Osf Multi-Specialty Group
- Assets
- $196.3m
- Revenue
- $453.8m
- Investments
- $0.0
- Employees
- 6,146
- Location
- Peoria, IL
- Founding
- 08/2013
- Data as of
- 09/2023
- EIN
- 38-3852646
Organization Overview
Osf Multi-Specialty Group is located in Peoria, IL. The organization was established in 2013. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 09/2023, Osf Multi-Specialty Group employed 6,146 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Osf Multi-Specialty Group 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, Osf Multi-Specialty Group generated $453.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $830.8m during the year ending 09/2023. While expenses have increased by 10.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IN THE SPIRIT OF CHRIST AND THE EXAMPLE OF FRANCIS OF ASSISI, THE MISSION OF OSF HEALTHCARE IS TO SERVE PERSONS WITH THE GREATEST CARE AND LOVE IN A COMMUNITY THAT CELEBRATES THE GIFT OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PRIMARY CARE, SPECIALTY CARE AND MEDICAL SUPERVISION THROUGHOUT THE OSF HEALTHCARE SYSTEM. OSF MULTISPECIALTY SERVICES PROVIDES SERVICES AT 159 LOCATIONS IN ILLINOIS AND MICHIGAN. OSF MULTISPECIALTY GROUP HAS 711 EMPLOYED PHYSICIANS AND 675 EMPLOYED ADVANCED PRACTITIONERS AND PROVIDED 2,503,317 PATIENT VISITS IN FY 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chairperson Chief Executive Officer | OfficerTrustee | 1 | $0 |
Name Not Listed Assistant Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed President And Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Chairperson | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Orthopedic Associates Of Peoria Sc Orthopedic Services | 9/29/23 | $16,168,470 |
Danville Polyclinic Ltd Medical Services | 9/29/23 | $5,842,385 |
West Consultant Llc Consulting | 9/29/23 | $3,095,492 |
Cardiac Surgery Associates Sc Cardiology Serices | 9/29/23 | $1,357,834 |
Illinois Gastrohealth Llc Gastroenterology Services | 9/29/23 | $1,547,547 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,087,970 |
| All other contributions, gifts, grants, and similar amounts not included above | $858,558 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,946,528 |
| Total Program Service Revenue | $435,745,160 |
| Investment income | $65,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $56,139 |
| 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 | $453,806,833 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,025 |
| 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. | $199,308 |
| Compensation of current officers, directors, key employees. | $39,862 |
| Compensation to disqualified persons | $491,047 |
| Other salaries and wages | $541,303,483 |
| Pension plan accruals and contributions | $19,256,293 |
| Other employee benefits | $47,798,594 |
| Payroll taxes | $32,106,805 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $12,769 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,778,206 |
| Advertising and promotion | $165,094 |
| Office expenses | $3,096,897 |
| Information technology | $478,746 |
| Royalties | $0 |
| Occupancy | $8,533,730 |
| Travel | $2,514,590 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $758,472 |
| Interest | $852 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,002,771 |
| Insurance | $3,292,562 |
| All other expenses | $7,830,370 |
| Total functional expenses | $830,769,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,056 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,215,213 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,220,077 |
| Prepaid expenses and deferred charges | $1,846,987 |
| Net Land, buildings, and equipment | $152,296,898 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,645,766 |
| Total assets | $196,271,997 |
| Accounts payable and accrued expenses | $117,539,594 |
| 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 | $122,245,110 |
| Total liabilities | $239,784,704 |
| Net assets without donor restrictions | -$43,512,707 |
| 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 | $196,271,997 |