Beavercreek Medical Center
- Assets
- $315.7m
- Revenue
- $234.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Miamisburg, OH
- Founding
- 04/1947
- Data as of
- 12/2021
- EIN
- 27-0712680
Organization Overview
Beavercreek Medical Center, operating under the name The Indu and Raj Soin Medical Center, is located in Miamisburg, OH. The organization was established in 1947. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Indu and Raj Soin Medical Center 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 12/2021, Indu and Raj Soin Medical Center generated $234.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $220.2m during the year ending 12/2021. While expenses have increased by 10.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY HEALTHCARE TO INDIVIDUALS AND THE COMMUNITY AS A WHOLE IN A JUDEO-CHRISTIAN MANNER.
Describe the Organization's Program Activity:
CARE WAS PROVIDED FOR 9,163 DISCHARGES, ADULT & PED DAYS OF 37,251, AND 124,081 OUTPATIENT VISITS.LEADING EDGE RESPONSE TO THE COVID-19 PANDEMIC CENTERED AROUND THE COMMUNITY. SOIN MEDICAL CENTER ESTABLISHED SCREENING AND TESTING SITES, CREATED TELEHEALTH OPTIONS FOR COMMUNITY ACCESS, AND CREATED SURGE CAPACITY FOR TREATMENT AND PROTOCOLS FOR PROTECTING TEAM MEMBERS. SOIN MEDICAL CENTER ALSO PURCHASED AND STORED ESSENTIAL SUPPLIES AND PERSONAL PROTECTIVE EQUIPMENT AND PROVIDED TRAINING FOR TEAM MEMBERS AS WELL AS ENHANCED SAFETY AND CLEANING PROTOCOLS FOR FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tryon Daniel W President Soin-Kh Greene Memorial Begin 11/21 | OfficerTrustee | 26 | $0 |
Dodds Rick President Soin-Kh Greene Memorial Until Jun-21 | OfficerTrustee | 26 | $0 |
Schneider Erica COO Kh Main Campus Beginning Mar-22 | Officer | 25 | $0 |
Barber Wendi CFO Region #1 | Officer | 12 | $0 |
Sackett Walter President Kh Begin Sept-21 | Trustee | 1 | $0 |
Soin Amol Physician | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $325,236 |
| Government grants | $1,353,566 |
| 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 | $1,678,802 |
| Total Program Service Revenue | $231,613,809 |
| Investment income | $1,426,927 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$66,050 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $234,653,488 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,909 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,873,422 |
| Compensation of current officers, directors, key employees. | $312,519 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,887,404 |
| Pension plan accruals and contributions | $1,887,062 |
| Other employee benefits | $11,562,765 |
| Payroll taxes | $4,885,054 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,241 |
| Fees for services: Accounting | $3,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,533 |
| Fees for services: Other | $18,561,134 |
| Advertising and promotion | $0 |
| Office expenses | $2,062,715 |
| Information technology | $322,955 |
| Royalties | $0 |
| Occupancy | $2,560,578 |
| Travel | $36,888 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107,868 |
| Interest | $6,652,615 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,071,538 |
| Insurance | $858,057 |
| All other expenses | $8,112,554 |
| Total functional expenses | $220,168,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,519 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,660,729 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,002,365 |
| Prepaid expenses and deferred charges | $2,214,502 |
| Net Land, buildings, and equipment | $223,904,468 |
| Investments—publicly traded securities | $56,531,425 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $278,436 |
| Total assets | $315,696,444 |
| Accounts payable and accrued expenses | $19,487,061 |
| Grants payable | $0 |
| Deferred revenue | $9,095,588 |
| Tax-exempt bond liabilities | $248,070,909 |
| 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 | $7,961,296 |
| Total liabilities | $284,614,854 |
| Net assets without donor restrictions | $31,081,590 |
| Net assets with donor restrictions | $0 |
| 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 | $315,696,444 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Beavercreek Medical Center has recieved totaling $325,236.
| Awarding Organization | Amount |
|---|---|
Greene Foundation Miamisburg, OH PURPOSE: Support | $325,236 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Physicians Of Indiana Inc Indianapolis, IN | $101,048,784 | $378,135,531 |
Henry Ford Macomb Hospital Corporation Detroit, MI | $546,856,756 | $653,565,323 |
Southern Ohio Medical Center Portsmouth, OH | $685,497,488 | $516,045,516 |
Summit Medical Group Inc Erlanger, KY | $190,205,942 | $425,285,378 |
St Lukes Hospital Anderson Campus Allentown, PA | $273,325,539 | $361,430,735 |
St Joseph Regional Health Network Reading, PA | $174,700,776 | $307,422,246 |
Penn State Health Holy Spirit Medical Center Hershey, PA | $95,423,962 | $326,188,059 |
Community Hospitals Of Indiana Inc Indianapolis, IN | $779,256,997 | $322,956,027 |
Beavercreek Medical Center Miamisburg, OH | $315,696,444 | $234,653,488 |
Alverno Provena Hospital Laboratories Inc Hammond, IN | $27,250,594 | $191,626,087 |
Reid Physician Associates Inc Richmond, IN | $23,164,630 | $96,947,543 |
Kentuckyone Health Medical Group Inc Louisville, KY | $34,581,254 | $84,338,188 |