Murphy Medical Center Inc
- Assets
- $51.1m
- Revenue
- $61.0m
- Investments
- $0.0
- Employees
- 511
- Location
- Murphy, NC
- Founding
- 02/1994
- Data as of
- 06/2022
- EIN
- 56-1844262
Organization Overview
Murphy Medical Center Inc is located in Murphy, NC. The organization was established in 1994. 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 06/2022, Murphy Medical Center Inc employed 511 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Murphy Medical Center Inc 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 06/2022, Murphy Medical Center Inc generated $61.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $65.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. 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
PROVIDING MEDICAL CARE TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF ERLANGER WESTERN CAROLINA HOSPITAL, INC. IS TO COMPASSIONATELY CARE FOR THE RESIDENTS OF MURPHY, NC AND SURROUNDING COMMUNITIES. DURING FISCAL YEAR 6/30/22, THE ORGANIZATION PROVIDED 5,300 INPATIENT DAYS, 26,125 OUTPATIENT VISITS, 11,085 URGENT CARE CENTER VISITS, AND RESPONDED TO 13,533 EMERGENCY ROOM VISITS, AND 54,707 OTHER PHYSICIAN PRACTICES (EXCLUDING URGENT CARE).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Coleman Board Chair | Trustee | 1 | $0 |
Sheila Boyington Board Vice-Chair | Trustee | 1 | $0 |
Vicky Gregg Board Secretary | Trustee | 1 | $0 |
William Jackson MD Board Member, CEO Of Erlanger | Trustee | 1 | $0 |
Lynn Dejaco Board Member, CFO Of Erlanger | Trustee | 1 | $0 |
Robert Maloney Board Member, COO Of Erlanger | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
340b Link Llc Pharmacy Network Link Fees | 6/29/22 | $290,729 |
Laboratory Corp Of America Holdings Lab Fees | 6/29/22 | $275,827 |
Doris Carrizales Purvis Physician Services | 6/29/22 | $388,980 |
Murphy Emergency Physicians Pllc Physician Services | 6/29/22 | $859,701 |
The Johnson Group Marketing Fees | 6/29/22 | $168,937 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,283 |
| Total Program Service Revenue | $59,877,783 |
| Investment income | $573,204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,224 |
| Net Gain/Loss on Asset Sales | $128,772 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,063 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,971,204 |
| 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. | $501,367 |
| Compensation of current officers, directors, key employees. | $247,418 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,398,150 |
| Pension plan accruals and contributions | $804,036 |
| Other employee benefits | $2,736,135 |
| Payroll taxes | $1,644,724 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,693 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $5,589 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,962 |
| Fees for services: Other | $7,871,253 |
| Advertising and promotion | $144,055 |
| Office expenses | $64,620 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $661,586 |
| Travel | $67,221 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $95,877 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,449,295 |
| Insurance | $268,082 |
| All other expenses | $970,960 |
| Total functional expenses | $65,233,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,080,165 |
| Savings and temporary cash investments | $30,564,444 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,273,804 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,366,345 |
| Prepaid expenses and deferred charges | $351,972 |
| Net Land, buildings, and equipment | $4,677,835 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,760,562 |
| Total assets | $51,075,127 |
| Accounts payable and accrued expenses | $7,512,533 |
| Grants payable | $0 |
| Deferred revenue | $3,332,035 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,520,149 |
| Total liabilities | $42,364,717 |
| Net assets without donor restrictions | $8,700,071 |
| Net assets with donor restrictions | $10,339 |
| 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 | $51,075,127 |