Renown Transitional Care Services
- Assets
- $618.6m
- Revenue
- $160.1m
- Investments
- $157.9m
- Employees
- 0
- Location
- Reno, NV
- Founding
- 05/1989
- Data as of
- 06/2022
- EIN
- 88-0231828
Organization Overview
Renown Transitional Care Services, operating under the name Renown Medical Group-Women's Health, is located in Reno, NV. The organization was established in 1989. According to its NTEE Classification (E40) the organization is classified as: Reproductive Health Care, 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 Group-Women's Health 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, Renown Medical Group-Women's Health generated $160.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 47.5% each year . All expenses for the organization totaled $7.6m during the year ending 06/2022. While expenses have increased by 1.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WOMEN'S HEALTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE ORENOWN TRANSITIONAL CARE SERVICES OPERATES RENOWN MEDICAL GROUP - WOMEN'S HEALTH. RENOWN REGIONAL MEDICAL CENTER IS THE BIRTHPLACE OF TWO-THIRDS OF ALL BABIES BORN IN THE AREA. THROUGH WOMEN'S HEALTH NO PATIENT IS DENIED SERVICE BASED ON INABILITY TO MAKE PAYMENT. WOMEN'S HEALTH HAS DEMONSTRATED THAT ACCESSIBLE, PRENATAL CARE WHERE HIGH-RISK PREGNANCIES ARE MONITORED AND TREATED IMPROVES OUTCOMES AND REDUCES COSTS FOR THE COMMUNITY. AT THE END OF 2022, A LOCAL MATERNAL CHILD SERVICE LOCATION CLOSED ITS DOORS, AND MANY OF THESE WOMEN NOW RECEIVE CARE THROUGH WOMEN'S HEALTH. WOMEN'S HEALTH GIVES EXPECTANT MOMS A PROGRAM THAT INCLUDES PRENATAL VISITS WITH A PHYSICIAN OR NURSE PRACTITIONER, LABORATORY TESTING AND OTHER REQUIRED SERVICES, THE BABY'S BIRTH AT RENOWN REGIONAL MEDICAL CENTER AND A NEWBORN VISIT AT THE HOSPITAL FROM THE BABY'S PEDIATRICIAN. FOR THE SIX-MONTH PERIOD ENDED DECEMBER 31, 2022, RENOWN TRANSITIONAL CARE SERVICES, 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Erling President/ceo (nov-Dec) | OfficerTrustee | 1 | $0 |
Thomas Graf - Ceo Jul-Nov Chief Clinical & Quality Officer | OfficerTrustee | 1 | $0 |
Tammy Dermody Secretary & Vice Chair | OfficerTrustee | 3 | $0 |
Adam Kramer Chair | OfficerTrustee | 3 | $0 |
Bijel Doshi Treasurer | OfficerTrustee | 3 | $0 |
James Devolld Past Chair | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of Nevada Reno Medical Services | 12/30/22 | $159,521 |
Us Bank Investment Management Fees | 12/30/22 | $246,080 |
Blackrock Financial Management Inc Investment Management Fees | 12/30/22 | $961,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,752,584 |
| 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 | $1,752,584 |
| Total Program Service Revenue | $3,436,183 |
| Investment income | $14,996,347 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $139,961,276 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $160,146,390 |
| 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 | $2,635,198 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $438,833 |
| Payroll taxes | $0 |
| 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 | $2,412,549 |
| Fees for services: Other | $1,010,120 |
| Advertising and promotion | $0 |
| Office expenses | $347,104 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $276,509 |
| Travel | $0 |
| 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 | $58,963 |
| Insurance | $11,830 |
| All other expenses | $5,423 |
| Total functional expenses | $7,578,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,805,702 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $294,123 |
| 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 | $7,263 |
| Net Land, buildings, and equipment | $6,360,567 |
| Investments—publicly traded securities | $446,126,037 |
| Investments—other securities | $157,944,040 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,071,643 |
| Total assets | $618,609,375 |
| Accounts payable and accrued expenses | $1,433,369 |
| 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 | $2,002,398 |
| Total liabilities | $3,435,767 |
| Net assets without donor restrictions | $615,173,608 |
| 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 | $618,609,375 |