Reid Hospital & Health Care Services Inc
- Assets
- $1.5b
- Revenue
- $692.5m
- Investments
- $479.4m
- Employees
- 3,952
- Location
- Richmond, IN
- Founding
- 10/1970
- Data as of
- 12/2021
- EIN
- 35-0892672
Organization Overview
Reid Hospital & Health Care Services Inc is located in Richmond, IN. The organization was established in 1970. 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 12/2021, Reid Hospital & Health Care Services Inc employed 3,952 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reid Hospital & Health Care Services 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 12/2021, Reid Hospital & Health Care Services Inc generated $692.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $514.5m during the year ending 12/2021. While expenses have increased by 6.8% 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 2014, Reid Hospital & Health Care Services Inc has awarded 165 individual grants totaling $2,216,697. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION: TO LEAD OUR COMMUNITIES TO WELL-BEING, ONE PERSON AT A TIME.
Describe the Organization's Program Activity:
THE MISSION OF REID HOSPITAL AND HEALTH CARE SERVICES, INC. IS TO SERVE THE PEOPLE OF A MULTI-COUNTY SERVICE AREA IN REFERENCE TO THEIR CURRENT AND FUTURE NEEDS FOR HEALTH CARE SERVICES. IN FURTHERANCE OF THIS MISSION, REID HOSPITAL AND HEALTH CARE SERVICES, INC. PROVIDES QUALITY HEALTHCARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, AGE, OR ABILITY TO PAY. DURING 2021, REID HOSPITAL AND HEALTH CARE SERVICES, INC. ADMITTED APPROXIMATELY 14,338 PATIENTS FOR IN-PATIENT SERVICES REPRESENTING 66,635 PATIENT DAYS; 703 BIRTHS REPRESENTING 1,445 NEWBORN PATIENT DAYS AND PERFORMED APPROXIMATELY 1,543 IN-PATIENT SURGERIES. IN ADDITION, REID HOSPITAL AND HEALTH CARE SERVICES, INC. RECEIVED 317,304 OUT-PATIENT ENCOUNTERS FOR NON-EMERGENCY DIAGNOSTIC AND TREATMENT SERVICES INCLUDING 9,534 AMBULATORY SURGERIES AND 15,490 HOME HEALTH ENCOUNTERS. REID HOSPITAL AND HEALTH CARE SERVICES, INC. OFFERS EMERGENCY SERVICES 24 HOURS PER DAY, 365 DAYS EACH YEAR. IN 2021, 52,505 PATIENTS WERE TREATED THROUGH EMERGENCY SERVICES. IN KEEPING WITH REID HOSPITAL AND HEALTH CARE SERVICES, INC.'S COMMITMENT TO SERVE ALL MEMBERS OF OUR MULTI-COUNTY SERVICE AREA, REID HOSPITAL AND HEALTH CARE SERVICES, INC. PROVIDES HEALTHCARE TO THE ELDERLY AND DISABLED COVERED UNDER MEDICARE AND MEDICAID PROGRAMS AT OR BELOW COST. IN ADDITION, REID HOSPITAL AND HEALTH CARE SERVICES, INC. HAS ESTABLISHED A FINANCIAL ASSISTANCE POLICY FOR THE POOR WHO DO NOT HAVE THE MEANS TO PAY FOR SERVICES. FOR 2021, THE TOTAL VALUE OF UNCOMPENSATED CARE AT COST FOR THE ELDERLY AND DISABLED WAS $3.9 MILLION AND FINANCIAL ASSISTANCE FOR THE POOR WAS $5.2 MILLION. TO ENSURE MEMBERS OF OUR SERVICE COMMUNITY HAVE ADEQUATE ACCESS AND RESOURCES AVAILABLE TO MEET THEIR HEALTHCARE NEEDS, REID HOSPITAL AND HEALTH CARE SERVICES, INC. HAS UNDERTAKEN A DELIBERATE PHYSICIAN RECRUITMENT PROGRAM CONSISTENT WITH IRS GUIDANCE. THIS PROGRAM PROVIDES ASSURANCE THAT OUR SERVICE COMMUNITY HAS ADEQUATE AND QUALIFIED PHYSICIAN RESOURCES COVERING VARIETY OF SPECIALTY AREAS. THE COST OF FUNDING THIS RECRUITMENT EFFORT WAS $988,624 FOR 2021. IN ADDITION, REID HOSPITAL AND HEALTHCARE SERVICES, INC. IS COMMITTED TO INITIATING, PARTICIPATING IN, OR COOPERATIVELY SUPPORTING COMMUNITY EFFORTS THAT ENHANCE THE GENERAL HEALTH STATUS, WELL-BEING AND TOTAL QUALITY OF LIFE IN OUR SERVICE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Kinyon President/ceo | OfficerTrustee | 50 | $1,053,535 |
Thomas Huth MD Vice President-Medical Affairs | Officer | 50 | $427,089 |
Christopher Knight Vice President-Cfo | Officer | 50 | $407,859 |
Misti Foust-Cofield Vice President-Cno | Officer | 50 | $343,360 |
Jennifer Ehlers Vice President-Cqo | Officer | 50 | $342,288 |
Billie Kester Vp-Continuum Of Care | Officer | 50 | $342,145 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shook Construction Company Construction | 12/30/21 | $7,235,679 |
Amerisourcebergen Drug Corp Pharmacy Supplier | 12/30/21 | $40,700,274 |
Siemens Public Inc Medical Technology | 12/30/21 | $5,742,477 |
Concordance Healthcare Solutions Ll Medical Supplier | 12/30/21 | $7,575,448 |
Siemens Medical Solutions Usa Medical Technology | 12/30/21 | $6,014,321 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,173,752 |
| Government grants | $26,119,310 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,000 |
| Noncash contributions included in lines 1a–1f | $2,173,752 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,343,062 |
| Total Program Service Revenue | $541,550,608 |
| Investment income | $109,212,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,239,489 |
| Net Gain/Loss on Asset Sales | -$2,716,898 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $692,459,515 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $254,139 |
| 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. | $4,193,858 |
| Compensation of current officers, directors, key employees. | $818,040 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,434,520 |
| Pension plan accruals and contributions | $4,657,696 |
| Other employee benefits | $35,137,139 |
| Payroll taxes | $10,693,543 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $762,403 |
| Fees for services: Accounting | $261,913 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,774,832 |
| Advertising and promotion | $2,901,574 |
| Office expenses | $2,706,339 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,389,098 |
| Travel | $395,732 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $286,883 |
| Interest | $8,120,743 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,698,930 |
| Insurance | $3,735,519 |
| All other expenses | $1,033,595 |
| Total functional expenses | $514,457,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $554 |
| Savings and temporary cash investments | $67,319,430 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $631,750,286 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,763,560 |
| Prepaid expenses and deferred charges | $7,448,553 |
| Net Land, buildings, and equipment | $254,616,474 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $479,377,266 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,163,816 |
| Total assets | $1,518,439,939 |
| Accounts payable and accrued expenses | $75,571,888 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $201,401,129 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $41,629,178 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,525,465 |
| Total liabilities | $344,127,660 |
| Net assets without donor restrictions | $1,151,079,999 |
| Net assets with donor restrictions | $23,232,280 |
| 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 | $1,518,439,939 |
Grants Awarded
Over the last fiscal year, Reid Hospital & Health Care Services Inc has awarded $214,571 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
RICHMOND PARKS AND RECREATION PURPOSE: Aqua Climb | $15,000 |
Richmond, IN PURPOSE: Parents As Teachers program | $15,000 |
Richmond, IN PURPOSE: Wellness Action Recovery Plan | $12,480 |
Muncie, IN PURPOSE: bike loaner program | $11,534 |
Richmond, IN PURPOSE: Prevention Plus programming | $11,250 |
Richmond, IN PURPOSE: Healthy Families program. | $11,250 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Reid Hospital & Health Care Services Inc has recieved totaling $11,200.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: BIOTERRORISM | | $11,200 |
Endowment Analysis
| Beg. Balance | $165,793 |
| Ending Balance | $165,793 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |
Ascension Providence Hospital St Louis, MO | $465,661,519 | $850,694,127 |
Truman Medical Center Incorporated Kansas City, MO | $489,587,316 | $736,606,337 |