U OF L HEALTH - LOUISVILLE INC

EIN: 843178470 501(c)(3) Health Care

LOUISVILLE, KY

Total Revenue
$1,246,089,040
Total Expenses
$1,176,817,380
Total Assets
$905,302,182
Net Assets
$26,892,994
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
KY
Principal Officer
KIRK STRACK
Phone
5025617213
Tax Period
2022-07-01 to 2023-06-30

U OF L HEALTH - LOUISVILLE INC, founded in 2019, is a large national nonprofit in the Health Care sector that reported $1.2B in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.2B left a modest 6% surplus.

Mission

TO OPERATE AND MAINTAIN HOSPITALS AFFILIATED WITH THE UNIVERSITY OF LOUISVILLE SCHOOL OF MEDICINE AND TO PROVIDE CARE FOR THE PEOPLE WHO ARE IN NEED OF THOSE, OR RELATED, MEDICAL SERVICES.

Program Service Accomplishments

Program 1
Expenses: $898,139,509 Revenue: $1,228,401,124

UOFL HEALTH LOUISVILLE, INC. OPERATES FOUR HOSPITALS IN THE LOUISVILLE METROPOLITAN AREA, EACH OFFERING UNIQUE AND VITAL SERVICES TO CORPORATION'S COMMUNITY OF JEFFERSON COUNTY, KENTUCKY. UOFL HEALTH...

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UOFL HEALTH LOUISVILLE, INC. OPERATES FOUR HOSPITALS IN THE LOUISVILLE METROPOLITAN AREA, EACH OFFERING UNIQUE AND VITAL SERVICES TO CORPORATION'S COMMUNITY OF JEFFERSON COUNTY, KENTUCKY. UOFL HEALTH JEWISH HOSPITAL ("JEWISH HOSPITAL") OPERATES A 462-LICENSED BED HOSPITAL THAT IS KNOWN FOR ITS MANY GROUNDBREAKING SERVICES, WHICH INCLUDE BEING THE SITE OF THE NATION'S FIRST FOUR HAND TRANSPLANTS. JEWISH HOSPITAL, IS AN INTERNATIONALLY RENOWNED, HIGH-TECH TERTIARY REFERRAL CENTER, DEVELOPING LEADING-EDGE ADVANCEMENTS IN HAND AND MICROSURGERY, HEART AND LUNG CARE, ORTHOPEDICS, AND SPORTS MEDICINE, NEUROSCIENCE, ORGAN TRANSPLANTATION AND OUTPATIENT CARE. THE HOSPITAL IS THE SITE OF THE WORLD'S FIRST SUCCESSFUL HAND TRANSPLANT AND ABIOCOR IMPLANTABLE REPLACEMENT HEART PROCEDURES, IN ADDITION TO THE FIRST TRIAL OF ADULT CARDIAC STEM CELLS IN CHRONIC HEART FAILURE. UOFL HEALTH PEACE HOSPITAL ("PEACE HOSPITAL") IS A 220-LICENSED BED BEHAVIORAL HEALTH CARE HOSPITAL THAT OFFERS A FULL CONTINUUM OF BEHAVIORAL HEALTH AND SUBSTANCE USE SERVICES, AS WELL AS SPECIALTY PROGRAMS FOR BOTH CHILDREN AND ADULTS WHO HAVE COMPLEX TREATMENT NEEDS. IT'S KOSAIR CHARITIES CHILDREN'S PEACE CENTER IS THE LARGEST AND MOST COMPREHENSIVE PRIVATE PROVIDER OF YOUTH INPATIENT BEHAVIORAL HEALTH SERVICES IN THE COUNTRY. THE HOSPITAL WAS THE NATION'S FIRST BEHAVIORAL HEALTH CARE CENTER TO OPEN A RETAIL PHARMACIST OPERATED, LONG-ACTING INJECTION CLINIC. UOFL HEALTH MARY & ELIZABETH HOSPITAL ("MARY & ELIZABETH HOSPITAL") IS A 298-BED PRIMARY CARE HOSPITAL THAT OFFERS ADVANCE TREATMENT IN ORTHOPEDICS, CARDIOLOGY, MEDICAL IMAGING, SURGICAL AND EMERGENCY SERVICES, AND IS THE HOME OF THE REGION'S ONLY WEIGHT LOSS MANAGEMENT PROGRAM (BARIATRIC CARE) UTILIZING THE LAP-BAND SYSTEM. THE HOSPITAL HAS BEEN RECOGNIZED AS ONE OF THE FIRST HEALTH CARE FACILITIES IN THE NATION TO RECEIVE A BLUE DISTINCTION CENTER FOR BARIATRIC SURGERY. THE HOSPITAL PARTNERED WITH SISTER FACILITY, UOFL HEALTH PEACE HOSPITAL TO OPEN A VOLUNTARY INPATIENT MEDICAL DETOX UNIT AT MARY & ELIZABETH HOSPITAL TO CARE FOR PATIENTS WITH SUBSTANCE USE DISORDERS. MOST RECENTLY, CANCER & BLOOD SPECIALISTS, LOCATED ADJACENT TO THE MARY & ELIZABETH HOSPITAL CAMPUS, BECAME THE THIRD LOCATION OF UOFL HEALTH BROWN CANCER CENTER. UOFL HEALTH FRAZIER REHABILITATION INSTITUTE ("FRAZIER REHAB HOSPITAL"), OPERATES A 135-BED REHABILITATION HOSPITAL IN DOWNTOWN LOUISVILLE. FRAZIER REHAB INSTITUTE SERVICES INCLUDE NATIONALLY RECOGNIZED BRAIN INJURY, SPINAL CORD, AND STROKE RECOVERY REHAB PROGRAMS ACCREDITED BY THE COMMISSION ON ACCREDITATION FOR REHAB FACILITIES (CARF), WITH RESEARCH BEING CONDUCTED WITH THE UNIVERSITY OF LOUISVILLE. FRAZIER REHAB INSTITUTE CONTINUES TO BE A NATIONAL LEADER FOR REHABILITATION SERVICES, SUCH AS THE EMERGE PROGRAM, WHICH IS DESIGNED TO HELP PATIENTS WITH SEVERE TRAUMATIC BRAIN INJURIES AND WHO ARE AT LOW LEVELS OF CONSCIOUSNESS, AND LOCOMOTOR TRAINING FOR POST SPINAL CORD INJURY PATIENTS, WHICH ALLOWS FOR WEIGHT SUPPORT STANDING AND WALKING. UOFL HEALTH LOUISVILLE, INC. OFFERS 24/7 EMERGENCY CARE AT JEWISH HOSPITAL AND MARY & ELIZABETH HOSPITAL, AS WELL AS AT THREE MEDICAL CENTERS: MEDICAL CENTER EAST, MEDICAL CENTER SOUTH, AND MEDICAL CENTER SOUTHWEST. CORPORATION'S FACILITIES PARTICIPATE IN THE MEDICARE AND MEDICAID PROGRAMS. IN ADDITION TO THE ABOVE-MENTIONED NOTEWORTHY SERVICES THAT ARE PROVIDED AT THE HOSPITALS, UOFL HEALTH LOUISVILLE, INC. PROVIDES A WIDE RANGE OF OTHER INPATIENT AND OUTPATIENT HOSPITAL SERVICES THAT INCLUDE ORGAN TRANSPLANT PROCEDURES; DIABETES AND NUTRITION CARE; NEUROLOGY CARE; PODIATRY CARE; COMPREHENSIVE CARDIOVASCULAR CARE; NUMEROUS REHABILITATIVE AND PHYSICAL THERAPY SERVICES; ADVANCED TREATMENT IN ORTHOPEDICS; CARDIOLOGY; MEDICAL IMAGING; SURGICAL AND EMERGENCY SERVICES; DIAGNOSTICS AND MEDICAL IMAGING; DIGITAL MAMMOGRAPHY AND BREAST MRI; OUTPATIENT SURGICAL SERVICES (ENDOSCOPY, PODIATRY, OPHTHALMOLOGY, AND COMPREHENSIVE DENTISTRY); CANCER CARE; AND ORTHOPEDIC CARE, AMONG NUMEROUS OTHER SERVICES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $10,285,681
Program Service Revenue $1,133,394,202
Investment Income $467,472
Other Revenue $101,941,685
TOTAL REVENUE $1,246,089,040

Expense Breakdown

Grants Paid $7,759,014
Salaries & Benefits $453,282,592
Fundraising Expenses $0
Program Expenses $898,139,509
Other Expenses $715,775,774
TOTAL EXPENSES $1,176,817,380

Year-over-Year Comparison

2022 2021 Change
Revenue $1,246,089,040 $1,125,611,027 +0.1%
Expenses $1,176,817,380 $1,010,842,347 +0.2%
Net Income $69,271,660 $114,768,680 -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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Governance

Voting Members
11
Independent Members
7
Employees
N/A
Volunteers
7

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
13
$7,328,866
Total Directors
12
$4,568,891
Key Employees
5
$1,398,144
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LOUANN ATLAS CHAIR 1.00
Officer Director
$0 $0 $0
LOUIS I WATERMAN VICE CHAIR 1.00
Officer Director
$0 $0 $0
PRAVEEN ARLA MD MEMBER 1.00
Director
$0 $0 $0
ARTHUR MALKANI MD MEMBER 1.00
Director
$0 $59,488 $1,419,292
RICHARD A SCHULTZ MEMBER 1.00
Director
$0 $0 $0
JEFF STIDAM MD MEMBER 1.00
Director
$0 $49,946 $801,338
GERALD D TEMES MD MEMBER 1.00
Director
$0 $0 $0
HUEY-YUAN TIEN MD MEMBER (TERM END) 1.00
Director
$0 $0 $0
BILL WAGNER MEMBER 1.00
Director
$0 $0 $0
RUSSELL A WILLIAMS MD MEMBER 1.00
Director
$0 $46,778 $694,442
THOMAS D MILLER CEO, UOFL HEALTH 23.00
Officer Director
$0 $30,314 $1,653,819
RODRIGO MORENO MD MEMBER (TERM START) 1.00
Director
$0 $0 $0
KEN MARSHALL COO, UOFL HEALTH 23.00
Officer
$0 $13,497 $963,535
MICHAEL DOUZUK JR CFO, UOFL HEALTH (TERM END 2023) 23.00
Officer
$0 $33,334 $984,207
MELISSA ADKINS CEO MARY & ELIZABETH 40.00
Officer
$0 $20,844 $652,847
JASON SMITH MD CHIEF MEDICAL OFFICER 20.00
Officer
$0 $266 $291,677
JOHN WALSH CEO - JEWISH 40.00
Officer
$0 $38,682 $721,286
SHARI KRETZSCHMER CHIEF NURSING OFFICER 20.00
Officer
$0 $23,219 $552,187
MARTHA MATHER CAO - UOFL-PEACE HOSPITAL 40.00
Officer
$0 $27,392 $489,062
STEPHEN TAYLOR MD CHIEF MEDICAL OFFICER 40.00
Officer
$0 $5,110 $166,787
MARY MARSHMAN CHIEF NURSING EXECUTIVE 40.00
Officer
$0 $8,347 $315,238
KIRK STRACK CFO, UOFL HEALTH (BEG 2023) 23.00
Officer
$0 $29,809 $538,221
SHANE FITZGERALD VP - OPERATIONS (M&E) 40.00
Key Emp
$0 $32,640 $257,750
AUNDREA L LEWIS VP - PATIENT SERVICES (PEA 40.00
Key Emp
$0 $19,009 $232,459
CATHERINE SPALDING VP - OPERATIONS (FRAZIER) 40.00
Key Emp
$0 $34,313 $335,281
MARY D SHELBURNE VP - OPERATIONS (UMC) 40.00
Key Emp
$0 $4,248 $288,977
PAMELA AKINS VP - PATIENT SERVICES (M&E 40.00
Key Emp
$0 $16,968 $283,677
KIMBERLY A RALLIS EXEC. DIR. TRANSPLANT PROGRAM 40.00
Highest
$0 $23,473 $266,891
ABBY ROACH DIRECTOR - REHAB 40.00
Highest
$0 $7,669 $192,816
KATHRYN A BROGAN DIR CLINICAL PHARMACY SERV 40.00
Highest
$0 $14,383 $151,419
JIM EUBANKS PHARMICIST 40.00
Highest
$0 $23,872 $191,566
JAMES BYRNES IMMUNOLOGIST 40.00
Highest
$0 $11,252 $190,195
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
2024 No data No data No data No data
2023 $1,246,089,040 $1,176,817,380 $905,302,182 $69,271,660
2022 $1,125,611,027 $1,010,842,347 $909,071,155 $114,768,680
2021 $950,019,808 $804,436,350 $577,142,236 $145,583,458
2020 $539,015,508 $435,997,339 $447,263,362 $103,018,169
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