Trihealth Inc
- Assets
- $1.4b
- Revenue
- $357.6m
- Investments
- $19.4m
- Employees
- 1,299
- Location
- Cincinnati, OH
- Founding
- 11/1995
- Data as of
- 06/2020
- EIN
- 31-1438846
Organization Overview
Trihealth Inc is located in Cincinnati, OH. The organization was established in 1995. As of 06/2021, Trihealth Inc employed 1,299 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trihealth 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, Trihealth Inc generated $357.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $369.0m during the year ending 06/2020. While expenses have increased by 8.8% 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, Trihealth Inc has awarded 216 individual grants totaling $11,691,689. 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 O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Groneman Former Key Employee | 40 | $3,170,144 | |
Mark Clement President/ceo | OfficerTrustee | 25 | $1,629,592 |
Gail Donovan Former Key Employee | 0 | $1,542,704 | |
Randy Curnow Jr President-Trihealth Pho | 0 | $784,014 | |
Andrew Devoe Asst Treasurer/cfo | Officer | 25 | $781,924 |
Kevin Joseph MD Chief Medical Officer | Officer | 25 | $762,578 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Catholic Healthcare Initiatives Clinical Engineering | 6/29/21 | $14,130,829 |
Pfs Group A/r Collections | 6/29/21 | $5,366,455 |
Lumeris Consulting | 6/29/21 | $6,000,000 |
Microsoft Corporation Software Licensing | 6/29/21 | $4,236,135 |
Firstsource Solutions Usa Llc Consulting | 6/29/21 | $4,509,037 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,494,530 |
| Investment income | $4,805,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,186 |
| Net Gain/Loss on Asset Sales | -$2,062,604 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $357,555,649 |
| 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. | $8,818,715 |
| Compensation to disqualified persons | $2,458,798 |
| Other salaries and wages | $114,960,859 |
| Pension plan accruals and contributions | $10,151,413 |
| Other employee benefits | $18,848,534 |
| Payroll taxes | $8,171,503 |
| Fees for services: Management | $153,000 |
| Fees for services: Legal | $6,530,300 |
| Fees for services: Accounting | $771,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $335,196 |
| Fees for services: Other | $78,075,483 |
| Advertising and promotion | $16,576,851 |
| Office expenses | $8,761,580 |
| Information technology | $28,277,855 |
| Royalties | $0 |
| Occupancy | $8,906,364 |
| Travel | $679,131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $246,439 |
| Interest | $1,454,658 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,479,560 |
| Insurance | $4,510,623 |
| All other expenses | $0 |
| Total functional expenses | $368,952,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $39,061,307 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,509,737 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,856,702 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,447,975 |
| Investments—publicly traded securities | $79,245,822 |
| Investments—other securities | $19,445,574 |
| Investments—program-related | $20,000,000 |
| Intangible assets | $2,118,750 |
| Other assets | $1,029,448,850 |
| Total assets | $1,357,132,386 |
| Accounts payable and accrued expenses | $73,887,800 |
| Grants payable | $0 |
| Deferred revenue | $6,648,686 |
| 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 | $82,113,442 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,387,777 |
| Total liabilities | $178,037,705 |
| 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 | $1,179,094,681 |
Grants Awarded
Over the last fiscal year, Trihealth Inc has awarded $1,343,027 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: GENERAL PURPOSES | $510,527 |
Cincinnati, OH PURPOSE: CRADLE CINCINNATI FUNDING | $250,000 |
Cincinnati, OH PURPOSE: M-HELP PROGRAM FUNDING | $200,000 |
Cincinnati, OH PURPOSE: PROJECT LIFT FUNDING | $100,000 |
Cincinnati, OH PURPOSE: GENERAL SUPPORT | $100,000 |
Washington, DC PURPOSE: GENERAL PURPOSES | $65,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Trihealth Inc has recieved totaling $12,080,743.
| Awarding Organization | Amount |
|---|---|
Bethesda Inc Cincinnati, OH PURPOSE: TO SUPPORT THE "TRIHEALTH WAY OF LEADING" INITIATIVE. | $5,000,000 |
Good Samaritan Hospital Foundation Of Cincinnati Cincinnati, OH PURPOSE: GENERAL SUPPORT & FUNDING OF TRIHEALTH WAY OF LEADING | $3,011,849 |
Bethesda Inc Cincinnati, OH PURPOSE: TO SUPPORT VARIOUS HEALTH INNOVATION PROGRAMS. | $2,382,820 |
Bethesda Foundation Inc Cincinnati, OH PURPOSE: TRIHEALTH WAY OF LEADING FUNDING & GENERAL SUPPORT | $1,686,074 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trihealth Inc Cincinnati, OH | $1,357,132,386 | $357,555,649 |
Premier Health Partners Dayton, OH | $62,759,053 | $5,801,930 |
Wright Center Medical Group Scranton, PA | $24,323,836 | $34,636,356 |
Cabin Creek Health Center Inc Dawes, WV | $16,739,555 | $25,667,095 |
Las Geriatric Care Services Inc Cranberry Township, PA | $1,975,261 | $7,159,487 |
1889-Chs Foundation Inc Johnstown, PA | $154,859,450 | $12,629,013 |