Dedicated to Creating Healthier Communities
We’re here to serve as your partner in health, offering a wide variety of services that care for the mind, body and spirit.
Community Benefit - 2015
Nonprofit vs. profit
Unlike for-profit businesses that pay dividends to shareholders, CHI Franciscan reinvests its “profit” to sustain or expand programs, upgrade technology, and replace facilities as needed. Our primary shareholders are the communities we serve.
During our most recent fiscal year, we provided $142 million in community benefit, a broad category of free and subsidized programs (i.e., health talks, educational programs, community-building events, charity care, etc.) that support our mission.
We serve everyone, regardless of their ability to pay, as part of our healing ministry. We provided $10 million in charity (free and reduced-cost) care for individuals who could not afford to pay for needed medical services.
Our organization also pays federal, state and local taxes. Being a nonprofit does not mean tax-free. Franciscan’s tax bill totaled $106 million in fiscal year 2015.
Community benefit exceeds tax exemptions
While we receive some tax exemptions as a nonprofit organization, we always give more than we receive. The community benefit (including charity care) we provided exceeded our tax exemptions by $94 million.