University Of Alabama Health Services Foundation Pc
- Assets
- $949.1m
- Revenue
- $804.4m
- Investments
- $79.7m
- Employees
- 4,471
- Location
- Birmingham, AL
- Founding
- 02/1976
- Data as of
- 09/2020
- EIN
- 63-0649108
Organization Overview
University Of Alabama Health Services Foundation Pc is located in Birmingham, AL. The organization was established in 1976. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 09/2021, University Of Alabama Health Services Foundation Pc employed 4,471 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Alabama Health Services Foundation Pc 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 09/2020, University Of Alabama Health Services Foundation Pc generated $804.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $791.0m during the year ending 09/2020. While expenses have increased by 5.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
COORDINATE AND DELIVER PATIENT CARE IN A GROUP PRACTICE SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A NONPROFIT PHYSICIAN GROUP PRACTICE CLOSELY AFFILIATED WITH THE UNIVERSITY OF ALABAMA AT BIRMINGHAM. HSF CONSISTS OF ALMOST 1,571 FACULTY, FELLOWS AND PHYSICIANS OFFERING SERVICES IN 33 SPECIALTIES. THESE SERVICES ARE REINFORCED BY THE RESEARCH AND EDUCATIONAL PROGRAMS OF UAB'S ACADEMIC HEALTH CENTER, RESULTING IN STATE-OF-THE-ART CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Davies MD Physician | 40 | $2,873,354 | |
Clifton Lewis Physician | 40 | $1,945,010 | |
Mustafa I Ahmed Physician | 40 | $1,668,587 | |
Joseph M Sherrill Physician | 40 | $1,472,628 | |
Conway C Huang MD Physician | 40 | $1,459,262 | |
Herbert Chen MD Director/physician | Trustee | 40 | $977,554 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mckesson Corp Pharmacy Llc Pharmacy Supplies | 9/29/21 | $3,572,205 |
Inventurus Knowledge Solutions Scribble Service | 9/29/21 | $2,447,357 |
Aviacode Inc Medical Coding | 9/29/21 | $931,172 |
Cdw Government Inc Computer Hardware | 9/29/21 | $1,169,707 |
Phreesia Inc Healthcare Software | 9/29/21 | $1,637,454 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $4,011,301 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,489,205 |
| Net Gain/Loss on Asset Sales | $24,422,722 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $804,371,344 |
| Statement of Expenses | |
|---|---|
| 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. | $5,202,938 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $538,516,212 |
| Pension plan accruals and contributions | $31,877,160 |
| Other employee benefits | $0 |
| Payroll taxes | $21,770,778 |
| Fees for services: Management | $719,247 |
| Fees for services: Legal | $782,572 |
| Fees for services: Accounting | $328,249 |
| Fees for services: Lobbying | $102,925 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,903,117 |
| Fees for services: Other | $0 |
| Advertising and promotion | $857,805 |
| Office expenses | $7,016,785 |
| Information technology | $16,413,319 |
| Royalties | $0 |
| Occupancy | $9,733,460 |
| Travel | $2,615,287 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $639,187 |
| Interest | $6,846,809 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,172,327 |
| Insurance | $11,965,040 |
| All other expenses | $0 |
| Total functional expenses | $791,033,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,106 |
| Savings and temporary cash investments | $53,934,215 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,755,429 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,321,200 |
| Inventories for sale or use | $391,911 |
| Prepaid expenses and deferred charges | $4,013,361 |
| Investments—publicly traded securities | $499,044,644 |
| Investments—other securities | $79,662,614 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,857,028 |
| Total assets | $949,146,576 |
| Accounts payable and accrued expenses | $143,277,382 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $201,954,547 |
| 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 | $197,953,198 |
| Total liabilities | $543,185,127 |
| 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 | $405,961,449 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that University Of Alabama Health Services Foundation Pc has recieved totaling $44,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $24,000 |
American Orthopaedic Foot & Ankle Society Rosemont, IL PURPOSE: RESEARCH GRANT | $20,000 |
Endowment Analysis
| Beg. Balance | $211,800,691 |
| Earnings | $49,273,005 |
| Admin Expense | $867,761 |
| Other Expense | $10,000,000 |
| Ending Balance | $250,205,935 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Alabama Health Services Foundation Pc Birmingham, AL | $949,146,576 | $804,371,344 |
Leesar Inc Fort Myers, FL | $111,944,037 | $298,732,573 |
Big Bend Community Based Care Inc Tallahassee, FL | $34,098,081 | $121,607,676 |
Community Ancillary Services Inc Gray, GA | $30,792,192 | $79,626,521 |
Tampa General Medical Group Inc Tampa, FL | $82,785,446 | $37,257,583 |
Kids Central Inc Wildwood, FL | $12,554,700 | $58,090,506 |
North Mississippi Health Services Inc Tupelo, MS | $89,508,592 | $54,120,397 |
Partnership For Strong Families Inc Gainesville, FL | $5,636,786 | $39,153,981 |
Alliant Health Solutions Inc Atlanta, GA | $35,899,821 | $40,943,922 |
Community Based Care Of Brevard Inc Rockledge, FL | $5,543,285 | $34,911,244 |
Santafe Healthcare Inc Gainesville, FL | $36,635,812 | $16,853,066 |
Health Choice Network Inc Miami, FL | $25,593,946 | $21,697,553 |