FRANCISCAN ACO INC

EIN: 351904455 501(c)(3) Health Care

INDIANAPOLIS, IN

Total Revenue
$84,872,357
Total Expenses
$87,732,642
Total Assets
$15,847,712
Net Assets
$8,570,208
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
IN
Principal Officer
KEVIN D LEAHY
Phone
3177826875
Tax Period
2023-01-01 to 2023-12-31

FRANCISCAN ACO INC, founded in 1993, is a mid-sized nonprofit in the Health Care sector that reported $84.9M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum.

Mission

FRANCISCAN ACO, INC., PROVIDES COORDINATED, COMPREHENSIVE CARE ACROSS HOSPITALS, PHYSICIAN PRACTICES AND OTHER HEALTHCARE PROVIDERS TO ENHANCE THE HEALTHCARE EXPERIENCE OF PATIENTS UNDER OUR CARE. SINCE 2011, FRANCISCAN ACO, INC., (FORMERLY FRANCISCAN ALLIANCE ACO) HAS DEVELOPED INNOVATIVE CARE MODELS. CURRENTLY PARTICIPATING IN THE MEDICARE SHARED SAVINGS PROGRAM (MSSP), FRANCISCAN ACO, INC. HAS EXPANDED TO ALSO INCLUDE ACCOUNTABLE CARE ORGANIZATION PARTNERSHIPS WITH MEDICARE ADVANTAGE AND COMMERCIALLY INSURED PATIENT POPULATIONS. WITHIN EACH OF THESE PROGRAMS ATTRIBUTED PATIENTS, KNOWN AS BENEFICIARIES, RECEIVE THE ADDED BENEFIT OF A MORE COORDINATED CARE EXPERIENCE. THIS INCLUDES COORDINATION OF PREVENTIVE HEALTH SERVICES AND CARE COORDINATION SUPPORT FOR PERSONS WITH CHRONIC HEALTH CONDITIONS, SUCH AS DIABETES AND CONGESTIVE HEART FAILURE. CARE COORDINATION SERVICES ARE PROVIDED THROUGH THE ACO. BETTER YET, BENEFICIARIES MAINTAIN THE ABILITY TO SEE ANY DOCTOR OR HEALTHCARE PROVIDER

Program Service Accomplishments

Program 1
Expenses: $87,732,642 Revenue: $83,892,517

FRANCISCAN ACO, INC. IS COMMITTED TO PROVIDING BENEFICIARIES WITH THE HIGHEST QUALITY OF CARE. FRANCISCAN ACO, INC. PROVIDES COORDINATED, COMPREHENSIVE CLINICAL CARE ACROSS HOSPITALS, PHYSICIAN...

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FRANCISCAN ACO, INC. IS COMMITTED TO PROVIDING BENEFICIARIES WITH THE HIGHEST QUALITY OF CARE. FRANCISCAN ACO, INC. PROVIDES COORDINATED, COMPREHENSIVE CLINICAL CARE ACROSS HOSPITALS, PHYSICIAN PRACTICES, AND OTHER HEALTHCARE PROVIDERS, WITH AN AIM TO BRING DOWN THE OVERALL COSTS OF MEDICAL CARE. FRANCISCAN ACO, INC. SERVES MEDICARE AND OTHER PATIENTS ACROSS INDIANA AND ILLINOIS THROUGH THE COLLABORATIVE EFFORTS OF THE FOLLOWING PARTNERS: (A) 14 TAX-EXEMPT HOSPITALS OPERATED, DIRECTLY AND INDIRECTLY, BY FRANCISCAN ALLIANCE, INC.; (B) FRANCISCAN PHYSICIAN NETWORK, A FRANCISCAN ALLIANCE, INC. EMPLOYED MULTI-SPECIALTY GROUP OF PRIMARY AND SPECIALTY-CARE PROVIDERS THROUGHOUT THE STATE OF INDIANA AND ILLINOIS; (C) SPECIALTY PHYSICIANS OF ILLINOIS, LLC, AN EMPLOYED MULTI-SPECIALTY GROUP OF SPECIALTY-CARE PROVIDERS IN ILLINOIS, SERVING FRANCISCAN HEALTH CHICAGO HEIGHTS AND FRANCISCAN HEALTH OLYMPIA FIELDS; (D) INDIANA INTERNAL MEDICINE CONSULTANTS, WHICH PROVIDES HEALTHCARE SERVICES TO COMPLEX INTERNAL MEDICINE PATIENTS ACROSS INDIANAPOLIS IN BOTH INPATIENT AND OUTPATIENT SETTINGS; AND (E) ST. FRANCIS MEDICAL GROUP, LLC, WHICH OPERATES THE NEIGHBORHOOD HEALTH CENTER, WHICH IS A FAMILY MEDICINE PRACTICE SERVING PATIENTS WITHOUT ACCESS TO AFFORDABLE CARE. OTHER HEALTHCARE PARTNERS INCLUDE MONTICELLO MEDICAL CENTER. CURRENT FRANCISCAN ACO, INC. PARTNERSHIPS INCLUDE: MEDICARE SHARED SAVINGS PROGRAM (MSSP); ANTHEM MEDICARE ADVANTAGE; HUMANA MEDICARE ADVANTAGE; UNITED HEALTHCARE MEDICARE ADVANTAGE; AETNA MEDICARE ADVANTAGE; ANTHEM AND CIGNA.

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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 $984,908
Program Service Revenue $77,688,728
Investment Income $-5,068
Other Revenue $6,203,789
TOTAL REVENUE $84,872,357

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $87,732,642
Other Expenses $87,732,642
TOTAL EXPENSES $87,732,642

Year-over-Year Comparison

2023 2022 Change
Revenue $84,872,357 $55,973,643 +0.5%
Expenses $87,732,642 $43,308,151 +1.0%
Net Income $-2,860,285 $12,665,492 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
6

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
5
$2,665,008
Total Directors
14
$2,665,008
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN D LEAHY PRESIDENT AND DIRECTOR 5.0
Officer Director
$0 $197,552 $2,665,008
SISTER M ALINE SHULTZ CHAIRPERSON & DIR (AS OF 8/23) 5.0
Officer Director
$0 $0 $0
SISTER JANE MARIE KLEIN CHAIRPERSON & DIR (THRU 08/23) 5.0
Officer Director
$0 $0 $0
SISTER M ANN KATHLEEN MAGIERA TREASURER AND DIRECTOR 5.0
Officer Director
$0 $0 $0
SISTER LETHIA MARIE LEVEILLE SECRETARY AND DIRECTOR 5.0
Officer Director
$0 $0 $0
SISTER M MADONNA ROUGEAU DIRECTOR 5.0
Director
$0 $0 $0
THOMAS ROBERTS MD DIRECTOR 5.0
Director
$0 $0 $0
DONALD KERNER MD DIRECTOR (THRU 08/23) 5.0
Director
$0 $0 $0
THOMAS GRYZBEK DIRECTOR 5.0
Director
$0 $0 $0
ALLAN GILLESPIE MD DIRECTOR 5.0
Director
$0 $0 $0
ERNEST IANNOTTA DIRECTOR 5.0
Director
$0 $0 $0
SUSAN FRYMAN DIRECTOR (THRU 10/23) 5.0
Director
$0 $0 $0
MICHAEL SMITH DIRECTOR, PACE (AS OF 10/23) 5.0
Director
$0 $0 $0
CYNTHIA EVANS DIRECTOR, PACE (AS OF 10/23) 5.0
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 No data No data No data No data
2023 $84,872,357 $87,732,642 $15,847,712 $-2,860,285
2022 $55,973,643 $43,308,151 $19,218,258 $12,665,492
2021 $61,139,820 $61,221,254 $21,108,716 $-81,434
2020 $43,232,466 $40,918,872 $16,581,431 $2,313,594
2019 $37,183,202 $37,808,923 $24,867,812 $-625,721
2018 $28,328,995 $29,267,265 $31,717,034 $-938,270
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