Utmb Healthcare Systems Inc
- Assets
- $37.8m
- Revenue
- $100.2m
- Investments
- $0.0
- Employees
- 881
- Location
- Galveston, TX
- Founding
- 05/2007
- Data as of
- 08/2023
- EIN
- 76-0682238
Organization Overview
Utmb Healthcare Systems Inc is located in Galveston, TX. The organization was established in 2007. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 08/2023, Utmb Healthcare Systems Inc employed 881 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utmb Healthcare Systems 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 08/2023, Utmb Healthcare Systems Inc generated $100.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $91.8m during the year ending 08/2023. While expenses have increased by 15.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O THE MISSION OF UTMB HEALTHCARE SYSTEMS, INC. (UTMB HCS) IS TO IMPROVE THE HEALTH OF TEXAS COMMUNITIES BY CREATING A NETWORK OF HEALTH CARE PROFESSIONALS ENGAGING IN STATE-OF-THE-ART PATIENT CARE, SCHOLARLY MEDICAL EDUCATION, AND INNOVATIVE RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXEMPT PURPOSE ACHIEVEMENT IS TO PROVIDE NURSE RECRUITING AND OTHER STAFFING NEEDS FOR THE UNIVERSITY OF TEXAS MEDICAL BRANCH.
THE EXEMPT PURPOSE ACHIEVEMENT IS TO PROVIDE PROPERTY MANAGEMENT FOR THE BENEFIT OF THE UNIVERSITY OF TEXAS MEDICAL BRANCH. UTMB HEALTHCARE SYSTEMS, INC. MANAGES AND LEASES PRIMARY CARE CLINICS FOR UTMB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Mouton MD Chair, Sole Member | Trustee | 0.5 | $0 |
David C Gruener President & CEO | OfficerTrustee | 2 | $0 |
C Aaron Lemay CPA JD Msed Treasurer | OfficerTrustee | 1 | $0 |
Gulshan Sharma MD Director | Trustee | 0.5 | $0 |
Timothy J Harlin Dsc Fache MBA Director | Trustee | 0.5 | $0 |
Rebecca Korenek Mha MBA Vice Chair | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Relode Health Llc Temporary Staff | 8/30/23 | $8,883,926 |
Ab Staffing Solutions Llc Temporary Staff | 8/30/23 | $7,115,525 |
Maxim Healthcare Services Inc Temporary Staff | 8/30/23 | $4,918,573 |
Supplemental Health Care Temporary Staff | 8/30/23 | $3,793,898 |
Angel Staffing Inc Temporary Staff | 8/30/23 | $4,109,452 |
Financial Statements
| 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 | $99,289,703 |
| Investment income | $886,870 |
| 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 | $100,176,573 |
| 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. | $68,469 |
| Compensation of current officers, directors, key employees. | $68,469 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,107,066 |
| Pension plan accruals and contributions | $932,611 |
| Other employee benefits | $223,828 |
| Payroll taxes | $3,309,889 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,788 |
| Fees for services: Accounting | $19,987 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,578,864 |
| Advertising and promotion | $68,244 |
| Office expenses | $12,282 |
| Information technology | $69,111 |
| Royalties | $0 |
| Occupancy | $71,954 |
| Travel | $81 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $990 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,905 |
| Insurance | $261,942 |
| All other expenses | $2,314 |
| Total functional expenses | $91,831,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,273 |
| Savings and temporary cash investments | $17,624,592 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,504,313 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $133,912 |
| Net Land, buildings, and equipment | $1,338,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,753,986 |
| Accounts payable and accrued expenses | $4,454,433 |
| Grants payable | $0 |
| Deferred revenue | $255,322 |
| 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 | $178,584 |
| Total liabilities | $4,888,339 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $32,865,647 |
| Total liabilities and net assets/fund balances | $37,753,986 |