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Nonprofiteer
← UNIVERSITY MEDICAL DIAGNOSTIC ASSOCIATES INC

Form 990 for tax year 2024

Filed by UNIVERSITY MEDICAL DIAGNOSTIC ASSOCIATES INC.

Totals

Total revenue
$108,082,440
Total expenses
$67,478,823
Contributions and grants received
$0
Grants paid
$4,730,892
Program service revenue
$59,334,893
Investment income
$36,755,609
Other revenue
$11,991,938
Total assets, end of year
$108,798,670
Total liabilities, end of year
$4,220
Net assets or fund balances, end of year
$108,794,450
Program services expenses (Part IX)
$67,360,023
Management and general expenses
$118,800
Fundraising expenses
$0
Program service expenses (Part III)
$67,360,023

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 $59,334,893 · related or exempt $59,334,893

  • 3 · Investment income

    total $2,640,666 · excluded $2,640,666

  • 7a · Gross sales of assets other than inventory

    securities $37,421,760

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

    securities $3,306,817

  • 7c · Gain or loss

    securities $34,114,943

  • 7d · Net gain or loss

    total $34,114,943 · related or exempt $34,114,943

  • 11a · Other revenue: GAIN ON JOINT VENTURE

    total $11,991,938 · related or exempt $11,991,938

  • 11e · Other revenue, total

    $11,991,938

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,730,892 · program services $4,730,892

  • 5 · Compensation of officers, directors and key employees

    total $128,673 · program services $128,673

  • 10 · Payroll taxes

    total $392,025 · program services $392,025

  • 11c · Fees: accounting

    total $49,580 · management and general $49,580

  • 11g · Fees: other

    total $61,744,785 · program services $61,744,785

  • 13 · Office expenses

    total $3,394 · program services $3,394

  • 19 · Conferences, conventions and meetings

    total $56,111 · program services $56,111

  • 21 · Payments to affiliates

    total $290,537 · program services $290,537

  • 23 · Insurance

    total $82,578 · program services $13,358 · management and general $69,220

  • 24a · Other expenses: DUES & SUB.

    total $248 · program services $248

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $50,122,749 · end of year $93,524,253

  • 4 · Accounts receivable

    beginning of year $12,480,169 · end of year $15,199,737

  • 9 · Prepaid expenses and deferred charges

    beginning of year $200 · end of year $200

  • 12 · Investments: other securities

    beginning of year $5,602,473

  • 15 · Other assets

    beginning of year $0 · end of year $74,480

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,759 · end of year $4,220

  • 27 · Net assets without donor restrictions

    beginning of year $68,190,832 · end of year $108,794,450

Mission and programs · 2024

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 $67,360,023 · Grants $4,730,892 · Revenue $73,967,493

As filed on the 2024 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
    $61,375
    From this org
    $1,375
    From related orgs
    $60,000
    Other
    $0
    Hours/week
    2 + 40 related

  • Thomas Betley

    TREASURER

    Total calculated
    $159,997
    From this org
    $0
    From related orgs
    $159,997
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $159,997 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $159,997 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
    $172,011
    From this org
    $102,011
    From related orgs
    $70,000
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $70,000 related
    Bonus
    $102,011
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $102,011 + $70,000 related

  • Michael Econs MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $71,972
    From this org
    $1,972
    From related orgs
    $70,000
    Other
    $0
    Hours/week
    2 + 40 related

  • Samir Gupta MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $72,366
    From this org
    $2,366
    From related orgs
    $70,000
    Other
    $0
    Hours/week
    2 + 40 related

  • Steven Hugenberg MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $60,932
    From this org
    $932
    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

  • Roberto Machado MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $83,524
    From this org
    $13,524
    From related orgs
    $70,000
    Other
    $0
    Hours/week
    2 + 40 related

  • Rakesh Mehta MD

    DIRECTOR/PHYSICIAN

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

  • Sharon Moe MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $80,323
    From this org
    $10,323
    From related orgs
    $70,000
    Other
    $0
    Hours/week
    2 + 40 related

  • Greg Sachs MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $74,323
    From this org
    $4,323
    From related orgs
    $70,000
    Other
    $0
    Hours/week
    2 + 40 related

  • Evan Fogel MD

    PHYSICIAN

    Total calculated
    $207,925
    From this org
    $137,925
    From related orgs
    $70,000
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $70,000 related
    Bonus
    $137,925
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $137,925 + $70,000 related

  • Raj Vuppalanchi MD

    PHYSICIAN

    Total calculated
    $190,513
    From this org
    $120,513
    From related orgs
    $70,000
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $70,000 related
    Bonus
    $120,513
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $120,513 + $70,000 related

  • Naga Chalasani MD

    PHYSICIAN

    Total calculated
    $189,492
    From this org
    $119,492
    From related orgs
    $70,000
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $70,000 related
    Bonus
    $119,492
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $119,492 + $70,000 related

  • Samer Gawrieh MD

    PHYSICIAN

    Total calculated
    $172,279
    From this org
    $102,279
    From related orgs
    $70,000
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $70,000 related
    Bonus
    $102,279
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $102,279 + $70,000 related

  • Eric Orman MD

    PHYSICIAN

    Total calculated
    $160,058
    From this org
    $100,058
    From related orgs
    $60,000
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $60,000 related
    Bonus
    $100,058
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $100,058 + $60,000 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
2024
Filed
30 October 2025
IRS schema version
2024v5.2
Source object
202543039349301754

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