Carilion Services Inc
- Assets
- $1.1b
- Revenue
- $382.6m
- Investments
- $125.0m
- Employees
- 2,465
- Location
- Roanoke, VA
- Founding
- 05/1982
- Data as of
- 09/2023
- EIN
- 54-1190879
Organization Overview
Carilion Services Inc is located in Roanoke, VA. The organization was established in 1982. 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 09/2023, Carilion Services Inc employed 2,465 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carilion 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 09/2023, Carilion Services Inc generated $382.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $376.0m during the year ending 09/2023. While expenses have increased by 6.0% 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
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/asst. Treasurer | OfficerTrustee | 42.5 | $988,973 |
Name Not Listed Director/treasurer/svp | OfficerTrustee | 44.5 | $409,821 |
Name Not Listed Director/president/ceo, Carilion Clinic | OfficerTrustee | 29 | $2,186,283 |
Name Not Listed Director | Trustee | 46 | $1,651,534 |
Name Not Listed Asst. Treasurer | Officer | 46.5 | $160,104 |
Name Not Listed Asst. Secretary | Officer | 46.5 | $61,128 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nordic Consulting Partners Inc Consulting Services | 9/29/23 | $7,930,215 |
Sirius Computer Solutions Inc Software Services | 9/29/23 | $6,538,647 |
Firstsource Solutions Usa Llc Software Services | 9/29/23 | $5,651,860 |
Epic Systems Corporation Software Services | 9/29/23 | $5,155,634 |
Evergreen Healthcare Partners Consulting Services | 9/29/23 | $4,845,117 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $114,878 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,738 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,616 |
| Total Program Service Revenue | $377,336,282 |
| Investment income | $4,588,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,091,926 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $382,602,553 |
| 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. | $9,486,516 |
| Compensation of current officers, directors, key employees. | $7,158,572 |
| Compensation to disqualified persons | $320,009 |
| Other salaries and wages | $167,863,770 |
| Pension plan accruals and contributions | $5,534,421 |
| Other employee benefits | $22,371,363 |
| Payroll taxes | $12,142,695 |
| Fees for services: Management | $1,524,479 |
| Fees for services: Legal | $902,757 |
| Fees for services: Accounting | $898,661 |
| Fees for services: Lobbying | $83,193 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,458,154 |
| Fees for services: Other | $49,984,853 |
| Advertising and promotion | $2,557,258 |
| Office expenses | $7,799,704 |
| Information technology | $50,243,435 |
| Royalties | $0 |
| Occupancy | $13,656,009 |
| Travel | $820,011 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,973 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,035,579 |
| Insurance | $3,204,607 |
| All other expenses | $3,516,181 |
| Total functional expenses | $376,025,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,070 |
| Savings and temporary cash investments | $18,585,409 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,621,907 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,048,110 |
| Prepaid expenses and deferred charges | $27,184,588 |
| Net Land, buildings, and equipment | $39,406,732 |
| Investments—publicly traded securities | $140,011,528 |
| Investments—other securities | $124,978,056 |
| Investments—program-related | $749,883,901 |
| Intangible assets | $0 |
| Other assets | $21,287,856 |
| Total assets | $1,131,010,157 |
| Accounts payable and accrued expenses | $87,721,360 |
| Grants payable | $69,091 |
| Deferred revenue | $641,164 |
| 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 | $0 |
| Other liabilities | $68,467,866 |
| Total liabilities | $156,899,481 |
| Net assets without donor restrictions | $974,110,676 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,131,010,157 |