St Elizabeth Medical Center Inc
61% goes to programs $26 to raise $100 Strong reserves Growing revenue
St Elizabeth Medical Center Inc is a 501(c)(3) organization based in Edgewood, Kentucky, registered in 1946, with $2,186,211,019 in FY2024 revenue. CharityIndex grades it B+, and it directs about 61% of spending to programs.
1 Medical Village Dr, Edgewood, KY, 41017 EIN 61-0445850 Since 1946
Revenue (FY2024)
$2.2B
▲ 13.7% vs prior year
Health median: $840K
Expenses (FY2024)
$2.0B
Net assets
$2.5B
Employees
10,327
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating61% to programs · $26 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 St Elizabeth Medical Center Inc: 61% to programs · $26 to raise $100 earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating15 mo reserves · +9% 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 St Elizabeth Medical Center Inc: 15 mo reserves · +9% margin earns a A 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 St Elizabeth Medical Center Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 St Elizabeth Medical Center Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
As a catholic healthcare ministry, we provide comprehensive and compassionate care that improves the health of the people we serve.
Contact & location
- Address
- 1 Medical Village Dr, Edgewood, KY, 41017
- City
- Edgewood
- State
- Kentucky
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $984.4M (FY2013) to $2.2B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $840.5MNet assets $2.5B
Operating margin
8.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.4B
Total liabilities
$840.5M
Net assets
$2.5B
Salaries & benefits
$814.4M
41% of expenses
Board members
16
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,186,211,019▲13.7% | $1,993,136,014▲10.2% | $2,524,849,989▲9.2% | $3,365,327,819▲5.9% | 990 |
| 2023 | $1,922,662,621▲8.7% | $1,809,081,056▲7.7% | $2,312,754,704▲15.5% | $3,176,981,553▲11.1% | 990 |
| 2022 | $1,768,641,880▼2.6% | $1,679,838,036▲8.4% | $2,002,208,561▼4.9% | $2,859,763,977▼6.5% | 990 |
| 2021 | $1,815,824,973▲26.4% | $1,550,146,710▲22.9% | $2,105,065,200▲19.9% | $3,058,964,415▲18.8% | 990 |
| 2020 | $1,436,767,656▲11.1% | $1,261,471,982▲8.4% | $1,755,927,396▲15.9% | $2,573,879,630▲19.0% | 990 |
| 2019 | $1,293,574,829▲5.6% | $1,163,539,599▲2.4% | $1,515,560,998▲13.6% | $2,162,310,495▲17.7% | 990 |
| 2018 | $1,224,784,561▲3.1% | $1,136,010,966▲5.4% | $1,334,315,848▲2.4% | $1,837,486,904▲3.9% | 990 |
| 2017 | $1,187,974,194▲10.6% | $1,077,760,401▲8.3% | $1,303,279,205▲27.9% | $1,768,297,483▲10.6% | 990 |
| 2016 | $1,073,646,267▲6.2% | $995,540,157▲7.7% | $1,018,596,406▲12.8% | $1,598,486,877▲8.8% | 990 |
| 2015 | $1,010,815,557▲2.7% | $924,050,789▲5.1% | $902,956,458▲6.6% | $1,469,096,050▲8.4% | 990 |
| 2014 | $984,185,425 | $879,128,261▲2.3% | $847,236,097▲4.0% | $1,354,790,705▲8.8% | 990 |
| 2013 | $984,372,638 | $859,513,136▲3.1% | $814,363,547▲44.0% | $1,245,042,638▲17.5% | 990 |
| 2012 | — | $834,052,761▲1.1% | $565,601,400▲32.6% | $1,059,898,773▲13.2% | 990 |
| 2011 | — | $824,760,403▲8.5% | $426,572,038▲2.4% | $936,028,962▲6.9% | 990 |
| 2010 | — | $760,159,102 | $416,678,610 | $875,944,968 | 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 (FY2024)
Highest-paid: Garren Colvin — $1,657,850 (0.08% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Garren Colvin | President/ceo | 50 | $1,657,850 |
| Mario Castillo-sang Md | Physician | 50 | $1,311,962 |
| Stephen Schutzman Md | Physician | 50 | $1,111,290 |
| Mark Jordan | Physician | 50 | $1,074,480 |
| Saeb Khoury Md | Physician | 50 | $1,068,633 |
| Saadeddine Dughman Md | Physician | 50 | $1,057,366 |
| Lori Ritchey-baldwin | Executive Vp/cfo/treasurer | 50 | $826,289 |
| Heidi Murley Md | Sep President/ceo | 25 | $805,218 |
| Lisa Frey | Executive Vp Legal Services/general Counsel/corporate Secretary | 50 | $704,957 |
| Sarah Giolando | Svp/chief Strategy Officer Thru 11/21/2024 | 50 | $634,241 |
| Julie Mcgregor | Senior Vp Human Resources | 50 | $628,277 |
| Jacob Bast | Sep Senior Vp/coo | 15 | $594,321 |
| Laroy Kendall Md | Senior Vp Chief Medical Officer | 50 | $574,256 |
| Vera Hall | Executive Vice President & Coo | 50 | $547,148 |
| James Horn Md | Executive Vp & Chief Clinical Officer | 50 | $534,114 |
| Gene Barber | Senior Vp Facilities | 50 | $469,593 |
| Latonya Brown-puryear Md | Vp Chief Quality Officer | 50 | $406,134 |
| Bruce Henley | Sep Cfo/treasurer | 15 | $368,866 |
| Kevin Gessner | Svp Site Administrator Ftt Cov & Hvi | 50 | $309,005 |
| Kathy Jennings | Svp Patient Care/oncology | 50 | $304,600 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Qualivis LLC | Staffing Agency | $31,289,818 |
| Messer Construction Co | Construction Services | $18,857,205 |
| Seven Hills Anesthesia LLC | Medical Services | $17,243,783 |
| Skanska USA Building Inc | Construction Services | $7,944,569 |
| Compass Emergency Physicians Psc | Medical Services | $7,531,177 |
Grants received · $5.2M total
71 grants to St Elizabeth Medical Center Inc totaling $5.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Heart Association Inc | Atherosclerotic cv disease lipid mgt. | 2024 | $50,000 |
| Mayo Clinic | Support charitable programs | 2024 | $45,172 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $25,672 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $25,672 |
| Johnson Charitable Gift Fund | Various programs/gen | 2024 | $17,489 |
| American Heart Association Inc | Outpatient quality registry project | 2024 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $510,800 |
| American Heart Association Inc | Atherosclerotic disease management | 2023 | $250,000 |
| Donor Advised Charitable Giving | Health | 2023 | $46,000 |
| Greater Cincinnati Foundation | Programatic support | 2023 | $21,773 |
| Johnson Charitable Gift Fund | Cancer center/gen | 2023 | $20,829 |
| Charities Aid Foundation America | Charitable donation | 2023 | $15,750 |
| American Cancer Society Inc | Patient support | 2023 | $13,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $496,900 |
| Winston-salem Foundation | 1 grant(s) for varying purposes | 2022 | $100,000 |
Grants made · $9.1M in FY2024
97 grants totaling $9.1M in FY2024 — showing the 15 largest. All grants made by St Elizabeth Medical Center Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Northern Kentucky University | Program support | $1,248,998 |
| Life Learning Center Inc | Program support | $1,196,667 |
| Thomas More University Inc | Program support | $1,038,141 |
| Kentucky Council On Postsecondary Education | Program support | $1,000,000 |
| Roman Catholic Diocese of Covington | Program support | $732,825 |
| Gateway Community and Technical College Foundation Inc | Program support | $353,390 |
| Blue North Ky Inc | Program support | $250,000 |
| One Nky Alliance Inc | Program support | $250,000 |
| American Heart Association Inc | Program support | $225,000 |
| Volunteers of America Inc | Program support | $200,000 |
| Tri-county Economic Development Charitable Corporation | Program support | $200,000 |
| University of Cincinnati | Program support | $130,942 |
| Fort Thomas Education Foundation Inc | Program support | $126,500 |
| Emergency Shelter of Northern Kentucky Inc | Program support | $120,000 |
| Northern Kentucky Area Developement District | Program support | $115,728 |
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Compare St Elizabeth Medical Center Inc
Frequently asked questions
- Is St Elizabeth Medical Center Inc a legitimate nonprofit?
- Yes. St Elizabeth Medical Center Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 61-0445850, based in Edgewood, Kentucky. Donations are tax-deductible.
- What is St Elizabeth Medical Center Inc's EIN?
- St Elizabeth Medical Center Inc's Employer Identification Number (EIN) is 61-0445850.
- How much revenue does St Elizabeth Medical Center Inc report?
- St Elizabeth Medical Center Inc reported $2,186,211,019 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of St Elizabeth Medical Center Inc's spending goes to programs?
- St Elizabeth Medical Center Inc spends about 61% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does St Elizabeth Medical Center Inc have?
- CharityIndex grades St Elizabeth Medical Center Inc B+, based on program efficiency and fundraising cost.
- How much does St Elizabeth Medical Center Inc's highest-paid employee make?
- The highest reported compensation on St Elizabeth Medical Center Inc's latest Form 990 is $1,657,850, paid to Garren Colvin (President/ceo).
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Data for St Elizabeth Medical Center Inc (EIN 61-0445850) 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.