Presbyterian Healthcare Services
- Assets
- $4.2b
- Revenue
- $2.2b
- Investments
- $346.8m
- Employees
- 14,891
- Location
- Albuquerque, NM
- Founding
- 01/1964
- Data as of
- 12/2020
- 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 12/2021, Presbyterian Healthcare Services employed 14,891 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 12/2020, Presbyterian Healthcare Services generated $2.2b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $2.1b during the year ending 12/2020. While expenses have increased by 5.9% per year over the past 6 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 129 individual grants totaling $9,597,603. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRAL NEW MEXICO DELIVERY SYSTEM - SEE SCHEDULE O FOR DETAIL
REGIONAL DELIVERY SYSTEM - SEE SCHEDULE O FOR DETAIL
HEART AND VASCULAR PROGRAMS - SEE SCHEDULE O FOR DETAIL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Maxwell President & CEO / Director | OfficerTrustee | 40 | $2,722,979 |
Mark R Robinson SVP - Chief Innovation Officer | Officer | 40 | $1,336,901 |
Jason Mitchell MD SVP - Chief Clinical Transform | Officer | 40 | $1,305,406 |
Robert Federici MD Program Mgr - Heart | 40 | $963,851 | |
William Stein MD Md - Peds Cv/ct Surgery | 40 | $934,279 | |
Ryan Burt General Counsel / Secretary | Officer | 40 | $933,456 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tricore Laboratory Services Corp Laboratory Services | 12/30/21 | $73,421,820 |
Medefis Inc Contingent Labor | 12/30/21 | $56,278,493 |
Jaynes Corporation Construction Svcs | 12/30/21 | $66,164,031 |
T-systems North America Inc Data Hosting Svcs | 12/30/21 | $19,454,202 |
Prolink Healthcare Llc Staffing Services | 12/30/21 | $16,113,089 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,737,409 |
| Investment income | $50,092,747 |
| Tax Exempt Bond Proceeds | $874,719 |
| Royalties | $0 |
| Net Rental Income | $640,459 |
| Net Gain/Loss on Asset Sales | $60,211,451 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,166,465,434 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $137,674 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,434,401 |
| Compensation to disqualified persons | $424,037 |
| Other salaries and wages | $812,292,687 |
| Pension plan accruals and contributions | $44,874,017 |
| Other employee benefits | $132,987,671 |
| Payroll taxes | $57,610,479 |
| Fees for services: Management | $4,817,106 |
| Fees for services: Legal | $9,437,384 |
| Fees for services: Accounting | $1,522,552 |
| Fees for services: Lobbying | $318,731 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,734,950 |
| Fees for services: Other | $246,327,816 |
| Advertising and promotion | $2,370,681 |
| Office expenses | $11,305,487 |
| Information technology | $69,360,292 |
| Royalties | $0 |
| Occupancy | $16,189,153 |
| Travel | $3,334,573 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,124,785 |
| Interest | $37,140,912 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,095,945 |
| Insurance | $81,468,662 |
| All other expenses | $0 |
| Total functional expenses | $2,097,027,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $371,959 |
| Savings and temporary cash investments | $255,637,484 |
| Pledges and grants receivable | $2,963,262 |
| Accounts receivable, net | $222,854,129 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,358,015 |
| Prepaid expenses and deferred charges | $37,184,945 |
| Investments—publicly traded securities | $1,848,486,857 |
| Investments—other securities | $346,763,830 |
| Investments—program-related | $32,116,290 |
| Intangible assets | $55,541,007 |
| Other assets | $397,898,010 |
| Total assets | $4,193,918,778 |
| Accounts payable and accrued expenses | $237,096,661 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,027,278,373 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $159,941,823 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $727,782,591 |
| Total liabilities | $2,152,099,448 |
| 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 | $2,041,819,330 |
Grants Awarded
Over the last fiscal year, Presbyterian Healthcare Services has awarded $918,704 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
NEW MEXICO STATE UNIVERSITY PURPOSE: GENERAL SUPPORT | $300,000 |
RIO ARRIBA CTY MILL LEVY-LA CLINICA DEL PUEBLO PURPOSE: GENERAL SUPPORT | $150,454 |
RIO ARRIBA CTY MILL LEVY - EL CENTRO FAMILY HEALTH PURPOSE: GENERAL SUPPORT | $150,454 |
RIO ARRIBA CTY MILL LEVY-HOLY RECOVERY PGRM PURPOSE: GENERAL SUPPORT | $80,841 |
Albuquerque, NM PURPOSE: GENERAL SUPPORT | $79,088 |
RIO ARRIBA CTY MILL LEVY-LA CLINICA DEL NORTE PURPOSE: GENERAL SUPPORT | $67,367 |
Grants Recieved
Over the last fiscal year, we have identified 33 grants that Presbyterian Healthcare Services has recieved totaling $3,167,093.
| Awarding Organization | Amount |
|---|---|
Presbyterian Healthcare Foundation Albuquerque, NM PURPOSE: COVID RESPONSE | $509,183 |
Presbyterian Healthcare Foundation Albuquerque, NM PURPOSE: Provide Support, Fund Equipment, Education, and Other Healthcare Activities | $504,090 |
Presbyterian Healthcare Foundation Albuquerque, NM PURPOSE: PEDIATRIC HEART BYPASS EQUIPMENT | $330,786 |
Presbyterian Healthcare Foundation Albuquerque, NM PURPOSE: NURSING ENGAGEMENT | $235,409 |
Presbyterian Healthcare Foundation Albuquerque, NM PURPOSE: COMMUNITY HEALTH | $191,524 |
Presbyterian Healthcare Foundation Albuquerque, NM PURPOSE: PHYSICIANS ENGAGEMENT | $175,789 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christus Health Irving, TX | $2,730,342,875 | $1,012,200,002 |
Christus Spohn Health System Corporation Corpus Christi, TX | $773,059,009 | $811,978,988 |
Texas Health Resources Arlington, TX | $9,455,761,477 | $1,385,584,603 |
Texas Health Presbyterian Hospital Dallas Dallas, TX | $387,904,806 | $734,427,903 |
Centura Health Corporation Centennial, CO | $510,479,495 | $478,768,711 |
Integris Health Inc Oklahoma City, OK | $2,892,749,612 | $350,408,586 |
Christus Health Ark-La-Tex Texarkana, TX | $179,097,861 | $355,246,256 |
Banner-University Care Advantage Phoenix, AZ | $98,937,833 | $318,721,179 |
Etx Successor System Tyler, TX | $6,821,008 | $298,468,898 |
Cook Childrens Health Care System Fort Worth, TX | $553,188,226 | $282,162,573 |
Scottsdale Healthcare Corp Scottsdale, AZ | $207,971,546 | $191,671,427 |
The Colorado Health Foundation Denver, CO | $3,147,950,102 | $151,395,784 |