Deaconess Hospital Inc
- Assets
- $2.4b
- Revenue
- $1.3b
- Investments
- $168.7m
- Employees
- 7,311
- Location
- Evansville, IN
- Founding
- 12/1938
- Data as of
- 09/2023
- EIN
- 35-0593390
Organization Overview
Deaconess Hospital Inc is located in Evansville, IN. The organization was established in 1938. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Deaconess Hospital Inc employed 7,311 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deaconess Hospital 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 09/2023, Deaconess Hospital Inc generated $1.3b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $1.2b during the year ending 09/2023. While expenses have increased by 7.4% per year over the past 8 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 2015, Deaconess Hospital Inc has awarded 277 individual grants totaling $9,174,145. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE QUALITY HEALTH CARE SERVICES WITH A COMPASSIONATE AND CARING SPIRIT CONTINUE TO SCH O TO PERSONS, FAMILIES AND COMMUNITIES OF THE TRI-STATE.
Describe the Organization's Program Activity:
PATIENT SERVICE REVENUE. SEE SCHEDULE O.
CHARITY CARE/SUBSIDIZED CARE. SEE SCHEDULE O.
GRADUATE MEDICAL EDUCATION, MEDICAL EDUCATION AND COMMUNITY BENEFIT. SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Mccoy President / CEO Of Deaconess | OfficerTrustee | 30 | $1,551,117 |
Sharon Reed Walker Chairman | Trustee | 5 | $0 |
Narothama R Aeddula MD Director | Trustee | 5 | $0 |
Scott Cordts MD Director | Trustee | 50 | $340,697 |
Jamie L Davidson MD Director | Trustee | 50 | $401,852 |
Jeff Justice Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Evansville Surgery Center Surgical Services | 9/29/23 | $29,049,344 |
Progressivehealth Of Indiana Physical Therapy | 9/29/23 | $20,271,835 |
Total Msp Llc Staffing | 9/29/23 | $14,877,640 |
Tri State Radiation Oncology Radiation & Oncology Services | 9/29/23 | $19,348,119 |
Orthoalign Llc Medical Services | 9/29/23 | $13,920,727 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $891,337 |
| Related organizations | $717,907 |
| Government grants | $1,050,972 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,210,752 |
| Noncash contributions included in lines 1a–1f | $56,208 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,870,968 |
| Total Program Service Revenue | $1,107,127,457 |
| Investment income | $16,005,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,587,970 |
| Net Gain/Loss on Asset Sales | -$6,925,380 |
| Net Income from Fundraising Events | -$111,981 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,307,438,675 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,047,036 |
| 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. | $7,987,799 |
| Compensation of current officers, directors, key employees. | $7,987,799 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $391,015,892 |
| Pension plan accruals and contributions | $1,930,830 |
| Other employee benefits | $77,980,565 |
| Payroll taxes | $26,529,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,175,468 |
| Fees for services: Accounting | $52,145 |
| Fees for services: Lobbying | $97,281 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,407,777 |
| Fees for services: Other | $161,203,676 |
| Advertising and promotion | $179,607 |
| Office expenses | $10,391,192 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,977,307 |
| Travel | $6,413 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $224,610 |
| Interest | $14,724,084 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,053,651 |
| Insurance | $4,614,219 |
| All other expenses | $49,879,942 |
| Total functional expenses | $1,170,972,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $176,664,213 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $195,741,495 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,104,354 |
| Inventories for sale or use | $11,375,719 |
| Prepaid expenses and deferred charges | $15,791,586 |
| Net Land, buildings, and equipment | $625,145,781 |
| Investments—publicly traded securities | $955,756,769 |
| Investments—other securities | $168,680,216 |
| Investments—program-related | $0 |
| Intangible assets | $48,218,553 |
| Other assets | $166,041,667 |
| Total assets | $2,366,520,353 |
| Accounts payable and accrued expenses | $125,142,686 |
| Grants payable | $0 |
| Deferred revenue | $1,981,319 |
| Tax-exempt bond liabilities | $101,950,473 |
| 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 | $471,288,302 |
| Total liabilities | $700,362,780 |
| Net assets without donor restrictions | $1,656,851,867 |
| Net assets with donor restrictions | $9,305,706 |
| 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 | $2,366,520,353 |
Grants Awarded
Over the last fiscal year, Deaconess Hospital Inc has awarded $856,487 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: GENERAL SUPPORT & MIDWEST TORNADOS | $10,000 |
AURORA INC PURPOSE: HOMELESS OUTREACH | $16,900 |
ECHO COMMUNITY HEALTH CARE PURPOSE: PEDIATRIC/OB PLEDGE FOR PRIMARY HEALTH CARE | $20,000 |
BOYS & GIRLS CLUB OF EVANSVILLE IN PURPOSE: GENERAL SUPPORT & HEALTHY HABITS PROGRAM | $13,100 |
CHEMO BUDDIES PURPOSE: GENERAL SUPPORT & SHUTTLE BUS SPONSORSHIP | $47,284 |
BAPTIST HEALTH DEACONESS MADISONVILLE INC PURPOSE: UNIVERSITY OF LOUISVILLE OFF CAMPUS MED SCHOOL PROGRAM | $150,000 |