Vanderbilt University Medical Center
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$6,962,388,000.00
Projected Expenses
$6,624,088,000.00
Organizational Budgets and Other Documents
| 2023-2024 VUMC Budget | 2024 |
| 2021-2022 Budget | 2022 |
| 2020-2021 Budget | 2021 |
| 2019-2020 Budget | 2020 |
| 2018-2019 Budget | 2019 |
| 2017 - 2018 Budget | 2018 |
| 2016-2017 Budget | 2017 |
IRS Letter of Exemption
| IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $6,413,300,115.00 | $5,574,580,198.00 | |
| Total Expenses | $6,199,085,905.00 | $5,353,708,776.00 | |
| Revenue Less Expenses | ($-0.00) | $214,214,210.00 | $220,871,422.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $400,178,358.00 | $341,993,609.00 | |
| Contributions, Gifts, and Grants | $90,834,137.00 | $91,940,738.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $5,833,334,276.00 | $5,108,684,693.00 | |
| Investment Income, Net of Losses | $41,393,635.00 | $182,206,257.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $1,153,169.00 | $487,762.00 | |
| Revenue In-Kind | $13,445,785.00 | $3,944,649.00 | |
| Other | $15,348,939.00 | $9,322,490.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $5,241,921,992.00 | $4,503,864,060.00 | |
| Administration Expense | $938,203,424.00 | $843,907,483.00 | |
| Fundraising Expense | $18,960,489.00 | $15,937,233.00 | |
| Total Revenue/Total Expenses | 103% | 104% | |
| Program Expense/Total Expenses | 85% | 84% | |
| Fundraising Expense/Contributed Revenue | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenue $5,833,334,276.00 | Program Revenue $5,108,684,693.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Government Grants $400,178,358.00 | Government Grants $341,993,609.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $90,834,137.00 | Contributions, Gifts, and Grants $91,940,738.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $5,527,589,693.00 | $5,433,308,715.00 | |
| Current Assets | $1,709,851,874.00 | $1,780,485,100.00 | |
| Long-Term Liabilities | $1,657,485,142.00 | $1,655,274,148.00 | |
| Current Liabilities | $1,949,836,104.00 | $2,057,654,426.00 | |
| Total Net Assets | $1,920,268,447.00 | $1,730,380,141.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$501,259,219.85
What is the spending policy for your endowment?
Percentage
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Exempt
Solicitations Permit
Vanderbilt University Medical Center TN Charitable Solicitations Permit
Form 990s
| VUMC Form 990 | 2022 |
| Form 990 2020-2021 | 2021 |
| Form 990 2019-2020 | 2020 |
| Form 990 2018-2019 | 2019 |
| Form 990 2017-2018 | 2018 |
| Form 990 2016-2017 | 2017 |
| Form 990 2015-2016 | 2016 |
Audit Documents
Foundation Staff Comments
| Financial figures taken from Form 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Form 990 was prepared by Ernst & Young U.S. LLP. Comment provided by Nicole Rose 09/06/2023. |
