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Nonprofiteer
← RENOWN REGIONAL MEDICAL CENTER

Form 990 for tax year 2023

Filed by RENOWN REGIONAL MEDICAL CENTER.

Totals

Total revenue
$1,167,267,797
Total expenses
$1,102,679,572
Contributions and grants received
$8,955,432
Grants paid
$4,858,748
Program service revenue
$1,154,578,261
Investment income
$3,218,295
Other revenue
$515,809
Total assets, end of year
$800,735,087
Total liabilities, end of year
$931,395,609
Net assets or fund balances, end of year
-$130,660,522
Program services expenses (Part IX)
$910,878,221
Management and general expenses
$191,801,351
Fundraising expenses
$0
Program service expenses (Part III)
$910,878,221

Program services were 82.6% 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

    $5,726,740

  • 1e · Government grants (contributions)

    $3,228,692

  • 2a · Program service revenue: Patient Services

    total $788,002,200 · related or exempt $788,002,200

  • 2b · Program service revenue: Laboratory Services

    total $222,725,284 · related or exempt $222,581,040 · unrelated business $144,244

  • 2c · Program service revenue: Patient Prescriptions

    total $142,170,830 · related or exempt $138,809,894 · unrelated business $3,360,936

  • 2d · Program service revenue: Cafeteria

    total $1,679,947 · excluded $1,679,947

  • 3 · Investment income

    total $3,397,863 · excluded $3,397,863

  • 6a · Gross rents

    real property $706,485

  • 6b · Less rental expenses

    real property $337,024

  • 6c · Rental income or loss

    real property $369,461

  • 6d · Net rental income or loss

    total $369,461 · unrelated business $9,581 · excluded $359,880

  • 7a · Gross sales of assets other than inventory

    other assets $71,480

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

    other assets $251,048

  • 7c · Gain or loss

    other assets -$179,568

  • 7d · Net gain or loss

    total -$179,568 · excluded -$179,568

  • 10a · Gross sales of inventory

    $283,863

  • 10b · Cost of goods sold

    $137,515

  • 10c · Net income from sales of inventory

    total $146,348 · related or exempt $146,348

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $56,430 · program services $56,430

  • 2 · Grants to domestic individuals

    total $4,802,318 · program services $4,802,318

  • 6 · Compensation of disqualified persons

    total $1,781,034 · management and general $1,781,034

  • 7 · Other salaries and wages

    total $382,586,749 · program services $379,123,113 · management and general $3,463,636

  • 8 · Pension plan contributions

    total $9,860,828 · program services $9,726,125 · management and general $134,703

  • 9 · Other employee benefits

    total $37,456,960 · program services $36,945,282 · management and general $511,678

  • 10 · Payroll taxes

    total $23,623,424 · program services $23,300,718 · management and general $322,706

  • 11b · Fees: legal

    total $39,760 · program services $39,760

  • 11c · Fees: accounting

    total $154 · program services $154

  • 11d · Fees: lobbying

    total $28,380 · program services $28,380

  • 11g · Fees: other

    total $263,629,898 · program services $101,360,183 · management and general $162,269,715

  • 12 · Advertising and promotion

    total $3,845 · program services $2,903 · management and general $942

  • 13 · Office expenses

    total $17,096,253 · program services $14,509,890 · management and general $2,586,363

  • 14 · Information technology

    total $4,856,092 · program services $3,736,823 · management and general $1,119,269

  • 16 · Occupancy

    total $12,090,194 · program services $12,020,045 · management and general $70,149

  • 17 · Travel

    total $526,729 · program services $498,018 · management and general $28,711

  • 19 · Conferences, conventions and meetings

    total $294,493 · program services $230,941 · management and general $63,552

  • 20 · Interest

    total $22,547,906 · program services $22,547,906

  • 22 · Depreciation, depletion and amortization

    total $38,892,576 · program services $27,782,252 · management and general $11,110,324

  • 23 · Insurance

    total $1,636,338 · program services $298,622 · management and general $1,337,716

  • 24a · Other expenses: Medical Supplies

    total $231,964,791 · program services $231,964,791

  • 24b · Other expenses: Bad Debt

    total $35,537,626 · program services $35,537,626

  • 24c · Other expenses: Licenses and Taxes

    total $4,658,960 · program services $4,578,717 · management and general $80,243

  • 24d · Other expenses: UBIT Tax

    total $1,604 · program services $1,604

  • 24e · All other expenses

    total $8,706,230 · program services $1,785,620 · management and general $6,920,610

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 $42,645,501 · end of year $85,408,828

  • 4 · Accounts receivable

    beginning of year $167,143,878 · end of year $179,636,414

  • 8 · Inventories for sale or use

    beginning of year $24,496,228 · end of year $25,342,681

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,815,152 · end of year $7,984,145

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

    $1,009,564,582

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

    $552,281,825

  • 10c · Land, buildings and equipment, net

    beginning of year $432,750,372 · end of year $457,282,757

  • 15 · Other assets

    beginning of year $141,208,759 · end of year $45,079,862

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,538,924 · end of year $43,704,795

  • 20 · Tax-exempt bond liabilities

    beginning of year $676,438,794 · end of year $660,536,550

  • 25 · Other liabilities

    beginning of year $119,005,193 · end of year $227,154,264

  • 27 · Net assets without donor restrictions

    beginning of year -$38,922,621 · end of year -$130,660,522

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

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

  • See Schedule ORenown Regional Medical Center is an accredited, 826-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 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 has a medical staff of 1,132 and 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 for adults and children, a Pediatric Intensive Care Unit, a Level 3 Neonatal Intensive Care Unit, ECMO, 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. 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 year ended December 31, 2023, Renown Regional, along with its parent, 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 needs assessment and community benefit plan go to: https://www.renown.org/en/about/community-commitment/community-health-needs-assessment/.

    Expenses $910,878,221 · Grants $4,858,748 · Revenue $1,149,539,482

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dawn Ahner

    Former Key Employee

    Total calculated
    $1,781,034
    From this org
    $1,781,034
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $1,781,034
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $1,781,034

  • Brian Erling

    President/CEO

    Total calculated
    $1,503,804
    From this org
    $0
    From related orgs
    $1,288,090
    Other
    $215,714
    Hours/week
    23 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,220,589 related
    Bonus
    $0
    Other
    $0 + $67,501 related
    Deferred
    $0 + $197,268 related
    Nontaxable benefits
    $0 + $18,446 related
    Filer's total
    $0 + $1,503,804 related

  • Ann Beck

    Chief Financial Officer

    Total calculated
    $933,590
    From this org
    $0
    From related orgs
    $822,915
    Other
    $110,675
    Hours/week
    32 + 28 related

    Schedule J breakdown matched by us

    Base
    $0 + $613,763 related
    Bonus
    $0 + $197,753 related
    Other
    $0 + $11,399 related
    Deferred
    $0 + $101,462 related
    Nontaxable benefits
    $0 + $9,213 related
    Filer's total
    $0 + $933,590 related

  • Josiah Johnson

    Former Officer

    Total calculated
    $786,427
    From this org
    $0
    From related orgs
    $768,059
    Other
    $18,368
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $18,377 related
    Bonus
    $0
    Other
    $0 + $749,682 related
    Deferred
    $0 + $1,030 related
    Nontaxable benefits
    $0 + $17,338 related
    Filer's total
    $0 + $786,427 related

  • Thomas Graf

    Former Officer

    Total calculated
    $604,805
    From this org
    $0
    From related orgs
    $593,777
    Other
    $11,028
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $20,157 related
    Bonus
    $0
    Other
    $0 + $573,620 related
    Deferred
    $0 + $985 related
    Nontaxable benefits
    $0 + $10,043 related
    Filer's total
    $0 + $604,805 related

  • Chris Nicholas

    CEO Renown Regional

    Total calculated
    $481,634
    From this org
    $409,614
    From related orgs
    $0
    Other
    $72,020
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $408,225
    Bonus
    $0
    Other
    $1,389
    Deferred
    $0 + $53,537 related
    Nontaxable benefits
    $0 + $18,483 related
    Filer's total
    $409,614 + $72,020 related

  • Brett Moore

    CFO Acute Care

    Total calculated
    $381,680
    From this org
    $354,395
    From related orgs
    $0
    Other
    $27,285
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $353,945
    Bonus
    $0
    Other
    $450
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $14,085 related
    Filer's total
    $354,395 + $27,285 related

  • Amy McCombs

    COO Renown Regional

    Total calculated
    $355,048
    From this org
    $321,354
    From related orgs
    $0
    Other
    $33,694
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $319,877
    Bonus
    $0
    Other
    $1,477
    Deferred
    $0 + $20,078 related
    Nontaxable benefits
    $0 + $13,616 related
    Filer's total
    $321,354 + $33,694 related

  • James Ascue

    Registered Nurse

    Total calculated
    $299,078
    From this org
    $280,177
    From related orgs
    $0
    Other
    $18,901
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $274,010
    Bonus
    $3,745
    Other
    $2,422
    Deferred
    $0 + $11,229 related
    Nontaxable benefits
    $0 + $7,672 related
    Filer's total
    $280,177 + $18,901 related

  • Marvin Glass

    Senior Medical Physicist

    Total calculated
    $251,274
    From this org
    $243,313
    From related orgs
    $0
    Other
    $7,961
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $242,125
    Bonus
    $0
    Other
    $1,188
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,961 related
    Filer's total
    $243,313 + $7,961 related

  • Adam Kramer

    Chair

    Total calculated
    $36,000
    From this org
    $0
    From related orgs
    $36,000
    Other
    $0
    Hours/week
    3 + 9 related

  • Jeff Resnik

    Director

    Total calculated
    $29,130
    From this org
    $0
    From related orgs
    $29,130
    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

  • Mark Knobel

    Director

    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

  • Thomas Deveny

    Director

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

  • Stephanie Lepori

    Director

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $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

  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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)

Part I, Line 1a
Travel for Companions: Chris Nicholas - not included in taxable compensation Tax Indemnification and Gross-up Payments: Amy McCombs, James Ascue, and Chris Nicholas - included in taxable compensation
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, Lines 4a-b
Thomas Graf and Josiah Johnson received severance payments of $573,471 and $749,539, respectively. These amounts are included in Schedule J, Part II, Column (B)(iii). Brian Erling, Ann Beck, and Chris Nicholas are parties to a supplemental nonqualified retirement plan. Contributions of $184,068 to Brian Erling, $88,989 to Ann Beck, and $40,000 to Chris Nicholas are included in Schedule J, Part II, Column (c). Dawn Ahner received a distribution of $1,781,034 from a 457(f) retirement plan. This amount is 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.

  • Renown Businesses

    C · Health Care · NV

  • Hometown Health Management Company

    C · Management Services · NV

  • Hometown Health Providers Insurance Company

    C · Insurance · NV

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443189349311604

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