Ut Medical Group Inc is located in Memphis, TN. The organization was established in 1983. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, UT Medical Group Inc employed 756 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. UT Medical Group 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, UT Medical Group Inc generated $90.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $90.6m during the year ending 12/2021. While expenses have increased by 22.6% 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
TO BE A SUCCESSFUL PHYSICIAN LED, PROFESSIONALLY MANAGED MEDICAL PRACTICE THAT BENEFITS OUR PATIENTS AND OUR COMMUNITY, WHILE SUPPORTING THE UT HEALTH SCIENCE CENTER'S MISSION THROUGH CLINICAL EXCELLENCE, FINANCIAL RESPONSIBILITY AND A CULTURE OF CARE AT EVERY TOUCH POINT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MEDICAL SERVICES PROVIDED BY THE GROUP ARE AVAILABLE TO THE COMMUNITY AS A WHOLE WITHOUT REGARD TO ABILITY TO PAY. MEDICARE, MEDICAID, AND TENNCARE PATIENTS ARE ACCEPTED. THE GROUP HAS AN AGREEMENT WITH REGIONAL ONE, THE PUBLIC SAFETY NET HOSPITAL OF SHELBY COUNTY, TENNESSEE, THAT PROVIDES FOR THE DELIVERY OF PROFESSIONAL SERVICES TO INDIGENT PATIENTS, BOTH INPATIENT AND OUTPATIENT. IN ADDITION TO PATIENTS FROM SHELBY COUNTY, THE FACULTY PHYSICIANS AND OTHER PROFESSIONAL EMPLOYEES OF THE GROUP PROVIDE HEALTH CARE SERVICES TO OUT-OF-STATE RESIDENTS AND RESIDENTS OF FOREIGN COUNTRIES WHO HAVE LIMITED INCOMES. DURING THE PERIOD, APPROXIMATELY 33 PERCENT OF THE GROUP'S SERVICES WERE PROVIDED TO PATIENTS WITH TENNCARE, MEDICAID, OR NO INSURANCE COVERAGE. ANOTHER 26 PERCENT WERE PROVIDED TO MEDICARE PATIENTS.THE PROFESSIONAL EMPLOYEES OF THE GROUP ARE DEDICATED TO THE MEDICAL TRAINING AND EDUCATION OF HEALTH PROFESSIONALS IN CONJUNCTION WITH THE UTHSC COLLEGE OF MEDICINE. ALTHOUGH EDUCATIONAL ACTIVITIES ARE FUNDED PRIMARILY THROUGH THE UTHSC COLLEGE OF MEDICINE, THE GROUP MAKES SIGNIFICANT CONTRIBUTIONS TO THIS EFFORT WITH BOTH PERSONNEL AND FINANCIAL RESOURCES. DURING THE YEAR, FACULTY PHYSICIANS WERE INVOLVED IN THE EDUCATION OF PRIMARILY THE 3RD AND 4TH YEAR MEDICAL STUDENTS (300 OF THE 600 MEDICAL STUDENTS). ALSO IN CONJUNCTION WITH THE UTHSC COLLEGE OF MEDICINE, THE PROFESSIONAL EMPLOYEES OF THE GROUP ENGAGE IN PROGRAMS OF MEDICALRESEARCH AND EDUCATION THAT PROMOTE THE LONG-TERM HEALTH AND WELFARE OF PATIENTS AND THE GENERAL PUBLIC. THE RESEARCH PROGRAMS FOCUS ON PREVENTION AND TREATMENT OF ILLNESSES AS WELL AS EFFECTS OF DRUGS AND MEDICATIONS ON A VARIETY OF DISEASES AND MEDICAL CONDITIONS. WHILESERVING AS THE FACULTY PRACTICE PLAN OF THE UTHSC COLLEGE OF MEDICINE, THE LONG-TERM COMMITMENT OF THE GROUP IS TO CONTINUE TO PROVIDE MEDICAL SERVICES TO ANY AND ALL PATIENTS AND TO PROMOTE GOOD HEALTH THROUGH RESEARCH AND EDUCATION.THE RANGE/TYPE OF SERVICES PROVIDED BY THE CLINICAL DEPARTMENTS INCLUDES PRIMARY CARE, SPECIALTY CONSULTATIONS, SUBSPECIALTY PROCEDURES AND DIAGNOSTIC EVALUATIONS, AND SURGICAL PROCEDURES. HEALTH CARE SERVICES ARE DELIVERED IN NUMEROUS HOSPITAL AND CLINIC SETTINGS, INCLUDING INPATIENT AND OUTPATIENT CARE AT THE REGIONAL MEDICAL CENTER AT MEMPHIS (REGIONAL ONE), LE BONHEUR CHILDREN'S HOSPITAL, MEMPHIS VA MEDICAL CENTER, METHODIST UNIVERSITY HOSPITAL, ST. JUDE CHILDREN'SRESEARCH HOSPITAL, ST. FRANCIS HOSPITAL, BAPTIST MEMORIAL HOSPITALS,AND OTHER LOCAL COMMUNITY HOSPITALS. THE GROUP'S FACULTY PHYSICIANS PROVIDE HEALTH CARE SERVICES TO PATIENTS OF THE CENTERS OF EXCELLENCE AT THE MED. THE CENTERS OF EXCELLENCE INCLUDE THE TRAUMA CENTER, BURN CENTER, WOUND CARE CENTER, NEWBORN CENTER, ADULT SPECIAL CARE, AND SICKLE CELL CENTER.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
M Barry Randall Physician | 40 | $784,916 | |
Robert Wallace Physician | 40 | $747,849 | |
Sai Velamuri Venkata Physician | 40 | $616,029 | |
David W Peeler Physician | 40 | $559,828 | |
Tejesh Patel Chair Of Uthsc Dept Of Dermatology | Trustee | 40 | $522,837 |
Nina Krassilnik Physician | 40 | $518,637 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Sellers Dorsey & Associates Llc Consulting | 12/30/21 | $395,517 |
Dixon Hughes Goodman Tax/audit Fees | 12/30/21 | $184,200 |
Ensearch Management Consultants Consulting | 12/30/21 | $138,650 |
Melon Consulting Group Llc Consulting | 12/30/21 | $301,800 |
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 | $74,716,968 |
Investment income | $25,094 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $1,254,615 |
Net Gain/Loss on Asset Sales | $1,331,491 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $90,614,625 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,209,326 |
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. | $2,358,253 |
Compensation of current officers, directors, key employees. | $2,358,253 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $47,753,499 |
Pension plan accruals and contributions | $1,277,287 |
Other employee benefits | $2,957,453 |
Payroll taxes | $2,706,687 |
Fees for services: Management | $0 |
Fees for services: Legal | $254,736 |
Fees for services: Accounting | $201,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $10,728,759 |
Advertising and promotion | $66,196 |
Office expenses | $1,526,406 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $2,381,384 |
Travel | $74,633 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $474,119 |
Interest | $352,654 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,492,038 |
Insurance | $1,943,425 |
All other expenses | $158,233 |
Total functional expenses | $90,646,887 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,322 |
Savings and temporary cash investments | $12,931,204 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $8,424,478 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $170,125 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $854,956 |
Net Land, buildings, and equipment | $15,086,636 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $3,347,833 |
Intangible assets | $529,129 |
Other assets | $5,493,330 |
Total assets | $46,840,013 |
Accounts payable and accrued expenses | $8,486,228 |
Grants payable | $0 |
Deferred revenue | $813,547 |
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 | $12,246,920 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $488,264 |
Total liabilities | $22,034,959 |
Net assets without donor restrictions | $24,805,054 |
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 | $46,840,013 |
Over the last fiscal year, we have identified 1 grants that Ut Medical Group Inc has recieved totaling $9,968.
Awarding Organization | Amount |
---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $9,968 |
Organization Name | Assets | Revenue |
---|---|---|
Baptist Health Medical Group Inc Louisville, KY | $171,626,728 | $559,689,949 |
Dialysis Clinic Inc Nashville, TN | $782,995,317 | $765,633,140 |
Community Medical Associates Inc Louisville, KY | $72,616,390 | $515,224,331 |
Mcv Associated Physicians Richmond, VA | $296,921,285 | $539,983,630 |
University Of Louisville Physicians Inc Louisville, KY | $142,554,326 | $292,132,120 |
Seton Family Of Doctors St Louis, MO | $99,052,734 | $123,594,101 |
Duke University Affiliated Physicans Inc Durham, NC | $86,448,101 | $171,120,861 |
St Vincents Ambulatory Care Inc St Louis, MO | $35,187,009 | $112,245,331 |
Ascension Medical Group-Fox Valley Wisconsin Inc St Louis, MO | $53,400,736 | $125,476,367 |
Mercy Health Northwest Arkansas Communities Rogers, AR | $87,803,456 | $130,469,258 |
St Vincent Medical Group Little Rock, AR | $55,492,284 | $114,934,419 |
Wellmont Medical Associates Inc Johnson City, TN | $20,115,154 | $123,355,433 |