ASCENSION SETON

EIN: 741109643 501(c)(3)

ST LOUIS, MO

Total Revenue
$3,006,403,037
Total Expenses
$2,631,998,802
Total Assets
$2,796,248,403
Net Assets
$1,380,078,835
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1900
Legal Domicile
TX
Phone
3147338000
Tax Period
2022-07-01 to 2023-06-30

ASCENSION SETON, founded in 1900, is a large national nonprofit that reported $3.0B in total revenue in fiscal year 2022. Expenses of $2.6B left a modest 12% surplus.

Mission

Rooted in the loving ministry of Jesus as healer, we commit ourselves to serving all persons with special attention to those who are poor and vulnerable. Our Catholic health ministry is dedicated to spiritually-centered, holistic care which sustains and improves the health of individuals and communities. We are advocates for a compassionate and just society through our actions and our words.

Program Service Accomplishments

Program 1
Expenses: $2,051,593,171 Revenue: $2,958,432,698

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO...

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THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO THOSE WHO NEED IT THE MOST. As the leading provider of health services in Central Texas (an 11-county region), Ascension Seton (Seton) also provides a number of distinctive services to the community: the only Level I trauma facilities; the only free-standing children's hospital; the only free-standing inpatient behavioral health hospital; the only heart transplant center; and the only University of Texas medical residency programs. Seton contributes to the positive health status of the communities it serves and continues to build and strengthen sustainable collaborative efforts to benefit the health of individuals, families and society as a whole. Seton has a mission to care for the community it serves with a special concern for the poor and the vulnerable. Ascension Seton is a 1,575-bed hospital system providing services without regard to patient race, creed, national origin, economic status, or ability to pay. During fiscal year 2023, Ascension Seton treated 65,856 adults and children for a total of 381,430 patient days of service. The hospital also provided services for 824,827 outpatient visits, which included 33,981 outpatient surgeries and 321,568 Emergency Room Visits. See Schedule H for a non-exhaustive list of community benefit programs and descriptions.

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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 (2022)

Revenue Breakdown

Contributions & Grants $24,664,028
Program Service Revenue $2,950,140,464
Investment Income $6,381,822
Other Revenue $25,216,723
TOTAL REVENUE $3,006,403,037

Expense Breakdown

Grants Paid $7,992,655
Salaries & Benefits $964,566,837
Fundraising Expenses $0
Program Expenses $2,051,593,171
Other Expenses $1,659,439,310
TOTAL EXPENSES $2,631,998,802

Year-over-Year Comparison

2022 2021 Change
Revenue $3,006,403,037 $2,846,977,586 +0.1%
Expenses $2,631,998,802 $2,379,013,884 +0.1%
Net Income $374,404,235 $467,963,702 -0.2%
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
9
Employees
16118
Volunteers
1472

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
$3,373,636
Total Directors
12
$4,068,860
Key Employees
6
$3,609,600
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHAIR 1.0
Officer Director
$0 $0 $0
N/A TREASURER 1.0
Officer Director
$0 $0 $0
N/A SECRETARY 1.0
Officer Director
$0 $0 $0
N/A ASSISTANT TREASURER/CFO, MINISTRY MARKET (END 8/2022) 0.0
Officer Director
$0 $50,530 $938,250
N/A EX-OFFICIO/CEO, MINISTRY MARKET 0.0
Officer Director
$0 $58,245 $1,946,438
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A EX-OFFICIO/COO (END 2/2023) 0.0
Director
$0 $39,726 $1,184,172
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A ASST TREASURER/INTERIM CFO, MM (8/2022 - 10/2022)/CFO, MM (START 10/2022) 0.0
Officer
$0 $27,846 $488,948
N/A PRESIDENT, DCMCCT (END 10/2022) 50.0
Key Emp
$674,080 $32,833 $706,913
N/A PRESIDENT, ASCENSION SETON HAYS (START 4/2023) 50.0
Key Emp
$361,371 $26,609 $387,980
N/A PRESIDENT, SUBURBAN HOSPITALS (END 1/2023) 50.0
Key Emp
$718,709 $42,161 $760,870
N/A PRESIDENT, RURAL HOSPITALS 50.0
Key Emp
$650,209 $47,533 $697,742
N/A PRESIDENT (END 4/2022) 50.0
Key Emp
$611,026 $15,176 $626,202
N/A PRESIDENT, ASCENSION SETON MEDICAL CENTER AUSTIN (START 10/2022) 50.0
Key Emp
$384,090 $45,803 $429,893
N/A PHYSICIAN 50.0
Highest
$1,524,103 $41,808 $1,565,911
N/A PHYSICIAN 50.0
Highest
$1,906,085 $56,350 $1,962,435
N/A PHYSICIAN 50.0
Highest
$1,860,983 $45,854 $1,906,837
N/A PHYSICIAN 50.0
Highest
$1,900,020 $46,791 $1,946,811
N/A PHYSICIAN 50.0
Highest
$1,533,958 $54,884 $1,588,842
N/A FORMER OFFICER (END 6/2018) 0.0
$0 $0 $111,785
N/A FORMER OFFICER (END 6/2019) 0.0
$0 $1,319,105 $5,304,408
N/A FORMER KEY EMPLOYEE (END 12/2019) 50.0
$158,654 $3,966 $162,620
N/A FORMER OFFICER (END 10/2017) 0.0
$0 $36,213 $919,357
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 $3,006,403,037 $2,631,998,802 $2,796,248,403 $374,404,235
2022 $2,846,977,586 $2,379,013,884 $3,075,424,412 $467,963,702
2021 $2,366,830,818 $2,040,944,277 $2,888,805,593 $325,886,541
2020 $2,188,803,059 $1,917,884,784 $2,805,515,675 $270,918,275
2019 $2,147,691,937 $1,749,935,966 $2,569,745,423 $397,755,971
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