The Johns Hopkins Health System Corporation
- Assets
- $2.3b
- Revenue
- $561.4m
- Investments
- $274.2m
- Employees
- 3,737
- Location
- Baltimore, MD
- Founding
- 12/1990
- Data as of
- 06/2021
- EIN
- 52-1465301
Organization Overview
The Johns Hopkins Health System Corporation is located in Baltimore, MD. The organization was established in 1990. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2021, Johns Hopkins Health System Corporation employed 3,737 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Johns Hopkins Health System Corporation 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, Johns Hopkins Health System Corporation generated $561.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $499.4m during the year ending 06/2021. While expenses have increased by 6.2% 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.
Since 2015, Johns Hopkins Health System Corporation has awarded 105 individual grants totaling $53,786,428. 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
JOHNS HOPKINS HEALTH SYSTEM CORPORATION PROVIDES CENTRALIZED MANAGEMENT OF A MULTI-HOSPITAL HEALTHCARE SYSTEM. IT IS A KEY COMPONENT OF JOHNS HOPKINS MEDICINE, A COLLABORATION WITH THE JOHNS HOPKINS UNIVERSITY SCHOOL OF MEDICINE.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin W Sowers Msn RN Faa President/trustee | OfficerTrustee | 5 | $1,672,257 |
Robert Kasdin Executive VP Of Finance | Officer | 30 | $1,456,806 |
G Daniel Shealer Jr Sr Vp/general Counsel & Assistant Sec | Officer | 5 | $1,362,700 |
Ronald R Peterson Former President/trustee | 0 | $1,275,825 | |
Redonda Miller Executive | 1 | $1,177,523 | |
Michael L Larson Sr VP Finance & CFO | Officer | 25 | $1,069,579 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deloitte Consulting Llp Consulting | 6/29/21 | $16,695,775 |
Accenture Llp Consulting | 6/29/21 | $11,637,440 |
Mullan Contracting Company Contractor | 6/29/21 | $3,533,440 |
3m Health Information Systems Software/maintenance | 6/29/21 | $2,705,559 |
Pricewaterhouse Coopers Llp Accounting | 6/29/21 | $2,672,394 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $29,444,000 |
| Government grants | $5,351,559 |
| All other contributions, gifts, grants, and similar amounts not included above | $809,089 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,604,648 |
| Total Program Service Revenue | $394,294,592 |
| Investment income | $103,105,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,339,972 |
| Net Gain/Loss on Asset Sales | $373,311 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $561,406,992 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,196,379 |
| 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. | $14,430,656 |
| Compensation of current officers, directors, key employees. | $14,430,656 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $195,242,618 |
| Pension plan accruals and contributions | $38,909,369 |
| Other employee benefits | $792,125 |
| Payroll taxes | $36,064,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $572,104 |
| Fees for services: Accounting | $2,968,163 |
| Fees for services: Lobbying | $59,823 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,673,831 |
| Advertising and promotion | $7,746,010 |
| Office expenses | $7,873,058 |
| Information technology | $17,527,814 |
| Royalties | $0 |
| Occupancy | $17,620,702 |
| Travel | $496,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $370,485 |
| Interest | $44,242,015 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,026,388 |
| Insurance | $57,675 |
| All other expenses | $235,825 |
| Total functional expenses | $499,421,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $415,736,294 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,227,749 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,475,924,191 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,819,815 |
| Net Land, buildings, and equipment | $46,429,955 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $274,152,428 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,724,549 |
| Total assets | $2,298,014,981 |
| Accounts payable and accrued expenses | $134,648,995 |
| Grants payable | $0 |
| Deferred revenue | $3,174,190 |
| Tax-exempt bond liabilities | $623,200,202 |
| 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 | $1,127,168,000 |
| Other liabilities | $436,025,340 |
| Total liabilities | $2,324,216,727 |
| Net assets without donor restrictions | -$26,251,746 |
| Net assets with donor restrictions | $50,000 |
| 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 | $2,298,014,981 |
Grants Awarded
Over the last fiscal year, The Johns Hopkins Health System Corporation has awarded $4,136,980 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: PROMOTING & ADVANCING HEALTHCARE | $3,296,000 |
Baltimore, MD PURPOSE: SUPPORT HEALTH CARE PUBLIC CHARITY | $641,138 |
Baltimore, MD PURPOSE: COMMUNITY PROGRAM SUPPORT | $41,667 |
Hunt Valley, MD PURPOSE: SUPPORT HEALTH CARE PUBLIC CHARITY | $32,500 |
Baltimore, MD PURPOSE: COMMUNITY PROGRAM SUPPORT | $26,300 |
MARY HARVIN TRANSFORMATION CENTER COMMUNITY DEVELOPMENT CORP PURPOSE: COMMUNITY PROGRAM SUPPORT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Johns Hopkins Health System Corporation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Healthnetwork Foundation Pepper Pike, OH PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hh Medstar Health Inc Columbia, MD | $303,491,180 | $865,504,764 |
Geisinger System Services Danville, PA | $1,398,222,343 | $715,016,181 |
Virginia Hospital Center Arlington Health System Arlington, VA | $1,877,524,577 | $673,514,509 |
Highmark Health Pittsburgh, PA | $708,603,703 | $583,319,053 |
West Virginia University Medical Corporation Morgantown, WV | $212,648,584 | $571,153,959 |
The Johns Hopkins Health System Corporation Baltimore, MD | $2,298,014,981 | $561,406,992 |
Wellspan Health York, PA | $671,523,886 | $507,378,748 |
St Clair Health Corporation Pittsburgh, PA | $808,105,796 | $406,482,026 |
Carilion Services Inc Roanoke, VA | $938,637,589 | $302,052,496 |
West Virginia United Health System Inc Morgantown, WV | $316,093,597 | $251,827,259 |
Medstar Health Inc Columbia, MD | $4,670,764,797 | $275,133,645 |
Lifebridge Health Inc Baltimore, MD | $1,819,873,419 | $264,714,796 |