Renown Medical School Associates North Inc is located in Reno, NV. The organization was established in 1998. 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. Renown Medical School Associates North 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 12/2022, Renown Medical School Associates North Inc generated $5.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $7.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 8 years. 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 PROVIDE PATIENT CARE SERVICES, MEDICAL EDUCATION, AND SCIENTIFIC RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE ORENOWN MEDICAL SCHOOL ASSOCIATES NORTH ("RMSAN") PROVIDES PATIENT CARE SERVICES, MEDICAL EDUCATION, AND SCIENTIFIC RESEARCH. RMSAN PROVIDES CARE TO A DIVERSE PATIENT POPULATION WHILE PROVIDING CLINICAL EDUCATIONAL EXPERIENCES FOR MEDICAL STUDENTS, RESIDENTS, AND FELLOWS. RMSAN IS COMPRISED OF SEVEN CLINICAL DEPARTMENTS INCLUDING FAMILY MEDICINE, INTERNAL MEDICINE, PEDIATRICS, OBSTETRICS/GYNECOLOGY, PSYCHIATRY, SPEECH PATHOLOGY AND AUDIOLOGY AND PATHOLOGY. IN 2021, RENOWN MEDICAL SCHOOL ASSOCIATES NORTH ENTERED INTO AN AFFILIATION AGREEMENT (THE "AFFILIATION") BY AND AMONG RENOWN MEDICAL SCHOOL ASSOCIATES NORTH, RENOWN HEALTH ("RENOWN"), THE BOARD OF REGENTS OF THE NEVADA SYSTEM OF HIGHER EDUCATION ON BEHALF OF THE UNIVERSITY OF NEVADA, RENO AND ITS SCHOOL OF MEDICINE: THE UNIVERSITY OF NEVADA, RENO SCHOOL OF MEDICINE ("UNR MED") TO MORE EFFICIENTLY ADVANCE THEIR SHARED CLINICAL, RESEARCH AND EDUCATIONAL PURPOSES. THE AFFILIATION RESULTED IN THE INTEGRATION OF MEDICAL EDUCATION, CLINICAL RESEARCH AND CLINICAL PRACTICE ACTIVITIES BETWEEN UNR MED AND RENOWN. THE AFFILIATION IS A LONG-TERM COMMITMENT THAT ESTABLISHES NEVADA'S FIRST INTEGRATED HEALTH SYSTEM TO ADVANCE HEALTH AND HEALTH CARE THROUGH WORLD-CLASS MEDICAL EDUCATION, CLINICAL RESEARCH AND PATIENT CARE AND TRANSFORMS THE DELIVERY OF HEALTHCARE SERVICES AND CREATION OF HEALTHY COMMUNITIES THROUGHOUT NEVADA. THE GOAL OF THE AFFILIATION IS AN INTEGRATED CLINICAL, EDUCATIONAL AND RESEARCH RELATIONSHIP WITH A SHARED VISION, ALIGNED GOVERNANCE, AND UNIFIED LEADERSHIP, THROUGH COMBINED EFFORTS WORKING TOWARDS THE UNIFIED VISION OF "A HEALTHY NEVADA." THE AFFILIATION HAS A MISSION OF: IMPROVING QUALITY PATIENT CARE; INCREASING ACCESS TO CARE FOR ALL, INCLUDING CREATING NEW CLINICAL SPECIALTY PROGRAMS TO SERVE THE COMMUNITY; CREATING NEW CLINICAL TRAINING EXPERIENCES FOR RESIDENTS AND STUDENTS; PROVIDING NEW PATIENT ACCESS TO CLINICAL TRIALS; EXPANDING THE RESEARCH CAPABILITIES OF ALL PARTIES; CREATING NEW RESIDENCY SPECIALTIES; INCREASING MEDICAL SCHOOL STUDENT CLASS SIZES; AND, RECRUITING PHYSICIANS TO GROW CLINICAL, EDUCATIONAL AND RESEARCH PROGRAMS. THE AFFILIATION ADDRESSES THE PROVIDER GAP AND INCREASES ACCESS TO CARE BY DEVELOPING NEW AND INNOVATIVE WAYS TO TRAIN AND RETAIN THE NEXT GENERATION OF NEVADA'S HEALTH CARE PROFESSIONALS. FOR THE SIX-MONTH PERIOD ENDED DECEMBER 31, 2022, RENOWN MEDICAL SCHOOL ASSOCIATES NORTH, ALONG WITH ITS PARENT, RENOWN HEALTH AND ITS SUBSIDIARIES, PROVIDED APPROXIMATELY $99 MILLION IN BENEFIT TO THE COMMUNITY (USING COMMUNITY BENEFIT NUMBERS GATHERED BY THE NEVADA HOSPITAL ASSOCIATION USING STATE-APPROVED CRITERIA TO ENSURE CONSISTENCY). FOR A FULL REPORT ON THE BENEFIT RENOWN HEALTH PROVIDED TO OUR COMMUNITY, AS WELL AS OUR COMMUNITY NEEDS ASSESSMENT AND COMMUNITY BENEFIT PLAN, GO TO HTTPS://WWW.RENOWN.ORG/ABOUT/COMMUNITY-COMMITMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Josiah Johnson - President (jul-Nov)/chief Of Staff | OfficerTrustee | 2 | $0 |
David Hansen - President And Chair/ceo Hometown Health (jul-Oct) | OfficerTrustee | 3 | $0 |
Thomas Graf - Ceo Jul-Nov /chief Clinical And Quality Officer | Officer | 2 | $0 |
Ann Beck Chief Financial Officer | Officer | 1 | $0 |
Bethany Sexton - President And Chair/ceo (oct-Dec) | OfficerTrustee | 3 | $0 |
Sean Hawthorne - Treasurer (jul-Oct)/vp Of Finance | OfficerTrustee | 3 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
University Of Nevada School Of Medicine Medical Services | 12/30/22 | $10,664,637 |
Zephyr Building Service Llc Cleaning Services | 12/30/22 | $273,254 |
Isaacson Miller Inc Recruitment Services | 12/30/22 | $170,625 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $78,667 |
Government grants | $0 |
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 | $78,667 |
Total Program Service Revenue | $5,107,992 |
Investment income | $0 |
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 | $5,186,659 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $175,000 |
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 | $1,057,949 |
Pension plan accruals and contributions | $3,827 |
Other employee benefits | $129,304 |
Payroll taxes | $69,657 |
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 | $3,954,357 |
Advertising and promotion | $0 |
Office expenses | $37,028 |
Information technology | $27,054 |
Royalties | $0 |
Occupancy | $779,324 |
Travel | $691 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $563,724 |
Insurance | $60,438 |
All other expenses | $321,634 |
Total functional expenses | $7,683,986 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,780 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,893,624 |
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 | $212,594 |
Net Land, buildings, and equipment | $2,701,997 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $16,257,073 |
Total assets | $22,071,068 |
Accounts payable and accrued expenses | $1,023,168 |
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 | $3,351,543 |
Total liabilities | $4,374,711 |
Net assets without donor restrictions | $17,696,357 |
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 | $22,071,068 |