Renown Regional Medical Center

EIN: 880213754 501(c)(3) Health Care

Reno, NV

Total Revenue
$1,167,267,797
Total Expenses
$1,102,679,572
Total Assets
$800,735,087
Net Assets
$-130,660,522
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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NV
Principal Officer
Brian Erling
Phone
7759826488
Tax Period
2023-01-01 to 2023-12-31

Renown Regional Medical Center, founded in 1985, is a large national nonprofit in the Health Care sector that reported $1.2B in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum. Expenses of $1.1B left a modest 6% surplus.

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: $910,878,221 Revenue: $1,149,539,482

Renown Regional Medical Center is an accredited, 826-licensed bed, general and acute-care hospital serving communities in Nevada and northeastern California. A not-for-profit hospital offering a full...

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Renown Regional Medical Center is an accredited, 826-licensed bed, general and acute-care hospital serving communities in Nevada and northeastern California. A not-for-profit hospital offering a full range of medical, diagnostic and ancillary services, Renown Regional provides the only designated Level II Trauma Center between Sacramento and Salt Lake City. It is a teaching hospital for the professional development of the University of Nevada-Reno School of Medicine and the region's healthcare professionals.Renown Regional provides necessary healthcare services regardless of race, creed, sex, gender, national origin, handicap, age or ability to pay. People in our community have access to Renown Regional services in specialties including: cancer, heart, neurosciences, orthopedics, surgery, intensive and emergency care, behavioral health, addiction, and women's and children's health. Renown is governed by a board of community members, the majority of who live in our primary service area and who are neither employees, independent contractors or family members. Renown has a medical staff of 1,132 and extends privileges on its medical staff to all eligible and qualified physicians and allied health professionals. As a non-profit organization, we reinvest every dollar we earn back into the communities we serve, through staffing, technology, treatment, and training to enhance patient care, medical education and research.As part of an integrated health network, Renown Regional provides many services to the community that otherwise would require people travel to other cities to receive care. These programs, services and technology include: a Level II Trauma Center for adults and children, a Pediatric Intensive Care Unit, a Level 3 Neonatal Intensive Care Unit, ECMO, TomoTherapy High Art System, Varian TrueBeam, biplane angiography, a dedicated PET/CT scanner, a Joint Commission-certified Comprehensive Stroke Center, comprehensive amputee services, a NAEC accredited level III Epilepsy Center, an ABRET-accredited Epilepsy Monitoring Lab, an Intersocietal Commission-accredited Echocardiography Lab, multi-specialty da Vinci Robotic Surgery Program, a Chest Pain Center using the D-SPECT heart camera, and first in the West to implement the Pritikin Intensive Cardiac Rehabilitation program. Renown Regional also offers access to the largest number of clinical research trials in the region.Renown Regional is comprised of the Medical Center and multiple Centers for Advanced Medicine. Renown Regional offers more than 40 physician specialties, including cardiac surgery, cardiology, endocrinology, geriatrics, gynecologic oncology, infectious disease, neurosurgery, orthopedics, otolaryngology, pediatric anesthesia, pediatric endocrinology, pediatric gastroenterology, pediatric neurology, pediatric orthopedics, pediatric ophthalmology, pediatric pulmonology, adolescent medicine, pediatric oncology and hematology, perinatology, plastic surgery, psychiatry, pulmonary medicine, radiation therapy, radiology, rheumatology and urology.For the year ended December 31, 2023, Renown Regional, 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 needs assessment and community benefit plan go to: https://www.renown.org/en/about/community-commitment/community-health-needs-assessment/.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,955,432
Program Service Revenue $1,154,578,261
Investment Income $3,218,295
Other Revenue $515,809
TOTAL REVENUE $1,167,267,797

Expense Breakdown

Grants Paid $4,858,748
Salaries & Benefits $455,308,995
Fundraising Expenses $0
Program Expenses $910,878,221
Other Expenses $642,511,829
TOTAL EXPENSES $1,102,679,572

Year-over-Year Comparison

2023 2022 Change
Revenue $1,167,267,797 $546,689,447 +1.1%
Expenses $1,102,679,572 $536,924,015 +1.1%
Net Income $64,588,225 $9,765,432 +5.6%
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
N/A
Volunteers
272

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
$2,521,394
Total Directors
10
$1,694,934
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dawn Ahner Former Key Employee 0.00
$1,781,034 $0 $1,781,034
Brian Erling President/CEO 23.00
Officer Director
$0 $215,714 $1,503,804
Ann Beck Chief Financial Officer 32.00
Officer
$0 $110,675 $933,590
Josiah Johnson Former Officer 0.00
$0 $18,368 $786,427
Thomas Graf Former Officer 0.00
$0 $11,028 $604,805
Chris Nicholas CEO Renown Regional 60.00
Highest
$409,614 $72,020 $481,634
Brett Moore CFO Acute Care 60.00
Highest
$354,395 $27,285 $381,680
Amy McCombs COO Renown Regional 60.00
Highest
$321,354 $33,694 $355,048
James Ascue Registered Nurse 60.00
Highest
$280,177 $18,901 $299,078
Marvin Glass Senior Medical Physicist 60.00
Highest
$243,313 $7,961 $251,274
Adam Kramer Chair 3.00
Officer Director
$0 $0 $36,000
Jeff Resnik Director 3.00
Director
$0 $0 $29,130
Tammy Dermody Secretary & Vice Chair 3.00
Officer Director
$0 $0 $24,000
Bijel Doshi Treasurer 3.00
Officer Director
$0 $0 $24,000
Mark Knobel Director 3.00
Director
$0 $0 $24,000
Marc Mora Director 3.00
Director
$0 $0 $24,000
Thomas Deveny Director 3.00
Director
$0 $0 $15,000
Stephanie Lepori Director 3.00
Director
$0 $0 $15,000
Brian Sandoval Director 3.00
Director
$0 $0 $0
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 $1,167,267,797 $1,102,679,572 $800,735,087 $64,588,225
2022 $976,548,442 $999,571,112 $871,904,900 $-23,022,670
2022 $546,689,447 $536,924,015 $812,060,290 $9,765,432
2021 $963,436,826 $944,998,796 $1,403,197,593 $18,438,030
2020 $918,236,960 $878,215,022 $920,238,119 $40,021,938
2019 $901,280,715 $824,879,636 $769,643,633 $76,401,079
2018 $850,479,928 $760,971,403 $758,017,408 $89,508,525
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