Providence Hospital
- Assets
- $109.2m
- Revenue
- $267.7m
- Investments
- $0.0
- Employees
- 1,798
- Location
- St Louis, MO
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 63-0288861
Organization Overview
Providence Hospital is located in St Louis, MO. 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 06/2022, Providence Hospital employed 1,798 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Providence Hospital 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, Providence Hospital generated $267.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $291.3m during the year ending 06/2021. While expenses have increased by 3.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH AND WELL-BEING OF ALL PEOPLE IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDENCE HOSPITAL IS A 302-BED HOSPITAL CAMPUS PROVIDING SERVICES WITHOUT REGARD TO PATIENT RACE, CREED, NATIONAL ORIGIN, ECONOMIC STATUS, OR ABILITY TO PAY. DURING FISCAL YEAR 2022, PROVIDENCE HOSPITAL TREATED 12,024 ADULTS AND CHILDREN FOR A TOTAL OF 65,445 PATIENT DAYS OF SERVICE. THE HOSPITAL ALSO PROVIDED SERVICES FOR 130,519 OUTPATIENT VISITS, WHICH INCLUDED 7,683 OUTPATIENT SURGERIES AND 42,032 EMERGENCY ROOM VISITS. SEE SCHEDULE H FOR A NON-EXHAUSTIVE LIST OF COMMUNITY BENEFIT PROGRAMS AND DESCRIPTIONS. AS PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY, THE FILING ORGANIZATION SERVED IN SUPPORT OF ASCENSION'S COMMITMENT TO BOTH CARE FOR PATIENTS AND COMMUNITIES AND SUPPORT CAREGIVERS AND OTHER ASSOCIATES THROUGH THE CHALLENGES OF THE COVID-19 GLOBAL PANDEMIC IN FY22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed President | OfficerTrustee | 0 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fresenius Management Services Commercial Services | 6/29/22 | $761,377 |
Pulmonary Associates Of Mobile Pc Medical Services | 6/29/22 | $550,000 |
Mobile Bay Lithotripsy Llc Medical Services | 6/29/22 | $706,350 |
Imc-cardio-thoracic & Vascular Surgical Asso Medical Services | 6/29/22 | $486,500 |
Cardio-thoracic & Vascular Surgical Asso Medical Services | 6/29/22 | $334,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,420,293 |
| Investment income | $79,088 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $248,026 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $267,665,419 |
| 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. | $526,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,319,331 |
| Pension plan accruals and contributions | $3,092,772 |
| Other employee benefits | $9,347,346 |
| Payroll taxes | $4,774,318 |
| Fees for services: Management | $417,698 |
| Fees for services: Legal | $12,610 |
| Fees for services: Accounting | $3,901 |
| Fees for services: Lobbying | $9,927 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,052,835 |
| Advertising and promotion | $97,492 |
| Office expenses | $665,632 |
| Information technology | $583 |
| Royalties | $0 |
| Occupancy | $2,753,042 |
| Travel | $39,357 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $70,604 |
| Interest | $2,123,865 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,802,249 |
| Insurance | $4,459,578 |
| All other expenses | $0 |
| Total functional expenses | $291,323,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,147 |
| Savings and temporary cash investments | $230,255 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,567,307 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,119,482 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,026,147 |
| Other assets | $5,717,576 |
| Total assets | $109,211,345 |
| Accounts payable and accrued expenses | $15,654,476 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $141,215,274 |
| Total liabilities | $156,869,750 |
| 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 | -$47,658,405 |
Grants Awarded
Over the last fiscal year, Providence Hospital has awarded $1,063,999 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PROVIDENCE FOUNDATION PURPOSE: GENERAL SUPPORT | $1,045,640 |
MEDSURPLUS ALLIANCE PURPOSE: General Support | $18,359 |