UNIVERSITY OF ALABAMA HEALTH SERVICES FOUNDATION PC

EIN: 630649108 501(c)(3) Health Care

BIRMINGHAM, AL

Total Revenue
$1,157,807,354
Total Expenses
$1,111,205,233
Total Assets
$1,109,484,457
Net Assets
$539,573,975
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
AL
Principal Officer
CHERI CANON MD
Phone
2057319600
Tax Period
2023-10-01 to 2024-09-30

UNIVERSITY OF ALABAMA HEALTH SERVICES FOUNDATION PC, founded in 1973, is a large national nonprofit in the Health Care sector that reported $1.2B in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.1B left a modest 4% surplus.

Mission

COORDINATE AND DELIVER PATIENT CARE IN A GROUP PRACTICE SETTING WITHIN THE ACADEMIC ENVIRONMENT OF THE UNIVERSITY OF ALABAMA AT BIRMINGHAM.

Program Service Accomplishments

Program 1
Expenses: $941,919,280 Revenue: $1,052,033,384

OPERATION OF A NONPROFIT PHYSICIAN GROUP PRACTICE CLOSELY AFFILIATED WITH THE UNIVERSITY OF ALABAMA AT BIRMINGHAM. HSF CONSISTS OF OVER 1,800 FACULTY PHYSICIANS AND FELLOWS OFFERING SERVICES IN 33...

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OPERATION OF A NONPROFIT PHYSICIAN GROUP PRACTICE CLOSELY AFFILIATED WITH THE UNIVERSITY OF ALABAMA AT BIRMINGHAM. HSF CONSISTS OF OVER 1,800 FACULTY PHYSICIANS AND FELLOWS OFFERING SERVICES IN 33 SPECIALTIES. THESE SERVICES ARE REINFORCED BY THE RESEARCH AND EDUCATIONAL PROGRAMS OF UAB'S ACADEMIC HEALTH CENTER, RESULTING IN STATE-OF-THE-ART CARE.

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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 $1,052,033,384
Investment Income $22,242,187
Other Revenue $83,531,783
TOTAL REVENUE $1,157,807,354

Expense Breakdown

Grants Paid $35,574,593
Salaries & Benefits $868,654,096
Fundraising Expenses $0
Program Expenses $941,919,280
Other Expenses $206,976,544
TOTAL EXPENSES $1,111,205,233

Year-over-Year Comparison

2023 2022 Change
Revenue $1,157,807,354 $1,041,041,429 +0.1%
Expenses $1,111,205,233 $1,014,005,624 +0.1%
Net Income $46,602,121 $27,035,805 +0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
11
Employees
5048
Volunteers
433

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
7
$4,633,336
Total Directors
22
$12,919,275
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES E DAVIES PHYSICIAN 40.0
Highest
$3,414,241 $90,465 $3,633,563
MUSTAFA I AHMED PHYSICIAN 40.0
Highest
$2,780,553 $75,212 $2,905,765
DAWN BULGARELLA CEO, UAB Health System 1.0
Director
$0 $106,175 $2,633,227
REID JONES FORMER CHIEF EXECUTIVE OFFICER 0.0
$35,170 $95,821 $2,531,810
CLIFTON LEWIS PHYSICIAN 40.0
Highest
$1,645,345 $136,237 $1,982,825
HERRICK J SIEGEL PHYSICIAN 40.0
Highest
$1,351,990 $90,581 $1,484,060
CLAY SPITLER MD PHYSICIAN 40.0
Highest
$1,382,558 $75,308 $1,482,166
JAMES MARKERT DIRECTOR/PHYSICIAN 40.0
Director
$911,384 $154,340 $1,447,351
HERBERT CHEN DIRECTOR/PHYSICIAN 40.0
Director
$1,064,685 $142,857 $1,437,690
ANUPAM AGARWAL DIRECTOR/PHYSICIAN 20.0
Director
$407,265 $187,782 $1,323,878
RAY WATTS FORMER PRESIDENT 1.0
$11,058 $212,341 $1,322,310
KEITH JONES PRESIDENT (UNTIL MAY 2024) 40.0
Officer Director
$481,073 $198,487 $1,224,045
CHERI CANON MD PRESIDENT (START MAY 2024) 40.0
Officer Director
$714,180 $122,912 $1,130,270
HUH WARNER MD DIRECTOR/PHYSICIAN 40.0
Director
$475,140 $91,781 $947,313
SETH LANDEFELD DIRECTOR/PHYSICIAN 40.0
Director
$493,062 $136,066 $945,010
IRFAN ASIF MD DIRECTOR/PHYSICIAN 40.0
Director
$364,966 $127,365 $727,404
JASON DANIEL VICE PRESIDENT 40.0
Officer
$20,671 $122,114 $663,235
ADRIENNE LAHTI DIRECTOR/PHYSICIAN 40.0
Director
$182,944 $69,441 $623,448
TERRY C FRY SECRETARY 10.0
Officer
$70,994 $100,157 $542,117
NANCY TOFIL DIRECTOR/PHYSICIAN 40.0
Director
$330,824 $78,902 $471,239
JASON SADLER CFO (START JULY 2024) 40.0
Officer
$0 $89,702 $404,008
MICHAEL F HECKMAN FORMER CFO 0.0
$348,901 $49,303 $398,204
STEVEN PAYNE INTERIM CFO (UNTIL JULY 2024) 40.0
Officer
$302,548 $45,888 $348,436
LOU BAVERSO COO, UAB HEALTH SYSTEM 40.0
Officer
$0 $12,202 $321,225
TIM LEWIS DIRECTOR 1.0
Director
$1,200 $0 $1,200
MIMI HEAD DIRECTOR 1.0
Director
$1,200 $0 $1,200
WILLIAM E HORTON DIRECTOR 1.0
Director
$1,200 $0 $1,200
BARBARA J KNIGHT DIRECTOR 1.0
Director
$1,200 $0 $1,200
JEFFREY A BAYER DIRECTOR 1.0
Director
$900 $0 $900
JAMES OUTLAND DIRECTOR 1.0
Director
$900 $0 $900
MYLA CALHOUN DIRECTOR 1.0
Director
$900 $0 $900
CHARLES D PERRY JR DIRECTOR 1.0
Director
$900 $0 $900
JOHN R THOMAS DIRECTOR 1.0
Director
$0 $0 $0
CARL S THIGPEN DIRECTOR 1.0
Director
$0 $0 $0
CT FITZPATRICK DIRECTOR 1.0
Director
$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
2024 $1,157,807,354 $1,111,205,233 $1,109,484,457 $46,602,121
2023 $1,041,041,429 $1,014,005,624 $958,953,030 $27,035,805
2022 $918,990,826 $943,244,695 $936,629,830 $-24,253,869
2021 $875,070,429 $867,252,849 $1,069,097,914 $7,817,580
2020 $804,371,344 $791,033,300 $949,146,576 $13,338,044
2019 $732,406,771 $731,100,260 $887,835,290 $1,306,511
2018 $679,076,741 $682,362,795 $901,660,322 $-3,286,054
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