Presbyterian Healthcare Services

EIN: 850105601 501(c)(3) Health Care

ALBUQUERQUE, NM

Total Revenue
$2,386,097,082
Total Expenses
$2,545,375,611
Total Assets
$3,838,638,950
Net Assets
$1,979,976,422
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Organization Details

Formation Year
1908
Legal Domicile
NM
Phone
5059236101
Tax Period
2023-01-01 to 2023-12-31

Presbyterian Healthcare Services, founded in 1908, is a large national nonprofit in the Health Care sector that reported $2.4B in total revenue in fiscal year 2023.

Mission

PRESBYTERIAN EXISTS TO ENSURE ALL OF THE PATIENTS, MEMBERS AND COMMUNITIES WE SERVE CAN ACHIEVE THEIR BEST HEALTH.

Program Service Accomplishments

Program 1
Expenses: $1,705,786,066 Revenue: $1,401,792,694

PENNY BEATTIE, FORMER KEY EMPLOYEE, RECEIVED SEVERANCE PAY FROM THE REPORTING ORGANIZATION OF $109,829.

Program 2
Expenses: $357,527,521 Revenue: $448,168,239

THE REGIONAL DELIVERY SYSTEM PROVIDES GENERAL ACUTE CARE AND OTHER HEALTHCARE DELIVERY SERVICES IN SEVERAL SMALLER COMMUNITIES IN NEW MEXICO, AND IN SANTA FE. THE REGIONAL DELIVERY SYSTEM CONSISTS OF...

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THE REGIONAL DELIVERY SYSTEM PROVIDES GENERAL ACUTE CARE AND OTHER HEALTHCARE DELIVERY SERVICES IN SEVERAL SMALLER COMMUNITIES IN NEW MEXICO, AND IN SANTA FE. THE REGIONAL DELIVERY SYSTEM CONSISTS OF THREE GENERAL ACUTE CARE HOSPITALS, SANTA FE MEDICAL CENTER, PLAINS REGIONAL MEDICAL CENTER IN CLOVIS AND PRESBYTERIAN ESPANOLA HOSPITAL IN ESPANOLA. THREE DESIGNATED CRITICAL ACCESS HOSPITALS, LINCOLN COUNTY MEDICAL CENTER IN RUIDOSO, SOCORRO GENERAL HOSPITAL IN SOCORRO AND DR. DAN C. TRIGG MEMORIAL HOSPITAL IN TUCUMCARI, AS WELL AS MANY OUTPATIENT CLINICS AND OTHER FREE-STANDING FACILITIES, THAT ARE DEPARTMENTS OF THE SIX REGIONAL HOSPITALS. HOSPITAL SERVICES VARY BY FACILITY, BUT EACH OFFERS SURGERY, EMERGENCY MEDICINE, PHYSICAL THERAPY, RESPIRATORY THERAPY, RADIOLOGY, AND LABORATORY SERVICES. INPATIENT DISCHARGES (1) = 9,636 AVERAGE LENGTH OF STAY (IN DAYS) = 3.13 INPATIENT PATIENT DAYS (1) =30,134 EMERGENCY ROOM VISITS = 104,544 HOSPITAL-BASED OUTPATIENT VISITS (2) = 253,311 NEWBORN DELIVERIES = 1,613 NOTES: (1) INPATIENT EXCLUDING NEWBORNS (2) EXCLUDES EMERGENCY DEPARTMENT VISITS

Program 3
Expenses: $119,394,111 Revenue: $353,442,741

ANGELA GALLEGOS-MACIAS WAS COMPENSATED BY PRESBYTERIAN HEALTHCARE SERVICES AS AN EMPLOYED PHYSICIAN. AS A BOARD MEMBER OF PHS, SHE RECEIVED A $6,000 STIPEND IN 2023; WHICH IS INCLUDED IN OTHER...

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ANGELA GALLEGOS-MACIAS WAS COMPENSATED BY PRESBYTERIAN HEALTHCARE SERVICES AS AN EMPLOYED PHYSICIAN. AS A BOARD MEMBER OF PHS, SHE RECEIVED A $6,000 STIPEND IN 2023; WHICH IS INCLUDED IN OTHER REPORTABLE COMPENSATION AND WAS REPORTED ON HER FORM W-2. BARBARA BALIK, NORMAN BECKER, MARJORIE BESSEL, GAYLE DINE'CHACON, JASON HARRINGTON, LESLIE HOFFMAN, KIRBY JEFFERSON, TERESA KLINE, AARON MARTIN, CYNTHIA SCHULTZ, & RISHI SIKKA RECEIVED STIPEND PAYMENTS IN 2023 FOR THEIR BOARD SERVICE TO PHS. EACH RECEIVED A FORM 1099 REPORTING THIS COMPENSATION, AS REQUIRED. DALE MAXWELL IS A PARTICIPANT IN A RETENTION AGREEMENT. IN 2023, $340,005 WAS DEFERRED UNDER THIS AGREEMENT FOR MR. MAXWELL BY THE REPORTING ORGANIZATION. THIS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION. ALSO, IN 2023, MR. MAXWELL RECEIVED A VESTED PAYMENT FROM THE RETENTION PLAN OF $379,190. THIS AMOUNT IS REPORTED IN CURRENT COMPENSATION, AS REQUIRED; AND IS ALSO INCLUDED IN COLUMN F OF SCHEDULE J. RYAN BURT IS A PARTICIPANT IN A RETENTION AGREEEMENT. IN 2023, $62,061 WAS DEFERRED UNDER THIS AGREEMENT FOR MR. BURT BY THE REPORTING ORGANIZATION. THIS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION AMOUNT. ALSO, IN 2023, MR. BURT RECEIVED A VESTED PAYMENT FROM THE RETENTION PLAN OF $47,339. THIS AMOUNT IS REPORTED IN CURRENT COMPENSATION, AS REQUIRED; AND IS ALSO INCLUDED IN COLUMN F OF SCHEDULE J. JASON MITCHELL IS A PARTICIPANT IN A RETENTION AGREEEMENT. IN 2023, $72,101 WAS DEFERRED UNDER THIS AGREEMENT FOR DR. MITCHELL BY THE REPORTING ORGANIZATION. THIS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION AMOUNT. ALSO, IN 2023, DR. MITCHELL RECEIVED A VESTED PAYMENT FROM THE RETENTION PLAN OF $76,808. THIS AMOUNT IS REPORTED IN CURRENT COMPENSATION, AS REQUIRED; AND IS ALSO INCLUDED IN COLUMN F OF SCHEDULE J. JAMES NOBLE IS A PARTICIPANT IN A RETENTION AGREEEMENT. IN 2023, $84,999 WAS DEFERRED UNDER THIS AGREEMENT FOR MR. NOBLE BY THE REPORTING ORGANIZATION. THIS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION AMOUNT. JOANNE SUFFIS IS A PARTICIPANT IN A RETENTION AGREEEMENT. IN 2023, $50,860 WAS DEFERRED UNDER THIS AGREEMENT FOR MS. SUFFIS BY THE REPORTING ORGANIZATION. THIS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION AMOUNT. ALSO, IN 2023, MS. SUFFIS RECEIVED A VESTED PAYMENT FROM THE RETENTION PLAN OF $45,905. THIS AMOUNT IS REPORTED IN CURRENT COMPENSATION, AS REQUIRED; AND IS ALSO INCLUDED IN COLUMN F OF SCHEDULE J. TODD SANDMAN IS A PARTICIPANT IN A RETENTION AGREEEMENT. IN 2023, $48,320 WAS DEFERRED UNDER THIS AGREEMENT FOR MR. SANDMAN BY THE REPORTING ORGANIZATION. THiS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION. ALSO, IN 2023, MR. SANDMAN RECEIVED A VESTED PAYMENT FROM THE RETENTION PLAN OF $44,112. THIS AMOUNT IS REPORTED IN CURRENT COMPENSATION, AS REQUIRED; AND IS ALSO INCLUDED IN COLUMN F OF SCHEDULE J. KEITH RIVERA IS A PARTICIPANT IN A RETENTION AGREEMENT. IN 2023, $39,000 WAS DEFERRED UNDER THIS AGREEMENT FOR MR. RIVERA BY THE REPORTING ORGANIZATION. THiS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION. DARREN SHAFER IS A PARTICIPANT IN A RETENTION AGREEEMENT. IN 2023, $55,361 WAS DEFERRED UNDER THIS AGREEMENT FOR DR. SHAFER BY THE REPORTING ORGANIZATION. THIS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION AMOUNT. TIMOTHY JOHNSEN IS A PARTICIPANT IN A RETENTION AGREEEMENT. IN 2023, $68,860 WAS DEFERRED UNDER THIS AGREEMENT FOR MR. JOHNSEN BY THE REPORTING ORGANIZATION. THIS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION AMOUNT. DONNA GARCIA, PENNY BEATTIE, HECTOR ARREDONDO, ANGELA WARD, AND WILLIAM BROWN WERE COMPENSATED AS CURRENT EMPLOYEES OF PHS IN 2023. IN ONE OR MORE OF THE FIVE PRIOR YEARS, THEIR ACTIVITIES OR RESPONSIBILITIES QUALIFED THEM AS KEY EMPLOYEES, DIRECTORS, OR OFFICERS AND THEY WERE REPORTED AS SUCH. IN 2023, THEY DID NOT MEET THE KEY EMPLOYEE THRESHOLD OR WERE NOT OFFICERS, BUT THEIR COMPENSATION EXCEEDED THE MINIMUM REQUIREMENT FOR REPORTING AS A FORMER KEY EMPLOYEE, OFFICER, OR DIRECTOR, AND SO THEY ARE INCLUDED ON FORM 990, PART VII, AND ON SCHEDULE J AS ALSO REQUIRED.

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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 $41,492,674
Program Service Revenue $2,201,664,470
Investment Income $94,087,834
Other Revenue $48,852,104
TOTAL REVENUE $2,386,097,082

Expense Breakdown

Grants Paid $1,084,928
Salaries & Benefits $1,172,125,846
Fundraising Expenses $0
Program Expenses $2,182,707,698
Other Expenses $1,372,164,837
TOTAL EXPENSES $2,545,375,611

Year-over-Year Comparison

2023 2022 Change
Revenue $2,386,097,082 $2,273,688,765 +0.0%
Expenses $2,545,375,611 $2,430,404,731 +0.0%
Net Income $-159,278,529 $-156,715,966 +0.0%
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
13
Independent Members
11
Employees
14753
Volunteers
671

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
$8,470,545
Total Directors
13
$5,060,508
Key Employees
16
$12,326,620
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT & CEO / DIRECTOR 40.0
Officer Director
$4,120,680 $398,878 $4,519,558
N/A DIRECTOR 1.0
Director
$6,000 $0 $6,000
N/A DIRECTOR 40.0
Director
$403,915 $57,035 $460,950
N/A VICE-CHAIR 1.0
Director
$10,000 $0 $10,000
N/A DIRECTOR 1.0
Director
$7,000 $0 $7,000
N/A DIRECTOR 1.0
Director
$6,000 $0 $6,000
N/A DIRECTOR 1.0
Director
$6,000 $0 $6,000
N/A DIRECTOR 1.0
Director
$9,000 $0 $9,000
N/A DIRECTOR 1.0
Director
$6,000 $0 $6,000
N/A DIRECTOR 1.0
Director
$6,000 $0 $6,000
N/A CHAIR 2.0
Director
$10,000 $0 $10,000
N/A DIRECTOR 1.0
Director
$7,000 $0 $7,000
N/A DIRECTOR 1.0
Director
$7,000 $0 $7,000
N/A SVP & CFO / TREASURER 40.0
Officer
$1,489,096 $129,234 $1,618,330
N/A PRESIDENT (EFFECTIVE 12/8/2023) 40.0
Officer
$852,419 $75,986 $928,405
N/A GENERAL COUNSEL / SECRETARY 40.0
Officer
$1,301,119 $103,133 $1,404,252
N/A SVP - CHIEF OPERATING OFFICER - PMG 40.0
Key Emp
$509,322 $40,213 $549,535
N/A PRESIDENT - PMG 40.0
Key Emp
$915,711 $109,007 $1,024,718
N/A MEDICAL DIRECTOR - ADULT MED SPECIALTY 40.0
Key Emp
$671,420 $41,491 $712,911
N/A MEDICAL DIRECTOR - PRIMARY CARE 40.0
Key Emp
$452,642 $39,484 $492,126
N/A HOSPITAL CHIEF EXECUTIVE - PH 40.0
Key Emp
$677,326 $24,049 $701,375
N/A VP - REAL ESTATE 40.0
Key Emp
$327,588 $41,086 $368,674
N/A SVP - CHIEF NURSING OFFICER 40.0
Key Emp
$469,571 $35,797 $505,368
N/A SVP - CHIEF CLINICAL TRANSFORMATION OFFICER 40.0
Key Emp
$1,334,246 $128,295 $1,462,541
N/A SVP - CHIEF HR OFFICER 40.0
Key Emp
$1,018,467 $87,474 $1,105,941
N/A HOSPITAL CHIEF EXECUTIVE - RUST MED CTR 40.0
Key Emp
$420,564 $46,197 $466,761
N/A SVP - CHIEF INFORMATION OFFICER 40.0
Key Emp
$673,176 $80,833 $754,009
N/A MEDICAL DIRECTOR - ED/AAS/UC 40.0
Key Emp
$465,285 $63,497 $528,782
N/A VP - OPERATIONS - RDS 40.0
Key Emp
$427,503 $35,813 $463,316
N/A SVP - CHIEF ANALYTICS OFFICER 40.0
Key Emp
$670,905 $19,350 $690,255
N/A EVP - CHIEF OPERATING OFFICER 40.0
Key Emp
$1,120,489 $110,339 $1,230,828
N/A SVP - CHIEF STRATEGY OFFICER 40.0
Key Emp
$1,170,398 $99,082 $1,269,480
N/A MED DIR - CLIN-RADIATION ONCOLOGY 40.0
Highest
$2,354,874 $32,941 $2,387,815
N/A MD-NEUROSURGERY-SPINE-CDS 40.0
Highest
$1,753,836 $27,535 $1,781,371
N/A DO-RADIATION ONCOLOGY-CDS 40.0
Highest
$1,307,847 $45,910 $1,353,757
N/A DO-VASCULAR SURGEON 40.0
Highest
$1,231,424 $35,807 $1,267,231
N/A MD-HEMATOLOGY/ONCOLOGY-CDS 40.0
Highest
$1,218,988 $33,263 $1,252,251
N/A VP - QUALITY INSTITUTE 40.0
$401,368 $43,942 $445,310
N/A VP - FINANCE STRATEGY 40.0
$156,353 $10,458 $166,811
N/A MEDICAL DIRECTOR - SFMC 40.0
$355,527 $43,597 $399,124
N/A CHIEF NURSING OFFICER - PH (TERM 4/14/2023) 40.0
$235,715 $5,299 $241,014
N/A MEDICAL DIRECTOR - SURGERY 40.0
$552,229 $43,399 $595,628
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 $2,386,097,082 $2,545,375,611 $3,838,638,950 $-159,278,529
2022 $2,273,688,765 $2,430,404,731 $3,966,520,004 $-156,715,966
2021 $2,276,662,762 $2,198,751,577 $4,363,685,695 $77,911,185
2020 $2,166,465,434 $2,097,027,351 $4,193,918,778 $69,438,083
2019 $1,948,082,742 $1,936,751,381 $3,699,051,572 $11,331,361
2018 $1,831,605,491 $1,715,632,267 $3,207,092,614 $115,973,224
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