Nonprofit · EIN 54-1124769
UNIVERSITY OF VIRGINIA PHYSICIANS GROUP
Tax-exempt · CHARLOTTESVLE, VA 22902
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $702,399,669 | $711,779,092 | -$9,379,423 | $513,195,334 | $222,927,853 | $290,267,481 |
| June 30, 2024 | 990 | $656,270,004 | $658,548,445 | -$2,278,441 | $500,646,389 | $229,474,936 | $271,171,453 |
| June 30, 2023 | 990 | $649,702,251 | $654,849,370 | -$5,147,119 | $527,246,214 | $279,617,347 | $247,628,867 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,084,896
- Program service revenue
- $680,316,566
- Investment income
- $1,744,837
- Net gain from sales of assets
- -$17,917
- Other revenue
- $12,253,370
Expenses
- Grants and similar amounts paid
- $56,170,589
- Compensation of officers, directors and key employees
- $7,463,962
- Other salaries and wages
- $408,811,922
- Salaries, compensation and benefits (total)
- $512,523,557
- Professional fundraising fees
- $0
- Legal fees
- $375,703
- Accounting fees
- $187,927
- Occupancy
- $9,401,254
- Travel
- $3,172,623
- Depreciation
- $3,964,781
- Program services (functional)
- $683,930,943
- Management and general (functional)
- $27,848,149
Balance sheet and other
- Total assets, start of year
- $500,646,389
- Total assets, end of year
- $513,195,334
- Total liabilities, end of year
- $222,927,853
- Net assets, end of year
- $290,267,481
- Land, buildings and equipment
- $28,855,756
- Publicly traded securities
- $278,031,670
- Net assets without donor restrictions
- $290,267,481
- Gross unrelated business income
- $2,417,797
- Gross receipts
- $702,417,586
- Employees
- 2,286
- Volunteers
- 15
- Year formed
- 1979
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Craig Kent MD | CEO UVA Health/Ex-officio director (THRU 02.25) Trustee or director | 7.8 | $31,054 | $1,933,007 | $353,472 |
| James J Gangemi MD | Physician/Professor Highest-paid employee | 48 | $1,646,209 | $295,601 | $63,783 |
| Abhinav B Chhabra MD | Physician/Professor Highest-paid employee | 48.2 | $1,104,939 | $217,045 | $48,875 |
| Melina R Kibbe MD | Dean, UVA School of Medicine/ex-officio director Trustee or director | 20.7 | $132,248 | $1,030,052 | $207,050 |
| Wendy Michelle Horton | Chief Executive Officer, UVA Medical Center/ex-officio director Trustee or director | 0.3 | $0 | $1,120,172 | $225,305 |
| Stephen S Park MD | Physician/Professor Highest-paid employee | 50.2 | $1,071,832 | $107,516 | $35,199 |
| Reid B Adams MD | Physician Director Highest-paid employee | 48.3 | $902,759 | $217,845 | $33,401 |
| David R Diduch MD | Physician/Professor Highest-paid employee | 48.6 | $982,328 | $94,223 | $29,431 |
| Brian E Kogon MD | Clinician Physician Trustee or director | 0 | $1,049,816 | $0 | $677 |
| James M Larner MD | President Trustee or director, Officer | 49.2 | $1,042,018 | $0 | $3,673 |
| Scott Just MD | Chief Executive Officer Officer | 49 | $968,479 | $0 | $20,986 |
| Jennifer W Davis | UVA Exec. Vice President/University Representative Trustee or director | 0.3 | $0 | $804,744 | $176,050 |
| Mitchell H Rosner MD | Chair, Medicine Trustee or director | 36.2 | $324,803 | $366,232 | $70,453 |
| Kirsten Lynn Greene MD | Physician Director Trustee or director | 50.2 | $698,143 | $0 | $7,150 |
| Margaret Clarke Tracci MD | Vice Chair of the Board Trustee or director | 47.1 | $553,436 | $92,928 | $28,954 |
24 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Robert H Thiele MD | Physician Director Trustee or director | 47.4 | $503,827 | $87,568 | $26,825 |
| Susan Rumsey | Chief Financial Officer Officer | 47 | $446,896 | $0 | $18,673 |
| Anne F Bachmann | General Council - UPG Officer | 0 | $396,720 | $0 | $20,100 |
| Rebekah Compton | Advance Practice Provider Director Trustee or director | 46.2 | $370,733 | $0 | $13,753 |
| Vanessa Gregg MD | Physician Director Trustee or director | 50.2 | $369,842 | $0 | $338 |
| Laura Roberts | Public Director Trustee or director | 0.3 | $0 | $309,331 | $38,350 |
| Peter Netland MD | Physician Director Trustee or director | 45.3 | $197,004 | $93,212 | $26,743 |
| Mo Nadkarni MD | ELECTED PUBLIC MEMBER Trustee or director | 50.3 | $270,180 | $0 | $944 |
| Li Li MD | Physician Director Trustee or director | 49.7 | $225,216 | $0 | $4,024 |
| Marc W Rickabaugh | Dir of Finance/Corp Treasurer Officer | 44.3 | $203,515 | $0 | $14,465 |
| Rosemarie L Tyger PA | PA-C. Advance Practice Provider Director (AS OF 03.25) Trustee or director | 0.3 | $169,574 | $0 | $7,130 |
| Andrew Ward Holzwarth | Public Director Trustee or director | 0.7 | $0 | $0 | $0 |
| CLAIRE W GARGALLI | ELECTED PUBLIC MEMBER Trustee or director | 0.7 | $0 | $0 | $0 |
| CRAIG WOOD | ELECTED PUBLIC MEMBER Trustee or director | 0.4 | $0 | $0 | $0 |
| Gloria Rockhold | ELECTED PUBLIC MEMBER (THRU 06/25) Trustee or director | 0.4 | $0 | $0 | $0 |
| Jeff Burton | Public Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Kelli Palmer | ELECTED PUBLIC MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| Louise McNamee | ELECTED PUBLIC MEMBER Trustee or director | 0.4 | $0 | $0 | $0 |
| Mark Lorenzoni | ELECTED PUBLIC MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| Mark Roberts CPA | ELECTED PUBLIC MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| Michael Guthrie | ELECTED PUBLIC MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| Scott Syverud MD | ELECTED PUBLIC MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| Sharon Hostler MD | ELECTED PUBLIC MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| Victoria D Harker | University Representative Trustee or director | 0.2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 40 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES GANGEMI MD | PHYSICIAN/PROFESSOR Highest-paid employee | 48 | $1,401,509 | $295,413 | $59,615 |
| CRAIG KENT MD | EVP FOR HEALTH AFFAIRS Trustee or director | 7.8 | $45,071 | $1,340,380 | $253,247 |
| ABHINAV B CHHABRA MD | PHYSICIAN/PROFESSOR Highest-paid employee | 48.2 | $1,148,586 | $215,402 | $47,088 |
| JOHN A KERN MD | PHYSICIAN/PROFESSOR Highest-paid employee | 48.3 | $1,059,731 | $200,508 | $37,077 |
| MELINA KIBBE MD | DEAN, UVA SCHOOL OF MEDICINE Trustee or director | 20.7 | $130,064 | $883,823 | $191,260 |
| DAVID DIDUCH MD | PHYSICIAN/PROFESSOR Highest-paid employee | 48.6 | $1,035,884 | $91,720 | $28,912 |
| JAMES M LARNER MD | PHYS DIR./UPG PRES(AS OF 4/23) Trustee or director, Officer | 49.2 | $1,064,748 | $0 | $31,857 |
| REID ADAMS MD | PHYSICIAN DIRECTOR Former | 48.3 | $816,304 | $223,970 | $29,759 |
| STEPHEN S PARK MD | PHYSICIAN/PROFESSOR Highest-paid employee | 50.2 | $1,046,477 | $0 | $0 |
| JENNIFER W DAVIS | UVA EXEC. VP/UNIVERSITY REP. Trustee or director | 0.3 | $0 | $752,639 | $170,025 |
| ALAN H MATSUMOTO MD | FACULTY ELECTED DIR. Former | 48.2 | $641,652 | $147,731 | $25,713 |
| PETER NETLAND MD | PHYSICIAN DIRECTOR (THRU 6/24) Trustee or director | 45.3 | $428,907 | $196,002 | $47,166 |
| MITCHELL H ROSNER MD | CHAIR, MEDICINE Former | 36.2 | $170,948 | $411,304 | $66,694 |
| ROBERT H THIELE MD | PHYSICIAN DIRECTOR (THRU 2/24) Trustee or director | 47.4 | $501,078 | $92,018 | $30,359 |
| MARGARET CLARKE TRACCI MD | VICE CHAIR OF BOARD Trustee or director | 47.1 | $433,507 | $93,950 | $27,198 |
| KIRSTEN LYNN GREENE MD | PHYSICIAN DIR. (AS OF 5/24) Trustee or director | 50.2 | $533,676 | $0 | $3,300 |
| J SCOTT JUST MD | CHIEF EXECUTIVE OFFICER Officer | 49 | $502,675 | $0 | $17,777 |
| SUSAN RUMSEY | CHIEF FINANCIAL OFFICER Officer | 47 | $414,400 | $0 | $29,034 |
| REBEKAH COMPTON | ADVANCE PRACT PRV DR. Trustee or director | 46.2 | $318,855 | $0 | $31,557 |
| LAURA MORGAN ROBERTS | ELECTED PUBLIC MEMBER Trustee or director | 0.3 | $0 | $309,341 | $34,398 |
| VANESSA GREGG MD | PHYSICIAN DIR. (AS OF 2/24) Trustee or director | 50.2 | $343,001 | $0 | $269 |
| MO NADKARNI MD | PHYSICIAN DIRECTOR Trustee or director | 50.3 | $242,046 | $0 | $466 |
| MARC RICKABAUGH | DIR OF FINANCE/CORP TREASURER Officer | 44.3 | $195,276 | $0 | $26,422 |
| LI LI MD | PHYSICIAN DIRECTOR Trustee or director | 49.7 | $205,241 | $0 | $3,143 |
| ART SAAVEDRA MD | PHYS. DIR./UPG PRES (TO 4/23) Former | 47.1 | $143,569 | $27,753 | $8,871 |
| WENDY HORTON | UVA HEALTH CEO Trustee or director | 0.3 | $0 | $0 | $0 |
| SCOTT SYVERUD MD | ELE. PUBLIC MEMBER(AS OF 9/23) Trustee or director | 0.5 | $0 | $0 | $0 |
| CLAIRE W GARGALLI | ELECTED PUBLIC MEMBER Trustee or director | 0.7 | $0 | $0 | $0 |
| JULIE SPEASMAKER | ELE. PUBLIC MEMBER (THRU 8/23) Trustee or director | 0 | $0 | $0 | $0 |
| LOUISE MCNAMEE | ELECTED PUBLIC MEMBER Trustee or director | 0.4 | $0 | $0 | $0 |
| MARK LORENZONI | ELECTED PUBLIC MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| MARK ROBERTS CPA | ELECTED PUBLIC MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DREW HOLZWARTH | PUBLIC DIRECTOR, CHAIR Trustee or director | 0.6 | $0 | $0 | $0 |
| GLORIA ROCKHOLD | ELECTED PUBLIC MEMBER Trustee or director | 0.4 | $0 | $0 | $0 |
| MR JEFF BURTON | ELECTED PUBLIC MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| KELLI PALMER | ELECTED PUBLIC MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| MICHAEL GUTHRIE | ELECTED PUBLIC MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| SHARON HOSTLER | ELECTED PUBLIC MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| CRAIG WOOD | ELECTED PUBLIC MEMBER Trustee or director | 0.4 | $0 | $0 | $0 |
| VICTORIA HARKER | UNIVERSITY REPRESENTATIVE Trustee or director | 0.2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 40 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CRAIG KENT MD | EVP FOR HEALTH AFFAIRS Trustee or director | 1.6 | $41,052 | $1,277,019 | $248,075 |
| ABHINAV B CHHABRA MD | PHYSICIAN/PROFESSOR Highest-paid employee | 37.8 | $1,163,821 | $336,868 | $43,421 |
| JAMES GANGEMI MD | PHYSICIAN/PROFESSOR Highest-paid employee | 33.7 | $982,039 | $297,507 | $55,985 |
| REID ADAMS MD | PHYSICIAN DIRECTOR (THRU 6/22) Trustee or director | 19.3 | $816,872 | $413,403 | $63,808 |
| STEPHEN S PARK MD | PHYSICIAN/PROFESSOR Highest-paid employee | 41.1 | $1,002,418 | $214,292 | $34,329 |
| WENDY HORTON | UVA HEALTH CEO Trustee or director | 0.2 | $0 | $1,048,056 | $188,518 |
| JAMES M LARNER MD | PHYSICIAN DIRECTOR Highest-paid employee | 36.4 | $990,834 | $97,766 | $28,352 |
| MELINA KIBBE MD | DEAN, UVA SOM Trustee or director | 0 | $128,568 | $784,069 | $184,197 |
| DAVID DIDUCH MD | PHYSICIAN/PROFESSOR Highest-paid employee | 37.8 | $999,048 | $0 | $365 |
| JENNIFER W DAVIS | UVA EXECUTIVE VP Trustee or director | 0.3 | $0 | $720,060 | $160,251 |
| ART SAAVEDRA MD | PHYS. DIR./UPG PRES(THRU 4/23) Officer | 38.3 | $663,670 | $160,394 | $28,869 |
| ALAN H MATSUMOTO MD | FACULTY ELECTED DIR. Former | 39.2 | $626,765 | $150,173 | $32,774 |
| PETER NETLAND MD | PHYSICIAN DIRECTOR Trustee or director | 0 | $410,148 | $198,495 | $43,736 |
| MITCHELL H ROSNER MD | CHAIR, MEDICINE Former | 10.33 | $150,528 | $426,399 | $63,094 |
| MARGARET CLARKE TRACCI | VICE CHAIR OF THE BOARD Trustee or director | 40 | $494,732 | $98,236 | $25,578 |
| LI LI MD | PHYSICIAN DIRECTOR Trustee or director | 36.4 | $152,655 | $266,162 | $48,872 |
| GREGORY B FAIRCHILD PHD MBA | ELECTED PUBLIC MEMBR Former | 0 | $0 | $391,290 | $60,105 |
| SUSAN RUMSEY | CHIEF FINANCIAL OFFICER Officer | 59 | $420,392 | $0 | $28,901 |
| MO NADKARNI MD | PHYSICIAN DIRECTOR Trustee or director | 26.3 | $182,366 | $157,458 | $39,725 |
| J COREY FEIST | CEO, UPG Former | 59 | $56,577 | $285,000 | $2,402 |
| ROBERT H THIELE MD | Physician Director Trustee or director | 40 | $182,029 | $118,322 | $32,498 |
| LAURA MORGAN ROBERTS | ELECTED PUBLIC MEMBER Trustee or director | 0.2 | $0 | $282,035 | $31,768 |
| REBEKAH COMPTON | ADVANCE PRACT PRV DR. Trustee or director | 50 | $278,180 | $0 | $28,532 |
| MARC RICKABAUGH | DIR. OF FINANCE/CORP.TREASURER Officer | 59 | $182,905 | $0 | $25,339 |
| SCOTT SYVERUD MD | PUBLIC DIRECTOR Former | 36.4 | $0 | $48,640 | $12,770 |
| CLAIRE W GARGALLI | ELECTED PUBLIC MEMBER Trustee or director | 0.7 | $0 | $0 | $0 |
| JULIE SPEASMAKER | ELECTED PUBLIC MEMBER Trustee or director | 0.7 | $0 | $0 | $0 |
| LOUISE MCNAMEE | ELECTED PUBLIC MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| MARK LORENZONI | ELECTED PUBLIC MEMBER Trustee or director | 0.2 | $0 | $0 | $0 |
| TOM DANIEL MD | ELECTED PUBLIC MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| MARK ROBERTS CPA | ELECTED PUBLIC MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DREW HOLZWARTH | ELECTED PUBLIC MEMBER Trustee or director | 0.7 | $0 | $0 | $0 |
| GLORIA ROCKHOLD | ELECTED PUBLIC MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| Mr Jeff Burton | ELECTED PUBLIC MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| Kelli Palmer | ELECTED PUBLIC MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| Michael Guthrie | ELECTED PUBLIC MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| Sharon Hostler | ELECTED PUBLIC MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| Craig Wood | ELECTED PUBLIC MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| BABUR B LATEEF MD | UVA BOARD OF VISITORS Trustee or director | 0.3 | $0 | $0 | $0 |
| J Scott Just MD | ceo (AS OF 5/30/23) Officer | 59 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 AVON ST APT 201, CHARLOTTESVLE, VA 22902-5703
- In care of
- % SUSAN RUMSEY
- Principal officer (990 for 2024)
- Susan Rumsey, 100 Avon Street 201, Charlottesville, VA 22902
- Signed the 990
- Susan Rumsey, CFO
- Phone
- (434) 295-1000
- Website
- UPG.VIRGINIA.EDU
- Return prepared by
- BDO USA
Mission
The mission of The University of Virginia Health System is transforming health and inspiring hope for all Virginians and beyond. Its vision is to be the nation's leading public academic health system and a best place to work - while transforming patient care, research, education, and engagement with the diverse communities it serves.
Program accomplishments
- The University of Virginia Physicians Group (UPG) supports the University of Virginia by employing physicians who are faculty members of the University of Virginia School of Medicine and provide patient care, teach medical students, engage in medical research, and provide other health care-related services in conjunction with the University of Virginia Medical Center. UPG also provides funds to the University of Virginia in support of health related activities of the University of Virginia Medical Center. For the year ended June 30, 2025, UPG provided patient care as follows: inpatients: 336,266 outpatients: 1,137,742; home visits: 3,871; not classified/unknown: 6Expenses $683,930,943 · grants $56,170,589 · revenue $690,152,139
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1124769
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E112)
- Assets (IRS master file)
- $513,195,334
- Income (IRS master file)
- $702,417,586
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $702,399,669 | $711,779,092 | $513,195,334 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $656,270,004 | $658,548,445 | $500,646,389 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $649,702,251 | $654,849,370 | $527,246,214 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $616,203,173 | $597,798,150 | $453,851,421 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1124769).
Questions about UNIVERSITY OF VIRGINIA PHYSICIANS GROUP
- What is the EIN of UNIVERSITY OF VIRGINIA PHYSICIANS GROUP?
- The employer identification number (EIN) of UNIVERSITY OF VIRGINIA PHYSICIANS GROUP is 54-1124769.
- Is UNIVERSITY OF VIRGINIA PHYSICIANS GROUP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to UNIVERSITY OF VIRGINIA PHYSICIANS GROUP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY OF VIRGINIA PHYSICIANS GROUP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY OF VIRGINIA PHYSICIANS GROUP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF VIRGINIA PHYSICIANS GROUP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UNIVERSITY OF VIRGINIA PHYSICIANS GROUP?
- The 990 for the year ended June 30, 2025 names Susan Rumsey.
- Who are the officers and directors of UNIVERSITY OF VIRGINIA PHYSICIANS GROUP?
- The 990 for the year ended June 30, 2025 lists 39 people; 23 received compensation from the organization, the highest $31,054 (Craig Kent MD, CEO UVA Health/Ex-officio director (THRU 02.25)).
- How much revenue does UNIVERSITY OF VIRGINIA PHYSICIANS GROUP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $702,399,669, expenses of $711,779,092 and total assets of $513,195,334 at year end.
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