Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $6,185,225

• 1e · Government grants (contributions)

  $23,562,327

• 1f · All other contributions, gifts and grants

  $2,524,203

• 2a · Program service revenue: NET PATIENT SERVICES

  total $2,732,376,185 · related or exempt $2,732,371,750 · unrelated business $4,435

• 2b · Program service revenue: PHARMACY REVENUE

  total $51,011,815 · related or exempt $51,011,815

• 2c · Program service revenue: CLINICAL CONTRACT REVE

  total $31,864,271 · related or exempt $31,601,564 · unrelated business $262,707

• 2d · Program service revenue: RESIDENTS

  total $19,694,994 · related or exempt $19,694,994

• 2e · Program service revenue: RESEARCH REVENUE

  total $3,772,255 · related or exempt $3,772,255

• 2f · All other program service revenue

  total $8,553,713 · related or exempt $8,042,787 · unrelated business $510,926

• 3 · Investment income

  total $9,552,140 · unrelated business -$300,638 · excluded $9,852,778

• 6a · Gross rents

  real property $9,020,063

• 6b · Less rental expenses

  real property $935,376

• 6c · Rental income or loss

  real property $8,084,687

• 6d · Net rental income or loss

  total $8,084,687 · related or exempt $1,077,296 · unrelated business -$240,498 · excluded $7,247,889

• 7a · Gross sales of assets other than inventory

  securities $278,212

• 7b · Less cost or other basis and sales expenses

  securities $0 · other assets $22,134

• 7c · Gain or loss

  securities $278,212 · other assets -$22,134

• 7d · Net gain or loss

  total $256,078 · excluded $256,078

• 10a · Gross sales of inventory

  $3,153,260

• 10b · Cost of goods sold

  $1,835,256

• 10c · Net income from sales of inventory

  total $1,318,004 · excluded $1,318,004

• 11a · Other revenue: OTHER OPERATING NON-ME

  total $13,648,344 · related or exempt $13,592,261 · unrelated business $56,083

• 11b · Other revenue: CAFETERIA

  total $6,734,807 · excluded $6,734,807

• 11c · Other revenue: JOINT VENTURE INCOME

  total $5,505,532 · related or exempt $5,280,944 · excluded $224,588

• 11d · All other revenue

  total $1,836,485 · related or exempt $1,836,485

• 11e · Other revenue, total

  $27,725,168

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $72,864,797 · program services $72,864,797

• 5 · Compensation of officers, directors and key employees

  total $9,871,554 · program services $7,897,243 · management and general $1,974,311

• 6 · Compensation of disqualified persons

  total $1,988,085 · program services $1,590,468 · management and general $397,617

• 7 · Other salaries and wages

  total $1,251,740,665 · program services $1,132,586,428 · management and general $119,154,237

• 8 · Pension plan contributions

  total $23,104,915 · program services $20,563,374 · management and general $2,541,541

• 9 · Other employee benefits

  total $135,298,628 · program services $120,415,779 · management and general $14,882,849

• 10 · Payroll taxes

  total $55,618,313 · program services $49,500,299 · management and general $6,118,014

• 11b · Fees: legal

  total $2,896,803 · management and general $2,896,803

• 11c · Fees: accounting

  total $850,169 · management and general $850,169

• 11d · Fees: lobbying

  total $437,985 · management and general $437,985

• 11f · Fees: investment management

  total $403,607 · management and general $403,607

• 11g · Fees: other

  total $341,036,470 · program services $289,074,608 · management and general $51,961,862

• 12 · Advertising and promotion

  total $2,602,397 · program services $520,479 · management and general $2,081,918

• 13 · Office expenses

  total $28,697,026 · program services $24,362,991 · management and general $4,334,035

• 16 · Occupancy

  total $41,935,651 · program services $33,548,521 · management and general $8,387,130

• 17 · Travel

  total $1,068,411 · program services $861,791 · management and general $206,620

• 19 · Conferences, conventions and meetings

  total $801,930 · program services $668,962 · management and general $132,968

• 20 · Interest

  total $33,934,323 · program services $30,540,891 · management and general $3,393,432

• 22 · Depreciation, depletion and amortization

  total $80,521,087 · program services $64,416,870 · management and general $16,104,217

• 23 · Insurance

  total $12,052,681 · program services $9,642,145 · management and general $2,410,536

• 24a · Other expenses: MEDICAL SUPPLIES

  total $708,371,949 · program services $708,371,949

• 24b · Other expenses: HOSPITAL FRANCHISE TAX

  total $57,364,890 · program services $57,364,890

• 24c · Other expenses: MAINTENANCE & REPAIRS

  total $15,814,584 · program services $12,651,667 · management and general $3,162,917

• 24d · Other expenses: FOOD & FORMULA

  total $12,394,413 · program services $9,915,530 · management and general $2,478,883

• 24e · All other expenses

  total $31,852,668 · program services $18,937,536 · management and general $12,915,132

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $76,412,201 · end of year $87,811,135

• 4 · Accounts receivable

  beginning of year $488,545,215 · end of year $384,095,806

• 7 · Other notes and loans receivable

  beginning of year $3,100,000 · end of year $3,100,000

• 8 · Inventories for sale or use

  beginning of year $27,028,352 · end of year $27,710,511

• 9 · Prepaid expenses and deferred charges

  beginning of year $33,393,532 · end of year $38,798,567

• 10a · Land, buildings and equipment: cost or other basis

  $2,064,953,499

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,299,433,027

• 10c · Land, buildings and equipment, net

  beginning of year $786,892,013 · end of year $765,520,472

• 11 · Investments: publicly traded securities

  beginning of year $257,497,773 · end of year $464,658,019

• 12 · Investments: other securities

  beginning of year $4,292,504 · end of year $24,884,785

• 13 · Investments: program-related

  beginning of year $65,600,287 · end of year $71,049,321

• 14 · Intangible assets

  beginning of year $38,101,814 · end of year $34,929,065

• 15 · Other assets

  beginning of year $20,905,247 · end of year $25,181,669

• 17 · Accounts payable and accrued expenses

  beginning of year $314,285,629 · end of year $220,787,413

• 19 · Deferred revenue

  beginning of year $9,998,228 · end of year $17,262,465

• 20 · Tax-exempt bond liabilities

  beginning of year $585,233,638 · end of year $672,368,471

• 23 · Secured mortgages and notes payable

  beginning of year $108,364,157 · end of year $106,970,756

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $125,000,000

• 25 · Other liabilities

  beginning of year $148,855,377 · end of year $123,437,362

• 27 · Net assets without donor restrictions

  beginning of year $635,031,909 · end of year $661,912,883

The filer's explanations (Part III)

PART I, LINE 1A

ONE OFFICER AND ONE KEY EMPLOYEE HAD CLUB MEMBERSHIP DUES. THESE BENEFITS WERE TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUALS.

PART I, LINE 3:

UC HEALTH, LLC, A DISREGARDED ENTITY OF UC HEALTHCARE SYSTEM, UTILIZES INFORMATION FROM INDEPENDENT COMPENSATION CONSULTANTS AND COMPENSATION SURVEYS TO DETERMINE THE COMPENSATION OF SENIOR VICE-PRESIDENTS, THE CHIEF FINANCIAL OFFICER, AND THE CHIEF EXECUTIVE OFFICER. THE COMPENSATION IS APPROVED BY THE COMPENSATION COMMITTEE OF THE UC HEALTH BOARD. THE COMPENSATION OF THE CHIEF EXECTUIVE OFFICER IS EVIDENCED BY A WRITTEN EMPLOYMENT CONTRACT. THE COMPENSATION OF ALL OTHER INDIVIDUALS IS DETERMINED AT FAIR MARKET VALUE.

PART I, LINES 4A-B:

UNDER A VOLUNTARY TERMINATION AGREEMENT ENTERED INTO BY THE EMPLOYEE AND THE ORGANIZATION OR UPON A QUALIFYING TERMINATION DEFINED AS AN INVOLUNTARY SEPARATION FROM SERVICE OTHER THAN FOR CAUSE, THE EMPLOYEE IS ENTITLED TO SEVERANCE PAY BASED UPON YEARS OF SERVICE. THE TERMS AND CONDITIONS TO RECEIVE SEVERANCE PAYMENTS REQUIRE THE EMPLOYEE TO SIGN A RELEASE OF CLAIMS FORM THAT COVERS ALL SITUATIONS SURROUNDING THE EMPLOYEE'S EMPLOYMENT AND SEPARATION. SEVERANCE PAYMENTS WERE MADE DURING THE YEAR TO THE FOLLOWING LISTED PERSON IN PART VII: THOMAS DASKALAKIS - $290,320 CERTAIN EXECUTIVES HAVE ARRANGEMENTS WHICH PROVIDE FOR SUPPLEMENTAL RETIREMENT BENEFITS AS DESCRIBED IN IRS SEC 457(F). NO INDIVIDUALS RECEVIED A PAYMENT UNDER UC HEALTH'S IRC SEC. 457(F) PLAN DURING THE YEAR.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• UC HEALTH LLC

  HEALTH CARE SERVICES · OH · income $424,877,600 · assets $518,377,019

  Directly controlled by UC HEALTHCARE SYSTEM

• UNIVERSITY OF CINCINNATI MEDICAL CENTER LLC

  HEALTH CARE SERVICES · OH · income $2,079,178,789 · assets $1,268,076,710

  Directly controlled by UC HEALTH LLC

• DANIEL DRAKE CENTER FOR POST-ACUTE CARE LLC

  HEALTH CARE SERVICES · OH · income $47,797,674 · assets $16,365,991

  Directly controlled by UC HEALTH LLC

• DRAKE DEVELOPMENT LLC (DBA BRIDGEWAY POINTE)

  HEALTH CARE SERVICES · OH · income $4,050,199 · assets $335,494

  Directly controlled by DANIEL DRAKE CENTER FOR POST-ACUTE CARE LLC

• UNIVERSITY OF CINCINNATI PHYSICIANS COMPANY LLC

  HEALTH CARE SERVICES · OH · income $497,776,202 · assets $13,240,052

  Directly controlled by UC HEALTH LLC

• WEST CHESTER HOSPITAL LLC

  HEALTH CARE SERVICES · OH · income $281,816,787 · assets $65,822,375

  Directly controlled by UC HEALTH LLC

• UNIVERSITY SURGICAL-DENTAL ASSOCIATES LLC

  HEALTH CARE SERVICES · OH · income $7,795,327 · assets $0

  Directly controlled by UC HEALTH LLC

• COMMUNICATION AIDS LLC

  HEALTH CARE SERVICES · OH · income $0 · assets $0

  Directly controlled by UNIVERSITY OF CINCINNATI PHYSICIANS COMPANY LLC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• UCMC NMTC LLC

  EXCLUDED FROM TAX · HEALTH CARE SERVICES · OH · 95% owned · share of income $224,588 · share of assets $22,794,465 · general or managing partner

  Directly controlled by UC HEALTH LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• UC HEALTH ASSURANCE COMPANY

  C · INSURANCE · CJ · 100% owned · share of income $6,799,958 · share of assets $14,096,198 · controlled entity

  Directly controlled by UC HEALTH LLC

• MIDWEST LAUNDRY INC

  C · COMMERCIAL ACTIVITY · OH · 100% owned · controlled entity

  Directly controlled by UC HEALTH LLC