University Medical Center Inc
- Assets
- $1.0b
- Revenue
- $825.5m
- Investments
- $14.2m
- Employees
- 10,545
- Location
- Louisville, KY
- Founding
- 07/1996
- Data as of
- 06/2022
- EIN
- 61-1293786
Organization Overview
University Medical Center Inc, operating under the name University Of Louisville Hospital, is located in Louisville, KY. The organization was established in 1996. 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, University Of Louisville Hospital employed 10,545 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Louisville Hospital 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 Hospital generated $825.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $743.8m during the year ending 06/2022. While expenses have increased by 4.3% per year over the past 6 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 2018, University Of Louisville Hospital has awarded 18 individual grants totaling $9,125,876. 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
TO PROVIDE CARE TO OUR COMMUNITY AND TO SERVE AS A MAJOR TEACHING HOSPITAL FOR EDUCATION AND TRAINING IN MEDICINE, DENTISTRY, NURSING, AND ALLIED HEALTH PROFESSIONS.
Describe the Organization's Program Activity:
UNIVERSITY MEDICAL CENTER OPERATES THE UNIVERSITY OF LOUISVILLE HOSPITAL AND BROWN CANCER CENTER. UOFL HOSPITAL, AN ACADEMIC TEACHING AND RESEARCH HOSPITAL WITH 404 LICENSED BED, IS AT THE HEART OF THE LOUISVILLE METRO AREA IN DOWNTOWN LOUISVILLE. UOFL HOSPITAL OFFERS A SECOND-TO-NONE CANCER CENTER, WORLD-RENOWNED TRAUMA TEAM AND A UNIQUELY STREAMLINED, NATIONALLY ACCREDITED STROKE CENTER - THE LATEST INNOVATIONS IN A HISTORY OF WORLD-CLASS CARE. UOFL HOSPITAL IS THE ONLY ADULT LEVEL I TRAUMA CENTER IN THE REGION. THE TRAUMA CENTER ADMITS MORE THAN 3,000 PATIENTS EACH YEAR, INCLUDING 1,500 PATIENTS A YEAR WHO LIVE OUTSIDE JEFFERSON COUNTY AND ITS SURROUNDING COUNTIES MAKING IT A RESOURCE NOT ONLY FOR LOUISVILLE RESIDENTS BUT ALSO FOR PEOPLE THROUGHOUT KENTUCKIANA. INCLUDED WITHIN THE TRAUMA CARE PROVIDED AT UOFL HOSPITAL IS THE ONLY DEDICATED BURN CENTER IN KENTUCKY. WITHIN UOFL HOSPITAL, UOFL HEALTH BROWN CANCER CENTER FEATURES MULTIDISCIPLINARY TEAMS SPECIALIZING IN TREATING CANCERS OF THE BLOOD AND BONE MARROW, BREAST, HEAD AND NECK, LUNGS, AND SKIN, AS WELL AS THE CENTRAL NERVOUS SYSTEM (BRAIN AND SPINE), GASTROINTESTINAL, GENITOURINARY AND REPRODUCTIVE SYSTEMS. KEY SERVICE LINES INCLUDE: 24/7 EMERGENCY CARE AND LEVEL I TRAUMA CENTER, ACADEMIC MEDICAL CENTER, BROWN CANCER CENTER, BURN CENTER, COMPREHENSIVE STROKE CENTER, HIGH-RISK OBSTETRICS SERVICES, ROBOTIC SURGICAL CARE, INCLUDING EAR, NOSE AND THROAT, GYNECOLOGIC AND SURGICAL ONCOLOGY, UROLOGY AND UROGYNECOLOGY, GENERAL AND COLORECTAL SURGERY. UOFL HEALTH BROWN CANCER CENTER IS AN ACADEMIC CANCER CENTER AFFILIATED WITH THE UOFL SCHOOL OF MEDICINE. THE CANCER CENTER'S GOAL IS TO MAKE CANCER A DISEASE OF THE PAST THROUGH CUTTING-EDGE CARE, INNOVATIVE CLINICAL TRIALS AND CANCER PREVENTION EFFORTS. BROWN CANCER CENTER IS HOME TO KENTUCKY'S FIRST AND LONGEST-ACCREDITED PROGRAM BY THE NATIONAL ACCREDITATION PROGRAM FOR BREAST CENTERS. WE ARE A NATIONALLY RECOGNIZED CENTER FOR DEVELOPING EXPERIMENTAL CANCER THERAPEUTICS AND DIAGNOSTICS AND HAVE THE MOST SIGNIFICANT CANCER TRIALS PROGRAM IN THE REGION. WE ARE A GLOBAL LEADER IN THE CLINICAL TRIAL TESTING OF NEW IMMUNOTHERAPIES THAT ACTIVATE YOUR BODY'S IMMUNE SYSTEM TO FIGHT CANCER AND HAVE BECOME EARLY ADOPTERS OF THESE IMMUNOTHERAPIES THAT REDUCE THE CANCER DEATH RATE IN THE U.S. THE CENTER FOR CANCER IMMUNOLOGY AND IMMUNOTHERAPY HAS BEEN ESTABLISHED THROUGH EXPERTS AT THE BROWN CANCER CENTER TO UNDERSTAND FURTHER THE ROLE OF CANCER AND THE IMMUNE SYSTEM TO IDENTIFY NEW THERAPEUTIC TARGETS AND DEVELOP INNOVATIVE TREATMENT STRATEGIES. KEY SERVICE LINES INCLUDE MULTIDISCIPLINARY TEAMS SPECIALIZING IN THE TREATMENT OF: BLOOD AND BONE MARROW CANCERS, BREAST CANCER, HEAD AND NECK CANCERS, LUNG CANCER, MELANOMA AND OTHER SKIN CANCERS, BRAIN AND SPINE CANCERS, GASTROINTESTINAL CANCER, GENITOURINARY CANCER, GYNECOLOGIC CANCERS, SARCOMA, BENIGN TUMORS AND CONDITIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Bumpous MD Chair | OfficerTrustee | 1 | $0 |
Jerry Johnson MD Vice Chair (term End) | Trustee | 1 | $0 |
Jason Chesney MD Director | Trustee | 1 | $0 |
Sean Francis MD Vice Chair | OfficerTrustee | 1 | $0 |
Toni Ganzel MD Director | Trustee | 1 | $0 |
Kristine Krueger MD Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Performance Interiors Food Services | 6/29/21 | $19,650,864 |
Cerner Corp Software Services | 6/29/21 | $17,565,796 |
G4s Secure Solutions Usa Inc Security Services | 6/29/21 | $9,609,160 |
Crothall Services Group Environmental Services | 6/29/21 | $8,711,152 |
Wehr Constructors Inc Construction | 6/29/21 | $7,594,527 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,269,821 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,284 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,312,105 |
| Total Program Service Revenue | $798,327,031 |
| Investment income | $805,483 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $96,767 |
| Net Gain/Loss on Asset Sales | -$402,341 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,506,917 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $825,548,326 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,849,428 |
| Grants and other assistance to domestic individuals. | $261,983 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,447,985 |
| Compensation of current officers, directors, key employees. | $183,119 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,476,328 |
| Pension plan accruals and contributions | $29,409,825 |
| Other employee benefits | $736,704 |
| Payroll taxes | $11,707,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $295,765 |
| Fees for services: Accounting | $53,481 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,478 |
| Fees for services: Other | $137,252,507 |
| Advertising and promotion | $99,416 |
| Office expenses | $7,870,856 |
| Information technology | $0 |
| Royalties | $70,751 |
| Occupancy | $37,355,035 |
| Travel | $144,053 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,828 |
| Interest | $239,913 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,117,269 |
| Insurance | $5,066,285 |
| All other expenses | $24,825,080 |
| Total functional expenses | $743,827,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,887,801 |
| Savings and temporary cash investments | $268,167,196 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $106,683,144 |
| Loans from Officers, Directors, or Controlling Persons | $1,336,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $100,000 |
| Inventories for sale or use | $21,826,045 |
| Prepaid expenses and deferred charges | $1,994,265 |
| Net Land, buildings, and equipment | $103,318,515 |
| Investments—publicly traded securities | $131,923,676 |
| Investments—other securities | $14,249,027 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $365,524,723 |
| Total assets | $1,018,010,392 |
| Accounts payable and accrued expenses | $108,341,638 |
| Grants payable | $0 |
| Deferred revenue | $12,866,637 |
| 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 | $310,881,271 |
| Total liabilities | $432,089,546 |
| Net assets without donor restrictions | $585,920,846 |
| 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 | $1,018,010,392 |
Grants Awarded
Over the last fiscal year, University Medical Center Inc has awarded $7,849,428 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF LOUISVILLE INC PURPOSE: OPERATIONAL SUPPORT OF THE UNIVERSITY | $7,500,000 |
SUPPLY OVER SEAS PURPOSE: DONATION OF DRY MEDICAL SUPPLIES TO OTHER COUNTRIES AND COMMUNITIES IN NEED | $349,428 |