Community Health Corporation
- Assets
- $20.3m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 05/1987
- Data as of
- 12/2023
- EIN
- 59-2716436
Organization Overview
Community Health Corporation is located in Sarasota, FL. The organization was established in 1987. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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. Community Health Corporation 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 12/2023, Community Health Corporation generated $12.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $12.0m during the year ending 12/2023. While expenses have increased by 5.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY HEALTH CORPORATION (CHC) IS A NONPROFIT ORGANIZATION FORMED TO OPERATE, MANAGE, AND OWN HEALTH FACILITIES AND TO FURTHER THE INTERESTS OF SARASOTA COUNTY PUBLIC HOSPITAL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAUNDRY SERVICE
PURCHASING AND SERVICES JOINT VENTURES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles R Baumann Chairman | OfficerTrustee | 2 | $0 |
Jeff Limbocker President | OfficerTrustee | 2 | $0 |
Sarah Lodge Secretary/treasurer | OfficerTrustee | 2 | $0 |
Deb Kabinoff Director | Trustee | 2 | $0 |
Marilynn Lee Director | Trustee | 2 | $0 |
Larry R Thompson JD Director | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,959,759 |
| Investment income | $307,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$8,307 |
| 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 | $12,421,468 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,856,811 |
| 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 | $500 |
| Fees for services: Legal | $3,573 |
| Fees for services: Accounting | $49,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $325 |
| Office expenses | $4,312 |
| 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 | $1,252 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,168 |
| All other expenses | $5,094,682 |
| Total functional expenses | $12,023,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $838,528 |
| Savings and temporary cash investments | $8,105,592 |
| 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 | $3,342,918 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $189,294 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,634,468 |
| Intangible assets | $0 |
| Other assets | $1,151,272 |
| Total assets | $20,262,072 |
| Accounts payable and accrued expenses | $20,650 |
| Grants payable | $0 |
| Deferred revenue | $425 |
| 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 | $4,516,366 |
| Total liabilities | $4,537,441 |
| Net assets without donor restrictions | $15,724,631 |
| Net assets with donor restrictions | $0 |
| 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 | $20,262,072 |