Alexian Brothers Specialty Group
- Assets
- $21.5m
- Revenue
- $58.5m
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 06/2012
- Data as of
- 06/2022
- EIN
- 80-0710751
Organization Overview
Alexian Brothers Specialty Group, operating under the name Cardiovascular Associates at Alexian Brothers Heart and Vascular Institute, is located in St Louis, MO. The organization was established in 2012. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cardiovascular Associates at Alexian Brothers Heart and Vascular Institute 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, Cardiovascular Associates at Alexian Brothers Heart and Vascular Institute generated $58.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $110.3m during the year ending 06/2022. While expenses have increased by 13.6% 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
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
ALEXIAN BROTHERS SPECIALTY GROUP (ABSG) IS COMPRISED OF SPECIALTY FOCUSED EMPLOYED PHYSICIANS OF ALEXIAN BROTHERS HEALTH SYSTEM (ABHS). THE SPECIALTIES INCLUDE CARDIOLOGY, NEUROSCIENCES AND PEDIATRICS. THERE ARE NEARLY 134 PATIENT-CENTERED, COMPASSIONATE AND EXPERTLY-TRAINED PROVIDERS IN ABSG. THE MULTIPLE, CONVENIENT LOCATIONS OF ABSG, IN BOTH THE COMMUNITY AND ON THE CAMPUS OF THE TWO ABHS ACUTE CARE HOSPITALS, OFFER FLEXIBLE ACCESS AND PROMPT TREATMENT FOR A WIDE RANGE OF ISSUES. ABOUT THE ALEXIAN BROTHERS HEALTH SYSTEM: ALEXIAN BROTHERS SPECIALTY GROUP IS A MEMBER OF THE ALEXIAN BROTHERS HEALTH SYSTEM, A COMPREHENSIVE AND DIVERSIFIED HEALTHCARE ORGANIZATION HEADQUARTERED IN THE NORTHWEST SUBURBS OF CHICAGO, SERVING MORE THAN TWO MILLION PEOPLE. ALEXIAN BROTHERS HEALTH SYSTEM IS A MINISTRY ORGANIZATION OF ASCENSION HEALTH, THE LARGEST CATHOLIC HEALTH SYSTEM IN THE NATION. THE ALEXIAN BROTHERS HEALTH SYSTEM PROVIDES THE COMMUNITY WITH A FULL RANGE OF COMPREHENSIVE HEALTHCARE SERVICES AND ACCESS TO THE MOST ADVANCED MEDICAL TECHNOLOGY. WE ARE PASSIONATE ABOUT DELIVERING EXCEPTIONAL HEALTH CARE AND ARE PROUD OF THE POWERFUL, CUTTING EDGE TECHNOLOGY OUR SKILLED PROFESSIONALS ARE ABLE TO ACCESS. IN ADDITION, WE OFFER A WIDE RANGE OF COMMUNITY HEALTH SERVICES, CORPORATE WELLNESS PROGRAMS, PREVENTIVE CARE AND EDUCATION. OUR MINISTRIES EXIST TO CONTINUE THE ALEXIAN BROTHERS MISSION OF CARING FOR THE SICK, THE POOR AND THE DYING AND PROMOTING THE PHYSICAL, MENTAL, SPIRITUAL AND SOCIAL HEALTH AND WELL-BEING OF ALL INDIVIDUALS WE SERVE. 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 President (end 4/2022) | OfficerTrustee | 0 | $0 |
Name Not Listed Secretary/treasurer (end 4/2022) | OfficerTrustee | 0 | $0 |
Name Not Listed Chair/president | OfficerTrustee | 0 | $0 |
Name Not Listed Vice President (start 4/2022)/cfo, Ascension Illinois | OfficerTrustee | 0 | $0 |
Name Not Listed Secretary/treasurer (start 4/2022) | OfficerTrustee | 0 | $0 |
Name Not Listed Assistant Secretary (start 7/2021) | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rush University Medical Center Physician Services | 6/29/22 | $1,350,000 |
Cardiothoracic & Vascular Surgical Association Medical Services | 6/29/22 | $1,094,450 |
Loyola University Medical Center Physician Services | 6/29/22 | $602,822 |
Cardiovascular Management Of Illinois Medical Services | 6/29/22 | $459,798 |
Rajagopal K Reddy Physician Services | 6/29/22 | $384,162 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,150 |
| Government grants | $1,446,743 |
| 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 | $1,447,893 |
| Total Program Service Revenue | $56,943,764 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,412 |
| 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 | $58,469,111 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,532,474 |
| Fees for services: Legal | $12,415 |
| 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 | $4,448,335 |
| Advertising and promotion | $20,222 |
| Office expenses | $474,861 |
| Information technology | $20,559 |
| Royalties | $0 |
| Occupancy | $3,549,226 |
| Travel | $68,772 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $246,568 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $838,773 |
| Insurance | $2,625,991 |
| All other expenses | $503,837 |
| Total functional expenses | $110,316,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $30,026 |
| Accounts receivable, net | $9,486,557 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $72,221 |
| Net Land, buildings, and equipment | $4,582,322 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $142,800 |
| Other assets | $7,152,062 |
| Total assets | $21,466,161 |
| Accounts payable and accrued expenses | $10,226,420 |
| Grants payable | $0 |
| Deferred revenue | $90,566 |
| 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 | $16,949,956 |
| Total liabilities | $27,266,942 |
| Net assets without donor restrictions | -$5,800,781 |
| 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 | $21,466,161 |