DUKE UNIVERSITY HEALTH SYSTEM INC

EIN: 562070036 501(c)(3) Health Care

DURHAM, NC

Total Revenue
$4,672,834,668
Total Expenses
$4,623,216,546
Total Assets
$7,958,888,279
Net Assets
$5,123,512,956
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NC
Principal Officer
CRAIG T ALBANESE MD
Phone
9196841860
Tax Period
2022-07-01 to 2023-06-30

DUKE UNIVERSITY HEALTH SYSTEM INC, founded in 1998, is a large national nonprofit in the Health Care sector that reported $4.7B in total revenue in fiscal year 2022.

Mission

CRAIG T. ALBANESE, MD USED FIRST CLASS OR CHARTER TRAVEL SERVICES. SUCH TRAVEL WAS FOR BUSINESS PURPOSES AND NOT INCLUDED IN TAXABLE INCOME. BARBARA M GRIFFITH MD, KEITH STOVER, PRISCILLA RAMSEUR AND LEIGH BLEECKER RECEIVED A BENEFIT THAT WAS GROSSED UP TO COMPENSATE FOR WITHHOLDING OF TAXES.

Program Service Accomplishments

Program 1
Expenses: $3,842,016,118 Revenue: $4,542,702,009

STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS HISTORY AND ORGANIZATION IN 1925, JAMES B. DUKE WILLED $4 MILLION TO ESTABLISH DUKE UNIVERSITY HOSPITAL AND ITS MEDICAL SCHOOL TO IMPROVE HEALTH CARE IN...

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STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS HISTORY AND ORGANIZATION IN 1925, JAMES B. DUKE WILLED $4 MILLION TO ESTABLISH DUKE UNIVERSITY HOSPITAL AND ITS MEDICAL SCHOOL TO IMPROVE HEALTH CARE IN THE CAROLINAS, THEN A POOR REGION LACKING HOSPITALS AND HEALTH CARE PROVIDERS. DUKE UNIVERSITY HOSPITAL HAS GROWN TO BE RECOGNIZED AS ONE OF THE WORLD'S GREAT HEALTH CARE PROVIDERS. IN 1998 AND CONCURRENT WITH ACQUIRING CONTROL OF TWO LOCAL COMMUNITY HOSPITALS, THE DUKE UNIVERSITY BOARD OF TRUSTEES ESTABLISHED DUKE UNIVERSITY HOSPITAL AS THE FLAGSHIP OF THE NEWLY INCORPORATED DUKE UNIVERSITY HEALTH SYSTEM, INC. (DUHS) TO MANAGE A WIDE RANGE OF HEALTH CARE PROGRAMS AT THE SAME HIGH LEVEL OF QUALITY THAT HAS TRADITIONALLY MADE DUKE UNIVERSITY HOSPITAL A WORLD LEADER. THIS NETWORK OF REGIONAL HEALTH CARE ORGANIZATIONS IS DEDICATED TO EMPLOYING DUKE'S STRENGTHS IN PATIENT CARE, EDUCATION, AND RESEARCH. DUHS IS A COMPONENT OF DUKE HEALTH WHICH CONCEPTUALLY INTEGRATES THE DUKE UNIVERSITY SCHOOL OF MEDICINE, DUKE-NUS MEDICAL SCHOOL, DUKE UNIVERSITY SCHOOL OF NURSING, DUKE UNIVERSITY HEALTH SYSTEM, PRIVATE DIAGNOSTIC CLINIC (DUKE PHYSICIANS PRACTICE), AND INCORPORATES THE HEALTH AND HEALTH RESEARCH PROGRAMS WITHIN THE DUKE GLOBAL HEALTH INSTITUTE AS WELL AS THOSE IN SCHOOLS AND CENTERS ACROSS DUKE UNIVERSITY, INCLUDING THE DUKE ROBERT J. MARGOLIS CENTER FOR HEALTH POLICY. THE DUKE HEALTH CLINICAL ENTERPRISE IS INTENDED TO FUNCTION AS A FULLY ALIGNED AND UNIFIED ORGANIZATION FOCUSED ON IMPROVING THE HEALTH OF THE COMMUNITIES WE SERVE, DELIVERING ADVANCED TREATMENT FOR THOSE WHO NEED IT, AND EXTENDING NEW KNOWLEDGE BEYOND OUR SYSTEMS TO THE BENEFIT OF OTHERS. LEVERAGING THE DEPTH AND BREADTH OF CAPABILITIES THAT EXIST ACROSS DUKE HEALTH AND THE ENTIRE UNIVERSITY, WE PLAN TO ACHIEVE THE VISION TO DELIVER TOMORROW'S HEALTH CARE TODAY BY LEADING IN THE DELIVERY OF HIGHEST-QUALITY, PATIENT CENTERED CARE, INTEGRATING TO OPTIMIZE COORDINATION OF CARE, GROWING AND EXTENDING OUR REACH LOCALLY, REGIONALLY, AND NATIONALLY, INVESTING IN INNOVATION TO CREATE SUSTAINABLE DIFFERENTIATION AND VALUE AND DELIVERING ON THE PROMISE OF POPULATION HEALTH. MANY PROGRAM SERVICE ACCOMPLISHMENTS ARE INCLUDED IN SCHEDULE H OF THIS FORM INCLUDING THE FINANCIAL COMMITMENT MADE TO THE COMMUNITY BY DUHS IN TERMS OF CHARITY CARE AND OTHER DIRECT AND MEASURABLE INVESTMENTS. FURTHER DETAIL OF DUHS' COMMITMENT TO PROMOTING HEALTH, WELLNESS, AND ACCESS TO QUALITY CARE FOR THE PEOPLE AND COMMUNITIES IT SERVES IS REPORTED IN DUHS' ANNUAL COMMUNITY BENEFIT REPORT. THE COMMUNITY BENEFIT REPORT IS AVAILABLE ONLINE AT HTTPS://CORPORATE.DUKEHEALTH.ORG/COMMUNITY.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $17,395,022
Program Service Revenue $4,441,855,976
Investment Income $95,601,985
Other Revenue $117,981,685
TOTAL REVENUE $4,672,834,668

Expense Breakdown

Grants Paid $2,054,288
Salaries & Benefits $2,251,243,997
Fundraising Expenses $285,902
Program Expenses $3,842,016,118
Other Expenses $2,369,918,261
TOTAL EXPENSES $4,623,216,546

Year-over-Year Comparison

2022 2021 Change
Revenue $4,672,834,668 $4,600,505,996 +0.0%
Expenses $4,623,216,546 $4,174,139,522 +0.1%
Net Income $49,618,122 $426,366,474 -0.9%
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
18
Independent Members
11
Employees
26017
Volunteers
505

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
6
$9,370,418
Total Directors
18
$7,344,595
Key Employees
5
$3,471,651
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
A EUGENE WASHINGTON MD DIRECTOR/PRESIDENT 33.00
Officer Director
$0 $51,351 $3,193,603
VINCENT E PRICE DIRECTOR 3.00
Director
$0 $55,185 $1,806,377
MARY E KLOTMAN MD DIRECTOR 11.00
Director
$0 $51,873 $1,287,454
ERIK PAULSON DIRECTOR 1.00
Director
$0 $61,515 $517,519
LESLIE E BAINS DIRECTOR 2.00
Director
$0 $0 $0
GAIL BELVETT MD DDS DIRECTOR 4.00
Director
$990 $0 $990
DENISE BENNETT DIRECTOR 2.00
Director
$0 $0 $0
GERALD HASSELL DIRECTOR 2.00
Director
$0 $0 $0
WILLIAM HAWKINS DIRECTOR 4.00
Director
$0 $0 $0
ROSEMARY JACKSON MD DIRECTOR 1.00
Director
$0 $0 $0
FEDERICO MANON DIRECTOR 1.00
Director
$0 $0 $0
CARMICHAEL S ROBERTS DIRECTOR 1.00
Director
$0 $0 $0
NANCY M SCHLICHTING DIRECTOR 2.00
Director
$0 $0 $0
LAURENE SPERLING DIRECTOR 8.00
Director
$0 $0 $0
SUSAN M STALNECKER DIRECTOR 4.00
Director
$0 $0 $0
MOIRA RYNN MD DIRECTOR 2.00
Director
$0 $54,853 $538,652
G RICHARD WAGONER JR DIRECTOR 1.00
Director
$0 $0 $0
JIM WHITEHURST DIRECTOR 1.00
Director
$0 $0 $0
JOHN P MORDACH SVP, CFO, PART YEAR TREASURER 40.00
Officer
$1,582,991 $66,153 $1,649,144
THOMAS A OWENS MD EXECUTIVE VICE PRESIDENT, DUHS 61.00
Officer
$1,441,308 $50,390 $1,491,698
ROBERT N WILLIS VP FINANCE/CONTROLLER/CAO/INTERIM TREASURER 50.00
Officer
$684,760 $53,493 $738,253
MONTE D BROWN MD VP FOR ADMINISTRATION/SECRETARY 60.00
Officer
$781,615 $55,164 $836,779
CRAIG T ALBANESE MD CEO 60.00
Officer
$1,407,490 $53,451 $1,460,941
KATHLEEN GALBRAITH PART YEAR PRESIDENT, DUKE REGIONAL HOSPITAL 60.00
Key Emp
$619,168 $101,748 $720,916
MARY K MARTIN CHIEF OPERATING OFFICER, DUH 40.00
Key Emp
$679,639 $66,153 $745,792
MARY ANN FUCHS VP PATIENT CARE/CHIEF NURSING OFFICER 50.00
Key Emp
$625,223 $44,749 $669,972
BARBARA M GRIFFITH MD PRESIDENT, DUKE RALEIGH HOSPITAL 40.00
Key Emp
$612,137 $62,567 $674,704
DEVDUTTA SANGVAI MD PART YEAR PRESIDENT, DUKE REGIONAL HOSPITAL 40.00
Key Emp
$539,272 $112,431 $660,267
RICHARD PATRICK SHANNON CHIEF QUALITY OFFICER 40.00
Highest
$991,774 $55,032 $1,046,806
JEFFREY M FERRANTI SENIOR VP/CHIEF DIGITAL OFFICER 40.00
Highest
$1,047,207 $65,117 $1,241,510
KEITH STOVER VP FINANCE/COO, PRMO 40.00
Highest
$715,086 $61,821 $776,907
RHONDA BRANDON CHIEF HR OFFICER 50.00
Highest
$822,395 $64,332 $886,727
JOHN SMITH VP FINANCE 40.00
Highest
$649,908 $50,745 $700,653
WILLIAM J FULKERSON MD FORMER OFFICER 0.00
$0 $43,312 $1,806,975
LEIGH BLEECKER FORMER KEY EMPLOYEE 65.00
$405,081 $49,609 $454,690
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $4,672,834,668 $4,623,216,546 $7,958,888,279 $49,618,122
2022 $4,600,505,996 $4,174,139,522 $8,260,774,039 $426,366,474
2021 $4,625,468,343 $3,870,479,888 $8,635,026,358 $754,988,455
2021 $4,625,468,343 $3,870,479,888 $8,635,026,358 $754,988,455
2020 $3,853,766,160 $3,612,404,658 $7,016,316,692 $241,361,502
2019 $3,776,782,982 $3,346,676,742 $6,281,178,620 $430,106,240
2018 $3,576,450,926 $3,126,393,682 $5,904,321,303 $450,057,244
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