Bethesda Hospital Inc
- Assets
- $437.1m
- Revenue
- $384.5m
- Investments
- $0.0
- Employees
- 2,936
- Location
- Boynton Beach, FL
- Founding
- 09/1984
- Data as of
- 09/2021
- EIN
- 59-2447554
Organization Overview
Bethesda Hospital Inc, operating under the name Bethesda Hospital East And West West, is located in Boynton Beach, FL. The organization was established in 1984. 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 09/2021, Bethesda Hospital East And West West employed 2,936 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethesda Hospital East And West West 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 09/2021, Bethesda Hospital East And West West generated $384.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $436.0m during the year ending 09/2021. While expenses have increased by 4.5% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE FORM 990, PART III, LINE 1
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former President | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cross Country Staffing Contracting Staff | 9/29/21 | $4,281,982 |
Moses & Associates Inc Construction Services | 9/29/21 | $1,670,663 |
Florida Atlantic University Clinical Services | 9/29/21 | $4,158,104 |
Cerner Health Services Inc Information System Support | 9/29/21 | $1,733,598 |
Critical Care Assoc Of South Fla Inc Prof Fees-physician Services | 9/29/21 | $2,160,262 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,271,844 |
| Government grants | $750,540 |
| 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 | $2,022,384 |
| Total Program Service Revenue | $377,570,658 |
| Investment income | $105,159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,517,140 |
| Net Gain/Loss on Asset Sales | $234,311 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $384,523,374 |
| 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. | $1,088,993 |
| Compensation of current officers, directors, key employees. | $1,088,993 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,499,648 |
| Pension plan accruals and contributions | $3,922,751 |
| Other employee benefits | $14,877,312 |
| Payroll taxes | $10,504,458 |
| Fees for services: Management | $15,417 |
| Fees for services: Legal | $864,739 |
| Fees for services: Accounting | $40,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,639,798 |
| Advertising and promotion | $2,982,935 |
| Office expenses | $16,825,307 |
| Information technology | $16,692,011 |
| Royalties | $0 |
| Occupancy | $10,250,911 |
| Travel | $7,010 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,584 |
| Interest | $6,833,031 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,344,715 |
| Insurance | $9,375,000 |
| All other expenses | $23,288,413 |
| Total functional expenses | $435,961,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,733 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,839,511 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,541,856 |
| Prepaid expenses and deferred charges | $2,912,478 |
| Net Land, buildings, and equipment | $161,119,105 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $201,510,695 |
| Total assets | $437,055,378 |
| Accounts payable and accrued expenses | $52,868,624 |
| Grants payable | $0 |
| Deferred revenue | $44,089,187 |
| Tax-exempt bond liabilities | $181,771,715 |
| 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 | $48,988,559 |
| Total liabilities | $327,718,085 |
| Net assets without donor restrictions | $78,222,071 |
| Net assets with donor restrictions | $31,115,222 |
| 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 | $437,055,378 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Bethesda Hospital Inc has recieved totaling $151,000.
| Awarding Organization | Amount |
|---|---|
The Mcgue Millhiser Family Trust Richmond, VA PURPOSE: GENERAL USE | $100,000 |
Hamilton Foundation Inc Atlanta, GA PURPOSE: CHARITABLE ASSISTANCE FOR HOSPITAL | $25,000 |
Ina B Bond Ashbourne Charitable Fund Louisville, KY PURPOSE: SUPPORT | $25,000 |
Messinger Family Foundation Inc Stockbridge, MA PURPOSE: GENERAL CHARITABLE OR EDUCATIONAL PURPOSES | $1,000 |
Endowment Analysis
| Beg. Balance | $26,826,958 |
| Earnings | $5,210,245 |
| Other Expense | $284,466 |
| Ending Balance | $31,752,737 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Community Hospital Inc Tampa, FL | $1,235,213,568 | $915,701,443 |
Morton Plant Hospital Association Inc Clearwater, FL | $1,389,589,934 | $934,836,650 |
Mount Sinai Medical Center Of Florida Inc Miami Beach, FL | $992,427,664 | $901,856,611 |
Shands Jacksonville Medical Center Inc Jacksonville, FL | $750,537,278 | $894,366,475 |
Lakeland Regional Medical Center Inc Lakeland, FL | $799,528,886 | $860,757,084 |
Tallahassee Memorial Healthcare Inc Tallahassee, FL | $1,130,180,703 | $783,859,263 |
Baptist Hospital Inc Pensacola, FL | $1,048,797,666 | $758,112,762 |
Medical Center Of Central Georgia Inc Macon, GA | $1,397,526,718 | $800,413,800 |
Holmes Regional Medical Center Rockledge, FL | $903,830,612 | $776,752,725 |
Phoebe Putney Memorial Hospital Inc Albany, GA | $729,879,818 | $712,342,689 |
Cobb Hospital Marietta, GA | $403,732,052 | $857,038,951 |
South Miami Hospital Inc Miami, FL | $413,367,432 | $763,720,505 |