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Nonprofiteer
← UNIVERSITY MEDICAL DIAGNOSTIC ASSOCIATES INC

Form 990 for tax year 2023

Filed by UNIVERSITY MEDICAL DIAGNOSTIC ASSOCIATES INC.

Totals

Total revenue
$77,519,142
Total expenses
$71,110,986
Contributions and grants received
$0
Grants paid
$4,605,292
Program service revenue
$63,574,403
Investment income
$1,975,293
Other revenue
$11,969,446
Total assets, end of year
$68,205,591
Total liabilities, end of year
$14,759
Net assets or fund balances, end of year
$68,190,832
Program services expenses (Part IX)
$70,991,567
Management and general expenses
$119,419
Fundraising expenses
$0
Program service expenses (Part III)
$70,991,567

Program services were 99.8% 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: NET PATIENT SERVICE REVENUE

    total $63,574,403 · related or exempt $63,574,403

  • 3 · Investment income

    total $1,975,293 · excluded $1,975,293

  • 11a · Other revenue: GAIN ON JOINT VENTURE

    total $11,969,446 · related or exempt $11,969,446

  • 11e · Other revenue, total

    $11,969,446

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,605,292 · program services $4,605,292

  • 5 · Compensation of officers, directors and key employees

    total $147,020 · program services $147,020

  • 10 · Payroll taxes

    total $319,354 · program services $319,354

  • 11c · Fees: accounting

    total $42,933 · management and general $42,933

  • 11g · Fees: other

    total $65,572,013 · program services $65,572,013

  • 13 · Office expenses

    total $3,304 · program services $2,212 · management and general $1,092

  • 19 · Conferences, conventions and meetings

    total $54,626 · program services $54,626

  • 21 · Payments to affiliates

    total $287,710 · program services $287,710

  • 23 · Insurance

    total $78,534 · program services $3,140 · management and general $75,394

  • 24a · Other expenses: DUES & SUB.

    total $200 · program services $200

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $44,345,009 · end of year $50,122,749

  • 4 · Accounts receivable

    beginning of year $10,704,174 · end of year $12,480,169

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,340 · end of year $200

  • 12 · Investments: other securities

    beginning of year $6,174,576 · end of year $5,602,473

  • 15 · Other assets

    beginning of year $1,839,104 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,283,527 · end of year $14,759

  • 27 · Net assets without donor restrictions

    beginning of year $61,782,676 · end of year $68,190,832

Mission and programs · 2023

Mission

UNIVERSITY MEDICAL DIAGNOSTIC ASSOCIATES, INC (UMDA), IS A FACULTY PRACTICE GROUP EXISTING TO PROVIDE MEDICAL EDUCATION AND PATIENT SERVICES AS AN ADJUNCT TO THE INDIANA UNIVERSITY SCHOOL OF MEDICINE. MEDICAL CARE IS PROVIDED TO ALL PATIENTS REGARDLESS OF THEIR ABILITY TO PAY THE MEMBER PHYSICIANS AND HOSPITALS IN WHICH THE PHYSICIANS PROVIDE SERVICES HAVE CHARITY CARE POLICIES FOR THOSE PATIENTS WHO ARE UNABLE TO PAY.

Activities or mission (Part I)

UNIVERSITY MEDICAL DIAGNOSTIC ASSOCIATES, INC. (UMDA), IS A FACULTY PRACTICE GROUP EXISTING TO PROVIDE MEDICAL EDUCATION AND PATIENT SERVICES AS AN ADJUNCT TO THE INDIANA UNIVERSITY SCHOOL OF MEDICINE. MEDICAL CARE IS PROVIDED TO ALL PATIENTS REGARDLESS OF THEIR ABILITY TO PAY. THE MEMBER PHYSICIANS AND HOSPITALS IN WHICH THE PHYSICIANS PROVIDE SERVICES HAVE CHARITY CARE POLICIES FOR THOSE PATIENTS WHO ARE UNABLE TO PAY. IN ADDITION, CONTRIBUTIONS ARE MADE TO THE DEPARTMENT OF MEDICINE OF THE INDIANA UNIVERSITY SCHOOL OF MEDICINE FOR WHOSE BENEFIT UMDA IS OPERATED, AS WELL AS FOR ACTIVITIES WHICH MAY FURTHER THE PROGRESS OF MEDICAL RESEARCH AND EDUCATION INCLUDING PROVIDING REQUIRED FACILITIES NECESSARY TO MEET THESE GOALS.

  • PROVIDING MEDICAL EDUCATION AND PATIENT SERVICES AS AN ADJUNCT TO THE INDIANA UNIVERSITY SCHOOL OF MEDICINE. MEDICAL CARE IS PROVIDED TO ALL PATIENTS REGARDLESS OF THEIR ABILITY TO PAY.

    Expenses $70,991,567 · Grants $4,605,292 · Revenue $75,543,849

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Julie Clary MD

    PRESIDENT/PHYSICIAN

    Total calculated
    $61,981
    From this org
    $1,981
    From related orgs
    $60,000
    Other
    $0
    Hours/week
    2 + 40 related

  • Thomas Betley

    TREASURER

    Total calculated
    $155,456
    From this org
    $0
    From related orgs
    $155,456
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,456 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $155,456 related

  • David Aronoff MD

    SECRETARY/PHYSICIAN

    Total calculated
    $70,000
    From this org
    $0
    From related orgs
    $70,000
    Other
    $0
    Hours/week
    2 + 40 related

  • Mohammad Al-Haddad MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $160,226
    From this org
    $90,226
    From related orgs
    $70,000
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $70,000 related
    Bonus
    $90,226
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $90,226 + $70,000 related

  • Michael Econs MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $75,922
    From this org
    $5,922
    From related orgs
    $70,000
    Other
    $0
    Hours/week
    2 + 40 related

  • Samir Gupta MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $70,907
    From this org
    $907
    From related orgs
    $70,000
    Other
    $0
    Hours/week
    2 + 40 related

  • Steven Hugenberg MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $60,742
    From this org
    $742
    From related orgs
    $60,000
    Other
    $0
    Hours/week
    2 + 40 related

  • Gregory Kiray MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $60,000
    From this org
    $0
    From related orgs
    $60,000
    Other
    $0
    Hours/week
    2 + 40 related

  • Kelvin Lee MD

    DIRECTOR/PHYSICIAN TERM ENDED

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • Roberto Machado MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $76,220
    From this org
    $6,220
    From related orgs
    $70,000
    Other
    $0
    Hours/week
    2 + 40 related

  • Rakesh Mehta MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $60,205
    From this org
    $205
    From related orgs
    $60,000
    Other
    $0
    Hours/week
    2 + 40 related

  • Sharon Moe MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $78,000
    From this org
    $8,000
    From related orgs
    $70,000
    Other
    $0
    Hours/week
    2 + 40 related

  • Subha Raman MD

    DIRECTOR/PHYSICIAN TERM ENDED

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • Greg Sachs MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $70,000
    From this org
    $0
    From related orgs
    $70,000
    Other
    $0
    Hours/week
    2 + 40 related

  • Kara Wools-Kaloustian MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $77,001
    From this org
    $7,001
    From related orgs
    $70,000
    Other
    $0
    Hours/week
    2 + 40 related

  • Rohan Dharmakumar

    PHYSCIAN

    Total calculated
    $296,302
    From this org
    $2,312
    From related orgs
    $293,990
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,990 related
    Bonus
    $2,312
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $2,312 + $293,990 related

  • Todd Skaar

    PHYSCIAN

    Total calculated
    $262,607
    From this org
    $10,494
    From related orgs
    $252,113
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $252,113 related
    Bonus
    $10,494
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $10,494 + $252,113 related

  • Zeruesenay Desta

    PHYSCIAN

    Total calculated
    $249,058
    From this org
    $9,539
    From related orgs
    $239,519
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,519 related
    Bonus
    $9,539
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $9,539 + $239,519 related

  • Patrick Loehrer

    PHYSCIAN

    Total calculated
    $244,270
    From this org
    $514
    From related orgs
    $243,756
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,756 related
    Bonus
    $514
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $514 + $243,756 related

  • John Turchi

    PHYSCIAN

    Total calculated
    $241,797
    From this org
    $5,555
    From related orgs
    $236,242
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $236,242 related
    Bonus
    $5,555
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $5,555 + $236,242 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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202443169349303319

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