Spectrum Health System

Spectrum Health System Overview

Spectrum Health System is located in Grand Rapids, MI. The organization was established in 2014. 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 06/2019, Spectrum Health System employed 25,651 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes.

For the year ending 06/2019, Spectrum Health System generated $3.5b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $3.4b during the year ending 06/2019. While expenses have increased by 3.4% 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, Spectrum Health System has awarded 173 individual grants totaling $14,894,300. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE HEALTH, INSPIRE HOPE AND SAVE LIVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SPECTRUM HEALTH SYSTEM GROUP REFLECTS THE COMPOSITE INFORMATION AND OPERATIONS OF 15 TAX EXEMPT ENTITIES, INCLUDING 11 SEPARATELY LICENSED HOSPITALS, A SKILLED NURSING FACILITY, LONG-TERM ACUTE REHABILITATION AND HOME CARE, A MULTISPECIALTY PHYSICIAN GROUP, AND A CHARITABLE FOUNDATION. THE SPECTRUM HEALTH SYSTEM GROUP INCLUDES MORE THAN 175 SERVICE SITES, PHYSICIAN OFFICES AND OUTPATIENT LOCATIONS, PROVIDING CONVENIENT ACCESS TO SERVICES THROUGHOUT OUR 13-COUNTY SERVICE AREA. DURING THE FISCAL YEAR ENDED JUNE 30, 2019 THE SPECTRUM HEALTH INTEGRATED HEALTH SYSTEM PROVIDED NEARLY $467 MILLION IN COMMUNITY BENEFIT PROGRAMS TO WEST MICHIGAN. THE COMMUNITY BENEFIT ACTIVITIES INCLUDED HEALTH CLINICS, RESEARCH, DONATIONS, CHARITY CARE, BAD DEBTS RELATED TO CARING FOR THE UNINSURED AND UNDERINSURED, COSTS FOR GOVERNMENT PROGRAM PATIENTS, COMMUNITY PARTNERSHIP PROGRAMS, HEALTH PROFESSION EDUCATION, AND DISCOUNTED CARE UNDER HEALTHY MICHIGAN PLAN (UNDER 250% FEDERAL POVERTY LEVEL). SPECTRUM HEALTH HOSPITAL GROUP - SEE SCHEDULE O


SPECTRUM HEALTH MEDICAL GROUP - SEE SCHEDULE O


SPECTRUM HEALTH FOUNDATION - SEE SCHEDULE O


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Spectrum Health System Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Former President, Shmg
$0

Spectrum Health System Vendors

Vendor Name (Service)Compensation
Cross Country Staffing Inc
Staffing
$11,756,116
Visionpro Llc
Staffing
$33,973,799
Impact Advisors Llc
It Consulting
$8,011,705
Emergency Care Specialists
Medical Services
$7,582,626
West Michigan Shared Hospital Laundry
Laundry Services
$5,285,492
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$35,597,350
Investment income $10,730,166
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,850,694
Net Gain/Loss on Asset Sales $2,646,869
Net Income from Fundraising Events -$505,106
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,523,706,223

Spectrum Health System Grants Awarded

Over the last fiscal year, Spectrum Health System has awarded $2,359,034 in support to 35 organizations.

Grant RecipientAmount

SPECTRUM HEALTH SYSTEM

Org PageRecipient Profile

Grand Rapids, MI

PURPOSE: GENERAL SUPPORT

$426,028

CHERRY STREET HEALTH SERVICES

Org PageRecipient Profile

Grand Rapids, MI

PURPOSE: VISION & DENTAL CARE

$325,000

ACCESS OF WEST MICHIGAN

Org PageRecipient Profile

Grand Rapids, MI

PURPOSE: FOOD PANTRY ASSISTANCE FOR CHRONIC HEALTH CONDITIONS

$176,875

Grand Rapids, MI

PURPOSE: MEDICAL CARE SERVICES

$124,000

GRAND RAPIDS PUBLIC SCHOOLS

PURPOSE: HEALTH, SCIENCE & TECHNOLOGY PROGRAM FOR UNDERSERVED YOUTH

$123,333

HOME REPAIR SERVICES

Org PageRecipient Profile

Grand Rapids, MI

PURPOSE: FOOD AND NUTRITION EDUCATION THROUGH COMMUNITY FOOD CLUB

$110,000
View Grant Profile

Endowment Analysis

Beg. Balance$76,568,713
Earnings$1,792,632
Net Contributions$5,864,350
Other Expense$3,155,252
Ending Balance$81,070,443

Spectrum Health System Peer Organizations

Organization NameAssets
Bon Secours Mercy Health Inc
Cincinnati, OH
$1,032,037,001
Parkview Health System Inc
Fort Wayne, IN
$811,099,250
Aurora Health Care Inc
Milwaukee, WI
$935,373,922
Gundersen Lutheran Administrative Services Inc
La Crosse, WI
$771,144,528
University Hospitals Health System Inc
Shaker Heights, OH
$700,518,000
Aultman Health Foundation Group Return
Canton, OH
$837,107,189
Bhsh System
Grand Rapids, MI
$836,019,031
Mercy Health Partners
Muskegon, MI
$692,908,897
Inclusa Inc
Stevens Point, WI
$646,951,843
Froedtert & Community Health Inc
Milwaukee, WI
$675,461,810
Adena Health System
Chillicothe, OH
$566,176,672
Indiana University Health Arnett Inc
Indianapolis, IN
$519,461,146

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