Carson Tahoe Regional Healthcare
- Assets
- $471.5m
- Revenue
- $404.5m
- Investments
- $2.0m
- Employees
- 1,841
- Location
- Carson City, NV
- Founding
- 01/2002
- Data as of
- 12/2023
- EIN
- 88-0502320
Organization Overview
Carson Tahoe Regional Healthcare is located in Carson City, NV. The organization was established in 2002. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2023, Carson Tahoe Regional Healthcare employed 1,841 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carson Tahoe Regional Healthcare 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 12/2023, Carson Tahoe Regional Healthcare generated $404.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $388.2m during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE HEALTH AND WELL-BEING OF THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARSON TAHOE REGIONAL MEDICAL CENTER IS THE MAIN HUB OF CARSON TAHOE HEALTH SYSTEM. LOCATED IN NORTH CARSON CITY, NEVADA, THE REGIONAL MEDICAL CENTER PROVIDES INPATIENT AND OUTPATIENT MEDICAL SERVICES FOR OVER 250,000 PEOPLE. THESE SERVICES ARE PROVIDED REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, DISABILITY, AGE, OR ABILITY TO PAY. CARSON TAHOE'S MISSION IS TO ENHANCE THE HEALTH AND WELL-BEING OF THE COMMUNITIES WE SERVE. CARSON TAHOE REGIONAL MEDICAL CENTER CONSISTS OF AN ACUTE CARE REGIONAL MEDICAL CENTER WITH 211 LICENSED BEDS, OF THOSE 52 ARE BEHAVIORAL HEALTH DESIGNATED, A FREE-STANDING LICENSED EMERGENT CARE CENTER, 2 URGENT CARES, ACCREDITED CANCER CENTER, RETAIL CLINICS, IMAGING CENTERS, PAIN MANAGEMENT CENTER, THERAPY, REHABILITATION (SEE SCHEDULE O)AND SEVERAL MEDICAL OFFICE BUILDINGS. THE REGIONAL MEDICAL CENTER PROVIDES CARE TO PERSONS, SOME OF WHOM ARE COVERED BY GOVERNMENTAL PROGRAMS INCLUDING MEDICARE AND MEDICAID, AS WELL AS MEDICALLY INDIGENT PATIENTS UNABLE TO PAY. THE HOSPITAL SPONSORS HEALTH ACTIVITIES AND PROGRAMS TO SUPPORT THE COMMUNITY, INCLUDING WELLNESS EDUCATION AND SUPPORT. THE HOSPITAL HAD 11,528 INPATIENT DISCHARGES, 56,433 INPATIENT DAYS, AND 100,549 OUTPATIENT VISITS IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Mcfarren Board Chair | OfficerTrustee | 1 | $0 |
Brian Duffrin Board Vice Chair | OfficerTrustee | 1 | $0 |
James Manning Secretary | OfficerTrustee | 1 | $0 |
David Johnnson Ex-Officio (thru 7/23) | Trustee | 1 | $0 |
Phillip O'neill Director | Trustee | 1 | $0 |
Freeman Johnson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cardinal Health 411 Inc Healthcare Services | 12/30/23 | $31,992,985 |
Medline Industries Inc Healthcare Services | 12/30/23 | $2,649,771 |
Clinical Colleagues Inc Medical Consulting & Billing Services | 12/30/23 | $15,336,442 |
Ge Precision Healthcare Llc Healthcare Services | 12/30/23 | $5,277,581 |
Ventas Inc Dba Arhc Ctcrcnv001 Llc Real Estate Services | 12/30/23 | $4,899,427 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,691 |
| Related organizations | $24,500 |
| Government grants | $304,630 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,230,443 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,625,264 |
| Total Program Service Revenue | $394,940,671 |
| Investment income | $6,010,330 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $897,553 |
| Net Gain/Loss on Asset Sales | $30,956 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $2,430 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $404,540,011 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,550,000 |
| Grants and other assistance to domestic individuals. | $232,843 |
| 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 | $104,647,989 |
| Pension plan accruals and contributions | $3,898,580 |
| Other employee benefits | $13,327,750 |
| Payroll taxes | $7,772,240 |
| Fees for services: Management | $23,142,322 |
| 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 | $75,607,531 |
| Advertising and promotion | $0 |
| Office expenses | $5,019,388 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,313,044 |
| Travel | $26,282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,191 |
| Interest | $4,742,018 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,049,613 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $388,242,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,794,569 |
| Pledges and grants receivable | $350,581 |
| Accounts receivable, net | $54,336,214 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,786,217 |
| Prepaid expenses and deferred charges | $6,550,207 |
| Net Land, buildings, and equipment | $185,245,885 |
| Investments—publicly traded securities | $155,898,910 |
| Investments—other securities | $1,959,882 |
| Investments—program-related | $0 |
| Intangible assets | $6,247,916 |
| Other assets | $38,324,010 |
| Total assets | $471,494,391 |
| Accounts payable and accrued expenses | $23,880,684 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $98,272,274 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $29,029,932 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,163,552 |
| Total liabilities | $174,346,442 |
| Net assets without donor restrictions | $297,147,949 |
| 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 | $471,494,391 |
Grants Awarded
Over the last fiscal year, Carson Tahoe Regional Healthcare has awarded $17,300,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CARSON TAHOE PHYSICIAN CLINICS PURPOSE: GENERAL OPERATING SUPPORT | $15,400,000 |
CARSON TAHOE CONTINUING CARE HOSPITAL PURPOSE: GENERAL OPERATING SUPPORT | $1,900,000 |