The Nebraska Medical Center

EIN: 911858433 501(c)(3) Health Care

Omaha, NE

Total Revenue
$2,083,654,888
Total Expenses
$2,040,013,770
Total Assets
$2,488,651,093
Net Assets
$1,257,889,661
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NE
Phone
4025594000
Tax Period
2022-07-01 to 2023-06-30

The Nebraska Medical Center, founded in 1997, is a large national nonprofit in the Health Care sector that reported $2.1B in total revenue in fiscal year 2022. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

The Nebraska Medical Center (TNMC)'s mission is to lead the world in transforming lives to create a healthy future for individuals and communities through premier educational programs, innovative research, and extraordinary patient care.

Program Service Accomplishments

Program 1
Expenses: $314,837,751 Revenue: $373,690,868

Oncology Service Line Cancer treatment services offered by the corporation include treatment of lymphoma, leukemia, multiple myeloma, head and neck, breast, gastrointestinal, pancreatic, lung...

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Oncology Service Line Cancer treatment services offered by the corporation include treatment of lymphoma, leukemia, multiple myeloma, head and neck, breast, gastrointestinal, pancreatic, lung, genitourinary prostate, gynecologic, melanoma, brain, and spine cancers. The patients are supported by research that is conducted on the University of Nebraska Medical Center (UNMC) campus. The Nebraska Medical Center (TNMC) is the only clinical cancer center in its service area designated by the national cancer institute. In addition to treatment and clinical trials, TNMC offers support groups, social work, pain management, financial counselors, survivorship groups, genetic counseling, and a variety of additional patient supportive services. In June 2017, TNMC opened the Fred and Pamela Buffett Cancer Center. The center is jointly owned with UNMC, and it is one of the foremost cancer research and treatment facilities in the country. It is the site of inpatient hospital care, as well as outpatient and diagnostic care. UNMC's facilities, within the center, house research labs. TNMC operates cancer treatment locations in Bellevue, NE; West Omaha, NE; Rural Central Nebraska; and Atlantic, IA. In addition, as one of the busiest programs in the world, the bone marrow transplantation program served 234 patients in the year ended June 30, 2023. A 24/7 emergency and evaluation treatment center are dedicated to cancer and transplants. The program benefits from the research conducted on TNMC/UNMC campuses. TNMC was one of the first cancer centers in the nation to participate in clinical trials for CAR-T cell therapy. It was FDA-Approved in October 2017. The therapy treatment was extended to leukemia patients in 2018 and multiple myeloma patients in 2019. During fiscal year 2023, the oncology service line treated 138,228 cases.

Program 2
Expenses: $288,192,684 Revenue: $381,994,763

Heart and Vascular Service Line The Nebraska Medical Center (TNMC) provides a wide range of cardiovascular services from diet counseling to surgical procedures and rehabilitation to patients from the...

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Heart and Vascular Service Line The Nebraska Medical Center (TNMC) provides a wide range of cardiovascular services from diet counseling to surgical procedures and rehabilitation to patients from the surrounding region. TNMC has grown into one of the busiest centers in the country for ventricular assist device operations. TNMC has been successful in recruiting physicians and has the only heart failure specialist in the region, and the only heart failure program certified by the joint commission in the State of Nebraska. In 2016, TNMC began a lung transplant program, and in December 2017, TNMC performed the state's first heart and lung transplant. In the year ended June 30, 2023, TNMC performed 7 lung transplants. The congestive heart failure program and acute myocardial infarction program each received the gold seal of approval certification from the American Heart Association. This program is certified by the joint commission, and these services are the only nationally certified programs of their kind in the State of Nebraska. The chest pain center has received full chest pain center accreditation from the Society of Chest Pain Centers. TNMC has been recognized for service excellence under the J.D. Power and Associates Distinguished Hospital Program. TNMC has the only joint commission certified destination therapy program in the state and is the only hospital in the region performing adult heart transplants and implanting total artificial hearts. In the year ended June 30, 2023, 878 open heart surgeries were performed, including 34 heart transplants.

Program 3
Expenses: $285,506,681 Revenue: $293,075,534

Neurological Sciences Service Line The core services include precise diagnosis and treatment of stroke and vascular disease, movement and memory disorders, multiple sclerosis brain and spinal tumors...

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Neurological Sciences Service Line The core services include precise diagnosis and treatment of stroke and vascular disease, movement and memory disorders, multiple sclerosis brain and spinal tumors, spine as well as epilepsy. The epilepsy center is the only level four center in the region and treats patients from the State of Nebraska and surrounding region. The Nebraska Medical Center (TNMC) has one of the few magnetoencephalography (MEG) scanners and trained MEG scientists in the region. The MEG can detect brain activity in much greater detail and with more accuracy than previous methods and advances patient care and research opportunities. In July 2018, TNMC opened the Twin Creek Health Center, a dedicated neurological sciences ambulatory clinic in Bellevue, NE. TNMC has earned the American Heart Association/American Stroke Association's Get with the Guidelines Stroke Gold Plus Achievement Award. Get with the Guidelines is a hospital-based, quality-improvement program designed to ensure hospitals consistently care for cardiac and stroke patients following the most up-to-date guidelines and recommendations. TNMC also hosts the only young adult stroke support group to address the emotion and physical challenges of recovering from stroke.

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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 $15,081,832
Program Service Revenue $1,852,044,220
Investment Income $37,383,982
Other Revenue $179,144,854
TOTAL REVENUE $2,083,654,888

Expense Breakdown

Grants Paid $377,099,361
Salaries & Benefits $705,834,423
Fundraising Expenses $637,661
Program Expenses $2,030,109,852
Other Expenses $956,629,986
TOTAL EXPENSES $2,040,013,770

Year-over-Year Comparison

2022 2021 Change
Revenue $2,083,654,888 $1,855,915,359 +0.1%
Expenses $2,040,013,770 $1,816,568,422 +0.1%
Net Income $43,641,118 $39,346,937 +0.1%
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
5
Employees
10661
Volunteers
261

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
$3,482,273
Total Directors
11
$1,032,998
Key Employees
15
$8,610,536
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR (TREASURER) 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR (CHAIRMAN) 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR (VICE CHAIRMAN) 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR (SECRETARY) 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR 30.0
Director
$0 $37,005 $523,163
N/A DIRECTOR 30.0
Director
$0 $34,860 $509,835
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 (END 12/2022) 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A CEO 44.0
Officer
$2,548,407 $16,097 $2,564,504
N/A CFO 45.0
Officer
$886,748 $31,021 $917,769
N/A CHIEF LEGAL OFFICER 45.0
Key Emp
$662,348 $22,647 $684,995
N/A INFORMATION TECH VP (END 07/2022) 30.0
Key Emp
$334,509 $4,752 $339,261
N/A VP Finance 45.0
Key Emp
$414,088 $16,657 $430,745
N/A CHIEF OPERATIONS OFFICER (END 11/2022) 45.0
Key Emp
$924,725 $12,129 $936,854
N/A CHIEF MEDICAL OFFICER 45.0
Key Emp
$980,966 $25,948 $1,006,914
N/A CHIEF NURSING OFFICER 44.0
Key Emp
$535,837 $36,620 $572,457
N/A CHIEF HUMAN CAPITAL OFFICER 45.0
Key Emp
$643,280 $32,424 $675,704
N/A FACILITIES MANAGEMENT VP 55.0
Key Emp
$336,405 $34,665 $371,070
N/A ACUTE CARE/PATH SVCS VP 55.0
Key Emp
$468,482 $36,647 $505,129
N/A PharmD VP 55.0
Key Emp
$495,676 $23,940 $519,616
N/A PERIOP SVS/BELLEVUE VP 54.0
Key Emp
$467,063 $38,086 $505,149
N/A CHIEF OPERATIONS OFFICER 45.0
Key Emp
$842,276 $45,635 $887,911
N/A Information Technology VP (BEG 8/2022) 30.0
Key Emp
$211,658 $2,585 $214,243
N/A CANCER CTR/RAD/IMAG SVCS VP 55.0
Key Emp
$419,155 $36,344 $455,499
N/A AMB CLINICS/CLINICAL PROG VP 55.0
Key Emp
$468,337 $36,652 $504,989
N/A CORP MARK & COMM VP 55.0
Highest
$366,944 $27,438 $394,382
N/A Staff-Physician-Primary 55.0
Highest
$399,074 $34,459 $433,533
N/A STAFF PHYSICIAN-PRIMARY 55.0
Highest
$373,210 $25,097 $398,307
N/A STAFF PHYSICIAN-PRIMARY 55.0
Highest
$412,694 $36,695 $449,389
N/A STAFF PHYSICIAN-PRIMARY 55.0
Highest
$391,524 $36,618 $428,142
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 $2,083,654,888 $2,040,013,770 $2,488,651,093 $43,641,118
2022 $1,855,915,359 $1,816,568,422 $1,993,427,448 $39,346,937
2021 $1,852,667,162 $1,679,369,633 $2,150,779,133 $173,297,529
2020 $1,630,133,077 $1,579,927,000 $2,200,629,584 $50,206,077
2019 $1,498,883,249 $1,455,315,963 $1,518,041,391 $43,567,286
2018 $1,341,572,191 $1,283,126,721 $1,438,973,391 $58,445,470
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