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The Association Of Chrmc And University Physicians

Children'S University Medical Group

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 911336707 ✦ Seattle, WA ✦ Designated as a 501(c)(3)

Overview

What is The Association Of Chrmc And University Physicians?

The Association of Chrmc and University Physicians, also known as Children's University Medical Group (CUMG), is a Washington state not-for-profit and federally tax-exempt corporation, founded in 1986 to support Seattle Children's Hospital (SCH) and the University of Washington School of Medicine (UWSOM) in carrying out their pediatric care, charitable, educational, and scientific missions. With approximately 776 faculty physicians from UWSOM, CUMG operates a multi-specialty physician group practice. These professionals provide clinical care services at Seattle Children's Hospital, UW Medicine facilities, and other approved sites. CUMG compensates employed physicians and covers operating expenses, while remaining revenues are held solely for the support of UW Medicine and Seattle Children's Hospital. CUMG is dedicated to assisting these institutions in providing clinical healthcare services to communities that would not otherwise have access to sufficient resources. CUMG's professional members offer primary, specialty, and subspecialty care, and contribute significantly to undercompensated and charity care.


Is The Association Of Chrmc And University Physicians legitimate?

The Association Of Chrmc And University Physicians is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Association Of Chrmc And University Physicians submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $5,290,335
Professional Fundraising Fees: $0
Other Salaries and Wages: $204,250,592

For more financial information, click here


What is the mission statement of The Association Of Chrmc And University Physicians?
Who is the CEO of The Association Of Chrmc And University Physicians?
What is the revenue of The Association Of Chrmc And University Physicians?
Who are the executives of The Association Of Chrmc And University Physicians and what are their salaries?

The average compensation at The Association Of Chrmc And University Physicians during 2022 was $263,573. There are 795 employees and 3 volunteers at The Association Of Chrmc And University Physicians.

Here are 23 key members and their salaries:


Where can I find the form 990 for The Association Of Chrmc And University Physicians?

Mission Statement of The Association Of Chrmc And University Physicians

The Association of CHMC and University Physicians, or CUMG, is a not-for-profit corporation established in 1986 to support the University of Washington School of Medicine (UWSOM) and Seattle Children's Hospital (SCH) in carrying out their pediatric patient care, charitable, educational, and scientific missions. The organization operates as a multi-specialty physician group practice, employing approximately 776 UWSOM faculty physicians.

CUMG's mission is grounded in an operating agreement between UW, SCH, and the association itself. Under this agreement, CUMG covers the operational expenses and compensates the employed physicians, with UWSOM directing how the professional members are paid. Any remaining revenues are held by CUMG for the sole support of UW Medicine and SCH. CUMG's primary role is to ensure the financial wellbeing of the partnership between the university and the hospital, enabling them to continue their essential work.

By assuming the financial burden, CUMG allows UWSOM and SCH to focus on their respective pediatric patient care, charitable, educational, and scientific missions. The association's dedication to these objectives has fostered a strong collaboration between the academic institution and the children's hospital, ultimately benefiting the healthcare services and research opportunities available to the public.

Impact

This information is meant to be a general summary of The Association Of Chrmc And University Physicians. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The Association of ChrMC and University Physicians, also known as Children's University Medical Group (CUMG), plays a vital role in supporting Seattle Children's Hospital (SCH) and the University of Washington School of Medicine (UWSOM) in their pediatric care, charitable, educational, and scientific missions. Through approximately 776 UWSOM faculty physicians, CUMG provides clinical health care services to pediatric patients at SCH, UW Medicine facilities, and other approved practice sites.

One of the significant impacts of CUMG is its provision of primary, specialty, and subspecialty clinical care to underserved communities, ensuring that these populations have access to essential medical services. The organization also undertakes a considerable amount of undercompensated and charity care, aligning with the charity care policy of the facilities where services are rendered.

By operating as a multi-specialty physician group practice and managing the billing and collection of clinical services, CUMG generates revenue to support UW Medicine and SCH. This revenue is essential for furthering the pediatric patient care, charitable initiatives, educational programs, and scientific research conducted by these institutions.

Overall, The Association of ChrMC and University Physicians has a direct and tangible impact on improving pediatric healthcare access, quality, and outcomes in the Seattle community and beyond.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,192,045
  • Program Service Revenue: $254,450,314
  • Gross Receipts: $263,345,872

    • Assets and Liabilities:
  • Total Assets: $48,500,359
  • Total Liabilities: $48,438,469
  • Net Assets: $61,890
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INSTITUTIONAL SUPPORT

    Revenue

    $175,058,631

    NET PHYSICIAN REVENUE

    Revenue

    $47,215,665

    MEDICAID REVENUE

    Revenue

    $28,676,707

    OTHER GOVT AGENCY REV

    Revenue

    $3,388,450

    BILLING SERVICES

    Revenue

    $110,861

    Organization Details

    Founding Year

    1986

    Principal Officer

    Niurka Vazquez

    Main Address

    4500 SANDPOINT WAY NE 100, SEATTLE, WA, 98105

    NTEE Category

    Code: E31 - Health

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