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Nonprofiteer
← UNIVERSITY HEALTH CARE INC

Form 990 for tax year 2023

Filed by UNIVERSITY HEALTH CARE INC.

Totals

Total revenue
$39,353
Total expenses
$13,297
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$34,184
Other revenue
$5,169
Total assets, end of year
$122,432,254
Total liabilities, end of year
$6,972
Net assets or fund balances, end of year
$122,425,282
Program services expenses (Part IX)
$0
Management and general expenses
$13,297
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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 $34,184 · excluded $34,184

  • 11d · All other revenue

    total $5,169 · excluded $5,169

  • 11e · Other revenue, total

    $5,169

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $13,297 · management and general $13,297

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,290,571 · end of year $4,878,559

  • 4 · Accounts receivable

    beginning of year $0 · end of year $21,210

  • 13 · Investments: program-related

    beginning of year $102,316,679 · end of year $114,843,398

  • 14 · Intangible assets

    beginning of year $2,689,087 · end of year $2,689,087

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,168 · end of year $6,972

  • 27 · Net assets without donor restrictions

    beginning of year $109,291,169 · end of year $122,425,282

Mission and programs · 2023

Mission

Furthering the service, instruction, and research mission of the University of Wisconsin School of Medicine and Public Health, University of Wisconsin Hospital and Clinics, and the University of Wisconsin Medical Foundation.

Activities or mission (Part I)

The goal of University Health Care, Inc. is to act as holding company for its investment in Quartz Health Insurance.

  • University Health Care, Inc. primarily operates as a holding company for its investment in Quartz Health Insurance.

As filed on the 2023 return.

Listed in Part VII

  • Alan Kaplan MD

    Director

    Total calculated
    $4,212,016
    From this org
    $0
    From related orgs
    $3,229,029
    Other
    $982,987
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,900,400 related
    Bonus
    $0 + $1,085,257 related
    Other
    $0 + $243,372 related
    Deferred
    $0 + $927,300 related
    Nontaxable benefits
    $0 + $55,687 related
    Filer's total
    $0 + $4,212,016 related

  • Bob Flannery

    Vice President/Treasurer/Director

    Total calculated
    $1,432,442
    From this org
    $0
    From related orgs
    $1,211,835
    Other
    $220,607
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $871,949 related
    Bonus
    $0 + $333,874 related
    Other
    $0 + $6,012 related
    Deferred
    $0 + $180,863 related
    Nontaxable benefits
    $0 + $39,744 related
    Filer's total
    $0 + $1,432,442 related

  • Robert N Golden MD

    Director

    Total calculated
    $1,051,842
    From this org
    $0
    From related orgs
    $984,433
    Other
    $67,409
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $984,433 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $66,000 related
    Nontaxable benefits
    $0 + $1,409 related
    Filer's total
    $0 + $1,051,842 related

  • Carey Gehl

    President/DIrector

    Total calculated
    $1,348,722
    From this org
    $0
    From related orgs
    $1,169,859
    Other
    $178,863
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $642,233 related
    Bonus
    $0 + $241,202 related
    Other
    $0 + $286,424 related
    Deferred
    $0 + $137,568 related
    Nontaxable benefits
    $0 + $41,295 related
    Filer's total
    $0 + $1,348,722 related

  • Kelsie Doty

    Director

    Total calculated
    $448,957
    From this org
    $0
    From related orgs
    $381,038
    Other
    $67,919
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $266,535 related
    Bonus
    $0 + $69,246 related
    Other
    $0 + $45,257 related
    Deferred
    $0 + $52,028 related
    Nontaxable benefits
    $0 + $15,891 related
    Filer's total
    $0 + $448,957 related

  • Patricia Hutter

    Secretary

    Total calculated
    $674,128
    From this org
    $0
    From related orgs
    $576,774
    Other
    $97,354
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $314,205 related
    Bonus
    $0 + $92,755 related
    Other
    $0 + $169,814 related
    Deferred
    $0 + $57,990 related
    Nontaxable benefits
    $0 + $39,364 related
    Filer's total
    $0 + $674,128 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

Part I, Line 3
All wages are paid by the supported organizations which are: University of Wisconsin Hospital and Clinics Authority and University of Wisconsin Medical Foundation. The CEO and VP's compensation is discussed and reviewed with the Board in an executive session by the Director of compensation and benefits for UW Hospitals and Clinics Authority (the employer of record).
Part I, Line 4b
Several members of the Board participate in supplemental, non-qualified retirement plans through their employers, who are "related organizations to the filing entity. Those individuals particpate in a 457(f) plan. In 2023, the following employer contributions were made: - Alan Kaplan $901,890 - Bob Flannery $138,184 - Cary Gehl $112,158 - Patricia Hutter $32,580 - Kelsie Doty $9,349 In 2023, the following employer distributions were made: - Alan Kaplan $220,000 - Cary Gehl $285,741 - Patricia Hutter $164,358 - Kelsie Doty $41,900

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

No itemized grants to organizations 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.

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413209349305786

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