2012-05-04T11:41:49-05:00 2011-06-30 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2010-07-01 411843943 UNIVERSITY OF MINNESOTA PHYSICIANS UNIV 6128840695 720 WASHINGTON AVENUE SE NO 200 MINNEAPOLIS MN 55414 BRENT WILDE 6128840695 2012-03-27 6123764500 2010 2016-02-24 21:20:13Z UMPHYSICIANS BOBBI DANIELS MD 720 WASHINGTON AVENUE SE NO 200 MINNEAPOLIS MN 55414 373010439 0 X WWW.UMPHYSICIANS.ORG X 1996 MN TO PROVIDE THE HIGHEST QUALITY HEALTH CARE TO PATIENTS & THEIR FAMILIES. 25 5 1840 5 0 0 0 0 368449872 371938283 306684 1072156 0 0 368756556 373010439 0 33849958 0 0 245390150 268536566 0 0 0 118974854 66662621 364365004 369049145 4391552 3961294 125618221 130097423 63903767 64555342 61714454 65542081 X UNIVERSITY OF MINNESOTA PHYSICIANS IS A MULTI-SPECIALTY PHYSICIAN ORGANIZATION DEDICATED TO PROVIDING QUALITY, PATIENT FOCUSED CARE. WE SERVE AS THE INTEGRATED GROUP PRACTICE FOR THE UNIVERSITY OF MINNESOTA MEDICAL SCHOOL FULL-TIME FACULTY. COMMITTED TO OUR WORK EFFORTS TO ADVANCE MEDICAL KNOWLEDGE AND EDUCATION, WE SUPPORT THE RESEARCH AND EDUCATION MISSION OF THE MEDICAL SCHOOL. 0 0 329319835 33849958 371938283 PROVIDED MEDICAL DIAGNOSIS, TREATMENT, AND CARE FOR AREA RESIDENTS. SUPPORTED INSTRUCTION OF MEDICAL STUDENTS, INTERNS, AND RESIDENTS. SUPPORTED MEDICAL AND SCIENTIFIC RESEARCH. 329319835 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 1 0 0 1 170 0 1840 1 0 1 CJ 0 0 0 0 0 0 0 0 X 25 5 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MN X X KURT KAISER- UNIVERSITY OF MN PHYSICIAN 6128840695 720 WASHINGTON AVE SE SUITE 200 MINNEAPOLIS MN 55414 ELIZABETH ARENDT MD 40.00 X 450903 73498 80261 MACARAN BAIRD MD 40.00 X 12956 334530 52410 ERICK BOTHUN MD 40.00 X 395832 58653 63229 DENIS CLOHISY MD 40.00 X 277804 350454 113217 BOBBI DANIELS MD 40.00 X X 336442 235080 81312 MIKE DOUGHERTY 5.00 X 0 0 0 LEVI DOWNS MD 40.00 X 116031 197328 54824 AARON FRIEDMAN MD 40.00 X 148009 236083 64582 LEO FURCHT MD 40.00 X 389579 337928 99464 ED GREENO MD 40.00 X 204861 47247 41764 STEPHEN HAINES MD 40.00 X 297017 269148 90543 PETER HUTCHINSON 5.00 X 0 0 0 ABE JACOB MD 40.00 X 149045 56424 48318 KRISTINE JOHNSON 5.00 X 0 0 0 BADRINATH KONETY MD 40.00 X 177008 308216 94762 DANIEL LANDERS MD 40.00 X 693595 99340 61167 ELIZABETH MALKERSON 5.00 X 0 0 0 BLAINE MCGUIRE 5.00 X 0 0 0 WES MILLER MD 40.00 X 134530 169280 62457 JOSEPH NEGLIA MD 40.00 X 161784 136103 59691 WILLIAM PAYNE MD 40.00 X 225790 74614 59392 CARRIE TERRELL MD 40.00 X 163429 52659 38447 SELWYN VICKERS MD 40.00 X 202678 521656 92348 DAN WEISDORF MD 40.00 X 86142 197413 54401 BEVAN YUEH MD 40.00 X 152885 302486 92320 PATTI ARNOLD 40.00 X 324946 0 51754 BRENT WILDE 40.00 X 115530 0 23380 BILL BROWNE MD 40.00 X 140092 119730 42996 BARBARA GOLD MD 40.00 X 348237 56915 50336 DAVID ROTHENBERGER MD 40.00 X 169837 416664 77413 PETER LEE MD 40.00 X 749291 70409 55981 FERNANDO PENA MD 40.00 X 721442 37436 61438 JAY KRACHMER MD 40.00 X 619474 111402 69700 PATRICK MORGAN MD 40.00 X 684711 37179 61693 BRADY NELSON MD 40.00 X 684541 37160 77369 KURT KAISER 40.00 X 192349 0 58634 CHARLES DIETZ 40.00 X 355772 223471 84070 SCOTT MARSTON 40.00 X 502528 33732 74683 SAYEED IKRAMUDDIN 40.00 X 464164 46390 66077 JONATHAN BRAMAN MD 40.00 X 638587 33770 61662 GREGORY HELMER MD 40.00 X 704062 0 67303 ROBERT LAPRADE MD 40.00 X 219253 21367 58953 12411136 5303765 2448351 35 1 1 0 U OF M MEDICAL SCHOOL 420 DELAWARE ST MINNEAPOLIS MN 55455 CLINICAL/ACADEMIC 166584520 BLUE CROSS BLUE SHIELD PO BOX 64338 ST PAUL MN 55164 MEDICAL INSURANCE 17902270 FAIRVIEW PO BOX 1496 MINNEAPOLIS MN 55440 VARIOUS - TEMP HELP, OUTREACH 12259395 ONCOLOGY SUPPLY PO BOX 676554 DALLAS TX 75267 DRUGS AND MEDICATION 6315143 AON RISK SERVICES 150 2ND STREET SOUTHWEST PERHAM MN 56573 RISK MANAGEMENT 4550918 94 CONTRACT SERVICE REVEN 651110 194458269 194458269 PATIENT SERVICE REVENU 621110 176472126 176472126 MISCELLANEOUS REVENUE 621110 1007888 1007888 371938283 1072156 1072156 373010439 371938283 0 1072156 33849958 33849958 6603228 5393209 1210019 208180787 190836549 17344238 19148377 17408091 1740286 22784862 20641632 2143230 11819312 10706417 1112895 740682 230107 510575 143000 143000 18378706 13666647 4712059 928587 130615 797972 7157494 4618310 2539184 2035557 55767 1979790 7001561 5360702 1640859 161707 76300 85407 999332 959789 39543 4327920 1727550 2600370 4846079 4712001 134078 DEAN SUPPORT 7507994 7507994 MISCELLANEOUS EXPENSES 5734156 4738351 995805 BAD DEBT EXPENSE 3811000 3811000 MN CARE TAX 2888846 2888846 369049145 329319835 39729310 0 33836103 5041828 9685424 22226901 23943900 23834129 14600000 14600000 2175036 2366539 39208713 26993120 15981626 12215593 188889 188889 570644 613396 24636599 49010148 125618221 130097423 50347970 50999545 13555797 13555797 63903767 64555342 X 61714454 65542081 61714454 65542081 125618221 130097423 X 3961294 -133667 X 0 1 1 X 0 X 9223292 5566792 3656500 27255962 21426328 5829634 2729459 2729459 12215593 CONTRACTS RECEIVABLE 39287199 MISCELLANEOUS RECEIVABLE 2014822 INVESTMENT IN SUBSIDIARY 7708127 49010148 DEFERRED GAIN ON SALE OF ASSET 13555797 13555797 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION HAS ADOPTED GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE STANDARD REQUIRES AN ORGANIZATION TO DETERMINE WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION, ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION RECORDED NO ASSETS OR LIABLITIES RELATED TO UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS AS A RESULT OF THE ADOPTION OF THE STANDARD. FEDERAL RETURNS FOR THE YEARS 2008 TO 2010 REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS. 0 UNIVERSITY OF MINNESOTA LAND GRANT PUBLIC UNIVERSITY MINNEAPOLIS MN 55455 416007513 115 33849958 EDUCATION AND RESEARCH GRANTS 1 0 X X X 0 0 0 0 0 0 0 0 0 ELIZABETH ARENDT MD 286267 71317 161919 0 2717 2181 49000 10002 0 21259 499903 104759 0 0 MACARAN BAIRD MD 12692 224885 0 90189 264 19456 1650 31850 0 18910 14606 385290 0 0 ERICK BOTHUN MD 379580 56973 12743 0 3509 1680 31850 8470 0 22909 427682 90032 0 0 DENIS CLOHISY MD 150000 341703 124964 0 2840 8751 49000 41097 0 23120 326804 414671 0 0 BOBBI DANIELS MD 237500 217713 95000 0 3942 17367 36750 30684 0 13878 373192 279642 0 0 LEVI DOWNS MD 112727 35176 0 135574 3304 26578 14655 25131 0 15038 130686 237497 0 0 AARON FRIEDMAN MD 145990 189996 0 0 2019 46087 16059 31121 0 17402 164068 284606 0 0 LEO FURCHT MD 235307 294206 150255 0 4017 43722 49000 41097 0 9367 438579 388392 0 0 ED GREENO MD 200250 45846 2000 0 2611 1401 26292 6460 0 9012 231153 62719 0 0 STEPHEN HAINES MD 291475 222544 1634 0 3908 46604 36750 31850 0 21943 333767 322941 0 0 ABE JACOB MD 140361 31858 0 0 8684 24566 19038 6515 0 22765 168083 85704 0 0 BADRINATH KONETY MD 138961 182292 25000 119257 13047 6667 37961 31850 0 24951 214969 365017 0 0 DANIEL LANDERS MD 317971 58613 367214 37765 8410 2962 31850 13580 0 15737 725445 128657 0 0 WES MILLER MD 131737 113500 0 50411 2793 5369 17126 22677 0 22654 151656 214611 0 0 JOSEPH NEGLIA MD 137568 69377 0 60378 24216 6348 20744 17914 0 21033 182528 175050 0 0 WILLIAM PAYNE MD 184610 71787 37419 0 3761 2827 33304 10073 0 16015 259094 100702 0 0 CARRIE TERRELL MD 143933 37904 1200 0 18296 14755 20964 7320 0 10163 184393 70142 0 0 SELWYN VICKERS MD 200000 306210 0 207196 2678 8250 30000 31850 0 30498 232678 584004 0 0 DAN WEISDORF MD 84253 33946 0 139677 1889 23790 10953 26142 0 17306 97095 240861 0 0 BEVAN YUEH MD 150000 157250 0 123133 2885 22103 37500 31850 0 22970 190385 357306 0 0 PATTI ARNOLD 253689 0 47500 0 23757 0 36750 0 15004 0 376700 0 0 0 BILL BROWNE MD 96297 39369 39251 76569 4544 3792 17981 16414 0 8601 158073 144745 0 0 BARBARA GOLD MD 314780 39734 30000 15530 3457 1651 36750 8035 0 5551 384987 70501 0 0 DAVID ROTHENBERGER MD 162680 376590 3750 0 3407 40074 25355 31850 2600 17608 197792 466122 0 0 PETER LEE MD 724375 27794 20000 25000 4916 17615 31850 6460 0 17671 781141 94540 0 0 FERNANDO PENA MD 519851 36456 197574 0 4017 980 49000 5000 0 7438 770442 49874 0 0 JAY KRACHMER MD 615457 108163 0 0 4017 3239 31850 15258 0 22592 651324 149252 0 0 PATRICK MORGAN MD 308754 36201 373081 0 2876 978 49000 5000 0 7693 733711 49872 0 0 BRADY NELSON MD 424840 20540 254690 0 5011 16620 49000 5657 0 22712 733541 65529 0 0 KURT KAISER 181350 0 0 0 10999 0 30305 0 28329 0 250983 0 0 0 CHARLES DIETZ 190323 212070 146500 0 18949 11401 36750 29663 0 17657 392522 270791 0 0 SCOTT MARSTON 400000 32765 98511 0 4017 967 49000 4934 0 20749 551528 59415 0 0 SAYEED IKRAMUDDIN 452105 45043 7089 0 4970 1347 36750 6828 0 22499 500914 75717 0 0 JONATHAN BRAMAN MD 508872 32587 124975 0 4740 1183 49000 4997 0 7665 687587 46432 0 0 GREGORY HELMER MD 506960 0 189352 0 7750 0 49000 0 18303 0 771365 0 0 0 ROBERT LAPRADE MD 194661 15243 22765 0 1827 6124 49000 2435 0 7518 268253 31320 0 0 DAVID LAXSON MD FAMILY MEMBER TO OFFICER 758118 EMPLOYED CARDIOLOGIST 0 FORM 990, PAGE 3, PART IV, LINE 14A WHILE UMPHYSICIANS DID NOT MAINTAIN AN OFFICE OR EMPLOYEES OUTSIDE OF THE UNITED STATES, A SUBSIDIARY OF UMPHYSICIANS DID. HOWEVER, THIS SUBSIDIARY IS NOT INCLUDED AS PART OF THIS FORM 990. FORM 990, PART VI, SECTION A, LINE 7B THE BY-LAWS OF THE ORGANIZATION GRANT THE DEAN OF THE MEDICAL SCHOOL CERTAIN DECISION MAKING CAPABILITIES AS APPLICABLE. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY AT A BOARD MEETING BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS, AND EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM WHICH IS ANNUALLY REVIEWED BY MANAGEMENT AND OUTSIDE LEGAL COUNSEL IF NECESSARY. IF ANY OFFICER, DIRECTOR OR COMMITTEE MEMBER OF THE CORPORATION IS CONSIDERED TO HAVE CONFLICT OF INTEREST, THEY SHOULD GIVE THE BOARD OF THE CORPORATION NOTICE OF SUCH INTEREST OR RELATIONSHIOP AND SHALL THEREAFTER REFRAIN FROM VOTING OR OTHERWISE ATTEMPTING TO EXERT ANY INFLUENCE ON THE CORPORATION TO AFFECT ITS DECISION TO PARTICIPATE OR NOT PARTICIPATE IN SUCH TRANSACTION. THE INTERESTED OFFICER, DIRECTOR OR COMMITTEE MEMBER SHALL LEAVE ANY MEETING DURING ANY DISCUSSION OF A MATTER IN WHICH SUCH INDIVIDUAL IS CONSIDERED TO HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A FORMAL REVIEW PROCESS IN ITS HUMAN RESOURCE DEPARTMENT THAT UTILIZES A COMPENSATION DIRECTOR, COMPENSATION ANALYST WHO BENCHMARK AND REPORT LOCAL AND NATIONAL DATA AND SUGGEST GRADE LEVELS FOR COMMITTEE REVIEW. THE ORGANIZATION HAS AN EXECUTIVE COMPENSATION COMMITTEE THAT REPORTS DIRECTLY TO THE BOARD OF DIRECTORS. THE COMMITTEE INCLUDES COMMUNITY MEMBERS WHO ARE ENTIRELY EXTERNAL TO THE ORGANIZATION. IT ALSO USES COMPENSATION BENCHMARKING AND A FORMAL EMPLOYEE REVIEW PROCESS AS A GUIDE FOR SETTING AND REVIEWING COMPENSATION. THE LAST REVIEW, CONDUCTED BY EXTERNAL CONSULTANTS, WAS COMPLETED DURING 2009 AND WHILE REVIEWS ARE DONE EACH YEAR, EXTERNAL REVIEWS ARE PERFORMED APPROXIMATELY EVERY TWO YEARS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC FOR VIEWING AT THE MAIN OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PAGE 10, PART IX, LINE 1 UMPHYSICIANS MAKES VOLUNTARY TRANSFERS TO THE UNIVERSITY OF MINNESOTA MEDICAL SCHOOL TO SUPPORT RESEARCH, EDUCATION AND CLINICAL EXPENSES. BECAUSE THESE TRANSFERS ARE VOLUNTARY, THEY HAVE BEEN REPORTED ON PART IX, LINE 1 AS GRANTS. THEY HAVE ALSO BEEN REPORTED ON SCHEDULE I AS GRANTS. THIS IS A CHANGE FROM PREVIOUS YEARS 990'S WHERE THESE TRANSFERS HAVE BEEN REPORTED AS OTHER EXPENSES. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -133,667. UMPHYSICIANS MANAGEMENT COMPANY LLC 720 WASHINGTON AVE SE 200 MINNEAPOLIS MN 55414 273661692 MANAGEMENT MN 0 758028 N/A UNIVERSITY OF MINNESOTA 1425 UNIVERSITY AVENUE SE MINNEAPOLIS MN 55455 416007513 LAND GRANT,PUBLIC UNIVERSITY MN 115 N/A 0 UNIVERSITY OF MINNESOTA PHYSICIANS ASSURANCE COMPANY BUCKINGHAM SQUARE720 WEST BAY ROAD GRAND CAYMAN CJ 980445809 SELF-INSURANCE CJ UNIVERSITY OF MINNESOTA PHYSICIANS C 3711266 11460865 1.00000 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 UNIVERSITY OF MINNESOTA PHYSICIANS ASSURANCE COMPANY Q 3108200 ACTUAL COST