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Nonprofiteer
← UNIVERSITY HEALTH SERVICES INC

Form 990 for tax year 2024

Filed by UNIVERSITY HEALTH SERVICES INC.

Totals

Total revenue
$3,296,365
Total expenses
$4,554,174
Contributions and grants received
$0
Grants paid
$1,596,098
Program service revenue
$3,296,365
Investment income
$0
Other revenue
$0
Total assets, end of year
$48,804,180
Total liabilities, end of year
$37,090,706
Net assets or fund balances, end of year
$11,713,474
Program services expenses (Part IX)
$4,390,326
Management and general expenses
$163,848
Fundraising expenses
$0
Program service expenses (Part III)
$4,390,326

Program services were 96.4% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: RENTAL INCOME

    total $4,247,090 · related or exempt $4,247,090 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: RELATED PROGRAM ACTIVITY

    total -$950,725 · related or exempt -$950,725 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

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

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

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

    securities $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,596,098 · program services $1,596,098

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $195 · program services $175 · management and general $20 · fundraising $0

  • 14 · Information technology

    total $11,689 · program services $11,689 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $617,481 · program services $617,481 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $694,541 · program services $694,541 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $2,725 · program services $0 · management and general $2,725 · fundraising $0

  • 24a · Other expenses: PURCHASED SERVICES

    total $1,582,629 · program services $1,424,366 · management and general $158,263 · fundraising $0

  • 24b · Other expenses: CORPORATE SERVICE ALLOC

    total $28,396 · program services $25,556 · management and general $2,840 · fundraising $0

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $20,420 · program services $20,420 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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

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

    $42,871,155

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

    $21,398,664

  • 10c · Land, buildings and equipment, net

    beginning of year $22,167,033 · end of year $21,472,491

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $1,311,862 · end of year $835,608

  • 15 · Other assets

    beginning of year $22,217,022 · end of year $26,496,081

  • 17 · Accounts payable and accrued expenses

    beginning of year $416,896 · end of year $6,623

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $32,307,738 · end of year $37,084,083

  • 27 · Net assets without donor restrictions

    beginning of year $12,971,283 · end of year $11,713,474

Mission and programs · 2024

Mission

UNIVERSITY HEALTH SERVICES, INC. IS A NON-FOR-PROFIT, NON STOCK, CORPORATION, WHICH WAS INCORPORATED IN JANUARY 1995. ITS PURPOSE IS TO SUPPORT THE EDUCATIONAL, SCIENTIFIC, AND CHARITABLE PURPOSES AND ACTIVITIES OF VIRGINIA COMMONWEALTH UNIVERSITY AND, IN PARTICULAR, THE ACTIVITIES OF VIRGINIA COMMONWEALTH UNIVERSITY HEALTH SYSTEM AUTHORITY.

Activities or mission (Part I)

TO SUPPORT THE EDUCATIONAL, SCIENTIFIC AND CHARITABLE PURPOSES AND ACTIVITIES OF VIRGINIA COMMONWEALTH UNIVERSITY HEALTH SYSTEM AUTHORITY & VIRGINIA COMMONWEALTH UNIVERSITY.

  • UHS PROVIDES SUPPORT TO VIRGINIA COMMONWEALTH UNIVERSITY HEALTH SYSTEM THROUGH THE OWNERSHIP OF REAL ESTATE THAT HOUSES SATELLITE AMBULATORY HEALTH CARE CLINICS.

    Expenses $4,390,326 · Grants $1,596,098 · Revenue $3,296,365

As filed on the 2024 return.

Listed in Part VII

  • MICHAEL RAO MD

    CHAIR

    Total calculated
    $1,270,194
    From this org
    $0
    From related orgs
    $885,498
    Other
    $384,696
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $779,315 related
    Bonus
    $0 + $105,703 related
    Other
    $0 + $480 related
    Deferred
    $0 + $295,882 related
    Nontaxable benefits
    $0 + $88,814 related
    Filer's total
    $0 + $1,270,194 related

  • ROMESH WIJESOORIYA MD

    DIRECTOR, Secretary

    Total calculated
    $430,715
    From this org
    $0
    From related orgs
    $360,151
    Other
    $70,564
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,741 related
    Bonus
    $0 + $50,930 related
    Other
    $0 + $480 related
    Deferred
    $0 + $45,245 related
    Nontaxable benefits
    $0 + $25,319 related
    Filer's total
    $0 + $430,715 related

  • ARTURO SAAVEDRA MD

    DIRECTOR

    Total calculated
    $974,299
    From this org
    $0
    From related orgs
    $879,438
    Other
    $94,861
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $760,709 related
    Bonus
    $0 + $118,125 related
    Other
    $0 + $604 related
    Deferred
    $0 + $68,705 related
    Nontaxable benefits
    $0 + $26,156 related
    Filer's total
    $0 + $974,299 related

  • DIANA CANTOR MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES SIEGEL

    TREASURER

    Total calculated
    $988,928
    From this org
    $0
    From related orgs
    $947,947
    Other
    $40,981
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $710,647 related
    Bonus
    $0 + $223,262 related
    Other
    $0 + $14,038 related
    Deferred
    $0 + $34,106 related
    Nontaxable benefits
    $0 + $6,875 related
    Filer's total
    $0 + $988,928 related

  • JIM WILLIS

    DIRECTOR (FEB-JUNE)

    Total calculated
    $637,223
    From this org
    $0
    From related orgs
    $600,044
    Other
    $37,179
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $476,259 related
    Bonus
    $0 + $123,785 related
    Other
    $0
    Deferred
    $0 + $31,604 related
    Nontaxable benefits
    $0 + $5,575 related
    Filer's total
    $0 + $637,223 related

  • JOHN McCURLEY MD

    DIRECTOR (SEPT-JAN)

    Total calculated
    $713,318
    From this org
    $0
    From related orgs
    $667,710
    Other
    $45,608
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $529,110 related
    Bonus
    $0 + $138,600 related
    Other
    $0
    Deferred
    $0 + $40,033 related
    Nontaxable benefits
    $0 + $5,575 related
    Filer's total
    $0 + $713,318 related

  • MARLON LEVY MD

    DIRECTOR

    Total calculated
    $2,067,107
    From this org
    $0
    From related orgs
    $1,954,753
    Other
    $112,354
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,350,523 related
    Bonus
    $0 + $603,750 related
    Other
    $0 + $480 related
    Deferred
    $0 + $68,705 related
    Nontaxable benefits
    $0 + $43,649 related
    Filer's total
    $0 + $2,067,107 related

  • MICHAEL ROUSSOS

    DIRECTOR (JULY-AUG)

    Total calculated
    $779,647
    From this org
    $0
    From related orgs
    $747,119
    Other
    $32,528
    Hours/week
    1 + 63 related

    Schedule J breakdown matched by us

    Base
    $0 + $747,119 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,600 related
    Nontaxable benefits
    $0 + $4,928 related
    Filer's total
    $0 + $779,647 related

  • MICHAEL MCNEELY

    CEO

    Total calculated
    $438,074
    From this org
    $0
    From related orgs
    $401,448
    Other
    $36,626
    Hours/week
    1 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,036 related
    Bonus
    $0 + $86,150 related
    Other
    $0 + $6,262 related
    Deferred
    $0 + $30,651 related
    Nontaxable benefits
    $0 + $5,975 related
    Filer's total
    $0 + $438,074 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
FOR FISCAL YEAR ENDING JUNE 30, 2025, COMPENSATION (SALARIES AND INCENTIVES) FOR THE CEO, EXECUTIVE DIRECTOR OR THE TOP MANAGEMENT OFFICIAL OF THE FILING ORGANIZATION, IS APPROVED BY THE CEO OF THE HEALTH SYSTEM. THE ORGANIZATION USES A THIRD PARTY COMPENSATION CONSULTING FIRM TO CONDUCT A MARKET STUDY TO DETERMINE MARKET POSITION. THE ORGANIZATION MAY ALSO CONDUCT A 360 DEGREE EVALUATION OF ALL SENIOR LEVEL ADMINISTRATORS. THESE DATA ELEMENTS IN CONJUNCTION WITH A REVIEW OF THE INDIVIDUAL'S PERFORMANCE AND THE ATTAINMENT OF GOALS FOR THE YEAR, ARE THE BASIS FOR COMPENSATION RECOMMENDATIONS. THE COMPENSATION COMMITTEE OF THE VCUHS BOARD OF DIRECTORS DISCUSSES THE MATTER AND PRESENTS RECOMMENDATIONS TO THE CEO OF THE HEALTH SYSTEM.

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
8 May 2026
IRS schema version
2024v5.1
Source object
202611289349303906

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