St Lukes Health System Corporation
- Assets
- $2.1b
- Revenue
- $108.1m
- Investments
- $115.6m
- Employees
- 2,699
- Location
- Houston, TX
- Founding
- 10/1997
- Data as of
- 06/2021
- EIN
- 76-0536232
Organization Overview
St Lukes Health System Corporation, operating under the name Chi St Luke's Health, is located in Houston, TX. The organization was established in 1997. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 06/2021, Chi St Luke's Health employed 2,699 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chi St Luke's Health 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 06/2021, Chi St Luke's Health generated $108.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $192.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Chi St Luke's Health has awarded 23 individual grants totaling $27,030,827. 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
TO NURTURE THE HEALING MINISTRY OF THE ROMAN CATHOLIC CHURCH BY BRINGING IT NEW LIFE, ENERGY AND VIABILITY IN THE TWENTY-FIRST CENTURY.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Mcginnis Former CFO Chi St. Luke's Health System | 0 | $1,100,595 | |
Theron Park Market President Chi St. Joseph Health | Officer | 50 | $793,976 |
Al Guevara President-Chi St. Luke's Health Brazosport (partia | 50 | $788,621 | |
Mark Teresi Former CFO Chi St. Luke's Health System | Officer | 20 | $625,246 |
James Parisi President-St. Luke Woodlands | 50 | $605,455 | |
Carolyn Quan Div VP Clinical Efficiency Utilization | 50 | $601,218 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Decode Digital Marketing Llc Digital Marketing Services | 6/29/21 | $8,255,953 |
Wynden Stark Llc Staffing And Recruiting Services | 6/29/21 | $1,120,079 |
Nucompass Mobility Relocation Management Services | 6/29/21 | $1,165,842 |
Innovaccer Inc Patient Record Services | 6/29/21 | $1,009,464 |
Heart Institute Of East Texas Physician Services | 6/29/21 | $5,277,037 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $200,146 |
| Government grants | $2,707,504 |
| 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 | $2,907,650 |
| Total Program Service Revenue | $90,913,747 |
| Investment income | $127,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,700 |
| Net Rental Income | $141,866 |
| Net Gain/Loss on Asset Sales | -$142,855 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,097,467 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $280 |
| 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. | $2,077,006 |
| Compensation of current officers, directors, key employees. | $830,802 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,818,213 |
| Pension plan accruals and contributions | $1,232,823 |
| Other employee benefits | $12,625,093 |
| Payroll taxes | $1,926,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,734,253 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,529,792 |
| Advertising and promotion | $9,801,657 |
| Office expenses | $3,739,629 |
| Information technology | $6,044,746 |
| Royalties | $0 |
| Occupancy | $4,370,921 |
| Travel | $249,917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100,219 |
| Interest | $12,652,908 |
| Payments to affiliates | $23,793,126 |
| Depreciation, depletion, and amortization | $34,768,072 |
| Insurance | $3,771 |
| All other expenses | $760,920 |
| Total functional expenses | $192,755,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,711,746 |
| Savings and temporary cash investments | $537,618 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,616,766 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,755,345 |
| Net Land, buildings, and equipment | $48,305,223 |
| Investments—publicly traded securities | $3,077,527 |
| Investments—other securities | $115,633,269 |
| Investments—program-related | $0 |
| Intangible assets | $14,556,491 |
| Other assets | $1,914,940,241 |
| Total assets | $2,125,134,226 |
| Accounts payable and accrued expenses | $203,856,429 |
| Grants payable | $0 |
| Deferred revenue | $3,836,557 |
| 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 | $750,799,808 |
| Total liabilities | $958,492,794 |
| Net assets without donor restrictions | $1,097,966,928 |
| Net assets with donor restrictions | $68,674,504 |
| 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 | $2,125,134,226 |
Grants Awarded
Over the last fiscal year, St Lukes Health System Corporation has awarded $9,749,604 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: PROGRAM SERVICE ASSISTANCE | $3,203,995 |
Houston, TX PURPOSE: PROGRAM SERVICE ASSISTANCE | $3,203,995 |
Houston, TX PURPOSE: PROGRAM SERVICE ASSISTANCE | $3,203,995 |
El Paso, TX PURPOSE: PROGRAM SERVICE ASSISTANCE | $20,000 |
Houston, TX PURPOSE: PROGRAM SERVICE ASSISTANCE | $20,000 |
Houston, TX PURPOSE: PROGRAM SERVICE ASSISTANCE | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Lukes Health System Corporation has recieved totaling $200,146.
| Awarding Organization | Amount |
|---|---|
St Lukes Foundation Houston, TX PURPOSE: PROGRAM SUPPORT | $200,146 |
Endowment Analysis
| Beg. Balance | $72,898,440 |
| Earnings | $14,695,673 |
| Net Contributions | $4,702,698 |
| Other Expense | $4,182,684 |
| Ending Balance | $88,114,127 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chronic Disease Fund Inc Frisco, TX | $131,490,550 | $323,239,436 |
St Lukes Health System Corporation Houston, TX | $2,125,134,226 | $108,097,467 |
Memorial Hermann Pharmacy Services Llc Houston, TX | $29,741,846 | $92,541,796 |
C H Wilkinson Physician Network Irving, TX | $18,493,293 | $55,946,217 |
Texas Medical Center Central Heat And Cooling Services Corp Houston, TX | $552,214,418 | $124,104,670 |
Childrens Hospital Anesthesia Corporation New Orleans, LA | $9,380,564 | $40,921,301 |
Special Health Resources For Texas Incorporated Longview, TX | $12,164,703 | $41,038,454 |
Southwest Texas Regional Advisory Council For Trauma San Antonio, TX | $14,124,309 | $34,120,331 |
Hidalgo Medical Services Lordsburg, NM | $24,918,182 | $25,217,740 |
Southeast Texas Regional Advisory Council Houston, TX | $4,089,891 | $16,447,154 |
The Preemptive Love Coalition Hewitt, TX | $18,071,135 | $12,206,645 |
Texas Health Medical Support Arlington, TX | $2,020,699 | $9,800,763 |