U T Physicians
- Assets
- $171.5m
- Revenue
- $179.2m
- Investments
- $54.0m
- Employees
- 616
- Location
- Houston, TX
- Founding
- 03/1997
- Data as of
- 08/2019
- EIN
- 76-0459500
Organization Overview
U T Physicians is located in Houston, TX. The organization was established in 1997. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 08/2019, U T Physicians employed 616 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. U T Physicians 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 08/2019, U T Physicians generated $179.2m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $160.2m during the year ending 08/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY MISSION OF THE ORGANIZATION IS TO SUPPORT THE MISSION OF THE MCGOVERN MEDICAL SCHOOL AT UTHSC-H BY PROVIDING HEALTH CARE TO THE PUBLIC, SUPPORTING HEALTH CARE EDUCATION AND RESEARCH ACTIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY MISSION OF THE ORGANIZATION IS TO PROVIDE HEALTH CARE EDUCATION AND RESEARCH ACTIVITY, THEREBY SUPPORTING THE MISSION OF THE MCGOVERN MEDICAL SCHOOL AT UTHSC-H. THROUGH ITS CLINICS, THE ORGANIZATION PROVIDES THE MCGOVERN MEDICAL SCHOOL PHYSICIANS, STUDENTS, AND RESIDENTS, THE OPPORTUNITY TO DELIVER PROFESSIONAL MEDICAL SERVICES TO PATIENTS.
UTP HAS ENTERED INTO JOINT VENTURE AGREEMENTS TO BETTER SERVE ITS PATIENTS BY ENHANCING THE EXPERTISE OF THE FACULTY AND OFFERING MEDICAL SERVICES COMPARABLE TO THOSE PROVIDED BY OTHER MULTI-SPECIALTY PHYSICIAN GROUPS. THE JOINT VENTURES ARE PHYSICIANS DIALYSIS OF HOUSTON, LLP (PDI), TMC HOLDING COMPANY, LLC (TMC) AND BLUESKY. PDI IS A JOINT VENTURE FORMED TO OWN AND OPERATE OUTPATIENT DIALYSIS FACILITIES AND HOME DIALYSIS PROGRAMS IN THE HOUSTON METROPOLITAN AREA. TMC IS A JOINT VENTURE FORMED TO OPERATE MEMORIAL HERMANN SURGERY CENTER TEXAS MEDICAL CENTER, LLP, WHICH PROVIDES SPECIALTY OUTPATIENT SERVICES IN THE TEXAS MEDICAL CENTER AREA. BLUESKY WAS FORMED TO FINANCE THE EXPANSION OF THE UT PHYSICIANS BAYSHORE FAMILY MEDICINE CLINIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Giuseppe Colasurdo MD President | OfficerTrustee | 5 | $0 |
Dr Susan John Board Member | Trustee | 5 | $0 |
Walter Lowe MD Board Member | Trustee | 5 | $0 |
Dr Jair Soares Board Member | Trustee | 5 | $0 |
Dr Barbara Stoll Dean/board Mem | OfficerTrustee | 5 | $0 |
Andrew Casas VP & COO | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Per-se Technologies Patient Billing/coll | 8/30/19 | $12,018,110 |
Jp Morgan Chase Bank Banking Services | 8/30/19 | $4,694,239 |
Houston Medical Records Healthcare Mgt Svcs | 8/30/19 | $1,206,085 |
Proconstruct Incorporated Construction | 8/30/19 | $2,706,192 |
Depelchin Childrens Center Counseling | 8/30/19 | $1,302,537 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $2,748,350 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $179,232,757 |
| 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. | $464,830 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,220,134 |
| Pension plan accruals and contributions | $601,598 |
| Other employee benefits | $25,221,746 |
| Payroll taxes | $1,960,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $131,224 |
| Fees for services: Accounting | $1,203,469 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,349,689 |
| Advertising and promotion | $1,878,310 |
| Office expenses | $3,072,798 |
| Information technology | $5,410,862 |
| Royalties | $0 |
| Occupancy | $30,112,711 |
| Travel | $523,987 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $472,798 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,753,940 |
| Insurance | $777,933 |
| All other expenses | $0 |
| Total functional expenses | $160,215,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,920 |
| Savings and temporary cash investments | $79,644,480 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,078,833 |
| 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 | $1,898,128 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $54,003,071 |
| Investments—program-related | $1,326,368 |
| Intangible assets | $0 |
| Other assets | $380,755 |
| Total assets | $171,459,158 |
| Accounts payable and accrued expenses | $75,207,596 |
| 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 | $46,274,840 |
| Total liabilities | $121,482,436 |
| Net assets without donor restrictions | $49,976,722 |
| 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 | $49,976,722 |