Piedmont Hospital Incorporated
- Assets
- $1.8b
- Revenue
- $1.1b
- Investments
- $3.0m
- Employees
- 4,495
- Location
- Atlanta, GA
- Founding
- 11/1940
- Data as of
- 06/2020
- EIN
- 58-0566213
Organization Overview
Piedmont Hospital Incorporated is located in Atlanta, GA. The organization was established in 1940. 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 06/2020, Piedmont Hospital Incorporated employed 4,495 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Piedmont Hospital Incorporated generated $1.1b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $981.8m during the year ending 06/2020. While expenses have increased by 2.3% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPASSIONATE AND SUSTAINABLE HEALTHCARE IN A PROGRESSIVE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PIEDMONT HOSPITAL ("PH") IS A 643-BED FACILITY THAT HAS BEEN SERVING THE CITY OF ATLANTA IN FULTON COUNTY, GEORGIA, FOR MORE THAN A CENTURY. OVER 1,000 PRIMARY CARE AND SPECIALTY PHYSICIANS ON THE MEDICAL STAFF MEET THE PROFESSIONAL CLINICAL NEEDS OF CHILDREN, ADULTS, AND SENIORS WITHIN THE CITY AND THE GREATER METROPOLITAN ATLANTA MARKET, REGARDLESS OF ANY INDIVIDUAL'S ABILITY TO PAY FOR SERVICES. FOR THE YEAR ENDED JUNE 30, 2020, THE HOSPITAL HAD 25,303 IN-PATIENT ADMISSIONS WITH A TOTAL OF 134,871 DAYS OF IN-PATIENT HOSPITALIZATION. ER VISITS TOTALED 51,953 AND OUTPATIENT VISITS TOTALED 266,696. SURGICAL SERVICES WERE PROVIDED TO 22,461 PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Patrick Battey CEO & Board Member | OfficerTrustee | 54 | $1,102,639 |
Mr Ed Lovern Chief Operating Officer | Officer | 55 | $714,503 |
Dr Mark Cohen Chief Medical Officer | 40 | $613,497 | |
Ms Sheryl Klink Chief Financial Officer | Officer | 55 | $469,408 |
Ms Kelly Hulsey Chief Nursing Officer | 40 | $355,351 | |
Ms Harriet Wells Lead Physicist | 40 | $252,337 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brasfield And Gorrie Llc Construction | 6/29/20 | $138,951,621 |
Medical Solutions Llc Nursing Staffing | 6/29/20 | $8,699,320 |
Neogenomics Laboratories Inc Lab Services | 6/29/20 | $967,964 |
Allied Universal Security Services | 6/29/20 | $878,644 |
Quest Diagnostics Nichols Institute Lab Services | 6/29/20 | $953,435 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,393,396 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,626,145 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,019,541 |
| Total Program Service Revenue | $1,048,997,740 |
| Investment income | $1,585,885 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,141,820 |
| 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 | $1,110,027,803 |
| 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. | $2,299,212 |
| Compensation of current officers, directors, key employees. | $133,124 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $253,234,441 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,781,591 |
| Payroll taxes | $16,300,083 |
| Fees for services: Management | $642,580 |
| Fees for services: Legal | $185,172 |
| 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 | $75,848,231 |
| Advertising and promotion | $3,022,567 |
| Office expenses | $60,796,455 |
| Information technology | $15,967,914 |
| Royalties | $0 |
| Occupancy | $20,330,959 |
| Travel | $320,731 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,689,128 |
| Payments to affiliates | $16,793,832 |
| Depreciation, depletion, and amortization | $32,799,842 |
| Insurance | $5,999,291 |
| All other expenses | $11,089,157 |
| Total functional expenses | $981,789,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,365,221 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $124,733 |
| Accounts receivable, net | $123,827,834 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,332,485 |
| Prepaid expenses and deferred charges | $4,864,324 |
| Net Land, buildings, and equipment | $663,727,114 |
| Investments—publicly traded securities | $864,862,318 |
| Investments—other securities | $2,989,453 |
| Investments—program-related | $0 |
| Intangible assets | $22,259,401 |
| Other assets | $29,196,342 |
| Total assets | $1,763,549,225 |
| Accounts payable and accrued expenses | $201,706,106 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $670,816,426 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $61,575,300 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $95,329,528 |
| Total liabilities | $1,029,427,360 |
| Net assets without donor restrictions | $690,844,883 |
| Net assets with donor restrictions | $43,276,982 |
| 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 | $1,763,549,225 |
Grants Awarded
Over the last fiscal year, Piedmont Hospital Incorporated has awarded $107,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: CMTY BENEFIT | $15,000 |
Atlanta, GA PURPOSE: CMTY BENEFIT | $15,000 |
Atlanta, GA PURPOSE: CMTY BENEFIT | $15,000 |
Atlanta, GA PURPOSE: CMTY BENEFIT | $15,000 |
Atlanta, GA PURPOSE: CMTY BENEFIT | $15,000 |
College Park, GA PURPOSE: CMTY BENEFIT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Piedmont Hospital Incorporated has recieved totaling $181,500.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $150,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: MEDICAL | $10,000 |
The Catholic Foundation Of North Georgia Inc Atlanta, GA PURPOSE: Donor Advised Funds | $10,000 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: GENERAL SUPPORT | $6,500 |
Alabama Power Foundation Inc Birmingham, AL PURPOSE: GENERAL/OPERATING | $5,000 |
Endowment Analysis
| Beg. Balance | $836,464,684 |
| Earnings | $28,946,279 |
| Admin Expense | $598,645 |
| Net Contributions | $50,000 |
| Ending Balance | $864,862,318 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Piedmont Hospital Incorporated Atlanta, GA | $1,763,549,225 | $1,110,027,803 |
Novant Health Inc Winston Salem, NC | $4,524,203,756 | $1,019,396,293 |
Shands Jacksonville Medical Center Inc Jacksonville, FL | $664,920,656 | $872,003,409 |
Lakeland Regional Medical Center Inc Lakeland, FL | $848,882,351 | $905,422,211 |
First Health Of The Carolinas Inc Pinehurst, NC | $1,102,145,516 | $863,866,293 |
Morton Plant Hospital Association Inc Clearwater, FL | $1,199,138,244 | $852,052,211 |
Medical Center Of Central Georgia Inc Macon, GA | $1,263,100,131 | $832,091,905 |
Mountain States Health Alliance Johnson City, TN | $556,120,495 | $805,201,599 |
Mount Sinai Medical Center Of Florida Inc Miami Beach, FL | $1,036,825,508 | $767,922,503 |
Baptist Memorial Hospital Memphis, TN | $691,981,947 | $770,663,628 |
University Community Hospital Inc Tampa, FL | $1,125,458,239 | $761,872,885 |
Tallahassee Memorial Healthcare Inc Tallahassee, FL | $991,316,249 | $705,262,777 |