University Physicians & Surge Ons Inc
- Assets
- $136.8m
- Revenue
- $240.5m
- Investments
- $0.0
- Employees
- 1,796
- Location
- Huntington, WV
- Founding
- 06/1976
- Data as of
- 06/2020
- EIN
- 55-0564945
Organization Overview
University Physicians & Surge Ons Inc is located in Huntington, WV. The organization was established in 1976. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 06/2021, University Physicians & Surge Ons Inc employed 1,796 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Physicians & Surge Ons 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 06/2020, University Physicians & Surge Ons Inc generated $240.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $241.3m during the year ending 06/2020. While expenses have increased by 8.6% per year over the past 6 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.
Since 2015, University Physicians & Surge Ons Inc has awarded 54 individual grants totaling $11,580,039. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
UNIVERSITY PHYSICIANS & SURGEONS, INC. IS A NOT-FOR-PROFIT ORGANIZATION INCORPORATED IN THE STATE OF WEST VIRGINIA. THE MEMBERSHIP OF THE ORGANIZATION CONSISTS OF PHYSICIANS WHO ARE FACULTY MEMBERS OF THE MARSHALL UNIVERSITY SCHOOL OF MEDICINE (MUSOM).REVENUES OF THE ORGANIZATION ARE USED FOR THE PUBLIC PURPOSE OF FURTHERING THE GOALS AND OBJECTIVES OF THE MUSOM AND ARE DERIVED PRINCIPALLY FROM BILLINGS FOR MEDICAL SERVICES FURNISHED BY THE ORGANIZATION'S MEMBERSHIP WITHIN THE SCOPE OF THEIR DUTIES AS FACULTY OF THE MUSOM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION SUPPORTED THE FACULTY PHYSICIANS OF THE SCHOOL OF MEDICINE IN THEIR PROVISION OF MEDICAL SERVICES WITH APPROXIMATELY 495,230 PATIENT ENCOUNTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicolas Phan Physician | 60 | $1,172,320 | |
Muhammad Omer Jamil Physician | 60 | $1,020,314 | |
Nadim Bou Zgheib Physician | 60 | $926,313 | |
Ali Oliashirazi Physician | 100 | $892,960 | |
Paul Ferguson Director | Trustee | 60 | $767,992 |
David Denning Physician | 60 | $596,374 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pst Services Inc Patient Accounting Services | 6/29/21 | $3,603,502 |
Allscripts Llc It Services | 6/29/21 | $1,069,982 |
Weatherby Locums Inc Physician Services | 6/29/21 | $656,525 |
Nelson Mullins Riley & Scarborough Llp Legal Services | 6/29/21 | $512,818 |
Ceridian Inc Hr/payroll Services | 6/29/21 | $415,764 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,065,758 |
| Investment income | $1,063,283 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $614,176 |
| Net Gain/Loss on Asset Sales | $1,361,147 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $240,542,935 |
| Statement of Expenses | |
|---|---|
| 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. | $9,828,589 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,993,488 |
| Pension plan accruals and contributions | $5,188,512 |
| Other employee benefits | $7,150,784 |
| Payroll taxes | $7,112,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $633,334 |
| Fees for services: Accounting | $92,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,879,079 |
| Advertising and promotion | $888,628 |
| Office expenses | $6,177,671 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,512,713 |
| Travel | $238,460 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,592,726 |
| Interest | $399,697 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,461,498 |
| Insurance | $4,678,270 |
| All other expenses | $0 |
| Total functional expenses | $241,306,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,822 |
| Savings and temporary cash investments | $15,939,895 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,164,123 |
| Loans from Officers, Directors, or Controlling Persons | $2,623,730 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,064,810 |
| Prepaid expenses and deferred charges | $4,168,529 |
| Investments—publicly traded securities | $52,242,174 |
| Investments—other securities | $0 |
| Investments—program-related | $67,000 |
| Intangible assets | $0 |
| Other assets | $17,145,394 |
| Total assets | $136,768,311 |
| Accounts payable and accrued expenses | $27,288,553 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,045,361 |
| Escrow or custodial account liability | $5,243,580 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,165,920 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,694,500 |
| Total liabilities | $80,437,914 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $56,330,397 |
Grants Awarded
Over the last fiscal year, University Physicians & Surge Ons Inc has awarded $615,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Huntington, WV PURPOSE: COST RECOVERY & STARTUPS | $600,000 |
Huntington, WV PURPOSE: THE FAMILY MEDICINE SCHOLARSHIP | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that University Physicians & Surge Ons Inc has recieved totaling $786,760.
| Awarding Organization | Amount |
|---|---|
Merck Company Foundation Kenilworth, NJ PURPOSE: CONTRIBUTION PROVIDED | $491,760 |
Everest Edwin Foundation Los Angeles, CA PURPOSE: RESEARCH | $230,000 |
The Health Plan Of West Virginia Inc Wheeling, WV PURPOSE: MARSHALL PROJECT HOPE PLAYGROUND | $50,000 |
National Association Of Chain Drug Stores Foundation Arlington, VA PURPOSE: Scholarship Awards | $15,000 |
Endowment Analysis
| Beg. Balance | $15,723,684 |
| Earnings | $2,837,917 |
| Admin Expense | $57,555 |
| Net Contributions | $1,550,046 |
| Other Expense | $3,140,000 |
| Ending Balance | $16,914,092 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Dental Plan Of Virginia Roanoke, VA | $184,676,642 | $753,977,588 |
Wellspan Medical Group York, PA | $140,592,269 | $745,783,571 |
The Health Plan Of West Virginia Inc Wheeling, WV | $406,104,117 | $789,215,656 |
St Lukes Physician Group Inc Allentown, PA | $77,606,071 | $634,645,551 |
Lehigh Valley Physician Group Allentown, PA | $433,846,962 | $621,243,367 |
Mount Carmel Health Plan Inc Columbus, OH | $483,267,404 | $579,951,393 |
Childrens Health Care Associates Inc Philadelphia, PA | $189,904,169 | $296,151,416 |
Johns Hopkins Community Physicians Inc Baltimore, MD | $80,055,420 | $292,035,143 |
University Physicians & Surge Ons Inc Huntington, WV | $136,768,311 | $240,542,935 |
Lancaster General Medical Group East Petersburg, PA | $36,228,576 | $121,615,307 |
Childrens Surgical Associates Ltd Philadelphia, PA | $115,762,399 | $134,726,812 |
St Paul Place Specialists Inc Baltimore, MD | $16,847,824 | $118,131,477 |