Overview
What is Mcv Associated Physicians?
McV Associated Physicians, also known as MCV Physicians (MCVP), is a significant nonprofit organization based in Richmond, Virginia, employing a large workforce of 2741 individuals. This organization, which is exclusively beneficial to Virginia Commonwealth University (VCU), a tax-exempt institution, joined the VCU Health System on July 1, 2000. MCVP plays a vital role in the community by supporting the healthcare needs and furthering the academic mission of the VCU School of Medicine. The organization primarily functions to provide physicians and healthcare professionals to cater to the needs of the community. MCVP operates under the VCU Health System, which includes the only burn center and full-range cancer center in the area. The mission of this nonprofit is to make a difference in people's lives by addressing the community's healthcare needs and contributing to the educational goals of the VCU School of Medicine.
Official website here: www.vcuhealth.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 66% (Two-Star out of Four Star rating)
McV Associated Physicians has received a Two-Star rating from Charity Navigator, indicating a need for improvement in their accountability and finance practices. While they excel in certain areas such as having a well-maintained audit and oversight committee and a strong program expense ratio, the lack of independent board members raises concerns about governance and oversight.
The organization demonstrates good practices by having clear policies on conflicts of interest and whistleblower protections, as well as documenting board meeting minutes effectively. However, the absence of independent members on the board, which could provide valuable external oversight, is a significant limitation that has affected their overall score.
Additionally, McV Associated Physicians faces challenges with transparency, as they have not posted their tax forms on their website. Although they manage their program expenses well, their liabilities exceed their assets, which could indicate financial instability. Overall, while there are strengths in certain operational areas, the organization must address governance and transparency issues to enhance its accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Mcv Associated Physicians legitimate?
Mcv Associated Physicians is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mcv Associated 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $7,226,066
Professional Fundraising Fees: $0
Other Salaries and Wages: $430,786,484
For more financial information, click here
Official website here: www.vcuhealth.org
What is the mission statement of Mcv Associated Physicians?
McV Associated Physicians is an organization dedicated to supporting the healthcare requirements of the community and furthering the academic mission of the VCU School of Medicine. The mission of McV Associated Physicians is to provide healthcare professionals to address the needs of the community, as well as contribute to the educational objectives of the VCU School of Medicine. This tax-exempt entity, which became part of the VCU Health System in 2000, offers essential services and collaborates closely with various units of the VCU Health System and affiliated ambulatory care centers. McV Associated Physicians plays a crucial role in the region by operating the only burn center and full range cancer center.
Official website here: www.vcuhealth.org
What is the revenue of Mcv Associated Physicians?
Mcv Associated Physicians's revenue in 2023 was $632,316,187.
Official website here: www.vcuhealth.org
Who are the executives of Mcv Associated Physicians and what are their salaries?
The average compensation at Mcv Associated Physicians during 2023 was $135,608. There are 3230 employees at Mcv Associated Physicians.
Here are 17 key members and their salaries:
- Compensation: $482,846
- Related: $0
- Other: $40,291
- Compensation: $608,923
- Related: $51,450
- Other: $65,522
- Compensation: $278,567
- Related: $173,559
- Other: $85,222
- Compensation: $770,850
- Related: $107,492
- Other: $65,493
- Compensation: $220,783
- Related: $0
- Other: $26,864
- Compensation: $568,693
- Related: $180,449
- Other: $75,126
- Compensation: $409,768
- Related: $0
- Other: $41,150
- Compensation: $518,625
- Related: $101,743
- Other: $78,661
- Compensation: $186,580
- Related: $61,232
- Other: $49,012
- Compensation: $374,532
- Related: $40,671
- Other: $69,611
- Compensation: $93,791
- Related: $423,625
- Other: $79,841
- Compensation: $811,433
- Related: $312,669
- Other: $105,160
- Compensation: $1,000,168
- Related: $39,991
- Other: $62,558
- Compensation: $931,667
- Related: $78,719
- Other: $66,160
- Compensation: $1,019,721
- Related: $15,715
- Other: $65,493
- Compensation: $1,097,249
- Related: $51,483
- Other: $46,621
- Compensation: $911,802
- Related: $49,433
- Other: $73,274
Official website here: www.vcuhealth.org
Where can I find the form 990 for Mcv Associated Physicians?
Mcv Associated Physicians's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vcuhealth.org
Learn more at the official website: www.vcuhealth.org
Mission Statement of Mcv Associated Physicians
McV Associated Physicians, a tax-exempt organization under Internal Revenue Code section 170(C)(1), is dedicated to serving the healthcare needs of the community and supporting the academic mission of the Virginia Commonwealth University (VCU) School of Medicine. This organization, which became part of the VCU Health System on July 1, 2000, plays a crucial role in the region by providing essential services to and collaborating closely with the VCU Health System, including MCV Hospital, a division of MCV/VCU, and affiliated ambulatory care centers. McV Associated Physicians stands out as the only burn center and full-range cancer center in the area. By offering a team of physicians and healthcare professionals, this nonprofit organization contributes significantly to the wellbeing of the community, while also furthering the educational objectives of the VCU School of Medicine.
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Impact
October, 2024
MCV Associated Physicians plays a crucial role in enhancing healthcare accessibility and quality in the Richmond community. By supporting the healthcare needs of the population and the academic mission of the Virginia Commonwealth University (VCU) School of Medicine, MCVP ensures that residents have access to essential medical services.
The organization operates in conjunction with the VCU Health System, providing specialized care through facilities such as the only burn center and a comprehensive cancer center in the area. This direct support for critical health services underscores MCVP's commitment to both patient care and medical education. By recruiting and providing skilled physicians and healthcare professionals, MCVP bolsters the community's health while helping to train the next generation of medical practitioners, thus fostering an environment of innovation and excellence in healthcare delivery.
Through its integrated approach, MCV Associated Physicians significantly impacts the community's well-being, making vital healthcare services accessible to those in need and maintaining a high standard of medical education and practice in the region.
This information is meant to be a general summary of Mcv Associated Physicians. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $669,170
- Program Service Revenue: $585,483,106
- Gross Receipts: $632,982,598
Assets and Liabilities:
- Total Assets: $913,688,645
- Total Liabilities: $981,513,785
- Net Assets: -$67,825,140
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT SRVC REV
Revenue
$478,514,238
CONTRACT REV FROM MCV
Revenue
$81,244,474
OTHER CONTRACT REV
Revenue
$24,686,705
Consulting
Revenue
$1,037,689
Organization Details
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