Franciscan Alliance Inc
- Assets
- $5.6b
- Revenue
- $3.3b
- Investments
- $234.3m
- Employees
- 23,024
- Location
- Mishawaka, IN
- Founding
- 03/1946
- Data as of
- 12/2022
- 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 12/2022, Franciscan Alliance Inc employed 23,024 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 12/2022, Franciscan Alliance Inc generated $3.3b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $3.5b during the year ending 12/2022. While expenses have increased by 3.9% 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
2022
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 | $2,085,355 |
Giovanni Infusino MD Physician | 40 | $1,499,927 | |
Randall S Moore MD Sr VP Health&care/coo Amb Srvc | Officer | 40 | $1,431,388 |
Yameen Rashid DO Physician | 40 | $1,283,595 | |
Bassel Ericsoussi MD Physician | 40 | $1,168,255 | |
Jennifer P Marion Senior VP Finance, CFO | Officer | 40 | $1,351,614 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthtrust Workforce Solutions Llc Contract Labor | 12/30/22 | $121,634,314 |
Indiana Internal Medicine Consultan Physician Servicees | 12/30/22 | $49,762,903 |
Franciscan Surgery Center Llc Physician Services | 12/30/22 | $28,824,115 |
Lakeshore Bone And Joint Institute Physician Services | 12/30/22 | $14,919,871 |
Franciscan Lakeshore Asc Llc Physician Services | 12/30/22 | $14,147,868 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $6,327,920 |
| Government grants | $8,909,370 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,237,290 |
| Total Program Service Revenue | $3,199,875,561 |
| Investment income | $63,309,634 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,440,112 |
| Net Gain/Loss on Asset Sales | $7,263,136 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $57,974 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,290,069,821 |
| 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. | $12,116,572 |
| Compensation of current officers, directors, key employees. | $7,057,341 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,317,801,790 |
| Pension plan accruals and contributions | $92,060,968 |
| Other employee benefits | $149,217,229 |
| Payroll taxes | $88,467,996 |
| Fees for services: Management | $80,485,196 |
| Fees for services: Legal | $3,639,321 |
| Fees for services: Accounting | $1,626,870 |
| Fees for services: Lobbying | $307,360 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,839,999 |
| Advertising and promotion | $14,078,537 |
| Office expenses | $2,902,452 |
| Information technology | $48,572,109 |
| Royalties | $0 |
| Occupancy | $37,022,104 |
| Travel | $2,177,263 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,041,794 |
| Interest | $33,648,540 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171,566,732 |
| Insurance | $43,934,796 |
| All other expenses | $246,402,305 |
| Total functional expenses | $3,509,722,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $166,371,270 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $366,314,095 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $44,844,903 |
| Inventories for sale or use | $61,885,238 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,919,999,681 |
| Investments—publicly traded securities | $2,320,219,303 |
| Investments—other securities | $234,302,464 |
| Investments—program-related | $0 |
| Intangible assets | $13,894,895 |
| Other assets | $505,171,553 |
| Total assets | $5,633,003,402 |
| Accounts payable and accrued expenses | $261,153,477 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,104,094,668 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $92,274,512 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $499,495,979 |
| Total liabilities | $1,957,018,636 |
| Net assets without donor restrictions | $3,673,331,641 |
| Net assets with donor restrictions | $2,653,125 |
| 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 | $5,633,003,402 |