Sacred Heart Hospital Of The Hospit Al Sisters-3rd Order Of St Francis
- Assets
- $727.0m
- Revenue
- $216.0m
- Investments
- $0.0
- Employees
- 1,270
- Location
- Eau Claire, WI
- Founding
- 03/1946
- Data as of
- 06/2020
- EIN
- 39-0807060
Organization Overview
Sacred Heart Hospital Of The Hospit Al Sisters-3rd Order Of St Francis is located in Eau Claire, WI. The organization was established in 1946. 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 06/2021, Sacred Heart Hospital Of The Hospit AL Sisters-3rd Order Of St Francis employed 1,270 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sacred Heart Hospital Of The Hospit AL Sisters-3rd Order Of St Francis 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 06/2020, Sacred Heart Hospital Of The Hospit AL Sisters-3rd Order Of St Francis generated $216.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $223.4m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO REVEAL AND EMBODY CHRIST'S HEALING LOVE FOR ALL PEOPLE THROUGH OUR HIGH QUALITY FRANCISCAN HEALTH CARE MINISTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER PROGRAM SERVICES - OTHER PROGRAM SERVICES AT SACRED HEART HOSPITAL ARE COMPRISED OF FAMILY BIRTHING CENTER, INTENSIVE CARE, EMERGENCY, ONCOLOGY, PHARMACY, LABORATORY, RESPIRATORY THERAPY, PHYSICAL THERAPY, REHABILITATION AND OTHER SERVICES.
SURGICAL SERVICES - SURGICAL SERVICES AT SACRED HEART HOSPITAL ARE COMPRISED OF STERILE PROCESSING, ANESTHESIA, SURGERY, POST ANESTHESIA CARE, AND SHORT STAY CARE SERVICES. SHORT STAY CARE SERVICES SUPPORTS INFUSION THERAPIES, CARDIAC CATH, RADIOLOGY, GASTROENTEROLOGY, AND SURGERY. SURGICAL SERVICES HAS 10 OPERATING ROOMS IN WHICH ONE IS A HYBRID OPERATING ROOM, NEW IN 2021, THAT SUPPORTS VASCULAR SURGERY AND TWO C-SECTION ROOMS ON THE WOMENS AND INFANT FLOOR. THE SURGERY DEPARTMENT SUPPORTS CARDIOTHORACIC SERVICES AND A ROBUST ROBOTICS PROGRAM. OTHER PROCEDURES INCLUDE ORTHOPEDICS, NEUROSURGERY, PLASTICS, UROLOGY, EAR NOSE THROAT (ENT), GYNECOLOGICAL, ORGAN PROCUREMENT, DENTAL, PODIATRY, AND GENERAL SURGERY. ANESTHESIA PROVIDES SERVICES TO THE SURGERY SUITE, INTERVENTIONAL RADIOLOGY, INPATIENT RESUSCITATION, AND WOMEN AND INFANTS. STERILE PROCESSING PROVIDES SERVICES HOSPITAL-WIDE TO SURGERY, INPATIENT NURSING, LABOR DELIVERY, EMERGENCY DEPARTMENT, AND CATH LABS/INTERVENTIONAL RADIOLOGY. ALSO IN FY21 OVER 3,692 SURGICAL PROCEDURES WERE PERFORMED.
THE IMAGING SERVICES DEPARTMENT AT SACRED HEART HOSPITAL PROVIDES INPATIENT, OUTPATIENT, AND EMERGENCY CARE. OVERALL, THE DEPARTMENT PERFORMED NEARLY 50,000 INPATIENT AND OUTPATIENT EXAMS AND PROCEDURES DURING FY21. PATIENTS HAVE ACCESS TO THE LATEST TECHNOLOGY IN MAMMOGRAPHY, COMPUTED TOMOGRAPHY, MRI, NUCLEAR MEDICINE, AND ULTRASOUND. THE DEPARTMENT USES A STATE OF THE ART MRI WIDE BORE SCANNER, FOUR INTERVENTIONAL RADIOLOGISTS PROVIDE MINIMALLY INVASIVE PROCEDURES USING IMAGING GUIDANCE. THE STAFF CONSISTS OF BOARD CERTIFIED RADIOLOGISTS AS WELL AS LICENSED AND CERTIFIED TECHNOLOGISTS, NURSES, AND SONOGRAPHERS. THE MODALITIES ARE ACCREDITED AND UTILIZE STATE OF THE ART EQUIPMENT TO AFFORD THE RADIOLOGISTS OPTIMAL IMAGES FOR INTERPRETATION. MRI, ULTRASOUND, AND CT ARE ACCREDITED BY THE ACR AND MAMMOGRAPHY IS CERTIFIED BY MQSA. THE HOSPITAL IS ACCREDITED BY THE JOINT COMMISSION.
HEART & VASCULAR CENTER - CARDIOLOGY SERVICES OFFERS A WIDE VARIETY OF CATHETERIZATION LABORATORY PROCEDURES, NONINVASIVE CARDIOVASCULAR DIAGNOTIC PROCEDURES AND ELECTROPHYSIOLOGY PROCEDURES. FOR THOSE PATIENTS WHO NEED FOLLOW-UP A CARDIAC AND PULMONARY REHABILITION PROGRAM IS OFFERED ON SITE AT SACRED HEART. THERE WERE 1,214 CARDIAC CATH LAB PROCEDURES, AND 3,068 ELECTRODIAGNOSTIC EXAMS THAT TOOK PLACE IN FY2021 AT SACRED HEART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Compass One Healthcare Management And Food Service | 6/29/21 | $1,260,717 |
Anesthesia Management Solutions Anesthesia Services | 6/29/21 | $1,848,390 |
Winc Residency Program Support | 6/29/21 | $832,693 |
Med Data Claim Follow-up | 6/29/21 | $625,416 |
Oakleaf Clinics - Eau Claire Med Clinic Provider Staffing | 6/29/21 | $1,698,782 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,736,015 |
| Investment income | $6,604,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$189,656 |
| Net Gain/Loss on Asset Sales | $16,471,699 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $216,047,186 |
| Statement of Expenses | |
|---|---|
| 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. | $366,407 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,391,301 |
| Pension plan accruals and contributions | $4,927,887 |
| Other employee benefits | $12,793,708 |
| Payroll taxes | $4,309,339 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,927 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,662,610 |
| Fees for services: Other | $83,392,190 |
| Advertising and promotion | $1,383,103 |
| Office expenses | $1,571,604 |
| Information technology | $506,298 |
| Royalties | $0 |
| Occupancy | $6,037,155 |
| Travel | $97,690 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $421,908 |
| Interest | $601,174 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,155,048 |
| Insurance | $637,127 |
| All other expenses | $0 |
| Total functional expenses | $223,441,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,103,705 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,276,624 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,207,590 |
| Prepaid expenses and deferred charges | $1,114,924 |
| Investments—publicly traded securities | $542,144,018 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,200,438 |
| Total assets | $726,987,964 |
| Accounts payable and accrued expenses | $24,100,398 |
| Grants payable | $0 |
| Deferred revenue | $22,750,971 |
| Tax-exempt bond liabilities | $42,931,736 |
| 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 | $77,512,452 |
| Total liabilities | $167,295,557 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $559,692,407 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sacred Heart Hospital Of The Hospit Al Sisters-3rd Order Of St Francis has recieved totaling $25,025.
| Awarding Organization | Amount |
|---|---|
American Cancer Society Inc Kennesaw, GA PURPOSE: Patient Support | $25,000 |
Jamf Nation Global Foundation Minneapolis, MN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Cloud Hospital St Cloud, MN | $1,702,572,092 | $1,117,982,242 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Regions Hospital Minneapolis, MN | $1,151,249,927 | $936,558,758 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
Covenant Medical Center Inc Saginaw, MI | $1,038,790,282 | $776,913,978 |
North Memorial Health Care Robbinsdale, MN | $764,114,547 | $789,881,568 |
Allegiance Health Jackson, MI | $830,742,312 | $709,583,429 |
Munson Medical Center Traverse City, MI | $1,240,001,316 | $752,883,085 |
Edward Hospital Naperville, IL | $472,054,647 | $761,222,693 |
Swedish American Hospital Rockford, IL | $973,707,288 | $637,025,862 |