UNIVERSITY OF LOUISVILLE PHYSICIANS INC (EIN 273645560) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

ERIC JOST

Phone

5025845270

Tax Period

2022-07-01 to 2023-06-30

UNIVERSITY OF LOUISVILLE PHYSICIANS INC, founded in 2010, is a major nonprofit in the Health Care sector that reported $354.0M in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $442.2M exceeded revenue, resulting in a 25% operating deficit.

Mission

PROVIDE PROFESSIONAL MEDICAL SERVICES IN A VARIETY OF MEDICAL SPECIALTIES AND DISCIPLINES IN ACCORDANCE WITH THE CORPORATION'S CHARITABLE MISSION: STRENGTHEN AND BROADEN THE RANGE OF SKILLS AND PATIENT POPULATIONS AVAILABLE FOR PHYSICIANS WHO ARE UNIVERSITY OF LOUISVILLE SCHOOL OF MEDICINE (ULSM) FACULTY TO CARRY ON PATIENT CARE, TEACHING AND RESEARCH; AND AID AND SUPPORT ULSM AND ITS CLINICAL DEPARTMENTS IN THE FURTHERANCE OF THEIR CHARITABLE, EDUCATIONAL AND SCIENTIFIC MISSION AND ACTIVITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $65,296,059

Program Service Revenue $283,441,080

Investment Income $328

Other Revenue $5,267,222

TOTAL REVENUE $354,004,689

Expense Breakdown

Grants Paid $4,067

Salaries & Benefits $353,949,768

Fundraising Expenses $0

Program Expenses $371,248,136

Other Expenses $88,244,719

TOTAL EXPENSES $442,198,554

Year-over-Year Comparison

	2022	2021	Change
Revenue	$354,004,689	$299,110,536	+0.2%
Expenses	$442,198,554	$394,907,161	+0.1%
Net Income	$-88,193,865	$-95,796,625	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

3010

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$4,945,541

Total Directors

$4,590,248

Key Employees

$3,990,923

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY MCMASTERS MD	BOARD CHAIR	40.00	Officer Director	$473,386	$381	$473,767
SEAN CLIFFORD MD	BOARD VICE CHAIR	40.00	Officer Director	$172,507	$951	$173,458
JEFFREY BUMPOUS MD	DIRECTOR	40.00	Director	$311,834	$149	$311,983
EYAS HATTAB MD	SECRETARY	40.00	Officer Director	$217,769	$24,385	$242,154
KIM WILLIAMS MD	TREASURER (BEG 08/22)	40.00	Officer Director	$129,392	$715	$130,107
VALERIE BRIONES-PRYOR MD	DIRECTOR	40.00	Director	$479,073	$44,104	$523,177
JOSEPH NEIMAT MD	DIRECTOR	40.00	Director	$317,121	$361	$317,482
AMIR PIRACHA MD	DIRECTOR	40.00	Director	$727,113	$49,398	$776,511
JARRED J THOMAS MD	DIRECTOR	40.00	Director	$238,144	$212	$238,356
TONI GANZEL MD	DIRECTOR, EX-OFFICIO (END 06/23)	3.00	Director	$0	$21,182	$696,793
JON BECKER MD	DIRECTOR	40.00	Director	$24,671	$20	$24,691
SOHAIL CONTRACTOR MD	DIRECTOR (TERM BEG 06/23)	40.00	Director	$393,586	$2,622	$396,208
TRACI EDWARDS MD	DIRECTOR	40.00	Director	$252,598	$32,963	$285,561
LARA FAKUNLE MD	DIRECTOR	40.00	Director	$0	$0	$0
KEN MARSHALL	COO, UOFL HEALTH, INC	3.00	Officer	$0	$13,497	$963,535
THOMAS MILLER	CEO UOFL HEALTH, INC	3.00	Officer	$0	$30,314	$1,653,819
MICHAEL DOUZUK JR	CFO UOFL HEALTH, INC (END 2023)	3.00	Officer	$0	$33,334	$984,207
ERIC JOST	CFO	40.00	Officer	$292,379	$32,115	$324,494
WADE MITZEL	VP OPERATIONS	40.00	Key Emp	$531,020	$22,702	$553,722
SAUNDRA DENHAM	VP OF COMPLIANCE	16.00	Key Emp	$288,889	$34,074	$322,963
DIANE PARTRIDGE	SR. VP OF MARKETING	20.00	Key Emp	$371,096	$12,356	$383,452
CYNTHIA LUCCHESE	CNO	40.00	Key Emp	$300,653	$21,491	$322,144
DEBORAH F MULLINS	CIO, UOFL HEALTH	20.00	Key Emp	$0	$11,712	$463,465
TERRY JOHNSON	SR. VP OF HR	40.00	Key Emp	$0	$4,993	$473,654
DEBORAH EDISON	VP REVENUE CYCLE	40.00	Key Emp	$250,286	$20,293	$270,579
PETER DIAKOV	GENERAL COUNSEL	40.00	Key Emp	$330,303	$25,947	$356,250
ZACHARY BOSTOCK	VP CLINICAL OPS	40.00	Key Emp	$286,795	$19,678	$306,473
KIRK STRACK	CFO, UOFL HEALTH, INC (BEG 2023)	3.00	Key Emp	$0	$29,809	$538,221
ARTHUR MALKANI MD	PHYSICIAN	40.00	Highest	$1,359,804	$59,488	$1,419,292
RAJDEEP GAITONDE	PHYSICIAN	40.00	Highest	$1,389,310	$60,968	$1,450,278
CHANDIHIRAN RANGASWAMY MD	PHYSICIAN	40.00	Highest	$1,110,611	$60,735	$1,171,346
SUNNY JOSEPH MD	PHYSICIAN	40.00	Highest	$1,029,157	$31,300	$1,060,457
ARUN UNMAT MD	PHYSICIAN	40.00	Highest	$938,383	$48,648	$987,031

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$354,004,689	$442,198,554	$158,803,537	$-88,193,865
2022	$299,110,536	$394,907,161	$136,970,051	$-95,796,625
2021	$292,132,120	$346,066,588	$142,554,326	$-53,934,468
2020	$257,646,648	$286,992,673	$106,403,641	$-29,346,025
2019	$223,249,959	$206,517,113	$94,052,163	$16,732,846
2018	$177,916,611	$171,991,093	$62,076,368	$5,925,518

UNIVERSITY OF LOUISVILLE PHYSICIANS INC