Vanderbilt University Medical Center
85% goes to programs $3 to raise $100 Growing revenue
Vanderbilt University Medical Center is a 501(c)(3) organization based in Nashville, Tennessee, registered in 2015, with $7,706,035,528 in FY2023 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
1161 21st Ave S D3300, Nashville, TN, 37232 EIN 35-2528741 Since 2015
Revenue (FY2023)
$7.7B
▲ 11.3% vs prior year
Health median: $840K
Expenses (FY2023)
$7.4B
Net assets
$2.5B
Employees
36,145
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% to programs · $3 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 Vanderbilt University Medical Center: 85% to programs · $3 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · +4% 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 Vanderbilt University Medical Center: 4 mo reserves · +4% 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 Vanderbilt University Medical Center: 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 Vanderbilt University Medical Center: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
See schedule o, form 990, part iii, line 1
What they do
Academic and scientific research - see schedule o form 990, part iii, line 4b
4d. other program services - other program services include public health service, academic support, institutional support, and other auxiliary services. vanderbilt university medical center engages in a variety of public service projects, including, but not limited to formulating new approaches to increase health, safety, quality and outcomes, while decreasing total costs; and many other sponsored community health and educational programs. to read more about vumc's role in the community, visit https://www.vanderbilthealth.com/main/38766
Contact & location
- Address
- 1161 21st Ave S D3300, Nashville, TN, 37232
- City
- Nashville
- State
- Tennessee
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $629.8M (FY2015) to $7.7B (FY2023) across 9 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $4.1BNet assets $2.5B
Operating margin
3.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$6.6B
Total liabilities
$4.1B
Net assets
$2.5B
Salaries & benefits
$4.0B
53% of expenses
Board members
11
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $7,706,035,528▲11.3% | $7,435,766,434▲9.1% | $2,461,736,278▲16.5% | $6,568,033,122▲11.5% | 990 |
| 2022 | $6,921,172,886▲7.9% | $6,812,818,433▲9.9% | $2,113,554,671▲10.1% | $5,892,952,923▲6.6% | 990 |
| 2021 | $6,413,300,115▲15.0% | $6,199,085,905▲15.6% | $1,920,268,447▲11.0% | $5,527,589,693▲1.5% | 990 |
| 2020 | $5,574,580,198▲13.1% | $5,363,708,776▲13.0% | $1,730,380,141▲23.4% | $5,443,308,715▲3.8% | 990 |
| 2019 | $4,930,268,591▲8.5% | $4,747,491,245▲9.8% | $1,401,985,372▲15.5% | $5,245,976,412▲52.2% | 990 |
| 2018 | $4,545,631,286▲9.9% | $4,323,710,322▲6.8% | $1,214,181,802▲30.9% | $3,446,397,770▲8.0% | 990 |
| 2017 | $4,137,532,642▲5.1% | $4,046,629,245▲8.3% | $927,629,601▲15.8% | $3,192,191,146▲14.0% | 990 |
| 2016 | $3,938,189,468▲525% | $3,736,027,030▲531% | $800,901,923▲47.4% | $2,801,330,205▲11.2% | 990 |
| 2015 | $629,848,993 | $591,892,698 | $543,176,837 | $2,518,986,311 | 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: Jeffrey R Balser Md Phd — $7,614,754 (0.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jeffrey R Balser Md Phd | President and Ceo | 50 | $7,614,754 |
| C Wright Pinson Md Mba | Deputy Ceo & Chief Health System Officer | 49.1 | $3,843,576 |
| Cecelia B Moore Mha CPA Chfp | Cfo and Treasurer | 50 | $2,676,760 |
| John F Manning Jr Phd Mba | Coo and Corporate Chief of Staff | 50 | $2,281,128 |
| Shon Dwyer Mba Rn | President, Vanderbilt Adult Hospital (role Ended 6/30/23) | 50 | $2,115,760 |
| Byron Stephens II Md Msci | Associate Professor, Department of Orthopaedic Surgery | 50 | $1,901,976 |
| Rick Wright Md | Cmo and Sr Vp For Clinical Affairs (beginning 7/1/23) | 49 | $1,761,975 |
| Amir Abtahi Md | Assistant Professor, Department of Orthopaedic Surgery | 50 | $1,646,337 |
| Michael J Regier Jd | General Counsel and Secretary | 50 | $1,623,578 |
| Seth J Karp Md | Professor of Surgery, Biomedical Ethics & Society, and Anesthesiology | 50 | $1,603,707 |
| Ashish S Shah Md Facs | Professor, Cardiac | 50 | $1,512,748 |
| Paul Sternberg Jr Md | Cmo & Vp Clinical Affairs | 50 | $1,469,781 |
| Margaret G Rush Md Mmhc | Pres & Exec Med Dir, Mcjch | 48.9 | $1,388,378 |
| Jennifer A Pietenpol Phd | Chief Scientific and Strategy Officer | 50 | $1,285,365 |
| Zeena M Abdulahad Mpa | Evp and Chief Development Officer | 50 | $1,280,713 |
| David R Posch | Evp For Population Health | 49.1 | $1,275,224 |
| David S Raiford Md | Chief of Clinical Staff (role Ended June 30, 2023) | 50 | $1,264,678 |
| Amy Schoeny Phd | Chief Hr Officer | 50 | $1,178,483 |
| Donald Brady Md | Exec Vice Dean - Aca Affairs & Exec Vp - Ed Affairs (beginning 1/1/23) | 50 | $858,445 |
| Thomas S Nantais Mba | Evp Adult Ambulatory (role Ended May 1, 2023) | 50 | $808,361 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Vanderbilt University | Various Services | $186,893,638 |
| Cross Country Staffing Inc | Temporary Labor Services | $49,758,689 |
| The Robins & Morton Group | General Contractor Services | $35,335,332 |
| Trimedx Inc | Medical Equipment Servicing | $25,938,069 |
| Bottomline Technologies Inc | Information Technology | $20,921,836 |
Grants received · $406.5M total
726 grants to Vanderbilt University Medical Center totaling $406.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Heart Association Inc | Research | 2024 | $2,041,491 |
| Christian Community Foundation of Memphis and the Mid-south Inc | Philanthropy | 2024 | $1,000,200 |
| American Cancer Society Inc | Support/research | 2024 | $884,500 |
| Silicon Valley Community Foundation | Health | 2024 | $800,000 |
| Alzheimers Disease and Related Disorders Association Inc | Program support | 2024 | $588,469 |
| Breakthrough T1d | T1d research | 2024 | $550,473 |
| Cystic Fibrosis Foundation | Cf care center | 2024 | $415,748 |
| American Lung Association | Research | 2024 | $350,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $315,000 |
| Brightfocus Foundation | Alzheimer's disease research by monica santisteban, phd entitled: a2025011s | 2024 | $300,000 |
| La Jolla Institute For Immunology | Subrecipient award | 2024 | $251,512 |
| Kaiser Foundation Hospitals | Research / project support | 2024 | $241,535 |
| American Endowment Foundation | Educational | 2024 | $232,750 |
| Crohns & Colitis Foundation Inc | Research | 2024 | $212,166 |
| University of Miami | Research | 2024 | $212,155 |
Grants made · $112.3M in FY2023
234 grants totaling $112.3M in FY2023 — showing the 15 largest. All grants made by Vanderbilt University Medical Center →
| Recipient | Purpose | Amount |
|---|---|---|
| Vanderbilt University | Research | $16,888,016 |
| Broad Institute Inc | Research | $12,024,402 |
| Beth Israel Deaconess Medical Center Inc | Research | $3,303,042 |
| Washington University | Research | $3,249,995 |
| Meharry Medical College | General | $2,968,566 |
| The Board of Trustees of the Leland Stanford Junior University | Research | $2,959,699 |
| Johns Hopkins University | Research | $2,933,476 |
| University of Miami | General | $2,926,563 |
| Trustees of Columbia University | Research | $2,620,003 |
| Wake Forest University Health Sciences | Research | $2,294,899 |
| Regents of the University of Michigan | Research | $2,239,845 |
| University of Southern California | General | $2,105,337 |
| University of Washington Student Fiscal Services | Research | $2,062,057 |
| Yale University | Research | $1,733,038 |
| Regents of the University of Colorado | General | $1,719,356 |
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Frequently asked questions
- Is Vanderbilt University Medical Center a legitimate nonprofit?
- Yes. Vanderbilt University Medical Center is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-2528741, based in Nashville, Tennessee. Donations are tax-deductible.
- What is Vanderbilt University Medical Center's EIN?
- Vanderbilt University Medical Center's Employer Identification Number (EIN) is 35-2528741.
- How much revenue does Vanderbilt University Medical Center report?
- Vanderbilt University Medical Center reported $7,706,035,528 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Vanderbilt University Medical Center's spending goes to programs?
- Vanderbilt University Medical Center spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Vanderbilt University Medical Center have?
- CharityIndex grades Vanderbilt University Medical Center A, based on program efficiency and fundraising cost.
- How much does Vanderbilt University Medical Center's highest-paid employee make?
- The highest reported compensation on Vanderbilt University Medical Center's latest Form 990 is $7,614,754, paid to Jeffrey R Balser Md Phd (President and Ceo).
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Explore more
Data for Vanderbilt University Medical Center (EIN 35-2528741) 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.