Aultman Health Foundation
- Assets
- $594.3m
- Revenue
- $64.5m
- Investments
- $0.0
- Employees
- 501
- Location
- Canton, OH
- Founding
- 08/2015
- Data as of
- 12/2021
- EIN
- 34-1445390
Organization Overview
Aultman Health Foundation is located in Canton, OH. The organization was established in 2015. 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, Aultman Health Foundation employed 501 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Aultman Health Foundation 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, Aultman Health Foundation generated $64.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $68.9m during the year ending 12/2021. While expenses have increased by 5.9% 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.
Since 2014, Aultman Health Foundation has awarded 132 individual grants totaling $6,761,065. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF AULTMAN HEALTH FOUNDATION IS TO "LEAD OUR COMMUNITY TO IMPROVED HEALTH."
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH 129 EMPLOYEES, THE AULTMAN SYSTEMS AND TECHNOLOGY DEPARTMENT PROVIDES THE TECHNICAL INFRASTRUCTURE FOR BUSINESS AND CLINICAL SYSTEMS THROUGHOUT AHF, ITS SATELLITE FACILITIES AND SUBSIDIARIES. THE SYSTEMS AND TECHNOLOGY TEAM HANDLES EVERYTHING RELATED TO INFORMATION TECHNOLOGY AT AULTMAN HEALTH FOUNDATION - INCLUDING HARDWARE, SOFTWARE DATA SECURITY AND INTERNAL CUSTOMER SUPPORT.
THE AULTMAN SPECIALTY HOSPITAL, LOCATED ON THE MAIN AULTMAN CAMPUS, PROVIDES LONG-TERM ACUTE CARE FOR PATIENTS WITH MEDICALLY COMPLEX CONDITIONS. PATIENTS' AVERAGE LENGTH OF STAY IS 25 DAYS, AND THEY ARE TYPICALLY TRANSFERRED FROM AULTMAN ICU OR STEP-DOWN UNITS OR OTHER LOCAL HOSPITALS. THE FACILITY'S QUALITY PROGRAM HAS BEEN ENHANCED IN THE AREAS OF IMPROVED PREVENTION OF SKIN BREAKDOWN, VENTILATOR-ASSOCIATED PNEUMONIA, LINE SEPSIS, AND CLOSTRIDIUM DIFFICILE.
THE 31-MEMBER AULTMAN HEALTH FOUNDATION HUMAN RESOURCES DEPARTMENT PROVIDES SUPPORT SERVICES RELATIVE TO EMPLOYEE BENEFITS, COMPENSATION, EDUCATION AND DEVELOPMENT, EMPLOYEE RECRUITING, NEW-HIRE ORIENTATION, DIVERSITY AND INCLUSION, AND EMPLOYEE EVENTS ACROSS AHF FACILITIES.
AULTMAN HEALTH FOUNDATION (AHF) WAS FORMED AS A SUPPORT ENTITY AULTMAN HOSPITAL (AH) AND AHF'S SUBSIDIARIES. THIS STRUCTURE IS COMMON TO MANY HEALTH CARE SYSTEMS. AHF PERFORMS ACTIVITIES THAT DIRECTLY AND INDIRECTLY IMPACT AH. THERE IS A CLOSE WORKING RELATIONSHIP BETWEEN AHF AND AH AND SUBSTANTIAL RESOURCES OF AHF ARE COMMITTED TO FURTHERING THE AH MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward J Roth III President Emeritus | OfficerTrustee | 52 | $2,237,292 |
Ramana Podugu MD Ahf Director | Trustee | 55 | $1,031,780 |
Christopher E Remark Aultplan Ceo/ Ahf Director | Trustee | 53 | $726,429 |
Mark D Wright CFO - Ahf; Director/treasurer - Aach | OfficerTrustee | 48 | $604,380 |
Mark N Rose SVP - Legal Services | Officer | 54 | $519,968 |
Michael A Rich MD Ahf Director | Trustee | 55 | $465,166 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dell Financial Services Software Support | 12/30/21 | $1,534,064 |
Allscripts Healthcare Software Support | 12/30/21 | $1,370,723 |
Cerner Corp Software Support | 12/30/21 | $7,171,678 |
Cisco Systems Inc Software Support | 12/30/21 | $740,715 |
Pnc Bank Financial Services | 12/30/21 | $1,556,571 |
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 | $61,789,497 |
| Investment income | $1,793,185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $877,705 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,460,387 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,381,727 |
| Grants and other assistance to domestic individuals. | $400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,164,549 |
| Compensation of current officers, directors, key employees. | $1,741,265 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,418,845 |
| Pension plan accruals and contributions | $1,175,889 |
| Other employee benefits | $1,878,573 |
| Payroll taxes | $2,102,931 |
| Fees for services: Management | $54,624 |
| Fees for services: Legal | $3,325 |
| Fees for services: Accounting | $194,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,501,375 |
| Advertising and promotion | $173,438 |
| Office expenses | $1,894,842 |
| Information technology | $12,214,066 |
| Royalties | $0 |
| Occupancy | $2,071,409 |
| Travel | $192,551 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,742 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $693,293 |
| Insurance | $108,803 |
| All other expenses | $391,750 |
| Total functional expenses | $68,938,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,113,353 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,501,595 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,012,416 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,332,003 |
| Net Land, buildings, and equipment | $3,962,067 |
| Investments—publicly traded securities | $166,615,037 |
| Investments—other securities | $0 |
| Investments—program-related | $410,576,739 |
| Intangible assets | $892,667 |
| Other assets | $5,263,543 |
| Total assets | $594,269,420 |
| Accounts payable and accrued expenses | $17,856,855 |
| Grants payable | $0 |
| Deferred revenue | $701,144 |
| Tax-exempt bond liabilities | $127,085,629 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,484,278 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,488,439 |
| Total liabilities | $164,616,345 |
| Net assets without donor restrictions | $429,653,075 |
| 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 | $594,269,420 |
Grants Awarded
Over the last fiscal year, Aultman Health Foundation has awarded $1,371,728 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Canton, OH PURPOSE: GENERAL SUPPORT | $381,100 |
Canton, OH PURPOSE: SPONSORSHIP AND BLACK COLLEGE FOOTBALL HALL OF FAME CLASIC | $203,995 |
Canton, OH PURPOSE: 2018-2021 CAMPAIGN PLEDGE AND 2021 - 2023 CAMPAIGN | $200,000 |
Canton, OH PURPOSE: ECONOMIC DEVELOPMENT, STARK COMMUNITY MOVING FORWARD, AKRON-CANTON AIRPORT AIR SERVICE DEVELOPMENT AND OTHER EVENTS | $83,130 |
THE EYE CLINIC INC PURPOSE: RECRUITING ASSISTANCE | $75,000 |
Canton, OH PURPOSE: FUNDING PARTNERSHIP FOR 3 YEARS | $66,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aultman Health Foundation has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
National Philanthropic Tr Jenkintown, PA PURPOSE: HEALTH | $30,000 |
Endowment Analysis
| Beg. Balance | $816,523 |
| Earnings | $27,693 |
| Admin Expense | $4,000 |
| Ending Balance | $840,216 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan Public Health Institute Okemos, MI | $32,297,029 | $129,374,853 |
Commonwealth Health Corporation Inc Bowling Green, KY | $147,547,590 | $131,659,305 |
Wheeling Hospital Inc Wheeling, WV | $275,589,761 | $110,733,229 |
Lakeland Hospitals At Niles & St Joseph Inc Saint Joseph, MI | $930,527,591 | $126,281,999 |
Munson Healthcare Traverse City, MI | $122,228,046 | $96,733,735 |
Mercy Life Center Corporation Pittsburgh, PA | $112,504,753 | $111,350,814 |
Carbon Schiylkill Community Hospital Inc Allentown, PA | $59,769,388 | $99,125,691 |
Thomas Health System Inc S Charleston, WV | $66,489,070 | $891,312 |
Mercy Management Of Southeastern Pennsylvania Newtown Square, PA | $35,720,609 | $73,428,076 |
Mymichigan Health Midland, MI | $954,174,034 | $69,907,530 |
Mount Nittany Medical Center Health Services Inc State College, PA | $76,955,492 | $122,027,068 |
Trinity Health Of The Mid-Atlantic Region Newtown Square, PA | $176,808,635 | $95,052,578 |