St Vincent Charity Medical Center
- Assets
- $64.6m
- Revenue
- $136.5m
- Investments
- $0.0
- Employees
- 1,329
- Location
- Cleveland, OH
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 34-0714756
Organization Overview
St Vincent Charity Medical Center is located in Cleveland, OH. The organization was established in 1946. 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 12/2021, St Vincent Charity Medical Center employed 1,329 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Vincent Charity 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 12/2021, St Vincent Charity Medical Center generated $136.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $152.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDER OF HEALTHCARE SERVICES
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Friedhoff George Physician | 50 | $537,611 | |
Cooper MD Kevin Physician | 50 | $359,354 | |
Hensley Leslie Director Of Support & Professional Services | 50 | $289,923 | |
Rauh Bradley Executive Director Strategic Projects | Officer | 50 | $263,386 |
Biscaro Michael Chief Clinical Officer | Officer | 50 | $230,847 |
Volenik Fiovdaliza Nurse Practitioner | 50 | $212,403 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cleveland Anesthesia Group Inc Healthcare Services | 12/30/21 | $2,478,117 |
Metz Culinary Management Inc Management Services | 12/30/21 | $774,977 |
Xtend Healthcare Llc Billing & Collection Services | 12/30/21 | $2,393,090 |
M&m Management & Consulting Management Services | 12/30/21 | $1,505,520 |
Physician Staffing Inc Healthcare Services | 12/30/21 | $729,341 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,228,770 |
| All other contributions, gifts, grants, and similar amounts not included above | $622,931 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,851,701 |
| Total Program Service Revenue | $131,586,738 |
| Investment income | $28,557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$60,801 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $136,529,420 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $2,920,557 |
| Compensation of current officers, directors, key employees. | $2,784,703 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,497,741 |
| Pension plan accruals and contributions | $1,790,299 |
| Other employee benefits | $5,913,305 |
| Payroll taxes | $3,856,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $126,392 |
| Fees for services: Accounting | $125,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,835,637 |
| Advertising and promotion | $416,904 |
| Office expenses | $6,421,321 |
| Information technology | $2,169,623 |
| Royalties | $0 |
| Occupancy | $4,634,589 |
| Travel | $56,710 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,897 |
| Interest | $296,367 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,424,516 |
| Insurance | $1,796,629 |
| All other expenses | $6,756,591 |
| Total functional expenses | $151,965,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,130 |
| Savings and temporary cash investments | $3,826,485 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,728,320 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,009,179 |
| Prepaid expenses and deferred charges | $2,072,264 |
| Net Land, buildings, and equipment | $25,396,928 |
| Investments—publicly traded securities | $11,090,694 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,504,414 |
| Total assets | $64,632,414 |
| Accounts payable and accrued expenses | $21,940,890 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $3,260,236 |
| Other liabilities | $20,441,124 |
| Total liabilities | $45,642,250 |
| Net assets without donor restrictions | $6,024,724 |
| Net assets with donor restrictions | $12,965,440 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $64,632,414 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that St Vincent Charity Medical Center has recieved totaling $726,764.
| Awarding Organization | Amount |
|---|---|
Walter W And Thelma M Born Foundation Columbus, OH PURPOSE: UPGRADE EQUIP. IN | $90,000 |
Everest Edwin Foundation Los Angeles, CA PURPOSE: RESEARCH | $79,750 |
Sisters Of Charity Foundation Of Cleveland Cleveland, OH PURPOSE: Collaborative Relationship & Community Efforts | $77,600 |
Elizabeth Severance Prentiss Foundation Pittsburgh, PA PURPOSE: GERIATRIC BEHAVIORAL HEALTH | $70,000 |
Elizabeth Severance Prentiss Foundation Pittsburgh, PA PURPOSE: HIRE 2 LICENSED | $60,000 |
Lucretia J Valentine Charitable Trust Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $55,690 |
Endowment Analysis
| Beg. Balance | $2,936,010 |
| Earnings | $224,824 |
| Admin Expense | $9,979 |
| Ending Balance | $3,150,856 |
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 |