St Vincent Medical Group
- Assets
- $59.2m
- Revenue
- $120.0m
- Investments
- $0.0
- Employees
- 269
- Location
- Little Rock, AR
- Founding
- 12/2002
- Data as of
- 06/2022
- EIN
- 71-0830696
Organization Overview
St Vincent Medical Group, operating under the name Chi St Vincent Medical Group, is located in Little Rock, AR. The organization was established in 2002. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 06/2022, Chi St Vincent Medical Group employed 269 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chi St Vincent Medical Group 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 06/2022, Chi St Vincent Medical Group generated $120.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $144.7m during the year ending 06/2022. While expenses have increased by 14.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING HOLISTIC CARE FOCUSING ON THE PHYSICAL, SPIRITUAL & PSYCHO-SOCIAL NEEDS OF PATIENTS. THESE ACTIVITIES TAKE PLACE IN VARIOUS SETTINGS, BUT ALL SPRING FROM THE SAME MISSION & FUNDAMENTAL PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. VINCENT MEDICAL GROUP (SVMG) IS AN ARKANSAS NONPROFIT CORPORATION THAT WAS CREATED TO PROVIDE MEDICAL SERVICES IN THE LITTLE ROCK, ARKANSAS METROPOLITAN AREA. SVMG OWNS AND OPERATES PHYSICIAN CLINICS AND RELATED FACILITIES AND ENGAGES IN ACTIVITIES DESIGNED TO PROMOTE THE HEALTH CARE NEEDS OF THE COMMUNITY, INCLUDING THE PROVISION OF HEALTH CARE SERVICES BY PHYSICIANS AND OTHER HEALTH CARE PROFESSIONALS.SVMG CURRENTLY PROVIDES PHYSICIAN SERVICES AT SEVENTEEN CLINIC LOCATIONS AND THREE HOSPITAL LOCATIONS THROUGH ONE HUNDRED TWO PHYSICIAN EMPLOYEES. SVMG PROVIDES A BROAD RANGE OF PROFESSIONAL MEDICAL SERVICES AT ITS CLINICS OF THE TYPE NORMALLY PROVIDED AT OUTPATIENT CLINICS. THESE CLINICS PROVIDE THE HEALTH CARE SERVICES OF NONPHYSICIAN PROFESSIONALS, INCLUDING A NURSE PRACTITIONER AND NURSES. SVMG ALSO PROVIDES ANCILLARY SERVICES, INCLUDING RADIOLOGY (INCLUDING SCREENING MAMMOGRAPHY, BONE DENSITOMETRY SCANNING, AND GENERAL EXTREMITY AND CHEST X-RAY), CLIA-WAIVED LABORATORY TESTING, TREADMILL STRESS TESTING, EKG, PULSE OXIMETRY, AUDIOMETRY, PHYSICAL THERAPY, INJECTION AND ULTRASOUND SERVICES. SVMG PROVIDES MEDICAL CARE SERVICES ON A NONDISCRIMINATORY BASIS TO ALL PERSONS IN THE COMMUNITY. SVMG PARTICIPATES IN THE MEDICARE AND MEDICAID PROGRAMS IN A NONDISCRIMINATORY MANNER. IN ADDITION, SVMG PROVIDES HEALTH CARE SERVICES TO ALL INDIVIDUALS REGARDLESS OF ABILITY TO PAY, IN ACCORDANCE WITH SVMG'S CHARITY CARE POLICY. IN ADDITION, SVMG REQUIRES EACH EMPLOYED PHYSICIAN TO COOPERATE WITH THE COMMUNITY SERVICE ACTIVITIES CONSISTENT WITH FURTHERANCE OF SVMG'S CHARITABLE MISSION, INCLUDING THE PHYSICIAN'S PARTICIPATION IN COMMUNITY HEALTH AND WELLNESS EDUCATION, COMMUNITY SERVICE ACTIVITIES AND TREATMENT OF INDIGENT AND CHARITY CARE PATIENTS.SVMG'S SOLE CORPORATE MEMBER IS ST. VINCENT INFIRMARY MEDICAL CENTER (SVIMC), AN ARKANSAS NONPROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED UNDER 501 (C)(3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Schumacher Senior Vp-Operations-Ceo / Board Member | OfficerTrustee | 1 | $0 |
Ali Krisht Neurosurgeon | 40 | $2,521,950 | |
Tarek Abuelem Neurosurgeon | 40 | $1,644,013 | |
Christopher Young Orthopedist General | 0 | $0 | |
Daniel Brown Gastroenterologist | 40 | $1,357,125 | |
Chad Aduddell Market CEO | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Engagemed Inc Consulting Services | 6/29/22 | $42,634,446 |
Texas Digestive Disease Cons Gastroenterology | 6/29/22 | $498,122 |
Grifols Usa Llc Medical Services | 6/29/22 | $442,271 |
Laboratory Corporation Of America Lab And Diagnostic Services | 6/29/22 | $429,481 |
Scott Lanyard Llc Construction Services | 6/29/22 | $153,608 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $38,959 |
| Government grants | $619,607 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $658,566 |
| Total Program Service Revenue | $119,087,805 |
| Investment income | $6,750 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $119,975,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $582,662 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,198,935 |
| Pension plan accruals and contributions | $433,806 |
| Other employee benefits | $6,438,541 |
| Payroll taxes | $3,516,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,647,585 |
| Advertising and promotion | $33 |
| Office expenses | $861,881 |
| Information technology | $2,117,904 |
| Royalties | $0 |
| Occupancy | $6,784,960 |
| Travel | $56,870 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,630 |
| Interest | $0 |
| Payments to affiliates | $3,323,711 |
| Depreciation, depletion, and amortization | $1,695,786 |
| Insurance | $259,313 |
| All other expenses | -$452,600 |
| Total functional expenses | $144,746,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,154 |
| Savings and temporary cash investments | $1,017,760 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,627,700 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $183,909 |
| Inventories for sale or use | $2,534,459 |
| Prepaid expenses and deferred charges | $71,585 |
| Net Land, buildings, and equipment | $7,212,596 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,577,730 |
| Total assets | $59,228,893 |
| Accounts payable and accrued expenses | $13,845,485 |
| 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 | $240,079,554 |
| Total liabilities | $253,925,039 |
| Net assets without donor restrictions | -$194,696,146 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $59,228,893 |