University Medical Center Inc
- Assets
- $770.5m
- Revenue
- $636.6m
- Investments
- $22.6m
- Employees
- 10,206
- Location
- Louisville, KY
- Founding
- 07/1996
- Data as of
- 06/2020
- 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 06/2021, University Of Louisville Hospital employed 10,206 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 06/2020, University Of Louisville Hospital generated $636.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $596.9m during the year ending 06/2020. While expenses have increased by 0.6% 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 23 individual grants totaling $1,543,511. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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:
Part 3 - Line 4a
UNIVERSITY MEDICAL CENTER OPERATES THE UNIVERSITY OF LOUISVILLE HOSPITAL, WHICH IS A TEACHING HOSPITAL FACILITY DESIGNATED AS A REGIONAL TRAUMA CENTER AND PROVIDES CARE TO THE MEDICALLY NEEDY REGARDLESS OF THEIR ABILITY TO PAY. SEE SCHEDULE H FOR ADDITIONAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas D Miller CEO Uofl Health/sec./treas. | OfficerTrustee | 19 | $1,236,005 |
Ken Marshall Coo, U Of L Health | Officer | 19 | $783,798 |
Michael Douzuk Jr Cfo, U Of L Health | Officer | 19 | $776,722 |
Pankaj Sapra Cio (term End 6/2021) | Officer | 40 | $472,769 |
Shari Kretzschmer VP Pateint Services | Officer | 40 | $423,643 |
Kirk Strack Assistant CFO | Officer | 40 | $386,314 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Corp Software Services | 6/29/21 | $17,565,796 |
G4s Secure Solutions Usa Inc Security Services | 6/29/21 | $9,609,160 |
Sodexo Performance Interiors Food Services | 6/29/21 | $19,650,864 |
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 | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,659,266 |
| Investment income | $3,207,399 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $219,574 |
| Net Gain/Loss on Asset Sales | $1,807,458 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,602,359 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $636,566,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $201,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,395,383 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $172,731,847 |
| Pension plan accruals and contributions | $11,199,055 |
| Other employee benefits | $18,308,682 |
| Payroll taxes | $12,992,165 |
| Fees for services: Management | $1,656,972 |
| Fees for services: Legal | $121,486 |
| Fees for services: Accounting | $294,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,639,852 |
| Advertising and promotion | $2,216,275 |
| Office expenses | $9,345,853 |
| Information technology | $0 |
| Royalties | $363,814 |
| Occupancy | $40,323,731 |
| Travel | $31,058 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,318 |
| Interest | $380,829 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,770,877 |
| Insurance | $4,224,664 |
| All other expenses | $0 |
| Total functional expenses | $596,910,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,718,316 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,039,307 |
| Loans from Officers, Directors, or Controlling Persons | $1,333,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $100,000 |
| Inventories for sale or use | $14,481,330 |
| Prepaid expenses and deferred charges | $8,226,259 |
| Investments—publicly traded securities | $115,108,452 |
| Investments—other securities | $22,597,895 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,278,676 |
| Total assets | $770,505,785 |
| Accounts payable and accrued expenses | $77,507,509 |
| Grants payable | $0 |
| Deferred revenue | $188,764,418 |
| 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 | $7,634,953 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $214,709,421 |
| Total liabilities | $488,616,301 |
| 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 | $281,889,484 |
Grants Awarded
Over the last fiscal year, University Medical Center Inc has awarded $107,084 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Louisville, KY PURPOSE: OPERATIONAL SUPPORT | $102,084 |
Arlington, VA PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Medical Center Inc has recieved totaling $12,803,052.
| Awarding Organization | Amount |
|---|---|
Health Foundation Of Kentuckyone Inc Lexington, KY PURPOSE: PROGRAM SUPPORT | $12,803,052 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
Kettering College Miamisburg, OH | $1,728,903,615 | $1,055,020,178 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |