Jennie Stuart Medical Center Inc
- Assets
- $247.8m
- Revenue
- $154.0m
- Investments
- $0.0
- Employees
- 1,288
- Location
- Hopkinsville, KY
- Founding
- 03/1938
- Data as of
- 12/2020
- 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 12/2021, Jennie Stuart Medical Center Inc employed 1,288 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 12/2020, Jennie Stuart Medical Center Inc generated $154.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $139.1m during the year ending 12/2020. While expenses have increased by 1.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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 $369,000 FOR THE YEAR ENDED DECEMBER 31, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Bealle Physician | 40 | $995,926 | |
Frederick Robbe III Physician | 40 | $929,051 | |
Tanner Parrent Physician | 40 | $914,356 | |
Ramesh Patel Med Staff President/physician | OfficerTrustee | 1 | $785,282 |
Gerame Wells Physician | 40 | $733,299 | |
Keith Toms VP Of Integrated Services | Officer | 40 | $192,220 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quorum Health Resources Management Services | 12/30/21 | $1,427,451 |
Hudson Staffing Pllc Staffing | 12/30/21 | $2,045,198 |
Medical Staffing Solutions Staffing | 12/30/21 | $932,660 |
Therapy Staffing Specialists Inc Physical Therapy | 12/30/21 | $2,873,944 |
Amn Workforce Solutions Llc Staffing | 12/30/21 | $1,118,796 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,183,539 |
| 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 | $9,183,539 |
| Total Program Service Revenue | $142,058,974 |
| Investment income | $1,992,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,421 |
| Net Gain/Loss on Asset Sales | -$120,962 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $153,968,176 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $138,946 |
| 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. | $1,382,072 |
| Compensation of current officers, directors, key employees. | $1,382,072 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,202,929 |
| Pension plan accruals and contributions | $570,573 |
| Other employee benefits | $5,837,649 |
| Payroll taxes | $3,512,667 |
| Fees for services: Management | $1,501,452 |
| Fees for services: Legal | $133,558 |
| Fees for services: Accounting | $271,767 |
| Fees for services: Lobbying | $5,452 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,561,477 |
| Advertising and promotion | $241,961 |
| Office expenses | $2,606,289 |
| Information technology | $3,459,589 |
| Royalties | $0 |
| Occupancy | $2,455,989 |
| Travel | $123,520 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,053 |
| Interest | $3,853,390 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,546,938 |
| Insurance | $1,303,385 |
| All other expenses | $2,734,748 |
| Total functional expenses | $139,116,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,072,393 |
| Savings and temporary cash investments | $101,823,274 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,984,182 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $43,750 |
| Inventories for sale or use | $2,432,679 |
| Prepaid expenses and deferred charges | $1,709,117 |
| Net Land, buildings, and equipment | $67,398,442 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,441,829 |
| Intangible assets | $0 |
| Other assets | $24,935,649 |
| Total assets | $247,841,315 |
| Accounts payable and accrued expenses | $17,982,475 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $59,715,127 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,670,945 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $48,474,171 |
| Total liabilities | $131,842,718 |
| Net assets without donor restrictions | $113,819,809 |
| Net assets with donor restrictions | $2,178,788 |
| 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 | $247,841,315 |
Endowment Analysis
| Beg. Balance | $1,422,853 |
| Earnings | $205,136 |
| Admin Expense | $35,480 |
| Ending Balance | $1,592,509 |
Peer Organizations
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|---|---|---|
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Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
Kettering College Miamisburg, OH | $1,728,903,615 | $1,055,020,178 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |