GRADY MEMORIAL HOSPITAL CORPORATION

EIN: 262037695 501(c)(3) Health Care

ATLANTA, GA

Total Revenue
$2,689,147,008
Total Expenses
$2,433,877,422
Total Assets
$2,377,136,159
Net Assets
$1,777,334,188
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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
GA
Principal Officer
JOHN M HAUPERT PRESIDENT AND CEO
Phone
4046161846
Tax Period
2024-01-01 to 2024-12-31

GRADY MEMORIAL HOSPITAL CORPORATION, founded in 2008, is a large national nonprofit in the Health Care sector that reported $2.7B in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.4B left a modest 9% surplus.

Mission

GRADY HEALTH SYSTEM IMPROVES THE HEALTH OF THE COMMUNITY BY PROVIDING QUALITY, COMPREHENSIVE HEALTHCARE IN A COMPASSIONATE, CULTURALLY COMPETENT, ETHICAL, AND FISCALLY RESPONSIBLE MANNER. GRADY MAINTAINS ITS COMMITMENT TO THE UNDERSERVED OF FULTON AND DEKALB COUNTIES WHILE ALSO PROVIDING CARE TO RESIDENTS OF METRO ATLANTA AND GEORGIA. GRADY LEADS THROUGH CLINICAL EXCELLENCE, INNOVATIVE RESEARCH AND PROGRESSIVE MEDICAL EDUCATION AND TRAINING.

Program Service Accomplishments

Program 1
Expenses: $604,142,895 Revenue: $614,744,756

4A PROGRAM SERVICE -CHARITY, UNINSURED, UNDERINSURED AND INDIGENT CARE: IN THE 1800'S ATLANTA'S INDIGENT SICK HAD NO PLACE TO GO TO RECEIVE MEDICAL TREATMENT FOR ILLNESS OR INJURY. THEREFORE, A DRIVE...

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4A PROGRAM SERVICE -CHARITY, UNINSURED, UNDERINSURED AND INDIGENT CARE: IN THE 1800'S ATLANTA'S INDIGENT SICK HAD NO PLACE TO GO TO RECEIVE MEDICAL TREATMENT FOR ILLNESS OR INJURY. THEREFORE, A DRIVE WAS BEGUN TO BUILD GRADY MEMORIAL HOSPITAL (GRADY). ON JUNE 1, 1892, GRADY ADMITTED ITS FIRST PATIENT. AS OF TODAY, GRADY CONTINUES TO BE THE SAFETY NET HOSPITAL FOR THE UNINSURED AND UNDERINSURED CITIZENS OF FULTON AND DEKALB COUNTIES AND THE STATE OF GEORGIA. AS THE LARGEST SAFETY NET HOSPITAL IN THE STATE AND ONE OF THE LARGEST IN THE COUNTRY, ITS MISSION IS (1) TO PROVIDE MEDICAL SERVICES TO UNINSURED, UNDERINSURED, OR INDIGENT PATIENTS; (2) TO PROVIDE AN OPEN ACCESS POLICY FOR RESIDENTS OF FULTON AND DEKALB COUNTIES REGARDLESS OF THEIR ABILITY TO PAY; (3) AND TO PROVIDE A PROVISION FOR SIGNIFICANT UNCOMPENSATED INDIGENT AND CHARITY CARE. DURING 2024, GRADY PROVIDED CARE TO 88,051 UNDER AND UNINSURED PATIENTS WHICH REPRESENT APPROXIMATELY 50% OF ITS TOTAL PATIENTS WITH ABOUT 388,158 PATIENT ENCOUNTERS, COSTING APPROXIMATELY $605M. GRADY RECEIVES SOME REIMBURSEMENT FROM FULTON AND DEKALB COUNTIES, MEDICAID, AND SOME FUNDING FROM THE STATE OF GEORGIA'S INDIGENT CARE TRUST FUND (INCLUDING FEDERAL MATCHING FUNDS) TO HELP SUPPORT THE COSTS OF CARING FOR SO MANY IN THE REGION. GRADY HAS BEEN AND CONTINUES TO BE SIGNIFICANTLY CHALLENGED BY THE FINANCIAL BURDEN OF PROVIDING SO MUCH FREE CARE TO THE REGION.

Program 2
Expenses: $107,939,043 Revenue: $73,780,708

4B PROGRAM SERVICE -GRADUATE MEDICAL EDUCATION: GRADY MEMORIAL HOSPITAL CORPORATION (GMHC) HAS AFFILIATION AGREEMENTS WITH EMORY UNIVERSITY AND MOREHOUSE SCHOOLS OF MEDICINE TO SUPPORT THE TEACHING...

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4B PROGRAM SERVICE -GRADUATE MEDICAL EDUCATION: GRADY MEMORIAL HOSPITAL CORPORATION (GMHC) HAS AFFILIATION AGREEMENTS WITH EMORY UNIVERSITY AND MOREHOUSE SCHOOLS OF MEDICINE TO SUPPORT THE TEACHING AND SUPERVISION OF RESIDENTS IN THE ORGANIZATION, AS WELL AS TO PROVIDE PROFESSIONAL CLINICAL AND ADMINISTRATIVE SERVICES. IN 2024 MORE THAN 1,000 RESIDENTS AND FELLOWS FROM EMORY AND MOREHOUSE PROGRAMS ROTATED THROUGH A BROAD SPECTRUM OF SERVICES IN THE ORGANIZATION. ADDITIONALLY, HUNDREDS OF MEDICAL STUDENTS BENEFITED FROM TRAINING IN THE ORGANIZATION. GMHC OFFERS UNIQUE LEARNING EXPERIENCES FOR RESIDENTS BY PROVIDING EXPOSURE TO TRAUMA, BURN, INFECTIOUS DISEASE, SICKLE CELL, NEUROLOGY AND OTHER COMPLEX CASES AND HOSTS A SIGNIFICANT NUMBER OF CLINICAL RESEARCH TRIALS TO ENHANCE THE RESIDENTS' EDUCATIONAL EXPERIENCE. GMHC PROVIDED ABOUT $108M IN SUPPORT RELATIVE TO TEACHING SERVICES. IN 2024, REIMBURSEMENT FOR TEACHING SERVICES FROM MEDICARE, MEDICAID AND OTHER GOVERNMENTAL FUNDS TOTALED ABOUT $74M.

Program 3
Expenses: $141,665,464 Revenue: $240,285,100

4C PROGRAM SERVICE - EMERGENCY AND TRAUMA SERVICES: GRADY OPERATES ONE OF THE BUSIEST EMERGENCY DEPARTMENTS IN THE EASTERN UNITED STATES AND THE COUNTRY'S LARGEST HOSPITAL-BASED AMBULANCE SERVICE...

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4C PROGRAM SERVICE - EMERGENCY AND TRAUMA SERVICES: GRADY OPERATES ONE OF THE BUSIEST EMERGENCY DEPARTMENTS IN THE EASTERN UNITED STATES AND THE COUNTRY'S LARGEST HOSPITAL-BASED AMBULANCE SERVICE. GMHC OPERATES THE ONLY LEVEL 1 TRAUMA CENTER IN THE ATLANTA METROPOLITAN AREA WHICH HANDLED 15,037 ACUTE TRAUMA CASES IN 2024. ADDITIONALLY, AS PART OF ITS TRAUMA SERVICE, GMHC OPERATES ONE OF ONLY TWO BURN CENTERS IN GEORGIA. THE NATIONALLY ACCLAIMED EMERGENCY CARE CENTER (ECG) HANDLED 148,907 EMERGENCY CASES IN 2024. THE EMERGENCY ROOM WAS THE INTAKE POINT FOR APPROXIMATELY 32,045 OF THE SAFETY NET HOSPITAL'S TOTAL ADMISSIONS. GRADY'S EMS DIVISION STATEWIDE EMS OPERATION IS THE EXCLUSIVE 911 AMBULANCE PROVIDER FOR THE CITY OF ATLANTA INCLUDING SOUTH FULTON COUNTY. THE GRADY EMS TEAM OF APPROXIMATELY 700 EMS PROFESSIONALS MAINTAINS A FLEET OF ABOUT 250 AMBULANCE AND SUPPORT VEHICLES AND HANDLED APPROXIMATELY 180,000 CALLS THROUGHOUT GEORGIA IN 2024. BEYOND EMERGENCY RESPONSE, GRADY EMS OPERATES A MOBILE INTEGRATED HEALTH (MIH) CARE PROGRAM WHICH PROVIDES PRE AND POST HOSPITAL CARE FOR PATIENTS IN AN EFFORT TO REDUCE THE STRAIN ON EMS AND ECC. THIS PROGRAM EXPANDS ACCESS TO PREVENTATIVE CARE SERVICES, LOWERS READMISSISION RATES, SHORTENS HOSPITAL STAYS, AND INCLUDES MOBILE MAMMOGRAPHY SCREENINGS FOR COMMUNITY OUTREACH. GRADY EMS OPERATES ATLANTA'S LARGEST SPECIALIZED EVENT EMS DIVISION SERVING STADIUMS, CONCERTS, MARATHONS, AND FESTIVALS THROUGHOUT THE CITY OF ATLANTA. GRADY EMS OPERATIONAL STANDARDS FUNCTION IN COMPLIANCE WITH STANDARDS DEFINED BY THE JOINT COMMISSION, THE AMERICAN COLLEGE OF SURGEONS, AND THE GEORGIA DEPARTMENT OF COMMUNITY HEALTH. THIS IS AN IMPORTANT DISTINCTION AND HOLDS OUR EMS DIVISION TO THE HIGHEST STANDARDS ENSURING A COMPLIANT, ETHICAL AND CONFIDENTIAL OPERATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $224,838,794
Program Service Revenue $2,400,497,511
Investment Income $16,201,271
Other Revenue $47,609,432
TOTAL REVENUE $2,689,147,008

Expense Breakdown

Grants Paid $16,134,785
Salaries & Benefits $1,002,916,363
Fundraising Expenses $0
Program Expenses $2,012,878,896
Other Expenses $1,414,826,274
TOTAL EXPENSES $2,433,877,422

Year-over-Year Comparison

2024 2023 Change
Revenue $2,689,147,008 $2,356,276,582 +0.1%
Expenses $2,433,877,422 $2,185,617,947 +0.1%
Net Income $255,269,586 $170,658,635 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
10675
Volunteers
17

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$3,830,090
Total Directors
20
$2,698,520
Key Employees
6
$4,750,155
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN M HAUPERT FACHE PRESIDENT/CEO 40
Officer Director
$2,659,735 $38,785 $2,698,520
ANTHONY SAUL SR EVP/COO/CFO 40
Officer
$1,086,834 $44,736 $1,131,570
SAMUAL TODD SVP/CHIEF ACUTE CARE SURGERY 40
Key Emp
$987,623 $38,785 $1,026,408
ROBERT JANSEN EVP/CMO 40
Key Emp
$965,792 $56,912 $1,022,704
TIMOTHY JEFFERSON EVP/GENERAL COUNSEL 40
Highest
$845,135 $47,225 $892,360
BENJAMIN MCKEEBY SVP/CIO 40
Highest
$734,772 $41,304 $776,076
RICHARD ROCHE EVP/CHIEF PEOPLE OFFICER 40
Highest
$736,233 $32,034 $768,267
MARY SALE EVP/CHIEF STRATEGY OFFICER 40
Key Emp
$746,517 $18,114 $764,631
KELLEY CARROLL EVP/CHIEF AMBULATORY OFFICER 40
Key Emp
$716,123 $42,477 $758,600
MICHELLE WALLACE EVP/CHIEF NURSING OFFICER 40
Key Emp
$700,775 $12,786 $713,561
YOLANDA WIMBERLY CHIEF HEALTH EQUITY OFFICER 40
Highest
$596,540 $37,887 $634,427
RYAN LOKE SVP/CHIEF HEALTH POLICY OFFICER 40
Highest
$591,249 $20,699 $611,948
GEORGE WILLIAMS III VP PERIOPERATIVE SERVICES 40
Key Emp
$449,965 $14,286 $464,251
LARRY GELLERSTEDT CHAIRMAN 5
Officer Director
$0 $0 $0
BRIAN BLAKE DIRECTOR 2
Director
$0 $0 $0
PEDRO CHERRY DIRECTOR 2
Director
$0 $0 $0
ALICIA IVEY DIRECTOR 2
Director
$0 $0 $0
JAMES H DALLAS DIRECTOR 2
Director
$0 $0 $0
SHAN COOPER DIRECTOR 2
Director
$0 $0 $0
JOHN GREGG DIRECTOR 2
Director
$0 $0 $0
EDWARD J HARDIN DIRECTOR 2
Director
$0 $0 $0
JOHN HOLLINS DIRECTOR 2
Director
$0 $0 $0
SAM JOHNSON DIRECTOR 2
Director
$0 $0 $0
ROBERT SHEFT DIRECTOR 2
Director
$0 $0 $0
MICHAEL HERTZ DIRECTOR 2
Director
$0 $0 $0
RAVI THADHANI DIRECTOR 2
Director
$0 $0 $0
BERNIE TOKARZ DIRECTOR 2
Director
$0 $0 $0
CAROL B TOME DIRECTOR 2
Director
$0 $0 $0
ADRIAN TYNDALL DIRECTOR 2
Director
$0 $0 $0
DAVID C MOODY DIRECTOR 2
Director
$0 $0 $0
ERIC THOMAS DIRECTOR 2
Director
$0 $0 $0
KATHRYN FLOWERS-GLASCO DIRECTOR 2
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,689,147,008 $2,433,877,422 $2,377,136,159 $255,269,586
2023 $2,356,276,582 $2,185,617,947 $2,013,499,028 $170,658,635
2022 $2,032,366,950 $2,013,547,333 $1,558,983,877 $18,819,617
2021 $2,143,155,325 $2,022,170,744 $1,383,912,597 $120,984,581
2020 $2,249,757,509 $2,113,919,529 $1,235,998,165 $135,837,980
2019 $2,032,089,475 $2,002,314,577 $1,004,315,025 $29,774,898
2018 $1,629,852,150 $1,599,231,464 $863,217,521 $30,620,686
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