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Nonprofit · EIN 61-0445850

ST ELIZABETH MEDICAL CENTER INC

Tax-exempt · EDGEWOOD, KY 41017

Financials

$1.9B$1.8B2023$2.2B$2B2024
Revenue Expenses · by fiscal year end
Financials of ST ELIZABETH MEDICAL CENTER INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,186,211,019$1,993,136,014$193,075,005$3,365,327,819$840,477,830$2,524,849,989
December 31, 2023990$1,922,662,621$1,809,081,056$113,581,565$3,176,981,553$864,226,849$2,312,754,704
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$11,643,756
of which government grants
$5,757,035
Program service revenue
$2,063,988,859
Investment income
$103,782,818
Net rental income
-$75,363
Net gain from sales of assets
$49,060,135
Net income from fundraising events
$48,604
Tax-exempt bond proceeds
$513
Other revenue
$6,795,586

Expenses

Grants and similar amounts paid
$9,328,231
Compensation of officers, directors and key employees
$10,695,108
Other salaries and wages
$633,059,585
Salaries, compensation and benefits (total)
$814,357,057
Professional fundraising fees
$60,000
Legal fees
$653,696
Accounting fees
$455,325
Occupancy
$26,442,066
Travel
$2,106,537
Depreciation
$94,813,338
Program services (functional)
$1,216,367,135
Management and general (functional)
$773,695,399
Fundraising (functional)
$3,073,480

Balance sheet and other

Total assets, start of year
$3,176,981,553
Total assets, end of year
$3,365,327,819
Total liabilities, end of year
$840,477,830
Net assets, end of year
$2,524,849,989
Land, buildings and equipment
$777,003,308
Publicly traded securities
$620,606,349
Net assets without donor restrictions
$2,484,673,962
Net assets with donor restrictions
$40,176,027
Gross unrelated business income
$645,159
Gross receipts
$2,587,039,444
Employees
10,327
Volunteers
1,169
Year formed
1861
State of legal domicile
KY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Garren ColvinPRESIDENT/CEO
Trustee or director, Officer
50$1,657,850$52,122
Mario Castillo-Sang MDPHYSICIAN
Highest-paid employee
50$1,311,962$25,013
Stephen Schutzman MDPHYSICIAN
Highest-paid employee
50$1,111,290$60,546
Mark JordanPHYSICIAN
Highest-paid employee
50$1,074,480$60,199
Saeb Khoury MDPHYSICIAN
Highest-paid employee
50$1,068,633$59,049
Saadeddine Dughman MDPHYSICIAN
Highest-paid employee
50$1,057,366$23,088
Lori Ritchey-BaldwinEXECUTIVE VP/CFO/TREASURER
Officer
50$826,289$52,290
Heidi Murley MDSEP PRESIDENT/CEO
Key employee
25$805,218$62,765
Lisa FreyEXECUTIVE VP LEGAL SERVICES/GENERAL COUNSEL/CORPORATE SECRETARY
Officer
50$704,957$36,705
Sarah GiolandoSVP/CHIEF STRATEGY OFFICER THRU 11/21/2024
Key employee
50$634,241$56,838
Julie McGregorSENIOR VP HUMAN RESOURCES
Key employee
50$628,277$59,406
Jacob BastSEP SENIOR VP/COO
Key employee
15$594,321$57,710
LaRoy Kendall MDSENIOR VP CHIEF MEDICAL OFFICER
Key employee
50$574,256$43,281
James Horn MDEXECUTIVE VP & CHIEF CLINICAL OFFICER
Key employee
50$534,114$57,100
Vera HallEXECUTIVE VICE PRESIDENT & COO
Officer
50$547,148$23,998
22 more people on this return
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Latonya Brown-Puryear MDVP CHIEF QUALITY OFFICER
Key employee
50$406,134$84,401$49,005
Donald Price MDTRUSTEE
Trustee or director
4$0$459,367$59,546
Gene BarberSENIOR VP FACILITIES
Key employee
50$469,593$0$15,647
Bruce HenleySEP CFO/TREASURER
Key employee
15$368,866$0$50,803
Kevin GessnerSVP SITE ADMINISTRATOR FTT COV & HVI
Key employee
50$309,005$0$48,113
Kathy JenningsSVP PATIENT CARE/ONCOLOGY
Key employee
50$304,600$0$43,836
Bruno GiacomuzziCOO FLO FT COV & SVP PROF SVCS
Key employee
50$280,502$0$35,365
Harry WatsonSENIOR VP FACILITIES
Key employee
50$253,822$0$21,242
Kristi NelsonTRUSTEE/CHAIR-ELECT
Trustee or director
4$27,796$0$0
Debbie SimpsonTRUSTEE
Trustee or director
4$3,000$0$0
Joe KoesterTRUSTEE
Trustee or director
4$734$0$0
Jackie Sweeney MDTRUSTEE
Trustee or director
4$648$0$0
AJ SchaefferTRUSTEE
Trustee or director
4$0$0$0
Bob StevensTRUSTEE/CHAIR
Trustee or director
4$0$0$0
Jason JackmanTRUSTEE
Trustee or director
4$0$0$0
Jeanne SchroerTRUSTEE
Trustee or director
4$0$0$0
John HawkinsTRUSTEE
Trustee or director
4$0$0$0
Kris KnochelmannTRUSTEE
Trustee or director
4$0$0$0
Marsha LadenburgerTRUSTEE
Trustee or director
4$0$0$0
Michael Jones MDTRUSTEE
Trustee or director
4$0$0$0
Robert MoorheadTRUSTEE
Trustee or director
4$0$0$0
Sylvia BuxtonTRUSTEE
Trustee or director
4$0$0$0
990 for the year ended December 31, 2023: 41 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Garren ColvinPRESIDENT/CEO
Trustee or director, Officer
50$1,378,100$0$49,046
Mario Castillo-Sang MDPHYSICIAN
Highest-paid employee
50$1,203,639$0$23,695
Stephen Schutzman MDPHYSICIAN
Highest-paid employee
50$1,160,795$0$57,624
Thomas Carrigan MDPHYSICIAN
Highest-paid employee
50$1,135,612$0$45,578
Saeb Khoury MDPHYSICIAN
Highest-paid employee
50$1,112,758$0$56,760
Mohamad Sinno MDPHYSICIAN
Highest-paid employee
50$1,071,321$0$57,360
Lori Ritchey-BaldwinExecutive Vice President/CFO/Treasurer
Officer
50$849,058$0$49,646
Gary BlankEXECUTIVE VP & COO
Officer
50$791,131$0$49,646
Heidi Murley MDSEP PRESIDENT/CEO
Key employee
25$701,763$0$60,858
Lisa FreyEXECUTIVE VP LEGAL SERVICES/GENERAL COUNSEL/CORPORATE SECRETARY
Officer
50$632,591$0$34,822
Curtis Dorsch MDTRUSTEE/PHYSICIAN/SEP CHAIR
Trustee or director
4$0$562,363$54,714
Jacob BastSEP COO/SECRETARY15$559,592$0$52,759
Sarah GiolandoSVP/CHIEF STRATEGY OFFICER
Key employee
50$545,056$0$54,371
Julie McGregorSVP HUMAN RESOURCES
Key employee
50$525,474$0$56,257
LaRoy Kendall MDSVP MEDICAL SERVICES, CMO
Key employee
50$535,469$0$43,974
James Horn MDEXECUTIVE VP
Key employee
50$520,686$0$54,398
Bruno GiacomuzziCOO Flo FT Cov & SVP Prof Svcs
Key employee
50$501,348$0$56,748
Latonya Brown-Puryear MDPHYSICIAN/TRUSTEE
Trustee or director
4$0$441,929$56,823
Bruce HenleySEP CFO/TREASURER15$387,763$0$47,895
Vera HallEXECUTIVE VP
Key employee
50$401,437$0$21,836
Kevin GessnerSVP SITE AMDINISTRATOR FTT COV & HVI
Key employee
50$391,934$0$28,849
Harry WatsonSr. VP Facilities
Key employee
50$375,344$0$22,892
Kathy Lynn JenningsSVP PATIENT CARE/ONCOLOGY
Key employee
50$310,338$0$42,405
Christopher G CarleFORMER PRESIDENT/CEO SEPN, COO - DEARBORN
Former
0$161,097$0$18,300
James ParsonsFORMER SVP HUMAN RESOURCES
Former
0$120,977$0$0
Brian RobinsonVICE CHAIRMAN
Trustee or director
4$31,290$0$0
Kristi NelsonTRUSTEE
Trustee or director
4$29,162$0$0
Roger PetermanTRUSTEE
Trustee or director
4$23,425$0$0
Marsha CroxtonTRUSTEE
Trustee or director
4$4,659$0$0
Joe KoesterTRUSTEE
Trustee or director
4$2,494$0$0
Debbie SimpsonCHAIR OF BOARD
Trustee or director
4$2,336$0$0
Michael JonesTRUSTEE
Trustee or director
4$2,222$0$0
Kris KnochelmannTRUSTEE
Trustee or director
4$2,173$0$0
Jeanne SchroerTRUSTEE
Trustee or director
4$1,970$0$0
Robert MoorheadTRUSTEE
Trustee or director
4$1,952$0$0
AJ SchaefferTRUSTEE
Trustee or director
4$0$0$0
Bob StevensTRUSTEE
Trustee or director
4$0$0$0
Jackie SweeneyTRUSTEE
Trustee or director
4$0$0$0
Jason JackmanTRUSTEE
Trustee or director
4$0$0$0
John HawkinsTRUSTEE
Trustee or director
4$0$0$0
Marsha LadenburgerTRUSTEE
Trustee or director
4$0$0$0

Address and contacts

Address (IRS master file)
1 MEDICAL VILLAGE DR, EDGEWOOD, KY 41017-3403
In care of
% ATTN PAYROLL DEPT
Principal officer (990 for 2024)
Garren Colvin, 1 Medical Village Drive, Edgewood, KY 41017
Signed the 990
Lori Ritchey-Baldwin, CFO
Phone
(859) 655-1642
Return prepared by
CROWE LLP

Mission

AS A CATHOLIC HEALTHCARE MINISTRY, WE PROVIDE COMPREHENSIVE AND COMPASSIONATE CARE THAT IMPROVES THE HEALTH OF THE PEOPLE WE SERVE.

990 for the year ended December 31, 2024

Program accomplishments

  • St. Elizabeth Healthcare is one of the oldest, largest, and most respected medical providers in the Northern Kentucky, Southwestern Ohio and Southeastern Indiana areas. For more than 150 years, St. Elizabeth has been the heart and soul of healthcare in Northern Kentucky. Founded with one small hospital in 1861, St. Elizabeth Healthcare now operates six facilities throughout Northern Kentucky and Southeast Indiana: St. Elizabeth Covington, St. Elizabeth Edgewood, St. Elizabeth Florence, St. Elizabeth Ft. Thomas, St. Elizabeth Grant, and St. Elizabeth Dearborn. St. Elizabeth Healthcare is sponsored by the Diocese of Covington and provided approximately $49 million in uncompensated care and benefit to the community in 2024. Within our thriving, multi-faceted organization, some of the nation's top medical professionals are working together to deliver the best care available to these areas. Our mission is to provide comprehensive and compassionate care that improves the health of the people we serve. We accomplish this through state-of-the-art technology and our dedicated associates, led by a well-respected board and executive leadership team who love this organization and our community. St. Elizabeth Healthcare's state of the art technology includes a secure internal electronic medical records system that not only gives providers access to their patients' medical records at any St. Elizabeth Healthcare or St. Elizabeth Physicians facility, but also gives the patient faster, more convenient access to their personal medical records, test results, and healthcare providers through a web portal called "MyChart." St. Elizabeth Healthcare has invested in our community for generations. St. Elizabeth Healthcare believes that reaching out to help the underprivileged and improving the overall health of the community is the foundation of its mission to provide comprehensive and compassionate care to our neighborhood and our families. It is because of this belief that the St. Elizabeth Healthcare community benefit program helps others have access to St. Elizabeth Healthcare resources and services. It is St. Elizabeth Healthcare's intention to always balance financial viability with compassionate care and to stay true to its non-profit roots. During 2024, St. Elizabeth Healthcare had total admissions of 107,694, total patient days of 215,222, and total emergency room visits of 211,097.
    Expenses $1,216,367,135 · grants $9,328,231 · revenue $2,063,621,578

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
61-0445850
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Exempt since
1946
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E220)
Assets (IRS master file)
$3,365,327,819
Income (IRS master file)
$2,587,039,444

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,186,211,019$1,993,136,014$3,365,327,819XML
990-TDecember 2024–––IRS
990December 2023$1,922,662,621$1,809,081,056$3,176,981,553XML
990-TDecember 2023–––IRS
990December 2022$1,768,641,880$1,679,838,036$2,859,763,977IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-0445850).

Questions about ST ELIZABETH MEDICAL CENTER INC

What is the EIN of ST ELIZABETH MEDICAL CENTER INC?
The employer identification number (EIN) of ST ELIZABETH MEDICAL CENTER INC is 61-0445850.
Is ST ELIZABETH MEDICAL CENTER INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
Which annual return does ST ELIZABETH MEDICAL CENTER INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ST ELIZABETH MEDICAL CENTER INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ST ELIZABETH MEDICAL CENTER INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ST ELIZABETH MEDICAL CENTER INC?
The 990 for the year ended December 31, 2024 names Garren Colvin.
Who are the officers and directors of ST ELIZABETH MEDICAL CENTER INC?
The 990 for the year ended December 31, 2024 lists 37 people; 26 received compensation from the organization, the highest $1,657,850 (Garren Colvin, PRESIDENT/CEO).
How much revenue does ST ELIZABETH MEDICAL CENTER INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,186,211,019, expenses of $1,993,136,014 and total assets of $3,365,327,819 at year end.

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