MCV Associated Physicians

EIN: 541581185 501(c)(3) Health Care

RICHMOND, VA

Total Revenue
$632,316,187
Total Expenses
$731,700,018
Total Assets
$1,741,033,119
Net Assets
$-159,710,415
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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
VA
Phone
8048278400
Tax Period
2022-07-01 to 2023-06-30

MCV ASSOCIATED PHYSICIANS, founded in 1991, is a major nonprofit in the Health Care sector that reported $427.8M in total revenue in fiscal year 2017.

Mission

SUPPORTING THE HEALTHCARE NEEDS OF THE COMMUNITY & THE MISSION OF THE VCU SCHOOL OF MEDICINE.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $46,830,155
Program Service Revenue $585,483,106
Investment Income $2,759
Other Revenue $167
TOTAL REVENUE $632,316,187

Expense Breakdown

Grants Paid $16,939,121
Salaries & Benefits $529,038,859
Fundraising Expenses $0
Program Expenses $704,384,097
Other Expenses $185,722,038
TOTAL EXPENSES $731,700,018

Year-over-Year Comparison

2022 2021 Change
Revenue $632,316,187 $572,404,350 +0.1%
Expenses $731,700,018 $696,730,850 +0.1%
Net Income $-99,383,831 $-124,326,500 -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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Governance

Voting Members
8
Independent Members
N/A
Employees
3230
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
2
$1,249,032
Total Directors
11
$6,330,972
Key Employees
1
$1,229,262
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TREAS / SEC /COO 60.0
Officer Director
$482,846 $40,291 $523,137
N/A PRESIDENT/CHAIR (JUN) 64.0
Officer Director
$608,923 $65,522 $725,895
N/A DIRECTOR (JUNE) 39.0
Director
$278,567 $85,222 $537,348
N/A DIRECTOR 55.0
Director
$770,850 $65,493 $943,835
N/A DIRECTOR 36.0
Director
$220,783 $26,864 $247,647
N/A DIRECTOR 45.0
Director
$568,693 $75,126 $824,268
N/A DIRECTOR 40.0
Director
$409,768 $41,150 $450,918
N/A DIRECTOR 40.0
Director
$518,625 $78,661 $699,029
N/A DIRECTOR 39.5
Director
$186,580 $49,012 $296,824
N/A DIRECTOR 55.0
Director
$374,532 $69,611 $484,814
N/A DIRECTOR 30.0
Director
$93,791 $79,841 $597,257
N/A DEPT. CHAIR 43.0
Key Emp
$811,433 $105,160 $1,229,262
N/A NEUROSURGEON 47.0
Highest
$1,000,168 $62,558 $1,102,717
N/A Cardiologist 65.0
Highest
$931,667 $66,160 $1,076,546
N/A General Surgeon 40.0
Highest
$1,019,721 $65,493 $1,100,929
N/A Plastic Surgeon 60.0
Highest
$1,097,249 $46,621 $1,195,353
N/A NEUROSURGEON 57.0
Highest
$911,802 $73,274 $1,034,509
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
2023 $632,316,187 $731,700,018 $1,741,033,119 $-99,383,831
2022 $572,404,350 $696,730,850 $913,688,645 $-124,326,500
2021 $539,983,630 $600,621,526 $296,921,285 $-60,637,896
2020 $528,318,709 $509,534,603 $240,909,782 $18,784,106
2019 $467,163,359 $475,770,274 $257,635,543 $-8,606,915
2018 $427,751,420 $457,532,921 $203,593,190 $-29,781,501
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