MCV Associated Physicians
Also known as McV Physicians
MCV Associated Physicians reported $632.3 million in revenue and $731.7 million in expenses for the fiscal year ending June 30, 2023. Of every $100 it spent, $96.27 went to program services, $3.73 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 92.6% of the total. The highest compensation it reported for one person was $1,229,262 (DEPT. CHAIR). 1,307 people received more than $100,000 in reportable compensation. Revenue rose 20% between FY2020 and FY2023. Source: Form 990, FY2023.
Where $100 of spending went
The fiscal year ending June 30, 2023 · Form 990, Part IX, line 25 · total expenses $732MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2023 · Form 990, Part VIII · total revenue $632MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2023 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 96.3% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.7% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 7.4% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 92.6% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,229,262 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.17% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 1,307 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -2.6 | 6.6 |
| Independent voting board members Part VI 1a–1b | 0 of 8 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2023 · Form 990, Part III · the three largest programs by expenseMcv Associated Physicians d/b/a Mcv Physicians (mcvp) is organized and operated exclusively for the benefit of virginia commonwealth university (vcu), a tax-exempt organization as described under internal revenue code (irc) section 170(c)(1). On july 1, 2000, mcvp became part of the vcu health system along with the mcv hospital authority. Mcvp serves as the only burn center and full range cancer center in the area. In support of the medical school, mcvp provides essential services to and works closely with the vcu health system - mcv hospital; a division of mcv/vcu and affiliated ambulatory…
Highest reported compensation
FY2023 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DEPT. CHAIR Key employee, 43.0 hrs/week | $811,433 | $312,669 | $105,160 | $1,229,262 |
| Plastic Surgeon Highest compensated employee, 60.0 hrs/week | $1,097,249 | $51,483 | $46,621 | $1,195,353 |
| NEUROSURGEON Highest compensated employee, 47.0 hrs/week | $1,000,168 | $39,991 | $62,558 | $1,102,717 |
| General Surgeon Highest compensated employee, 40.0 hrs/week | $1,019,721 | $15,715 | $65,493 | $1,100,929 |
| Cardiologist Highest compensated employee, 65.0 hrs/week | $931,667 | $78,719 | $66,160 | $1,076,546 |
| NEUROSURGEON Highest compensated employee, 57.0 hrs/week | $911,802 | $49,433 | $73,274 | $1,034,509 |
| DIRECTOR Director/trustee, 55.0 hrs/week | $770,850 | $107,492 | $65,493 | $943,835 |
| DIRECTOR Director/trustee, 45.0 hrs/week | $568,693 | $180,449 | $75,126 | $824,268 |
1,307 people received more than $100,000 in reportable compensation from MCV Associated Physicians (Part VII, line 2). Compensation of current officers, directors and key employees totaled $7.2M (Part IX, line 5).
4 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2023 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b8 · 0 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 53,230
Largest outside contractors
FY2023 · Form 990, Part VII, Section B · businesses only| VIRGINIA COMMONWEALTH UNIVERSITY Physician service | $39,584,386 |
| VIRTUAL RADIOLOGIC CORP Radiology services | $2,668,598 |
| MEDSTAR TOTAL ELDER CARE LLC Elder care | $2,541,206 |
| WEATHERBY LOCUMS INC Physician services | $1,274,817 |
| HEALTHCARE CONSTRUCTION MANAGEMENT INC Construction | $1,146,756 |
Individuals listed as contractors are left out. 47 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from MCV Associated Physicians's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for MCV Associated Physicians, you can publish a response that is linked from this page.
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Of every $100 MCV Associated Physicians spent in FY2023, $96.27 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Southern Ohio Medical CenterPortsmouth, OH · revenue $631M · programs 80.1% · FY2025
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- The William W Backus HospitalNorwich, CT · revenue $631M · programs 92.9% · FY2025
- Robert Packer HospitalSayre, PA · revenue $634M · programs 65.7% · FY2025
- New York Blood CenterRye, NY · revenue $629M · programs 75.2% · 2025
Questions people ask
How much of MCV Associated Physicians's spending goes to programs?
In the fiscal year ending June 30, 2023, MCV Associated Physicians reported that 96.3% of its $731.7 million in expenses went to program services, 3.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does MCV Associated Physicians pay its top executive?
The largest total compensation MCV Associated Physicians reported for one person in the fiscal year ending June 30, 2023 was $1,229,262, for the role of DEPT. CHAIR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does MCV Associated Physicians get its money?
Of $632.3 million in revenue in the fiscal year ending June 30, 2023, 7.4% came from contributions and grants and 92.6% from program service revenue (Form 990, Part VIII).
Is MCV Associated Physicians a registered charity?
The IRS lists EIN 54-1581185 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431359349308543 · read the filing · XML
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301339349301440 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241369349303634 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121359349301147 · read the filing
All filings for EIN 54-1581185: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.