University Medical Service Association Inc.

69%

Two-Star Charity

Impact & Measurement

Accountability & Finance

Culture & Community

Leadership & Adaptability

University Medical Service Association Inc.

Is this your nonprofit?

501(c)(3) organization

Donations are tax-deductible

URL not available

12901 BRUCE B DOWNS BLVD FA MDC6

Tampa FL 33612-4742

813-974-2120

Tampa FL | IRS ruling year: 1975 | EIN: 23-7313346

An EIN is a unique nine-digit number that identifies a business for tax purposes.

Organization Mission

SUPPORT THE UNIVERSITY OF SOUTH FLORIDA'S COLLEGE OF MEDICINE IN RESEARCH AND EDUCATION.

Rating Information

Needs Improvement

This charity's score is 69%, earning it a Two-Star rating.

This overall score is calculated entirely from a single beacon score, weighted as follows: 100% Accountability & Finance. Learn more about our criteria and methodology.

Historical Ratings

Proceed with Increased Caution - Confirmed Embezzlement

On August 17, 2021, The Washington Post reported on a material diversion of assets confirmed to have taken place at [CHARITY NAME] in an article titled, "An employee embezzled $12.8 million from a medical school’s nonprofit. He spent most of it at one adult site.." For more information regarding this matter, please see The Washington Post article.

On July 6, 2023, WFLA published an article titled "USF attorneys track money trail from former accountant to his family in $12.8M civil lawsuit." For more information, please see WFLA article

For more information about our alerts methodology, see here.

Accountability & Finance

Score

69

Most Recent Fiscal Year:
FY 2022

This beacon provides an assessment of a charity's financial health (financial efficiency, sustainability, and trustworthiness) and its commitment to governance practices and policies.

Learn more

Key Accountability Metrics

Full Credit

Partial Credit

No Credit

Majority Independent Board Members - 10% independent members

0 out of 8 points

Independent Board Size - 1 independent members

0 out of 7 points

Financial Statements - Audit and Oversight Committee

15 out of 15 points

Total Revenue Amount	Expectation to Receive Credit
$2 million or higher and 40% or higher donor support	Expected to complete an audit and have an audit oversight committee
$1 million or higher	Expected to complete an audit
$500,000 - $1 million	Expected to complete an audit, review, or compilation
Less than $500,000	No expectation (removed from scoring methodology)

Material Diversion of Assets - None

10 out of 10 points

Tax Form Disclosures and Policies

Full Credit

Partial Credit

No Credit

Website Listed on Tax Form - Missing

0 out of 2 points

Conflict of Interest Policy - Listed

4 out of 4 points

Whistleblower Policy - Listed

4 out of 4 points

Document Retention and Destruction - Listed

4 out of 4 points

Documents Board Meeting Minutes - Yes

2 out of 2 points

Website Disclosures

Full Credit

Partial Credit

No Credit

Tax Form Posted on Nonprofit's Website - Missing

0 out of 4 points

Financial Metrics

Full Credit

Partial Credit

No Credit

Liabilities to Assets: Ratio - 57.88%

9 out of 15 points

Program Expense: Ratio - 66.76%

21 out of 25 points

Additional Information

Total Revenue and Expenses - Data Available

Salary of Key Persons - Data Available

IRS Published Data (Business Master File) - Data Available

Data Sources (IRS Forms 990) - Data Available