Franciscan Alliance Inc
- Assets
- $6.5b
- Revenue
- $3.6b
- Investments
- $245.0m
- Employees
- 24,607
- Location
- Mishawaka, IN
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 35-1330472
Organization Overview
Franciscan Alliance Inc is located in Mishawaka, IN. The organization was established in 1946. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Franciscan Alliance Inc employed 24,607 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Franciscan Alliance 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 12/2021, Franciscan Alliance Inc generated $3.6b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $3.3b during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 7 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin D Leahy President And Trustee | OfficerTrustee | 40 | $2,076,038 |
Giovanni Infusino MD Physician | 40 | $1,420,109 | |
Jennifer P Marion Senior VP Finance, CFO | Officer | 40 | $1,342,454 |
Yameen Rashid DO Physician | 40 | $1,258,005 | |
James T Callaghan MD President/ceo - Central In | 40 | $1,229,455 | |
James Siegert DO Physician | 40 | $1,217,582 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthtrust Workforce Solutions Llc Contract Labor | 12/30/21 | $42,937,914 |
Mett Therapy Physical Therapy Svc | 12/30/21 | $6,050,769 |
Cardiac Surgery Associates Sc Physician Services | 12/30/21 | $8,791,833 |
Lakeshore Bone And Joint Institute Physician Services | 12/30/21 | $12,864,084 |
Northstar Anesthesia Of Il Llc Physician Services | 12/30/21 | $10,354,630 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,096,337 |
| Government grants | $61,032,782 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,946 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,245,065 |
| Total Program Service Revenue | $3,305,279,754 |
| Investment income | $224,386,177 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,744,120 |
| Net Gain/Loss on Asset Sales | -$3,905,720 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $57,763 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,598,454,885 |
| 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. | $14,207,821 |
| Compensation of current officers, directors, key employees. | $9,060,478 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,282,196,831 |
| Pension plan accruals and contributions | $98,153,514 |
| Other employee benefits | $154,522,851 |
| Payroll taxes | $84,962,124 |
| Fees for services: Management | $84,897,605 |
| Fees for services: Legal | $3,278,628 |
| Fees for services: Accounting | $1,565,054 |
| Fees for services: Lobbying | $376,673 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,696,660 |
| Advertising and promotion | $14,881,604 |
| Office expenses | $2,589,427 |
| Information technology | $52,041,922 |
| Royalties | $0 |
| Occupancy | $36,103,577 |
| Travel | $2,765,470 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $669,415 |
| Interest | $27,161,307 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $207,263,904 |
| Insurance | $39,070,995 |
| All other expenses | $168,041,142 |
| Total functional expenses | $3,313,588,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $206,084,693 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $419,550,537 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $24,470,648 |
| Inventories for sale or use | $64,196,064 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,901,936,236 |
| Investments—publicly traded securities | $3,212,596,703 |
| Investments—other securities | $244,959,859 |
| Investments—program-related | $0 |
| Intangible assets | $18,051,465 |
| Other assets | $433,923,344 |
| Total assets | $6,525,769,549 |
| Accounts payable and accrued expenses | $256,299,079 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,093,192,547 |
| 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 | $0 |
| Other liabilities | $814,826,914 |
| Total liabilities | $2,164,318,540 |
| Net assets without donor restrictions | $4,355,766,143 |
| Net assets with donor restrictions | $5,684,866 |
| 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 | $6,525,769,549 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Franciscan Alliance Inc has recieved totaling $93,309.
| Awarding Organization | Amount |
|---|---|
Crown Point Community Foundation Inc Crown Point, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $93,309 |
Endowment Analysis
| Beg. Balance | $1,878,415 |
| Earnings | $2,372 |
| Ending Balance | $1,880,787 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ssm Health Care Corporation St Louis, MO | $4,485,127,106 | $1,033,534,741 |
Parkview Health System Inc Fort Wayne, IN | $2,712,217,032 | $933,221,094 |
Gundersen Lutheran Administrative Services Inc La Crosse, WI | $1,235,621,372 | $953,342,080 |
Bjc Health System St Louis, MO | $5,456,592,622 | $1,155,105,032 |
Aurora Health Care Inc Milwaukee, WI | $4,608,404,718 | $666,695,867 |
Appalachian Regional Healthcare Inc Lexington, KY | $1,267,201,787 | $817,287,479 |
Inclusa Inc Stevens Point, WI | $163,276,844 | $696,118,730 |
Froedtert & Community Health Inc Milwaukee, WI | $2,857,726,016 | $675,461,810 |
Owensboro Health Regional Hospital Owensboro, KY | $1,685,340,581 | $709,904,993 |
Alexian Brothers Health System St Louis, MO | $397,387,025 | $531,298,685 |
Indiana University Health Arnett Inc Indianapolis, IN | $319,820,511 | $504,048,288 |
The Carle Foundation Urbana, IL | $3,268,207,661 | $555,725,730 |