Presbyterian Healthcare Services
- Assets
- $4.4b
- Revenue
- $2.3b
- Investments
- $582.7m
- Employees
- 14,663
- Location
- Albuquerque, NM
- Founding
- 01/1964
- Data as of
- 12/2021
- EIN
- 85-0105601
Organization Overview
Presbyterian Healthcare Services is located in Albuquerque, NM. The organization was established in 1964. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2022, Presbyterian Healthcare Services employed 14,663 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Presbyterian Healthcare Services 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 12/2021, Presbyterian Healthcare Services generated $2.3b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $2.2b during the year ending 12/2021. While expenses have increased by 5.8% 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.
Since 2014, Presbyterian Healthcare Services has awarded 140 individual grants totaling $10,625,920. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IN A STATE WHERE MORE THAN 50 PERCENT OF THE POPULATION IS EITHER UNINSURED OR COVERED THROUGH THE MEDICAID PROGRAM, PRESBYTERIAN HEALTHCARE SERVICES AND ITS AFFILIATES SERVED MORE THAN 950,000 NEW MEXICANS IN 2022.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O FOR DETAIL
SEE SCHEDULE O FOR DETAIL
SEE SCHEDULE O FOR DETAIL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President & CEO / Director | OfficerTrustee | 40 | $3,154,676 |
Name Not Listed Director | Trustee | 1 | $6,000 |
Name Not Listed Director | Trustee | 40 | $393,904 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $7,000 |
Name Not Listed Director | Trustee | 1 | $6,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medefis Inc Contingent Labor | 12/30/22 | $118,834,888 |
Tricore Laboratory Services Corp Labratory Services | 12/30/22 | $76,452,589 |
Jaynes Corporation Construction Services | 12/30/22 | $47,084,108 |
Prolink Healthcare Llc Staffing Services | 12/30/22 | $25,467,438 |
T-systems North America Inc Data Hosting Services | 12/30/22 | $16,515,659 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,844,673 |
| Investment income | $50,654,368 |
| Tax Exempt Bond Proceeds | $21,851 |
| Royalties | $0 |
| Net Rental Income | -$608,671 |
| Net Gain/Loss on Asset Sales | $118,138,911 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,276,662,762 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $290,770 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $18,023,606 |
| Compensation to disqualified persons | $1,244,207 |
| Other salaries and wages | $812,697,183 |
| Pension plan accruals and contributions | $43,029,042 |
| Other employee benefits | $144,982,667 |
| Payroll taxes | $57,384,535 |
| Fees for services: Management | $5,922,903 |
| Fees for services: Legal | $8,456,640 |
| Fees for services: Accounting | $1,387,848 |
| Fees for services: Lobbying | $262,563 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,592,702 |
| Fees for services: Other | $289,441,308 |
| Advertising and promotion | $3,873,604 |
| Office expenses | $10,277,785 |
| Information technology | $68,097,723 |
| Royalties | $0 |
| Occupancy | $16,041,634 |
| Travel | $3,564,920 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $667,834 |
| Interest | $34,138,252 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97,508,858 |
| Insurance | $65,898,548 |
| All other expenses | $0 |
| Total functional expenses | $2,198,751,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $527,791 |
| Savings and temporary cash investments | $137,821,621 |
| Pledges and grants receivable | $4,639,577 |
| Accounts receivable, net | $258,921,808 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,673,758 |
| Prepaid expenses and deferred charges | $26,573,208 |
| Investments—publicly traded securities | $1,831,036,407 |
| Investments—other securities | $582,697,076 |
| Investments—program-related | $16,858,966 |
| Intangible assets | $55,541,007 |
| Other assets | $380,501,132 |
| Total assets | $4,363,685,695 |
| Accounts payable and accrued expenses | $246,961,209 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,007,951,762 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $159,923,490 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $680,203,571 |
| Total liabilities | $2,095,040,032 |
| Net assets without donor restrictions | $2,268,645,663 |
| 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 | $2,268,645,663 |
Grants Awarded
Over the last fiscal year, Presbyterian Healthcare Services has awarded $1,028,317 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ALBUQ HLTHCARE FOR THE HOMELESS PURPOSE: GENERAL SUPPORT | $70,500 |
NATIONAL ALLIANCE ON MENTAL ILLNESS PURPOSE: GENERAL SUPPORT | $10,000 |
AMERICAN DIABETES ASSOCIATION PURPOSE: GENERAL SUPPORT | $7,500 |
RIO ARRIVA COUNTY MILL LEVY DONATION PURPOSE: GENERAL SUPPORT | $715,113 |
UNITED WAY OF ESTRN NM PURPOSE: GENERAL SUPPORT | $14,313 |
WESST PURPOSE: GENERAL SUPPORT | $23,000 |