University Health Care Inc
- Assets
- $2.0m
- Revenue
- -$427.5k
- Investments
- $571.2k
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 61-1325905
Organization Overview
University Health Care Inc, operating under the name Passport Health Plan, is located in Louisville, KY. The organization was established in 2006. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Passport Health Plan is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE HEALTH OF MEDICAID RECIPIENTS IN THE COMMONWEALTH OF KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY HEALTH CARE, INC. (UHC) IS A NONPROFIT, COMMUNITY-BASED, PROVIDER-SPONSORED HEALTH PLAN WITH TWENTY-ONE YEARS OF EXPERIENCE ADMINISTERING KENTUCKY MEDICAID BENEFITS.UHC'S PARTNERSHIP WITH THE COMMONWEALTH OF KENTUCKY WAS FIRST ESTABLISHED IN 1997 BY SEVERAL PRIVATE PROVIDER SPONSORS TO HELP THE COMMONWEALTH CONTROL THE RISING COSTS OF THE MEDICAID PROGRAM AND TO IMPROVE HEALTH OUTCOMES FOR MEDICAID MEMBERS IN ADDITION TO PROVIDING SERVICES TO MEDICARE SPECIAL NEEDS PATIENTS.THE ACTIVITY DURING 2022 REPRESENTS THE WIND-DOWN OF UHC'S ACTIVITIES AFTER ITS ACQUISTION IN 2019 BY EVOLENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Kimberly A Boland Director | Trustee | 1 | $0 |
Kenneth P Marshall Secretary/director | OfficerTrustee | 1 | $0 |
William B Wagner President/director | OfficerTrustee | 1 | $0 |
Dan Durbin Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Norton Hospital Inc Claim Payments | 12/30/20 | $6,519,199 |
Cvs Pharmacy Pharmacy Claim Payments | 12/30/20 | $18,760,303 |
University Of Louisville Hospital Claim Payments | 12/30/20 | $4,349,916 |
Uofl Health Louisville Inc Claim Payments | 12/30/20 | $4,225,423 |
Evolent Health Third Party Administration | 12/30/20 | $3,723,773 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $406,544 |
| 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 | $406,544 |
| Total Program Service Revenue | $0 |
| Investment income | $940 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$834,959 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$427,475 |
| 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 | $193,024 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,986 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,911 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,976 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $38,914 |
| Total functional expenses | $322,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,470,071 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,029 |
| 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 | $571,242 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,043,342 |
| Accounts payable and accrued expenses | $0 |
| 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 | $720,207 |
| Total liabilities | $720,207 |
| Net assets without donor restrictions | $1,323,135 |
| 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 | $2,043,342 |
Grants Awarded
Over the last fiscal year, University Health Care Inc has awarded $464,794 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL FOUNDATION DEPT 86140 PURPOSE: EXERCISE SOFTWARE THAT COMBINES CLASSROOM LESSONS WITH AN ONLINE EXERCISE PROGRAM WITH GONOODLE. | $250,000 |
UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION INC PURPOSE: FUNDING FOR "ROLE OF FAMILY: HEALTH BROKERS IN MANAGING CHRONIC DISEASE CONDITIONS AND SERIOUS MENTAL HEALTH ISSUES OF REFUGEES" | $48,602 |
FAMILY SCHOLAR HOUSE PURPOSE: GRANT TO HELP BREAK THE CYCLE OF INTERGENERATIONAL POVERTY THROUGH POST-SECONDARY EDUCATION AND HEROES GRANT PROGRAM TO HELP WITH ACCESS AND ADDRESS BARRIERS INCLUDING SOCIAL ISOLATION, FOOD INSECURITY AND LACK OF POST-SECONDARY EDUCATION. | $50,000 |
AMERICAN LUNG ASSOCIATION OF MIDLAND PURPOSE: HEALTHY HOOPS PROGRAM. | $45,000 |
UNIVERSITY OF KENTUCKY RESEARCH CENTER PURPOSE: IHOP GRANT FOR RESEARCH PROJECT TITLED "SPEECH LANGUAGE THERAPY THROUGH TELEPRACTICE - BRIDGING THE GAMP FOR RURAL CHILDREN" | $46,192 |
KENTUCKY STATE POLICE PURPOSE: TO PROVIDE PROTECTIVE KITS FOR KENTUCKY STATE POLICE CRUISERS | $25,000 |