Health Care
(E220)
990 on File
ST LUKES HOSPITAL OF DULUTH
Financial strength (30%)
73/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2023
$556.8M
Total Revenue
$569.9M
Total Expenses
$131.2M
Net Assets
3428
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
88.0%
Fundraising Efficiency
N/A
Operating Reserve
2.76x
Liability-to-Asset
73.4%
Revenue Diversification
97.4%
Executive Compensation
$12.8M
Compared with Peers
FY 2023
Compared with 1,811 similar organizations
(United States, Health Care, $100M and over in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
88.0% | 87.3% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
12.0% | 12.7% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.8 mo | 6.0 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
73.4% | 46.1% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
97.4% | 96.8% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
1.5% | 6.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
5.0% | 6.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-2.4% | 1.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $556.8M | $569.9M | $131.2M | 88.0% | 3428 |
| 2022 | $548.8M | $542.9M | $144.1M | 88.5% | 3414 |
| 2021 | $537.8M | $523.1M | N/A | — | 3450 |
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