UNIVERSITY MEDICAL DIAGNOSTIC ASSOCIATES (EIN 351183155) - 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

1987

Legal Domicile

Principal Officer

THOMAS BETLEY

Phone

3172781267

Tax Period

2023-07-01 to 2024-06-30

UNIVERSITY MEDICAL DIAGNOSTIC ASSOCIATES, founded in 1987, is a mid-sized nonprofit in the Health Care sector that reported $77.5M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $71.1M left a modest 8% surplus.

Mission

UNIVERSITY MEDICAL DIAGNOSTIC ASSOCIATES, INC. (UMDA), IS A FACULTY PRACTICE GROUP EXISTING TO PROVIDE MEDICAL EDUCATION AND PATIENT SERVICES AS AN ADJUNCT TO THE INDIANA UNIVERSITY SCHOOL OF MEDICINE. MEDICAL CARE IS PROVIDED TO ALL PATIENTS REGARDLESS OF THEIR ABILITY TO PAY. THE MEMBER PHYSICIANS AND HOSPITALS IN WHICH THE PHYSICIANS PROVIDE SERVICES HAVE CHARITY CARE POLICIES FOR THOSE PATIENTS WHO ARE UNABLE TO PAY. IN ADDITION, CONTRIBUTIONS ARE MADE TO THE DEPARTMENT OF MEDICINE OF THE INDIANA UNIVERSITY SCHOOL OF MEDICINE FOR WHOSE BENEFIT UMDA IS OPERATED, AS WELL AS FOR ACTIVITIES WHICH MAY FURTHER THE PROGRESS OF MEDICAL RESEARCH AND EDUCATION INCLUDING PROVIDING REQUIRED FACILITIES NECESSARY TO MEET THESE GOALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $63,574,403

Investment Income $1,975,293

Other Revenue $11,969,446

TOTAL REVENUE $77,519,142

Expense Breakdown

Grants Paid $4,605,292

Salaries & Benefits $466,374

Fundraising Expenses $0

Program Expenses $70,991,567

Other Expenses $66,039,320

TOTAL EXPENSES $71,110,986

Year-over-Year Comparison

	2023	2022	Change
Revenue	$77,519,142	$84,263,194	-0.1%
Expenses	$71,110,986	$78,818,084	-0.1%
Net Income	$6,408,156	$5,445,110	+0.2%

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

N/A

Employees

326

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

$287,437

Total Directors

$1,076,660

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE CLARY MD	PRESIDENT/PHYSICIAN	2.00	Officer Director	$1,981	$0	$61,981
THOMAS BETLEY	TREASURER	2.00	Officer Director	$0	$0	$155,456
DAVID ARONOFF MD	SECRETARY/PHYSICIAN	2.00	Officer Director	$0	$0	$70,000
MOHAMMAD AL-HADDAD MD	DIRECTOR/PHYSICIAN	2.00	Director	$90,226	$0	$160,226
MICHAEL ECONS MD	DIRECTOR/PHYSICIAN	2.00	Director	$5,922	$0	$75,922
SAMIR GUPTA MD	DIRECTOR/PHYSICIAN	2.00	Director	$907	$0	$70,907
STEVEN HUGENBERG MD	DIRECTOR/PHYSICIAN	2.00	Director	$742	$0	$60,742
GREGORY KIRAY MD	DIRECTOR/PHYSICIAN	2.00	Director	$0	$0	$60,000
KELVIN LEE MD	DIRECTOR/PHYSICIAN TERM ENDED	2.00	Director	$0	$0	$0
ROBERTO MACHADO MD	DIRECTOR/PHYSICIAN	2.00	Director	$6,220	$0	$76,220
RAKESH MEHTA MD	DIRECTOR/PHYSICIAN	2.00	Director	$205	$0	$60,205
SHARON MOE MD	DIRECTOR/PHYSICIAN	2.00	Director	$8,000	$0	$78,000
SUBHA RAMAN MD	DIRECTOR/PHYSICIAN TERM ENDED	2.00	Director	$0	$0	$0
GREG SACHS MD	DIRECTOR/PHYSICIAN	2.00	Director	$0	$0	$70,000
KARA WOOLS-KALOUSTIAN MD	DIRECTOR/PHYSICIAN	2.00	Director	$7,001	$0	$77,001
ROHAN DHARMAKUMAR	PHYSCIAN	1.00	Highest	$2,312	$0	$296,302
TODD SKAAR	PHYSCIAN	1.00	Highest	$10,494	$0	$262,607
ZERUESENAY DESTA	PHYSCIAN	1.00	Highest	$9,539	$0	$249,058
PATRICK LOEHRER	PHYSCIAN	1.00	Highest	$514	$0	$244,270
JOHN TURCHI	PHYSCIAN	1.00	Highest	$5,555	$0	$241,797

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	$77,519,142	$71,110,986	$68,205,591	$6,408,156
2023	$84,263,194	$78,818,084	$63,066,203	$5,445,110
2022	$87,451,887	$81,768,582	$57,232,311	$5,683,305
2021	$78,649,130	$77,208,097	$52,798,303	$1,441,033
2020	$73,104,492	$68,580,389	$50,715,286	$4,524,103
2019	$68,787,158	$65,268,543	$45,614,540	$3,518,615

UNIVERSITY MEDICAL DIAGNOSTIC ASSOCIATES