Ihc Health Services Inc
- Assets
- $15.2b
- Revenue
- $7.1b
- Investments
- $3.5b
- Employees
- 45,976
- Location
- Salt Lake City, UT
- Founding
- 12/1982
- Data as of
- 12/2020
- EIN
- 94-2854057
Organization Overview
Ihc Health Services Inc is located in Salt Lake City, UT. 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 12/2021, Ihc Health Services Inc employed 45,976 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ihc Health 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 12/2020, Ihc Health Services Inc generated $7.1b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $6.7b during the year ending 12/2020. While expenses have increased by 6.2% 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 2014, Ihc Health Services Inc has awarded 613 individual grants totaling $659,552,042. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
IHC HEALTH SERVICES, INC. ("HEALTH SERVICES") PROVIDED HIGH QUALITY HEALTHCARE THROUGH ITS SYSTEM OF 23 HOSPITALS (2,863 LICENSED BEDS) AND 397 CLINICS. IN ADDITION TO THE 137,388 INPATIENT ADMISSIONS, 519,361 EMERGENCY ROOM VISITS AND 3.4 MILLION CLINIC VISITS, HEALTH SERVICES PROVIDED MORE THAN $115 MILLION IN CHARITY CARE (AT COST) THROUGH MORE THAN 240,000 CASES. FOR A MORE DETAILED EXPLANATION OF THE ORGANIZATION'S PROGRAM SERVICE ACCOMPLISHMENTS IN 2021, SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Marc Harrison MD Trustee / Pres / CEO | OfficerTrustee | 55 | $4,164,346 |
Albert R Zimmerli Evp / CFO / Sec / Treas | Officer | 50 | $2,530,489 |
Robert W Allen Senior Vice President/coo | Officer | 50 | $2,048,879 |
Katherine Welkie Vice President | 50 | $1,629,943 | |
Timothy Yeatman MD Medical Director (partial Year) | 50 | $1,578,528 | |
Mark R Briesacher MD Senior Vice President | Officer | 50 | $1,524,016 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southwest Emergency Physicians Lc Medical | 12/30/21 | $14,426,978 |
R1 Rcm Inc Revenue Cycle Management | 12/30/21 | $206,724,624 |
Summit Physician Specialists Pc Medical | 12/30/21 | $48,674,126 |
Utah Valley Radiology Assoc Inc Medical | 12/30/21 | $20,182,350 |
Associated Regional And University Medical | 12/30/21 | $16,022,060 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $36,453,416 |
| Government grants | $252,711,678 |
| 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 | $289,165,094 |
| Total Program Service Revenue | $6,621,249,930 |
| Investment income | $116,999,826 |
| Tax Exempt Bond Proceeds | -$315,632 |
| Royalties | $0 |
| Net Rental Income | $7,442,082 |
| Net Gain/Loss on Asset Sales | $31,194,108 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,115,807,807 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $94,733,403 |
| Grants and other assistance to domestic individuals. | $6,270 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $34,362,419 |
| Compensation of current officers, directors, key employees. | $34,362,419 |
| Compensation to disqualified persons | $1,122,658 |
| Other salaries and wages | $2,751,430,006 |
| Pension plan accruals and contributions | $183,459,411 |
| Other employee benefits | $147,869,844 |
| Payroll taxes | $173,128,473 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,107,482 |
| Fees for services: Accounting | $879,882 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,332,426 |
| Fees for services: Other | $607,831,842 |
| Advertising and promotion | $30,835,243 |
| Office expenses | $80,023,968 |
| Information technology | $39,615,583 |
| Royalties | $0 |
| Occupancy | $161,352,567 |
| Travel | $9,452,335 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $841,159 |
| Interest | $102,599,356 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $388,948,325 |
| Insurance | $16,620,805 |
| All other expenses | $47,863,900 |
| Total functional expenses | $6,736,410,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,498 |
| Savings and temporary cash investments | $316,579,881 |
| Pledges and grants receivable | $6,593,229 |
| Accounts receivable, net | $844,706,644 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $26,177,462 |
| Inventories for sale or use | $193,831,568 |
| Prepaid expenses and deferred charges | $107,908,386 |
| Net Land, buildings, and equipment | $3,355,474,705 |
| Investments—publicly traded securities | $5,503,294,923 |
| Investments—other securities | $3,455,462,051 |
| Investments—program-related | $45,941,136 |
| Intangible assets | $454,317,120 |
| Other assets | $846,222,161 |
| Total assets | $15,156,658,764 |
| Accounts payable and accrued expenses | $604,080,658 |
| Grants payable | $0 |
| Deferred revenue | $153,419,495 |
| Tax-exempt bond liabilities | $2,709,432,056 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,609,421 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,817,718,939 |
| Total liabilities | $6,287,260,569 |
| Net assets without donor restrictions | $8,860,531,825 |
| Net assets with donor restrictions | $8,866,370 |
| 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 | $15,156,658,764 |
Grants Awarded
Over the last fiscal year, Ihc Health Services Inc has awarded $302,538,088 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: SUPPORT COMMUNITY HEALTH | $275,000,000 |
Lehi, UT PURPOSE: SUPPORT COMMUNITY HEALTH | $10,000,000 |
Salt Lake City, UT PURPOSE: SUPPORT COMMUNITY HEALTH | $6,068,023 |
Salt Lake City, UT PURPOSE: SUPPORT COMMUNITY HEALTH | $2,539,500 |
Salt Lake City, UT PURPOSE: SUPPORT COMMUNITY HEALTH | $540,000 |
UTAH LEAGUE OF CITIES AND TOWNS PURPOSE: SUPPORT COMMUNITY HEALTH | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Ihc Health Services Inc has recieved totaling $40,297,228.
| Awarding Organization | Amount |
|---|---|
Intermountain Healthcare Foundation Inc Salt Lake City, UT PURPOSE: HOSPITAL SUPPORT | $39,158,296 |
Intermountain Community Care Foundation Inc Salt Lake City, UT PURPOSE: SUPPORT SCHOOL AND COMMUNITY CLINICS | $1,101,000 |
Fred Hutchinson Cancer Research Center Seattle, WA PURPOSE: VACCINE AND INFECTIOUS DISEASE | $19,557 |
Susan G Komen Breast Cancer Foundation Dallas, TX PURPOSE: Research | $9,375 |
American Thrombosis And Hemostasisnetwork Inc Rochester, NY PURPOSE: DATA MANAGEMENT CAPACITY RESEARCH | $9,000 |
Endowment Analysis
| Beg. Balance | $485,981,427 |
| Earnings | $5,602,660 |
| Net Contributions | $350,948,101 |
| Other Expense | $40,729,134 |
| Grants | $3,115,721 |
| Ending Balance | $798,687,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Health System Ltd Boise, ID | $557,259,828 | $657,648,132 |
Centura Health Corporation Centennial, CO | $510,479,495 | $478,768,711 |
Banner-University Care Advantage Phoenix, AZ | $98,937,833 | $318,721,179 |
Scottsdale Healthcare Corp Scottsdale, AZ | $207,971,546 | $191,671,427 |
Renown Health Reno, NV | $1,033,752,208 | $203,266,795 |
The Colorado Health Foundation Denver, CO | $3,147,950,102 | $151,395,784 |
Taos Health Systems Inc Holy Cross Hospital Taos, NM | $42,845,347 | $91,459,696 |
Lower Valley Hospital Association Fruita, CO | $64,162,006 | $78,174,068 |
Southwest Health System Inc Cortez, CO | $66,730,739 | $73,002,542 |
Saint Alphonsus Health System Inc Boise, ID | $30,323,841 | $65,041,457 |
Diversus Health Inc Colorado Springs, CO | $69,056,645 | $59,817,758 |
Tmc Medical Network Tucson, AZ | $11,838,575 | $36,338,871 |