St Elizabeth Medical Center Inc

EIN: 610445850 501(c)(3) Health Care

Edgewood, KY

Total Revenue
$1,922,662,621
Total Expenses
$1,809,081,056
Total Assets
$3,176,981,553
Net Assets
$2,312,754,704
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Financial Trends

Organization Details

Formation Year
1861
Legal Domicile
KY
Phone
8596551642
Tax Period
2023-01-01 to 2023-12-31

St Elizabeth Medical Center Inc, founded in 1861, is a large national nonprofit in the Health Care sector that reported $1.9B in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.8B left a modest 6% surplus.

Mission

AS A CATHOLIC HEALTHCARE MINISTRY, WE PROVIDE COMPREHENSIVE AND COMPASSIONATE CARE THAT IMPROVES THE HEALTH OF THE PEOPLE WE SERVE.

Program Service Accomplishments

Program 1
Expenses: $1,102,380,803 Revenue: $1,903,156,677

St. Elizabeth Healthcare is one of the oldest, largest and most respected medical providers in the Northern Kentucky, Southwestern Ohio and Southeastern Indiana Areas. For more than 150 years, St...

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St. Elizabeth Healthcare is one of the oldest, largest and most respected medical providers in the Northern Kentucky, Southwestern Ohio and Southeastern Indiana Areas. For more than 150 years, St. Elizabeth has been the heart and soul of healthcare in Northern Kentucky. Founded with one small hospital in 1861, St. Elizabeth Healthcare now operates six facilities throughout Northern Kentucky and Southeast Indiana - St. Elizabeth Covington, St. Elizabeth Edgewood, St. Elizabeth Florence, St. Elizabeth Ft. Thomas, St. Elizabeth Grant and St. Elizabeth Dearborn. St. Elizabeth Healthcare is sponsored by the Diocese of Covington and provided approximately $71 million in uncompensated care and benefit to the community in 2023. Within our thriving, multi-faceted organization, some of the nation's top medical professionals are working together to deliver the best care available to these areas. Our mission is to provide comprehensive and compassionate care that improves the health of the people we serve. We accomplish this through state of the art technology and our dedicated associates, led by a well-respected board and executive leadership team who love this organization and our community. St. Elizabeth Healthcare's state of the art technology includes a secure internal electronic medical records system that not only gives providers access to their patients medical records at any St. Elizabeth Healthcare or St. Elizabeth Physicians facility, but also gives the patient faster, more convenient access to their personal medical records, test results, and healthcare providers through a web portal called "MyChart." St. Elizabeth Healthcare has invested in our community for generations. St. Elizabeth Healthcare believes that reaching out to help the underprivileged and improving the overall health of the community is the foundation of its mission to provide comprehensive and compassionate care to our neighborhood and our families. It is because of this belief that the St. Elizabeth Healthcare community benefit program helps others have access to St. Elizabeth Healthcare resources and services. It is St. Elizabeth Healthcare's intention to always balance financial viability with compassionate care and to stay true to its non-profit roots. During 2023 St. Elizabeth Healthcare had total admissions of 123,435, total patient visits of 220,212, and total emergency room visits of 204,064.

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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 $7,158,395
Program Service Revenue $1,903,566,200
Investment Income $5,176,640
Other Revenue $6,761,386
TOTAL REVENUE $1,922,662,621

Expense Breakdown

Grants Paid $10,022,846
Salaries & Benefits $758,532,276
Fundraising Expenses $2,778,413
Program Expenses $1,102,380,803
Other Expenses $1,040,460,934
TOTAL EXPENSES $1,809,081,056

Year-over-Year Comparison

2023 2022 Change
Revenue $1,922,662,621 $1,768,641,880 +0.1%
Expenses $1,809,081,056 $1,679,838,036 +0.1%
Net Income $113,581,565 $88,803,844 +0.3%
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
19
Independent Members
16
Employees
9887
Volunteers
1034

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
4
$3,834,040
Total Directors
19
$2,644,658
Key Employees
10
$5,251,437
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT/CEO 50.0
Officer Director
$1,378,100 $49,046 $1,427,146
N/A TRUSTEE 4.0
Director
$0 $0 $0
N/A TRUSTEE 4.0
Director
$0 $0 $0
N/A VICE CHAIRMAN 4.0
Director
$31,290 $0 $31,290
N/A TRUSTEE/PHYSICIAN/SEP CHAIR 4.0
Director
$0 $54,714 $617,077
N/A CHAIR OF BOARD 4.0
Director
$2,336 $0 $2,336
N/A TRUSTEE 4.0
Director
$0 $0 $0
N/A TRUSTEE 4.0
Director
$0 $0 $0
N/A TRUSTEE 4.0
Director
$1,970 $0 $1,970
N/A TRUSTEE 4.0
Director
$2,494 $0 $2,494
N/A TRUSTEE 4.0
Director
$0 $0 $0
N/A TRUSTEE 4.0
Director
$2,173 $0 $2,173
N/A TRUSTEE 4.0
Director
$29,162 $0 $29,162
N/A PHYSICIAN/TRUSTEE 4.0
Director
$0 $56,823 $498,752
N/A TRUSTEE 4.0
Director
$4,659 $0 $4,659
N/A TRUSTEE 4.0
Director
$0 $0 $0
N/A TRUSTEE 4.0
Director
$2,222 $0 $2,222
N/A TRUSTEE 4.0
Director
$1,952 $0 $1,952
N/A TRUSTEE 4.0
Director
$23,425 $0 $23,425
N/A EXECUTIVE VP & COO 50.0
Officer
$791,131 $49,646 $840,777
N/A EXECUTIVE VP LEGAL SERVICES/GENERAL COUNSEL/CORPORATE SECRETARY 50.0
Officer
$632,591 $34,822 $667,413
N/A Executive Vice President/CFO/Treasurer 50.0
Officer
$849,058 $49,646 $898,704
N/A COO Flo FT Cov & SVP Prof Svcs 50.0
Key Emp
$501,348 $56,748 $558,096
N/A Sr. VP Facilities 50.0
Key Emp
$375,344 $22,892 $398,236
N/A SEP PRESIDENT/CEO 25.0
Key Emp
$701,763 $60,858 $762,621
N/A EXECUTIVE VP 50.0
Key Emp
$520,686 $54,398 $575,084
N/A SVP HUMAN RESOURCES 50.0
Key Emp
$525,474 $56,257 $581,731
N/A SVP PATIENT CARE/ONCOLOGY 50.0
Key Emp
$310,338 $42,405 $352,743
N/A SVP SITE AMDINISTRATOR FTT COV & HVI 50.0
Key Emp
$391,934 $28,849 $420,783
N/A SVP MEDICAL SERVICES, CMO 50.0
Key Emp
$535,469 $43,974 $579,443
N/A SVP/CHIEF STRATEGY OFFICER 50.0
Key Emp
$545,056 $54,371 $599,427
N/A EXECUTIVE VP 50.0
Key Emp
$401,437 $21,836 $423,273
N/A PHYSICIAN 50.0
Highest
$1,203,639 $23,695 $1,227,334
N/A PHYSICIAN 50.0
Highest
$1,071,321 $57,360 $1,128,681
N/A PHYSICIAN 50.0
Highest
$1,112,758 $56,760 $1,169,518
N/A PHYSICIAN 50.0
Highest
$1,160,795 $57,624 $1,218,419
N/A PHYSICIAN 50.0
Highest
$1,135,612 $45,578 $1,181,190
N/A FORMER PRESIDENT/CEO SEPN, COO - DEARBORN 0.0
$161,097 $18,300 $179,397
N/A FORMER SVP HUMAN RESOURCES 0.0
$120,977 $0 $120,977
N/A SEP CFO/TREASURER 15.0
$387,763 $47,895 $435,658
N/A SEP COO/SECRETARY 15.0
$559,592 $52,759 $612,351
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 $1,922,662,621 $1,809,081,056 $3,176,981,553 $113,581,565
2022 $1,768,641,880 $1,679,838,036 $2,859,763,977 $88,803,844
2021 $1,815,824,973 $1,550,146,710 $3,058,964,415 $265,678,263
2020 $1,436,767,656 $1,261,471,982 $2,573,879,630 $175,295,674
2019 $1,293,574,829 $1,163,539,599 $2,162,310,495 $130,035,230
2018 $1,224,784,561 $1,136,010,966 $1,837,486,904 $88,773,595
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