Hospital Sisters Health System
- Assets
- $423.6m
- Revenue
- $323.1m
- Investments
- $0.0
- Employees
- 1,809
- Location
- Springfield, IL
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 37-1058692
Organization Overview
Hospital Sisters Health System is located in Springfield, IL. 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, Hospital Sisters Health System employed 1,809 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Hospital Sisters Health System 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, Hospital Sisters Health System generated $323.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $272.4m during the year ending 06/2021. While expenses have increased by 7.2% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND SUPPORT, DIRECTLY OR INDIRECTLY, BY DONATION, LOAN, OR OTHERWISE, THE INTERESTS AND PURPOSES OF THE HOSPITAL SISTERS OF THE 3RD ORDER OF ST. FRANCIS.
Describe the Organization's Program Activity:
HOSPITAL SISTERS HEALTH SYSTEM (HSHS) SERVES AS THE PARENT ORGANIZATION FOR VARIOUS INCORPORATED MINISTRY ORGANIZATIONS WITH THE DESIGNATED MEMBERS OF HSHS BEING HOSPITAL SISTERS MINISTRIES, WHICH CONSISTS OF INDIVIDUALS WHO FROM TIME TO TIME ARE DULY APPOINTED BY THE PROVINCIAL COUNCIL OF THE HOSPITAL SISTERS OF ST. FRANCIS. THE MISSION OF HSHS IS TO PROVIDE A STRUCTURE AND THE MEANS WHEREBY THE HOSPITAL SISTERS CONTINUE THEIR HEALING MINISTRY. HSHS PROVIDES PROFESSIONAL AND TECHNICAL EXPERTISE IN THE MANAGEMENT OF THE AFFILIATED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 1.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maxim Healthcare Services Professional Services | 6/29/21 | $1,747,730 |
Med Data Professional Services | 6/29/21 | $1,726,250 |
Crowe Healthcare Risk Consulting Professional Services | 6/29/21 | $1,688,555 |
Mckinsey And Company Inc Professional Consulting | 6/29/21 | $1,650,000 |
Quadris Team Professional Services | 6/29/21 | $1,582,290 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $36,969 |
| 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 | $36,969 |
| Total Program Service Revenue | $247,741,418 |
| Investment income | $58,573,211 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,202,004 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $323,123,085 |
| 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. | $2,691,963 |
| Compensation of current officers, directors, key employees. | $269,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,413,610 |
| Pension plan accruals and contributions | $9,412,303 |
| Other employee benefits | $23,372,292 |
| Payroll taxes | $5,030,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $927,132 |
| Fees for services: Accounting | $810,000 |
| Fees for services: Lobbying | $223,114 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $460,509 |
| Fees for services: Other | $28,760,428 |
| Advertising and promotion | $818,060 |
| Office expenses | $6,470,209 |
| Information technology | $42,096,701 |
| Royalties | $0 |
| Occupancy | $3,647,626 |
| Travel | $220,683 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $371,472 |
| Interest | $654,877 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,164,366 |
| Insurance | $3,138,506 |
| All other expenses | $760,717 |
| Total functional expenses | $272,378,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,230,364 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,407,057 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,738,953 |
| Prepaid expenses and deferred charges | $15,361,747 |
| Net Land, buildings, and equipment | $140,571,454 |
| Investments—publicly traded securities | $166,224,629 |
| Investments—other securities | $0 |
| Investments—program-related | $71,849,550 |
| Intangible assets | $0 |
| Other assets | $14,245,770 |
| Total assets | $423,629,524 |
| Accounts payable and accrued expenses | $54,760,822 |
| 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 | $48,666,642 |
| Total liabilities | $103,427,464 |
| Net assets without donor restrictions | $320,202,060 |
| 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 | $423,629,524 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hospital Sisters Health System has recieved totaling $34,801.
| Awarding Organization | Amount |
|---|---|
Hospital Sisters Mission Outreach Corporation Springfield, IL PURPOSE: Healthcare Strengthening | $34,801 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ssm Health Care Corporation St Louis, MO | $4,485,127,106 | $1,033,534,741 |
Parkview Health System Inc Fort Wayne, IN | $2,712,217,032 | $933,221,094 |
Gundersen Lutheran Administrative Services Inc La Crosse, WI | $1,235,621,372 | $953,342,080 |
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 |
Aurora Health Care Inc Milwaukee, WI | $4,608,404,718 | $666,695,867 |
Appalachian Regional Healthcare Inc Lexington, KY | $1,267,201,787 | $817,287,479 |
Inclusa Inc Stevens Point, WI | $163,276,844 | $696,118,730 |
Froedtert & Community Health Inc Milwaukee, WI | $2,857,726,016 | $675,461,810 |
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 |
Indiana University Health Arnett Inc Indianapolis, IN | $319,820,511 | $504,048,288 |