Mcv Associated Physicians
96% goes to programs $0 to raise $100 Thin reserves Growing revenue
Mcv Associated Physicians is a 501(c)(3) organization based in Richmond, Virginia, registered in 2024, with $632,316,187 in FY2022 revenue. CharityIndex grades it C+, and it directs about 96% of spending to programs.
7818 E Parham Rd, Richmond, VA, 23294 EIN 54-1581185 Since 2024
Revenue (FY2022)
$632.3M
▲ 10.5% vs prior year
Health median: $840K
Expenses (FY2022)
$731.7M
Net assets
-$159.7M
Employees
3,230
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating96% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Mcv Associated Physicians: 96% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -16% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mcv Associated Physicians: 0 mo reserves · -16% margin earns a D on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Mcv Associated Physicians: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mcv Associated Physicians: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
Supporting the healthcare needs of the community & the mission of the vcu school of medicine.
Contact & location
- Address
- 7818 E Parham Rd, Richmond, VA, 23294
- City
- Richmond
- State
- Virginia
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $292.6M (FY2013) to $632.3M (FY2022) across 10 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $1.9BNet assets -$159.7M
Operating margin
-15.7%
Spent more than it raised in the latest fiscal year.
Total assets
$1.7B
Total liabilities
$1.9B
Net assets
-$159.7M
Salaries & benefits
$529.0M
72% of expenses
Board members
8
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $632,316,187▲10.5% | $731,700,018▲5.0% | -$159,710,415▼135% | $1,741,033,119▲90.5% | 990 |
| 2021 | $572,404,350▲6.0% | $696,730,850▲16.0% | -$67,825,140▼175% | $913,688,645▲208% | 990 |
| 2020 | $539,983,630▲2.2% | $600,621,526▲17.9% | $90,095,497▼23.7% | $296,921,285▲23.2% | 990 |
| 2019 | $528,318,709▲13.1% | $509,534,603▲7.1% | $118,064,403▲23.7% | $240,909,782▼6.5% | 990 |
| 2018 | $467,163,359▲9.2% | $475,770,274▲4.0% | $95,447,058▼14.6% | $257,635,543▲26.5% | 990 |
| 2017 | $427,751,420▲3.8% | $457,532,921▲11.0% | $111,721,169▼16.1% | $203,593,190▲0.2% | 990 |
| 2016 | $412,124,512▲11.9% | $412,304,928▲14.7% | $133,181,376▲9.9% | $203,237,713▼17.0% | 990 |
| 2015 | $368,239,141▲15.0% | $359,549,822▲9.4% | $121,223,106▲0.9% | $244,970,838▲23.8% | 990 |
| 2014 | $320,232,614▲9.4% | $328,806,235▲9.8% | $120,086,914▼5.3% | $197,848,106▲2.9% | 990 |
| 2013 | $292,627,135 | $299,463,084▲13.1% | $126,840,313▼1.8% | $192,225,692▲10.4% | 990 |
| 2012 | — | $264,765,719▲9.4% | $129,101,641▲21.6% | $174,116,231▲17.5% | 990 |
| 2011 | — | $242,107,897▲10.8% | $106,128,832▲4.4% | $148,222,961▲6.7% | 990 |
| 2010 | — | $218,485,661▲7.2% | $101,635,004▲31.2% | $138,867,462▲16.4% | 990 |
| 2009 | — | $203,781,168 | $77,450,936 | $119,351,084 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2022)
Highest-paid: Michael Felman Md — $1,097,249 (0.15% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Felman Md | Plastic Surgeon | 60 | $1,097,249 |
| Mack Drake Md | General Surgeon | 40 | $1,019,721 |
| Brian Cameron Md | Neurosurgeon | 47 | $1,000,168 |
| Kenneth Ellenbogen Md | Cardiologist | 65 | $931,667 |
| Robert Graham Md | Neurosurgeon | 57 | $911,802 |
| Vigneshwar Kasirajan Md | Dept. Chair | 43 | $811,433 |
| Ann Fulcher Md | Director | 55 | $770,850 |
| Ralph Clark Md | President/chair (jun) | 64 | $608,923 |
| David Chelmow Md | Director | 45 | $568,693 |
| Harinder Dhindsa Md | Director | 40 | $518,625 |
| Darrell Griffith | Treas / Sec /coo | 60 | $482,846 |
| Evan Reiter Md | Director | 40 | $409,768 |
| Ramana Feeser Md | Director | 55 | $374,532 |
| Amelia Grover Md | Director (june) | 39 | $278,567 |
| Clark Clevenger Md | Director | 36 | $220,783 |
| Marieka Helou Md | Director | 39.5 | $186,580 |
| Stephen Kates Md | Director | 30 | $93,791 |
Top vendors & contractors (FY2022)
| Contractor | Services | Paid |
|---|---|---|
| Virginia Commonwealth University | Physician Service | $39,584,386 |
| Virtual Radiologic Corp | Radiology Services | $2,668,598 |
| Medstar Total Elder Care LLC | Elder Care | $2,541,206 |
| Weatherby Locums Inc | Physician Services | $1,274,817 |
| Healthcare Construction Management Inc | Construction | $1,146,756 |
Grants received · $466K total
14 grants to Mcv Associated Physicians totaling $466K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Muscular Dystrophy Association | Medical diagnosis | 2024 | $40,000 |
| Amyotrophic Lateral Sclerosis Assn | Annual clinic funding fy25 - va doh fund | 2024 | $25,000 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant payment fy24 center of excellence/research | 2023 | $50,000 |
| Muscular Dystrophy Association | Medical diagnosis | 2023 | $40,000 |
| Muscular Dystrophy Association | Medical diagnosis | 2022 | $35,000 |
| Muscular Dystrophy Association | Medical diagnosis | 2021 | $9,167 |
| Muscular Dystrophy Association | Medical diagnosis | 2020 | $30,000 |
| University of Kansas Medical Center Research Institute | Research | 2019 | $54,328 |
| Muscular Dystrophy Association | Medical diagnosis | 2019 | $30,000 |
| Muscular Dystrophy Association | Medical diagnosis | 2018 | $22,500 |
| Muscular Dystrophy Association | Medical diagnosis | 2017 | $30,000 |
| Muscular Dystrophy Association | Medical diagnosis | 2016 | $40,000 |
| Muscular Dystrophy Association | Medical diagnosis | 2015 | $40,000 |
| Muscular Dystrophy Association | Medical diagnosis | 2014 | $20,000 |
Grants made · $16.9M in FY2022
1 grant totaling $16.9M in FY2022. All grants made by Mcv Associated Physicians →
| Recipient | Purpose | Amount |
|---|---|---|
| Vcu School of Medicine | Academic and educational goals | $16,938,621 |
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Frequently asked questions
- Is Mcv Associated Physicians a legitimate nonprofit?
- Yes. Mcv Associated Physicians is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-1581185, based in Richmond, Virginia. Donations are tax-deductible.
- What is Mcv Associated Physicians's EIN?
- Mcv Associated Physicians's Employer Identification Number (EIN) is 54-1581185.
- How much revenue does Mcv Associated Physicians report?
- Mcv Associated Physicians reported $632,316,187 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- How much of Mcv Associated Physicians's spending goes to programs?
- Mcv Associated Physicians spends about 96% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mcv Associated Physicians have?
- CharityIndex grades Mcv Associated Physicians C+, based on program efficiency and fundraising cost.
- How much does Mcv Associated Physicians's highest-paid employee make?
- The highest reported compensation on Mcv Associated Physicians's latest Form 990 is $1,097,249, paid to Michael Felman Md (Plastic Surgeon).
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Data for Mcv Associated Physicians (EIN 54-1581185) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.