University Surgical Associates Inc

Nonprofit profile at a glance

EIN
050389803
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Providence, RI, USA
Phone
4014539623
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$54,813,653
Expenses
$63,094,266
Assets
$46,921,151
Liabilities
$35,638,725

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

Leadership & pay

17 people listed

Executive titles in this filing

  • AURORA PRYOR MD (PRESIDENT)
  • STEPHEN MIGLIORI MD (VICE PRESIDENT/TREASURER (AS OF 8/25))
  • TRAVIS COTTON MD (VICE PRESIDENT/TREASURER (TO 8/25))
  • MATTI UUSTAL (EXECUTIVE DIRECTOR (TO 10/24))

Highest reported compensation

  • ABBAS ABBAS MD (PHYSICIAN): $1,046,836 total reported compensation
  • CHARLES ADAMS MD (PHYSICIAN): $647,652 total reported compensation
  • DAVID HARRINGTON MD (PHYSICIAN): $582,118 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 surgical associates, inc. Is a nonprofit corporation founded to provide diagnosis and treatment of disorders for patients of Rhode Island hospital and others requiring surgery, to conduct research in the field of surgery, and to teach physicians, medical students and other health care personnel in the field of surgery.

What it reported doing in 2024

Provides diagnosis and treatment of disorders and surgery for patients as well as research in surgery and related fields, and provides instruction in surgery and related fields.

Operating model

Revenue model
Earned-program. 97% 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

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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 76
  • Accountability: 42
  • Sustainability: 13
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 83.9%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 97.2%; rating input score 97; 31st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 4th 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: -15.1%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 0.74; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 0.76; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 13.2%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 5.4% per year; rating input score 100; 44th percentile among comparable filings
  • Revenue growth: 3.3% per year; rating input score 100; 25th percentile among comparable filings
  • Asset growth: 5.5% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 83.9% of spending went to programs
  • Governance: 0 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $52.9M in reported program spending
  • Leadership: top reported pay $1M · 17 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $399K reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 18 filed money-flow records
  • Related organizations: 12 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 — Accountability: Independent voting board scored 0/100.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.