Trihealth Hospital Inc
- Assets
- $195.8m
- Revenue
- $64.9m
- Investments
- $0.0
- Employees
- 288
- Location
- Cincinnati, OH
- Founding
- 02/2015
- Data as of
- 06/2020
- EIN
- 46-1393755
Organization Overview
Trihealth Hospital Inc is located in Cincinnati, OH. The organization was established in 2015. 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, Trihealth Hospital Inc employed 288 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trihealth Hospital Inc 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, Trihealth Hospital Inc generated $64.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $71.4m during the year ending 06/2020. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH STATUS OF THE PEOPLE WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE H
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suellen Jones Nursing Admin-Evendale | Officer | 60 | $197,934 |
Melissa Payne Pharmacist | 60 | $154,169 | |
Sally Veatch Nurse Mgr-Evendale | 60 | $125,451 | |
Sherri Joyce Nurse Mgr-Evendale | 60 | $122,359 | |
Deborah Montgomery Mgr-Trihealth Hand Surgery | 60 | $121,501 | |
Valentina Dedman Nurse Mgr-Evendale | 60 | $118,313 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beacon Orthopaedics Physical Therapy Staffing | 6/29/21 | $124,576 |
Catholic Health Initiatives Clinical Maintenance | 6/29/21 | $202,071 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,896,687 |
| 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. | $226,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,474,618 |
| Pension plan accruals and contributions | $905,375 |
| Other employee benefits | $2,266,259 |
| Payroll taxes | $1,036,398 |
| Fees for services: Management | $809,064 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $778,017 |
| Advertising and promotion | $0 |
| Office expenses | $819,722 |
| Information technology | $23,448 |
| Royalties | $0 |
| Occupancy | $2,454,525 |
| Travel | $5,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,832,433 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,009,966 |
| Insurance | $49,344 |
| All other expenses | $0 |
| Total functional expenses | $71,369,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $599 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,685,185 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,044,155 |
| Prepaid expenses and deferred charges | $19,273 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $99,574,966 |
| Other assets | $49,172,256 |
| Total assets | $195,847,111 |
| Accounts payable and accrued expenses | $7,263,578 |
| 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 | $23,290,556 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $501,267 |
| Total liabilities | $31,055,401 |
| 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 | $164,791,710 |
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|---|---|---|
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Lehigh Valley Hospital - Schuykill Allentown, PA | $123,931,422 | $141,448,853 |
Wood County Hospital Assn Bowling Green, OH | $236,887,243 | $125,669,234 |
Margaret Mary Community Hospital Inc Batesville, IN | $200,618,179 | $130,077,852 |
Davis Memorial Hospital Elkins, WV | $99,450,993 | $120,748,268 |
Mymichigan Medical Center Sault Sault Ste Marie, MI | $104,046,577 | $126,853,788 |
St Lukes Quakertown Hospital Allentown, PA | $224,667,230 | $112,978,373 |
Shelby County Memorial Hospital Association Inc Sidney, OH | $171,819,264 | $129,965,258 |
Upmc Pittsburgh, PA | $122,342,039 | $105,892,952 |
Northeastern Pennsylvania Health Corporation Allentown, PA | $304,803,492 | $145,234,138 |
Reynolds Memorial Hospital Inc Glen Dale, WV | $68,940,537 | $122,482,209 |
Emma L Bixby Medical Center Toledo, OH | $214,732,301 | $139,202,852 |