Presence Care Transformation Corporation
- Assets
- $187.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 12,918
- Location
- St Louis, MO
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 36-3366652
Organization Overview
Presence Care Transformation Corporation, 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 06/2021, See Schedule O employed 12,918 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 $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (48.7%) each year. All expenses for the organization totaled $136.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, See Schedule O has awarded 51 individual grants totaling $1,033,785. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH AND WELL-BEING OF ALL PEOPLE IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
PRESENCE CARE TRANSFORMATION CORPORATION PROVIDES CENTRALIZED CORPORATE MANAGEMENT SERVICES TO PRESENCE HEALTH AND RECEIVES MANAGEMENT FEE INCOME FOR THE SERVICES IT PROVIDES TO ALL ORGANIZATIONS IN THE SYSTEM. BY CENTRALIZING THESE SERVICES, PRESENCE HEALTH CAN PREVENT DUPLICATION AND BETTER UTILIZE SCARCE RESOURCES. FOR EXAMPLE, CERTAIN ACCOUNTING, HUMAN RESOURCES AND INFORMATION TECHNOLOGY ACTIVITIES ARE SERVICES PROVIDED CENTRALLY THROUGH PRESENCE CARE TRANSFORMATION CORPORATION. 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 IN FY21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Officer (end 11/2019) | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Change Healthcare Llc Revenue Consulting | 6/29/21 | $3,422,397 |
Cep America Illinois Llp Physician Services | 6/29/21 | $2,266,667 |
Cep America Llc Physician Services | 6/29/21 | $1,133,333 |
Availity Llc Technology Services | 6/29/21 | $327,219 |
Miramed Revenue Group Llc Financial Services | 6/29/21 | $378,056 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $73,165 |
| 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 | $73,165 |
| Total Program Service Revenue | $1,653,951 |
| Investment income | $142,004 |
| 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 | $3,001,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,886,541 |
| 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. | $843,405 |
| Compensation of current officers, directors, key employees. | $843,405 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,705,976 |
| Pension plan accruals and contributions | $4,436,984 |
| Other employee benefits | $14,747,790 |
| Payroll taxes | $4,546,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,261,457 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $38,292 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $696,952 |
| Advertising and promotion | $3,623 |
| Office expenses | $2,560,777 |
| Information technology | $190,774 |
| Royalties | $0 |
| Occupancy | $3,953,570 |
| Travel | $17,064 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $168,767 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,622,113 |
| Insurance | $12,440,003 |
| All other expenses | $664,620 |
| Total functional expenses | $136,202,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,047,461 |
| Pledges and grants receivable | $11,292 |
| Accounts receivable, net | $0 |
| 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 | $3,769,237 |
| Net Land, buildings, and equipment | $50,845,015 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $32,162,647 |
| Intangible assets | $29,471,388 |
| Other assets | $58,576,842 |
| Total assets | $187,883,882 |
| Accounts payable and accrued expenses | $17,310,953 |
| 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 | $1,474,529,525 |
| Total liabilities | $1,491,840,478 |
| Net assets without donor restrictions | -$1,303,987,787 |
| Net assets with donor restrictions | $31,191 |
| 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 | $187,883,882 |
Grants Awarded
Over the last fiscal year, Presence Care Transformation Corporation has awarded $95,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Crest Hill, IL PURPOSE: GENERAL SUPPORT | $20,000 |
Crest Hill, IL PURPOSE: GENERAL SUPPORT | $20,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $17,500 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $17,500 |
Evanston, IL PURPOSE: GENERAL SUPPORT | $10,000 |
Evanston, IL PURPOSE: GENERAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Presence Care Transformation Corporation has recieved totaling $73,165.
| Awarding Organization | Amount |
|---|---|
Alexian Brothers Health System St Louis, MO PURPOSE: GENERAL SUPPORT | $73,165 |
Endowment Analysis
| Beg. Balance | $54,607 |
| Net Contributions | $1,515 |
| Other Expense | $24,931 |
| Ending Balance | $31,191 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ssm Health Care Corporation St Louis, MO | $4,485,127,106 | $1,033,534,741 |
Bjc Health System St Louis, MO | $5,456,592,622 | $1,155,105,032 |
Mercy Health Services Iowa Corp Mason City, IA | $937,001,767 | $829,323,680 |
Appalachian Regional Healthcare Inc Lexington, KY | $1,267,201,787 | $817,287,479 |
Memorial Health Care System Inc Chattanooga, TN | $833,500,042 | $655,181,018 |
Wellmont Health System Johnson City, TN | $425,394,041 | $662,198,822 |
Alegent Health - Bergan Mercy Health System Omaha, NE | $1,132,748,535 | $611,302,606 |
Owensboro Health Regional Hospital Owensboro, KY | $1,685,340,581 | $709,904,993 |
Alexian Brothers Health System St Louis, MO | $397,387,025 | $531,298,685 |
Alegent Creighton Health Omaha, NE | $854,680,490 | $528,133,331 |
The Carle Foundation Urbana, IL | $3,268,207,661 | $555,725,730 |
Norton Healthcare Inc Louisville, KY | $2,709,209,349 | $492,316,959 |