Carilion Medical Center
- Assets
- $2.2b
- Revenue
- $1.8b
- Investments
- $770.4m
- Employees
- 9,777
- Location
- Roanoke, VA
- Founding
- 05/1980
- Data as of
- 09/2021
- EIN
- 54-0506332
Organization Overview
Carilion Medical Center is located in Roanoke, VA. The organization was established in 1980. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Carilion Medical Center employed 9,777 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carilion 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 09/2021, Carilion Medical Center generated $1.8b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $1.6b during the year ending 09/2021. While expenses have increased by 5.0% 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.
Since 2015, Carilion Medical Center has awarded 323 individual grants totaling $29,153,874. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE THROUGH OUR COMMITMENT TO A COMMON PURPOSE OF BETTER PATIENT CARE, BETTER COMMUNITY HEALTH, AND LOWER COST.
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 | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Earl Swensson Associates Inc Architectural Design Services | 9/29/21 | $9,844,320 |
Ge Medical Systems Equipment Maintenance | 9/29/21 | $8,541,975 |
Quest Diagnostics Laboratory Services | 9/29/21 | $26,156,435 |
F & S Building Innovations Inc Construction Services | 9/29/21 | $7,685,034 |
Qualivis Llc Temporary Staffing | 9/29/21 | $6,907,771 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $76,258 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $648,319 |
| Government grants | $51,677,152 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,328,081 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,729,810 |
| Total Program Service Revenue | $1,553,690,747 |
| Investment income | $22,158,025 |
| Tax Exempt Bond Proceeds | -$21,318 |
| Royalties | $0 |
| Net Rental Income | $5,103,218 |
| Net Gain/Loss on Asset Sales | $109,459,065 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,763,656,748 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,720,030 |
| Grants and other assistance to domestic individuals. | $50,007 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,124,620 |
| Compensation of current officers, directors, key employees. | $438,040 |
| Compensation to disqualified persons | $4,255,265 |
| Other salaries and wages | $577,112,384 |
| Pension plan accruals and contributions | $57,204,217 |
| Other employee benefits | $47,227,366 |
| Payroll taxes | $37,829,321 |
| Fees for services: Management | $197,133,174 |
| Fees for services: Legal | $115,471 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $66,835 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,306,907 |
| Fees for services: Other | $153,880,114 |
| Advertising and promotion | $402,283 |
| Office expenses | $19,271,750 |
| Information technology | $4,866,892 |
| Royalties | $0 |
| Occupancy | $26,536,365 |
| Travel | $1,500,092 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,062,124 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,366,206 |
| Insurance | $15,982,772 |
| All other expenses | $3,622,851 |
| Total functional expenses | $1,586,779,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,661 |
| Savings and temporary cash investments | $8,436,375 |
| Pledges and grants receivable | $607,573 |
| Accounts receivable, net | $310,756,552 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $905,337 |
| Inventories for sale or use | $12,695,949 |
| Prepaid expenses and deferred charges | $5,234,412 |
| Net Land, buildings, and equipment | $339,132,620 |
| Investments—publicly traded securities | $743,933,114 |
| Investments—other securities | $770,382,060 |
| Investments—program-related | $3,915,889 |
| Intangible assets | $50,216 |
| Other assets | $820,994 |
| Total assets | $2,196,887,752 |
| Accounts payable and accrued expenses | $252,433,479 |
| Grants payable | $645,000 |
| Deferred revenue | $134,997,227 |
| Tax-exempt bond liabilities | $457,853,734 |
| 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 | $338,954,043 |
| Total liabilities | $1,184,883,483 |
| Net assets without donor restrictions | $985,877,255 |
| Net assets with donor restrictions | $26,127,014 |
| 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 | $2,196,887,752 |
Grants Awarded
Over the last fiscal year, Carilion Medical Center has awarded $1,625,958 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
Roanoke, VA PURPOSE: Health collab operations | $300,000 |
Roanoke, VA PURPOSE: Community sponsorships | $300,000 |
Roanoke, VA PURPOSE: Program support | $264,675 |
Roanoke, VA PURPOSE: General support | $120,000 |
Roanoke, VA PURPOSE: Program support | $106,101 |
Roanoke, VA PURPOSE: Sponsorship | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Carilion Medical Center has recieved totaling $73,000.
| Awarding Organization | Amount |
|---|---|
Omega Medical Grants Association Rosemont, IL PURPOSE: FELLOWSHIP | $60,500 |
American Cancer Society Inc Kennesaw, GA PURPOSE: Patient Support | $12,500 |
Endowment Analysis
| Beg. Balance | $16,794,123 |
| Earnings | $4,146,435 |
| Net Contributions | $348,535 |
| Other Expense | $675,838 |
| Ending Balance | $20,613,255 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Carolina Health Greenville, NC | $372,124,980 | $578,861,650 |
Summit Medical Group Inc Erlanger, KY | $190,205,942 | $425,285,378 |
Fort Sanders Regional Medical Center Knoxville, TN | $273,614,041 | $362,235,984 |
Upmc Western Maryland Corporation Cumberland, MD | $700,315,252 | $389,297,426 |
Sentara Princess Anne Hospital Norfolk, VA | $369,930,510 | $308,894,271 |
Kentuckyone Health Medical Group Inc Louisville, KY | $34,581,254 | $84,338,188 |
Sentara Enterprises Norfolk, VA | $56,715,425 | $135,301,315 |
Takoma Regional Hospital Inc Johnson City, TN | $67,567,737 | $101,642,721 |
Halifax Regional Medical Center Inc Roanoke Rapids, NC | $82,510,666 | $101,675,102 |
The Outer Bank Hospital Inc Greenville, NC | $114,163,426 | $117,236,071 |
St Josephs Hospital Of Buckhannon Inc Buckhannon, WV | $76,723,048 | $91,224,270 |
Unc Rockingham Health Care Inc Eden, NC | $39,584,223 | $64,914,459 |