Civic Intelligence

Piedmont Liability Trust

990 • Fiscal year 2016 • EIN 54-6280083

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 05, 2016

Organization ProfileN/A

View Organization Page

1020 Ednam Center No 100Charlottesville, VA 22903

(434) 296-2100

Siviq Scores

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

Liabilities / Assets

90th percentile

0.94x

Higher debt load relative to assets than 90% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

14.20x

Higher debt load relative to revenue than 98% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Net Margin

3rd percentile

-108%

Higher net margin than 3% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

73rd percentile

$541,160

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 12.8% of source-year revenue.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Asset Growth

19th percentile

-4.1%

Faster asset growth than 19% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

5th percentile

-50%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$63,940,779

Down $2,754,424 (-4.1%) from 2015

Net Assets

Down

$3,942,292

Down $3,691,460 (-48%) from 2015

Liabilities

Up

$59,998,487

Up $937,036 (+1.6%) from 2015

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin3rd percentile

Revenue

Down

$4,225,214

Down $4,251,629 (-50%) from 2015

Expenses

Up

$8,783,933

Up $219,113 (+2.6%) from 2015

Net Income

Down

-$4,558,719

Down $4,470,742 (-5082%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$150M$100M$50M$0Assets 2011: $60,740,434Liabilities 2011: $51,393,146Net Assets 2011: $9,347,2882011Assets 2012: $59,474,746Liabilities 2012: $51,202,022Net Assets 2012: $8,272,7242012Assets 2013: $61,357,191Liabilities 2013: $52,514,392Net Assets 2013: $8,842,7992013Assets 2014: $66,618,417Liabilities 2014: $57,042,971Net Assets 2014: $9,575,4462014Assets 2015: $66,695,203Liabilities 2015: $59,061,451Net Assets 2015: $7,633,7522015Assets 2016: $63,940,779Liabilities 2016: $59,998,487Net Assets 2016: $3,942,2922016Assets 2017: $67,059,341Liabilities 2017: $65,165,918Net Assets 2017: $1,893,4232017Assets 2018: $68,376,241Liabilities 2018: $66,151,464Net Assets 2018: $2,224,7772018Assets 2019: $72,086,173Liabilities 2019: $71,605,407Net Assets 2019: $480,7662019Assets 2020: $73,442,059Liabilities 2020: $71,920,980Net Assets 2020: $1,521,0792020Assets 2021: $84,612,147Liabilities 2021: $76,402,021Net Assets 2021: $8,210,1262021Assets 2022: $77,604,181Liabilities 2022: $77,133,183Net Assets 2022: $470,9982022Assets 2023: $84,995,109Liabilities 2023: $74,547,573Net Assets 2023: $10,447,5362023Assets 2024: $97,858,593Liabilities 2024: $73,504,467Net Assets 2024: $24,354,1262024Assets 2025: $107,835,895Liabilities 2025: $72,895,895Net Assets 2025: $34,940,0002025

Highlighted filing

2016

Assets$63,940,779
Liabilities$59,998,487
Net Assets$3,942,292
Open 2016 Filing

Operations Trend

Revenue Growth5th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $5,291,9492011Expenses 2012: $7,832,8012012Expenses 2013: $6,503,9152013Revenue 2014: $6,917,486Expenses 2014: $8,804,771Net Income 2014: -$1,887,2852014Revenue 2015: $8,476,843Expenses 2015: $8,564,820Net Income 2015: -$87,9772015Revenue 2016: $4,225,214Expenses 2016: $8,783,933Net Income 2016: -$4,558,7192016Revenue 2017: $8,924,478Expenses 2017: $9,934,003Net Income 2017: -$1,009,5252017Revenue 2018: $7,475,530Expenses 2018: $7,791,455Net Income 2018: -$315,9252018Revenue 2019: $7,442,836Expenses 2019: $10,504,691Net Income 2019: -$3,061,8552019Revenue 2020: $8,213,885Expenses 2020: $7,172,580Net Income 2020: $1,041,3052020Revenue 2021: $9,240,734Expenses 2021: $10,140,328Net Income 2021: -$899,5942021Revenue 2022: $9,580,879Expenses 2022: $7,076,241Net Income 2022: $2,504,6382022Revenue 2023: $9,937,300Expenses 2023: $2,688,002Net Income 2023: $7,249,2982023Revenue 2024: $11,639,538Expenses 2024: $4,330,011Net Income 2024: $7,309,5272024Revenue 2025: $11,071,703Expenses 2025: $6,009,799Net Income 2025: $5,061,9042025

Highlighted filing

2016

Revenue$4,225,214
Expenses$8,783,933
Net Income-$4,558,719
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 5, 2016
Return Version
2015v2.1
Gross Receipts
$39,478,975
Mission and Program Overview

Mission

The organization was formed to accumulate and hold funds for use in satisfying medical professional liability claims against the university of virginia physicians' group and covered clinicians of university of virginia health, uva community health medical group, llc, and community medicine university of virginia, llc.

The organization was formed to accumulate and hold funds for use in satisfying medical professional liability claims against the university of virginia physicians' group and its employed clinicians.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$64,464,269$61,177,175▼ $3,287,094
Savings and Temporary Cash Investments$1,384,397$1,960,326▲ $575,929
Land, Buildings, and Equipment, Net$528,291$497,670▼ $30,621
Prepaid Expenses and Deferred Charges$83,241$88,665▲ $5,424
Cash and Non-Interest-Bearing Accounts$2,567$1,700▼ $867
Total Assets$66,695,203$63,940,779▼ $2,754,424
Other Assets Total$232,438$215,243▼ $17,195
Liabilities
Other Liabilities$58,993,034$59,970,434▲ $977,400
Accounts Payable and Accrued Expenses$68,417$28,053▼ $40,364
Total Liabilities$59,061,451$59,998,487▲ $937,036
Net Assets / Fund Balance
Unrestricted Net Assets$7,633,752$3,942,292▼ $3,691,460
Total Net Assets Fund Balance$7,633,752$3,942,292▼ $3,691,460
Total Liabilities and Net Assets / Fund Balance$66,695,203$63,940,779▼ $2,754,424

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$192,094$789,123$981,217
Equipment$45,390$258,859$304,249
Land$260,186-$260,186
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rebecca W West Jd EsqCEOFT$431,550$109,610$541,160
William H Archambault JdSecretaryFT$299,592$159,463$459,055
Ow Smith JrPast Vice TreasurerFT$166,750$80,007$246,757
Bruce D GehleIn-house AttorneyFT$172,500$45,525$218,025
James R CarnesVice TreasurerFT$31,603-$31,603

Board Members and Trustees

NameTitle
Randolph J Canterbury MdChairman
R C Scott Iii JdVice-chairman
B Chhabra MdDirector
Be HawsDirector
CA Ghaemmaghami MdDirector
George F Wooten MdDirector
Irving L Kron MdDirector
Kenneth E Greer MdDirector
Mark E Shaffrey MdDirector
Ms Wheby MdDirector
P a Levine MdDirector
R P BorenDirector
R S Gibson MdDirector
Robert L Chevalier MdDirector
Scott a Syverud MdDirector
R F Morgan MdTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,560,341
Investment Income
$-357,211
Other Revenue
$22,084
Change in Net Assets
$-4,558,719

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,241,388
Revenue Not Reported on Financial Statements
$-16,174
Revenue Not Reported on Form 990
$867,259
Other Revenue Adjustments
$-16,174
Total Revenue per Audited Statements
$5,108,647
Total Revenue per Form 990
$4,225,214
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,388,441
Salaries, Compensation, and Employee Benefits$1,395,492
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$673,421$571,454-$1,244,875
Fees for Service Investment Mgmnt Fees-$103,567-$103,567
Depreciation Depletion-$53,772-$53,772
Payroll Taxes$37,022$14,768-$51,790
Insurance$9,072$42,084-$51,156
Other Salaries and Wages$45,867--$45,867
Other Expenses$30,710--$30,710
Other Employee Benefits$30,360$35-$30,395
Fees for Services Accounting-$27,750-$27,750
Fees for Services Other$26,219--$26,219
Office Expenses$25,178--$25,178
Pension Plan Contributions$22,565--$22,565
Conferences and Meetings$2,685$18,121-$20,806
Travel$5,441$5,441-$10,882
Occupancy$5,938--$5,938
All Other Expenses$4,414--$4,414
Advertising$56--$56
Total Functional Expenses$7,946,941$836,992$0$8,783,933

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,800,107
Expenses per Audited Statements$8,783,933
Total Expenses per Form 990$8,783,933
Expenses Not Reported on Form 990$16,174
Expenses Not Reported on Financial Statements$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Reserve for Losses and Loss Adjustment Expenses$59,970,434
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Prior to its filing, the organization's 990 is reviewed by management.”

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

“The compensation of the organization's executive director is determined by the board of directors on an annual basis.”

Form 990, Part VI, Section C, Line 19

“The organization's documents are available for review upon request.”

Filing and Contact Details

Filer

Filer Name
Piedmont Liability Trust
EIN
54-6280083
Phone
4342962100
Address
1020 EDNAM CENTER NO 100, CHARLOTTESVILLE, VA 22903

Signing Officer

Name
Rebecca W West Esq
Title
CEO/trustee
Phone
4342962100
Signed
2016-10-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rebecca W West Esq
Formed
1989
Legal Domicile
Va
Voting Board Members
16
Independent Board Members
16
Employees
14
Volunteers
0

Preparer

Firm
Dixon Hughes Goodman Llp
Address
901 EAST CARY STREET SUITE 1000, RICHMOND, VA 23219
Preparer
Lori K Cochran
Phone
8042827636
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The executive committee assumes responsibility for oversight of the audit. Auditors report audit results and findings to excecutive committee each year. Selection of an independent accountant is made by the executive committee each year at one of the scheduled meetings.”

Financial Statement Notes

PART X, LINE 2:

“The trust is exempt from federal and state income taxes under internal revenue code, section 501(c)(3) and the tax statutes of the commonwealth of virginia. Accordingly, no provision for income taxes has been made in the accompanying financial statements. The trust has determined that there are no material unrecognized tax benefits or obligations as of june 30, 2016 and 2015. Fiscal years ending on or after june 30, 2013 remain subject to examination by federal and state tax authorities.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“RENTAL EXPENSES -16,174.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSES 16,174.”

Raw XML AppendixShowing 400 of 645 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt17SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt19PAST VICE TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt20IN-HOUSE ATTORNEY
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01989
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
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IRS990/GainOrLossGrp/SecuritiesAmt0-2052314
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt033183823
IRS990/GrossReceiptsAmt039478975
IRS990/GrossRentsGrp/RealAmt037740
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/ManagementAndGeneralAmt042084
IRS990/InsuranceGrp/ProgramServicesAmt09072
IRS990/InsuranceGrp/TotalAmt051156
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01696553
IRS990/InvestmentInJointVentureInd00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt061177175
IRS990/IRPDocumentCnt030
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt0528291
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0497670
IRS990/LandBldgEquipCostOrOtherBssAmt01545652
IRS990/LegalDomicileStateCd0VA
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt035236137
IRS990/LessRentalExpensesGrp/RealAmt016174
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION WAS FORMED TO ACCUMULATE AND HOLD FUNDS FOR USE IN SATISFYING MEDICAL PROFESSIONAL LIABILITY CLAIMS AGAINST THE UNIVERSITY OF VIRGINIA PHYSICIANS' GROUP AND ITS EMPLOYED CLINICIANS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07633752
IRS990/NetAssetsOrFundBalancesEOYAmt03942292
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-2053764
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-2053764
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt021566
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt021566
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0867259
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt05938
IRS990/OccupancyGrp/TotalAmt05938
IRS990/OfficeExpensesGrp/ProgramServicesAmt025178
IRS990/OfficeExpensesGrp/TotalAmt025178
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0232438
IRS990/OtherAssetsTotalGrp/EOYAmt0215243
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt035
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt030360
IRS990/OtherEmployeeBenefitsGrp/TotalAmt030395
IRS990/OtherExpensesGrp/Desc0LOSS & LOSS ADJUSTMENTS
IRS990/OtherExpensesGrp/Desc1EXCESS INSURANCE FEES
IRS990/OtherExpensesGrp/Desc2MAINTENANCE
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/ProgramServicesAmt198200
IRS990/OtherExpensesGrp/ProgramServicesAmt253490
IRS990/OtherExpensesGrp/ProgramServicesAmt330710
IRS990/OtherExpensesGrp/TotalAmt06876303
IRS990/OtherExpensesGrp/TotalAmt198200
IRS990/OtherExpensesGrp/TotalAmt253490
IRS990/OtherExpensesGrp/TotalAmt330710
IRS990/OtherLiabilitiesGrp/BOYAmt058993034
IRS990/OtherLiabilitiesGrp/EOYAmt059970434
IRS990/OtherRevenueMiscGrp/BusinessCd0525920
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0518
IRS990/OtherRevenueTotalAmt0518
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IRS990/OtherSalariesAndWagesGrp/TotalAmt045867
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014768
IRS990/PayrollTaxesGrp/ProgramServicesAmt037022
IRS990/PayrollTaxesGrp/TotalAmt051790
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt022565
IRS990/PensionPlanContributionsGrp/TotalAmt022565
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt083241
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt088665
IRS990/PrincipalOfficerNm0REBECCA W WEST ESQ
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc0PREMIUM ASSESSMENTS
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IRS990/PYOtherRevenueAmt024088
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IRS990/PYSalariesCompEmpBnftPaidAmt01372900
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08476843
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04560859
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01384397
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01960326
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0UNIVERSITY OF VIRGINIA PHYSICIANS' GROUP'S PRESIDENT AND CEO SERVE ON THE BOARD OF THE ORGANIZATION AND THE PHYSICIAN DIRECTORS ARE ALL EMPLOYEES OF UNIVERSITY OF VIRGINIA PHYSICIANS' GROUP. THE ORGANIZATION'S BOARD OF DIRECTORS ADOPTS THE INVESTMENT POLICY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION WAS FORMED TO ACCUMULATE AND HOLD FUNDS FOR USE IN SATISFYING MEDICAL PROFESSIONAL LIABILITY CLAIMS AGAINST THE UNIVERSITY OF VIRGINIA PHYSICIANS' GROUP AND ITS EMPLOYED CLINICIANS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2IF IT WEREN'T FOR THE ORGANIZAITON ACCUMULATING AND HOLDING FUNDS FOR USE IN SATISFYING MEDICAL PROFESSIONAL LIABILITY CLAIMS AGAINST THE UNIVERSITY OF VIRGINIA PHYSICIANS' GROUP AND ITS EMPLOYED CLINICIANS, UNIVERSITY OF VIRGINIA PHYSICIANS' GROUP WOULD STILL NEED TO PROVIDE MEDICAL PROFESSIONAL LIABILITY INSURANCE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 3:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2A:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, LINE 2B:
IRS990ScheduleA/OtherSupportSumAmt00

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$63,940,779
Liabilities
$59,998,487
Net assets
$3,942,292
Revenue
$4,225,214
Expenses
$8,783,933
Net income
-$4,558,719
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$108$72.9$34.9$11.1$6.01$5.06
2024Detailed filing. Detailed filing data is available for this year.$97.9$73.5$24.4$11.6$4.33$7.31
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.0$74.5$10.4$9.94$2.69$7.25
2022Detailed filing. Detailed filing data is available for this year.$77.6$77.1$0.47$9.58$7.08$2.50
2021Detailed filing. Detailed filing data is available for this year.$84.6$76.4$8.21$9.24$10.1$0.90
2020Detailed filing. Detailed filing data is available for this year.$73.4$71.9$1.52$8.21$7.17$1.04
2019Detailed filing. Detailed filing data is available for this year.$72.1$71.6$0.48$7.44$10.5$3.06
2018Detailed filing. Detailed filing data is available for this year.$68.4$66.2$2.22$7.48$7.79$0.32
2017Detailed filing. Detailed filing data is available for this year.$67.1$65.2$1.89$8.92$9.93$1.01
2016Detailed filing. Detailed filing data is available for this year.$63.9$60.0$3.94$4.23$8.78$4.56
2015Detailed filing. Detailed filing data is available for this year.$66.7$59.1$7.63$8.48$8.56$0.09
2014Detailed filing. Detailed filing data is available for this year.$66.6$57.0$9.58$6.92$8.80$1.89
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.4$52.5$8.84$6.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.5$51.2$8.27$7.83
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.7$51.4$9.35$5.29