Hospital De La Concepcion Inc
- Assets
- $118.9m
- Revenue
- $92.9m
- Investments
- $0.0
- Employees
- 926
- Location
- San German, PR
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 66-0227304
Organization Overview
Hospital De La Concepcion Inc is located in San German, PR. The organization was established in 1946. 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 12/2021, Hospital DE LA Concepcion Inc employed 926 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Hospital DE LA Concepcion 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 12/2021, Hospital DE LA Concepcion Inc generated $92.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $82.7m during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION HAS THE MISSION TO PROVIDE HIGH QUALITY HEALTH CARE SERVICES WHICH SATISFY THE PHYSICAL AND SPIRITUAL NEEDS OF THE PATIENTS, IN ACCORDANCE WITH THE CHRISTIAN MORAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR ENDED DECEMBER 31, 2021 THE ORGANIZATION PROVIDED IN- PATIENT, OUT-PATIENT AND EMERGENCY SERVICES PRIMARILY TO RESIDENTS OF THE SOUTHWESTERN AREA OF PUERTO RICO. THE ORGANIZATION SERVICES CONSISTED OF 7,052 ADMISSIONS, 40,298 PATIENT DAYS, 5,838 PATIENT REHABILITATION DAYS AND 34,818 EMERGENCY VISITS,AMONG OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gustavo A Almodovar CEO | Officer | 40 | $545,695 |
Edgar Crespo Campos Administrato | Officer | 40 | $287,882 |
Lizmari Calderon Arce Finance Dire | Officer | 40 | $227,574 |
Vanessa M Cardona Rodriguez Associate Ad | Officer | 40 | $160,630 |
Marie Fe Ferrer Patient Acco | Officer | 40 | $150,018 |
Lydiannette Torres Rivera Pharmaceutic | Officer | 40 | $130,473 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
La Mar Construction Llc External Serv. | 12/30/21 | $3,923,106 |
Southwest Emergency Corporation Med. Services | 12/30/21 | $2,097,939 |
Fjl Radiology Med. Services | 12/30/21 | $1,772,966 |
Oxivida Corp External Servic | 12/30/21 | $1,156,790 |
Dr Juan Galloza Med. Services | 12/30/21 | $511,351 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $89,729,683 |
| Investment income | $387,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,444 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $92,905,006 |
| 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. | $2,782,807 |
| Compensation of current officers, directors, key employees. | $2,707,650 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,599,644 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $264,428 |
| Payroll taxes | $5,410,972 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $510,993 |
| Fees for services: Accounting | $46,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $696,956 |
| Advertising and promotion | $133,734 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $48,082 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $924,817 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,940,686 |
| Insurance | $1,116,764 |
| All other expenses | $448,841 |
| Total functional expenses | $82,699,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,367,293 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,434,202 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,168,624 |
| Prepaid expenses and deferred charges | $2,143,668 |
| Net Land, buildings, and equipment | $65,155,221 |
| Investments—publicly traded securities | $16,291,701 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,365,679 |
| Total assets | $118,926,388 |
| Accounts payable and accrued expenses | $17,833,855 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $17,707,542 |
| 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 | $7,116,018 |
| Total liabilities | $42,657,415 |
| Net assets without donor restrictions | $76,268,973 |
| 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 | $118,926,388 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hospital De La Concepcion Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Ascension Health Alliance St Louis, MO PURPOSE: Support hospital in Puerto Rico | $10,000 |
Ascension Health Alliance St Louis, MO PURPOSE: Support hospital in Puerto Rico | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mennonite General Hospital Inc Cidra, PR | $634,783,962 | $328,319,610 |
Hospital Auxilio Mutuo Inc San Juan, PR | $176,439,422 | $234,721,184 |
Hospital De La Concepcion Inc San German, PR | $118,926,388 | $92,905,006 |
Ryder Memorial Hospital Inc Humacao, PR | $33,920,487 | $48,860,156 |
Sociedad Espanola De Auxilio Mutuo Y Beneficencia De Puerto Rico San Juan, PR | $207,394,856 | $42,942,928 |
Hospital San Carlos Incorporado Moca, PR | $19,822,154 | $27,495,424 |
Hospital General De Castaner Inc Castaner, PR | $34,642,602 | $28,347,686 |
Liga Puertorriquena Contra El Cancer San Juan, PR | $38,669,713 | $26,629,150 |