Carilion Services Inc
- Assets
- $938.6m
- Revenue
- $302.1m
- Investments
- $31.4m
- Employees
- 2,126
- Location
- Roanoke, VA
- Founding
- 05/1982
- Data as of
- 09/2020
- EIN
- 54-1190879
Organization Overview
Carilion Services Inc is located in Roanoke, VA. The organization was established in 1982. 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 09/2021, Carilion Services Inc employed 2,126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carilion Services 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, Carilion Services Inc generated $302.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $320.1m during the year ending 09/2020. While expenses have increased by 5.2% 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
OUR MISSION IS TO IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE THROUGH OUR COMMITMENT TO A COMMON PURPOSE OF BETTER PATIENT CARE, BETTER COMMUNITY HEALTH, AND LOWER COST.
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 |
|---|---|---|---|
Name Not Listed Senior Vice President/former Key Ee | 50 | $119,614 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Skanska Usa Building Inc Contractor Services | 9/29/21 | $17,176,138 |
Epic Systems Corporation Software Services | 9/29/21 | $4,897,375 |
Sirius Computer Solutions Inc Software Services | 9/29/21 | $4,353,067 |
Firstsource Solutions Usa Llc Software Services | 9/29/21 | $4,072,124 |
Mainline Information Systems Software Services | 9/29/21 | $3,464,973 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $316,145 |
| Investment income | $4,889,303 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,992,476 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $302,052,496 |
| 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. | $6,752,540 |
| Compensation to disqualified persons | $223,471 |
| Other salaries and wages | $145,246,919 |
| Pension plan accruals and contributions | $14,343,168 |
| Other employee benefits | $16,016,318 |
| Payroll taxes | $9,388,143 |
| Fees for services: Management | $993,052 |
| Fees for services: Legal | $1,400,333 |
| Fees for services: Accounting | $635,880 |
| Fees for services: Lobbying | $76,547 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $337,914 |
| Fees for services: Other | $38,094,877 |
| Advertising and promotion | $2,226,578 |
| Office expenses | $12,713,671 |
| Information technology | $33,480,982 |
| Royalties | $0 |
| Occupancy | $12,371,086 |
| Travel | $777,799 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,502,151 |
| Insurance | $2,756,680 |
| All other expenses | $0 |
| Total functional expenses | $320,096,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,420 |
| Savings and temporary cash investments | $173,229,001 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,275,425 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $47,615 |
| Inventories for sale or use | $8,731,645 |
| Prepaid expenses and deferred charges | $23,262,258 |
| Investments—publicly traded securities | $67,001,951 |
| Investments—other securities | $31,373,425 |
| Investments—program-related | $490,293,574 |
| Intangible assets | $0 |
| Other assets | $106,138,279 |
| Total assets | $938,637,589 |
| Accounts payable and accrued expenses | $75,363,856 |
| Grants payable | $25,000 |
| Deferred revenue | $4,671,086 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $191,126,811 |
| Total liabilities | $271,186,753 |
| 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 | $667,450,836 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carilion Services Inc has recieved totaling $8,813.
| Awarding Organization | Amount |
|---|---|
Carilion Clinic Foundation Roanoke, VA PURPOSE: Carilion Clinic Patient Transportation Support | $8,813 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hh Medstar Health Inc Columbia, MD | $303,491,180 | $865,504,764 |
Appalachian Regional Healthcare Inc Lexington, KY | $1,267,201,787 | $817,287,479 |
Memorial Health Care System Inc Chattanooga, TN | $833,500,042 | $655,181,018 |
Wellmont Health System Johnson City, TN | $425,394,041 | $662,198,822 |
Virginia Hospital Center Arlington Health System Arlington, VA | $1,877,524,577 | $673,514,509 |
West Virginia University Medical Corporation Morgantown, WV | $212,648,584 | $571,153,959 |
Owensboro Health Regional Hospital Owensboro, KY | $1,685,340,581 | $709,904,993 |
The Johns Hopkins Health System Corporation Baltimore, MD | $2,298,014,981 | $561,406,992 |
Norton Healthcare Inc Louisville, KY | $2,709,209,349 | $492,316,959 |
Carilion Services Inc Roanoke, VA | $938,637,589 | $302,052,496 |
Baptist Patient Safety System Inc Memphis, TN | $1,693,307,701 | $249,640,612 |
West Virginia United Health System Inc Morgantown, WV | $316,093,597 | $251,827,259 |