Stormont-Vail Healthcare Inc
- Assets
- $1.0b
- Revenue
- $817.7m
- Investments
- $186.2m
- Employees
- 6,279
- Location
- Topeka, KS
- Founding
- 09/1934
- Data as of
- 09/2020
- EIN
- 48-0543789
Organization Overview
Stormont-Vail Healthcare Inc is located in Topeka, KS. The organization was established in 1934. 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 09/2021, Stormont-Vail Healthcare Inc employed 6,279 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stormont-Vail Healthcare 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 09/2020, Stormont-Vail Healthcare Inc generated $817.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $760.2m during the year ending 09/2020. While expenses have increased by 3.2% 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
WORKING TOGETHER TO IMPROVE THE HEALTH-CARE OF OUR COMMUNITY BY PROVIDING QUALITY SERVICES REGARDLESS OF RACE, CREED, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John MA Physician | 50 | $1,893,200 | |
Kelli Crabtree Wilson Physician | 50 | $1,322,784 | |
Florin Nicolae Physician | 50 | $1,298,813 | |
Matthew Wills Physician | 50 | $1,269,471 | |
Robert Kenagy President CEO | OfficerTrustee | 50 | $1,227,105 |
Mohammad Salamat Physician | 50 | $1,200,722 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kendall Construction Inc Construction Service | 9/29/21 | $11,255,092 |
Trimedx Inc Equipment Management | 9/29/21 | $6,519,447 |
Soxedo Inc Dietary Services | 9/29/21 | $4,563,348 |
Anesthesia Associates Physician Services | 9/29/21 | $3,723,879 |
Laboratory Corp Of America Laboratory Services | 9/29/21 | $2,038,158 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,165,159 |
| Investment income | $1,744,606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $467,839 |
| Net Gain/Loss on Asset Sales | $13,004,115 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $817,729,703 |
| 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. | $11,045,903 |
| Compensation to disqualified persons | $63,485 |
| Other salaries and wages | $379,750,372 |
| Pension plan accruals and contributions | $16,133,027 |
| Other employee benefits | $29,953,960 |
| Payroll taxes | $23,472,477 |
| Fees for services: Management | $803,369 |
| Fees for services: Legal | $712,437 |
| Fees for services: Accounting | $155,982 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $735,160 |
| Fees for services: Other | $23,591,987 |
| Advertising and promotion | $603,760 |
| Office expenses | $7,873,342 |
| Information technology | $15,994,610 |
| Royalties | $0 |
| Occupancy | $9,323,579 |
| Travel | $378,512 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $116,302 |
| Interest | $5,210,784 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,431,025 |
| Insurance | $6,501,998 |
| All other expenses | $0 |
| Total functional expenses | $760,245,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,742,584 |
| Savings and temporary cash investments | $81,511 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $93,110,167 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,158,564 |
| Prepaid expenses and deferred charges | $7,859,217 |
| Investments—publicly traded securities | $177,526,826 |
| Investments—other securities | $186,174,058 |
| Investments—program-related | $22,506,766 |
| Intangible assets | $2,813,536 |
| Other assets | $18,529,546 |
| Total assets | $1,007,583,672 |
| Accounts payable and accrued expenses | $206,633,686 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $165,921,535 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,050,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $111,704,682 |
| Total liabilities | $486,309,903 |
| 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 | $521,273,769 |
Grants Awarded
Over the last fiscal year, Stormont-Vail Healthcare Inc has awarded $1,309,285 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Topeka, KS PURPOSE: SUPPORT | $1,066,759 |
Manhattan, KS PURPOSE: SUPPORT | $233,726 |
Topeka, KS PURPOSE: SUPPORT | $8,800 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Stormont-Vail Healthcare Inc has recieved totaling $53,703.
| Awarding Organization | Amount |
|---|---|
Topeka Community Foundation Topeka, KS PURPOSE: HEALTH, GENERAL | $46,703 |
American Heart Association Inc Dallas, TX PURPOSE: HEART FAILURE INITIATIVE | $7,000 |
Endowment Analysis
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 |
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 |
Scl Health - Front Range Inc Broomfield, CO | $769,910,245 | $929,785,452 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Ascension Providence Hospital St Louis, MO | $465,661,519 | $850,694,127 |
Stormont-Vail Healthcare Inc Topeka, KS | $1,007,583,672 | $817,729,703 |
Bryan Medical Center Lincoln, NE | $1,105,625,709 | $861,679,038 |
Truman Medical Center Incorporated Kansas City, MO | $489,587,316 | $736,606,337 |
Heartland Regional Medical Center St Joseph, MO | $510,328,294 | $686,077,420 |