Renown Health

EIN: 942972845 501(c)(3) Health Care

Reno, NV

Total Revenue
$240,691,502
Total Expenses
$279,568,196
Total Assets
$434,587,423
Net Assets
$347,163,270
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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 Health, founded in 1985, is a major nonprofit in the Health Care sector that reported $240.7M in total revenue in fiscal year 2023. Revenue surged 101% from the prior year, signaling strong growth momentum. Expenses of $279.6M exceeded revenue, resulting in a 16% 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: $253,516,153 Revenue: $240,030,207

Renown Health is the parent company of northern Nevada's largest, private, not-for-profit healthcare network. Our income stays right here in the community to provide many programs and services that...

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Renown Health is the parent company of northern Nevada's largest, private, not-for-profit healthcare network. Our income stays right here in the community to provide many programs and services that would otherwise be unavailable. Renown Health is dedicated to this region and governed by local community leaders and physicians. We are proud to provide the health and education that our friends, neighbors and family members expect and deserve.Founded in 1862 as the Washoe Clinic to treat patients affected by a smallpox outbreak in Washoe County, Renown Health was created by members of our community. For more than 150 years, we have solidified a trusting partnership upon which residents have come to depend. With community at the center of our mission, we embrace our commitment to make a genuine difference in lives of others.Renown Health provides various services to all affiliates including Renown Regional Medical Center, an 826-bed full service regional hospital, Renown South Meadows Medical Center, a 115-bed acute care community hospital, and Renown Rehabilitation Hospital, a 62-bed rehabilitation hospital. This furthers the tax-exempt status of the supported Renown entities that provide quality healthcare for Renown's primary service area, Washoe County and the secondary service areas of northern Nevada and northern California.Renown Health has more than 7,000 employees and serves Northern Nevada, Lake Tahoe and Northeast California with a total population in excess of two million. In addition to the two medical centers and a rehabilitation hospital mentioned above, Renown also has a children's hospital, and over 100 medical group, urgent care and outpatient imaging practices. Hometown Health is the insurance division of Renown Health and is Northern Nevada's largest local, not-for-profit health insurance company that provides wide-ranging medical coverage.Renown has a long tradition and commitment to improve the care and the health of our community. Besides our commitment to meeting the healthcare needs of the region, Renown Health gives back to communities by contributing funds, services, facilities and the time and expertise of employees. These benefits to the community flow from Renown Health as a whole and from the individual hospitals, facilities and departments that make up our health network. Renown is currently enrolling participants in a community-based genetic population health study, the Healthy Nevada Project, whose goal is to learn how genetics impacts personal health and use the information to make better health decisions.For the year ended December 31, 2023, 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

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 $122,656
Program Service Revenue $240,030,207
Investment Income $-187,427
Other Revenue $726,066
TOTAL REVENUE $240,691,502

Expense Breakdown

Grants Paid $42,589,238
Salaries & Benefits $120,917,865
Fundraising Expenses $0
Program Expenses $253,516,153
Other Expenses $116,061,093
TOTAL EXPENSES $279,568,196

Year-over-Year Comparison

2023 2022 Change
Revenue $240,691,502 $120,033,191 +1.0%
Expenses $279,568,196 $119,634,961 +1.3%
Net Income $-38,876,694 $398,230 -98.6%
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
8856
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
$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
Brian Erling President/CEO 13.00
Officer Director
$1,288,090 $215,714 $1,503,804
Ann Beck Chief Financial Officer 13.00
Officer
$822,915 $110,675 $933,590
Josiah Johnson Chief of Staff (Thru 01/23) 60.00
Highest
$768,059 $18,368 $786,427
Paul Harris Chief Legal Counsel 60.00
Highest
$671,122 $87,508 $758,630
Chuck Podesta Chief Information Officer 60.00
Highest
$602,877 $20,952 $623,829
Thomas Graf - Chief Clinical Quality Officer (Thru 01/23) 60.00
Highest
$593,777 $11,028 $604,805
Rahul Mediwala CEO Medical Group 60.00
Highest
$544,920 $35,936 $580,856
Adam Kramer Chair 3.00
Officer Director
$36,000 $0 $36,000
Jeff Resnik Director 3.00
Director
$29,130 $0 $29,130
Tammy Dermody Secretary & Vice Chair 3.00
Officer Director
$24,000 $0 $24,000
Bijel Doshi Treasurer 3.00
Officer Director
$24,000 $0 $24,000
Mark Knobel Director 3.00
Director
$24,000 $0 $24,000
Marc Mora Director 3.00
Director
$24,000 $0 $24,000
Thomas Deveny Director 3.00
Director
$15,000 $0 $15,000
Stephanie Lepori Director 3.00
Director
$15,000 $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 $240,691,502 $279,568,196 $434,587,423 $-38,876,694
2022 $222,562,734 $232,577,111 $392,247,887 $-10,014,377
2022 $120,033,191 $119,634,961 $404,661,952 $398,230
2021 $203,266,795 $217,764,254 $1,033,752,208 $-14,497,459
2020 $183,708,499 $208,258,090 $818,842,122 $-24,549,591
2019 $165,079,465 $185,082,089 $658,049,342 $-20,002,624
2018 $158,345,040 $178,099,196 $513,034,081 $-19,754,156
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