Fairfield Medical Center
- Assets
- $284.5m
- Revenue
- $324.3m
- Investments
- $8.8m
- Employees
- 2,030
- Location
- Lancaster, OH
- Founding
- 02/1982
- Data as of
- 12/2023
- EIN
- 31-0645626
Organization Overview
Fairfield Medical Center is located in Lancaster, OH. The organization was established in 1982. 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 12/2023, Fairfield Medical Center employed 2,030 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairfield 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 12/2023, Fairfield Medical Center generated $324.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $323.4m during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FAIRFIELD MEDICAL CENTER DELIVERS OUTSTANDING HEALTHCARE FOR OUR PATIENTS, THEIR FAMILIES AND OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A) PATIENT CARE: INPATIENT MEDICAL, SURGICAL, EMERGENCY, MATERNITY, ICU, AND NURSING SERVICES (74,633 DISCHARGES, PROCEDURES & VISITS)
B) PATIENT CARE: LABORATORY, CARDIOVASCULAR, RADIOLOGY, THERAPY, PHARMACY, AND MEDICAL SUPPLY SERVICES (6,580,441 PROCEDURES & DOSAGES)
C) PATIENT CARE: NUTRITIONAL SERVICES (461,138 MEALS SERVED) PATIENT CARE: LAUNDRY SERVICES (1,109,708 POUNDS) PATIENT CARE: PLANT ENGINEERING, POLICE, HOUSEKEEPING, CENTRAL TRANSPORT, INTEREST & DEPRECIATION (734,265 SQUARE FEET)
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Janoso Jr Director, President, & CEO | OfficerTrustee | 55 | $688,696 |
Bradley Hedges PHD Chair | OfficerTrustee | 3 | $0 |
Matthew Wideman Vice Chair | OfficerTrustee | 3 | $0 |
Lauri Lach Secretary | OfficerTrustee | 2 | $0 |
Ron Burris Director | Trustee | 2 | $0 |
Dan Fruth Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fairfield Anesthesia Associates Physician Services | 12/30/23 | $3,783,650 |
Renovo Solutions Biomedical Services | 12/30/23 | $2,354,180 |
Emp Of Lancaster Physician Services | 12/30/23 | $1,192,500 |
Specialty Care Miss Services Personnel Services | 12/30/23 | $1,457,060 |
Blue & Co Llc Accounting Services | 12/30/23 | $972,184 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $140 |
| 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 | $140 |
| Total Program Service Revenue | $315,876,820 |
| Investment income | $1,932,475 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$467,937 |
| Net Gain/Loss on Asset Sales | -$160,481 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $324,338,115 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,928,009 |
| Compensation of current officers, directors, key employees. | $282,825 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,451,319 |
| Pension plan accruals and contributions | $5,134,525 |
| Other employee benefits | $14,708,908 |
| Payroll taxes | $7,465,380 |
| Fees for services: Management | $14,818,831 |
| Fees for services: Legal | $1,066,699 |
| Fees for services: Accounting | $269,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,002,007 |
| Advertising and promotion | $454,548 |
| Office expenses | $4,166,525 |
| Information technology | $10,200 |
| Royalties | $0 |
| Occupancy | $4,494,507 |
| Travel | $164,722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,535,345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,835,234 |
| Insurance | $973,912 |
| All other expenses | $1,534,413 |
| Total functional expenses | $323,448,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,055,607 |
| Savings and temporary cash investments | $27,015,946 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,742,113 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $409,911 |
| Inventories for sale or use | $6,033,479 |
| Prepaid expenses and deferred charges | $6,608,392 |
| Net Land, buildings, and equipment | $123,872,555 |
| Investments—publicly traded securities | $49,786,643 |
| Investments—other securities | $8,779,458 |
| Investments—program-related | $0 |
| Intangible assets | $7,527,642 |
| Other assets | $13,656,637 |
| Total assets | $284,488,383 |
| Accounts payable and accrued expenses | $37,796,107 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $78,851,589 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,825,905 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $52,594,684 |
| Total liabilities | $176,068,285 |
| Net assets without donor restrictions | $108,420,098 |
| 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 | $284,488,383 |