Southwestern Healthcare Inc
- Assets
- $14.2m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 61
- Location
- Evansville, IN
- Founding
- 07/2008
- Data as of
- 06/2021
- EIN
- 26-1503650
Organization Overview
Southwestern Healthcare Inc is located in Evansville, IN. The organization was established in 2008. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Southwestern Healthcare Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwestern Healthcare Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Southwestern Healthcare Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $5.5m during the year ending 06/2021. While expenses have increased by 5.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE MISSION AND OPERATIONS OF IT'S SUPPORTED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ADMINISTRATIVE SERVICES TO SUPPORT PROGRAM OPERATIONS OF IT'S SUPPORTED ORGANIZATIONS INCLUDING: HUMAN RESOURCES, PATIENT FINANCIAL SERVICES, FINANCE, INFORMATION TECHNOLOGY, COMMUNICATIONS/OUTREACH, HEALTH INFORMATION MANAGMENT, COMPLIANCE, FACILITIES MANAGEMENT AND PROGRAM COORDINATION.
OWN AND MAINTENANCE THE OPERATING FACILITIES USED FOR PROGRAM SERVICES OF THE SUPPORTED ORGANIZATIONS AND OTHER NON-PROFIT ORGANIZATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member (from 5/18/21) | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,261 |
| All other contributions, gifts, grants, and similar amounts not included above | $300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,561 |
| Total Program Service Revenue | $5,756,815 |
| Investment income | $25,306 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$98,100 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,739,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $421,535 |
| Compensation of current officers, directors, key employees. | $77,053 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,340,699 |
| Pension plan accruals and contributions | $83,339 |
| Other employee benefits | $458,202 |
| Payroll taxes | $168,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,688 |
| Fees for services: Accounting | $35,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,221 |
| Advertising and promotion | $19,792 |
| Office expenses | $63,317 |
| Information technology | $371,320 |
| Royalties | $0 |
| Occupancy | $761,125 |
| Travel | $18,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,300 |
| Interest | $6,260 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $500,028 |
| Insurance | $37,283 |
| All other expenses | $0 |
| Total functional expenses | $5,504,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,284 |
| Savings and temporary cash investments | $6,172,481 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,777 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $213,178 |
| Net Land, buildings, and equipment | $7,092,349 |
| Investments—publicly traded securities | $42,364 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $670,112 |
| Total assets | $14,194,545 |
| Accounts payable and accrued expenses | $712,404 |
| Grants payable | $0 |
| Deferred revenue | $185,046 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $626,000 |
| Other liabilities | $30,550 |
| Total liabilities | $1,554,000 |
| Net assets without donor restrictions | $12,415,759 |
| Net assets with donor restrictions | $224,786 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,194,545 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southwestern Healthcare Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
City Of Evansville Endowment Fund Inc Evansville, IN PURPOSE: Washington Court Apts Porch and Balcony Repair/Renovation | $30,000 |
Endowment Analysis
| Beg. Balance | $896,643 |
| Earnings | $4,833 |
| Grants | $750 |
| Ending Balance | $900,726 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Livingston Hospital And Healthcare Services Inc Salem, KY | $11,764,039 | $22,423,570 |
Cumberland County Hospital Association Inc Burkesville, KY | $27,206,653 | $23,152,789 |
St Marys Warrick Hospital Inc St Louis, MO | $9,424,300 | $16,745,363 |
Aspirus Stanley Hospital & Clinics Inc Wausau, WI | $10,927,612 | $20,966,048 |
Community Hospital Of Staunton Staunton, IL | $32,595,948 | $20,788,343 |
St Vincent Clay Hospital Inc St Louis, MO | $12,816,129 | $21,118,417 |
Genesis Medical Center Aledo Aledo, IL | $16,196,609 | $17,740,710 |
Hshs Good Shepherd Hospital Inc Shelbyville, IL | $31,163,416 | $16,379,613 |
Uofl Health-Shelbyville Inc Louisville, KY | $17,393,919 | $16,689,423 |
Northwestern Memorial Healthcare Dekalb, IL | $61,241,872 | $21,268,372 |
Wayne County Hospital Inc Monticello, KY | $12,751,716 | $22,596,534 |
Aspirus Eagle River Hospital Inc Wausau, WI | $7,216,947 | $19,491,816 |