Civic Intelligence

University Medical Group Inc

990 • Fiscal year 2016 • EIN 06-1482503

Sep 01, 2015 to Aug 31, 2016 • Filed on Jul 15, 2017

825 Chalkstone AveProvidence, RI 02908

(401) 456-2339

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

100th percentile

9.59x

Higher debt load relative to assets than 100% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

83rd percentile

1.28x

Higher debt load relative to revenue than 83% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

12th percentile

-23%

Higher net margin than 12% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

98th percentile

$1,006,602

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 15.8% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

2nd percentile

-32%

Faster asset growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

29th percentile

-5.2%

Faster revenue growth than 29% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$846,710

Down $396,854 (-32%) from 2015

Net Assets

Down

-$7,269,636

Down $1,475,440 (-25%) from 2015

Liabilities

Up

$8,116,346

Up $1,078,586 (+15%) from 2015

Revenue

Down

$6,351,203

Down $347,555 (-5.2%) from 2015

Expenses

Down

$7,826,643

Down $1,773,853 (-18%) from 2015

Net Income

Up

-$1,475,440

Up $1,426,298 (+49%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0M-$10MAssets 2011: $2,477,818Liabilities 2011: $2,817,688Net Assets 2011: -$339,8702011Assets 2012: $3,798,032Liabilities 2012: $4,925,797Net Assets 2012: -$1,127,7652012Assets 2013: $2,798,727Liabilities 2013: $5,122,355Net Assets 2013: -$2,323,6282013Assets 2014: $1,840,342Liabilities 2014: $4,730,950Net Assets 2014: -$2,890,6082014Assets 2015: $1,243,564Liabilities 2015: $7,037,760Net Assets 2015: -$5,794,1962015Assets 2016: $846,710Liabilities 2016: $8,116,346Net Assets 2016: -$7,269,6362016Assets 2017: $506,788Liabilities 2017: $8,208,802Net Assets 2017: -$7,702,0142017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2016

Assets$846,710
Liabilities$8,116,346
Net Assets-$7,269,636

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2011: $20,509,019Expenses 2011: $20,120,141Net Income 2011: $388,8782011Expenses 2012: $21,244,0852012Revenue 2013: $17,340,880Expenses 2013: $18,536,743Net Income 2013: -$1,195,8632013Revenue 2014: $12,400,589Expenses 2014: $13,791,003Net Income 2014: -$1,390,4142014Revenue 2015: $6,698,758Expenses 2015: $9,600,496Net Income 2015: -$2,901,7382015Revenue 2016: $6,351,203Expenses 2016: $7,826,643Net Income 2016: -$1,475,4402016Revenue 2017: $5,481,690Expenses 2017: $5,914,068Net Income 2017: -$432,3782017Revenue 2018: $7,840,686Expenses 2018: $137,310Net Income 2018: $7,703,3762018

Highlighted filing

2016

Revenue$6,351,203
Expenses$7,826,643
Net Income-$1,475,440
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jul 15, 2017
Return Version
2015v3.0
Gross Receipts
$6,351,203
Mission and Program Overview

Mission

To provide medical services; participate in research to alleviate human suffering; coordinate clinical programs and provide teaching services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$500,221$224,313▼ $275,908
Pledges and Grants Receivable$92,939$179,533▲ $86,594
Prepaid Expenses and Deferred Charges$124,502$124,502→ $0
Cash and Non-Interest-Bearing Accounts$-29,226$56,272▲ $85,498
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,243,564$846,710▼ $396,854
Other Assets Total$555,128$262,090▼ $293,038
Liabilities
Accounts Payable and Accrued Expenses$5,769,443$7,321,394▲ $1,551,951
Other Liabilities$739,078$446,041▼ $293,037
Mortgage Notes Payable Secured by Investment Property$529,239$348,911▼ $180,328
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$7,037,760$8,116,346▲ $1,078,586
Net Assets / Fund Balance
Temporarily Rstr Net Assets$7,986$7,986→ $0
Permanently Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-5,802,182$-7,277,622▼ $1,475,440
Total Net Assets Fund Balance$-5,794,196$-7,269,636▼ $1,475,440
Total Liabilities and Net Assets / Fund Balance$1,243,564$846,710▼ $396,854

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$121,227$1,523,935$1,645,162
Equipment$60,887$947,783$1,008,670
Leasehold Improvements$42,199$50,199$92,398
Other Assets Org$253,985--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alan EpsteinPhysicianFT$568,016$438,586$1,006,602
Amer Malik MDPresidentFT$589,223$341,872$931,095
Richa TandonPhysicianFT$729,921$3,450$733,371
Gail SkowronPhysicianFT$276,153$163,279$439,432
Nabil Toubia MDTreasurerFT$226,569$191,166$417,735
Bernard ZimmermanPhysicianFT$236,471$111,330$347,801
Rabih El-BizriPhysicianFT$234,764$62,675$297,439

Board Members and Trustees

NameTitle
Steven Sepe MDChair of Medicine
Vincent Armenio MDChairman of Medicine
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,641,381
Investment Income
$0
Other Revenue
$-290,178
Change in Net Assets
$-1,475,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,007,405
Other Expenses$819,238
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,759,881$65,592-$4,825,473
Current Officers, Directors, Trustees, and Key Employees$1,261,341$85,243-$1,346,584
Other Employee Benefits$448,063$28,566-$476,629
Payroll Taxes$353,499$5,220-$358,719
Depreciation Depletion$275,908--$275,908
Information Technology$80,676$6,370-$87,046
Occupancy$81,915--$81,915
Fees for Services Other$80,002$1,901-$81,903
Other Expenses$50,555$35,312-$50,555
Insurance$35,247$7,653-$42,900
Fees for Services Legal$6,748$33,849-$40,597
Interest-$16,126-$16,126
Office Expenses$2,347$187-$2,534
Fees for Services Management-$1,881-$1,881
Advertising$-17,738--$-17,738
Total Functional Expenses$7,538,143$288,500$0$7,826,643
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Matthew RoyVp, Physician & Bd CchpUmg Receives Income Numg for LNo$2,750,000
KIMBERLY O'CONNELLPresident of Roger WilliaUmg Receives Income Form the H-$2,551,032

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Malpractice Insurance Payable$446,041
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6:

The University Medical Group is a not-for-profit corporation with members. There are two classes of members, Class A members employed by the corporation on a full-time basis and Class B members who are employed by the corporation on a part-time basis. At all members' meetings at which a quorum is present, all matters (except as provided) shall be decided by the vote of the majority, in person or represented by proxy.

Form 990, Part VI, Section A, Line 7A:

The University Medical Group is a not-for-profit corporation with members. There are two classes of members, Class A members employed by the corporation on a full-time basis and Class B members who are employed by the corporation on a part-time basis. At all members' meetings at which a quorum is present, all matters (except as provided) shall be decided by the vote of the majority, in person or represented by proxy.

Form 990, Part VI, Section A, Line 7B:

At all members' meetings at which a quorum is present, all matters (except as provided) shall be decided by the vote of the majority. In person or represented by proxy.

Form 990, Part VI, Section B, Line 11:

The Form 990 is distributed to the board of directors and discussed at their meeting date closest to the filing of the Form 990. UMG has hired an independent CPA firm to assist in the preparation of the 990 and management reviews the 990 before presenting to the board.

Form 990, Part VI, Section B, Line 12C:

All directors and officers are required to complete a conflict of interest questionnaire annually. The responses are reviewed and the CEO maintains the signed questionnaires.

Form 990, Part VI, Section B, Line 15:

UMG has an independent compensation committee which reviewss compensation packages by several different means (surveys, Form 990s, etc.)

Form 990, Part VI, Section C, Line 19:

Governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
University Medical Group Inc
EIN
06-1482503
In Care Of
% DR AMER MALIK
Phone
4014562339
Address
825 Chalkstone Ave, Providence, RI 02908

Signing Officer

Name
Dr Amer Malik
Title
President
Phone
4014562339
Signed
2017-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Amer Malik
Formed
1997
Legal Domicile
Ri
Voting Board Members
4
Independent Board Members
0
Employees
28
Volunteers
0

Preparer

Firm
Bdo USA Llp
Address
TWO INTERNATIONAL PLACE, BOSTON, MA 02110
Preparer
Jeffrey Rogers
Phone
6174220700
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount22433

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $5M-$10M nonprofits