Nonprofit · EIN 62-1162462
UT MEDICAL GROUP INC
Tax-exempt · MEMPHIS, TN 38119
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $85,488,061 | $82,519,827 | $2,968,234 | $43,702,708 | $21,295,755 | $22,406,953 |
| December 31, 2023 | 990 | $80,832,279 | $83,853,741 | -$3,021,462 | $44,059,544 | $24,620,825 | $19,438,719 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $63,877,424
- Investment income
- $5,056,825
- Net rental income
- $1,278,231
- Net gain from sales of assets
- $4,845,816
- Other revenue
- $16,553,812
Expenses
- Grants and similar amounts paid
- $143,222
- Compensation of officers, directors and key employees
- $5,630,231
- Other salaries and wages
- $44,800,080
- Salaries, compensation and benefits (total)
- $57,484,363
- Professional fundraising fees
- $0
- Legal fees
- $133,010
- Accounting fees
- $250,764
- Occupancy
- $2,172,498
- Travel
- $119,838
- Depreciation
- $1,192,479
- Program services (functional)
- $69,071,900
- Management and general (functional)
- $13,447,927
Balance sheet and other
- Total assets, start of year
- $44,059,544
- Total assets, end of year
- $43,702,708
- Total liabilities, end of year
- $21,295,755
- Net assets, end of year
- $22,406,953
- Land, buildings and equipment
- $15,198,218
- Net assets without donor restrictions
- $22,406,953
- Gross receipts
- $85,499,915
- Employees
- 583
- Volunteers
- 20
- Year formed
- 1983
- State of legal domicile
- TN
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MILTON RANDALL | PHYSICIAN Highest-paid employee | 38 | $792,058 | $62,719 | $77,855 |
| TEJESH PATEL | CHAIR OF UTHSC DEPT OF DER Trustee or director | 38 | $526,204 | $315,349 | $69,110 |
| DAVID SHIBATA | CHAIR OF UTHSC DEPT OF SUR Trustee or director | 2 | $0 | $876,988 | $27,722 |
| AJAY TALATI | SECRETARY, CHAIR OF UTHSC Trustee or director | 10 | $579,461 | $201,416 | $88,346 |
| DEVRA BECKER | PHYSICIAN Highest-paid employee | 38 | $641,935 | $113,413 | $92,036 |
| MARION BOYD GILLESPIE | CHAIR OF UTHSC DEPT OF OTO Trustee or director | 10 | $431,903 | $267,978 | $86,099 |
| DAVID PEELER | PHYSICIAN Highest-paid employee | 38 | $707,947 | $24,082 | $53,383 |
| ROBERT BRADLEY CANADA | CHIEF MEDICAL OFFICER Trustee or director, Officer | 10 | $0 | $664,217 | $82,504 |
| RAAJ KURAPATI | EXEC VICE CHANCELLOR OF UT Trustee or director | 2 | $0 | $606,127 | $73,311 |
| BRION RANDOLPH | PHYSICIAN Highest-paid employee | 38 | $608,518 | $15,994 | $28,266 |
| HIEU Q VO | PHYSICIAN Highest-paid employee | 38 | $494,007 | $70,133 | $73,616 |
| MUNEEZA KHAN | CHAIR OF UTHSC DEPT OF FAM Trustee or director | 2 | $89,833 | $470,384 | $70,944 |
| G NICHOLAS VERNE | CHAIR OF UTHSC DEPT OF MED Trustee or director | 2 | $0 | $577,094 | $30,820 |
| PAUL WESOLOWSKI | VICE CHANCELLOR OF STRATEGIC PSHIP Trustee or director | 2 | $0 | $488,996 | $71,579 |
| Shannon Tacker | CEO and Board Member Trustee or director, Officer | 40 | $322,767 | $0 | $41,502 |
2 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Michael Jackson | CFO Officer | 40 | $225,903 | $51,172 |
| Courtney Love | Chief Administrative Officer Officer | 40 | $209,694 | $24,721 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SCOTT STROME | CHAIRMAN OF THE BOARD Trustee or director, Officer | 2 | $85,519 | $2,004,602 | $32,732 |
| MILTON RANDALL | PHYSICIAN Highest-paid employee | 38 | $814,055 | $32,334 | $46,473 |
| KENNARD BROWN | FORMER EXEC VICE CHANCELLOR OF UT Trustee or director | 2 | $0 | $852,936 | $37,014 |
| DAVID SHIBATA | CHAIR OF UTHSC DEPT OF SUR Trustee or director | 2 | $0 | $844,419 | $25,973 |
| TEJESH PATEL | CHAIR OF UTHSC DEPT OF DER Trustee or director | 38 | $520,053 | $267,652 | $67,541 |
| DAVID SCHWARTZ | PHYSICIAN Highest-paid employee | 38 | $523,426 | $212,302 | $107,812 |
| David Peeler | PHYSICIAN Highest-paid employee | 38 | $741,367 | $6,194 | $51,617 |
| DEVRA BECKER | PHYSICIAN Highest-paid employee | 38 | $602,102 | $106,247 | $87,872 |
| AJAY TALATI | SECRETARY, CHAIR OF UTHSC Trustee or director | 10 | $502,860 | $195,263 | $86,696 |
| MARION BOYD GILLESPIE | CHAIR OF UTHSC DEPT OF OTO Trustee or director | 10 | $398,285 | $261,312 | $83,793 |
| ROBERT BRADLEY CANADA | CHIEF MEDICAL OFFICER Trustee or director, Officer | 10 | $458,987 | $196,913 | $74,885 |
| JONATHAN MC CULLERS | SR EXEC ASSOCIATE DEAN OF Trustee or director | 2 | $0 | $660,952 | $63,050 |
| KHALID ALSHERBINI | PHYSICIAN Highest-paid employee | 38 | $558,769 | $87,623 | $41,065 |
| MUNEEZA KHAN | CHAIR OF UTHSC DEPT OF FAM Trustee or director | 2 | $62,844 | $454,462 | $58,943 |
| G NICHOLAS VERNE | CHAIR OF UTHSC DEPT OF MED Trustee or director | 2 | $0 | $499,597 | $49,377 |
| ANTHONY FERRARA | SR VICE CHANCELLOR OF FINA Trustee or director | 2 | $0 | $421,381 | $44,634 |
| PAUL WESOLOWSKI | VICE CHANCELLOR OF STRATEGIC PSHIP Trustee or director | 2 | $0 | $369,702 | $39,464 |
| Shannon Tacker | CEO and Board Member Trustee or director, Officer | 40 | $361,615 | $0 | $41,212 |
| Michael Jackson | CFO Officer | 40 | $246,774 | $0 | $46,883 |
| RAAJ KURAPATI | EXEC VICE CHANCELLOR OF UT Trustee or director | 2 | $0 | $199,158 | $57,208 |
| Courtney Love | Chief Administrative Officer Officer | 40 | $225,478 | $0 | $24,384 |
Address and contacts
- Address (IRS master file)
- 1068 CRESTHAVEN RD STE 300, MEMPHIS, TN 38119-0809
- In care of
- % UTME
- Principal officer (990 for 2024)
- Shannon Tacker, 1068 Cresthaven Road 300, Memphis, TN 38119
- Signed the 990
- Mike Jackson, CFO
- Phone
- (901) 866-8015
- Return prepared by
- Forvis Mazars LLP
Mission
To be a successful physician led, professionally managed medical practice that benefits our patients and our community, while supporting the UT Health Science Center's mission through clinical excellence, financial responsibility and a culture of care at every touch point.
Program accomplishments
- THE MEDICAL SERVICES PROVIDED BY THE GROUP ARE AVAILABLE TO THE COMMUNITY AS A WHOLE WITHOUT REGARD TO ABILITY TO PAY. MEDICARE, MEDICAID, AND TENNCARE PATIENTS ARE ACCEPTED. THE GROUP HAS AN AGREEMENT WITH REGIONAL ONE, THE PUBLIC SAFETY NET HOSPITAL OF SHELBY COUNTY, TENNESSEE, THAT PROVIDES FOR THE DELIVERY OF PROFESSIONAL SERVICES TO INDIGENT PATIENTS, BOTH INPATIENT AND OUTPATIENT. IN ADDITION TO PATIENTS FROM SHELBY COUNTY, THE FACULTY PHYSICIANS AND OTHER PROFESSIONAL EMPLOYEES OF THE GROUP PROVIDE HEALTH CARE SERVICES TO OUT-OF-STATE RESIDENTS AND RESIDENTS OF FOREIGN COUNTRIES WHO HAVE LIMITED INCOMES. DURING THE PERIOD, APPROXIMATELY 33 PERCENT OF THE GROUP'S SERVICES WERE PROVIDED TO PATIENTS WITH TENNCARE, MEDICAID, OR NO INSURANCE COVERAGE. ANOTHER 26 PERCENT WERE PROVIDED TO MEDICARE PATIENTS. THE PROFESSIONAL EMPLOYEES OF THE GROUP ARE DEDICATED TO THE MEDICAL TRAINING AND EDUCATION OF HEALTH PROFESSIONALS IN CONJUNCTION WITH THE UTHSC COLLEGE OF MEDICINE. ALTHOUGH EDUCATIONAL ACTIVITIES ARE FUNDED PRIMARILY THROUGH THE UTHSC COLLEGE OF MEDICINE, THE GROUP MAKES SIGNIFICANT CONTRIBUTIONS TO THIS EFFORT WITH BOTH PERSONNEL AND FINANCIAL RESOURCES. DURING THE YEAR, FACULTY PHYSICIANS WERE INVOLVED IN THE EDUCATION OF PRIMARILY THE 3RD AND 4TH YEAR MEDICAL STUDENTS (300 OF THE 600 MEDICAL STUDENTS). ALSO IN CONJUNCTION WITH THE UTHSC COLLEGE OF MEDICINE, THE PROFESSIONAL EMPLOYEES OF THE GROUP ENGAGE IN PROGRAMS OF MEDICAL RESEARCH AND EDUCATION THAT PROMOTE THE LONG-TERM HEALTH AND WELFARE OF PATIENTS AND THE GENERAL PUBLIC. THE RESEARCH PROGRAMS FOCUS ON PREVENTION AND TREATMENT OF ILLNESSES AS WELL AS EFFECTS OF DRUGS AND MEDICATIONS ON A VARIETY OF DISEASES AND MEDICAL CONDITIONS. WHILE SERVING AS THE FACULTY PRACTICE PLAN OF THE UTHSC COLLEGE OF MEDICINE, THE LONG-TERM COMMITMENT OF THE GROUP IS TO CONTINUE TO PROVIDE MEDICAL SERVICES TO ANY AND ALL PATIENTS AND TO PROMOTE GOOD HEALTH THROUGH RESEARCH AND EDUCATION. THE RANGE/TYPE OF SERVICES PROVIDED BY THE CLINICAL DEPARTMENTS INCLUDES PRIMARY CARE, SPECIALTY CONSULTATIONS, SUBSPECIALTY PROCEDURES AND DIAGNOSTIC EVALUATIONS, AND SURGICAL PROCEDURES. HEALTH CARE SERVICES ARE DELIVERED IN NUMEROUS HOSPITAL AND CLINIC SETTINGS, INCLUDING INPATIENT AND OUTPATIENT CARE AT THE REGIONAL MEDICAL CENTER AT MEMPHIS (REGIONAL ONE), LE BONHEUR CHILDREN'S HOSPITAL, MEMPHIS VA MEDICAL CENTER, METHODIST UNIVERSITY HOSPITAL, ST. JUDE CHILDREN'S RESEARCH HOSPITAL, ST. FRANCIS HOSPITAL, BAPTIST MEMORIAL HOSPITALS,AND OTHER LOCAL COMMUNITY HOSPITALS. THE GROUP'S FACULTY PHYSICIANS PROVIDE HEALTH CARE SERVICES TO PATIENTS OF THE CENTERS OF EXCELLENCE AT THE MED. THE CENTERS OF EXCELLENCE INCLUDE THE TRAUMA CENTER, BURN CENTER, WOUND CARE CENTER, NEWBORN CENTER, ADULT SPECIAL CARE, AND SICKLE CELL CENTER.Expenses $69,071,900 · grants $143,222 · revenue $63,877,424
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 62-1162462
- 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
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E300)
- Assets (IRS master file)
- $43,702,708
- Income (IRS master file)
- $85,499,915
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $85,488,061 | $82,519,827 | $43,702,708 | IRS |
| 990 | December 2023 | $80,832,279 | $83,853,741 | $44,059,544 | XML |
| 990 | December 2022 | $85,555,164 | $87,680,850 | $47,663,795 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 62-1162462).
Questions about UT MEDICAL GROUP INC
- What is the EIN of UT MEDICAL GROUP INC?
- The employer identification number (EIN) of UT MEDICAL GROUP INC is 62-1162462.
- Is UT MEDICAL GROUP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to UT MEDICAL GROUP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UT MEDICAL GROUP INC 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 UT MEDICAL GROUP INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UT MEDICAL GROUP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of UT MEDICAL GROUP INC?
- The 990 for the year ended December 31, 2024 names Shannon Tacker.
- Who are the officers and directors of UT MEDICAL GROUP INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 12 received compensation from the organization, the highest $792,058 (MILTON RANDALL, PHYSICIAN).
- How much revenue does UT MEDICAL GROUP INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $85,488,061, expenses of $82,519,827 and total assets of $43,702,708 at year end.
Other nonprofits in MEMPHIS
- ST JUDE CHILDRENS RESEARCH HOSPITAL INC EIN 62-0646012 · last filed 990 for 2025
- METHODIST HEALTHCARE-MEMPHIS EIN 62-0479367 · last filed 990 for 2024
- BAPTIST MEMORIAL HOSPITAL EIN 62-0123940 · last filed 990 for 2025
- SHELBY COUNTY HEALTH CARE CORPORATION EIN 62-1113169 · last filed 990 for 2025
- METHODIST LEBONHEUR HEALTHCARE EIN 58-1454711 · last filed 990 for 2024
- BAPTIST MEMORIAL HEALTH CARE CORPORATION EIN 58-1521475 · last filed 990 for 2025
- BAPTIST MEMORIAL HOSPITAL - JONESBORO INC EIN 26-1214372 · last filed 990 for 2025
- BAPTIST MEMORIAL MEDICAL GROUP INC EIN 62-1545731 · last filed 990 for 2025