Selecthealth Inc
- Assets
- $1.9b
- Revenue
- $4.2b
- Investments
- $0.0
- Employees
- 2,311
- Location
- Murray, UT
- Founding
- 06/1985
- Data as of
- 12/2022
- EIN
- 87-0409820
Organization Overview
Selecthealth Inc is located in Murray, UT. The organization was established in 1985. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 12/2022, Selecthealth Inc employed 2,311 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Selecthealth Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Selecthealth Inc generated $4.2b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $4.1b during the year ending 12/2022. While expenses have increased by 7.1% per year over the past 8 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, Selecthealth Inc has awarded 69 individual grants totaling $3,658,593. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON APRIL 1, 2022, SISTERS OF CHARITY OF LEAVENWORTH HEALTH SYSTEM, INC. AFFILIATED WITH INTERMOUNTAIN HEALTH CARE, INC., CREATING A MODEL HEALTH SYSTEM THAT PROVIDES HIGH-QUALITY, ACCESSIBLE, AND AFFORDABLE HEALTHCARE TO COMMUNITIES IN UTAH, IDAHO, NEVADA, COLORADO, MONTANA, WYOMING, AND KANSAS. THE COMBINED HEALTH SYSTEM EMPLOYS NEARLY 60,000 CAREGIVERS, OPERATES 33 HOSPITALS (INCLUDING ONE VIRTUAL HOSPITAL), AND RUNS HUNDREDS OF CLINICS, WHILE PROVIDING HEALTH INSURANCE TO OVER ONE MILLION PEOPLE IN UTAH, IDAHO AND NEVADA.SELECTHEALTH, INC. (SELECTHEALTH OR COMPANY) PROVIDED FINANCIAL SUPPORT TO IMPROVE THE HEALTH OF INDIVIDUALS IN THE COMMUNITIES IT SERVED. (SEE SCH. O FOR CONTINUATION)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Marc Harrison MD Trustee (partial) | Trustee | 1 | $0 |
Albert R Zimmerli Trustee | Trustee | 1 | $0 |
Robert W Allen Trustee (partial) | Trustee | 2 | $0 |
Mark R Briesacher MD Trustee (partial) | Trustee | 1 | $0 |
Lydia W Jumonville Trustee (partial) | Trustee | 1 | $0 |
James P Valin Trustee (partial) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
St Lukes Regional Medical Center Medical Services | 12/30/22 | $125,245,099 |
University Of Utah Hospitals Medical Services | 12/30/22 | $73,072,136 |
Revere Health Medical Services | 12/30/22 | $57,278,085 |
Mountain West Anesthesia Llc Medical Services | 12/30/22 | $48,315,763 |
St Lukes Jerome Medical Services | 12/30/22 | $31,748,669 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $4,139,289,190 |
| Investment income | $32,228,002 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,901,347 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,165,534,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $408,825 |
| Grants and other assistance to domestic individuals. | $41,946 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,110,856 |
| Compensation of current officers, directors, key employees. | $9,110,856 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,437,667 |
| Pension plan accruals and contributions | $5,877,966 |
| Other employee benefits | $32,409,826 |
| Payroll taxes | $10,918,965 |
| Fees for services: Management | $23,257,323 |
| Fees for services: Legal | $83,236 |
| Fees for services: Accounting | $934,151 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $754,561 |
| Fees for services: Other | $60,469,680 |
| Advertising and promotion | $6,451,403 |
| Office expenses | $19,476,937 |
| Information technology | $3,469,209 |
| Royalties | $0 |
| Occupancy | $15,984,489 |
| Travel | $80,817 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,327,279 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,820,092 |
| Insurance | $0 |
| All other expenses | $4,427,856 |
| Total functional expenses | $4,074,696,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,170 |
| Savings and temporary cash investments | $43,469,165 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $192,494,308 |
| 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 | $13,405,168 |
| Net Land, buildings, and equipment | $32,918,541 |
| Investments—publicly traded securities | $1,554,829,837 |
| Investments—other securities | $0 |
| Investments—program-related | $2,250,125 |
| Intangible assets | $0 |
| Other assets | $63,497,653 |
| Total assets | $1,902,872,967 |
| Accounts payable and accrued expenses | $153,838,195 |
| Grants payable | $0 |
| Deferred revenue | $19,854,444 |
| 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 | $637,800,912 |
| Total liabilities | $811,493,551 |
| Net assets without donor restrictions | $1,091,379,416 |
| 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 | $1,902,872,967 |
Grants Awarded
Over the last fiscal year, Selecthealth Inc has awarded $239,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SLC BIKE SHARE PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $150,000 |
IDAHO SHAKESPEARE FESTIVAL INC PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $12,000 |
OPERA IDAHO INC PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $25,000 |
URBAN FOOD CONNECTIONS OF UTAH PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $12,500 |
UTAH HEALTH POLICY PROJECT PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $11,000 |
NAMPA HARVEST FESTIVAL ASSOCIATION PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $11,000 |