Floyd Health Care Foundation Inc Floyd Medical Center
- Assets
- $3.4m
- Revenue
- $619.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Rome, GA
- Founding
- 11/1979
- Data as of
- 12/2021
- EIN
- 58-1375074
Organization Overview
Floyd Health Care Foundation Inc Floyd Medical Center is located in Rome, GA. The organization was established in 1979. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Floyd Health Care Foundation Inc Floyd Medical Center 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, Floyd Health Care Foundation Inc Floyd Medical Center generated $619.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $401.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Floyd Health Care Foundation Inc Floyd Medical Center has awarded 15 individual grants totaling $3,337,675. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING FOR 501(C)(3)HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S FOCUS IS ON THE FUTURE-TEEN PREGNANCY PREVENTION, SMOKING CESSATION, COMMUNITY HOSPICE CARE, KIKI'S KIDS CAMP-CAMP ACTIVITIES AND EDUCATION FOR CHILDREN WITH DIABETES, CANCER AWARENESS EVENT, DIABETES COUNCIL OF NORTHWEST GEORGIA, NICU CAMPAIGN, AND SPIRIT SPECIAL PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Hardeman Treasurer | OfficerTrustee | 1 | $0 |
Mary Helen Heaner Chair | OfficerTrustee | 1 | $0 |
Kathleen Temple Secretary | OfficerTrustee | 1 | $0 |
Clarice Cable Interim CFO | Officer | 1 | $0 |
Kurt Stuenkel Hosp CEO | Officer | 1 | $0 |
Lauren Adams Foundation D | Officer | 40 | $0 |
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 | $423,974 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $423,974 |
| Total Program Service Revenue | $0 |
| Investment income | $41,638 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $154,106 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $619,718 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $293,804 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $76,564 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,803 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,005 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $185 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $10,723 |
| Total functional expenses | $401,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,167,066 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,279,091 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5 |
| Total assets | $3,446,162 |
| Accounts payable and accrued expenses | $391 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $391 |
| Net assets without donor restrictions | $1,140,836 |
| Net assets with donor restrictions | $2,304,935 |
| 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 | $3,446,162 |
Grants Awarded
Over the last fiscal year, Floyd Health Care Foundation Inc Floyd Medical Center has awarded $452,654 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Rome, GA PURPOSE: OPERATIONS | $420,804 |
Rome, GA PURPOSE: HOSPICE OPERATIONS | $31,850 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Floyd Health Care Foundation Inc Floyd Medical Center has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $2,160,648 |
| Earnings | $106,056 |
| Net Contributions | $347,409 |
| Other Expense | $309,688 |
| Ending Balance | $2,304,425 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cumberland Medical Center Inc Knoxville, TN | $90,595,447 | $102,035,662 |
Wellstar Atlanta Medical Center Inc Marietta, GA | $0 | $67,312,967 |
Russell Hospital Corporation Alexander City, AL | $200,974,308 | $111,392,517 |
Roper St Francis Mount Pleasant Hospital Ladson, SC | $153,353,637 | $99,781,378 |
Mariners Hospital Inc Tavernier, FL | $48,033,960 | $113,328,759 |
Randolph Hospital Inc Asheboro, NC | $0 | $81,442,252 |
Medical Park Hospital Llc Winston Salem, NC | $421,344,895 | $99,381,324 |
Nmc Services Inc Springfield, TN | $98,763,260 | $80,174,862 |
Baptist Medical Center Of Nassau I Nc Jacksonville, FL | $163,233,479 | $82,875,770 |
Murphy Medical Center Inc Murphy, NC | $53,187,250 | $64,166,797 |
Mcleod Health Clarendon Florence, SC | $34,703,009 | $59,352,245 |
Sweetwater Hospital Association Sweetwater, TN | $100,982,739 | $59,985,704 |