University Medical Center Management Corporation

Nonprofit profile at a glance

EIN
251925187
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-N 2010
Location
New Orleans, LA, USA
Phone
5047024380
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution
Affiliation
Christianity

Official website

Reported finances

Revenue
$792,867,500
Expenses
$864,472,758
Assets
$502,544,650
Liabilities
$879,994,308

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

29 people listed

Executive titles in this filing

  • PATRICK GREIFFENSTEIN (MED STAFF PRESIDENT)
  • JOHN NICKENS (CEO)
  • EMILY SEDGWICK (FORMER CEO)

Highest reported compensation

  • GREGORY C FEIRN (BOARD MEMBER): $3,735,208 total reported compensation
  • JOHN NICKENS (CEO): $2,529,529 total reported compensation
  • WILLIAM KILLINGER (CHIEF MEDICAL OFFICER): $702,510 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

University medical center will provide exceptional patient-centered care and a world-class academic experience through advanced research, leading technology and innovation.

What it reported doing in 2024

Community health services and community benefit operations provide free health education programs and screenings to the community. These programs are designed to focus on some of the most prevalent diseases in the new orleans community, such as diabetes, heart disease and cancer. These programs address prevention, early detection, treatment and maintaining healthy lifestyles. In 2024, university medical center participated in and offered numerous outreach activities, including free breast health lectures, free oncology lectures, a free skin cancer screening, and a free vascular disease screening. Through the level 1 trauma center's injury prevention program, university medical center provided educational and prevention programs including sudden impact, which educates high school students on the (cont'd on sch. O) consequences of distracted and impaired driving; stop the bleed, which provides hemorrhage control training to law enforcement personnel, organizations, and community members; and child safety seat checks and car seat distribution events. Additionally, university medical center is partnered with walgreens and avita drugs to dispense medications under the 340(b) pricing program to ensure patients have access to necessary pharmaceuticals that may otherwise not be available to them.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 87
  • Accountability: 89
  • Sustainability: 22
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.7%; rating input score 92
  • Program expense ratio: 84.1%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.7%; rating input score 100; 43rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 81.2%; rating input score 81; 29th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -9%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0.58; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 1.75; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 0.2%; rating input score 90; 90th percentile among comparable filings

Growth

  • Program expense growth: 13.1% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 11.4% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 6% per year; rating input score 100; 44th percentile among comparable filings

Details

  • Where the money goes: 91.7% of revenue deployed · 84.1% of spending went to programs
  • Governance: 13 of 16 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $727.4M in reported program spending
  • Leadership: top reported pay $3.7M · 29 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $174.8M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 11 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 17 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 9/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.