St Francis Medical Center Inc
- Assets
- $337.1m
- Revenue
- $382.5m
- Investments
- $99.6m
- Employees
- 2,041
- Location
- Baton Rouge, LA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 72-0408970
Organization Overview
St Francis Medical Center Inc is located in Baton Rouge, LA. 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, St Francis Medical Center Inc employed 2,041 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Francis 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 06/2021, St Francis Medical Center Inc generated $382.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $318.1m during the year ending 06/2021. While expenses have increased by 1.8% 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 PROVIDE FOR THE CARE OF THE ILL, INJURED, OR DISABLED PERSONS (SEE SCHEDULE O) AND TO PROVIDE FOR THE RESEARCH, EDUCATION, AND THE ENHANCEMENT OF HEALTH OF THOSE IN NORTHEAST LOUISIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. FRANCIS MEDICAL CENTER PROVIDES QUALITY HOSPITAL AND MEDICAL SERVICES PRIMARILY TO RESIDENTS OF NORTHEAST LOUISIANA. THE MEDICAL CENTER IS AN ACTIVE, CARING MEMBER OF THE COMMUNITIES IT SERVES. IN CARRYING OUT ITS MISSION OF MEETING THE HEALTHCARE NEEDS OF THE PEOPLE OF GOD, THE MEDICAL CENTER HAS ESTABLISHED A POLICY UNDER WHICH IT PROVIDES CARE TO NEEDY MEMBERS OF ITS COMMUNITIES. FOLLOWING THAT POLICY, HEALTH CARE SERVICES COSTING APPROXIMATELY, $4,583,599 WERE PROVIDED WITHOUT CHARGE. THE MEDICAL CENTER PROVIDED 276 LICENSED BEDS, 71,855 INPATIENT DAYS, 12,149 INPATIENT DISCHARGES, AND 53,684 ER VISITS IN THE YEAR ENDED JUNE 30, 2022.
ST. FRANCIS MEDICAL CENTER'S PHYSICIAN PRACTICE PROVIDES CARE TO THE NEEDY MEMBERS OF ITS COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin S Wolkart Ex-Officio, Pres/ceo Sfmc | OfficerTrustee | 1 | $0 |
Carrie Baker Board Member | Trustee | 1 | $0 |
Sr Helen Cahill Board Member | Trustee | 1 | $0 |
Janet Durden Vice Chair | OfficerTrustee | 1 | $0 |
Thomas J Gullatt MD Ex-Officio, Pres/ceo Sfmc | OfficerTrustee | 40 | $543,106 |
Hill Hinkle MD Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fmol Health System Management Services | 6/29/22 | $44,671,932 |
Specialty Mgmt Ser Of Ouachita Contract Labor Svcs | 6/29/22 | $16,914,846 |
Nela Title Company Llc Legal Services | 6/29/22 | $6,369,850 |
Morrison Mgmt Specialists Dietary Services | 6/29/22 | $5,477,567 |
Trimedx Inc Maintenance Services | 6/29/22 | $5,084,210 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,043,454 |
| Investment income | $731,613 |
| Tax Exempt Bond Proceeds | -$1,579 |
| Royalties | $0 |
| Net Rental Income | $3,989,746 |
| Net Gain/Loss on Asset Sales | $3,213,719 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $382,485,371 |
| 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. | $1,082,471 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,361,877 |
| Pension plan accruals and contributions | $1,161,862 |
| Other employee benefits | $11,967,464 |
| Payroll taxes | $7,570,462 |
| Fees for services: Management | $53,129,673 |
| Fees for services: Legal | $132,165 |
| Fees for services: Accounting | $2,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $202,796 |
| Fees for services: Other | $26,068,281 |
| Advertising and promotion | $283,708 |
| Office expenses | $15,735,760 |
| Information technology | $299,064 |
| Royalties | $0 |
| Occupancy | $7,340,944 |
| Travel | $280,421 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,837 |
| Interest | $4,303,195 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,513,146 |
| Insurance | $3,550,022 |
| All other expenses | $0 |
| Total functional expenses | $318,073,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,054,581 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,890,565 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,197 |
| Inventories for sale or use | $6,427,342 |
| Prepaid expenses and deferred charges | $2,941,403 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $99,554,709 |
| Investments—program-related | $0 |
| Intangible assets | $1,316,350 |
| Other assets | $4,205,477 |
| Total assets | $337,131,087 |
| Accounts payable and accrued expenses | $39,705,855 |
| Grants payable | $0 |
| Deferred revenue | $31,408,546 |
| Tax-exempt bond liabilities | $115,601,574 |
| 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 | $66,386,980 |
| Total liabilities | $253,102,955 |
| 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 | $84,028,132 |