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Nonprofiteer
← ST VINCENT HEALTH INC

Form 990 for tax year 2024

Filed by ST VINCENT HEALTH INC.

Totals

Total revenue
$131,426,723
Total expenses
$121,765,520
Contributions and grants received
$12,887,268
Grants paid
$925,407
Program service revenue
$114,674,323
Investment income
$0
Other revenue
$3,865,132
Total assets, end of year
$93,209,806
Total liabilities, end of year
$143,835,348
Net assets or fund balances, end of year
-$50,625,542
Program services expenses (Part IX)
$85,182,774
Management and general expenses
$36,582,746
Fundraising expenses
$0
Program service expenses (Part III)
$85,182,774

Program services were 70.0% 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

    $288,812

  • 1e · Government grants (contributions)

    $12,498,456

  • 1f · All other contributions, gifts and grants

    $100,000

  • 2a · Program service revenue: Management Fees from Affiliates

    total $113,188,121 · related or exempt $113,188,121

  • 2b · Program service revenue: Services to Affiliates

    total $975,608 · related or exempt $975,608

  • 2c · Program service revenue: Income from Joint Ventures

    total $463,575 · related or exempt $463,575

  • 2d · Program service revenue: Contracted Services Revenue

    total $47,019 · related or exempt $47,019

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $100,393

  • 6c · Rental income or loss

    real property $100,393 · personal property $0

  • 6d · Net rental income or loss

    total $100,393 · excluded $100,393

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Rebates

    total $3,637,247 · excluded $3,637,247

  • 11b · Other revenue: Medical Records Fees

    total $95,868 · related or exempt $95,868

  • 11c · Other revenue: Hotel/Conference Revenue

    total $21,272 · excluded $21,272

  • 11d · All other revenue

    total $10,352 · related or exempt $0 · unrelated business $0 · excluded $10,352

  • 11e · Other revenue, total

    $3,764,739

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $896,907 · program services $896,907

  • 2 · Grants to domestic individuals

    total $28,500 · program services $28,500

  • 11a · Fees: management

    total $81,943 · program services $57,360 · management and general $24,583

  • 11d · Fees: lobbying

    total $473,573 · management and general $473,573

  • 11g · Fees: other

    total $3,476,684 · program services $2,433,678 · management and general $1,043,006 · fundraising $0

  • 12 · Advertising and promotion

    total $15,457,366 · program services $10,820,157 · management and general $4,637,209

  • 13 · Office expenses

    total $550,170 · program services $385,119 · management and general $165,051

  • 14 · Information technology

    total $135,640 · program services $94,948 · management and general $40,692

  • 16 · Occupancy

    total $4,152,040 · program services $2,906,428 · management and general $1,245,612

  • 17 · Travel

    total $707,841 · program services $495,489 · management and general $212,352

  • 19 · Conferences, conventions and meetings

    total $442,860 · program services $310,002 · management and general $132,858

  • 20 · Interest

    total $1,520,181 · program services $1,064,127 · management and general $456,054

  • 22 · Depreciation, depletion and amortization

    total $8,385,919 · program services $5,870,143 · management and general $2,515,776

  • 23 · Insurance

    total $19,117,010 · program services $13,381,907 · management and general $5,735,103

  • 24a · Other expenses: Purchased Services

    total $58,783,406 · program services $41,148,384 · management and general $17,635,022

  • 24b · Other expenses: System Office Allocations

    total $3,609,920 · program services $2,526,944 · management and general $1,082,976

  • 24c · Other expenses: Dues

    total $1,035,487 · program services $724,841 · management and general $310,646

  • 24d · Other expenses: Record Retention Expenses

    total $618,372 · program services $432,860 · management and general $185,512

  • 24e · All other expenses

    total $2,291,701 · program services $1,604,980 · management and general $686,721 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,000 · end of year $42,000

  • 2 · Savings and temporary cash investments

    beginning of year $6,105,090 · end of year $10,176,616

  • 3 · Pledges and grants receivable

    beginning of year $71,112 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $889,371 · end of year $467,307

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

    $106,497,851

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

    $79,576,850

  • 10c · Land, buildings and equipment, net

    beginning of year $23,120,974 · end of year $26,921,001

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $8,931,551 · end of year $9,395,127

  • 14 · Intangible assets

    beginning of year $7,324,760 · end of year $4,278,320

  • 15 · Other assets

    beginning of year $40,178,056 · end of year $41,929,435

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,919,011 · end of year $10,814,284

  • 19 · Deferred revenue

    beginning of year $86 · end of year $205

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $196,002,381 · end of year $133,020,859

  • 27 · Net assets without donor restrictions

    beginning of year -$113,258,564 · end of year -$50,625,542

Mission and programs · 2024

Mission

ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.

Activities or mission (Part I)

To improve the health and well-being of all people in the communities we serve.

  • THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO THOSE WHO NEED IT THE MOST. ST. VINCENT HEALTH, INC. (SVH) IS THE PARENT ENTITY OF A NON-PROFIT HEALTHCARE SYSTEM CONSISTING OF 20 LOCALLY-SPONSORED MINISTRIES (RANGING FROM SEVERAL RURAL, 25-BED HOSPITALS TO ITS FLAGSHIP, QUATERNARY-LEVEL, INDIANAPOLIS-BASED HOSPITAL) SERVING OVER 57 COUNTIES THROUGHOUT CENTRAL INDIANA. SVH'S SPONSORED MINISTRIES EMPLOY APPROXIMATELY 17,000 ASSOCIATES, MAKING ST. VINCENT HEALTH ONE OF THE LARGEST HEALTHCARE EMPLOYERS IN THE STATE. THIS FILING INCLUDES SVH CORPORATE-LEVEL ACTIVITIES ONLY.

    Expenses $85,182,774 · Grants $925,407 · Revenue $114,770,191

As filed on the 2024 return.

Listed in Part VII

  • JOHN RENDER

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN SPEER JD

    EX-OFFICIO/CEO, MINISTRY MARKET

    Total calculated
    $3,058,601
    From this org
    $0
    From related orgs
    $2,990,874
    Other
    $67,727
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $970,906 related
    Bonus
    $0 + $1,780,200 related
    Other
    $0 + $239,768 related
    Deferred
    $0 + $18,975 related
    Nontaxable benefits
    $0 + $48,752 related
    Filer's total
    $0 + $3,058,601 related

  • SETH MORALES

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SISTER THERESA SULLIVAN DC

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • AMANDA WRIGHT DO

    DIRECTOR

    Total calculated
    $3,840
    From this org
    $0
    From related orgs
    $3,840
    Other
    $0
    Hours/week
    1

  • BETSY MCCAW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRAD CLARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DOUG BOLES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS SEGAR MD

    DIRECTOR

    Total calculated
    $304,774
    From this org
    $0
    From related orgs
    $271,424
    Other
    $33,350
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $206,136 related
    Bonus
    $0 + $48,000 related
    Other
    $0 + $17,288 related
    Deferred
    $0 + $7,899 related
    Nontaxable benefits
    $0 + $25,451 related
    Filer's total
    $0 + $304,774 related

  • MARIA G DEL RIO MD

    DIRECTOR

    Total calculated
    $144,522
    From this org
    $0
    From related orgs
    $129,614
    Other
    $14,908
    Hours/week
    0 + 50 related

  • SKANDER NASSER III

    CFO, MINISTRY MARKET

    Total calculated
    $500,131
    From this org
    $0
    From related orgs
    $468,714
    Other
    $31,417
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $257,782 related
    Bonus
    $0 + $185,000 related
    Other
    $0 + $25,932 related
    Deferred
    $0 + $13,221 related
    Nontaxable benefits
    $0 + $18,196 related
    Filer's total
    $0 + $500,131 related

  • JONATHAN SAMUEL NALLI FACHE

    FORMER OFFICER (END 4/2023)

    Total calculated
    $949,654
    From this org
    $0
    From related orgs
    $943,404
    Other
    $6,250
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $943,404 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,250 related
    Filer's total
    $0 + $949,654 related

  • SHALIN SHAH

    FORMER OFFICER (END 1/2024)

    Total calculated
    $838,275
    From this org
    $0
    From related orgs
    $836,320
    Other
    $1,955
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $38,289 related
    Bonus
    $0 + $316,849 related
    Other
    $0 + $481,182 related
    Deferred
    $0 + $1,154 related
    Nontaxable benefits
    $0 + $801 related
    Filer's total
    $0 + $838,275 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
A RELATED ORGANIZATION OF THE FILING ORGANIZATION, USES ONE OR MORE OF THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY, AND - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PLEASE REFER TO THE FORM 990, PART VI, LINE 15A DISCLOSURE IN SCHEDULE O FOR ADDITIONAL DETAILS ON HOW COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS ESTABLISHED.
Schedule J, Part I, Line 4a Severance or change-of-control payment
THE FOLLOWING INDIVIDUAL(S) RECEIVED SEVERANCE PAYMENTS FROM THE ORGANIZATION OR A RELATED ORGANIZATION DURING THE CALENDAR YEAR 2024: JONATHAN SAMUEL NALLI - $933,000 SHALIN SHAH - $461,538
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
ELIGIBLE EXECUTIVES PARTICIPATE IN A PROGRAM THAT PROVIDES FOR SUPPLEMENTAL RETIREMENT BENEFITS. THE PAYMENT OF BENEFITS UNDER THE PROGRAM, IF ANY, IS ENTIRELY DEPENDENT UPON THE FACTS AND CIRCUMSTANCES UNDER WHICH THE EXECUTIVE TERMINATES EMPLOYMENT WITH THE ORGANIZATION. BENEFITS UNDER THE PROGRAM ARE UNFUNDED AND NON-VESTED. DUE TO THE SUBSTANTIAL RISK OF FORFEITURE PROVISION, THERE IS NO GUARANTEE THAT THESE EXECUTIVES WILL EVER RECEIVE ANY BENEFIT UNDER THE PROGRAM. ANY AMOUNT ULTIMATELY PAID UNDER THE PROGRAM TO THE EXECUTIVE IS REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. NO INDIVIDUALS RECEIVED CURRENT YEAR DISTRIBUTIONS.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
9 May 2026
IRS schema version
2024v5.1
Source object
202601299349301025

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