Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $2,098,957

• 1f · All other contributions, gifts and grants

  $132,321,113

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $234,802,100 · related or exempt $234,802,100

• 3 · Investment income

  total $1,126,839 · excluded $1,126,839

• 7a · Gross sales of assets other than inventory

  securities $7,000,000

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

  securities $6,941,250

• 7c · Gain or loss

  securities $58,750

• 7d · Net gain or loss

  total $58,750 · excluded $58,750

• 11a · Other revenue: OTHER OPERATING REVENUES

  total $21,579,869 · related or exempt $21,579,869

• 11e · Other revenue, total

  $21,579,869

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $313,512,973 · program services $313,512,973

• 7 · Other salaries and wages

  total $70,850,553 · management and general $70,850,553

• 10 · Payroll taxes

  total $2,001 · management and general $2,001

• 11b · Fees: legal

  total $185,571 · management and general $185,571

• 11c · Fees: accounting

  total $405,585 · management and general $405,585

• 12 · Advertising and promotion

  total $702,462 · management and general $702,462

• 13 · Office expenses

  total $637,496 · management and general $637,496

• 14 · Information technology

  total $2,205,995 · management and general $2,205,995

• 16 · Occupancy

  total $6,465,585 · management and general $6,465,585

• 17 · Travel

  total $200,869 · management and general $200,869

• 20 · Interest

  total $1,964,696 · management and general $1,964,696

• 22 · Depreciation, depletion and amortization

  total $7,976,231 · management and general $7,976,231

• 23 · Insurance

  total $172,766 · management and general $172,766

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $21,735,747 · end of year $12,186,543

• 3 · Pledges and grants receivable

  beginning of year $8,485,896 · end of year $8,461,743

• 4 · Accounts receivable

  beginning of year $17,141,582 · end of year $25,255,959

• 7 · Other notes and loans receivable

  beginning of year $70,088,441 · end of year $88,450,455

• 8 · Inventories for sale or use

  beginning of year $1,130,339 · end of year $1,563,748

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,717,794 · end of year $2,558,759

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

  $127,269,382

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

  $56,488,579

• 10c · Land, buildings and equipment, net

  beginning of year $69,525,956 · end of year $70,780,803

• 11 · Investments: publicly traded securities

  beginning of year $26,054,173 · end of year $25,216,002

• 15 · Other assets

  beginning of year $1,877,081 · end of year $28,753

• 17 · Accounts payable and accrued expenses

  beginning of year $55,319,293 · end of year $86,844,230

• 19 · Deferred revenue

  beginning of year $475,046 · end of year $801,348

• 25 · Other liabilities

  beginning of year $62,825,357 · end of year $57,826,779

• 27 · Net assets without donor restrictions

  beginning of year $100,137,313 · end of year $89,030,408

The filer's explanations (Part III)

FORM 990, SCHEDULE J, LINE 3

THE UNIVERSITY MEDICAL SERVICE ASSOCIATION, INC. DOES NOT HAVE ANY EMPLOYEES AND DOES NOT COMPENSATE ANY EMPLOYEES, OFFICERS, OR BOARD MEMBERS. EMPLOYEES AND OFFICERS ARE COMPENSATED THROUGH A RELATED TAX-EXEMPT ORGANIZATION, THE UNIVERSITY OF SOUTH FLORIDA (USF) (FEIN: 59-3102112). AS SUCH, THEY ARE SUBJECT TO COMPENSATION, CLASSIFICATION, AND ALL PERSONNEL POLICIES OF USF. COMPENSATION IS DETERMINED BASED ON EMPLOYEE PERFORMANCE HISTORY AND INDUSTRY STANDARDS FOR SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS.