Washington University Medical Center
- Assets
- $15.0m
- Revenue
- $1.7m
- Investments
- $1.0m
- Employees
- 0
- Location
- Saint Louis, MO
- Founding
- 09/1967
- Data as of
- 06/2019
- EIN
- 23-7060605
Organization Overview
Washington University Medical Center is located in Saint Louis, MO. The organization was established in 1967. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington University Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2019, Washington University Medical Center generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2019. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND ASSIST ITS MEMBER ORGANIZATIONS IN PROVIDING HOSPITAL FACILITIES, PHYSICAL PROPERTIES, AND PROGRAMS APPROPRIATE FOR THE CARE AND TREATMENT OF PATIENTS, FOR THE CONTINUED ON SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPITAL AND MEDICAL PROGRAM SUPPORT
DEPRESSED PROPERTY ACQUISITION AND REVITALIZATION
COMMUNITY SERVICE PROJECTS - PROVISION OF FUNDING FOR LOCAL COMMUNITY CENTER AND OTHER LOCAL REDEVELOPMENT PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Liekweg Vice Chairman Member Of The Board | OfficerTrustee | 0.5 | $0 |
David Aplington Secretary Member Of The Board | OfficerTrustee | 1 | $0 |
Henry Webber Chairman Member Of The Board | OfficerTrustee | 2 | $0 |
Mary Corcoran Treasurer Member Of The Board | OfficerTrustee | 5 | $0 |
Brian Phillips Executive Director | Officer | 40 | $0 |
Melissa Rockwell-Hopkins Member Of The Board | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,520 |
| Investment income | -$216,683 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,827 |
| Net Gain/Loss on Asset Sales | $109,605 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,720,440 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $22,520 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $7,199 |
| Fees for services: Legal | $25,545 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $514,864 |
| Advertising and promotion | $0 |
| Office expenses | $28,416 |
| Information technology | $12,723 |
| Royalties | $0 |
| Occupancy | $73,977 |
| Travel | $7,467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $919 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $329,377 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,953,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,206,867 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $237,835 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,166,602 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $3,633,323 |
| Investments—other securities | $1,049,423 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,056 |
| Total assets | $14,975,114 |
| Accounts payable and accrued expenses | $185,579 |
| Grants payable | $0 |
| Deferred revenue | $702 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,254,847 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,402 |
| Total liabilities | $2,472,530 |
| Net assets without donor restrictions | $11,873,634 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $628,950 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $12,502,584 |
Grants Awarded
Over the last fiscal year, Washington University Medical Center has awarded $460,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
St Louis, MO PURPOSE: General Support and Security Initiatives | $205,000 |
Saint Louis, MO PURPOSE: General Support | $200,000 |
Saint Louis, MO PURPOSE: General Support and Planning Initiatives | $55,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Washington University Medical Center has recieved totaling $169,448.
| Awarding Organization | Amount |
|---|---|
Bjc Health System St Louis, MO PURPOSE: SUPPORT MEDICAL EDUCATION, RESEARCH, & PATIENT CARE NEEDS IN THE BJH COMMUNITIES | $139,429 |
American Medical Association Chicago, IL PURPOSE: INNOVATION GRANT AWARD | $30,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Endowment Analysis
| Beg. Balance | $3,674,928 |
| Earnings | $1,248,918 |
| Admin Expense | $2,882 |
| Other Expense | $180,000 |
| Ending Balance | $4,740,964 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicot Memorial Medical Center Lake Village, AR | $20,694,512 | $22,104,345 |
Livingston Hospital And Healthcare Services Inc Salem, KY | $11,764,039 | $22,423,570 |
Delta Memorial Hospital Dumas, AR | $19,360,595 | $24,048,672 |
Cumberland County Hospital Association Inc Burkesville, KY | $27,206,653 | $23,152,789 |
Alegent Health Mercy Hospital Corning, IA | $35,243,438 | $19,692,764 |
St Marys Warrick Hospital Inc St Louis, MO | $9,424,300 | $16,745,363 |
Community Hospital Of Staunton Staunton, IL | $32,595,948 | $20,788,343 |
St Vincent Clay Hospital Inc St Louis, MO | $12,816,129 | $21,118,417 |
Jennie M Melham Memorial Medical Center Inc Broken Bow, NE | $58,643,276 | $23,743,381 |
Genesis Medical Center Aledo Aledo, IL | $16,196,609 | $17,740,710 |
Macon County General Hospital Inc Lafayette, TN | $17,643,586 | $20,536,652 |
Antelope Memorial Hospital Neligh, NE | $29,095,684 | $21,690,516 |