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← UT MEDICAL GROUP INC

Form 990 for tax year 2024

Filed by UT MEDICAL GROUP INC.

Totals

Total revenue
$85,488,061
Total expenses
$82,519,827
Contributions and grants received
$0
Grants paid
$143,222
Program service revenue
$63,877,424
Investment income
$5,056,825
Other revenue
$16,553,812
Total assets, end of year
$43,702,708
Total liabilities, end of year
$21,295,755
Net assets or fund balances, end of year
$22,406,953
Program services expenses (Part IX)
$69,071,900
Management and general expenses
$13,447,927
Fundraising expenses
$0
Program service expenses (Part III)
$69,071,900

Program services were 83.7% 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 CHARGES

    total $42,381,363 · related or exempt $42,381,363

  • 2b · Program service revenue: CONTRACT REVENUE

    total $18,536,575 · related or exempt $18,536,575

  • 2c · Program service revenue: MEDICAL DIRECTOR REVENUE

    total $2,368,275 · related or exempt $2,368,275

  • 2d · Program service revenue: MANAGEMENT FEE INCOME

    total $591,211 · related or exempt $591,211

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $211,009 · excluded $211,009

  • 6a · Gross rents

    real property $1,278,231

  • 6c · Rental income or loss

    real property $1,278,231 · personal property $0

  • 6d · Net rental income or loss

    total $1,278,231 · excluded $1,278,231

  • 7a · Gross sales of assets other than inventory

    securities $4,857,670

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

    other assets $11,854

  • 7c · Gain or loss

    securities $4,857,670 · other assets -$11,854

  • 7d · Net gain or loss

    total $4,845,816 · excluded $4,845,816

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: PFI CONTRACT

    total $9,917,630 · excluded $9,917,630

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $5,357,951 · excluded $5,357,951

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $15,275,581

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $143,222 · program services $143,222

  • 5 · Compensation of officers, directors and key employees

    total $5,630,231 · management and general $5,630,231

  • 7 · Other salaries and wages

    total $44,800,080 · program services $43,512,591 · management and general $1,287,489

  • 8 · Pension plan contributions

    total $1,562,333 · program services $1,308,156 · management and general $254,177

  • 9 · Other employee benefits

    total $2,689,761 · program services $2,320,796 · management and general $368,965

  • 10 · Payroll taxes

    total $2,801,958 · program services $2,417,603 · management and general $384,355

  • 11a · Fees: management

    total $1,505,700 · program services $423,509 · management and general $1,082,191

  • 11b · Fees: legal

    total $133,010 · program services $37,412 · management and general $95,598

  • 11c · Fees: accounting

    total $250,764 · program services $70,533 · management and general $180,231

  • 11g · Fees: other

    total $8,665,626 · program services $8,665,626 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $127,238 · program services $39,008 · management and general $88,230

  • 13 · Office expenses

    total $1,428,917 · program services $886,775 · management and general $542,142

  • 16 · Occupancy

    total $2,172,498 · program services $1,435,174 · management and general $737,324

  • 17 · Travel

    total $119,838 · program services $103,169 · management and general $16,669

  • 19 · Conferences, conventions and meetings

    total $224,570 · program services $144,371 · management and general $80,199

  • 20 · Interest

    total $289,523 · management and general $289,523

  • 22 · Depreciation, depletion and amortization

    total $1,192,479 · program services $735,355 · management and general $457,124

  • 23 · Insurance

    total $1,969,011 · program services $1,416,038 · management and general $552,973

  • 24a · Other expenses: Drugs and Medical

    total $2,078,616 · program services $2,078,616

  • 24b · Other expenses: R & M

    total $2,022,641 · program services $625,885 · management and general $1,396,756

  • 24c · Other expenses: Overhead

    total $906,419 · program services $906,419

  • 24d · Other expenses: Moving Exp

    total $10,502 · program services $6,752 · management and general $3,750

  • 24e · All other expenses

    total $1,794,890 · program services $1,794,890 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,047 · end of year $1,001

  • 2 · Savings and temporary cash investments

    beginning of year $8,010,101 · end of year $6,880,037

  • 4 · Accounts receivable

    beginning of year $8,947,738 · end of year $9,272,937

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $139,831 · end of year $155,930

  • 8 · Inventories for sale or use

    beginning of year $20,573 · end of year $239,486

  • 9 · Prepaid expenses and deferred charges

    beginning of year $840,736 · end of year $734,498

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

    $33,727,333

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

    $18,529,115

  • 10c · Land, buildings and equipment, net

    beginning of year $15,740,718 · end of year $15,198,218

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $1,398,325 · end of year $3,183,539

  • 14 · Intangible assets

    beginning of year $299,366

  • 15 · Other assets

    beginning of year $8,660,109 · end of year $8,037,062

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,793,706 · end of year $10,167,365

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $10,697,118 · end of year $9,947,554

  • 25 · Other liabilities

    beginning of year $4,130,001 · end of year $1,180,836

  • 27 · Net assets without donor restrictions

    beginning of year $19,438,719 · end of year $22,406,953

Mission and programs · 2024

Mission

To be a successful physician led, professionally managed medical practice that benefits our patients and our community, while supporting the UT Health Science Center's mission through clinical excellence, financial responsibility and a culture of care at every touch point.

  • THE MEDICAL SERVICES PROVIDED BY THE GROUP ARE AVAILABLE TO THE COMMUNITY AS A WHOLE WITHOUT REGARD TO ABILITY TO PAY. MEDICARE, MEDICAID, AND TENNCARE PATIENTS ARE ACCEPTED. THE GROUP HAS AN AGREEMENT WITH REGIONAL ONE, THE PUBLIC SAFETY NET HOSPITAL OF SHELBY COUNTY, TENNESSEE, THAT PROVIDES FOR THE DELIVERY OF PROFESSIONAL SERVICES TO INDIGENT PATIENTS, BOTH INPATIENT AND OUTPATIENT. IN ADDITION TO PATIENTS FROM SHELBY COUNTY, THE FACULTY PHYSICIANS AND OTHER PROFESSIONAL EMPLOYEES OF THE GROUP PROVIDE HEALTH CARE SERVICES TO OUT-OF-STATE RESIDENTS AND RESIDENTS OF FOREIGN COUNTRIES WHO HAVE LIMITED INCOMES. DURING THE PERIOD, APPROXIMATELY 33 PERCENT OF THE GROUP'S SERVICES WERE PROVIDED TO PATIENTS WITH TENNCARE, MEDICAID, OR NO INSURANCE COVERAGE. ANOTHER 26 PERCENT WERE PROVIDED TO MEDICARE PATIENTS. THE PROFESSIONAL EMPLOYEES OF THE GROUP ARE DEDICATED TO THE MEDICAL TRAINING AND EDUCATION OF HEALTH PROFESSIONALS IN CONJUNCTION WITH THE UTHSC COLLEGE OF MEDICINE. ALTHOUGH EDUCATIONAL ACTIVITIES ARE FUNDED PRIMARILY THROUGH THE UTHSC COLLEGE OF MEDICINE, THE GROUP MAKES SIGNIFICANT CONTRIBUTIONS TO THIS EFFORT WITH BOTH PERSONNEL AND FINANCIAL RESOURCES. DURING THE YEAR, FACULTY PHYSICIANS WERE INVOLVED IN THE EDUCATION OF PRIMARILY THE 3RD AND 4TH YEAR MEDICAL STUDENTS (300 OF THE 600 MEDICAL STUDENTS). ALSO IN CONJUNCTION WITH THE UTHSC COLLEGE OF MEDICINE, THE PROFESSIONAL EMPLOYEES OF THE GROUP ENGAGE IN PROGRAMS OF MEDICAL RESEARCH AND EDUCATION THAT PROMOTE THE LONG-TERM HEALTH AND WELFARE OF PATIENTS AND THE GENERAL PUBLIC. THE RESEARCH PROGRAMS FOCUS ON PREVENTION AND TREATMENT OF ILLNESSES AS WELL AS EFFECTS OF DRUGS AND MEDICATIONS ON A VARIETY OF DISEASES AND MEDICAL CONDITIONS. WHILE SERVING AS THE FACULTY PRACTICE PLAN OF THE UTHSC COLLEGE OF MEDICINE, THE LONG-TERM COMMITMENT OF THE GROUP IS TO CONTINUE TO PROVIDE MEDICAL SERVICES TO ANY AND ALL PATIENTS AND TO PROMOTE GOOD HEALTH THROUGH RESEARCH AND EDUCATION. THE RANGE/TYPE OF SERVICES PROVIDED BY THE CLINICAL DEPARTMENTS INCLUDES PRIMARY CARE, SPECIALTY CONSULTATIONS, SUBSPECIALTY PROCEDURES AND DIAGNOSTIC EVALUATIONS, AND SURGICAL PROCEDURES. HEALTH CARE SERVICES ARE DELIVERED IN NUMEROUS HOSPITAL AND CLINIC SETTINGS, INCLUDING INPATIENT AND OUTPATIENT CARE AT THE REGIONAL MEDICAL CENTER AT MEMPHIS (REGIONAL ONE), LE BONHEUR CHILDREN'S HOSPITAL, MEMPHIS VA MEDICAL CENTER, METHODIST UNIVERSITY HOSPITAL, ST. JUDE CHILDREN'S RESEARCH HOSPITAL, ST. FRANCIS HOSPITAL, BAPTIST MEMORIAL HOSPITALS,AND OTHER LOCAL COMMUNITY HOSPITALS. THE GROUP'S FACULTY PHYSICIANS PROVIDE HEALTH CARE SERVICES TO PATIENTS OF THE CENTERS OF EXCELLENCE AT THE MED. THE CENTERS OF EXCELLENCE INCLUDE THE TRAUMA CENTER, BURN CENTER, WOUND CARE CENTER, NEWBORN CENTER, ADULT SPECIAL CARE, AND SICKLE CELL CENTER.

    Expenses $69,071,900 · Grants $143,222 · Revenue $63,877,424

As filed on the 2024 return.

Listed in Part VII

  • Robert Bradley Canada

    CHIEF MEDICAL OFFICER

    Total calculated
    $746,721
    From this org
    $0
    From related orgs
    $664,217
    Other
    $82,504
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $664,217 related
    Bonus
    $0
    Other
    $0
    Deferred
    $29,292 + $31,692 related
    Nontaxable benefits
    $0 + $21,520 related
    Filer's total
    $29,292 + $717,429 related

  • Shannon Tacker

    CEO and Board Member

    Total calculated
    $364,269
    From this org
    $322,767
    From related orgs
    $0
    Other
    $41,502
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $322,767
    Bonus
    $0
    Other
    $0
    Deferred
    $16,530
    Nontaxable benefits
    $24,972
    Filer's total
    $364,269

  • Ajay Talati

    SECRETARY, CHAIR OF UTHSC

    Total calculated
    $869,223
    From this org
    $579,461
    From related orgs
    $201,416
    Other
    $88,346
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $579,461 + $201,416 related
    Bonus
    $0
    Other
    $0
    Deferred
    $24,000 + $36,000 related
    Nontaxable benefits
    $0 + $28,346 related
    Filer's total
    $603,461 + $265,762 related

  • David Shibata

    CHAIR OF UTHSC DEPT OF SUR

    Total calculated
    $904,710
    From this org
    $0
    From related orgs
    $876,988
    Other
    $27,722
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $876,988 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $600 related
    Nontaxable benefits
    $0 + $27,122 related
    Filer's total
    $0 + $904,710 related

  • G Nicholas Verne

    CHAIR OF UTHSC DEPT OF MED

    Total calculated
    $607,914
    From this org
    $0
    From related orgs
    $577,094
    Other
    $30,820
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $577,094 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $320 related
    Filer's total
    $0 + $607,914 related

  • Marion Boyd Gillespie

    CHAIR OF UTHSC DEPT OF OTO

    Total calculated
    $785,980
    From this org
    $431,903
    From related orgs
    $267,978
    Other
    $86,099
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $431,903 + $267,978 related
    Bonus
    $0
    Other
    $0
    Deferred
    $26,287 + $34,490 related
    Nontaxable benefits
    $0 + $25,322 related
    Filer's total
    $458,190 + $327,790 related

  • Muneeza Khan

    CHAIR OF UTHSC DEPT OF FAM

    Total calculated
    $631,161
    From this org
    $89,833
    From related orgs
    $470,384
    Other
    $70,944
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $89,833 + $470,384 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $46,000 related
    Nontaxable benefits
    $0 + $24,944 related
    Filer's total
    $89,833 + $541,328 related

  • Paul Wesolowski

    VICE CHANCELLOR OF STRATEGIC PSHIP

    Total calculated
    $560,575
    From this org
    $0
    From related orgs
    $488,996
    Other
    $71,579
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $488,996 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $61,000 related
    Nontaxable benefits
    $0 + $10,579 related
    Filer's total
    $0 + $560,575 related

  • Raaj Kurapati

    EXEC VICE CHANCELLOR OF UT

    Total calculated
    $679,438
    From this org
    $0
    From related orgs
    $606,127
    Other
    $73,311
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $606,127 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $48,925 related
    Nontaxable benefits
    $0 + $24,386 related
    Filer's total
    $0 + $679,438 related

  • Tejesh Patel

    CHAIR OF UTHSC DEPT OF DER

    Total calculated
    $910,663
    From this org
    $526,204
    From related orgs
    $315,349
    Other
    $69,110
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $526,204 + $315,349 related
    Bonus
    $0
    Other
    $0
    Deferred
    $21,600 + $23,700 related
    Nontaxable benefits
    $0 + $23,810 related
    Filer's total
    $547,804 + $362,859 related

  • Courtney Love

    Chief Administrative Officer

    Total calculated
    $234,415
    From this org
    $209,694
    From related orgs
    $0
    Other
    $24,721
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,694
    Bonus
    $0
    Other
    $0
    Deferred
    $12,851
    Nontaxable benefits
    $11,870
    Filer's total
    $234,415

  • Michael Jackson

    CFO

    Total calculated
    $277,075
    From this org
    $225,903
    From related orgs
    $0
    Other
    $51,172
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,903
    Bonus
    $0
    Other
    $0
    Deferred
    $28,000
    Nontaxable benefits
    $23,172
    Filer's total
    $277,075

  • Brion Randolph

    PHYSICIAN

    Total calculated
    $652,778
    From this org
    $608,518
    From related orgs
    $15,994
    Other
    $28,266
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $608,518 + $15,994 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $1,383 related
    Nontaxable benefits
    $0 + $26,883 related
    Filer's total
    $608,518 + $44,260 related

  • David Peeler

    PHYSICIAN

    Total calculated
    $785,412
    From this org
    $707,947
    From related orgs
    $24,082
    Other
    $53,383
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $707,947 + $24,082 related
    Bonus
    $0
    Other
    $0
    Deferred
    $26,000 + $261 related
    Nontaxable benefits
    $0 + $27,122 related
    Filer's total
    $733,947 + $51,465 related

  • Devra Becker

    PHYSICIAN

    Total calculated
    $847,384
    From this org
    $641,935
    From related orgs
    $113,413
    Other
    $92,036
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $641,935 + $113,413 related
    Bonus
    $0
    Other
    $0
    Deferred
    $30,500 + $36,186 related
    Nontaxable benefits
    $0 + $25,350 related
    Filer's total
    $672,435 + $174,949 related

  • Hieu Q Vo

    PHYSICIAN

    Total calculated
    $637,756
    From this org
    $494,007
    From related orgs
    $70,133
    Other
    $73,616
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $494,007 + $70,133 related
    Bonus
    $0
    Other
    $0
    Deferred
    $46,000 + $900 related
    Nontaxable benefits
    $0 + $26,716 related
    Filer's total
    $540,007 + $97,749 related

  • Milton Randall

    PHYSICIAN

    Total calculated
    $932,632
    From this org
    $792,058
    From related orgs
    $62,719
    Other
    $77,855
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $792,058 + $62,719 related
    Bonus
    $0
    Other
    $0
    Deferred
    $30,500 + $24,050 related
    Nontaxable benefits
    $0 + $23,305 related
    Filer's total
    $822,558 + $110,074 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

  • University of Tennessee Health Sciences Center

    $143,222

    Support for Neonatology program.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • UTMG VASCULAR ACCESS PHYSICIANS LLC

    Vascular Access Center · TN · income $9,650,919 · assets $4,489

    Directly controlled by UT Medical Group Inc

  • UTMG Nephrology II LLC

    Medical Care · TN · income $0 · assets $190,912

    Directly controlled by UT Medical Group Inc

  • UTMG Pathology LLC

    Medical Care · TN · income $0 · assets $0

    Directly controlled by UT Medical Group Inc

  • UNIVERSITY PRACTICE MANAGEMENT

    Provides billing & Admin Services to other academic medical practices · TN · income $0 · assets $0

    Directly controlled by UT Medical Group Inc

  • MSC GENERAL PARTNER LLC

    Holding Company · TN · income $0 · assets $0

    Directly controlled by UT Medical Group Inc

  • MSC LIMITED PARTNER LLC

    Holding Company · TN · income $0 · assets $0

    Directly controlled by UT Medical Group Inc

  • UT mobile stroke unit llc

    Medical Care · TN · income $0 · assets $0

    Directly controlled by ut Medical Group Inc

  • MSC Properties LLC

    Real Estate · TN · income $0 · assets $0

    Directly controlled by ut Medical Group Inc

  • 1068 Cresthaven llc

    Medical Care · TN · income $0 · assets $0

    Directly controlled by ut Medical Group Inc

  • MSC Management LLC

    Management services · TN · income $0 · assets $0

    Directly controlled by ut Medical Group Inc

  • UCH Vascular Access ASC LLC

    Medical Care · TN · income $0 · assets $0

    Directly controlled by UT MEDICAL GROUP INC

Related partnerships

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

  • UTMG NEPHROLOGY LLC

    Related · Medical Care · TN · 80% owned · share of income -$156,438 · share of assets $774,657 · general or managing partner

    Directly controlled by UT Medical Group Inc

  • UTMG DERMATOPATHOLOGY LLC

    Related · Medical Care · TN · 67.33% owned · share of income $4,371,363 · share of assets $129,946,273 · general or managing partner

    Directly controlled by UT Medical Group Inc

  • MEMPHIS SURGERY CENTER LTD

    Related · Medical Care · TN · 78.41% owned · share of income $5,833,004 · share of assets $44,998,633 · general or managing partner

    Directly controlled by UT Medical Group Inc

Provenance

Return type
form_990
Tax year
2024
Filed
4 November 2025
IRS schema version
2024v5.1
Source object
202543089349302824

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