Reno, NV
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)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.
Renown Health makes a genuine difference in the health and well-being of the people and communities we serve.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare Renown Health with other nonprofits in Nevada and across the country.