Southwestern Healthcare Inc
- Assets
- $14.6m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 70
- Location
- Evansville, IN
- Founding
- 07/2008
- Data as of
- 06/2022
- 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 06/2022, Southwestern Healthcare Inc employed 70 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 06/2022, Southwestern Healthcare Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $5.8m during the year ending 06/2022. While expenses have increased by 5.1% per year over the past 7 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
2022
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: FINANCE, HUMAN RESOURCES, CORPORATE COMPLIANCE, INFORMATION TECHNOLOGY, HEALTH INFORMATION MANAGEMENT, PATIENT FINANCIAL SERVICES, COMMUNICATIONS/OUTREACH AND FACILITIES MANAGMENT.
OWN AND MAINTENANCE THE OPERATING FACILITIES USED FOR PROGRAM SERVICES OF THE SUPPORTED ORGANIZATIONS AND OTHER NON-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary (from 7/1/21-9/21/21), Board Member (from 9/22/21-6/30/22) | OfficerTrustee | 0.5 | $0 |
Name Not Listed Chairperson (from 9/22/21-6/30/22), Vice Chairperson (from 7/1/21-9/21/22) | OfficerTrustee | 0.5 | $0 |
Name Not Listed Secretary (from 9/22/21-6/30/22), Board Member (from 7/1/21-9/21/21) | OfficerTrustee | 0.5 | $0 |
Name Not Listed President/chief Executive Officer | OfficerTrustee | 40 | $191,104 |
Name Not Listed Vice Chairperson (from 9/22/21-6/30/22) | OfficerTrustee | 0.5 | $0 |
Name Not Listed Chairperson (from 7/1/21-9/21/21), Board Member (from 9/22/21-6/30/22) | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $635,680 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $635,680 |
| Total Program Service Revenue | $6,123,053 |
| Investment income | $16,171 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$78,386 |
| Net Gain/Loss on Asset Sales | -$1,002 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,738,228 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $404,605 |
| Compensation of current officers, directors, key employees. | $68,061 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,580,016 |
| Pension plan accruals and contributions | $83,873 |
| Other employee benefits | $504,828 |
| Payroll taxes | $186,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,550 |
| Fees for services: Accounting | $38,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,151 |
| Advertising and promotion | $295 |
| Office expenses | $67,535 |
| Information technology | $308,632 |
| Royalties | $0 |
| Occupancy | $839,162 |
| Travel | $22,483 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,303 |
| Interest | $583 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $522,892 |
| Insurance | $51,875 |
| All other expenses | $0 |
| Total functional expenses | $5,751,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250 |
| Savings and temporary cash investments | $6,624,153 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $238,855 |
| Net Land, buildings, and equipment | $7,008,245 |
| Investments—publicly traded securities | $43,986 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $694,237 |
| Total assets | $14,609,726 |
| Accounts payable and accrued expenses | $692,921 |
| Grants payable | $0 |
| Deferred revenue | $265,999 |
| 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 | $0 |
| Other liabilities | $30,842 |
| Total liabilities | $989,762 |
| Net assets without donor restrictions | $13,395,678 |
| Net assets with donor restrictions | $224,286 |
| 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 | $14,609,726 |