Question
Table 5.3-1. Financial Comparisons of the Not-for-Profit Entities Fiscal Year Ended 1999 St. Jude Children's Research Hospital Form 990 * American Lebanese Syrian Associated Charities,
Table 5.3-1. Financial Comparisons of the Not-for-Profit Entities
Fiscal Year Ended 1999 | St. Jude Children's Research Hospital Form 990 * | American Lebanese Syrian Associated Charities, Inc. (ALSAC) Form 990 * |
Contributions, gifts, grants and similar amounts received: Direct public support | $91,978,426 | $231,793,748 |
Indirect public support | 2,906,934 | |
Government contributions (grants) | 31,469,447 | |
Program service revenue, including government fees and contracts (i.e., health insurance revenue) | 46,034,710 | |
Accounts receivable | 24,217,029 | 4,230,764 |
Pledges receivable | 23,604,748 | |
Allowance for doubtful accounts | 9,363,328 | |
Program service expenses | 99,282,906 | |
Program service expenses: Research | 87,225,830 | |
Program service expenses: Education and training | 5,471,186 | |
Program service expenses: Medical Services | 93,735,602 | |
Reconciliation of revenue, gains, and other support to audited numbers: net unrealized gains on investments | 4,023,815 | 65,891,269 |
Deferred grant revenue | 1,857,628 | |
(Statement 5) | ||
Support from American Lebanese Syrian Associated Charities, Inc. | 91,978,426 | 91,978,426 |
(Statement 7) | (paid per Statements 4, 6) | |
Excluded contributions | 2,746,295 | |
(Statement 1) | ||
Excess or (deficit) for the year | 10,933,191 | 120,521,982 |
Net assets or fund balances at end of year | 199,707,440 | 994,501,910 |
Temporarily restricted | 15,715,890 | |
Permanently restricted | 14,000,000 | 247,147,826 |
Total liabilities | 21,956,792 | 7,017,192 |
Schedule of deferred debits & credits by contract (FAS 116 adjustment noted to result in this deferred revenue) | 157,628 |
*The GuideStar.org Web site ( http://www.guidestar.org) provides access to Forms 990 in.PDF format.
Table 5.3-3. Patient Revenue Mix
PERCENTAGE OF NET PATIENT REVENUES | |||||
2000 | 1999 | 1998 | 1997 | 1996 | |
Third Party Payors | |||||
Medicare........................................ | 32.3% | 33.5% | 34.3% | 35.6% | 35.6% |
Medicaid........................................ | 11.5% | 12.6% | 11.3% | 14.5% | 15.3% |
Managed Care (HMOs and PPOs)... | 34.5% | 31.5% | 27.2% | 19.1% | N/A |
Other Sources................................. | 21.7% | 22.4% | 27.2% | 30.8% | 49.1% |
Total.............................................. | 100% | 100% | 100% | 100% | 100% |
N/A-Not available (Source: 10-K filed 3/28/2001)
Requirement B: Revenue Mix (Strategy-Related Considerations)
The 10-K filing of Universal Health Services, Inc. describes the mix of revenue sources, as depicted in Table 5.3-3.
How does this revenue mix compare with the revenue blend of the not-for-profit entity, St. Jude Children's Research Hospital (ALSAC)? Access the latest SEC filing and compare the reported revenue mix; has it changed?
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