Sparrow Eaton Hospital
- Assets
- $120.2m
- Revenue
- $72.9m
- Investments
- $0.0
- Employees
- 540
- Location
- Charlotte, MI
- Founding
- 10/1944
- Data as of
- 12/2021
- EIN
- 38-2007629
Organization Overview
Sparrow Eaton Hospital, operating under the name Hayes Green Beach Memorial Hospital, is located in Charlotte, MI. The organization was established in 1944. 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, Hayes Green Beach Memorial Hospital employed 540 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hayes Green Beach 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 12/2021, Hayes Green Beach Memorial Hospital generated $72.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $60.9m during the year ending 12/2021. While expenses have increased by 2.5% 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
SPARROW EATON HOSPITAL PROVIDES NEEDED MEDICAL CARE TO THE COMMUNITY REGARDLESS OF THE INDIVIDUALS ABILITY TO PAY. THESE SERVICES ARE PROVIDED TO HOSPITAL INPATIENTS AND OUTPATIENTS IN ADDITION TO 24 HOUR EMERGENCY ROOM AND AMBULANCE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INPATIENT CARE OFFERS INPATIENT ACUTE CARE SERVICES WITH ADMISSIONS OF 736 PATIENTS PROVIDING 2,339 DAYS OF CARE.
OUTPATIENT CARE INCLUDES LABORATORY, RADIOLOGY, REHAB, RESPIRATORY THERAPY, URGENT CARE, AND 24 HOUR EMERGENCY CARE. THESE INCLUDED 14,288 EMERGENCY ROOM VISITS, 12,628 URGENT CARE VISITS, 40,513 RADIOLOGY PROCEDURES, 259,897 LABORATORY TESTS, AND 67,192 THERAPY PROCEDURES. IN ADDITION, 4,432 AMBULANCE RUNS WERE PROVIDED.
PHYSICIAN PRACTICE VISITS OF 62,505 WERE PROVIDED IN FAMILY PRACTICE, INTERNAL MEDICINE, ORTHOPEDICS, GENERAL SURGERY, ONMM AND PAIN MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Doman Physician | 40 | $824,288 | |
Jeremy Pascotto Physician | 40 | $766,902 | |
Scot Randall Physician | 40 | $544,403 | |
Kimberly Friar Physician | 40 | $524,767 | |
Debbie Hallak Physician | 40 | $480,165 | |
Helen Johnson President | OfficerTrustee | 40 | $254,733 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
William R Truluck Ii Do Pllc Ortho Physician | 12/30/21 | $180,000 |
Epmg Of Michigan Pc Ed Physician | 12/30/21 | $834,123 |
Akg-hgb Inc Patient Care | 12/30/21 | $301,308 |
Lansing Surgical Associates Surgical | 12/30/21 | $411,933 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $97,315 |
| All other contributions, gifts, grants, and similar amounts not included above | $76 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,391 |
| Total Program Service Revenue | $65,763,347 |
| Investment income | $3,283,544 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $329,495 |
| Net Gain/Loss on Asset Sales | $81,171 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,946,603 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $280,546 |
| Compensation of current officers, directors, key employees. | $280,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,227,653 |
| Pension plan accruals and contributions | $1,236,559 |
| Other employee benefits | $2,521,158 |
| Payroll taxes | $1,613,884 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $105,526 |
| Fees for services: Other | $0 |
| Advertising and promotion | $84,539 |
| Office expenses | $92,218 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,821,037 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $147,832 |
| Interest | $1,476,883 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,150,219 |
| Insurance | $312,195 |
| All other expenses | $727,978 |
| Total functional expenses | $60,888,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,440,818 |
| Savings and temporary cash investments | $4,869,809 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,339,055 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,973,399 |
| Inventories for sale or use | $904,171 |
| Prepaid expenses and deferred charges | $1,372,884 |
| Net Land, buildings, and equipment | $42,657,106 |
| Investments—publicly traded securities | $33,495,999 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,103,204 |
| Total assets | $120,156,445 |
| Accounts payable and accrued expenses | $12,743,852 |
| 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 | $33,738,467 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,238,597 |
| Total liabilities | $47,720,916 |
| Net assets without donor restrictions | $72,139,780 |
| Net assets with donor restrictions | $295,749 |
| 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 | $120,156,445 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Sparrow Eaton Hospital has recieved totaling $32,446.
| Awarding Organization | Amount |
|---|---|
Fitch H Beach Charitable Foundation Trust Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $32,176 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $70 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $70 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $70 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $60 |
Endowment Analysis
| Beg. Balance | $5,606,321 |
| Earnings | $129,658 |
| Net Contributions | $561,053 |
| Ending Balance | $6,297,032 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton - Kings Daughters Health Inc Madison, IN | $327,672,291 | $141,257,726 |
Wood County Hospital Assn Bowling Green, OH | $236,887,243 | $125,669,234 |
Margaret Mary Community Hospital Inc Batesville, IN | $200,618,179 | $130,077,852 |
Mymichigan Medical Center Sault Sault Ste Marie, MI | $104,046,577 | $126,853,788 |
Shelby County Memorial Hospital Association Inc Sidney, OH | $171,819,264 | $129,965,258 |
St Nicholas Hospital Of The Hospita Sisters Of The Third Order Of St F Sheboygan, WI | $160,864,409 | $138,043,178 |
Beaver Dam Community Hospitals Inc Beaver Dam, WI | $193,989,750 | $109,285,462 |
Emma L Bixby Medical Center Toledo, OH | $214,732,301 | $139,202,852 |
Prohealth Oconomowoc Memorial Hospital Inc Oconomowoc, WI | $128,184,799 | $110,175,380 |
Southeastern Ohio Regional Medical Center Inc Cambridge, OH | $103,375,834 | $115,994,733 |
Munson Healthcare Otsego Memorial Hospital Gaylord, MI | $125,430,745 | $117,986,208 |
The Union Hospital Association Independence, OH | $196,450,752 | $107,783,506 |