Alverno Provena Hospital Laboratories Inc
- Assets
- $27.3m
- Revenue
- $191.6m
- Investments
- $8.9m
- Employees
- 0
- Location
- Hammond, IN
- Founding
- 04/2006
- Data as of
- 12/2021
- EIN
- 20-3238867
Organization Overview
Alverno Provena Hospital Laboratories Inc is located in Hammond, IN. The organization was established in 2006. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alverno Provena Hospital Laboratories 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, Alverno Provena Hospital Laboratories Inc generated $191.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $191.6m during the year ending 12/2021. While expenses have increased by 5.1% 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
BRINGING CHRIST'S MINISTRY TO THOSE WE SERVE THROUGH TIMELY HIGH-QUALITY LAB TESTING TO OUR 25 NOT-FOR-PROFIT HOSPITALS AND AFFILIATES LOCATED THROUGHOUT ILLINOIS AND INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALVERNO PROVENA HOSPITAL LABORATORIES, INC.'S (APHL) PRIMARY FUNCTION IS TO PROVIDE LABORATORY TESTING SERVICES TO ITS TWENTY-FIVE (25) AFFILIATED NOT-FOR-PROFIT HOSPITALS AND AFFILIATES LOCATED THROUGHOUT ILLINOIS AND INDIANA. THE ORGANIZATION MAINTAINS A STRATEGIC PLAN THAT IS STRUCTURED ON THE FOLLOWING FIVE AREAS: STEWARDSHIP, PEOPLE, SERVICE, GROWTH, AND QUALITY. (CONTINUED IN SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Gryzbek Chair | OfficerTrustee | 1 | $0 |
Doug Carter Vice Chair | OfficerTrustee | 1 | $0 |
Samuel C Terese Ceo/president | Officer | 32 | $0 |
Steven G Wojnicki VP Finance | Officer | 32 | $0 |
Bernard H Henry VP Human Resources | Officer | 32 | $0 |
Mark Fritsch MD Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Professional Clinical Laboratories Llc Lab & Management | 12/30/21 | $38,060,564 |
Alverno Clinical Laboratories Llc Lab & Management | 12/30/21 | $29,721,250 |
Arup Laboratories Inc Reference Lab | 12/30/21 | $2,312,318 |
Ameripath Indianapolis Pc Reference Lab | 12/30/21 | $1,994,853 |
College Of American Pathologists Proficiency Testing | 12/30/21 | $869,434 |
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 | $191,615,247 |
| Investment income | $10,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $191,626,087 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,605,627 |
| Advertising and promotion | $0 |
| Office expenses | $1,056,232 |
| Information technology | $113,594 |
| Royalties | $0 |
| Occupancy | $570 |
| Travel | $72,266 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | -$2,804 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,132,444 |
| Total functional expenses | $191,616,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,898,016 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,968,650 |
| 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 | $434,819 |
| Net Land, buildings, and equipment | $77,592 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,871,517 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,250,594 |
| Accounts payable and accrued expenses | $13,457,689 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $13,642,905 |
| Total liabilities | $27,100,594 |
| Net assets without donor restrictions | $150,000 |
| 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 | $27,250,594 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presence Central And Suburban Hospitals Network St Louis, MO | $520,201,301 | $798,952,140 |
Community Physicians Of Indiana Inc Indianapolis, IN | $101,048,784 | $378,135,531 |
Ssm Health Care Of Wisconsin Inc St Louis, MO | $1,113,460,770 | $681,842,146 |
Mercy Hospital Joplin Joplin, MO | $216,336,948 | $224,274,083 |
Summit Medical Group Inc Erlanger, KY | $190,205,942 | $425,285,378 |
Thedacare Inc Appleton, WI | $691,025,693 | $439,639,874 |
Ch Allied Services Inc Columbia, MO | $320,950,223 | $456,105,423 |
Community Hospitals Of Indiana Inc Indianapolis, IN | $779,256,997 | $322,956,027 |
St Vincent Health Inc St Louis, MO | $155,131,578 | $231,980,617 |
Carle Bromenn Medical Center Urbana, IL | $59,991,964 | $210,828,397 |
Coxhealth Springfield, MO | $970,222,612 | $196,417,581 |
Prohealth Medical Group Inc Waukesha, WI | $120,412,770 | $177,161,425 |