Holmes Regional Medical Center
- Assets
- $836.0m
- Revenue
- $676.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Rockledge, FL
- Founding
- 09/1945
- Data as of
- 09/2020
- EIN
- 59-0624371
Organization Overview
Holmes Regional Medical Center is located in Rockledge, FL. The organization was established in 1945. 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.
For the year ending 09/2020, Holmes Regional Medical Center generated $676.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $649.8m during the year ending 09/2020. While expenses have increased by 3.8% 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.
Since 2015, Holmes Regional Medical Center has awarded 34 individual grants totaling $7,903,807. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OUR TEAM IMPROVING THE WELLNESS AND HEALTH OF YOU AND YOUR FAMILY THROUGH EXCELLENT AND COMPASSIONATE HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLMES REGIONAL MEDICAL CENTER (HRMC) FEATURES 550 ACUTE BEDS, 10 NICU, AND MORE THAN 669 HIGHLY SKILLED MEDICAL STAFF MEMBERS. AS THE REGION'S PREMIER TERTIARY REFERRAL HOSPITAL, HRMC OFFERS ALL PATIENTS CUTTING-EDGE LIFE-SAVING TECHNOLOGY.THE HEART CENTER AT HRMC OFFERS COMPREHENSIVE CARDIAC SERVICES AND PERFORMS MORE CARDIAC PROCEDURES THAN ALL OTHER HOSPITALS IN BREVARD COUNTY. AS THE ONLY STATE-ACCREDITED LEVEL II TRAUMA CENTER SERVICING BREVARD AND INDIAN RIVER COUNTIES, HRMC'S TRAUMA CENTER OFFERS 24/7 TRAUMA CARE AND RAPID PATIENT TRANSPORT VIA FIRST FLIGHT, A HEALTH FIRST OPERATED AERO-MEDICAL HELICOPTER. ADDITIONALLY, THE BIRTH SUITES AT HRMC INCLUDES BREVARD'S FIRST LEVEL II NEONATAL ICU FOR NEWBORNS WITH MEDICAL CONDITIONS REQUIRING INTENSIVE CARE.HRMC IS ALSO THE FIRST HOSPITAL IN BREVARD TO OFFER STATE-OF-THE-ART ROBOTICS-ASSISTED SURGERY FOR CARDIOTHORACIC, GENERAL SURGERY, UROLOGY, AND GYNECOLOGICAL PROCEDURES. AS A PRIMARY STROKE CENTER, HRMC OFFERS LIFE-CHANGING INTERVENTIONAL NEURO-RADIOLOGY SERVICES FOR ADVANCED STROKE TREATMENT.PALM BAY HOSPITAL (PBH) FEATURES 120 ACUTE BEDS, AND 413 HIGHLY SKILLED PHYSICIANS. FOCUSED ON INNOVATIVE TECHNOLOGY, PBH OFFERS PATIENTS EXTENSIVE DIGITAL DIAGNOSTIC RADIOLOGY INCLUDING DIGITAL MAMMOGRAPHY, X-RAY, MRI, CT, ULTRASOUND, NUCLEAR MEDICINE, DIAGNOSTIC CARDIAC CATHETERIZATION, PCI PROCEDURES, TELE STROKE AND TELE RADIOLOGY. PBH ALSO OFFERS A FULL SPECTRUM OF HEALTHCARE SERVICES, INCLUDING CARDIOPULMONARY, SURGERY, REHABILITATION, INTENSIVE CARE, EMERGENCY AND ENDOSCOPY SERVICES.HRMC AND PBH PROVIDE HIGH-QUALITY MEDICAL SERVICES TO THE COMMUNITY OF BREVARD COUNTY REGARDLESS OF RACE, CREED, GENDER, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES AND FURTHER, THAT OUR MISSION IS TO SERVE THE COMMUNITY WITH RESPECT TO PROVIDING HEALTHCARE SERVICES AND HEALTHCARE EDUCATION SUCH AS "HEALTHY HAPPENINGS" SEMINAR AND SUPPORT GROUPS FOR THE PUBLIC.IN KEEPING WITH THE HOSPITAL'S COMMITMENT, TO SERVE ALL MEMBERS OF ITS COMMUNITY:(1) FREE CARE AND/OR SUBSIDIZED CARE IS PROVIDED WHERE THE NEED AND/OR INABILITY TO PAY EXISTS(2) CARE IS PROVIDED AT BELOW COST TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS(3) FREE HEALTHCARE ACTIVITIES AND PROGRAMS ARE PROVIDED TO THE COMMUNITY. THESE ACTIVITIES INCLUDE WELLNESS PROGRAMS, COMMUNITY EDUCATION PROGRAMS, SPECIAL PROGRAMS FOR ELDERLY, HANDICAPPED, AND MENTALLY UNDERSERVED ALONG WITH A VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James S Mitchell III Exec VP COO Hfi | OfficerTrustee | 8 | $0 |
Steven P Johnson President/ceo Hfi | OfficerTrustee | 8 | $0 |
Taylor K Smith Treasurer | OfficerTrustee | 1 | $0 |
Pamela A Gatto Chair | OfficerTrustee | 1 | $0 |
Robert K Henry Secretary | OfficerTrustee | 1 | $0 |
John F Breitfeller Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,917,862 |
| Government grants | $12,117,745 |
| 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 | $15,035,607 |
| Total Program Service Revenue | $656,340,397 |
| Investment income | $1,995,519 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,042,601 |
| 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 | $676,432,078 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,054,413 |
| 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. | $1,041,600 |
| Compensation of current officers, directors, key employees. | $1,041,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,811,651 |
| Pension plan accruals and contributions | $3,900,770 |
| Other employee benefits | $48,269,845 |
| Payroll taxes | $16,042,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $779,571 |
| Fees for services: Accounting | $267,203 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,982,226 |
| Advertising and promotion | $1,160,011 |
| Office expenses | $9,940,824 |
| Information technology | $22,262,980 |
| Royalties | $0 |
| Occupancy | $11,525,017 |
| Travel | $158,255 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,993 |
| Interest | $7,965,810 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,085,384 |
| Insurance | $5,103,383 |
| All other expenses | $37,850,025 |
| Total functional expenses | $649,829,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,568,050 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $220,301 |
| Accounts receivable, net | $84,309,173 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,962,022 |
| Prepaid expenses and deferred charges | $3,735,452 |
| Net Land, buildings, and equipment | $288,761,366 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $114,787,623 |
| Intangible assets | $4,343,482 |
| Other assets | $12,346,007 |
| Total assets | $836,033,476 |
| Accounts payable and accrued expenses | $32,975,665 |
| Grants payable | $0 |
| Deferred revenue | $44,222 |
| Tax-exempt bond liabilities | $154,635,869 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $26,720,640 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $114,940,488 |
| Total liabilities | $329,316,884 |
| Net assets without donor restrictions | $504,508,585 |
| Net assets with donor restrictions | $2,208,007 |
| 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 | $836,033,476 |
Grants Awarded
Over the last fiscal year, Holmes Regional Medical Center has awarded $1,976,907 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BREVARD COUNTY GOVERNMENT (BREVARD COUNTY BOARD OF COUNTY COMMISSIONERS) PURPOSE: Financial assistance - Low Income Program, Brevard Health Alliance, and Family by Fit | $1,602,289 |
West Melbourne, FL PURPOSE: Financial assistance to further advance the goals and mission of Brevard Health Alliance | $325,191 |
SCHOOL BOARD OF BREVARD COUNTY PURPOSE: General Support | $10,002 |
WHO WE PLAY FOR PURPOSE: Grant - Heart Screening of Students | $10,000 |
Cocoa, FL PURPOSE: General Support | $10,000 |
Rockledge, FL PURPOSE: General Support | $8,750 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Holmes Regional Medical Center has recieved totaling $672,396.
| Awarding Organization | Amount |
|---|---|
Health First Inc Rockledge, FL PURPOSE: Special Projects and Patient Care | $672,396 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Piedmont Hospital Incorporated Atlanta, GA | $1,763,549,225 | $1,110,027,803 |
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 |
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 |
Mount Sinai Medical Center Of Florida Inc Miami Beach, FL | $1,036,825,508 | $767,922,503 |
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 |
Holmes Regional Medical Center Rockledge, FL | $836,033,476 | $676,432,078 |
Baptist Hospital Inc Pensacola, FL | $424,581,073 | $637,271,785 |
Cobb Hospital Marietta, GA | $377,533,901 | $772,795,328 |
South Miami Hospital Inc Miami, FL | $328,157,202 | $674,336,307 |