Vanderbilt University Medical Center
- Assets
- $5.5b
- Revenue
- $6.4b
- Investments
- $62.1m
- Employees
- 33,651
- Location
- Nashville, TN
- Founding
- 05/2015
- Data as of
- 06/2022
- EIN
- 35-2528741
Organization Overview
Vanderbilt University Medical Center is located in Nashville, TN. The organization was established in 2015. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Vanderbilt University Medical Center employed 33,651 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vanderbilt University 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 06/2022, Vanderbilt University Medical Center generated $6.4b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.3% each year . All expenses for the organization totaled $6.2b during the year ending 06/2022. While expenses have increased by 39.9% 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.
Since 2016, Vanderbilt University Medical Center has awarded 1,434 individual grants totaling $465,563,845. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O, FORM 990, PART III, LINE 1
Describe the Organization's Program Activity:
PATIENT SERVICES - SEE SCHEDULE O FORM 990, PART III, LINE 4A
4D. OTHER PROGRAM SERVICES - OTHER PROGRAM SERVICES INCLUDE PUBLIC HEALTH SERVICE, ACADEMIC SUPPORT, INSTITUTIONAL SUPPORT, AND OTHER AUXILIARY SERVICES. VANDERBILT UNIVERSITY MEDICAL CENTER ENGAGES IN A VARIETY OF PUBLIC SERVICE PROJECTS, INCLUDING, BUT NOT LIMITED TO FORMULATING NEW APPROACHES TO INCREASE HEALTH, SAFETY, QUALITY AND OUTCOMES, WHILE DECREASING TOTAL COSTS; AND MANY OTHER SPONSORED COMMUNITY HEALTH AND EDUCATIONAL PROGRAMS. TO READ MORE ABOUT VUMC'S ROLE IN THE COMMUNITY, VISIT HTTPS://WWW.VANDERBILTHEALTH.COM/MAIN/38766
ACADEMIC AND SCIENTIFIC RESEARCH - SEE SCHEDULE O FORM 990, PART III, LINE 4B
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President And CEO | OfficerTrustee | 50 | $5,461,441 |
Name Not Listed Director (beginning July 1, 2021) | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cross Country Staffing Inc Temporary Labor Services | 6/29/22 | $52,976,859 |
Vanderbilt University Various Services | 6/29/22 | $175,845,639 |
Trimedx Inc Medical Equipment Servicing | 6/29/22 | $22,243,751 |
Messer Construction Co Construction Services | 6/29/22 | $22,038,637 |
American Foundation For Donation And Transplantation Medical Services | 6/29/22 | $16,090,351 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,323,067 |
| Related organizations | $0 |
| Government grants | $400,178,358 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,279,922 |
| Noncash contributions included in lines 1a–1f | $13,445,785 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $505,781,347 |
| Total Program Service Revenue | $5,830,205,703 |
| Investment income | $32,527,941 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $17,611,515 |
| Net Rental Income | $2,982,608 |
| Net Gain/Loss on Asset Sales | $8,861,455 |
| Net Income from Fundraising Events | -$169,598 |
| Net Income from Gaming Activities | $150,205 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,413,300,115 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $141,572,420 |
| Grants and other assistance to domestic individuals. | $34,295,235 |
| Grants and other assistance to Foreign Orgs/Individuals | $9,795,543 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $26,650,372 |
| Compensation of current officers, directors, key employees. | $15,772,113 |
| Compensation to disqualified persons | $230,084 |
| Other salaries and wages | $2,694,954,749 |
| Pension plan accruals and contributions | $86,935,620 |
| Other employee benefits | $328,018,988 |
| Payroll taxes | $167,542,459 |
| Fees for services: Management | $4,696,286 |
| Fees for services: Legal | $10,155,483 |
| Fees for services: Accounting | $1,737,438 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $655,909 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $488,833,484 |
| Advertising and promotion | $17,821,590 |
| Office expenses | $148,666,129 |
| Information technology | $103,734,445 |
| Royalties | $0 |
| Occupancy | $289,270,162 |
| Travel | $12,512,097 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,761,268 |
| Interest | $65,933,601 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172,999,109 |
| Insurance | $38,466,757 |
| All other expenses | $15,903,209 |
| Total functional expenses | $6,199,085,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,726,348 |
| Savings and temporary cash investments | $592,656,867 |
| Pledges and grants receivable | $134,252,521 |
| Accounts receivable, net | $753,916,631 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,650,887 |
| Inventories for sale or use | $134,367,172 |
| Prepaid expenses and deferred charges | $14,281,448 |
| Net Land, buildings, and equipment | $2,524,625,587 |
| Investments—publicly traded securities | $1,179,249,525 |
| Investments—other securities | $62,079,615 |
| Investments—program-related | $0 |
| Intangible assets | $27,028,333 |
| Other assets | $24,754,759 |
| Total assets | $5,527,589,693 |
| Accounts payable and accrued expenses | $939,548,391 |
| Grants payable | $0 |
| Deferred revenue | $11,054,149 |
| Tax-exempt bond liabilities | $770,180,383 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $866,475,027 |
| Unsecured mortgages and notes payable | $20,829,732 |
| Other liabilities | $999,233,564 |
| Total liabilities | $3,607,321,246 |
| Net assets without donor restrictions | $1,651,837,983 |
| Net assets with donor restrictions | $268,430,464 |
| 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 | $5,527,589,693 |
Grants Awarded
Over the last fiscal year, Vanderbilt University Medical Center has awarded $112,219,858 in support to 277 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF VERMONT PURPOSE: Research | $16,748 |
NORTHEASTERN UNIVERSITY PURPOSE: Research | $36,876 |
TRUSTEES OF BOSTON UNIVERSITY PURPOSE: Research | $332,099 |
MASSACHUSETTS EYE & EAR INFIRMARY PURPOSE: Research | $47,653 |
HARVARD MEDICAL SCHOOL PURPOSE: Research | $224,438 |
NEWTON WELLESLEY HOSPITAL PURPOSE: Research | $1,112,197 |