Ascension Health
- Assets
- $98.4m
- Revenue
- $149.2m
- Investments
- $0.0
- Employees
- 1,826
- Location
- St Louis, MO
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 31-1662309
Organization Overview
Ascension Health, operating under the name See Schedule O, is located in St Louis, MO. The organization was established in 1946. 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 06/2022, See Schedule O employed 1,826 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. See Schedule O 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, See Schedule O generated $149.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $140.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 7 years. 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
ONE OF THE NATION'S LEADING CATHOLIC AND NONPROFIT HEALTH SYSTEMS, SERVING THE POOR AND VULNERABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASCENSION HEALTH IS A MISSION-FOCUSED ORGANIZATION TRANSFORMING HEALTH CARE BY PROVIDING THE HIGHEST QUALITY CARE TO ALL, WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. IN FISCAL YEAR 2022, THE ASCENSION HEALTH SYSTEM EMPLOYED 139,000 ASSOCIATES SERVING IN 2,600+ LOCATIONS IN 19 STATES AND THE DISTRICT OF COLUMBIA. HOWEVER, IN COMPARISON TO MANY OTHER ORGANIZATIONS OF SIMILAR SCOPE AND COMPLEXITY, AS A NONPROFIT, SPIRITUALLY-CENTERED HEALTHCARE SYSTEM, ASCENSION DIFFERENTIATES ITSELF IN TERMS OF MISSION, PRIORITIES AND CHALLENGES. IN FISCAL YEAR 2022 ALONE, ASCENSION HEALTH PROVIDED $2.3 BILLION IN CARE OF PERSONS LIVING IN POVERTY AND COMMUNITY BENEFIT PROGRAMS. AS PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY, THE FILING ORGANIZATION SERVED IN SUPPORT OF ASCENSION'S COMMITMENT TO BOTH CARE FOR PATIENTS AND COMMUNITIES AND SUPPORT CAREGIVERS AND OTHER ASSOCIATES THROUGH THE CHALLENGES OF THE COVID-19 GLOBAL PANDEMIC AND IT'S AFTERMATH IN FY22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 0 | $0 |
Name Not Listed Chair (start 9/2021)/president & CEO | OfficerTrustee | 0 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 0 | $0 |
Name Not Listed Chair (end 8/2021) | OfficerTrustee | 4 | $0 |
Name Not Listed CFO | Officer | 0 | $0 |
Name Not Listed Senior Director, Ascension Connect | 50 | $363,704 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Parata Systems Llc Pharmacy Technology Services | 6/29/22 | $1,953,547 |
World Wide Technology Llc Consulting Services | 6/29/22 | $475,087 |
Southview Medical Group Pc Physician Services | 6/29/22 | $127,000 |
Brasfield & Gorrie Llc Construction Services | 6/29/22 | $233,172 |
Eight Eleven Group Llc Technology Services | 6/29/22 | $1,679,478 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $293,102 |
| Investment income | $116,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $190,140 |
| Net Gain/Loss on Asset Sales | $29,657,736 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,428 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $149,217,660 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $81,372,679 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,580,331 |
| Payroll taxes | $6,119,728 |
| Fees for services: Management | $246,925 |
| Fees for services: Legal | $20,680 |
| 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 | $13,367,264 |
| Advertising and promotion | $0 |
| Office expenses | $212,593 |
| Information technology | $6,387,866 |
| Royalties | $0 |
| Occupancy | $4,363,693 |
| Travel | $229,603 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,610 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,603,140 |
| Insurance | $92,269 |
| All other expenses | $0 |
| Total functional expenses | $140,557,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $385,027 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,121,559 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $863,821 |
| Prepaid expenses and deferred charges | $1,849,042 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $31,803,729 |
| Intangible assets | $8,437,573 |
| Other assets | $30,432,864 |
| Total assets | $98,360,084 |
| Accounts payable and accrued expenses | $10,952,477 |
| 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 | $34,369,740 |
| Total liabilities | $45,322,217 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $53,037,867 |