Harnett Health System Inc
- Assets
- $108.1m
- Revenue
- $126.3m
- Investments
- $5.7m
- Employees
- 1,245
- Location
- Dunn, NC
- Founding
- 07/1941
- Data as of
- 09/2022
- EIN
- 56-0603898
Organization Overview
Harnett Health System Inc, operating under the name Betsy Johnson Regional Hospital, is located in Dunn, NC. The organization was established in 1941. 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 09/2022, Betsy Johnson Regional Hospital employed 1,245 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Betsy Johnson Regional 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 09/2022, Betsy Johnson Regional Hospital generated $126.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $131.5m during the year ending 09/2022. While expenses have increased by 4.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HARNETT HEALTH IS COMMITTED TO PROVIDING QUALITY HEALTHCARE TO THE RESIDENTS OF HARNETT COUNTY AND SURROUNDING COMMUNITIES. WE ARE A PRIVATE, NOT-FOR-PROFIT HEALTHCARE ORGANIZATION BASED IN HARNETT COUNTY, N.C.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS PART OF MEETING HEALTH CARE NEEDS OF THE SERVICE AREA, HHS, INC. ADMITTED 5,135 PATIENTS, PROVIDING 23,739 PATIENT DAYS OF CARE, HAD 51,128 EMERGENCY ROOM VISITS AND HAD OVER 55,000 OUTPATIENT VISITS FOR OTHER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Massey Chairman | OfficerTrustee | 4 | $0 |
Gene Lewis Treasurer | OfficerTrustee | 2 | $0 |
Neil Emory Vice Chairman | OfficerTrustee | 2 | $0 |
Mike Nagowski Board Member | OfficerTrustee | 2 | $0 |
Terrill Brown DPM Board Member | OfficerTrustee | 2 | $0 |
Dr Bradley Creed Board Member | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Llc Staffing | 9/29/22 | $2,031,852 |
Trustaff Staffing | 9/29/22 | $893,644 |
Concordance Healthcare Solutions Medical Supplies | 9/29/22 | $2,819,177 |
Sightpath Medical Llc Opthalmic Surgical Equipment | 9/29/22 | $501,657 |
Flagship Dunn Llc Rent | 9/29/22 | $478,660 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,030,366 |
| All other contributions, gifts, grants, and similar amounts not included above | $618,847 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,649,213 |
| Total Program Service Revenue | $121,928,216 |
| Investment income | $91,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $347,236 |
| 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 | $126,309,865 |
| 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. | $763,571 |
| Compensation of current officers, directors, key employees. | $114,536 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,813,539 |
| Pension plan accruals and contributions | $851,166 |
| Other employee benefits | $6,064,489 |
| Payroll taxes | $3,954,588 |
| Fees for services: Management | $1,539,745 |
| Fees for services: Legal | $178,639 |
| 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 | $6,709,866 |
| Advertising and promotion | $462,102 |
| Office expenses | $1,496,936 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,924,928 |
| Travel | $77,580 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,625,336 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,907,847 |
| Insurance | $2,299,646 |
| All other expenses | $6,383,637 |
| Total functional expenses | $131,517,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,988,700 |
| Savings and temporary cash investments | $4,245,255 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,696,422 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,238 |
| Inventories for sale or use | $2,612,115 |
| Prepaid expenses and deferred charges | $716,690 |
| Net Land, buildings, and equipment | $60,401,622 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,705,410 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,699,595 |
| Total assets | $108,068,047 |
| Accounts payable and accrued expenses | $14,489,147 |
| Grants payable | $0 |
| Deferred revenue | $192,667 |
| 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 | $70,905,405 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,045,156 |
| Total liabilities | $96,632,375 |
| Net assets without donor restrictions | $5,730,262 |
| Net assets with donor restrictions | $5,705,410 |
| 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 | $108,068,047 |