The Johns Hopkins Health System Corporation
- Assets
- $2.4b
- Revenue
- $474.7m
- Investments
- $194.5m
- Employees
- 3,382
- Location
- Baltimore, MD
- Founding
- 12/1990
- Data as of
- 06/2020
- EIN
- 52-1465301
Organization Overview
The Johns Hopkins Health System Corporation is located in Baltimore, MD. The organization was established in 1990. 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 06/2020, Johns Hopkins Health System Corporation employed 3,382 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Johns Hopkins Health System Corporation generated $474.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $471.4m during the year ending 06/2020. While expenses have increased by 6.2% per year over the past 5 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 2015, Johns Hopkins Health System Corporation has awarded 79 individual grants totaling $44,634,751. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
JOHNS HOPKINS HEALTH SYSTEM CORPORATION PROVIDES CENTRALIZED MANAGEMENT OF A MULTI-HOSPITAL HEALTHCARE SYSTEM. IT IS A KEY COMPONENT OF JOHNS HOPKINS MEDICINE, A COLLABORATION WITH THE JOHNS HOPKINS UNIVERSITY SCHOOL OF MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald R Peterson Former President/trustee | 0 | $2,888,940 | |
Kevin W Sowers Msn RN Faa President/trustee | OfficerTrustee | 5 | $1,922,816 |
Redonda Miller Executive | 1 | $1,592,870 | |
G Daniel Shealer Jr Sr Vp/general Counsel & Assistant Sec | Officer | 5 | $1,485,470 |
Robert Kasdin Executive VP Of Finance | Officer | 30 | $1,379,960 |
Michael L Larson Sr VP Finance & CFO | Officer | 25 | $1,189,634 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Accenture Llp Consulting | 6/29/20 | $3,373,618 |
3m Health Information Systems Software/maintenance | 6/29/20 | $2,581,024 |
Gibson Dunn & Crutcher Llp Legal | 6/29/20 | $3,740,743 |
Pricewaterhouse Coopers Llp Accounting | 6/29/20 | $2,700,001 |
Deloitte Consulting Llp Consulting | 6/29/20 | $19,067,017 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $14,731,995 |
| Government grants | $4,500,383 |
| All other contributions, gifts, grants, and similar amounts not included above | $400,292 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,632,670 |
| Total Program Service Revenue | $329,730,600 |
| Investment income | $98,074,700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,814,194 |
| Net Gain/Loss on Asset Sales | $4,266,523 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $474,651,056 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,141,398 |
| 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. | $18,868,186 |
| Compensation of current officers, directors, key employees. | $18,868,186 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,331,089 |
| Pension plan accruals and contributions | $33,709,021 |
| Other employee benefits | $34,171 |
| Payroll taxes | $33,425,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,484,387 |
| Fees for services: Accounting | $2,935,525 |
| Fees for services: Lobbying | $63,584 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,103,928 |
| Advertising and promotion | $3,301,039 |
| Office expenses | $4,536,923 |
| Information technology | $13,753,052 |
| Royalties | $0 |
| Occupancy | $16,968,119 |
| Travel | $1,111,172 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $792,658 |
| Interest | $53,310,797 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,761,058 |
| Insurance | $53,685 |
| All other expenses | $1,930,179 |
| Total functional expenses | $471,411,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $487,843,208 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,085,471 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,572,930,240 |
| Inventories for sale or use | $780,605 |
| Prepaid expenses and deferred charges | $3,329,925 |
| Net Land, buildings, and equipment | $46,175,098 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $194,506,969 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,784,957 |
| Total assets | $2,389,436,473 |
| Accounts payable and accrued expenses | $104,927,099 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $631,690,480 |
| 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 | $1,138,193,000 |
| Other liabilities | $654,954,771 |
| Total liabilities | $2,529,765,350 |
| Net assets without donor restrictions | -$140,378,877 |
| Net assets with donor restrictions | $50,000 |
| 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 | $2,389,436,473 |
Grants Awarded
Over the last fiscal year, The Johns Hopkins Health System Corporation has awarded $5,014,697 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: PROMOTING & ADVANCING HEALTHCARE | $4,200,000 |
Baltimore, MD PURPOSE: SUPPORT HEALTH CARE PUBLIC CHARITY | $600,000 |
Hunt Valley, MD PURPOSE: SUPPORT HEALTH CARE PUBLIC CHARITY | $125,000 |
Baltimore, MD PURPOSE: COMMUNITY PROGRAM SUPPORT | $20,000 |
Baltimore, MD PURPOSE: PROGRAM SUPPORT | $15,000 |
Arlington, VA PURPOSE: COMMUNITY PROGRAM SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Johns Hopkins Health System Corporation has recieved totaling $17,543,276.
| Awarding Organization | Amount |
|---|---|
The Johns Hopkins Hospital Baltimore, MD PURPOSE: SUPPORT HEALTH CARE PUBLIC CHARITY | $7,906,495 |
Johns Hopkins Bayview Medical Center Inc Baltimore, MD PURPOSE: COMMUNITY OUTREACH | $4,600,000 |
Johns Hopkins Bayview Medical Center Inc Baltimore, MD PURPOSE: COMMUNITY OUTREACH | $4,600,000 |
Johns Hopkins Hospital Endowment Fund Incorporated Baltimore, MD PURPOSE: GENERAL OPERATIONS AND CAPITAL PROJECTS | $348,337 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: GENERAL SUPPORT | $39,607 |
Committee Of 100 Inc New York, NY PURPOSE: COVID 19 SUPPORT | $28,837 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valley Health System Winchester, VA | $1,549,813,292 | $971,556,673 |
Hh Medstar Health Inc Columbia, MD | $274,382,303 | $721,475,371 |
Geisinger System Services Danville, PA | $1,232,810,236 | $618,204,760 |
Virginia Hospital Center Arlington Health System Arlington, VA | $1,290,415,695 | $607,565,105 |
West Virginia University Medical Corporation Morgantown, WV | $214,506,096 | $531,045,841 |
Wellspan Health York, PA | $671,523,886 | $507,378,748 |
The Johns Hopkins Health System Corporation Baltimore, MD | $2,389,436,473 | $474,651,056 |
Wheeling Hospital Inc Wheeling, WV | $414,256,506 | $408,674,029 |
St Clair Health Corporation Pittsburgh, PA | $677,559,728 | $368,559,134 |
Carilion Services Inc Roanoke, VA | $938,637,589 | $302,052,496 |
Highmark Health Pittsburgh, PA | $520,915,329 | $331,096,827 |
Medstar Health Inc Columbia, MD | $4,670,764,797 | $275,133,645 |