UCM Care Network Medical Group Inc

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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

2015

Legal Domicile

Phone

8778295500

Tax Period

2022-07-01 to 2023-06-30

UCM Care Network Medical Group Inc, founded in 2015, is a mid-sized nonprofit in the Health Care sector that reported $30.4M in total revenue in fiscal year 2022. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $36.7M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO ADVANCE THE SHARED MISSION OF UCM CARE NETWORK MEDICAL GROUP, INC. AND THE UNIVERSITY OF CHICAGO MEDICAL CENTER BY PROMOTING COMMUNITY HEALTH THROUGH THE EMPLOYMENT AND ENGAGEMENT OF PHYSICIANS AND OTHER PROFESSIONALS WITH THE OBJECTIVE OF PROVIDING HIGH QUALITY, COST EFFICIENT, AND EFFECTIVE CARE TO THE UNIVERSITY OF CHICAGO MEDICAL CENTER AND THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $10,244,800 Revenue: $5,110,210

PRIMARY CARE: Primary care practices provide expert care for preventive health and routine checkups. Care Network Medical Group has a world-renowned networK of physician specialists who can help with any medical issues that arise. A primary care physician (PCP) is a patient's main health care provider and is involved in short and long-term medical care. Every type of primary care physician is on staff, including Family Medicine Physicians, Geriatricians, Gynecologists, Internists, and Pediatricians. Many clinics also employ nurse practitioners. As a result, patients can receive the primary care services needed across a patient's lifetime. PCPs work side by side with any specialists to treat a disease or condition. Together, PCPs and specialists effectively co-manage patient health and ensure that patients receive comprehensive, coordinated care. Services provided include Annual wellness exams and preventive screenings for men, women and children, Immunizations and developmental screenings for children, Onsite outpatient procedures and diagnostics, School and sports physicals, Care for urgent medical issues, such as upper respiratory infections, urinary tract infections, sprains and bronchitis, and Care for common chronic conditions, such as diabetes, allergies, high blood pressure, asthma, arthritis, anxiety and depression. Many clinics also have onsite lab testing (e.g., blood sugar readings, urine analysis) so testing can be done at the same time patients visit physicians.

Program 2

Expenses: $4,275,892 Revenue: $4,336,165

OB/GYN: Experts at the University of Chicago Medicine provide a full spectrum of general and specialized obstetric and gynecologic care. From preventive well woman exams and prenatal care to...

OB/GYN: Experts at the University of Chicago Medicine provide a full spectrum of general and specialized obstetric and gynecologic care. From preventive well woman exams and prenatal care to minimally invasive surgery and high-risk pregnancy care, our team offers the latest advancements in reproductive health for women and girls.

Program 3

Expenses: $3,516,922 Revenue: $5,575,960

GASTROENTEROLOGY: The Digestive Diseases Center at the University of Chicago Medicine is a collaborative, multidisciplinary network of physicians, researchers and allied health professionals who...

GASTROENTEROLOGY: The Digestive Diseases Center at the University of Chicago Medicine is a collaborative, multidisciplinary network of physicians, researchers and allied health professionals who share a legacy of innovation and a common purpose: to improve the lives of patients who suffer from digestive diseases. The GI Specialty teams treat conditions such as celiac disease, colon & rectal surgery, esophageal diseases, gastrointestinal cancer, inflammatory bowel disease, interventional endoscopy, liver disease and transplant, obesity & weight management, pancreatic disease, and pediatric gastroenterology.

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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 $0

Program Service Revenue $30,128,612

Investment Income $0

Other Revenue $256,170

TOTAL REVENUE $30,384,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,045,957

Fundraising Expenses $0

Program Expenses $33,128,998

Other Expenses $19,671,058

TOTAL EXPENSES $36,717,015

Year-over-Year Comparison

	2022	2021	Change
Revenue	$30,384,782	$25,389,211	+0.2%
Expenses	$36,717,015	$37,967,268	0.0%
Net Income	$-6,332,233	$-12,578,057	-0.5%

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

440

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

$3,773,439

Total Directors

$6,840,397

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	BOARD CHAIR AND DIRECTOR	1.0	Officer Director	$0	$46,844	$1,063,810
N/A	PRESIDENT, CARE NETWORK	1.0	Officer Director	$0	$109,194	$671,954
N/A	DIRECTOR	40.0	Director	$486,630	$56,440	$543,070
N/A	DIRECTOR (THRU 11/12/22)	1.0	Director	$0	$20,618	$278,273
N/A	DIRECTOR	1.0	Director	$0	$59,898	$393,713
N/A	DIRECTOR	1.0	Director	$234,475	$44,944	$279,419
N/A	DIRECTOR	1.0	Director	$572,067	$29,040	$601,107
N/A	VP AND CHIEF AMBULATORY OFFICER	1.0	Director	$0	$87,665	$680,180
N/A	DIRECTOR	1.0	Director	$501,345	$26,189	$527,534
N/A	INTERIM PRESIDENT, INGALLS	1.0	Director	$0	$0	$0
N/A	DIRECTOR (EFF. 6/29/22)	1.0	Director	$0	$57,428	$1,018,728
N/A	DIRECTOR	1.0	Director	$0	$55,596	$348,385
N/A	DIRECTOR	1.0	Director	$0	$47,247	$434,224
N/A	TREASURER (THRU 5/1/23)	1.0	Officer	$0	$87,898	$541,441
N/A	CHIEF FINANCIAL OFFICER	1.0	Officer	$0	$211,348	$1,404,762
N/A	SECRETARY	1.0	Officer	$75,676	$15,796	$91,472
N/A	TREASURER (EFF. 5/2/23)	1.0	Officer	$0	$0	$0
N/A	VP NETWORK DEVELOPMENT	40.0	Highest	$365,336	$66,137	$431,473
N/A	PHYSICIAN	40.0	Highest	$390,804	$25,650	$416,454
N/A	PHYSICIAN	40.0	Highest	$681,804	$59,267	$741,071
N/A	PHYSICIAN	40.0	Highest	$401,573	$56,326	$457,899
N/A	PHYSICIAN	1.0	Highest	$490,469	$49,833	$540,302
N/A	FORMER CHIEF FINANCIAL OFFICER (THRU 4/22/21)	0.0		$0	$0	$251,969

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	$30,384,782	$36,717,015	$39,970,578	$-6,332,233
2022	$25,389,211	$37,967,268	$43,379,139	$-12,578,057
2021	$13,739,776	$25,148,760	$46,395,870	$-11,408,984
2020	$6,019,140	$10,957,063	$42,946,539	$-4,937,923