Bon Secours Richmond Health System
91% goes to programs $0 to raise $100 Thin reserves Growing revenue
Bon Secours Richmond Health System is a 501(c)(3) organization based in Cincinnati, Ohio, registered in 2017, with $2,045,591,727 in FY2023 revenue. CharityIndex grades it B, and it directs about 91% of spending to programs.
1701 Mercy Health Pl, Cincinnati, OH, 45237 EIN 52-1988421 Since 2017
Revenue (FY2023)
$2.0B
▲ 8.2% vs prior year
Health median: $840K
Expenses (FY2023)
$1.8B
Net assets
$0
Employees
6,852
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →AProgram efficiency40% of the rating91% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Bon Secours Richmond Health System: 91% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bon Secours Richmond Health System: 0 mo reserves · +11% margin earns a C on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Bon Secours Richmond Health System: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bon Secours Richmond Health System: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Bon secours-richmond health system extends the healing ministry of jesus by improving the health and well-being of our communities and bring good help to those in need, especially people who are poor, dying and underserved. bon secours-richmond health system demonstrates behaviors reflecting our core values of human dignity, integrity, compassion, stewardship, and service.
What they do
The five hospitals included on this return extend the healing ministry of jesus by improving the health and well-being of our communities and bringing good help to those in neeed, especially people who are poor, dying and underserved. this is accomplished by demonstrating behaviors reflecting our core values of human dignity, integrity, compassion, stewardship, and service. total community benefit provided in 2023 was $64,779,681.
Contact & location
- Address
- 1701 Mercy Health Pl, Cincinnati, OH, 45237
- City
- Cincinnati
- State
- Ohio
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $22.5M (FY2013) to $2.0B (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Operating margin
11.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$0
Total liabilities
$0
Net assets
$0
Salaries & benefits
$584.0M
32% of expenses
Board members
14
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,045,591,727▲8.2% | $1,813,035,806▲6.4% | $0▼100% | $0▼100% | 990 |
| 2022 | $1,889,841,622▼1.7% | $1,703,859,246▲5.5% | $2,215,460,821▲4.6% | $2,650,091,746▼1.7% | 990 |
| 2021 | $1,921,616,534▲17.1% | $1,614,896,795▲17.7% | $2,117,912,713▲21.8% | $2,696,702,645▲4.4% | 990 |
| 2020 | $1,640,556,189▲6296% | $1,371,952,066▲3994% | $1,739,400,712▲11664% | $2,583,959,912▲12775% | 990 |
| 2018 | $25,648,956▲4.0% | $33,509,270▲7.8% | -$15,041,877▼109% | $20,070,013▼8.7% | 990 |
| 2017 | $24,655,769▲7.6% | $31,084,543▲7.9% | -$7,181,563▼1987% | $21,988,114▲1.0% | 990 |
| 2016 | $22,909,372▲3.1% | $28,797,191▼23.8% | $380,544▼93.9% | $21,769,562▲0.1% | 990 |
| 2015 | $22,225,733▼48.5% | $37,790,331▲64.1% | $6,276,070▼71.3% | $21,737,551▼38.4% | 990 |
| 2014 | $43,121,587▲91.8% | $23,027,051▲20.2% | $21,840,668▲149% | $35,301,223▲104% | 990 |
| 2013 | $22,483,289 | $19,149,662▲22.5% | $8,784,103▲61.2% | $17,284,316▲95.3% | 990 |
| 2012 | — | $15,627,064▼3.6% | $5,450,476▲59.4% | $8,849,497▲67.2% | 990 |
| 2011 | — | $16,218,199▲6.9% | $3,419,490▲152% | $5,292,742▲62.0% | 990 |
| 2010 | — | $15,176,401 | $1,356,948 | $3,267,644 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Joseph Wilkins — $718,422 (0.04% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Joseph Wilkins | Hospital President - Sfmc | 50 | $718,422 |
| Christopher Accashian | Chief Operating Officer - Richmond | 50 | $654,760 |
| Bryan Lee | Hospital President - Smh | 50 | $631,942 |
| Denise Dietz | Cardiologist | 50 | $614,129 |
| Peter Charvat | Chief Clinical Officer - Richmond | 50 | $607,941 |
| Donald Emery | Hospital President - Mrmc and Rgh | 50 | $456,108 |
| Leanne Yanni Md | Chief Medical Officer of Ambulatory Care - Richmond | 49.5 | $446,141 |
| Ryan Stuhlreyer | Vp Service Line Strategy - Richmond | 49 | $229,705 |
| Birdie Jamison | Board Member | 2 | — |
| Brenda Woodcock | Chief Nursing Officer - Richmond (end 10/23) | 49.5 | — |
| Brian Yanofchick | Chief Sponsorship Officer | 2.5 | — |
| Chandrashekar Challa | Board Member | 2 | — |
| Chris Hairston-white | Board Member | 2 | — |
| Elizabeth Crowther | Chairman | 2 | — |
| Jill Kennedy | Former Chief Nursing Executive - Richmond | 0 | — |
| Lang Liebman Md | Vice Chair | 2 | — |
| Linda Rigsby Esq | Board Member | 2 | — |
| Makola Abdullah Phd | Board Member | 2 | — |
| Mark Townsend | Former Chief Clinical Officer - Richmond | 0 | — |
| Michael Lutes | President/ceo - Richmond | 48.5 | — |
Top vendors & contractors (FY2018)
| Contractor | Services | Paid |
|---|---|---|
| Blacktree Healthcare Consulting | Consulting | $1,233,919 |
| Simione Healthcare Consultants | Consulting | $415,941 |
| Dispatch Health | Contract Labor | $400,000 |
| Shiftwise Us Bank Corporate Trust | Contract Labor | $310,559 |
| Pps Plus Software | Coding Review | $282,336 |
Grants received · $13.2M total
6 grants to Bon Secours Richmond Health System totaling $13.2M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Giveclear Foundation | Program support | 2024 | $10,000 |
| Bon Secours Mercy Health Foundation | Program support | 2023 | $5,787,339 |
| Bon Secours Mercy Health Foundation | Program support | 2022 | $2,275,527 |
| American Cancer Society Inc | Patient support | 2022 | $7,500 |
| Bon Secours Mercy Health Foundation | Capital and program support | 2021 | $4,947,757 |
| Bon Secours Mercy Health Foundation | Program support | 2020 | $181,218 |
Grants made · $4.7M in FY2023
78 grants totaling $4.7M in FY2023 — showing the 15 largest. All grants made by Bon Secours Richmond Health System →
| Recipient | Purpose | Amount |
|---|---|---|
| Retail Advancement Fund | Mission support | $207,000 |
| Cristo Rey Richmond High School Inc | Mission support | $184,545 |
| Bon Secours Mercy Health Foundation | Mission support | $182,674 |
| Commonwealth Catholic Charities | Mission support | $175,000 |
| City of Richmond | Mission support | $165,000 |
| Elderhomes Corp | Mission support | $155,000 |
| Cross-over Ministry Inc | Mission support | $125,000 |
| Young Mens Christian Association of Greater Richmond | Mission support | $125,000 |
| Sacred Heart Center Inc | Mission support | $100,000 |
| The Maggie@walker Community Land Trust | Mission support | $100,000 |
| Area Congregations Together In Service | Mission support | $100,000 |
| The Capital Area Agency On Aging | Mission support | $100,000 |
| Shalom Farms | Mission support | $100,000 |
| Childsavers-memorial Child Guidance Clinic | Mission support | $100,000 |
| Greater Richmond Scan -stop Child Abuse Now-inc | Mission support | $95,000 |
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Frequently asked questions
- Is Bon Secours Richmond Health System a legitimate nonprofit?
- Yes. Bon Secours Richmond Health System is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-1988421, based in Cincinnati, Ohio. Donations are tax-deductible.
- What is Bon Secours Richmond Health System's EIN?
- Bon Secours Richmond Health System's Employer Identification Number (EIN) is 52-1988421.
- How much revenue does Bon Secours Richmond Health System report?
- Bon Secours Richmond Health System reported $2,045,591,727 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Bon Secours Richmond Health System's spending goes to programs?
- Bon Secours Richmond Health System spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Bon Secours Richmond Health System have?
- CharityIndex grades Bon Secours Richmond Health System B, based on program efficiency and fundraising cost.
- How much does Bon Secours Richmond Health System's highest-paid employee make?
- The highest reported compensation on Bon Secours Richmond Health System's latest Form 990 is $718,422, paid to Joseph Wilkins (Hospital President - Sfmc).
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Data for Bon Secours Richmond Health System (EIN 52-1988421) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.