Richland Memorial Hospital Inc

Organization Overview

Richland Memorial Hospital Inc, operating under the name Carle Richland Memorial Hospital, is located in Olney, IL. The organization was established in 1996. 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, Carle Richland Memorial Hospital employed 508 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carle Richland Memorial Hospital 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 12/2020, Carle Richland Memorial Hospital generated $54.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $60.1m during the year ending 12/2020. While expenses have increased by 2.7% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE EXCELLENT HEALTHCARE, PROMOTE WELLNESS, AND EDUCATE PATIENTS, STAFF, AND THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rural Physicians Group
Staffing
$861,042
Grunloh Construction Inc
Construction
$284,663
Quest Diagnostics
Lab Services
$224,495
Comphealth Inc
Staffing
$184,206
All Star Recruiting Locums
Staffing
$501,798
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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$8,928,295
Investment income $106,097
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $14,441
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $87,832
Miscellaneous Revenue$0
Total Revenue $54,890,414

Grants Awarded

Over the last fiscal year, Richland Memorial Hospital Inc has awarded $210,877 in support to 4 organizations.

Grant RecipientAmount

SOUTH EASTERN SPECIAL EDUCATION

PURPOSE: PROGRAM SERVICES

$184,877

RICHLAND COUNTY DEVELOPMENT CORPORATION

Org PageRecipient Profile

Olney, IL

PURPOSE: PROGRAM SERVICES

$10,000

CITY OF OLNEY

PURPOSE: COMMUNITY IMPROVEMENT

$10,000

RICHLAND COUNTY HIGH SCHOOL

PURPOSE: SPONSORSHIP

$6,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Richland Memorial Hospital Inc has recieved totaling $349,658.

Awarding OrganizationAmount
Illinois Critical Access Hospital Network

Princeton, IL

PURPOSE: 2021 SHIP AND ARP SHIP COVID

$267,811
Carle Development Foundation

Urbana, IL

PURPOSE: COVID-19 SUPPLIES

$65,947
Carle Development Foundation

Urbana, IL

PURPOSE: PATIENT SUPPORT & EDUCATION

$11,897
Sarah E Wallace Trust

Mattoon, IL

PURPOSE: FOR NURSING SERVICES RENDERED TO PERSONS WHO ARE FINANCIALLY DISTRESSED

$4,003
View Grant Recipient Profile

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