UCM Care Network Medical Group Inc

EIN: 474221241 501(c)(3) Health Care

Chicago, IL

Total Revenue
$30,384,782
Total Expenses
$36,717,015
Total Assets
$39,970,578
Net Assets
$-31,569,656
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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
IL
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.

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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%)

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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

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Governance

Voting Members
12
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
6
$3,773,439
Total Directors
13
$6,840,397
Key Employees
0
$0
Highest Compensated
5
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
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