care Inc has recieved totaling $1,121,000.
| Awarding Organization | Amount |
|---|---|
Gundersen Lutheran Health System Inc La Crosse, WI PURPOSE: Equity Transfer - GHP/Unity Merger | $1,121,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Area Ambulance Authority Cedar Rapids, IA | $10,871,659 | $8,115,144 |
Emily G Plumb Charitable Trust 02-40073 Chicago, IL | $40,196,560 | $2,064,076 |
Miles And Shirley Fiterman Endowment Fund Rochester, MN | $0 | $86,393 |
Allsup Charitable Services Inc Belleville, IL | $56,195 | $1,271,531 |
West Side Institute For Science And Education Chicago, IL | $0 | $965,979 |
Star Legacy Foundation Eden Prairie, MN | $1,266,259 | $739,217 |
International Clinical Cytometry Society Glenview, IL | $947,003 | $624,954 |
National Niemann-Pick Disease Foundation Fort Atkinson, WI | $850,802 | $499,229 |
American Board Of Medical Specialties Research & Education F Chicago, IL | $305,881 | $0 |
Design Industries Foundation Fighting Aids-Chicago Inc Chicago, IL | $1,326,624 | $272,741 |
Familial Dysautonomia Now Foundation Buffalo Grove, IL | $882,138 | $293,462 |
E Karcher Trust Fbo Chicago, IL | $2,907,941 | $244,334 |