University of Virginia Physicians Group
PATIENT CARE, TEACHING AND MEDICAL RESEARCH
IRS Tax Year 2022
Period ending June 30, 2023
Total Revenue
$649.7M
Total Expenses
$654.8M
Net Assets
$247.6M
Employees
2,292
Volunteers
15
Grants Paid
$52.6M
Program Expense Ratio
92.1%
This nonprofit profile presents IRS Form 990 tax filing data for University of Virginia Physicians Group (EIN: 54-1124769), based on the 2022 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, top independent contractors, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
University of Virginia Physicians Group is a 501(c)(3) nonprofit headquartered in CHARLOTTESVILLE, VA, founded in 1979. The organization has held tax-exempt status since 1980. In its 2022 filing, the organization reported $649.7M in total revenue, a 5.4% increase from the prior year, and $654.8M in total expenses. The organization employed 2,292 people and engaged 15 volunteers. CRAIG KENT MD, EVP FOR HEALTH AFFAIRS, is the highest-compensated individual at $1,566,146. The organization runs 1 program, totaling $602.9M in program expenses. 6 of 6 recommended governance policies are in place.
University of Virginia Physicians Group is classified under NTEE code E112. Its foundation type is 16.
Programs(Tax Year 2022)
1 record
University of Virginia Physicians Group operates 1 program, with total program expenses of $602.9M. University of Virginia Physicians Group's largest program accounts for 100% of total program spending.
SEE SCHEDULE O.
Financial Overview(Tax Years 2019–2022)
4 records
Over the past 4 years, University of Virginia Physicians Group's revenue has grown from $549.3M to $649.7M, a 18.3% increase. Program expenses represent 92% of total spending.
Revenue increased 5.4% year-over-year, while expenses grew 9.5%. net assets rose to $247.6M, up 3.7% from the prior year. the organization added 73 employees.
University of Virginia Physicians Group derives 1% from contributions and grants, with 96% from program services.
Revenue is heavily concentrated: 96% comes from program service revenue, indicating limited diversification.
University of Virginia Physicians Group allocates 92% to programs, 8% to management and general.
Revenue grew by 5.4% and expenses grew by 9.5% year over year.
University of Virginia Physicians Group distributed $52.6M in grants to other organizations and individuals, representing 8% of total expenses.
Over 4 filings from 2019–2022, University of Virginia Physicians Group grew revenue from $549.3M to $649.7M (+18.3%) while maintaining a program expense ratio of 92%. During this period, the organization grew from 2,036 to 2,292 employees.
University of Virginia Physicians Group holds $527.2M in total assets against $279.6M in liabilities (debt-to-asset ratio of 53%). The organization has 4.5 months of operating reserves. Cash and equivalents of $34.3M cover approximately 0.6 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2022 | $649.7M | $4.3M | $0 | $625.9M | $-500K |
| 2021 | $616.2M | $6.3M | $2.8M | $593.3M | $-21K |
| 2020 | $581.0M | $3.2M | $281K | $563.8M | $-101K |
| 2019 | $549.3M | $19.3M | $10.1M | $517.4M | $8K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2022 | $654.8M | $602.9M | $52.0M | $0 | $52.6M |
| 2021 | $597.8M | $549.2M | $48.6M | $0 | $36.8M |
| 2020 | $574.5M | $528.3M | $46.2M | $0 | $33.5M |
| 2019 | $548.7M | $499.9M | $48.7M | $0 | $32.9M |
Program Expense Ratio
92.1%
Admin Expense Ratio
7.9%
Fundraising Efficiency
—
Operating Reserve
4.5 mo
People & Compensation(Tax Year 2022)
40 records
University of Virginia Physicians Group reported compensation for 40 officers and key employees. Total officer compensation was $19.2M, representing 2.9% of total expenses. 15 individuals received total compensation exceeding $500,000.
University of Virginia Physicians Group's highest-compensated individual received $1.6M in total compensation. Total officer compensation of $19.2M represents 2.9% of total expenses. 8 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| CRAIG KENT MD | EVP FOR HEALTH AFFAIRS | Director | 1.60 | $41,052 | $1,277,019 | $1,566,146 |
| ABHINAV B CHHABRA MD | PHYSICIAN/PROFESSOR | Highest Comp | 37.80 | $1,163,821 | $336,868 | $1,544,110 |
| JAMES GANGEMI MD | PHYSICIAN/PROFESSOR | Highest Comp | 33.70 | $982,039 | $297,507 | $1,335,531 |
| REID ADAMS MD | PHYSICIAN DIRECTOR | Director | 19.30 | $816,872 | $413,403 | $1,294,083 |
| STEPHEN S PARK MD | PHYSICIAN/PROFESSOR | Highest Comp | 41.10 | $1,002,418 | $214,292 | $1,251,039 |
| WENDY HORTON | UVA HEALTH CEO | Director | 0.20 | $0 | $1,048,056 | $1,236,574 |
| JAMES M LARNER MD | PHYSICIAN DIRECTOR | Highest Comp | 36.40 | $990,834 | $97,766 | $1,116,952 |
| MELINA KIBBE MD | DEAN, UVA SOM | Director | — | $128,568 | $784,069 | $1,096,834 |
| DAVID DIDUCH MD | PHYSICIAN/PROFESSOR | Highest Comp | 37.80 | $999,048 | $0 | $999,413 |
| JENNIFER W DAVIS | UVA EXECUTIVE VP | Director | 0.30 | $0 | $720,060 | $880,311 |
| ART SAAVEDRA MD | PHYS. DIR./UPG PRES | Officer | 38.30 | $663,670 | $160,394 | $852,933 |
| ALAN H MATSUMOTO MD | FACULTY ELECTED DIR. | Former | 39.20 | $626,765 | $150,173 | $809,712 |
| PETER NETLAND MD | PHYSICIAN DIRECTOR | Director | — | $410,148 | $198,495 | $652,379 |
| MITCHELL H ROSNER MD | CHAIR, MEDICINE | Former | 10.33 | $150,528 | $426,399 | $640,021 |
| MARGARET CLARKE TRACCI | VICE CHAIR OF THE BOARD | Director | 40.00 | $494,732 | $98,236 | $618,546 |
| LI LI MD | PHYSICIAN DIRECTOR | Director | 36.40 | $152,655 | $266,162 | $467,689 |
| GREGORY B FAIRCHILD PHD MBA | ELECTED PUBLIC MEMBR | Former | — | $0 | $391,290 | $451,395 |
| SUSAN RUMSEY | CHIEF FINANCIAL OFFICER | Officer | 59.00 | $420,392 | $0 | $449,293 |
| MO NADKARNI MD | PHYSICIAN DIRECTOR | Director | 26.30 | $182,366 | $157,458 | $379,549 |
| J COREY FEIST | CEO, UPG | Former | 59.00 | $56,577 | $285,000 | $343,979 |
| ROBERT H THIELE MD | Physician Director | Director | 40.00 | $182,029 | $118,322 | $332,849 |
| LAURA MORGAN ROBERTS | ELECTED PUBLIC MEMBER | Director | 0.20 | $0 | $282,035 | $313,803 |
| REBEKAH COMPTON | ADVANCE PRACT PRV DR. | Director | 50.00 | $278,180 | $0 | $306,712 |
| MARC RICKABAUGH | DIR. OF FINANCE/CORP.TREASURER | Officer | 59.00 | $182,905 | $0 | $208,244 |
| SCOTT SYVERUD MD | PUBLIC DIRECTOR | Former | 36.40 | $0 | $48,640 | $61,410 |
| JULIE SPEASMAKER | ELECTED PUBLIC MEMBER | Director | 0.70 | $0 | $0 | $0 |
| LOUISE MCNAMEE | ELECTED PUBLIC MEMBER | Director | 0.50 | $0 | $0 | $0 |
| MARK LORENZONI | ELECTED PUBLIC MEMBER | Director | 0.20 | $0 | $0 | $0 |
| TOM DANIEL MD | ELECTED PUBLIC MEMBER | Director | 0.50 | $0 | $0 | $0 |
| MARK ROBERTS CPA | ELECTED PUBLIC MEMBER | Director | 0.50 | $0 | $0 | $0 |
| DREW HOLZWARTH | ELECTED PUBLIC MEMBER | Director | 0.70 | $0 | $0 | $0 |
| GLORIA ROCKHOLD | ELECTED PUBLIC MEMBER | Director | 0.50 | $0 | $0 | $0 |
| CLAIRE W GARGALLI | ELECTED PUBLIC MEMBER | Director | 0.70 | $0 | $0 | $0 |
| Kelli Palmer | ELECTED PUBLIC MEMBER | Director | 0.50 | $0 | $0 | $0 |
| Michael Guthrie | ELECTED PUBLIC MEMBER | Director | 0.50 | $0 | $0 | $0 |
| Sharon Hostler | ELECTED PUBLIC MEMBER | Director | 0.50 | $0 | $0 | $0 |
| Craig Wood | ELECTED PUBLIC MEMBER | Director | 0.50 | $0 | $0 | $0 |
| BABUR B LATEEF MD | UVA BOARD OF VISITORS | Director | 0.30 | $0 | $0 | $0 |
| J Scott Just MD | ceo | Officer | 59.00 | $0 | $0 | $0 |
| Mr Jeff Burton | ELECTED PUBLIC MEMBER | Director | 0.50 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
CRAIG KENT MD
Base Salary
—
Bonus
—
Other Reportable
$41,052
Retirement/Deferred
$3,050
Nontaxable Benefits
—
ABHINAV B CHHABRA MD
Base Salary
$859,810
Bonus
$206,207
Other Reportable
$97,804
Retirement/Deferred
—
Nontaxable Benefits
$259
JAMES GANGEMI MD
Base Salary
$700,000
Bonus
$200,000
Other Reportable
$82,039
Retirement/Deferred
—
Nontaxable Benefits
$248
REID ADAMS MD
Base Salary
$585,133
Bonus
$152,840
Other Reportable
$78,899
Retirement/Deferred
—
Nontaxable Benefits
$390
STEPHEN S PARK MD
Base Salary
$897,903
Bonus
—
Other Reportable
$104,515
Retirement/Deferred
—
Nontaxable Benefits
$365
WENDY HORTON
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
JAMES M LARNER MD
Base Salary
$434,533
Bonus
$485,000
Other Reportable
$71,301
Retirement/Deferred
—
Nontaxable Benefits
$629
MELINA KIBBE MD
Base Salary
$100,000
Bonus
—
Other Reportable
$28,568
Retirement/Deferred
$3,050
Nontaxable Benefits
—
DAVID DIDUCH MD
Base Salary
$422,146
Bonus
$518,368
Other Reportable
$58,534
Retirement/Deferred
—
Nontaxable Benefits
$365
JENNIFER W DAVIS
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
ART SAAVEDRA MD
Base Salary
$458,192
Bonus
$148,879
Other Reportable
$56,599
Retirement/Deferred
$3,050
Nontaxable Benefits
—
ALAN H MATSUMOTO MD
Base Salary
$463,233
Bonus
$83,000
Other Reportable
$80,532
Retirement/Deferred
—
Nontaxable Benefits
$682
PETER NETLAND MD
Base Salary
$325,667
Bonus
$29,000
Other Reportable
$55,481
Retirement/Deferred
—
Nontaxable Benefits
$512
MITCHELL H ROSNER MD
Base Salary
$128,072
Bonus
—
Other Reportable
$22,456
Retirement/Deferred
—
Nontaxable Benefits
$325
MARGARET CLARKE TRACCI
Base Salary
$328,167
Bonus
$128,200
Other Reportable
$38,365
Retirement/Deferred
—
Nontaxable Benefits
$218
LI LI MD
Base Salary
$129,188
Bonus
—
Other Reportable
$23,467
Retirement/Deferred
$3,050
Nontaxable Benefits
—
GREGORY B FAIRCHILD PHD MBA
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
SUSAN RUMSEY
Base Salary
$332,350
Bonus
$47,451
Other Reportable
$40,591
Retirement/Deferred
$9,150
Nontaxable Benefits
$19,751
MO NADKARNI MD
Base Salary
$143,383
Bonus
$17,500
Other Reportable
$21,483
Retirement/Deferred
—
Nontaxable Benefits
$347
J COREY FEIST
Base Salary
$56,449
Bonus
—
Other Reportable
$128
Retirement/Deferred
$1,703
Nontaxable Benefits
$679
ROBERT H THIELE MD
Base Salary
$43,468
Bonus
$138,561
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
LAURA MORGAN ROBERTS
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
REBEKAH COMPTON
Base Salary
$227,710
Bonus
$32,970
Other Reportable
$17,500
Retirement/Deferred
$15,198
Nontaxable Benefits
$13,334
MARC RICKABAUGH
Base Salary
$163,749
Bonus
$16,359
Other Reportable
$2,797
Retirement/Deferred
$12,236
Nontaxable Benefits
$13,103
SCOTT SYVERUD MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Top Contractors(Tax Year 2022)
5 records
University of Virginia Physicians Group reported 5 contractors receiving over $100,000, with total contractor payments of $2.9M.
| Name | Service | Compensation |
|---|---|---|
| STANDARD INSURANCE COMPANY | Insurance | $1,044,924 |
| RIVERSIDE MC ASSOCIATES | RENT | $553,894 |
| CQ PARTNERS LLC | HEARING SERVICES | $472,215 |
| PLAYFLY SPORTS PROPERTIES LLC | RENT | $465,559 |
| GAHC4 CHARLOTTESVILLE VA MOB LLC | RENT | $365,840 |
Governance & Compliance(Tax Year 2022)
University of Virginia Physicians Group has 6 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 25 members, 14 of whom are independent.
University of Virginia Physicians Group's financial statements are audited, an audit committee oversees the process.
University of Virginia Physicians Group has family or business relationships among officers, directors, or key employees.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2022)
3 records
University of Virginia Physicians Group awarded $52.5M across 3 grants to organizations. Top recipients include UNIVERSITY OF VIRGINIA (CHARLOTTESVILLE, VA) — $46.4M for see part iv; UVA MEDICAL SCHOOL FOUNDATION (CHARLOTTESVILLE, VA) — $6.1M for see part iv; ORTHOPAEDIC RESEARCH & EDUCATION FOUNDATION (ROSEMONT, IL) — $27K for see part iv.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| UNIVERSITY OF VIRGINIA546001796 | CHARLOTTESVILLE, VA | $46.4M | SEE PART IV |
| UVA MEDICAL SCHOOL FOUNDATION237173411 | CHARLOTTESVILLE, VA | $6.1M | SEE PART IV |
| ORTHOPAEDIC RESEARCH & EDUCATION FOUNDATION366009467 | ROSEMONT, IL | $27K | SEE PART IV |
Supplemental Financial Data(Tax Year 2022)
The endowment stands at $28.0M, with $2.4M in new contributions.
Filing History(Tax Years 1980–2022)
4 records
Showing the 4 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2022 | 990 | 2022-07-01 – 2023-06-30 | $649.7M | $654.8M | $247.6M |
| 2021 | 990 | 2021-07-01 – 2022-06-30 | $616.2M | $597.8M | $238.8M |
| 2020 | 990 | 2020-07-01 – 2021-06-30 | $581.0M | $574.5M | $231.7M |
| 2019 | 990 | 2019-07-01 – 2020-06-30 | $549.3M | $548.7M | $110.1M |
| 1980–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does University of Virginia Physicians Group do?
PATIENT CARE, TEACHING AND MEDICAL RESEARCH
How much revenue does University of Virginia Physicians Group have?
University of Virginia Physicians Group reported $649,702,251 in total revenue for tax year 2022, up 5.4% from the prior year.
Who is the highest-paid executive at University of Virginia Physicians Group?
CRAIG KENT MD, EVP FOR HEALTH AFFAIRS, received $1,566,146 in total compensation as of tax year 2022.
Is University of Virginia Physicians Group a 501(c)(3)?
Yes, University of Virginia Physicians Group is classified as a 501(c)(3) tax-exempt organization.
Where is University of Virginia Physicians Group located?
University of Virginia Physicians Group is headquartered in CHARLOTTESVILLE, VA 22911.
How many employees does University of Virginia Physicians Group have?
University of Virginia Physicians Group has 2,292 employees and 15 volunteers as of tax year 2022.
Is University of Virginia Physicians Group audited?
Yes, University of Virginia Physicians Group's financial statements are audited, and the organization has an audit committee.
Does University of Virginia Physicians Group give grants?
Yes, University of Virginia Physicians Group distributed $52,563,352 in grants to other organizations and individuals in tax year 2022. Top recipients include UNIVERSITY OF VIRGINIA, UVA MEDICAL SCHOOL FOUNDATION, ORTHOPAEDIC RESEARCH & EDUCATION FOUNDATION.
Data Source
Prepared by: BDO USA, MCLEAN, VA
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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