Jennie Stuart Medical Center Inc
- Assets
- $272.6m
- Revenue
- $179.2m
- Investments
- $0.0
- Employees
- 1,161
- Location
- Hopkinsville, KY
- Founding
- 03/1938
- Data as of
- 12/2021
- EIN
- 61-0482973
Organization Overview
Jennie Stuart Medical Center Inc is located in Hopkinsville, KY. The organization was established in 1938. 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 12/2022, Jennie Stuart Medical Center Inc employed 1,161 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jennie Stuart Medical Center Inc 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, Jennie Stuart Medical Center Inc generated $179.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $156.2m during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
JSMC IS COMMITTED TO EXCELLENCE IN SERVICE, AND WE EXIST TO PROMOTE, PRESERVE AND ACCOMMODATE THE GROWING HEALTHCARE NEEDS OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOSPITAL INPATIENT, OUTPATIENT, AND EMERGENCY ROOM SERVICES TO AREA RESIDENTS. IN RECOGNITION OF ITS MISSION, JSMC WILL STRIVE TO PASSIONATELY PURSUE A CULTURE OF EXCEPTIONAL SERVICE AND A COMMITMENT TO CONTINUOUS QUALITY IMPROVEMENT. THE AMOUNT OF CHARITY CARE AT COST WAS APPROXIMATELY $198,000 FOR THE YEAR ENDED DECEMBER 31, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick Robbe III Physician | 40 | $959,812 | |
Tanner Parrent Physician | 40 | $928,653 | |
Joshua Horton Physician | 40 | $868,518 | |
David Bealle Physician | 40 | $842,149 | |
Gerame Wells Physician | 40 | $720,693 | |
Keith Toms VP Of Integrated Services | Officer | 40 | $208,953 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Therapy Staffing Specialists Staffing Services | 12/30/22 | $3,056,073 |
Hudson Staffing Pllc Staffing Services | 12/30/22 | $2,769,492 |
Medical Staffing Solutions Staffing Services | 12/30/22 | $957,268 |
Qhr Health Llc Dba Ovation Health Management Services | 12/30/22 | $1,493,563 |
Amn Workforce Solutions Llc Staffing | 12/30/22 | $976,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,102 |
| Investment income | $2,381,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$130,293 |
| Net Gain/Loss on Asset Sales | $1,607,047 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $179,170,943 |
| Statement of Expenses | |
|---|---|
| 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. | $1,275,149 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,057,709 |
| Pension plan accruals and contributions | $732,903 |
| Other employee benefits | $4,123,256 |
| Payroll taxes | $3,784,566 |
| Fees for services: Management | $1,428,056 |
| Fees for services: Legal | $257,538 |
| Fees for services: Accounting | $202,862 |
| Fees for services: Lobbying | $5,447 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,641,365 |
| Advertising and promotion | $194,712 |
| Office expenses | $3,694,759 |
| Information technology | $2,853,021 |
| Royalties | $0 |
| Occupancy | $2,726,808 |
| Travel | $170,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,967 |
| Interest | $3,980,352 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,575,524 |
| Insurance | $1,410,949 |
| All other expenses | $0 |
| Total functional expenses | $156,171,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,057,284 |
| Savings and temporary cash investments | $125,752,069 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,091,732 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,382,658 |
| Prepaid expenses and deferred charges | $2,619,724 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,384,897 |
| Intangible assets | $0 |
| Other assets | $24,044,761 |
| Total assets | $272,583,736 |
| Accounts payable and accrued expenses | $17,151,230 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $58,859,840 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,207,964 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,846,329 |
| Total liabilities | $123,065,363 |
| Net assets without donor restrictions | $146,838,391 |
| Net assets with donor restrictions | $2,679,982 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $149,518,373 |