UT Medical Group Inc

EIN: 621162462 501(c)(3) Health Care

Memphis, TN

Total Revenue
$80,832,279
Total Expenses
$83,853,741
Total Assets
$44,059,544
Net Assets
$19,438,719
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
TN
Phone
9018668015
Tax Period
2023-01-01 to 2023-12-31

UT Medical Group Inc, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $80.8M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

To be a successful physician led, professionally managed medical practice that benefits our patients and our community, while supporting the UT Health Science Center's mission through clinical excellence, financial responsibility and a culture of care at every touch point.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $64,405,932
Investment Income $88,329
Other Revenue $16,338,018
TOTAL REVENUE $80,832,279

Expense Breakdown

Grants Paid $287,078
Salaries & Benefits $56,480,604
Fundraising Expenses $0
Program Expenses $68,942,906
Other Expenses $27,086,059
TOTAL EXPENSES $83,853,741

Year-over-Year Comparison

2023 2022 Change
Revenue $80,832,279 $85,555,164 -0.1%
Expenses $83,853,741 $87,680,850 0.0%
Net Income $-3,021,462 $-2,125,686 +0.4%
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

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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
9
Independent Members
N/A
Employees
617
Volunteers
20

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
5
$3,799,984
Total Directors
14
$10,381,034
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHIEF MEDICAL OFFICER 10.0
Officer Director
$458,987 $74,885 $730,785
N/A CHAIRMAN OF THE BOARD 2.0
Officer Director
$85,519 $32,732 $2,122,853
N/A CEO and Board Member 40.0
Officer Director
$361,615 $41,212 $402,827
N/A SECRETARY, CHAIR OF UTHSC 10.0
Director
$502,860 $86,696 $784,819
N/A SR VICE CHANCELLOR OF FINA 2.0
Director
$0 $44,634 $466,015
N/A CHAIR OF UTHSC DEPT OF SUR 2.0
Director
$0 $25,973 $870,392
N/A CHAIR OF UTHSC DEPT OF MED 2.0
Director
$0 $49,377 $548,974
N/A SR EXEC ASSOCIATE DEAN OF 2.0
Director
$0 $63,050 $724,002
N/A FORMER EXEC VICE CHANCELLOR OF UT 2.0
Director
$0 $37,014 $889,950
N/A CHAIR OF UTHSC DEPT OF OTO 10.0
Director
$398,285 $83,793 $743,390
N/A CHAIR OF UTHSC DEPT OF FAM 2.0
Director
$62,844 $58,943 $576,249
N/A VICE CHANCELLOR OF STRATEGIC PSHIP 2.0
Director
$0 $39,464 $409,166
N/A EXEC VICE CHANCELLOR OF UT 2.0
Director
$0 $57,208 $256,366
N/A CHAIR OF UTHSC DEPT OF DER 38.0
Director
$520,053 $67,541 $855,246
N/A Chief Administrative Officer 40.0
Officer
$225,478 $24,384 $249,862
N/A CFO 40.0
Officer
$246,774 $46,883 $293,657
N/A PHYSICIAN 38.0
Highest
$741,367 $51,617 $799,178
N/A PHYSICIAN 38.0
Highest
$523,426 $107,812 $843,540
N/A PHYSICIAN 38.0
Highest
$602,102 $87,872 $796,221
N/A PHYSICIAN 38.0
Highest
$558,769 $41,065 $687,457
N/A PHYSICIAN 38.0
Highest
$814,055 $46,473 $892,862
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
2024 No data No data No data No data
2023 $80,832,279 $83,853,741 $44,059,544 $-3,021,462
2022 $85,555,164 $87,680,850 $47,663,795 $-2,125,686
2021 $90,614,625 $90,646,887 $46,840,013 $-32,262
2020 $94,800,511 $93,586,960 $51,648,174 $1,213,551
2019 $79,350,880 $81,107,575 $46,543,175 $-1,756,695
2018 $74,071,659 $77,160,934 $39,025,304 $-3,089,275
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