University Physicians & Surgeons
Also known as Marshall Health
University Physicians & Surgeons reported $286.5 million in revenue and $280.6 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $92.48 went to program services, $7.52 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: 96.3% of the total. The highest compensation it reported for one person was $2,895,450 (PHYSICIAN). 409 people received more than $100,000 in reportable compensation. Revenue rose 19% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $281MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $287MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 92.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 2.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 96.3% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $2,895,450 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.03% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 409 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 0 of 11 | 100.0% |
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
FY2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2025 · 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 |
|---|---|---|---|---|
| PHYSICIAN Highest compensated employee | $0 | $2,839,633 | $55,817 | $2,895,450 |
| PHYSICIAN Highest compensated employee | $0 | $2,441,462 | $55,817 | $2,497,279 |
| PHYSICIAN Highest compensated employee | $0 | $2,049,811 | $55,817 | $2,105,628 |
| PHYSICIAN Highest compensated employee, 45.00 hrs/week | $1,935,061 | $0 | $20,700 | $1,955,761 |
| PHYSICIAN Highest compensated employee | $0 | $1,838,015 | $51,159 | $1,889,174 |
| DIRECTOR Director/trustee | $0 | $941,160 | $10,350 | $951,510 |
| DIRECTOR Director/trustee, 45.00 hrs/week | $907,098 | $0 | $20,700 | $927,798 |
| FORMER PRES. Officer | $0 | $865,245 | $46,043 | $911,288 |
409 people received more than $100,000 in reportable compensation from University Physicians & Surgeons (Part VII, line 2). Compensation of current officers, directors and key employees totaled $5.1M (Part IX, line 5).
7 filings since FY2020
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked| Filing | Revenue | Expenses | Programs | Net assets | Top pay |
|---|---|---|---|---|---|
| FY2025 ⓘ | $287M | $281M | 92.5% | $83M | $2,895,450 |
| FY2024 (3 mo.) ⓘ | $67M | $67M | 93.8% | $77M | $1,923,499 |
| FY2024 ⓘ | $261M | $250M | 94.5% | $76M | $1,923,499 |
| FY2023 ⓘ | $234M | $238M | 92.8% | $62M | $1,552,290 |
| FY2022 ⓘ | $227M | $217M | 91.2% | $64M | $1,341,255 |
| FY2021 ⓘ | $261M | $260M | 92.5% | $63M | $1,266,635 |
| FY2020 ⓘ | $241M | $241M | 92.5% | $56M | $1,298,070 |
Governance answers, as filed
FY2025 · 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–1b11 · 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 26Yes
- 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 14bNo
- Employees Part I, line 52,267
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| CHANGE HEALTHCARE Pt acc svcs | $550,705 |
| DAYFORCE INC Hr/payroll svcs | $449,467 |
| STINSON Legal svcs | $429,760 |
| SPARK CHANGE It svcs | $422,172 |
| WEATHERBY LOCUMS INC Mdcl staff svcs | $355,477 |
Individuals listed as contractors are left out. 19 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to University Physicians & Surgeons totaling $89,200 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from University Physicians & Surgeons's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for University Physicians & Surgeons, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 University Physicians & Surgeons spent in FY2025, $92.48 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- University of the Incarnate WordSan Antonio, TX · revenue $286M · programs 77.8% · FY2025
- Skidmore CollegeSaratoga Springs, NY · revenue $287M · programs 84.1% · FY2025
- Western University of Health SciencesPomona, CA · revenue $286M · programs 81.0% · FY2025
- Uc San Diego FoundationLA Jolla, CA · revenue $290M · programs 99.8% · FY2025
- Lincoln Memorial UniversityHarrogate, TN · revenue $285M · programs 75.9% · FY2025
All education charities · Largest charities in West Virginia
Questions people ask
How much of University Physicians & Surgeons's spending goes to programs?
In the fiscal year ending September 30, 2025, University Physicians & Surgeons reported that 92.5% of its $280.6 million in expenses went to program services, 7.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does University Physicians & Surgeons pay its top executive?
The largest total compensation University Physicians & Surgeons reported for one person in the fiscal year ending September 30, 2025 was $2,895,450, for the role of PHYSICIAN (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University Physicians & Surgeons get its money?
Of $286.5 million in revenue in the fiscal year ending September 30, 2025, 2.6% came from contributions and grants and 96.3% from program service revenue (Form 990, Part VIII).
Is University Physicians & Surgeons a registered charity?
The IRS lists EIN 55-0564945 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202602189349300935 · read the filing
- FY2024 (3 mo.): Form 990 for the 3-month short period ending September 30, 2024, object 202532279349303413 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511359349305176 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431359349302693 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349300543 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211369349300926 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131379349301773 · read the filing
All filings for EIN 55-0564945: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.