Christiana Care Health Services Inc
- Assets
- $4.2b
- Revenue
- $2.1b
- Investments
- $413.6m
- Employees
- 13,069
- Location
- Wilmington, DE
- Founding
- 09/1965
- Data as of
- 06/2020
- EIN
- 51-0103684
Organization Overview
Christiana Care Health Services Inc is located in Wilmington, DE. The organization was established in 1965. 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 06/2021, Christiana Care Health Services Inc employed 13,069 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christiana Care Health Services 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 06/2020, Christiana Care Health Services Inc generated $2.1b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $2.0b during the year ending 06/2020. While expenses have increased by 4.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION AS AN ORGANIZATION IS TO SERVE OUR NEIGHBORS AS EXPERT, CARING PARTNERS IN THEIR HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF PROFESSIONAL PATIENT CARE FOR THE HOSPITALS OF CHRISTIANA CARE - DURING THE FISCAL YEAR, RECORDED 343,601 PATIENT DAYS WITH AN APPROXIMATE FTE COUNT OF 3080. THE HOSPITALS OFFER A FULL SCOPE OF SERVICES WITH THE NEED OF THE POPULATION SERVED WITHOUT REGARD TO AGE, RACE OR ECONOMIC CIRCUMSTANCES.
PHARMACY - PROVIDED PHARMACY SERVICES FOR BOTH INPATIENTS AND OUTPATIENTS. DURING FISCAL 2021, 6,825,386 DOSES WERE ADMINISTERED WITH AN APPROXIMATE FTE COUNT OF 241.
OPERATING ROOM - PROVIDED BOTH INPATIENT AND OUTPATIENT SURGICAL PROCEDURES. IN FISCAL 2021, 34,200 CASES WERE PERFORMED, REQUIRING AN APPORXIMATE FTE COUNT OF 610.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice E Nevin MD President & CEO | OfficerTrustee | 44 | $1,788,006 |
Kenneth Silverstein MD Chief Physician Executive | Officer | 42 | $903,548 |
Paul K Davis MD Cardiac Surgeon | 45 | $860,383 | |
Kirk N Garratt MD Medical Director, Heart/vasc | 45 | $855,018 | |
Ray A Blackwell MD Chief Cardiac Surgery | 45 | $830,502 | |
Frederic T Harad MD Member | Trustee | 44 | $803,674 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Skanska Usa Building Construction Srvcs | 6/29/21 | $28,125,728 |
Whiting Turner Contracting Construction Srvcs | 6/29/21 | $26,627,257 |
Cerner Corporation It Services | 6/29/21 | $24,424,870 |
Construction Services Group Llc Construction Srvcs | 6/29/21 | $14,232,686 |
Disabatino Construction Co Construction Srvcs | 6/29/21 | $10,431,738 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,735,115 |
| Investment income | $36,323,222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,025,551 |
| Net Gain/Loss on Asset Sales | $66,520,887 |
| Net Income from Fundraising Events | $27,244 |
| Net Income from Gaming Activities | $11,538 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,082,181,952 |
| Statement of Expenses | |
|---|---|
| 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. | $12,858,684 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $961,323,479 |
| Pension plan accruals and contributions | $67,064,586 |
| Other employee benefits | $148,557,789 |
| Payroll taxes | $66,149,658 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,944,054 |
| Fees for services: Accounting | $515,032 |
| Fees for services: Lobbying | $230,460 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,662,278 |
| Fees for services: Other | $15,475,344 |
| Advertising and promotion | $7,065,337 |
| Office expenses | $8,454,861 |
| Information technology | $55,734,455 |
| Royalties | $0 |
| Occupancy | $15,643,983 |
| Travel | $2,829,206 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,794,478 |
| Interest | $6,463,784 |
| Payments to affiliates | $50,000 |
| Depreciation, depletion, and amortization | $107,521,423 |
| Insurance | $19,714,317 |
| All other expenses | $0 |
| Total functional expenses | $2,003,693,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $456,095,574 |
| Savings and temporary cash investments | $191,259,896 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $261,604,063 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,495,194 |
| Prepaid expenses and deferred charges | $22,701,944 |
| Investments—publicly traded securities | $1,374,617,289 |
| Investments—other securities | $413,623,323 |
| Investments—program-related | $0 |
| Intangible assets | $1,015,805 |
| Other assets | $327,647,426 |
| Total assets | $4,179,624,084 |
| Accounts payable and accrued expenses | $326,959,055 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $369,600,977 |
| 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 | $601,598,473 |
| Total liabilities | $1,298,158,505 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,881,465,579 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Christiana Care Health Services Inc has recieved totaling $405,483.
| Awarding Organization | Amount |
|---|---|
Trust U/A With David Flett Dupont The Charitable Fund Wilmington, DE PURPOSE: CHARITY | $351,814 |
Cystic Fibrosis Foundation Bethesda, MD PURPOSE: CF CARE CENTER | $27,067 |
Alliance For Clinical Trials In Oncology Foundation Chicago, IL PURPOSE: CANCER RESEARCH | $24,076 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $2,526 |
Endowment Analysis
| Beg. Balance | $62,232,483 |
| Earnings | $9,205,113 |
| Net Contributions | $993,569 |
| Other Expense | $3,861,858 |
| Ending Balance | $68,569,307 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Englewood Hospital And Medical Center A New Jersey Nonprofit Corp Englewood, NJ | $770,563,796 | $890,451,423 |
Inspira Medical Centers Inc Bridgeton, NJ | $1,997,035,403 | $960,599,521 |
Valley Hospital Inc Ridgewood, NJ | $2,214,086,950 | $1,000,529,103 |
Sinai Hospital Of Baltimore Inc Baltimore, MD | $642,141,254 | $936,777,270 |
Virtu-West Jersey Health System Inc Marlton, NJ | $2,706,789,713 | $1,000,808,483 |
Bayhealth Medical Center Inc Dover, DE | $1,592,804,671 | $861,509,299 |
Tower Health Reading, PA | $1,567,530,050 | $562,187,138 |
Pennsylvania Hospital Of The Univ Of Pennsylvania Health System Philadelphia, PA | $773,767,590 | $678,080,811 |
Johns Hopkins Bayview Medical Center Inc Baltimore, MD | $440,914,055 | $670,376,991 |
Kennedy University Hospital Inc Philadelphia, PA | $1,241,829,856 | $668,598,689 |