St Elizabeth Medical Center Inc
- Assets
- $2.6b
- Revenue
- $1.4b
- Investments
- $267.8m
- Employees
- 9,619
- Location
- Edgewood, KY
- Founding
- 03/1946
- Data as of
- 12/2020
- EIN
- 61-0445850
Organization Overview
St Elizabeth Medical Center Inc is located in Edgewood, KY. The organization was established in 1946. 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 12/2021, St Elizabeth Medical Center Inc employed 9,619 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Elizabeth Medical Center 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 12/2020, St Elizabeth Medical Center Inc generated $1.4b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.3b during the year ending 12/2020. While expenses have increased by 5.3% 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 2016, St Elizabeth Medical Center Inc has awarded 516 individual grants totaling $36,395,664. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
AS A CATHOLIC HEALTHCARE MINISTRY, WE PROVIDE COMPREHENSIVE AND COMPASSIONATE CARE THAT IMPROVES THE HEALTH OF THE PEOPLE WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. ELIZABETH HEALTHCARE IS ONE OF THE OLDEST, LARGEST AND MOST RESPECTED MEDICAL PROVIDERS IN THE NORTHERN KENTUCKY, SOUTHERN OHIO AND SOUTHERN INDIANA AREAS. FOR MORE THAN 150 YEARS, ST. ELIZABETH HAS BEEN THE HEART AND SOUL OF HEALTHCARE IN NORTHERN KENTUCKY. FOUNDED WITH ONE SMALL HOSPITAL IN 1861, ST. ELIZABETH HEALTHCARE NOW OPERATES SIX FACILITIES THROUGHOUT NORTHERN KENTUCKY AND SOUTHEAST INDIANA - ST. ELIZABETH COVINGTON, ST. ELIZABETH EDGEWOOD, ST. ELIZABETH FLORENCE, ST. ELIZABETH FT. THOMAS, ST. ELIZABETH GRANT AND ST. ELIZABETH DEARBORN. ST. ELIZABETH HEALTHCARE IS SPONSORED BY THE DIOCESE OF COVINGTON AND PROVIDED APPROXIMATELY $66 MILLION IN UNCOMPENSATED CARE AND BENEFIT TO THE COMMUNITY IN 2021. WITHIN OUR THRIVING, MULTI-FACETED ORGANIZATION, SOME OF THE NATION'S TOP MEDICAL PROFESSIONALS ARE WORKING TOGETHER TO DELIVER THE BEST CARE AVAILABLE TO THESE AREAS. OUR MISSION IS TO PROVIDE COMPREHENSIVE AND COMPASSIONATE CARE THAT IMPROVES THE HEALTH OF THE PEOPLE WE SERVE. WE ACCOMPLISH THIS THROUGH STATE-OF THE-ART TECHNOLOGY AND OUR DEDICATED ASSOCIATES, LED BY A WELL-RESPECTED BOARD AND EXECUTIVE LEADERSHIP TEAM WHO LOVE THIS ORGANIZATION AND OUR COMMUNITY. ST. ELIZABETH HEALTHCARE'S STATE-OF-THE-ART TECHNOLOGY INCLUDES A SECURE, INTERNAL ELECTRONIC MEDICAL RECORDS SYSTEM THAT NOT ONLY GIVES PROVIDERS ACCESS TO THEIR PATIENTS' MEDICAL RECORDS AT ANY ST. ELIZABETH HEALTHCARE OR ST. ELIZABETH PHYSICIANS FACILITY, BUT ALSO GIVES THE PATIENT FASTER, MORE CONVENIENT ACCESS TO THEIR PERSONAL MEDICAL RECORDS, TEST RESULTS AND HEALTHCARE PROVIDERS THROUGH A WEB PORTAL CALLED "MYCHART." ST. ELIZABETH HEALTHCARE ALSO BECAME THE FIRST AND ONLY HEALTHCARE SYSTEM IN KENTUCKY, OHIO OR INDIANA TO PASS MAYO CLINIC'S RIGOROUS REVIEW PROCESS AND BECOME A MEMBER OF THE MAYO CLINIC CARE NETWORK, A COLLABORATION THAT ALLOWS PHYSICIANS FROM ST. ELIZABETH HEALTHCARE TO CONSULT WITH MAYO CLINIC PHYSICIANS, PROVIDING EVEN BETTER CARE TO OUR PATIENTS. ST. ELIZABETH HEALTHCARE HAS INVESTED IN OUR COMMUNITY FOR GENERATIONS. ST. ELIZABETH HEALTHCARE BELIEVES THAT REACHING OUT TO HELP THE UNDERPRIVILEGED AND IMPROVING THE OVERALL HEALTH OF THE COMMUNITY IS THE FOUNDATION OF ITS MISSION TO PROVIDE COMPREHENSIVE AND COMPASSIONATE CARE TO OUR NEIGHBORHOOD AND OUR FAMILIES. IT IS BECAUSE OF THIS BELIEF THAT THE ST. ELIZABETH HEALTHCARE COMMUNITY BENEFIT PROGRAM HELPS OTHERS HAVE ACCESS TO ST. ELIZABETH HEALTHCARE RESOURCES AND SERVICES. IT IS ST. ELIZABETH HEALTHCARE'S INTENTION TO ALWAYS BALANCE FINANCIAL VIABILITY WITH COMPASSIONATE CARE, AND TO STAY TRUE TO ITS NON-PROFIT ROOTS. DURING 2021 ST. ELIZABETH HEALTHCARE HAD TOTAL ADMISSIONS OF 109,654; TOTAL PATIENT VISITS OF 235,577 AND TOTAL EMERGENCY ROOM VISITS OF 187,073.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Messer Construction Construction Services | 12/30/21 | $35,913,920 |
Pepper Construction Company Of Ohio Llc Construction Services | 12/30/21 | $12,838,998 |
Turner Construction Company Construction Servcies | 12/30/21 | $10,568,066 |
Epic Systems Corporation Computer Services | 12/30/21 | $8,042,796 |
Prolink Healthcare Llc Medical Services | 12/30/21 | $12,165,985 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,333,643 |
| Investment income | $24,769,697 |
| Tax Exempt Bond Proceeds | $40,005 |
| Royalties | $0 |
| Net Rental Income | $752,873 |
| Net Gain/Loss on Asset Sales | $21,001,577 |
| Net Income from Fundraising Events | $99,371 |
| Net Income from Gaming Activities | $95 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,436,767,656 |
| 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. | $9,746,888 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $455,398,567 |
| Pension plan accruals and contributions | $32,603,667 |
| Other employee benefits | $59,265,825 |
| Payroll taxes | $31,731,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,676,379 |
| Fees for services: Accounting | $673,536 |
| Fees for services: Lobbying | $29,500 |
| Fees for services: Fundraising | $60,000 |
| Fees for services: Investment Management | $1,752,200 |
| Fees for services: Other | $230,696,498 |
| Advertising and promotion | $6,955,198 |
| Office expenses | $4,795,446 |
| Information technology | $17,768,770 |
| Royalties | $0 |
| Occupancy | $13,794,134 |
| Travel | $372,317 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,644,646 |
| Interest | $7,793,685 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,285,985 |
| Insurance | $8,848,914 |
| All other expenses | $0 |
| Total functional expenses | $1,261,471,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,558,922 |
| Savings and temporary cash investments | $124,548,881 |
| Pledges and grants receivable | $11,841,427 |
| Accounts receivable, net | $145,956,158 |
| Loans from Officers, Directors, or Controlling Persons | $10,439,773 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $26,756,545 |
| Inventories for sale or use | $39,778,791 |
| Prepaid expenses and deferred charges | $10,571,825 |
| Investments—publicly traded securities | $1,142,082,349 |
| Investments—other securities | $267,808,908 |
| Investments—program-related | $21,311,951 |
| Intangible assets | $10,685,499 |
| Other assets | $118,124,172 |
| Total assets | $2,573,879,630 |
| Accounts payable and accrued expenses | $237,296,009 |
| Grants payable | $0 |
| Deferred revenue | $104,216,650 |
| Tax-exempt bond liabilities | $266,395,606 |
| 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 | $210,043,969 |
| Total liabilities | $817,952,234 |
| 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 | $1,755,927,396 |
Grants Awarded
Over the last fiscal year, St Elizabeth Medical Center Inc has awarded $11,720,761 in support to 102 organizations.
| Grant Recipient | Amount |
|---|---|
Florence, KY PURPOSE: Program Support | $3,516,000 |
Crestview Hills, KY PURPOSE: Program Support | $3,058,060 |
NORTHERN KENTUCKY UNIVERSITY PURPOSE: Program Support | $560,500 |
Cincinnati, OH PURPOSE: Program Support | $523,000 |
Covington, KY PURPOSE: Program Support | $428,785 |
Covington, KY PURPOSE: Program Support | $260,000 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that St Elizabeth Medical Center Inc has recieved totaling $1,720,872.
| Awarding Organization | Amount |
|---|---|
Horizon Community Funds Of Northern Kentucky Inc Covington, KY PURPOSE: General Support | $525,076 |
R C Durr Foundation Inc Covington, KY PURPOSE: GENERAL SUPPORT | $300,000 |
Maxon Foundation Milwaukee, WI PURPOSE: GENERAL OPERATING | $300,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $155,600 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $100,000 |
Interact For Health Cincinnati, OH PURPOSE: COMPETITIVE GRANTS | $78,125 |
Endowment Analysis
| Beg. Balance | $4,422,750 |
| Earnings | $164,402 |
| Other Expense | $4,587,152 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
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 |
Kettering College Miamisburg, OH | $1,728,903,615 | $1,055,020,178 |
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 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |