Commonwealth Health Corporation Inc
- Assets
- $147.5m
- Revenue
- $131.7m
- Investments
- $230.9k
- Employees
- 3,489
- Location
- Bowling Green, KY
- Founding
- 02/1985
- Data as of
- 03/2022
- EIN
- 31-1118087
Organization Overview
Commonwealth Health Corporation Inc, operating under the name Med Center Health, is located in Bowling Green, KY. The organization was established in 1985. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 03/2022, Med Center Health employed 3,489 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Med Center Health 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 03/2022, Med Center Health generated $131.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $118.8m during the year ending 03/2022. While expenses have increased by 7.3% 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.
Since 2015, Med Center Health has awarded 24 individual grants totaling $7,390,541. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MED CENTER HEALTH IS AN INTEGRATED HEALTHCARE SYSTEM WITH A MISSION TO CARE FOR PEOPLE AND IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
PHYSICIAN SERVICES: MED CENTER HEALTH'S (MCH) INTEGRATED CARE SYSTEM INCLUDES SIX HOSPITALS, PROMOTING HEALTHCARE IN SOUTH CENTRAL KENTUCKY BY OWNING AND MANAGING PHYSICIAN PRACTICES AND IMMEDIATE CARE CLINICS. THE PHYSICIAN PRACTICES COVER A WIDE RANGE OF MEDICAL SPECIALTIES, INCLUDING ORTHOPAEDIC, VASCULAR AND CARDIOTHORACIC SURGERY, OTORHIOLARYNGOLOGY (ENT), NEUROLOGY & NEUROSURGERY, HOSPITALISTS, OBSTETRICS, GYNECOLOGY, GENERAL SURGERY, BARIACTRIC SURGERY, HEMOTOLOGY & ONCOLOGY, INFECTIOUS DISEASE, INTERNAL MEDICAL AND GENERAL MEDICINE. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
ADMINISTRATIVE PROGRAMS: MCH IS A HOLDING COMPANY FOR A TOTAL OF TWELVE NONPROFIT AND FOR-PROFIT CORPORATIONS AND PARTNERSHIPS (COLLECTIVELY, THE "AFFILIATES") ENGAGED IN VARIOUS ASPECTS OF THE HEALTHCARE INDUSTRY. MCH OPERATES AND PROVIDES VARIOUS CORPORATE SUPPORT SERVICES FOR AFFILIATES INCLUDING PATIENT BILLING, COLLECTIONS, ACCOUNTING, MATERIALS MANAGEMENT, ENGINEERING, SECURITY, HUMAN RESOURCES, INFORMATION SYSTEMS, AND ADMINISTRATIVE SUPPORT.
REHABILITATIVE SERVICES: MCH PROMOTES HEALTHCARE IN SOUTH CENTRAL KENTUCKY BY OPERATING A COMPREHENSIVE REHABILITATION FACILITY WHICH OFFERS PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY. IN ADDITION, THE CORPORATION PROVIDES STAFFING FOR THERAPY SERVICES IN A RELATED HOME HEALTH AGENCY, TWO ACUTE CARE HOSPITALS, THREE CRITICAL ACCESS HOSPITALS, A LONG-TERM ACUTE CARE HOSPITAL, AND ONE NURSING CARE FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Connie D Smith President / CEO | OfficerTrustee | 40 | $1,333,801 |
Dr Narendra Nathoo Physician | 40 | $1,182,264 | |
Dr Nessa Timoney Physician | 40 | $849,242 | |
Dr Paul M Moore Cardiovascular Surgeon | 40 | $808,958 | |
Dr Wallace Carter Physician | 40 | $804,576 | |
Dr Onyeoziri Nwanguma Physician | 40 | $733,953 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kentucky Medical Services Physician Services | 3/30/22 | $3,025,038 |
Hoy P Hodges Attorney Services | 3/30/22 | $1,596,500 |
Brentwood Services Administractors Professional Fees | 3/30/22 | $584,310 |
Bottom Line Systems Inc Professional Fees | 3/30/22 | $892,984 |
Premier Inc Professional Fees | 3/30/22 | $553,178 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $528,126 |
| Government grants | $582,117 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $528,126 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,110,243 |
| Total Program Service Revenue | $121,544,689 |
| Investment income | $1,291,200 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $168,820 |
| Net Gain/Loss on Asset Sales | $6,778,048 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,659,305 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $538,553 |
| Grants and other assistance to domestic individuals. | $17,088 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,513,857 |
| Compensation of current officers, directors, key employees. | $985,886 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,606,614 |
| Pension plan accruals and contributions | $4,174,288 |
| Other employee benefits | $8,167,933 |
| Payroll taxes | $4,256,688 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $420,526 |
| Fees for services: Accounting | $464,219 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,546,441 |
| Advertising and promotion | $342,865 |
| Office expenses | $2,305,279 |
| Information technology | $579,625 |
| Royalties | $0 |
| Occupancy | $2,494,682 |
| Travel | $401,846 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $788,252 |
| Insurance | $1,190,477 |
| All other expenses | $0 |
| Total functional expenses | $118,837,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,295,808 |
| Savings and temporary cash investments | $97,617,265 |
| Pledges and grants receivable | $3,851,553 |
| Accounts receivable, net | $7,007,277 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,789,629 |
| Inventories for sale or use | $26,102 |
| Prepaid expenses and deferred charges | $1,139,703 |
| Net Land, buildings, and equipment | $9,303,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $230,857 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,286,048 |
| Total assets | $147,547,590 |
| Accounts payable and accrued expenses | $29,085,377 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $15,945,284 |
| Total liabilities | $45,030,661 |
| Net assets without donor restrictions | $102,516,929 |
| 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 | $147,547,590 |
Grants Awarded
Over the last fiscal year, Commonwealth Health Corporation Inc has awarded $535,224 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Bowling Green, KY PURPOSE: GENERAL SUPPORT | $431,058 |
Bowling Green, KY PURPOSE: GENERAL SUPPORT | $104,166 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Commonwealth Health Corporation Inc has recieved totaling $294,436.
| Awarding Organization | Amount |
|---|---|
Commonwealth Health Foundation Bowling Green, KY PURPOSE: GENERAL SUPPORT | $294,436 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ssm Health Care Corporation St Louis, MO | $4,485,127,106 | $1,033,534,741 |
Parkview Health System Inc Fort Wayne, IN | $2,712,217,032 | $933,221,094 |
Bjc Health System St Louis, MO | $5,456,592,622 | $1,155,105,032 |
University Hospitals Health System Inc Shaker Heights, OH | $6,082,138,000 | $960,105,000 |
Aultman Health Foundation Group Return Canton, OH | $450,362,832 | $880,954,681 |
Appalachian Regional Healthcare Inc Lexington, KY | $1,267,201,787 | $817,287,479 |
Memorial Health Care System Inc Chattanooga, TN | $833,500,042 | $655,181,018 |
Wellmont Health System Johnson City, TN | $425,394,041 | $662,198,822 |
Virginia Hospital Center Arlington Health System Arlington, VA | $1,877,524,577 | $673,514,509 |
West Virginia University Medical Corporation Morgantown, WV | $212,648,584 | $571,153,959 |
Owensboro Health Regional Hospital Owensboro, KY | $1,685,340,581 | $709,904,993 |
Adena Health System Chillicothe, OH | $876,980,484 | $590,625,475 |