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← UNIVERSITY SURGICAL ASSOCIATES INC

Form 990 for tax year 2023

Filed by UNIVERSITY SURGICAL ASSOCIATES INC.

Totals

Total revenue
$51,088,505
Total expenses
$55,808,338
Contributions and grants received
$1,078,668
Grants paid
$33,804
Program service revenue
$48,739,305
Investment income
$1,343,226
Other revenue
-$72,694
Total assets, end of year
$47,404,891
Total liabilities, end of year
$27,076,648
Net assets or fund balances, end of year
$20,328,243
Program services expenses (Part IX)
$46,395,724
Management and general expenses
$9,412,614
Fundraising expenses
$0
Program service expenses (Part III)
$46,395,724

Program services were 83.1% 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.

  • 1d · Related organizations

    $801,887

  • 1f · All other contributions, gifts and grants

    $276,781

  • 2a · Program service revenue: PATIENT SERVICE FEES

    total $26,002,860 · related or exempt $26,002,860

  • 2b · Program service revenue: CONTRACT AND STAFF SER

    total $17,322,223 · related or exempt $17,322,223

  • 2c · Program service revenue: TEACHING AND ADMINISTR

    total $5,023,413 · related or exempt $5,023,413

  • 2d · Program service revenue: OTHER CONTRACT REVENUE

    total $390,809 · related or exempt $163,072 · unrelated business $227,737

  • 3 · Investment income

    total $544,217 · excluded $544,217

  • 7a · Gross sales of assets other than inventory

    securities $8,093,824

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

    securities $7,274,046 · other assets $20,769

  • 7c · Gain or loss

    securities $819,778 · other assets -$20,769

  • 7d · Net gain or loss

    total $799,009 · excluded $799,009

  • 11a · Other revenue: GAIN/LOSS ON EQUITY IN

    total -$72,694 · unrelated business -$72,694

  • 11e · Other revenue, total

    -$72,694

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $33,804 · program services $33,804

  • 5 · Compensation of officers, directors and key employees

    total $5,637,416 · program services $5,194,342 · management and general $443,074

  • 7 · Other salaries and wages

    total $32,083,596 · program services $28,054,747 · management and general $4,028,849

  • 8 · Pension plan contributions

    total $3,070,447 · program services $2,319,967 · management and general $750,480

  • 9 · Other employee benefits

    total $2,911,509 · program services $2,316,178 · management and general $595,331

  • 10 · Payroll taxes

    total $2,062,157 · program services $1,629,104 · management and general $433,053

  • 11b · Fees: legal

    total $138,121 · management and general $138,121

  • 11c · Fees: accounting

    total $81,627 · management and general $81,627

  • 11f · Fees: investment management

    total $112,933 · management and general $112,933

  • 11g · Fees: other

    total $2,603,759 · program services $741,027 · management and general $1,862,732

  • 12 · Advertising and promotion

    total $83,415 · management and general $83,415

  • 13 · Office expenses

    total $762,267 · program services $509,844 · management and general $252,423

  • 14 · Information technology

    total $89,872 · management and general $89,872

  • 16 · Occupancy

    total $2,400,575 · program services $2,026,325 · management and general $374,250

  • 20 · Interest

    total $33,563 · management and general $33,563

  • 22 · Depreciation, depletion and amortization

    total $215,631 · program services $183,197 · management and general $32,434

  • 23 · Insurance

    total $1,665,907 · program services $1,565,450 · management and general $100,457

  • 24a · Other expenses: ACADEMIC ASSESSMENT

    total $928,773 · program services $928,773

  • 24b · Other expenses: SURGICAL SUPPLIES

    total $684,900 · program services $684,900

  • 24c · Other expenses: RESEARCH EXPENSES

    total $208,066 · program services $208,066

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $610,427 · end of year $214,419

  • 2 · Savings and temporary cash investments

    beginning of year $643,685 · end of year $1,275,423

  • 4 · Accounts receivable

    beginning of year $6,015,639 · end of year $5,928,192

  • 9 · Prepaid expenses and deferred charges

    beginning of year $178,890 · end of year $161,552

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

    $2,481,023

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

    $1,866,906

  • 10c · Land, buildings and equipment, net

    beginning of year $543,145 · end of year $614,117

  • 11 · Investments: publicly traded securities

    beginning of year $31,900,607 · end of year $34,340,900

  • 14 · Intangible assets

    beginning of year $197,929 · end of year $221,361

  • 15 · Other assets

    beginning of year $5,779,801 · end of year $4,648,927

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,810,184 · end of year $5,599,933

  • 23 · Secured mortgages and notes payable

    beginning of year $207,829 · end of year $209,793

  • 25 · Other liabilities

    beginning of year $19,780,090 · end of year $21,266,922

  • 27 · Net assets without donor restrictions

    beginning of year $21,654,007 · end of year $19,807,373

  • 28 · Net assets with donor restrictions

    beginning of year $418,013 · end of year $520,870

Mission and programs · 2023

Mission

UNIVERSITY SURGICAL ASSOCIATES, INC. IS A NONPROFIT CORPORATION FOUNDED TO PROVIDE DIAGNOSIS AND TREATMENT OF DISORDERS FOR PATIENTS OF RHODE ISLAND HOSPITAL AND OTHERS REQUIRING SURGERY, TO CONDUCT RESEARCH IN THE FIELD OF SURGERY, AND TO TEACH PHYSICIANS, MEDICAL STUDENTS AND OTHER HEALTH CARE PERSONNEL IN THE FIELD OF SURGERY.

  • PROVIDES DIAGNOSIS AND TREATMENT OF DISORDERS AND SURGERY FOR PATIENTS AS WELL AS RESEARCH IN SURGERY AND RELATED FIELDS, AND PROVIDES INSTRUCTION IN SURGERY AND RELATED FIELDS.

    Expenses $46,395,724 · Grants $33,804 · Revenue $48,511,568

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Aurora Pryor MD

    PRESIDENT (AS OF 8/24)

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • William Cioffi MD

    PRESIDENT (TO 6/24)

    Total calculated
    $714,516
    From this org
    $617,235
    From related orgs
    $0
    Other
    $97,281
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $602,757
    Bonus
    $0
    Other
    $14,478
    Deferred
    $59,496
    Nontaxable benefits
    $37,785
    Filer's total
    $714,516

  • Stephen Migliori MD

    VICE PRESIDENT/TREASURER

    Total calculated
    $570,756
    From this org
    $501,664
    From related orgs
    $0
    Other
    $69,092
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $494,290
    Bonus
    $0
    Other
    $7,374
    Deferred
    $64,552
    Nontaxable benefits
    $4,540
    Filer's total
    $570,756

  • Jeffrey Slaiby MD

    SECRETARY

    Total calculated
    $609,202
    From this org
    $482,589
    From related orgs
    $0
    Other
    $126,613
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $475,679
    Bonus
    $0
    Other
    $6,910
    Deferred
    $85,496
    Nontaxable benefits
    $41,117
    Filer's total
    $609,202

  • David Harrington MD

    TRUSTEE (TO 10/23)

    Total calculated
    $610,278
    From this org
    $500,114
    From related orgs
    $0
    Other
    $110,164
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $487,640
    Bonus
    $0
    Other
    $12,474
    Deferred
    $66,996
    Nontaxable benefits
    $43,168
    Filer's total
    $610,278

  • Stephanie Lueckel MD

    TRUSTEE

    Total calculated
    $480,000
    From this org
    $387,358
    From related orgs
    $0
    Other
    $92,642
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $341,361
    Bonus
    $0
    Other
    $45,997
    Deferred
    $78,996
    Nontaxable benefits
    $13,646
    Filer's total
    $480,000

  • Francois Luks MD

    TRUSTEE

    Total calculated
    $599,576
    From this org
    $485,202
    From related orgs
    $0
    Other
    $114,374
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $478,074
    Bonus
    $0
    Other
    $7,128
    Deferred
    $82,996
    Nontaxable benefits
    $31,378
    Filer's total
    $599,576

  • Matthew Vrees MD

    TRUSTEE

    Total calculated
    $429,212
    From this org
    $354,527
    From related orgs
    $0
    Other
    $74,685
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $354,527
    Bonus
    $0
    Other
    $0
    Deferred
    $39,996
    Nontaxable benefits
    $34,689
    Filer's total
    $429,212

  • Charu Taneja MD

    TRUSTEE

    Total calculated
    $417,150
    From this org
    $302,724
    From related orgs
    $0
    Other
    $114,426
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $302,724
    Bonus
    $0
    Other
    $0
    Deferred
    $74,791
    Nontaxable benefits
    $39,635
    Filer's total
    $417,150

  • Travis Cotton

    TRUSTEE

    Total calculated
    $468,533
    From this org
    $385,796
    From related orgs
    $0
    Other
    $82,737
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $385,024
    Bonus
    $0
    Other
    $772
    Deferred
    $43,246
    Nontaxable benefits
    $39,491
    Filer's total
    $468,533

  • Rachel Beard

    TRUSTEE

    Total calculated
    $433,005
    From this org
    $376,171
    From related orgs
    $0
    Other
    $56,834
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $375,023
    Bonus
    $0
    Other
    $1,148
    Deferred
    $48,996
    Nontaxable benefits
    $7,838
    Filer's total
    $433,005

  • Matt Uustal

    EXECUTIVE DIRECTOR

    Total calculated
    $401,370
    From this org
    $317,683
    From related orgs
    $0
    Other
    $83,687
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $309,249
    Bonus
    $0
    Other
    $8,434
    Deferred
    $59,188
    Nontaxable benefits
    $24,499
    Filer's total
    $401,370

  • Amy Hickey

    DIRECTOR OF FINANCE

    Total calculated
    $216,484
    From this org
    $145,054
    From related orgs
    $0
    Other
    $71,430
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $145,054
    Bonus
    $0
    Other
    $0
    Deferred
    $37,327
    Nontaxable benefits
    $34,103
    Filer's total
    $216,484

  • Peter Mazzaglia MD

    PHYSICIAN

    Total calculated
    $612,389
    From this org
    $505,787
    From related orgs
    $0
    Other
    $106,602
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $500,480
    Bonus
    $0
    Other
    $5,307
    Deferred
    $85,496
    Nontaxable benefits
    $21,106
    Filer's total
    $612,389

  • Paul Morrissey MD

    PHYSICIAN

    Total calculated
    $507,678
    From this org
    $409,964
    From related orgs
    $0
    Other
    $97,714
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $406,028
    Bonus
    $0
    Other
    $3,936
    Deferred
    $57,871
    Nontaxable benefits
    $39,843
    Filer's total
    $507,678

  • Thomas Miner MD

    PHYSICIAN

    Total calculated
    $549,908
    From this org
    $423,935
    From related orgs
    $0
    Other
    $125,973
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $417,757
    Bonus
    $0
    Other
    $6,178
    Deferred
    $86,496
    Nontaxable benefits
    $39,477
    Filer's total
    $549,908

  • Abbas Abbas MD

    PHYSICIAN

    Total calculated
    $1,098,074
    From this org
    $996,115
    From related orgs
    $0
    Other
    $101,959
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $991,213
    Bonus
    $0
    Other
    $4,902
    Deferred
    $60,500
    Nontaxable benefits
    $41,459
    Filer's total
    $1,098,074

  • Charles Adams MD

    PHYSICIAN

    Total calculated
    $715,751
    From this org
    $580,748
    From related orgs
    $0
    Other
    $135,003
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $555,966
    Bonus
    $0
    Other
    $24,782
    Deferred
    $92,496
    Nontaxable benefits
    $42,507
    Filer's total
    $715,751

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 · Written employment contract
  • 3 · Compensation survey or study

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.

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 corporations and trusts

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

  • NEW ENGLAND MEDICAL BILLING INC

    S · MEDICAL BILLING · RI · 50.85% owned

Provenance

Return type
form_990
Tax year
2023
Filed
25 July 2025
IRS schema version
2023v6.0
Source object
202502099349300040

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