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Nonprofiteer
← UNIVERSITY HEALTH CENTER INC

Form 990 for tax year 2024

Filed by UNIVERSITY HEALTH CENTER INC.

Totals

Total revenue
$827,784
Total expenses
$1,278,826
Contributions and grants received
$0
Grants paid
$1,118,017
Program service revenue
$0
Investment income
$827,784
Other revenue
$0
Total assets, end of year
$43,923,796
Total liabilities, end of year
$503,243
Net assets or fund balances, end of year
$43,420,553
Program services expenses (Part IX)
$1,118,017
Management and general expenses
$160,809
Fundraising expenses
$0
Program service expenses (Part III)
$1,118,017

Program services were 87.4% 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.

  • 3 · Investment income

    total $1,766,847 · excluded $1,766,847

  • 7a · Gross sales of assets other than inventory

    securities $6,095,279

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

    securities $7,034,342

  • 7c · Gain or loss

    securities -$939,063

  • 7d · Net gain or loss

    total -$939,063 · excluded -$939,063

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,118,017 · program services $1,118,017

  • 5 · Compensation of officers, directors and key employees

    total $39,052 · management and general $39,052

  • 11a · Fees: management

    total $19,667 · management and general $19,667

  • 11c · Fees: accounting

    total $24,501 · management and general $24,501

  • 11f · Fees: investment management

    total $71,246 · management and general $71,246

  • 13 · Office expenses

    total $3,669 · management and general $3,669

  • 23 · Insurance

    total $2,674 · management and general $2,674

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $921,868 · end of year $1,143,922

  • 11 · Investments: publicly traded securities

    beginning of year $39,811,703 · end of year $42,547,105

  • 15 · Other assets

    beginning of year $228,836 · end of year $232,769

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,595 · end of year $6,008

  • 18 · Grants payable

    beginning of year $301,872 · end of year $264,466

  • 25 · Other liabilities

    beginning of year $228,836 · end of year $232,769

  • 27 · Net assets without donor restrictions

    beginning of year $1,529,306 · end of year $1,680,730

  • 28 · Net assets with donor restrictions

    beginning of year $38,898,798 · end of year $41,739,823

Mission and programs · 2024

Mission

UNIVERSITY HEALTH CENTER'S MISSION IS TO MAINTAIN FUNDS TO BE USED BY VARIOUS MEDICAL PRACTICES OF THE UNIVERSITY OF VERMONT MEDICAL CENTER AND CORRESPONDING DEPARTMENTS OF THE UNIVERSITY OF VERMONT COLLEGE OF MEDICINE.

Activities or mission (Part I)

ADMINISTRATION OF FUNDS FOR USE BY VARIOUS CLINICAL PRACTICES OF UNIVERSITY OF VERMONT MEDICAL CENTER AND SIMILAR DEPARTMENTS AT UNIVERSITY OF VERMONT COLLEGE OF MEDICINE

  • ADMINISTRATION OF FUNDS FOR USE BY VARIOUS MEDICAL PRACTICE UNITS OF THE UNIVERSITY OF VERMONT MEDICAL CENTER AND SIMILAR DEPARTMENTS AT THE UNIVERSITY OF VERMONT COLLEGE OF MEDICINE.

    Expenses $1,118,017 · Grants $1,118,017

As filed on the 2024 return.

Listed in Part VII

  • Mark Fung MD

    TRUSTEE

    Total calculated
    $411,929
    From this org
    $0
    From related orgs
    $411,929
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $411,929 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $411,929 related

  • Erin Morris MD

    TRUSTEE

    Total calculated
    $430,664
    From this org
    $0
    From related orgs
    $430,664
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $430,664 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $430,664 related

  • Richard Pinckney MD

    TRUSTEE

    Total calculated
    $197,981
    From this org
    $0
    From related orgs
    $197,981
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $197,981 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $197,981 related

  • Lauren Macafee MD

    TRUSTEE

    Total calculated
    $388,730
    From this org
    $0
    From related orgs
    $388,730
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $388,730 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $388,730 related

  • Friederike Keating MD

    TRUSTEE

    Total calculated
    $471,240
    From this org
    $0
    From related orgs
    $471,240
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $471,240 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $471,240 related

  • David Lunardini MD

    TRUSTEE

    Total calculated
    $818,269
    From this org
    $0
    From related orgs
    $818,269
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $818,269 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $818,269 related

  • Jonathan Flyer MD

    TRUSTEE

    Total calculated
    $330,287
    From this org
    $0
    From related orgs
    $330,287
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $330,287 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $330,287 related

  • Marc A Stanislas

    SECRETARY/ TREASURER

    Total calculated
    $439,468
    From this org
    $39,052
    From related orgs
    $400,416
    Other
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $39,052 + $400,416 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $39,052 + $400,416 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

  • 2 · Substantiation required before reimbursing expenses

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
2024
Filed
13 August 2026
IRS schema version
2024v5.5
Source object
202612299349301431

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