University Medical Service Association Inc
- Assets
- $237.7m
- Revenue
- $370.0m
- Investments
- $0.0
- Employees
- 1,434
- Location
- Tampa, FL
- Founding
- 01/1975
- Data as of
- 06/2022
- EIN
- 23-7313346
Organization Overview
University Medical Service Association Inc is located in Tampa, FL. The organization was established in 1975. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, University Medical Service Association Inc employed 1,434 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Medical Service Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, University Medical Service Association Inc generated $370.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $338.0m during the year ending 06/2022. While expenses have increased by 3.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE UNIVERSITY OF SOUTH FLORIDA'S COLLEGE OF MEDICINE IN RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING ITS FISCAL YEAR ENDED JUNE 30, 2021, UMSA CONTINUED ITS SUPPORT OF THE USF COLLEGE OF MEDICINE BY PROVIDING FUNDS TO SUPPORT MEDICAL EDUCATION AND RESEARCH. DISBURSEMENTS WERE MADE ON BEHALF OF THE COLLEGE OF MEDICINE'S 17 CLINICAL DEPARTMENTS FOR SUPPORT OF APPROXIMATELY 497 FACULTY AND 612 CLINICAL SUPPORT STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Dubault Coo, Assoc Executive Dir | Officer | 40 | $252,601 |
Daniel Gregg Assoc Executive Dir., Chief Access Officer | Officer | 40 | $241,480 |
Alisha Ozmeral Cfo, Assoc Executive Dir | Officer | 40 | $225,448 |
Mark Moseley MD Chief Clinical Officer, Us | Officer | 10 | $0 |
Nishit S Patel MD Chief Medical Information | Officer | 10 | $0 |
Terri Ashmeade MD Chief Quality Officer | Officer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ecg Management Consulting Services | 6/29/22 | $1,108,750 |
Florida Orthopaedic Professional Medical Services | 6/29/22 | $765,039 |
Radiology Associates Professional Medical Services | 6/29/22 | $876,116 |
Warren Averett Llc Audit & Tax Services | 6/29/22 | $272,200 |
Pinnacle Health Group Recruitment Services | 6/29/22 | $866,275 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $16,779,963 |
| Government grants | $100,023,556 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,803,519 |
| Total Program Service Revenue | $230,587,323 |
| Investment income | $829,635 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,487,222 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $369,975,909 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $231,297,577 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,329,898 |
| Pension plan accruals and contributions | $1,161,934 |
| Other employee benefits | $4,639,143 |
| Payroll taxes | $2,099,668 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $353,247 |
| Fees for services: Accounting | $480,733 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $715,511 |
| Office expenses | $852,638 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,083,402 |
| Travel | $146,610 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,295,024 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,136,287 |
| Insurance | $363,310 |
| All other expenses | $4,038,237 |
| Total functional expenses | $337,993,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,197,700 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,444,339 |
| Accounts receivable, net | $13,180,707 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $96,574,892 |
| Inventories for sale or use | $1,175,183 |
| Prepaid expenses and deferred charges | $3,526,007 |
| Net Land, buildings, and equipment | $63,750,591 |
| Investments—publicly traded securities | $23,759,325 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,063,640 |
| Total assets | $237,672,384 |
| Accounts payable and accrued expenses | $66,580,039 |
| Grants payable | $0 |
| Deferred revenue | $3,730,849 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $67,255,707 |
| Total liabilities | $137,566,595 |
| Net assets without donor restrictions | $100,105,789 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $237,672,384 |
Grants Awarded
Over the last fiscal year, University Medical Service Association Inc has awarded $209,174,289 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
USF COLLEGE OF MEDICINE PURPOSE: SALARIES & OP. EXP'S | $177,779,888 |
Tampa, FL PURPOSE: SALARIES & OP. EXP'S | $31,394,401 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Medical Service Association Inc has recieved totaling $81,882.
| Awarding Organization | Amount |
|---|---|
Healthy Start Coalition Of Hillsborough County Inc Tampa, FL PURPOSE: TO EDUCATE, PROMOTE POSITIVE BIRTH OUTCOMES, AND PROTECT THE HEALTH AND WELL-BEING OF ALL MOTHERS AND CHILDREN IN HILLSBOROUGH COUNTY | $81,882 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Medical Service Association Inc Tampa, FL | $237,672,384 | $369,975,909 |
Fair Fight Action Inc Atlanta, GA | $4,976,834 | $29,928,008 |
Plato Academy Schools Corporation Clearwater, FL | $134,350,424 | $31,890,679 |
Early Learning Coalition Of Northwest Florida Inc Marianna, FL | $3,346,474 | $28,789,946 |
Early Learning Coalition Of Osceola County Inc Kissimmee, FL | $3,012,946 | $27,905,401 |
Faculty Associates Incorporated Gainesville, FL | $18,354,841 | $24,140,038 |
Landmark Christian School Fairburn, GA | $28,586,929 | $25,037,540 |
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
Galileo School Foundation Inc Sanford, FL | $34,481,901 | $12,247,750 |
Tree Of Knowledge Learning Academy Inc Miami Beach, FL | $8,101,415 | $14,538,092 |
Bridge Prep Academy Of Tampa Inc Miami, FL | $4,019,388 | $14,708,273 |
Alabama Nursing Home Association Education Foundation Montgomery, AL | $40,408,149 | $40,141,575 |