St Elizabeth Medical Center Inc
- Assets
- $2.9b
- Revenue
- $1.8b
- Investments
- $908.6m
- Employees
- 9,475
- Location
- Edgewood, KY
- Founding
- 03/1946
- Data as of
- 12/2022
- 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 12/2023, St Elizabeth Medical Center Inc employed 9,475 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 12/2022, St Elizabeth Medical Center Inc generated $1.8b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $1.7b during the year ending 12/2022. While expenses have increased by 7.8% per year over the past 8 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 604 individual grants totaling $39,676,944. 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
2022
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:
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 $77 MILLION IN UNCOMPENSATED CARE AND BENEFIT TO THE COMMUNITY IN 2022. 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 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 2022 ST. ELIZABETH HEALTHCARE HAD TOTAL ADMISSIONS OF 115,153, TOTAL PATIENT VISITS OF 228,471, AND TOTAL EMERGENCY ROOM VISITS OF 194,262.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President/ceo | OfficerTrustee | 50 | $1,434,117 |
Name Not Listed Trustee | Trustee | 4 | $0 |
Name Not Listed Trustee | Trustee | 4 | $0 |
Name Not Listed Vice Chairman | Trustee | 4 | $27,535 |
Name Not Listed Trustee/physician/sep Chair | Trustee | 4 | $0 |
Name Not Listed Chair Of Board | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qualivis Llc Medical Services | 12/30/22 | $32,969,630 |
Messer Construction Construction Services | 12/30/22 | $32,935,126 |
Seven Hills Anesthesia Llc Medical Services | 12/30/22 | $11,876,579 |
Pepper Construction Company Of Ohio Llc Construction Services | 12/30/22 | $11,156,211 |
Epic Systems Corporation Computer Services | 12/30/22 | $9,289,093 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,683 |
| Related organizations | $0 |
| Government grants | $9,527,183 |
| All other contributions, gifts, grants, and similar amounts not included above | $387,943 |
| Noncash contributions included in lines 1a–1f | $317,064 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,922,809 |
| Total Program Service Revenue | $1,698,292,880 |
| Investment income | $37,676,333 |
| Tax Exempt Bond Proceeds | $188,573 |
| Royalties | $0 |
| Net Rental Income | $440,680 |
| Net Gain/Loss on Asset Sales | $16,430,318 |
| Net Income from Fundraising Events | $97,662 |
| Net Income from Gaming Activities | $5,688 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,768,641,880 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,876,618 |
| 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. | $10,750,739 |
| Compensation of current officers, directors, key employees. | $2,629,172 |
| Compensation to disqualified persons | $799,242 |
| Other salaries and wages | $568,604,434 |
| Pension plan accruals and contributions | $30,955,372 |
| Other employee benefits | $89,147,978 |
| Payroll taxes | $39,278,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,267,320 |
| Fees for services: Accounting | $543,966 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $60,000 |
| Fees for services: Investment Management | $6,729,534 |
| Fees for services: Other | $334,588,314 |
| Advertising and promotion | $6,255,774 |
| Office expenses | $6,186,397 |
| Information technology | $24,259,995 |
| Royalties | $0 |
| Occupancy | $21,181,461 |
| Travel | $592,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,718,564 |
| Interest | $10,510,262 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,422,965 |
| Insurance | $12,735,164 |
| All other expenses | $15,948,532 |
| Total functional expenses | $1,679,838,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,558,922 |
| Savings and temporary cash investments | $137,243,732 |
| Pledges and grants receivable | $11,036,694 |
| Accounts receivable, net | $144,221,253 |
| Loans from Officers, Directors, or Controlling Persons | $17,039,890 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $38,407,016 |
| Inventories for sale or use | $47,798,927 |
| Prepaid expenses and deferred charges | $13,815,573 |
| Net Land, buildings, and equipment | $740,445,882 |
| Investments—publicly traded securities | $562,264,722 |
| Investments—other securities | $908,555,557 |
| Investments—program-related | $38,587,780 |
| Intangible assets | $8,939,499 |
| Other assets | $187,848,530 |
| Total assets | $2,859,763,977 |
| Accounts payable and accrued expenses | $255,967,537 |
| Grants payable | $0 |
| Deferred revenue | $1,823,608 |
| Tax-exempt bond liabilities | $353,405,493 |
| 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 | $246,358,778 |
| Total liabilities | $857,555,416 |
| Net assets without donor restrictions | $1,965,425,313 |
| Net assets with donor restrictions | $36,783,248 |
| 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 | $2,859,763,977 |
Grants Awarded
Over the last fiscal year, St Elizabeth Medical Center Inc has awarded $3,281,280 in support to 88 organizations.
| Grant Recipient | Amount |
|---|---|
A-L TIER II LLC PURPOSE: Program Support | $45,000 |
ALZHEIMERS DISEASE AND RELATED DISORDERS PURPOSE: Program Support | $7,000 |
AMERICAN CANCER SOCIETY INC PURPOSE: Program Support | $17,000 |
AMAZON CAPITAL SERVICES INC PURPOSE: 3rd Party Payment - Car Seat Donations | $7,504 |
AMERICAN HEART ASSOCIATION INC PURPOSE: Program Support | $225,992 |
AMERICAN LUNG ASSOCIATION PURPOSE: Program Support | $15,000 |