University Medical Service Association Inc

Overview

Mission

University medical service association, inc., supports the university of south Florida's college of medicine in research and education.

What it reported doing in 2024

During its fiscal year ended june 30, 2025, 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 clinical departments for support of their faculty and clinical support staff.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

Nonprofit profile at a glance

EIN
237313346
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Headquarters
Tampa, FL, USA
Phone
8139742120
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Education N.E.C.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 68
  • Accountability: 37
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80%; rating input score 80
  • Program expense ratio: 79.8%; rating input score 80
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 8.3%; rating input score 8; 8th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 0.5; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: 0.64; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 0.2%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 6.7% per year; rating input score 100; 55th percentile among comparable filings
  • Revenue growth: 6.4% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 8.2% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 80% of revenue deployed · 79.8% of spending went to programs
  • Governance: 1 of 12 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $394.2M in reported program spending
  • Leadership: top reported pay $1.4M · 17 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $6.3M reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 7 filed schedules · includes grants and executive pay
  • Filing history: 16 annual filings from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 7 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

17 people listed

Highest reported compensation

  • CHARLES LOCKWOOD MD (BOARD CHAIR): $1,352,379 total reported compensation
  • HARRY VAN LOVEREN MD (VICE-CHAIR): $1,311,336 total reported compensation
  • STEPHEN LIGGETT (DIRECTOR (UNTIL 10/2024)): $921,516 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.