University of Virginia Physicians … - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

SUSAN RUMSEY

Phone

4342951000

Tax Period

2022-07-01 to 2023-06-30

University of Virginia Physicians Group, founded in 1979, is a major nonprofit in the Health Care sector that reported $649.7M in total revenue in fiscal year 2022.

Mission

THE MISSION OF THE UNIVERSITY OF VIRGINIA HEALTH SYSTEM IS TRANSFORMING HEALTH AND INSPIRING HOPE FOR ALL VIRGINIANS AND BEYOND. ITS VISION IS TO BE THE NATION'S LEADING PUBLIC ACADEMIC HEALTH SYSTEM AND A BEST PLACE TO WORK - WHILE TRANSFORMING PATIENT CARE, RESEARCH, EDUCATION, AND ENGAGEMENT WITH THE DIVERSE COMMUNITIES IT SERVES.

Program Service Accomplishments

Program 1

Expenses: $602,852,200 Revenue: $625,890,330

THE UNIVERSITY OF VIRGINIA PHYSICIANS GROUP (UPG) SUPPORTS THE UNIVERSITY OF VIRGINIA BY EMPLOYING PHYSICIANS WHO ARE FACULTY MEMBERS OF THE UNIVERSITY OF VIRGINIA SCHOOL OF MEDICINE AND PROVIDE...

THE UNIVERSITY OF VIRGINIA PHYSICIANS GROUP (UPG) SUPPORTS THE UNIVERSITY OF VIRGINIA BY EMPLOYING PHYSICIANS WHO ARE FACULTY MEMBERS OF THE UNIVERSITY OF VIRGINIA SCHOOL OF MEDICINE AND PROVIDE PATIENT CARE, TEACH MEDICAL STUDENTS, ENGAGE IN MEDICAL RESEARCH, AND PROVIDE OTHER HEALTH CARE-RELATED SERVICES IN CONJUNCTION WITH THE UNIVERSITY OF VIRGINIA MEDICAL CENTER. UPG ALSO PROVIDES FUNDS TO THE UNIVERSITY OF VIRGINIA IN SUPPORT OF HEALTH RELATED ACTIVITIES OF THE UNIVERSITY OF VIRGINIA MEDICAL CENTER. FOR THE YEAR ENDED JUNE 30, 2023, UPG PROVIDED PATIENT CARE AS FOLLOWS: INPATIENTS: 304,220; OUTPATIENTS: 1,147,757; HOME VISITS: 2,059; NOT CLASSIFIED/UNKNOWN: 566 EXPENSES INCURRED BY UPG, FOR THE YEAR ENDING JUNE 30, 2023, IN CARRYING OUT ITS EXEMPT PURPOSES TOTALED $602,852,200. OF THAT AMOUNT, $52,563,352 CONSISTED OF GRANTS AND CONTRIBUTIONS TO THE UNIVERSITY OF VIRGINIA.

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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 $4,336,874

Program Service Revenue $625,890,330

Investment Income $-499,771

Other Revenue $19,974,818

TOTAL REVENUE $649,702,251

Expense Breakdown

Grants Paid $52,563,352

Salaries & Benefits $468,884,003

Fundraising Expenses $0

Program Expenses $602,852,200

Other Expenses $133,402,015

TOTAL EXPENSES $654,849,370

Year-over-Year Comparison

	2022	2021	Change
Revenue	$649,702,251	$616,203,173	+0.1%
Expenses	$654,849,370	$597,798,150	+0.1%
Net Income	$-5,147,119	$18,405,023	-1.3%

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

2292

Volunteers

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

$1,510,470

Total Directors

$9,145,475

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG KENT MD	EVP FOR HEALTH AFFAIRS	1.6	Director	$41,052	$248,075	$1,566,146
ABHINAV B CHHABRA MD	PHYSICIAN/PROFESSOR	37.8	Highest	$1,163,821	$43,421	$1,544,110
JAMES GANGEMI MD	PHYSICIAN/PROFESSOR	33.7	Highest	$982,039	$55,985	$1,335,531
REID ADAMS MD	PHYSICIAN DIRECTOR (THRU 6/22)	19.3	Director	$816,872	$63,808	$1,294,083
STEPHEN S PARK MD	PHYSICIAN/PROFESSOR	41.1	Highest	$1,002,418	$34,329	$1,251,039
WENDY HORTON	UVA HEALTH CEO	0.2	Director	$0	$188,518	$1,236,574
JAMES M LARNER MD	PHYSICIAN DIRECTOR	36.4	Highest	$990,834	$28,352	$1,116,952
MELINA KIBBE MD	DEAN, UVA SOM	0.0	Director	$128,568	$184,197	$1,096,834
DAVID DIDUCH MD	PHYSICIAN/PROFESSOR	37.8	Highest	$999,048	$365	$999,413
JENNIFER W DAVIS	UVA EXECUTIVE VP	0.3	Director	$0	$160,251	$880,311
ART SAAVEDRA MD	PHYS. DIR./UPG PRES(THRU 4/23)	38.3	Officer	$663,670	$28,869	$852,933
ALAN H MATSUMOTO MD	FACULTY ELECTED DIR.	39.2		$626,765	$32,774	$809,712
PETER NETLAND MD	PHYSICIAN DIRECTOR	0.0	Director	$410,148	$43,736	$652,379
MITCHELL H ROSNER MD	CHAIR, MEDICINE	10.33		$150,528	$63,094	$640,021
MARGARET CLARKE TRACCI	VICE CHAIR OF THE BOARD	40.0	Director	$494,732	$25,578	$618,546
LI LI MD	PHYSICIAN DIRECTOR	36.4	Director	$152,655	$48,872	$467,689
GREGORY B FAIRCHILD PHD MBA	ELECTED PUBLIC MEMBR	0.0		$0	$60,105	$451,395
SUSAN RUMSEY	CHIEF FINANCIAL OFFICER	59.0	Officer	$420,392	$28,901	$449,293
MO NADKARNI MD	PHYSICIAN DIRECTOR	26.3	Director	$182,366	$39,725	$379,549
J COREY FEIST	CEO, UPG	59.0		$56,577	$2,402	$343,979
ROBERT H THIELE MD	Physician Director	40.0	Director	$182,029	$32,498	$332,849
LAURA MORGAN ROBERTS	ELECTED PUBLIC MEMBER	0.2	Director	$0	$31,768	$313,803
REBEKAH COMPTON	ADVANCE PRACT PRV DR.	50.0	Director	$278,180	$28,532	$306,712
MARC RICKABAUGH	DIR. OF FINANCE/CORP.TREASURER	59.0	Officer	$182,905	$25,339	$208,244
SCOTT SYVERUD MD	PUBLIC DIRECTOR	36.4		$0	$12,770	$61,410
CLAIRE W GARGALLI	ELECTED PUBLIC MEMBER	0.7	Director	$0	$0	$0
JULIE SPEASMAKER	ELECTED PUBLIC MEMBER	0.7	Director	$0	$0	$0
LOUISE MCNAMEE	ELECTED PUBLIC MEMBER	0.5	Director	$0	$0	$0
MARK LORENZONI	ELECTED PUBLIC MEMBER	0.2	Director	$0	$0	$0
TOM DANIEL MD	ELECTED PUBLIC MEMBER	0.5	Director	$0	$0	$0
MARK ROBERTS CPA	ELECTED PUBLIC MEMBER	0.5	Director	$0	$0	$0
DREW HOLZWARTH	ELECTED PUBLIC MEMBER	0.7	Director	$0	$0	$0
GLORIA ROCKHOLD	ELECTED PUBLIC MEMBER	0.5	Director	$0	$0	$0
Mr Jeff Burton	ELECTED PUBLIC MEMBER	0.5	Director	$0	$0	$0
Kelli Palmer	ELECTED PUBLIC MEMBER	0.5	Director	$0	$0	$0
Michael Guthrie	ELECTED PUBLIC MEMBER	0.5	Director	$0	$0	$0
Sharon Hostler	ELECTED PUBLIC MEMBER	0.5	Director	$0	$0	$0
Craig Wood	ELECTED PUBLIC MEMBER	0.5	Director	$0	$0	$0
BABUR B LATEEF MD	UVA BOARD OF VISITORS	0.3	Director	$0	$0	$0
J Scott Just MD	ceo (AS OF 5/30/23)	59.0	Officer	$0	$0	$0

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	$649,702,251	$654,849,370	$527,246,214	$-5,147,119
2022	$616,203,173	$597,798,150	$453,851,421	$18,405,023
2021	$580,982,808	$574,505,365	$487,439,220	$6,477,443
2020	$549,269,430	$548,661,370	$419,469,334	$608,060
2019	$547,964,169	$549,033,344	$380,137,541	$-1,069,175
2018	$521,849,620	$523,288,103	$342,945,105	$-1,438,483

University of Virginia Physicians Group