UNIVERSITY MEDICAL CENTER INC

EIN: 611293786 501(c)(3) Health Care

LOUISVILLE, KY

Total Revenue
$1,071,307,710
Total Expenses
$937,609,362
Total Assets
$1,062,047,011
Net Assets
$613,968,738
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Organization Details

Formation Year
1995
Legal Domicile
KY
Principal Officer
KIRK STRACK
Phone
5025263621
Tax Period
2024-07-01 to 2025-06-30

UNIVERSITY MEDICAL CENTER INC, founded in 1995, is a large national nonprofit in the Health Care sector that reported $1.1B in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $937.6M left a modest 12% surplus.

Mission

TO PROVIDE CARE TO OUR COMMUNITY AND TO SERVE AS A MAJOR TEACHING HOSPITAL FOR EDUCATION AND TRAINING IN MEDICINE, DENTISTRY, NURSING, AND ALLIED HEALTH PROFESSIONS.

Program Service Accomplishments

Program 1
Expenses: $827,044,218 Revenue: $1,062,014,834

UNIVERSITY MEDICAL CENTER OPERATES THE UNIVERSITY OF LOUISVILLE HOSPITAL AND BROWN CANCER CENTER. UOFL HEALTH - UOFL HOSPITAL, AN ACADEMIC TEACHING AND RESEARCH HOSPITAL WITH 404 LICENSED BEDS, IS AT...

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UNIVERSITY MEDICAL CENTER OPERATES THE UNIVERSITY OF LOUISVILLE HOSPITAL AND BROWN CANCER CENTER. UOFL HEALTH - UOFL HOSPITAL, AN ACADEMIC TEACHING AND RESEARCH HOSPITAL WITH 404 LICENSED BEDS, IS AT THE HEART OF THE LOUISVILLE METRO AREA IN DOWNTOWN LOUISVILLE. UOFL HOSPITAL OFFERS A SECOND-TO-NONE CANCER CENTER, WORLD-RENOWNED TRAUMA TEAM AND A UNIQUELY STREAMLINED, NATIONALLY ACCREDITED STROKE CENTER - THE LATEST INNOVATIONS IN A HISTORY OF WORLD-CLASS CARE. UOFL HOSPITAL IS THE ONLY ADULT LEVEL I TRAUMA CENTER IN THE REGION. THE TRAUMA CENTER ADMITS MORE THAN 3,000 PATIENTS EACH YEAR, INCLUDING 1,500 PATIENTS A YEAR WHO LIVE OUTSIDE JEFFERSON COUNTY AND ITS SURROUNDING COUNTIES, MAKING IT A RESOURCE NOT ONLY FOR LOUISVILLE RESIDENTS BUT ALSO FOR PEOPLE THROUGHOUT KENTUCKIANA. INCLUDED WITHIN THE TRAUMA CARE PROVIDED AT UOFL HOSPITAL IS THE ONLY DEDICATED BURN CENTER IN KENTUCKY. WITHIN UOFL HOSPITAL, UOFL HEALTH BROWN CANCER CENTER FEATURES MULTIDISCIPLINARY TEAMS SPECIALIZING IN TREATING CANCERS OF THE BLOOD AND BONE MARROW, BREAST, HEAD AND NECK, LUNGS, AND SKIN, AS WELL AS THE CENTRAL NERVOUS SYSTEM (BRAIN AND SPINE), GASTROINTESTINAL, GENITOURINARY AND REPRODUCTIVE SYSTEMS. KEY SERVICE LINES INCLUDE: 24/7 EMERGENCY CARE AND LEVEL I TRAUMA CENTER, ACADEMIC MEDICAL CENTER, BROWN CANCER CENTER, BURN CENTER, COMPREHENSIVE STROKE CENTER, HIGH-RISK OBSTETRICS SERVICES, ROBOTIC SURGICAL CARE, INCLUDING EAR, NOSE AND THROAT, GYNECOLOGIC AND SURGICAL ONCOLOGY, UROLOGY AND UROGYNECOLOGY, GENERAL AND COLORECTAL SURGERY. UOFL HEALTH BROWN CANCER CENTER IS AN ACADEMIC CANCER CENTER AFFILIATED WITH THE UOFL SCHOOL OF MEDICINE. THE CANCER CENTER'S GOAL IS TO MAKE CANCER A DISEASE OF THE PAST THROUGH CUTTING-EDGE CARE, INNOVATIVE CLINICAL TRIALS AND CANCER PREVENTION EFFORTS. BROWN CANCER CENTER IS HOME TO KENTUCKY'S FIRST AND LONGEST-ACCREDITED PROGRAM BY THE NATIONAL ACCREDITATION PROGRAM FOR BREAST CENTERS. WE ARE A NATIONALLY RECOGNIZED CENTER FOR DEVELOPING EXPERIMENTAL CANCER THERAPEUTICS AND DIAGNOSTICS AND HAVE THE MOST SIGNIFICANT CANCER TRIALS PROGRAM IN THE REGION. WE ARE A GLOBAL LEADER IN THE CLINICAL TRIAL TESTING OF NEW IMMUNOTHERAPIES THAT ACTIVATE YOUR BODY'S IMMUNE SYSTEM TO FIGHT CANCER AND HAVE BECOME EARLY ADOPTERS OF THESE IMMUNOTHERAPIES THAT REDUCE THE CANCER DEATH RATE IN THE U.S. THE CENTER FOR CANCER IMMUNOLOGY AND IMMUNOTHERAPY HAS BEEN ESTABLISHED THROUGH EXPERTS AT THE BROWN CANCER CENTER TO UNDERSTAND FURTHER THE ROLE OF CANCER AND THE IMMUNE SYSTEM TO IDENTIFY NEW THERAPEUTIC TARGETS AND DEVELOP INNOVATIVE TREATMENT STRATEGIES. KEY SERVICE LINES INCLUDE MULTIDISCIPLINARY TEAMS SPECIALIZING IN THE TREATMENT OF: BLOOD AND BONE MARROW CANCERS, BREAST CANCER, HEAD AND NECK CANCERS, LUNG CANCER, MELANOMA AND OTHER SKIN CANCERS, BRAIN AND SPINE CANCERS, GASTROINTESTINAL CANCER, GENITOURINARY CANCER, GYNECOLOGIC CANCERS, SARCOMA, BENIGN TUMORS AND CONDITIONS.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,072,777
Program Service Revenue $1,047,542,277
Investment Income $12,004,057
Other Revenue $10,688,599
TOTAL REVENUE $1,071,307,710

Expense Breakdown

Grants Paid $7,888,076
Salaries & Benefits $293,306,897
Fundraising Expenses $0
Program Expenses $827,044,218
Other Expenses $636,414,389
TOTAL EXPENSES $937,609,362

Year-over-Year Comparison

2024 2023 Change
Revenue $1,071,307,710 $902,894,411 +0.2%
Expenses $937,609,362 $875,623,841 +0.1%
Net Income $133,698,348 $27,270,570 +3.9%
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
11
Independent Members
1
Employees
12092
Volunteers
2

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
$5,125,109
Total Directors
11
$8,919,636
Key Employees
11
$3,739,166
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY BUMPOUS MD DIRECTOR/UOFL PROFESSOR 1.00
Director
$257 $55,272 $805,646
JASON CHESNEY MD DIRECTOR/IMMUNO-ONCOLOGIST (BCC)/UOFL PROFESSOR 1.00
Director
$691,611 $62,947 $1,417,668
SEAN FRANCIS MD CHAIR/OBGYN (ULP)/UOFL ASSOC. PROFESSOR 1.00
Officer Director
$0 $50,906 $796,879
KRISTINE KRUEGER MD VICE CHAIR/GASTROENTEROLOGIST (ULP) 1.00
Officer Director
$0 $51,680 $725,934
MARY NAN MALLORY MD MBA FAAEM FAO DIRECTOR 1.00
Director
$0 $43,647 $432,216
KELLY MCMASTERS MD PHD DIRECTOR/SURGEON (BCC)/UOFL PROFESSOR 1.00
Director
$498,544 $70,052 $1,098,546
RONALD WRIGHT MD DIRECTOR 1.00
Director
$0 $0 $0
RODRIGO CAVALLAZZI MD DIRECTOR/PULMONOLOGIST (ULP)/UOFL ASSOC. PROFESSOR 1.00
Director
$0 $39,557 $562,159
THOMAS D MILLER CEO, UOFL HEALTH/SEC./TREASURER 18.00
Officer Director
$572,757 $42,566 $1,506,278
DINESH KALRA MD DIRECTOR/CARDIOLOGIST (ULP/JEWISH)/UOFL PROFESSOR 1.00
Director
$261,674 $57,362 $859,117
JEREMY J THOMAS MD DIRECTOR/EMER. CARE (UMC)/UOFL PROFESSOR 40.00
Director
$225,494 $55,138 $715,193
KEN MARSHALL COO, UOFL HEALTH 18.00
Officer
$272,634 $22,266 $718,997
KIRK STRACK CFO, UOFL HEALTH 18.00
Officer
$215,647 $39,132 $590,229
JASON SMITH MD CMO-UOFL HEALTH/UOFL ASSOC. PROFESSOR 18.00
Officer
$117,855 $54,930 $786,792
DEBORAH F MULLINS SYSTEM VP, INFORMATION TECHNOLOGY 20.00
Key Emp
$220,175 $21,328 $461,679
SHARI KRETZSCHMER VP PATEINT SERVICES 20.00
Key Emp
$194,729 $30,328 $419,786
STEPHEN AMSLER SYSTEM VP, FACILITIES AND SECURITY 40.00
Key Emp
$289,688 $31,410 $321,098
SAUNDRA DENHAM SYSTEM VP, COMPLIANCE AND AUDIT 20.00
Key Emp
$20,405 $46,124 $215,834
PAUL NAGY VP CONTRACTING 40.00
Key Emp
$334,637 $47,293 $381,930
JAMES RAYOME CHIEF LEGAL OFFICER 40.00
Key Emp
$346,187 $42,519 $388,706
ROBERT A VAN BUSKIRK VP SUPPLY CHAIN OPS 40.00
Key Emp
$305,870 $28,282 $334,152
ROBERT FINK VP PHARMACY SERVICES 40.00
Key Emp
$275,509 $15,175 $290,684
KAMI WALKER VP QUALITY & SAFETY (END 4/25) 40.00
Key Emp
$270,074 $42,123 $312,197
PAMELA AKINS COO/CNO UMC/VP PATIENT CARE SVCS (M&E) 20.00
Key Emp
$152,492 $42,124 $347,108
LAURA ATKINSON CHIEF HR OFFICER, SR. VP (BEG 07/24) 20.00
Key Emp
$126,235 $13,522 $265,992
MICKEY WELSCHER VP OF REIMBURSEMENT 40.00
Highest
$262,171 $29,236 $291,407
ABDULLAH ALMOSAWI RADIOLOGIC TECHNOLOGIST 36.00
Highest
$239,664 $6,085 $245,749
KEITH SOWARDS PHYSICIST 38.00
Highest
$231,284 $8,531 $239,815
JOSHUA JAMES PHYSICIST/UOFL ASSISTANT PROFESSOR 38.00
Highest
$220,865 $9,236 $230,101
MEGAN BLACKBURN CHIEF PHYSICIST/UOFL CLINICAL PHYSICIST 36.00
Highest
$218,519 $8,404 $226,923
DIANE PARTRIDGE SR. VP MARKETING AND COMMUNICATION (END 06/24) 20.00
$120,397 $9,668 $250,462
TERRY JOHNSON SR. VP OF HR (END 05/24) 40.00
$339,687 $18,973 $358,660
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 $1,071,307,710 $937,609,362 $1,062,047,011 $133,698,348
2024 No data No data No data No data
2024 $902,894,411 $875,623,841 $983,044,796 $27,270,570
2023 $881,901,073 $829,626,884 $972,904,316 $52,274,189
2022 $825,548,326 $743,827,728 $1,018,010,392 $81,720,598
2021 $698,552,044 $681,386,872 $739,889,008 $17,165,172
2020 $636,566,362 $596,910,033 $770,505,785 $39,656,329
2019 $582,668,370 $550,114,070 $511,839,650 $32,554,300
2018 $465,758,211 $531,314,621 $453,418,616 $-65,556,410
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