Renown Medical School Associates North Inc

EIN: 860881749 501(c)(3) Health Care

Reno, NV

Total Revenue
$11,460,530
Total Expenses
$16,116,450
Total Assets
$29,027,259
Net Assets
$25,874,269
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NV
Principal Officer
Brian Erling
Phone
7759826488
Tax Period
2023-01-01 to 2023-12-31

Renown Medical School Associates North Inc, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $11.5M in total revenue in fiscal year 2023. Revenue surged 121% from the prior year, signaling strong growth momentum. Expenses of $16.1M exceeded revenue, resulting in a 41% operating deficit.

Mission

Renown Health makes a genuine difference in the health and well-being of the people and communities we serve.

Program Service Accomplishments

Program 1
Expenses: $13,519,538 Revenue: $11,346,252

Renown Medical School Associates North ("RMSAN") provides patient care services, medical education, and scientific research. RMSAN provides care to a diverse patient population while providing...

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Renown Medical School Associates North ("RMSAN") provides patient care services, medical education, and scientific research. RMSAN provides care to a diverse patient population while providing clinical educational experiences for medical students, residents, and fellows. RMSAN is comprised of seven clinical departments including Family Medicine, Internal Medicine, Pediatrics, Obstetrics/Gynecology, Psychiatry, Speech Pathology and Audiology and Pathology.In 2021, RMSAN entered into an Affiliation Agreement (the "Affiliation") by and among RMSAN, Renown Health ("Renown"), the Board of Regents of the Nevada System of Higher Education on behalf of the University of Nevada, Reno and its School of Medicine: The University of Nevada, Reno School of Medicine ("UNR Med") to more efficiently advance their shared clinical, research and educational purposes. The Affiliation resulted in the integration of medical education, clinical research and clinical practice activities between UNR Med and Renown. The Affiliation is a long-term commitment that establishes Nevada's first integrated health system to advance health and health care through world-class medical education, clinical research and patient care and transforms the delivery of healthcare services and creation of healthy communities throughout Nevada.The goal of the Affiliation is an integrated clinical, educational and research relationship with a shared vision, aligned governance, and unified leadership, through combined efforts working towards the unified vision of "A Healthy Nevada." The Affiliation has a mission of: improving quality patient care; increasing access to care for all, including creating new clinical specialty programs to serve the community; creating new clinical training experiences for residents and students; providing new patient access to clinical trials; expanding the research capabilities of all Parties; creating new residency specialties; increasing medical school student class sizes; and, recruiting physicians to grow clinical, educational and research programs. The Affiliation addresses the provider gap and increases access to care by developing new and innovative ways to train and retain the next generation of Nevada's health care professionals.For the year ended December 31, 2023, RMSAN, along with its parent, Renown Health and its subsidiaries, provided approximately $274 million in benefit to the community (using community benefit numbers gathered by the Nevada Hospital Association using state-approved criteria to ensure consistency). For a full report on the benefit Renown Health provided to our community, as well as our community needs assessment and community benefit plan, go to: https://www.renown.org/about/community-commitment.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $114,278
Program Service Revenue $11,346,252
Investment Income $0
Other Revenue $0
TOTAL REVENUE $11,460,530

Expense Breakdown

Grants Paid $367,460
Salaries & Benefits $3,145,362
Fundraising Expenses $0
Program Expenses $13,519,538
Other Expenses $12,603,628
TOTAL EXPENSES $16,116,450

Year-over-Year Comparison

2023 2022 Change
Revenue $11,460,530 $5,186,659 +1.2%
Expenses $16,116,450 $7,683,986 +1.1%
Net Income $-4,655,920 $-2,497,327 +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
4
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
$3,798,845
Total Directors
4
$2,865,255
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brian Erling President/CEO 2.00
Officer Director
$0 $215,714 $1,503,804
Ann Beck Chief Financial Officer 1.00
Officer
$0 $110,675 $933,590
Josiah Johnson Former Officer 0.00
$0 $18,368 $786,427
Bethany Sexton President and Chair/CEO 3.00
Officer Director
$0 $93,628 $771,934
Thomas Graf Former Officer 0.00
$0 $11,028 $604,805
Sean Hawthorne Former Officer 0.00
$0 $30,797 $436,803
Rebekah Winter Treasurer 3.00
Officer Director
$0 $15,531 $301,115
Jamie Winter Secretary 3.00
Officer Director
$0 $30,093 $288,402
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 $11,460,530 $16,116,450 $29,027,259 $-4,655,920
2022 $11,905,067 $17,167,494 $15,751,284 $-5,262,427
2022 $5,186,659 $7,683,986 $22,071,068 $-2,497,327
2021 $16,309,444 $16,954,918 $4,763,933 $-645,474
2020 $13,687,046 $14,959,373 $7,012,878 $-1,272,327
2019 $15,500,622 $13,086,315 $6,369,099 $2,414,307
2018 $15,750,667 $9,585,648 $3,850,618 $6,165,019
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