Margaret Mary Community Hospital Inc
- Assets
- $200.6m
- Revenue
- $130.1m
- Investments
- $0.0
- Employees
- 953
- Location
- Batesville, IN
- Founding
- 06/1967
- Data as of
- 12/2021
- EIN
- 35-6067049
Organization Overview
Margaret Mary Community Hospital Inc, operating under the name Margaret Mary Health, is located in Batesville, IN. The organization was established in 1967. 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, Margaret Mary Health employed 953 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Margaret Mary 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 12/2021, Margaret Mary Health generated $130.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $120.2m during the year ending 12/2021. While expenses have increased by 5.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE HEALTH OF THE COMMUNITIES IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE SERVICES RELATED TO IMPROVING THE HEALTH OF THE COMMUNITY FOR BOTH INPATIENT AND OUTPATIENT PROGRAMS.
SUBSIDIZED HEALTH SERVICES - 67,268 INDIVIDUALS RECEIVED BENEFITS FROM OUR HOSPITAL OWNED OUTPATIENT SERVICES. THIS INCLUDES OSGOOD PHYSICIAN PRACTICE LOCATED IN A RURAL AREA AND IS ALSO LOCATED IN A MEDICALLY UNDERSERVED AREA.
COMMUNITY HEALTH SERVICES - 252,770 INDIVIDUALS PARTICIPATED IN SERVICES AND PROGRAMS SUCH AS CANCER SCREENINGS, CPR AND AED TRAINING, DIABETES CARE, FLU CLINICS, NUTRITION CLASSES, SMOKING CESSATION SUPPORT, BLOOD PRESSURE AND THYROID SCREENINGS, WOMEN'S HEALTH EVENTS, OSTEOPOROSIS SCREENINGS, WELLNESS SCREENINGS, EMERGENCY PREPAREDNESS, AND HEALTH INSURANCE ENROLLMENT AND REFERRALS.
FINANCIAL AND IN-KIND CONTRIBUTIONS 1,531 INDIVIDUALS RECEIVED BENEFITS FROM OUR EMS AND PARAMEDIC TRAINING AND SUBSIDY PROGRAMS. MMH SUBSIDIZES A PORTION OF THE RIPLEY COUNTY PARAMEDIC/EMS DIRECTOR'S SALARY. MMH ALSO COORDINATES AND SUBSIDIZES TRAINING FOR THE 4 RIPLEY COUNTY SQUADS LOCATED IN VERSAILLES, SUNMAN, MILAN, AND BATESVILLE. IN ADDITION, VARIOUS MMH TEAM MEMBERS SERVE ON NUMEROUS COMMUNITY BOARDS INCLUDING MARCH OF DIMES, RELAY FOR LIFE, AND THE BATESVILLE COORDINATED SCHOOL HEALTH BOARD.OTHER PROGRAMS AND SERVICES 259 INDIVIDUALS PARTICIPATED IN ADDITIONAL PROGRAMS AND SERVICES PROVIDED BY MMH, INCLUDING CAREER AND WORKFORCE DEVELOPMENT FOR PHYSICIAN, NURSING, AND OTHER MEDICAL STUDENTS THROUGH OUR MENTORING PROGRAMS AND CAREER FAIRS. MMH IS INVOLVED IN CLINICAL RESEARCH AT THE HANSEN CENTER, A CANCER TREATMENT CENTER OWNED AND OPERATED BY MMH IN BATESVILLE. MMH CONTINUALLY ASSESS COMMUNITY NEEDS AND HEALTH ISSUES TO ADDRESS NEEDS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Maggio Physician | 40 | $695,369 | |
Jeffrey Hatcher MD Physician | 40 | $633,138 | |
Timothy Putnam President-Term Ended Aug'21 | OfficerTrustee | 40 | $578,689 |
Paul Jarvis MD Physician | 40 | $566,048 | |
Jon Geers MD Physician | 40 | $498,481 | |
John Gryspeerdt MD Member/chief Of Staff | Trustee | 40 | $470,502 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rural Physicians Medical Group Professional Services - Physicians | 12/30/21 | $798,000 |
Trimedx Clinical Equipment Maintenance | 12/30/21 | $1,160,276 |
The Christ Hospital Professional Services - Physicians | 12/30/21 | $556,251 |
Kpm-edllc Er Physician Staffing Service | 12/30/21 | $2,505,742 |
Orthopaedic Surgical Care Institute Professional Services - Physicians | 12/30/21 | $954,614 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $15,969 |
| Government grants | $2,075,164 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,166,133 |
| Total Program Service Revenue | $119,593,147 |
| Investment income | $3,737,939 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $133,559 |
| Net Gain/Loss on Asset Sales | $1,851,184 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,077,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $292,064 |
| Grants and other assistance to domestic individuals. | $22,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,729,095 |
| Compensation of current officers, directors, key employees. | $603,699 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,282,125 |
| Pension plan accruals and contributions | $1,720,210 |
| Other employee benefits | $8,778,441 |
| Payroll taxes | $3,418,776 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $330,637 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,545,397 |
| Advertising and promotion | $637,263 |
| Office expenses | $1,107,709 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,830,497 |
| Travel | $177,156 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $182,454 |
| Interest | $766,928 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,695,275 |
| Insurance | $775,952 |
| All other expenses | $4,657,774 |
| Total functional expenses | $120,176,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,802,841 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,579,943 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,305,709 |
| Prepaid expenses and deferred charges | $2,281,592 |
| Net Land, buildings, and equipment | $52,347,882 |
| Investments—publicly traded securities | $118,415,383 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $884,829 |
| Total assets | $200,618,179 |
| Accounts payable and accrued expenses | $17,874,308 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $16,934,291 |
| 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 | $979,966 |
| Other liabilities | $16,269,472 |
| Total liabilities | $52,058,037 |
| Net assets without donor restrictions | $148,431,143 |
| Net assets with donor restrictions | $128,999 |
| 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 | $200,618,179 |
Grants Awarded
Over the last fiscal year, Margaret Mary Community Hospital Inc has awarded $426,696 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Batesville, IN PURPOSE: IN-KIND EXPENSES PAID TO ASSIST THE FOUNDATION. | $292,621 |
CITY OF BATESVILLE PURPOSE: LAND DONATED FOR DEVELOPMENT OF CITY PARK | $134,075 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Margaret Mary Community Hospital Inc has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Endowment Analysis
| Beg. Balance | $102,459,356 |
| Earnings | $15,387,588 |
| Net Contributions | $18,079 |
| Other Expense | $12,649 |
| Ending Balance | $117,852,374 |
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 |