U OF L HEALTH - LOUISVILLE INC (EIN 843178470) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

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.

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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%)

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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$7,328,866

Total Directors

$4,568,891

Key Employees

$1,398,144

Highest Compensated

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

U OF L HEALTH - LOUISVILLE INC