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Nonprofiteer
← UT SOUTHWESTERN HEALTH SYSTEMS

Form 990 for tax year 2024

Filed by UT SOUTHWESTERN HEALTH SYSTEMS.

Totals

Total revenue
$3,451,311
Total expenses
$45,399
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,340,165
Investment income
$111,146
Other revenue
$0
Total assets, end of year
$12,532,025
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$12,532,025
Program services expenses (Part IX)
$0
Management and general expenses
$45,399
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EQUITY INCOME DAVITA

    total $2,577,161 · related or exempt $2,577,161

  • 2b · Program service revenue: EQUITY INCOME CROWDER

    total $756,826 · related or exempt $756,826

  • 2c · Program service revenue: CARE COORDINATION

    total $6,178 · related or exempt $6,178

  • 3 · Investment income

    total $111,146 · excluded $111,146

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $11,592 · management and general $11,592

  • 11b · Fees: legal

    total $20,178 · management and general $20,178

  • 11c · Fees: accounting

    total $3,950 · management and general $3,950

  • 11g · Fees: other

    total $6,178 · management and general $6,178

  • 23 · Insurance

    total $1,238 · management and general $1,238

  • 24a · Other expenses: OTHER EXPENSES

    total $2,263 · management and general $2,263

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $72,971 · end of year $1,087,037

  • 2 · Savings and temporary cash investments

    beginning of year $2,279,878 · end of year $4,476,024

  • 9 · Prepaid expenses and deferred charges

    beginning of year $797 · end of year $3,509

  • 13 · Investments: program-related

    beginning of year $6,772,467 · end of year $6,965,455

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $9,126,113 · end of year $12,532,025

Mission and programs · 2024

Mission

UT SOUTHWESTERN HEALTH SYSTEMS IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES, AND IS OPERATED FOR THE PURPOSES OF:(I) SUPPORTING THE PROVISION OF HEALTH CARE TO THE PUBLIC,(II) SUPPORTING HEALTH CARE EDUCATION AT THE UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER ("MEDICAL CENTER"),(III) PROVIDING CONTRIBUTIONS TO THE MEDICAL CENTER, AND(IV) ANY OTHER ACTIVITIES USEFUL OR APPROPRIATE TO THE ACCOMPLISHMENT OF THE MISSION OF THE MEDICAL CENTER.THE MEDICAL CENTER IS A TAX-EXEMPT COMPONENT EDUCATIONAL INSTITUTION OF THE UNIVERSITY OF TEXAS SYSTEM, ESTABLISHED PURSUANT TO THE CONSTITUTION OF THE STATE OF TEXAS FOR THE PURPOSE OF EDUCATING STUDENTS IN THE DELIVERY OF MEDICAL SERVICES TO THE PUBLIC, CONDUCTING BIOMEDICAL RESEARCH, AND PROVIDING PUBLIC SERVICE. THROUGH VARIOUS ACTIVITIES, UT SOUTHWESTERN HEALTH SYSTEMS SUPPORTS THE ACADEMIC, RESEARCH, AND PUBLIC SERVICE MISSIONS OF THE MEDICAL CENTER.

Activities or mission (Part I)

THE MEDICAL CENTER IS A TAX-EXEMPT COMPONENT EDUCATIONAL INSTITUTION OF THE UNIVERSITY OF TEXAS SYSTEM, ESTABLISHED PURSUANT TO THE CONSTITUTION OF THE STATE OF TEXAS FOR THE PURPOSE OF EDUCATING STUDENTS IN THE DELIVERY OF MEDICAL SERVICES TO THE PUBLIC, CONDUCTING BIOMEDICAL RESEARCH, AND PROVIDING PUBLIC SERVICE. THROUGH VARIOUS ACTIVITIES, UT SOUTHWESTERN HEALTH SYSTEMS SUPPORTS THE ACADEMIC, RESEARCH, AND PUBLIC SERVICE MISSIONS OF THE MEDICAL CENTER.

  • SUPPORTS THE ACADEMIC, RESEARCH, AND PUBLIC SERVICE MISSIONS OF UT SOUTHWESTERN MEDICAL CENTER (MEDICAL CENTER) BY PROVIDING STRATEGIC AND FINANCIAL ADVISORY SERVICES TO THE MEDICAL CENTER AND ITS AFFILIATED MEDICAL PROFESSIONALS.

    Revenue $3,340,165

  • PROVIDES FINANCIAL AND OTHER ADMINISTRATIVE FUNCTIONS TO THE MEDICAL CENTER.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Podolsky MD

    PRESIDENT/CHAIRMAN

    Total calculated
    $3,215,250
    From this org
    $0
    From related orgs
    $3,168,532
    Other
    $46,718
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,677,705 related
    Bonus
    $0 + $490,107 related
    Other
    $0 + $720 related
    Deferred
    $0 + $29,325 related
    Nontaxable benefits
    $0 + $17,393 related
    Filer's total
    $0 + $3,215,250 related

  • Jonathan Efron MD

    EVP HEALTH SYSTEM AFFAIRS

    Total calculated
    $1,307,371
    From this org
    $0
    From related orgs
    $1,253,905
    Other
    $53,466
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $896,810 related
    Bonus
    $0 + $356,375 related
    Other
    $0 + $720 related
    Deferred
    $0 + $29,325 related
    Nontaxable benefits
    $0 + $24,141 related
    Filer's total
    $0 + $1,307,371 related

  • Michael Serber

    VP FINANCE AND INSTITUTION CFO

    Total calculated
    $811,385
    From this org
    $0
    From related orgs
    $757,919
    Other
    $53,466
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $340,970 related
    Bonus
    $0 + $146,685 related
    Other
    $0 + $270,264 related
    Deferred
    $0 + $29,325 related
    Nontaxable benefits
    $0 + $24,141 related
    Filer's total
    $0 + $811,385 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER

    501(C)(3) · MEDICAL CENTER · TX

Provenance

Return type
form_990
Tax year
2024
Filed
3 July 2026
IRS schema version
2024v5.5
Source object
202601969349300715

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