Stormont-Vail Healthcare Inc
- Assets
- $1.1b
- Revenue
- $1.0b
- Investments
- $275.5m
- Employees
- 6,487
- Location
- Topeka, KS
- Founding
- 09/1934
- Data as of
- 09/2023
- EIN
- 48-0543789
Organization Overview
Stormont-Vail Healthcare Inc is located in Topeka, KS. The organization was established in 1934. 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 09/2023, Stormont-Vail Healthcare Inc employed 6,487 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stormont-Vail Healthcare 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 09/2023, Stormont-Vail Healthcare Inc generated $1.0b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $949.1m during the year ending 09/2023. While expenses have increased by 5.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WORKING TOGETHER TO IMPROVE THE HEALTH-CARE OF OUR COMMUNITY BY PROVIDING QUALITY SERVICES REGARDLESS OF RACE, CREED, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director/chair | OfficerTrustee | 3 | $0 |
Name Not Listed Director/secretary | OfficerTrustee | 3 | $0 |
Name Not Listed Director/vice Chair | OfficerTrustee | 3 | $0 |
Name Not Listed Vice Pres/cfo Treasurer - Ended 02/23 | OfficerTrustee | 47 | $669,642 |
Name Not Listed President CEO | OfficerTrustee | 47 | $1,638,170 |
Name Not Listed Vice President/cfo Treasurer - Started 02/23 | OfficerTrustee | 47 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kendall Construction Inc Construction | 9/29/23 | $20,595,174 |
Trimedx Inc Equip Maintenance | 9/29/23 | $7,638,154 |
Anesthesia Associates Anesthesia Phys Svc | 9/29/23 | $6,324,670 |
Senne & Company Inc Construction | 9/29/23 | $5,385,876 |
Sodexo Inc & Affiliates Support Svcs Mgt | 9/29/23 | $5,247,259 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $311,146 |
| Government grants | $17,379,176 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,823,122 |
| Total Program Service Revenue | $969,234,666 |
| Investment income | $12,340,066 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $653,158 |
| Net Gain/Loss on Asset Sales | $8,803,499 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,008,939,878 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $522,000 |
| 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. | $5,033,220 |
| Compensation of current officers, directors, key employees. | $968,619 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $478,531,993 |
| Pension plan accruals and contributions | $16,938,842 |
| Other employee benefits | $44,785,845 |
| Payroll taxes | $29,459,407 |
| Fees for services: Management | $2,130,959 |
| Fees for services: Legal | $415,030 |
| Fees for services: Accounting | $280,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,031,032 |
| Fees for services: Other | $47,050,846 |
| Advertising and promotion | $245,068 |
| Office expenses | $5,901,967 |
| Information technology | $21,412,460 |
| Royalties | $0 |
| Occupancy | $13,237,840 |
| Travel | $619,736 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $410,403 |
| Interest | $3,615,539 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,947,656 |
| Insurance | $4,009,753 |
| All other expenses | $3,388,502 |
| Total functional expenses | $949,139,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,694 |
| Savings and temporary cash investments | $72,461,950 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,217,978 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,879,513 |
| Prepaid expenses and deferred charges | $11,150,625 |
| Net Land, buildings, and equipment | $294,767,975 |
| Investments—publicly traded securities | $205,537,826 |
| Investments—other securities | $275,463,069 |
| Investments—program-related | $29,625,689 |
| Intangible assets | $1,437,500 |
| Other assets | $67,117,961 |
| Total assets | $1,101,675,780 |
| Accounts payable and accrued expenses | $113,070,972 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $173,884,250 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $222,034 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51,202,390 |
| Total liabilities | $338,379,646 |
| Net assets without donor restrictions | $762,892,092 |
| Net assets with donor restrictions | $404,042 |
| 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 | $1,101,675,780 |
Grants Awarded
Over the last fiscal year, Stormont-Vail Healthcare Inc has awarded $1,309,285 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GRACEMED PURPOSE: SUPPORT | $8,800 |
STORMONT VAIL FOUNDATION PURPOSE: SUPPORT | $1,066,759 |
KANSAS STATE UNIVERSITY PURPOSE: SUPPORT | $233,726 |