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← UNIVERSITY OF MINNESOTA PHYSICIANS

Form 990 for tax year 2022

Filed by UNIVERSITY OF MINNESOTA PHYSICIANS.

Totals

Total revenue
$902,949,353
Total expenses
$873,243,046
Contributions and grants received
$0
Grants paid
$17,327,786
Program service revenue
$898,127,070
Investment income
$1,147,283
Other revenue
$3,675,000
Total assets, end of year
$309,059,998
Total liabilities, end of year
$200,278,540
Net assets or fund balances, end of year
$108,781,458
Program services expenses (Part IX)
$813,086,100
Management and general expenses
$60,156,946
Fundraising expenses
$0
Program service expenses (Part III)
$813,086,100

Program services were 93.1% 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: CONTRACT SERVICE REV

    total $850,195,404 · related or exempt $850,195,404

  • 2b · Program service revenue: PATIENT SERVICE REV

    total $32,375,423 · related or exempt $32,375,423

  • 2c · Program service revenue: MEDICAID PAYMENTS

    total $15,507,632 · related or exempt $15,507,632

  • 2d · Program service revenue: RETAIL SALES

    total $48,611 · related or exempt $48,611

  • 3 · Investment income

    total $1,277,439 · excluded $1,277,439

  • 7a · Gross sales of assets other than inventory

    securities $3,609,000 · other assets $113,242

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

    securities $3,643,882 · other assets $208,516

  • 7c · Gain or loss

    securities -$34,882 · other assets -$95,274

  • 7d · Net gain or loss

    total -$130,156 · excluded -$130,156

  • 11a · Other revenue: BROADWAY CLINIC PYMT

    total $3,675,000 · related or exempt $3,675,000

  • 11e · Other revenue, total

    $3,675,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,327,786 · program services $17,327,786

  • 5 · Compensation of officers, directors and key employees

    total $11,517,389 · program services $9,460,475 · management and general $2,056,914

  • 7 · Other salaries and wages

    total $620,081,032 · program services $597,630,141 · management and general $22,450,891

  • 8 · Pension plan contributions

    total $48,462,762 · program services $45,814,878 · management and general $2,647,884

  • 9 · Other employee benefits

    total $66,826,185 · program services $63,851,508 · management and general $2,974,677

  • 10 · Payroll taxes

    total $30,736,387 · program services $28,647,933 · management and general $2,088,454

  • 11b · Fees: legal

    total $1,996,061 · program services $341,594 · management and general $1,654,467

  • 11c · Fees: accounting

    total $160,739 · program services $314 · management and general $160,425

  • 11d · Fees: lobbying

    total $48,000 · management and general $48,000

  • 11g · Fees: other

    total $18,911,979 · program services $13,253,194 · management and general $5,658,785

  • 12 · Advertising and promotion

    total $52,904 · program services $14,439 · management and general $38,465

  • 13 · Office expenses

    total $287,972 · program services $254,942 · management and general $33,030

  • 14 · Information technology

    total $8,221,661 · program services $92,703 · management and general $8,128,958

  • 16 · Occupancy

    total $10,073,601 · program services $3,434,531 · management and general $6,639,070

  • 17 · Travel

    total $52,680 · program services $47,958 · management and general $4,722

  • 19 · Conferences, conventions and meetings

    total $404,745 · program services $322,137 · management and general $82,608

  • 20 · Interest

    total -$1,169 · program services -$1,169

  • 22 · Depreciation, depletion and amortization

    total $2,701,182 · program services $1,395,570 · management and general $1,305,612

  • 23 · Insurance

    total $14,851,205 · program services $13,585,418 · management and general $1,265,787

  • 24a · Other expenses: ALL OTHER EXPENSES

    total $15,544,947 · program services $12,637,772 · management and general $2,907,175

  • 24b · Other expenses: MEDICAL SUPPLIER/DRUGS

    total $2,644,734 · program services $2,639,554 · management and general $5,180

  • 24c · Other expenses: DEAN SUPPORT/DEAN TAX

    total $1,981,197 · program services $1,981,197

  • 24d · Other expenses: MN CARE TAX

    total $370,602 · program services $364,760 · management and general $5,842

  • 24e · All other expenses

    total -$11,535 · program services -$11,535

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $119,824,794 · end of year $111,574,890

  • 2 · Savings and temporary cash investments

    beginning of year $19,483,464 · end of year $27,441,469

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $115,260,701 · end of year $147,526,419

  • 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 $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,588,970 · end of year $2,504,278

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

    $28,881,848

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

    $17,804,125

  • 10c · Land, buildings and equipment, net

    beginning of year $11,364,144 · end of year $11,077,723

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $8,935,219

  • 17 · Accounts payable and accrued expenses

    beginning of year $169,425,376 · end of year $200,278,540

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $99,096,697 · end of year $108,781,458

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

UNIVERSITY OF MINNESOTA PHYSICIANS SERVES AS THE INTEGRATED GROUP PRACTICE FOR THE UNIVERSITY OF MINNESOTA MEDICAL SCHOOL FULL-TIME FACULTY TO PROVIDE THE HIGHEST QUALITY HEALTHCARE TO PATIENTS AND THEIR FAMILIES.UNIVERSITY OF MINNESOTA PHYSICIANS IS A MULTI-SPECIALTY PHYSICIAN ORGANIZATION SERVING AS THE FACULTY PRACTICE PLAN FOR THE UNIVERSITY OF MINNESOTA MEDICAL SCHOOL. IT IS DEDICATED TO PROVIDING HIGH QUALITY, PATIENT FOCUSED CARE AND ADVANCING MEDICAL KNOWLEDGE. IT SUPPORTS THERESEARCH AND EDUCATION MISSIONS OF THE MEDICAL SCHOOL.

Activities or mission (Part I)

TO PROVIDE THE HIGHEST QUALITY HEALTHCARE TO PATIENTS AND THEIR FAMILIES.

  • UNIVERSITY OF MINNESOTA PHYSICIANS (UMP) SERVES AS THE INTEGRATED, MULTI-SPECIALTY GROUP PRACTICE FOR THE UNIVERSITY OF MINNESOTA MEDICAL SCHOOL (MEDICAL SCHOOL) FACULTY. IT OPERATES AS AN INTEGRAL PART OF THE MEDICAL SCHOOL, A COMPONENT OF THE UNIVERSITY OF MINNESOTA (UNIVERSITY), WHICH IS A TAX-EXEMPT LAND GRANT PUBLIC UNIVERSITY.(CONTINUED ON SCHEDULE O)AS THE DESIGNATED PRACTICE GROUP FOR THE MEDICAL SCHOOL'S FACULTY, UMP WAS ESTABLISHED TO SUPPORT THE MEDICAL SCHOOL'S TRIPARTITE MISSION: CLINICAL CARE, TEACHING, AND RESEARCH. IT IS THE ORGANIZATION THROUGH WHICH THE FACULTY PHYSICIANS PROVIDE CLINICAL CARE TO PATIENTS AND CLINICAL TRAINING TO THE NEXT GENERATION OF PHYSICIANS. THE FUNDS DERIVED FROM UMP'S ACTIVITIES ARE USED TO FINANCIALLY SUPPORT THE MEDICAL SCHOOL'S TEACHING, RESEARCH, ACADEMIC ADMINISTRATION, AND COMMUNITY SERVICE ACTIVITIES.CLINICAL CARE:UMP SERVES THE MEDICAL SCHOOL'S CLINICAL CARE MISSION AND THE UNIVERSITY'S LAND GRANT MISSION BY PROVIDING HIGH-QUALITY, INNOVATIVE AND CUTTING-EDGE CLINICAL CARE TO PATIENTS ACROSS THE STATE OF MINNESOTA AND BEYOND. IT BRINGS ACADEMIC MEDICINE AND EVIDENCE-BASED CARE TO PATIENTS AT OVER 80 CLINICAL CARE SITES IN MINNESOTA. UMP OWNS AND OPERATES A NUMBER OF PRIMARY CARE AND SPECIALTY CLINICS, INCLUDING A NUMBER OF WHOLLY-OWNED CLINICS, AS WELL AS A CO-OWNED AMBULATORY CARE CENTER, THE UNIVERSITY OF MINNESOTA HEALTH CLINICS AND SURGERY CENTER, WHICH HOUSES A BROAD RANGE OF SPECIALTY CLINICS. UMP ALSO PROVIDES PATIENT CARE AT THE HOSPITAL AND AMBULATORY CARE SITES OF ITS CLINICAL PARTNERS, WHICH INCLUDE OVER A DOZEN NONPROFIT HEALTH CARE SYSTEMS WITH FACILITIES LOCATED IN THE METROPOLITAN REGION AS WELL AS THE GREATER MINNESOTA REGION.UNDER AN ACADEMIC AFFILIATION RELATIONSHIP WITH ITS PRIMARY CLINICAL PARTNER, UMP PROVIDES THE PRIMARY PHYSICIAN STAFFING FOR THE UNIVERSITY OF MINNESOTA MEDICAL CENTER, MINNESOTA'S FLAGSHIP TEACHING FACILITY AND THE REGION'S ONLY UNIVERSITY-LEVEL ACADEMIC MEDICAL CENTER. IN ADDITION TO STAFFING THE ACADEMIC MEDICAL CENTER, UMP ALSO PROVIDES MEDICAL LEADERSHIP FOR THE CENTER, WHICH INCLUDES TWO ACUTE CARE HOSPITALS (ADULT AND PEDIATRIC - THE UNIVERSITY OF MINNESOTA MASONIC CHILDREN'S HOSPITAL, HOME OF SOME OF THE WORLD'S TOP PEDIATRIC CANCER PROGRAMS) AND DOZENS OF OUTPATIENT SPECIALTY CLINICS.UMP EMPLOYS MORE THAN 1,200 PHYSICIANS AND 2,400 OTHER CLINICIANS AND STAFF WHO ARE COMMITTED TO PROVIDING HIGH-QUALITY, PATIENT-FOCUSED CARE TO THE COMMUNITIES IT SERVES. UMP'S HIGHLY SKILLED AND HIGHLY TRAINED PHYSICIANS PROVIDE CARE IN OVER 90 SPECIALTIES AND SUB-SPECIALTIES, DIAGNOSING AND TREATING ALL PATIENT POPULATIONS AND MANAGING SOME OF THE MOST COMPLEX AND RARE CONDITIONS. UMP SERVES OVER ONE MILLION PATIENTS ANNUALLY. IT HAS A CHARITY CARE PROGRAM FOR THE UNINSURED AND UNDERINSURED AND SERVES MANY UNDERSERVED POPULATIONS. FOR EXAMPLE: ITS BROADWAY FAMILY MEDICINE CLINIC, HAS LONG PROVIDED PRIMARY CARE TO AN UNDERSERVED URBAN COMMUNITY WITH LIMITED ACCESS TO HEALTH CARE; ITS STUDENT-RUN PHILLIPS NEIGHBORHOOD CLINIC IS A FREE CLINIC THAT SERVICES AN UNINSURED POPULATION. TEACHING:UMP SERVES THE MEDICAL SCHOOL'S TEACHING MISSION BY PROVIDING CLINICAL TRAINING TO THE MEDICAL STUDENTS, RESIDENTS, AND FELLOWS IN THE MEDICAL SCHOOL'S GRADUATE MEDICAL EDUCATION PROGRAMS. UMP'S FACULTY PHYSICIANS PROVIDE THIS VITAL TRAINING AS PART OF THE CLINICAL CARE THEY PROVIDE TO PATIENTS. THEY PROVIDE THE PHYSICIANS-IN-TRAINING WITH REAL LIFE, HANDS-ON PATIENT EXPERIENCE IN THE CLINICAL SETTING, INSTRUCTING THEM ON ALL ASPECTS OF PATIENT CARE AND SUPERVISING THEIR PATIENT CARE ACTIVITIES. THIS CLINICAL TRAINING COVERS OVER 140 MEDICAL RESIDENCY AND FELLOWSHIP PROGRAMS FOR 19 GENERAL SPECIALTIES AND OVER 100 SUBSPECIALTIES. UMP'S FACULTY PHYSICIANS TRAIN OVER 70% OF MINNESOTA'S PHYSICIANS.RESEARCH:UMP SERVICES THE MEDICAL SCHOOL'S RESEARCH MISSION BY SUPPORTING ITS FACULTY PHYSICIANS' CLINICAL RESEARCH EFFORTS. UMP'S FACULTY PHYSICIANS ARE PHYSICIAN SCIENTISTS WHO ARE DRIVEN TO ADVANCE MEDICAL KNOWLEDGE THROUGH SCHOLARSHIP AND TRANSLATIONAL RESEARCH. THROUGH THE CLINICAL TRIALS THEY LEAD, THEY BRING NEW CURES AND TREATMENTS TO THE PATIENTS THEY CARE FOR IN THEIR CLINICAL PRACTICES.AS A NATIONAL RESEARCH POWERHOUSE, THE UNIVERSITY OF MINNESOTA MEDICAL SCHOOL HAS LONG BEEN RECOGNIZED FOR PIONEERING NEW TECHNIQUES AND THERAPIES IN MEDICINE. THE WORLD'S FIRST SUCCESSFUL OPEN HEART SURGERY, HEART TRANSPLANT, AND BONE MARROW TRANSPLANT WERE PERFORMED AT THE UNIVERSITY OF MINNESOTA MEDICAL CENTER. THE MEDICAL SCHOOL ALSO DEVELOPED THE FIRST HEART-LUNG MACHINE, THE FIRST WEARABLE, BATTERY-OPERATED PACEMAKER, AND MORE RECENTLY, THE FIRST-OF-ITS-KIND MOBILE RESUSCITATION VEHICLE TO BRING LIFE-SAVING, EMERGENCY ROOM-LEVEL CARE TO FIRST RESPONDERS FOR CARDIAC ARREST PATIENTS.THE MEDICAL SCHOOL REMAINS AT THE FOREFRONT OF THE LATEST CLINICAL TRIALS AND OTHER RESEARCH. KEY RESEARCH AREAS INCLUDE: STEM CELL RESEARCH AND REGENERATIVE MEDICINE; SOLID ORGAN AND BLOOD AND MARROW TRANSPLANTATION, DIABETES, IMMUNOLOGY AND INFECTIOUS DISEASE, CANCER, NEUROSCIENCE, LUNG DISEASE, AND CARDIOVASCULAR DISEASE. UMP'S FACULTY PHYSICIANS ARE PRINCIPAL INVESTIGATORS IN HUNDREDS OF ONGOING CLINICAL TRIALS IN THESE AREAS. THEIR RESEARCH ALLOWS UMP TO CONSTANTLY IMPROVE PATIENT CARE, OUTCOMES, AND QUALITY OF LIFE. THE FUNDING UMP PROVIDES TO THE MEDICAL SCHOOL SUPPORTS THESE RESEARCH EFFORTS.

    Expenses $813,086,100 · Grants $17,327,786 · Revenue $901,802,070

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DENIS CLOHISY

    PHYSICIAN & BOARD VICE CHAIR

    Total calculated
    $1,180,131
    From this org
    $501,121
    From related orgs
    $562,569
    Other
    $116,441
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $450,093 + $465,547 related
    Bonus
    $44,917 + $97,022 related
    Other
    $6,111
    Deferred
    $39,650
    Nontaxable benefits
    $2,859 + $73,932 related
    Filer's total
    $543,630 + $636,501 related

  • JAKUB TOLAR

    PHYSICIAN & BOARD CHAIR

    Total calculated
    $977,847
    From this org
    $38,958
    From related orgs
    $873,172
    Other
    $65,717
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $35,000 + $873,152 related
    Bonus
    $1,900
    Other
    $2,058 + $20 related
    Deferred
    $4,797
    Nontaxable benefits
    $0 + $60,920 related
    Filer's total
    $43,755 + $934,092 related

  • SAYEED IKRAMUDDIN

    DIRECTOR AND EMPLOYED PHYSICIAN

    Total calculated
    $957,261
    From this org
    $553,217
    From related orgs
    $315,118
    Other
    $88,926
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $524,630 + $206,662 related
    Bonus
    $23,318 + $106,456 related
    Other
    $5,269 + $2,000 related
    Deferred
    $39,650
    Nontaxable benefits
    $1,201 + $48,075 related
    Filer's total
    $594,068 + $363,193 related

  • BEVAN YUEH

    CEO

    Total calculated
    $899,900
    From this org
    $523,664
    From related orgs
    $272,862
    Other
    $103,374
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $402,467 + $272,862 related
    Bonus
    $118,151
    Other
    $3,046
    Deferred
    $45,750
    Nontaxable benefits
    $908 + $56,716 related
    Filer's total
    $570,322 + $329,578 related

  • ELIZABETH SEAQUIST

    DIRECTOR AND EMPLOYED PHYSICIAN

    Total calculated
    $688,150
    From this org
    $210,420
    From related orgs
    $380,718
    Other
    $97,012
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $139,682 + $370,718 related
    Bonus
    $67,656 + $10,000 related
    Other
    $3,082
    Deferred
    $26,954
    Nontaxable benefits
    $594 + $69,464 related
    Filer's total
    $237,968 + $450,182 related

  • JOSEPH NEGLIA

    DIRECTOR AND EMPLOYED PHYSICIAN

    Total calculated
    $673,926
    From this org
    $262,981
    From related orgs
    $322,610
    Other
    $88,335
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $240,400 + $249,400 related
    Bonus
    $19,222 + $73,210 related
    Other
    $3,359
    Deferred
    $33,751
    Nontaxable benefits
    $974 + $53,610 related
    Filer's total
    $297,706 + $376,220 related

  • JOEL BOYD

    DIRECTOR AND EMPLOYED PHYSICIAN

    Total calculated
    $647,698
    From this org
    $582,143
    From related orgs
    $0
    Other
    $65,555
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $577,619
    Bonus
    $0
    Other
    $4,524
    Deferred
    $39,650
    Nontaxable benefits
    $25,905
    Filer's total
    $647,698

  • PETER IGARASHI

    DIRECTOR AND EMPLOYED PHYSICIAN

    Total calculated
    $615,774
    From this org
    $216,776
    From related orgs
    $335,883
    Other
    $63,115
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $192,115 + $250,520 related
    Bonus
    $21,600 + $85,363 related
    Other
    $3,061
    Deferred
    $27,783
    Nontaxable benefits
    $1,157 + $34,175 related
    Filer's total
    $245,716 + $370,058 related

  • AMY REED

    DIRECTOR AND EMPLOYED PHYSICIAN

    Total calculated
    $614,380
    From this org
    $511,426
    From related orgs
    $47,553
    Other
    $55,401
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $504,225 + $47,553 related
    Bonus
    $0
    Other
    $7,201
    Deferred
    $39,650
    Nontaxable benefits
    $2,095 + $13,656 related
    Filer's total
    $553,171 + $61,209 related

  • RAHEL GHEBRE

    PHYSICIAN & BOARD SECRETARY

    Total calculated
    $516,118
    From this org
    $349,897
    From related orgs
    $93,030
    Other
    $73,191
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $324,346 + $93,030 related
    Bonus
    $21,650
    Other
    $3,901
    Deferred
    $39,650
    Nontaxable benefits
    $398 + $33,143 related
    Filer's total
    $389,945 + $126,173 related

  • CATHERINE BENDEL

    DIRECTOR AND EMPLOYED PHYSICIAN

    Total calculated
    $358,254
    From this org
    $230,075
    From related orgs
    $67,072
    Other
    $61,107
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $223,498 + $67,072 related
    Bonus
    $3,900
    Other
    $2,677
    Deferred
    $29,562
    Nontaxable benefits
    $1,061 + $30,484 related
    Filer's total
    $260,698 + $97,556 related

  • KATHRYN KACEY JUSTESEN

    DIRECTOR AND EMPLOYED PHYSICIAN

    Total calculated
    $317,435
    From this org
    $101,853
    From related orgs
    $164,781
    Other
    $50,801
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $92,513 + $164,781 related
    Bonus
    $8,000
    Other
    $1,340
    Deferred
    $13,067
    Nontaxable benefits
    $0 + $37,734 related
    Filer's total
    $114,920 + $202,515 related

  • NAOMI FUJIOKA

    DIRECTOR AND EMPLOYED PHYSICIAN

    Total calculated
    $218,059
    From this org
    $193,132
    From related orgs
    $0
    Other
    $24,927
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $165,965
    Bonus
    $24,920
    Other
    $2,247
    Deferred
    $24,815
    Nontaxable benefits
    $112
    Filer's total
    $218,059

  • DEE THIBODEAU

    COMMUNITY BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES HEREFORD

    COMMUNITY BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JON CHRISTIANSON

    COMMUNITY BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JULIA JOSEPH-DICAPRIO

    COMMUNITY BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KATHLEEN PICKARD

    COMMUNITY BOARD MEMBER & BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KRISTINE B JOHNSON

    COMMUNITY BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICHARD MIGLIORI

    COMMUNITY BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TOM OLSON

    COMMUNITY BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NICK NYHUS

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $492,615
    From this org
    $419,644
    From related orgs
    $0
    Other
    $72,971
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $350,500
    Bonus
    $65,000
    Other
    $4,144
    Deferred
    $45,490
    Nontaxable benefits
    $27,481
    Filer's total
    $492,615

  • WILLIAM SIBERT

    CFO

    Total calculated
    $234,099
    From this org
    $0
    From related orgs
    $212,885
    Other
    $21,214
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,885 related
    Bonus
    $0
    Other
    $0 + $50,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,214 related
    Filer's total
    $0 + $234,099 related

  • CHRISTOPHER MARTIN

    EMPLOYED PHYSICIAN

    Total calculated
    $2,075,213
    From this org
    $1,961,176
    From related orgs
    $47,024
    Other
    $67,013
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $971,904 + $47,024 related
    Bonus
    $985,813
    Other
    $3,459
    Deferred
    $39,650
    Nontaxable benefits
    $220 + $27,143 related
    Filer's total
    $2,001,046 + $74,167 related

  • ROSEMARY KELLY

    EMPLOYED PHYSICIAN

    Total calculated
    $1,427,111
    From this org
    $1,257,125
    From related orgs
    $93,381
    Other
    $76,605
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $1,200,766 + $93,381 related
    Bonus
    $50,869
    Other
    $5,490
    Deferred
    $39,650
    Nontaxable benefits
    $3,705 + $33,250 related
    Filer's total
    $1,300,480 + $126,631 related

  • MATTHEW HUNT

    EMPLOYED PHYSICIAN

    Total calculated
    $1,110,431
    From this org
    $1,042,400
    From related orgs
    $0
    Other
    $68,031
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $995,405
    Bonus
    $41,712
    Other
    $5,283
    Deferred
    $39,650
    Nontaxable benefits
    $28,381
    Filer's total
    $1,110,431

  • LUCIANO AMADO

    EMPLOYED PHYSICIAN

    Total calculated
    $990,169
    From this org
    $919,818
    From related orgs
    $0
    Other
    $70,351
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $689,600
    Bonus
    $225,257
    Other
    $4,961
    Deferred
    $39,650
    Nontaxable benefits
    $30,701
    Filer's total
    $990,169

  • TUSHAR VORA

    EMPLOYED PHYSICIAN

    Total calculated
    $952,917
    From this org
    $882,072
    From related orgs
    $0
    Other
    $70,845
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $690,800
    Bonus
    $185,921
    Other
    $5,351
    Deferred
    $39,650
    Nontaxable benefits
    $31,195
    Filer's total
    $952,917

  • PETE MITSCH

    FORMER CFO

    Total calculated
    $362,346
    From this org
    $0
    From related orgs
    $311,176
    Other
    $51,170
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $311,176 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $51,170 related
    Filer's total
    $0 + $362,346 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 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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)

PART I, LINE 5
INCENTIVE COMPENSATION IS PAID BASED UPON ATTAINMENT OF SPECIFIC GOALS RELATED TO INDIVIDUAL CLINICAL PRODUCTIVITY, NOT THE EARNINGS OF THE ENTIRE ORGANIZATION.

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.

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.

Related corporations and trusts

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

  • UMP ASSURANCE COMPANY

    C · SELF-INSURANCE · CJ · 100% owned · share of income $14,127,200 · share of assets $43,582,031 · controlled entity

    Directly controlled by UMPHYSICIANS

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202441319349300434

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