Bethesda Hospital Inc
- Assets
- $1.2b
- Revenue
- $686.3m
- Investments
- $55.7m
- Employees
- 3,980
- Location
- Cincinnati, OH
- Founding
- 10/1954
- Data as of
- 06/2020
- EIN
- 31-0537122
Organization Overview
Bethesda Hospital Inc is located in Cincinnati, OH. The organization was established in 1954. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Bethesda Hospital Inc employed 3,980 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethesda Hospital Inc 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 06/2020, Bethesda Hospital Inc generated $686.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $646.6m during the year ending 06/2020. While expenses have increased by 4.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bethesda Hospital Inc has awarded 140 individual grants totaling $4,887,985. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH STATUS OF THE PEOPLE WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE H
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Holbert MD Physician | 60 | $327,421 | |
Robert Kunkel MD Physician | 60 | $276,899 | |
Scott Woods MD Physician | 60 | $264,796 | |
Richard Okragly MD Physician | 60 | $257,500 | |
Michael Webb MD Physician | 60 | $237,532 | |
Danny Fischer MD Med Staff Pres-Bethesda | Trustee | 1 | $53,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Excess Insurance Insurance | 6/29/21 | $1,571,571 |
American Nursing Care Inc Nurse Staffing | 6/29/21 | $5,040,667 |
Preferred Lab Partners Llc Laboratory | 6/29/21 | $16,016,006 |
Catholic Health Initiatives Clinical Maintenance | 6/29/21 | $6,890,660 |
Tri-state Healthcare Laundry Laundry | 6/29/21 | $2,013,061 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,371,557 |
| Investment income | $2,584,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $950,705 |
| Net Gain/Loss on Asset Sales | $13,287,775 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $232,932 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $686,286,971 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,228,278 |
| Compensation to disqualified persons | $1,365,265 |
| Other salaries and wages | $231,033,406 |
| Pension plan accruals and contributions | $15,857,023 |
| Other employee benefits | $29,569,799 |
| Payroll taxes | $17,082,524 |
| Fees for services: Management | $16,298,332 |
| Fees for services: Legal | $3,338,289 |
| Fees for services: Accounting | $394,638 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $735,264 |
| Fees for services: Other | $36,387,876 |
| Advertising and promotion | $8,567,832 |
| Office expenses | $10,333,736 |
| Information technology | $10,846,007 |
| Royalties | $0 |
| Occupancy | $16,829,789 |
| Travel | $545,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $471,174 |
| Interest | $13,584,970 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,993,278 |
| Insurance | $3,126,640 |
| All other expenses | $0 |
| Total functional expenses | $646,600,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,345 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,763,771 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,979,659 |
| Prepaid expenses and deferred charges | $713,773 |
| Investments—publicly traded securities | $339,322,584 |
| Investments—other securities | $55,702,395 |
| Investments—program-related | $191,277,602 |
| Intangible assets | $33,773,623 |
| Other assets | $62,600,720 |
| Total assets | $1,219,368,332 |
| Accounts payable and accrued expenses | $68,822,855 |
| Grants payable | $0 |
| Deferred revenue | $125,782 |
| Tax-exempt bond liabilities | $552,391,459 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,044,046 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $52,661,864 |
| Total liabilities | $682,046,006 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $537,322,326 |
Grants Awarded
Over the last fiscal year, Bethesda Hospital Inc has awarded $628,033 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: GENERAL PURPOSES | $243,726 |
Cincinnati, OH PURPOSE: CRADLE CINCINNATI FUNDING | $119,350 |
Cincinnati, OH PURPOSE: M-HELP PROGRAM FUNDING | $95,480 |
Cincinnati, OH PURPOSE: GENERAL SUPPORT | $47,740 |
Cincinnati, OH PURPOSE: PROJECT LIFT FUNDING | $47,740 |
Washington, DC PURPOSE: GENERAL PURPOSES | $31,031 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bethesda Hospital Inc has recieved totaling $5,773,125.
| Awarding Organization | Amount |
|---|---|
Bethesda Foundation Inc Cincinnati, OH PURPOSE: GENERAL SUPPORT | $5,753,157 |
Matthew 25 Ministries Inc Cincinnati, OH PURPOSE: Humanitarian Aid | $10,651 |
Good Samaritan Hospital Foundation Of Cincinnati Cincinnati, OH PURPOSE: HOSPITAL PROGRAMS | $9,317 |
Endowment Analysis
| Beg. Balance | $3,742,157 |
| Earnings | $813,734 |
| Net Contributions | $1,000,130 |
| Ending Balance | $5,556,021 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Kettering College Miamisburg, OH | $1,728,903,615 | $1,055,020,178 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Covenant Medical Center Inc Saginaw, MI | $1,038,790,282 | $776,913,978 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |
Tower Health Reading, PA | $1,567,530,050 | $562,187,138 |
Cabell Huntington Hospital Inc Huntington, WV | $1,087,986,142 | $722,910,695 |
Allegiance Health Jackson, MI | $830,742,312 | $709,583,429 |
Pennsylvania Hospital Of The Univ Of Pennsylvania Health System Philadelphia, PA | $773,767,590 | $678,080,811 |
Indiana University Health Bloomingon Inc Indianapolis, IN | $990,966,337 | $700,343,585 |