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Nonprofiteer
← RENOWN REGIONAL MEDICAL CENTER

Form 990 for tax year 2022

Filed by RENOWN REGIONAL MEDICAL CENTER.

Totals

Total revenue
$546,689,447
Total expenses
$536,924,015
Contributions and grants received
$12,006,056
Grants paid
$2,462,615
Program service revenue
$533,409,610
Investment income
$1,037,920
Other revenue
$235,861
Total assets, end of year
$812,060,290
Total liabilities, end of year
$850,982,911
Net assets or fund balances, end of year
-$38,922,621
Program services expenses (Part IX)
$442,947,325
Management and general expenses
$93,976,690
Fundraising expenses
$0
Program service expenses (Part III)
$442,947,325

Program services were 82.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $5,824,677

  • 1e · Government grants (contributions)

    $6,181,379

  • 2a · Program service revenue: Patient Services

    total $368,637,797 · related or exempt $368,637,797

  • 2b · Program service revenue: Laboratory Services

    total $102,160,605 · related or exempt $102,154,142 · unrelated business $6,463

  • 2c · Program service revenue: Patient Prescriptions

    total $61,119,166 · related or exempt $60,665,595 · unrelated business $453,571

  • 2d · Program service revenue: Cafeteria

    total $1,492,042 · excluded $1,492,042

  • 3 · Investment income

    total $1,322,368 · excluded $1,322,368

  • 6a · Gross rents

    real property $351,947

  • 6b · Less rental expenses

    real property $174,271

  • 6c · Rental income or loss

    real property $177,676

  • 6d · Net rental income or loss

    total $177,676 · unrelated business $3,968 · excluded $173,708

  • 7a · Gross sales of assets other than inventory

    other assets $20,561

  • 7b · Less cost or other basis and sales expenses

    other assets $305,009

  • 7c · Gain or loss

    other assets -$284,448

  • 7d · Net gain or loss

    total -$284,448 · excluded -$284,448

  • 10a · Gross sales of inventory

    $115,460

  • 10b · Cost of goods sold

    $57,275

  • 10c · Net income from sales of inventory

    total $58,185 · related or exempt $58,185

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $281,408 · program services $281,408

  • 2 · Grants to domestic individuals

    total $2,181,207 · program services $2,181,207

  • 7 · Other salaries and wages

    total $187,243,898 · program services $184,900,937 · management and general $2,342,961

  • 8 · Pension plan contributions

    total $519,404 · program services $510,577 · management and general $8,827

  • 9 · Other employee benefits

    total $17,550,323 · program services $17,252,069 · management and general $298,254

  • 10 · Payroll taxes

    total $9,454,509 · program services $9,293,836 · management and general $160,673

  • 11b · Fees: legal

    total $68,319 · program services $68,319

  • 11c · Fees: accounting

    total $147 · program services $147

  • 11d · Fees: lobbying

    total $11,357 · program services $11,357

  • 11g · Fees: other

    total $121,639,186 · program services $41,309,875 · management and general $80,329,311

  • 13 · Office expenses

    total $7,325,851 · program services $6,208,653 · management and general $1,117,198

  • 14 · Information technology

    total $2,179,647 · program services $1,364,778 · management and general $814,869

  • 16 · Occupancy

    total $5,091,270 · program services $5,083,770 · management and general $7,500

  • 17 · Travel

    total $164,714 · program services $162,314 · management and general $2,400

  • 19 · Conferences, conventions and meetings

    total $76,946 · program services $76,946

  • 20 · Interest

    total $10,308,369 · program services $9,098,420 · management and general $1,209,949

  • 22 · Depreciation, depletion and amortization

    total $18,417,865 · program services $12,851,122 · management and general $5,566,743

  • 23 · Insurance

    total $467,710 · program services $43,227 · management and general $424,483

  • 24a · Other expenses: Medical Supplies

    total $106,785,995 · program services $106,785,995 · management and general $0

  • 24b · Other expenses: Bad Debt

    total $35,784,612 · program services $35,784,612 · management and general $0

  • 24c · Other expenses: Recruitment

    total $8,764,729 · program services $8,764,729 · management and general $0

  • 24d · Other expenses: UBIT Tax

    total $5,054 · program services $5,054

  • 24e · All other expenses

    total $2,601,495 · program services $907,973 · management and general $1,693,522

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $400 · end of year $400

  • 2 · Savings and temporary cash investments

    beginning of year $132,042,677 · end of year $42,645,501

  • 4 · Accounts receivable

    beginning of year $167,665,446 · end of year $167,143,878

  • 8 · Inventories for sale or use

    beginning of year $23,086,257 · end of year $24,496,228

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,640,662 · end of year $3,815,152

  • 10a · Land, buildings and equipment: cost or other basis

    $969,784,017

  • 10b · Land, buildings and equipment: accumulated depreciation

    $537,033,645

  • 10c · Land, buildings and equipment, net

    beginning of year $401,593,153 · end of year $432,750,372

  • 15 · Other assets

    beginning of year $142,876,305 · end of year $141,208,759

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,836,270 · end of year $55,538,924

  • 20 · Tax-exempt bond liabilities

    beginning of year $678,496,953 · end of year $676,438,794

  • 25 · Other liabilities

    beginning of year $85,360,527 · end of year $119,005,193

  • 27 · Net assets without donor restrictions

    beginning of year $63,211,150 · end of year -$53,057,930

  • 28 · Net assets with donor restrictions

    end of year $14,135,309

Mission and programs · 2022

Mission

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

Activities or mission (Part I)

An 808 bed acute-care hospital and the region's only Level II trauma center.

  • See Schedule ORenown Regional Medical Center is an accredited, 808-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 Regional 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 Regional 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, a pediatric intensive care unit, 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. These house medical specialty and subspecialty practices. In partnership with the 808 physicians on its medical staff, 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 six-month period ended December 31, 2022, Renown Regional, along with its parent, Renown Health and its subsidiaries, provided approximately $99 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/.

    Expenses $442,947,325 · Grants $2,462,615 · Revenue $533,467,795

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Josiah Johnson - President

    (Jul-Nov)/Chief of Staff

    Total calculated
    $1,073,775
    From this org
    $0
    From related orgs
    $923,348
    Other
    $150,427
    Hours/week
    23 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $781,371 related
    Bonus
    $0 + $139,454 related
    Other
    $0 + $2,523 related
    Deferred
    $0 + $126,298 related
    Nontaxable benefits
    $0 + $25,590 related
    Filer's total
    $0 + $1,075,236 related

  • Thomas Graf - CEO Jul-Nov

    Chief Clinical & Quality Officer

    Total calculated
    $832,636
    From this org
    $0
    From related orgs
    $713,325
    Other
    $119,311
    Hours/week
    23 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $709,455 related
    Bonus
    $0
    Other
    $0 + $3,870 related
    Deferred
    $0 + $94,702 related
    Nontaxable benefits
    $0 + $24,608 related
    Filer's total
    $0 + $832,635 related

  • Ann Beck

    Chief Financial Officer

    Total calculated
    $779,707
    From this org
    $0
    From related orgs
    $669,952
    Other
    $109,755
    Hours/week
    32 + 28 related

    Schedule J breakdown matched by us

    Base
    $0 + $559,973 related
    Bonus
    $0 + $98,876 related
    Other
    $0 + $11,103 related
    Deferred
    $0 + $95,400 related
    Nontaxable benefits
    $0 + $15,817 related
    Filer's total
    $0 + $781,169 related

  • Eddy Akbar

    Chief Medical Officer - Acute Svcs

    Total calculated
    $457,247
    From this org
    $432,711
    From related orgs
    $0
    Other
    $24,536
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $428,500
    Bonus
    $3,692
    Other
    $519
    Deferred
    $11,792
    Nontaxable benefits
    $12,927
    Filer's total
    $457,430

  • Chris Nicholas

    Chief Executive Officer - RRMC

    Total calculated
    $369,211
    From this org
    $332,471
    From related orgs
    $0
    Other
    $36,740
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $331,736
    Bonus
    $0
    Other
    $735
    Deferred
    $8,745
    Nontaxable benefits
    $28,400
    Filer's total
    $369,616

  • Brett Moore

    Chief Financial Officer - Acute Care

    Total calculated
    $361,999
    From this org
    $328,584
    From related orgs
    $0
    Other
    $33,415
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $328,134
    Bonus
    $0
    Other
    $450
    Deferred
    $9,073
    Nontaxable benefits
    $24,656
    Filer's total
    $362,313

  • Amy McCombs

    Chief Operating Officer - RRMC

    Total calculated
    $260,091
    From this org
    $236,454
    From related orgs
    $0
    Other
    $23,637
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $235,554
    Bonus
    $0
    Other
    $900
    Deferred
    $5,866
    Nontaxable benefits
    $17,941
    Filer's total
    $260,261

  • Meagen Smith

    Registered Nurse

    Total calculated
    $253,290
    From this org
    $223,665
    From related orgs
    $0
    Other
    $29,625
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $221,009
    Bonus
    $0
    Other
    $2,656
    Deferred
    $6,483
    Nontaxable benefits
    $23,158
    Filer's total
    $253,306

  • Anthony Slonim

    Former Officer

    Total calculated
    $245,835
    From this org
    $0
    From related orgs
    $232,791
    Other
    $13,044
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $231,898 related
    Bonus
    $0
    Other
    $0 + $893 related
    Deferred
    $0 + $7,012 related
    Nontaxable benefits
    $0 + $6,032 related
    Filer's total
    $0 + $245,835 related

  • Brian Erling

    President/CEO (Nov-Dec)

    Total calculated
    $183,417
    From this org
    $0
    From related orgs
    $183,417
    Other
    $0
    Hours/week
    23 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,310 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $7,107 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $183,417 related

  • Adam Kramer

    Chair

    Total calculated
    $52,760
    From this org
    $0
    From related orgs
    $52,760
    Other
    $0
    Hours/week
    3 + 9 related

  • Jeff Resnik

    Director

    Total calculated
    $28,736
    From this org
    $0
    From related orgs
    $28,736
    Other
    $0
    Hours/week
    3 + 9 related

  • Tammy Dermody

    Secretary & Vice Chair

    Total calculated
    $24,000
    From this org
    $0
    From related orgs
    $24,000
    Other
    $0
    Hours/week
    3 + 9 related

  • Bijel Doshi

    Treasurer

    Total calculated
    $24,000
    From this org
    $0
    From related orgs
    $24,000
    Other
    $0
    Hours/week
    3 + 9 related

  • Marc Mora

    Director

    Total calculated
    $24,000
    From this org
    $0
    From related orgs
    $24,000
    Other
    $0
    Hours/week
    3 + 9 related

  • James DeVolld

    Past Chair

    Total calculated
    $15,196
    From this org
    $0
    From related orgs
    $15,196
    Other
    $0
    Hours/week
    3 + 9 related

  • Thomas Deveny

    Director

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    3 + 9 related

  • Steven Johnson

    Director

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    3 + 9 related

  • Christi Matteoni

    Director (Jul-Sep)

    Total calculated
    $11,250
    From this org
    $0
    From related orgs
    $11,250
    Other
    $0
    Hours/week
    3 + 9 related

  • Mark Knobel

    Director

    Total calculated
    $0
    Hours/week
    3 + 9 related

  • Brian Sandoval

    Director

    Total calculated
    $0
    Hours/week
    3 + 9 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
Renown Regional Medical Center relied on Renown Health, a related organization to establish compensation for its top management official. Renown Health used the following methods to establish compensation: compensation committee, independent compensation consultant, compensation survey or study, and approval by the board or compensation committee. See Renown Health's Form 990, Schedule O, narrative for Part VI, Section B, Line 15 for a description of the process utilized by Renown Health.
Part I, Line 4b
Thomas Graf, Ann Beck, and Josiah Johnson are parties to a supplemental nonqualified retirement plan. Contributions of $82,502 to Thomas Graf, $84,752 to Ann Beck, and $114,098 to Josiah Johnson were included in Schedule J, Part II, Column (C).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202323179349303077

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