Truman Medical Center Incorporated
- Assets
- $489.6m
- Revenue
- $736.6m
- Investments
- $692.3k
- Employees
- 5,369
- Location
- Kansas City, MO
- Founding
- 10/1986
- Data as of
- 06/2021
- EIN
- 44-0661018
Organization Overview
Truman Medical Center Incorporated is located in Kansas City, MO. The organization was established in 1986. 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, Truman Medical Center Incorporated employed 5,369 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Truman Medical Center Incorporated 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, Truman Medical Center Incorporated generated $736.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $686.3m during the year ending 06/2021. While expenses have increased by 4.9% 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.
Since 2015, Truman Medical Center Incorporated has awarded 11 individual grants totaling $3,808,800. 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
TRUMAN MEDICAL CENTER IS AN ACADEMIC HEALTH CENTER PROVIDING ACCESSIBLE, STATE-OF-THE-ART QUALITY HEALTHCARE TO OUR COMMUNITY REGARDLESS OF ABILITY TO PAY.
Describe the Organization's Program Activity:
OUTPATIENT DEPARTMENT- SEE SCHEDULE O
INPATIENT CARE- SEE SCHEDULE O
EMERGENCY DEPARTMENT- SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles W Shields President/ceo/director | OfficerTrustee | 40 | $1,180,198 |
Mitzi Cardenas Executive Chief Admin Officer | 40 | $657,392 | |
John Gianino Neurosurgeon | 40 | $629,574 | |
William H Colby Secretary Until 09/2020 | Officer | 40 | $568,502 |
Ruth Pullins Chief Hr Officer | 40 | $565,281 | |
Gerard Grimaldi Chief Health Policy/govt Relat | 40 | $437,135 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Corporation It Services | 6/29/21 | $26,196,274 |
University Health Physicians Physician Services | 6/29/21 | $18,736,661 |
University Of Missouri-kansas City Medical Services | 6/29/21 | $18,677,419 |
Union Hill Anesthesia Medical Services | 6/29/21 | $8,117,249 |
Medical Imaging Pa Medical Services | 6/29/21 | $5,497,214 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,941,221 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,495,161 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,436,382 |
| Total Program Service Revenue | $643,516,285 |
| Investment income | $338,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,018 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $736,606,337 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,000 |
| 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. | $4,086,199 |
| Compensation of current officers, directors, key employees. | $4,086,199 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,619,198 |
| Pension plan accruals and contributions | $4,547,072 |
| Other employee benefits | $36,835,055 |
| Payroll taxes | $18,855,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $889,353 |
| Fees for services: Accounting | $261,589 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,363,702 |
| Advertising and promotion | $1,208,535 |
| Office expenses | $112,951,518 |
| Information technology | $19,651,699 |
| Royalties | $0 |
| Occupancy | $8,397,777 |
| Travel | $2,044 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,755 |
| Interest | $3,190,087 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,779,384 |
| Insurance | $2,280,247 |
| All other expenses | $0 |
| Total functional expenses | $686,310,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,308,247 |
| Savings and temporary cash investments | $2,156,528 |
| Pledges and grants receivable | $1,442,628 |
| Accounts receivable, net | $77,733,485 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,535,951 |
| Prepaid expenses and deferred charges | $8,867,193 |
| Net Land, buildings, and equipment | $279,372,166 |
| Investments—publicly traded securities | $7,877,687 |
| Investments—other securities | $692,273 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,601,158 |
| Total assets | $489,587,316 |
| Accounts payable and accrued expenses | $171,208,563 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $92,231,210 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $50,197,890 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,219,815 |
| Total liabilities | $332,857,478 |
| Net assets without donor restrictions | $129,438,472 |
| Net assets with donor restrictions | $27,291,366 |
| 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 | $489,587,316 |
Grants Awarded
Over the last fiscal year, Truman Medical Center Incorporated has awarded $770,479 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MISSOURI-KANSAS CITY PURPOSE: Friends of Psychiatry | $500,000 |
CITY OF KANSAS CITY MISSOURI PURPOSE: ATC FUNDING CRISIS | $260,479 |
Kansas City, MO PURPOSE: GOLF BABY GOLF FUNDRAISER | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Truman Medical Center Incorporated has recieved totaling $3,058,995.
| Awarding Organization | Amount |
|---|---|
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $2,801,541 |
Jackson County Community Childrens Service Fund Kansas City, MO PURPOSE: MENTAL HEALTH HOME VISITATION SERVICES | $250,454 |
American Heart Association Inc Dallas, TX PURPOSE: HEART FAILURE INITIATIVE | $7,000 |
Endowment Analysis
| Beg. Balance | $3,555,670 |
| Earnings | $1,026,262 |
| Other Expense | $5,392 |
| Ending Balance | $4,576,540 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Integris Baptist Medical Center Inc Oklahoma City, OK | $2,058,378,701 | $1,074,971,636 |
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Baptist Health Little Rock, AR | $1,838,433,342 | $1,059,132,631 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
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 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
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 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |