Memorial Hospital of South Bend Inc

EIN: 350868132 501(c)(3) Health Care

SOUTH BEND, IN

Total Revenue
$730,542,248
Total Expenses
$591,796,079
Total Assets
$668,333,733
Net Assets
$382,437,988
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Organization Details

Formation Year
1923
Legal Domicile
IN
Phone
5746473549
Tax Period
2023-01-01 to 2023-12-31

Memorial Hospital of South Bend Inc, founded in 1923, is a major nonprofit in the Health Care sector that reported $730.5M in total revenue in fiscal year 2023. The organization ran a surplus of $138.7M, a strong 19% operating margin.

Mission

WE DELIVER OUTSTANDING CARE, INSPIRE HEALTH AND CONNECT WITH HEART.

Program Service Accomplishments

Program 1
Expenses: $143,370,889 Revenue: $397,565,141

ANCILLARY SERVICES OFFERS THE FOLLOWING SERVICES FOR PATIENTS AND FACILITIES: - IMAGING SERVICES - OUTPATIENT PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY - INFUSION TREATMENTS - RADIATION ONCOLOGY...

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ANCILLARY SERVICES OFFERS THE FOLLOWING SERVICES FOR PATIENTS AND FACILITIES: - IMAGING SERVICES - OUTPATIENT PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY - INFUSION TREATMENTS - RADIATION ONCOLOGY THERAPY - CANCER RESEARCH - CARDIAC CATH LAB - SLEEP LAB - INTERVENTIONAL RADIOLOGY - ENVIRONMENTAL SERVICES - NUTRITIONAL SERVICES - PHARMACY SERVICES - LABORATORY. 2023 STATISTICS FOR THIS SERVICE UNIT INCLUDE: - 718,933 INPATIENT PROCEDURES - 566,859 OUTPATIENT PROCEDURES - 1,466 INPATIENT CATHS - 1,504 OUTPATIENT CATHS - 1,849 OUTPATIENT VISITS.

Program 2
Expenses: $138,817,266 Revenue: $172,271,417

PATIENT CARE UNIT SERVICES PROVIDES A WIDE VARIETY OF HOSPITAL SERVICES INCLUDING: - INPATIENT REHABILITATION CARF (COMMISSION ON ACCREDITATION OF REHABILITATION FACILITIES) ACCREDITED - MEDICAL -...

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PATIENT CARE UNIT SERVICES PROVIDES A WIDE VARIETY OF HOSPITAL SERVICES INCLUDING: - INPATIENT REHABILITATION CARF (COMMISSION ON ACCREDITATION OF REHABILITATION FACILITIES) ACCREDITED - MEDICAL - POST SURGICAL - ORTHOPEDIC - ONCOLOGY - INTENSIVE AND INTERMEDIATE - HEART AND VASCULAR - MOTHER AND CHILD - SPECIAL CARE OBSTETRICS - NEONATAL INTENSIVE CARE LEVEL III - EMERGENCY - TRAUMA LEVEL II - PEDIATRICS - PEDIATRIC INTENSIVE CARE - PEDIATRIC HEMATOLOGY ONCOLOGY - MEDICAL FLIGHT PROGRAM - PEDIATRIC INTENSIVE CARE TRANSPORTS. 2023 STATISTICS FOR THIS SERVICE UNIT INCLUDE: - 84,178 PATIENT DAYS - 10,142 INPATIENT ER VISITS - 65,620 OUTPATIENT ER VISITS - 2,509 BIRTHS - 26,636 OBSERVATION STAYS.

Program 3
Expenses: $68,695,532 Revenue: $149,696,630

SURGICAL SERVICES PROVIDES THE FOLLOWING SERVICES: - GENERAL SURGERY - VASCULAR SURGERY - CARDIAC SURGERY - ORTHOPEDIC SURGERY - GYNECOLOGICAL SURGERY - TRAUMA SURGERY - GI LABS - PULMONARY SERVICES...

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SURGICAL SERVICES PROVIDES THE FOLLOWING SERVICES: - GENERAL SURGERY - VASCULAR SURGERY - CARDIAC SURGERY - ORTHOPEDIC SURGERY - GYNECOLOGICAL SURGERY - TRAUMA SURGERY - GI LABS - PULMONARY SERVICES - PAIN CENTER - DAVINCI ROBOTIC SURGERY. 2023 STATISTICS FOR THIS SERVICE UNIT INCLUDE: - 8,251 INPATIENT PROCEDURES - 429 OPEN HEART PROCEDURES - 18,863 OUTPATIENT PROCEDURES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,467,805
Program Service Revenue $702,912,880
Investment Income $980,489
Other Revenue $21,181,074
TOTAL REVENUE $730,542,248

Expense Breakdown

Grants Paid $391,700
Salaries & Benefits $245,500,017
Fundraising Expenses $0
Program Expenses $541,566,389
Other Expenses $345,904,362
TOTAL EXPENSES $591,796,079

Year-over-Year Comparison

2023 2022 Change
Revenue $730,542,248 $696,580,941 +0.0%
Expenses $591,796,079 $597,116,524 0.0%
Net Income $138,746,169 $99,464,417 +0.4%
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
10
Independent Members
8
Employees
3825
Volunteers
376

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
7
$3,062,880
Total Directors
11
$207,656
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Chair thru 3/31/23 2.0
Officer Director
$540 $0 $540
N/A Director/Chair begin 3/31/23 2.0
Officer Director
$225 $0 $225
N/A Secretary 2.0
Officer Director
$0 $25,832 $203,686
N/A Vice Chair 2.0
Officer Director
$0 $0 $0
N/A Director 2.0
Director
$225 $0 $225
N/A Director 2.0
Director
$225 $0 $225
N/A Director 2.0
Director
$225 $0 $225
N/A Director 2.0
Director
$1,220 $0 $1,220
N/A Director 2.0
Director
$225 $0 $225
N/A Director 2.0
Director
$860 $0 $860
N/A Director 2.0
Director
$225 $0 $225
N/A CFO 2.0
Officer
$0 $118,036 $862,270
N/A CEO 2.0
Officer
$0 $170,134 $1,332,846
N/A President 40.0
Officer
$559,220 $104,093 $663,313
N/A Dir of Med Residency Program 40.0
Highest
$300,991 $35,210 $336,201
N/A Dir of Sports Medicine 40.0
Highest
$312,112 $35,834 $347,946
N/A Assoc. Dir Resident Program 40.0
Highest
$303,145 $19,740 $322,885
N/A Employed Physician 40.0
Highest
$302,694 $28,743 $331,437
N/A VP Medical Affairs 40.0
Highest
$423,821 $38,089 $461,910
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 No data No data No data No data
2023 $730,542,248 $591,796,079 $668,333,733 $138,746,169
2022 $696,580,941 $597,116,524 $591,875,904 $99,464,417
2021 $682,301,265 $571,302,627 $567,070,116 $110,998,638
2020 $624,134,532 $505,766,564 $574,259,157 $118,367,968
2019 $605,429,595 $510,026,191 $554,946,020 $95,403,404
2018 $605,234,698 $485,573,607 $538,957,796 $119,661,091
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