Swisher Memorial Healthcare System
- Assets
- $11.2m
- Revenue
- $14.6m
- Investments
- $0.0
- Employees
- 99
- Location
- Tulia, TX
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 45-2230827
Organization Overview
Swisher Memorial Healthcare System is located in Tulia, TX. The organization was established in 2014. 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 12/2023, Swisher Memorial Healthcare System employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swisher Memorial Healthcare System 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, Swisher Memorial Healthcare System generated $14.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $12.3m during the year ending 12/2021. While expenses have increased by 3.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY HEALTHCARE TO THE CITIZENS OF SWISHER COUNTY AND THE SURROUNDING AREAS.
Describe the Organization's Program Activity:
PROVIDED ACCESSIBLE AND QUALITY HEALTHCARE SERVICES TO THE CITIZENS OF SWISHER COUNTY AND THE SURROUNDING AREAS. THE HOSPITAL HAD 20,845 ENCOUNTERS - 11,772 CLINIC, 2,044 ER, 94 INPATIENT, 6,885 OUTPATIENT, 50 SWING BED, 9 ASSISTED LIVING; 0 SURGERIES; 278 INPATIENT DAYS; 502 SWING BED DAYS. IN 2022, SWISHER MEMORIAL CONTINUED TO OFFER CHIROPRACTIC SERVICES ONCE A WEEK. THE MEDICAL ADVICE LINE THAT IS AVAILABLE 24/7 TO OUR PATIENTS AND COMMUNITY IS STILL RUNNING SMOOTHLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis King Physician | 40 | $239,744 | |
Cynthia Archer Physician Assistant | 40 | $200,440 | |
Kara Dyer Physical Therapist | 40 | $177,948 | |
Scott Dyer Physical Therapy Director | 40 | $170,594 | |
Kelly Maxwell Cno | Officer | 40 | $157,059 |
Luke Brewer CEO | Officer | 40 | $164,994 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Corporation Ehr Services | 12/30/22 | $281,670 |
Forvis Llp Accounting Services | 12/30/22 | $144,715 |
Concord Medical Health Care | 12/30/22 | $588,481 |
Flint Medical Health Care | 12/30/22 | $339,245 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,575,096 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,575,096 |
| Total Program Service Revenue | $11,911,938 |
| Investment income | $237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,608,197 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,078 |
| 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. | $564,136 |
| Compensation of current officers, directors, key employees. | $282,068 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,638,510 |
| Pension plan accruals and contributions | $144,550 |
| Other employee benefits | $664,884 |
| Payroll taxes | $311,652 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $186 |
| Fees for services: Accounting | $137,761 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,674,794 |
| Advertising and promotion | $15,649 |
| Office expenses | $193,491 |
| Information technology | $251,242 |
| Royalties | $0 |
| Occupancy | $1,075,740 |
| Travel | $1,065 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,110 |
| Interest | $31,473 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $289,564 |
| Insurance | $75,696 |
| All other expenses | $57,783 |
| Total functional expenses | $12,270,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,429,989 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,219,938 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $276,933 |
| Prepaid expenses and deferred charges | $58,185 |
| Net Land, buildings, and equipment | $1,513,698 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $671,602 |
| Total assets | $11,170,345 |
| Accounts payable and accrued expenses | $643,079 |
| Grants payable | $0 |
| Deferred revenue | $410,863 |
| 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 | $286,646 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $687,133 |
| Total liabilities | $2,027,721 |
| Net assets without donor restrictions | $9,142,624 |
| 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 | $11,170,345 |