Bhsh System
- Assets
- $2.0b
- Revenue
- $836.0m
- Investments
- $2.8m
- Employees
- 5,010
- Location
- Grand Rapids, MI
- Founding
- 03/2014
- Data as of
- 06/2019
- EIN
- 38-3382353
Bhsh System Overview
Bhsh System is located in Grand Rapids, MI. The organization was established in 2014. 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 06/2019, Bhsh System employed 5,010 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes.
For the year ending 06/2019, Bhsh System generated $836.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $760.1m during the year ending 06/2019. While expenses have increased by 5.0% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE HEALTH, INSPIRE HOPE AND SAVE LIVES IN THE COMMUNITIES WE SERVE BY PROVIDING ADMINISTRATIVE AND SUPPORTING SERVICES TO THE HEALTHCARE SYSTEM AFFILIATED ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECTRUM HEALTH SYSTEM PROVIDES COMMON MANAGEMENT OF THE NOT-FOR-PROFIT HEALTH CARE SYSTEM ACTIVITIES CARRIED ON BY SUPPORTED ORGANIZATIONS. THE SUPPORTED ORGANIZATIONS INCLUDE 14 SEPARATELY LICENSED HOSPITAL FACILITIES, MORE THAN 230 AMBULATORY AND SERVICE SITES, AND OVER 2,400 LICENSED BEDS SYSTEM-WIDE WITH FACILITIES THAT INCLUDE A MEDICAL CENTER, REGIONAL COMMUNITY HOSPITALS, A DEDICATED CHILDREN'S HOSPITAL, A MULTISPECIALTY MEDICAL GROUP, AFFILIATED PHYSICIANS AND A NATIONALLY RECOGNIZED HEALTH PLAN WITH OVER 825,000 MEMBERS.
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Bhsh System Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Bhsh System Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Change Healthcare Solutions It Consulting | 6/29/19 | $17,247,062 |
Leidos Health Llc It Consulting | 6/29/19 | $7,305,384 |
Sun Life Financial Financial Services | 6/29/19 | $6,987,206 |
Cognizant Technology Solutions It Consulting | 6/29/19 | $7,730,705 |
Deloitte Consulting Llp Consulting | 6/29/19 | $5,134,753 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $426,028 |
| Government grants | $24,000 |
| 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 | $450,028 |
| Total Program Service Revenue | $758,989,898 |
| Investment income | $32,615,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,963,408 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $836,019,031 |
| 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. | $16,203,339 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $333,774 |
| Other salaries and wages | $338,615,190 |
| Pension plan accruals and contributions | $16,604,162 |
| Other employee benefits | $45,962,016 |
| Payroll taxes | $26,004,900 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,871,301 |
| Fees for services: Accounting | $2,113,394 |
| Fees for services: Lobbying | $439,359 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,866,108 |
| Advertising and promotion | $28,049,713 |
| Office expenses | $32,721,893 |
| Information technology | $87,782,320 |
| Royalties | $0 |
| Occupancy | $24,632,215 |
| Travel | $3,635,558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,333,645 |
| Interest | -$627,720 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,429,488 |
| Insurance | $1,228,556 |
| All other expenses | $7,845,023 |
| Total functional expenses | $760,129,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,500 |
| Savings and temporary cash investments | $25,271,968 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $18,121 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,007,674 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,087,921 |
| Net Land, buildings, and equipment | $92,581,328 |
| Investments—publicly traded securities | $1,485,173,139 |
| Investments—other securities | $2,804,928 |
| Investments—program-related | $53,105,271 |
| Intangible assets | $8,143,725 |
| Other assets | $250,427,955 |
| Total assets | $1,972,623,530 |
| Accounts payable and accrued expenses | $135,935,181 |
| 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 | $59,344,271 |
| Other liabilities | $403,254,612 |
| Total liabilities | $598,534,064 |
| Unrestricted restricted net Assets | $1,374,089,466 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,374,089,466 |
Bhsh System Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bhsh System has recieved totaling $571,621.
| Awarding Organization | Amount |
|---|---|
First Steps Kent Grand Rapids, MI PURPOSE: PROGRAM ASSISTANCE | $571,621 |
Bhsh System Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bon Secours Mercy Health Inc Cincinnati, OH | $1,754,618,214 | $1,032,037,001 |
Parkview Health System Inc Fort Wayne, IN | $2,473,282,476 | $811,099,250 |
Aurora Health Care Inc Milwaukee, WI | $3,245,978,700 | $935,373,922 |
Gundersen Lutheran Administrative Services Inc La Crosse, WI | $1,013,495,709 | $771,144,528 |
University Hospitals Health System Inc Shaker Heights, OH | $4,606,270,000 | $700,518,000 |
Aultman Health Foundation Group Return Canton, OH | $410,133,378 | $837,107,189 |
Bhsh System Grand Rapids, MI | $1,972,623,530 | $836,019,031 |
Mercy Health Partners Muskegon, MI | $816,487,004 | $692,908,897 |
Inclusa Inc Stevens Point, WI | $114,460,594 | $646,951,843 |
Froedtert & Community Health Inc Milwaukee, WI | $2,857,726,016 | $675,461,810 |
Adena Health System Chillicothe, OH | $738,150,495 | $566,176,672 |
Indiana University Health Arnett Inc Indianapolis, IN | $475,189,520 | $519,461,146 |
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