Breckinridge Health Inc
- Assets
- $19.1m
- Revenue
- $30.9m
- Investments
- $26.3k
- Employees
- 360
- Location
- Hardinsburg, KY
- Founding
- 04/1949
- Data as of
- 12/2021
- EIN
- 61-0525158
Organization Overview
Breckinridge Health Inc is located in Hardinsburg, KY. The organization was established in 1949. 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, Breckinridge Health Inc employed 360 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breckinridge Health 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, Breckinridge Health Inc generated $30.9m 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 $26.4m during the year ending 12/2021. While expenses have increased by 2.2% 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
THE ORGANIZATION'S EXPLICIT PURPOSE IS TO CONTINUALLY REDUCE THE BURDEN OF ILLNESS, INJURY AND DISABILITY AND TO IMPROVE THE HEALTH AND FUNCTIONING OF THE PEOPLE OF ITS COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRECKINRIDGE HEALTH IS A 25 BED CRITICAL ACCESS HOSPITAL, PLUS 18 BED NURSING FACILITY, AND ALSO HAS 3 RURAL HEALTH CLINICS.IN 2002 BRECKINRIDGE MEMORIAL HOSPITAL, INC. BECAME BRECKINRIDGE HEALTH, INC. IN ORDER TO DESCRIBE ALL OF ITS DIVISIONS. BRECKINRIGE HEALTH, INC. INCLUDES BRECKINRIDGE MEMORIAL HOSPITAL, BRECKINRIDGE MEMORIAL NURSING FACILITY, THE CLOVERPORT HEALTH CLINIC, MCDANIELS HEALTH CLINIC, AND BRECKINRIDGE PRIMARY CARE.BRECKINRIDGE HEALTH, INC. IS ACCREDITED BY JOINT COMMISSION FOR HEALTHCARE ORGANIZATIONS, CERTIFIED FOR MEDICARE AND MEDICAID, LICENSED BY THE KENTUCKY DIVISION OF LICENSING AND REGULATION.BRECKINRIDGE HEALTH IS ALSO A MEMBER OF THE FOLLOWING ORGANIZATIONS: AMERICAN HOSPITAL ASSOCIATION, KENTUCKY HOSPITAL ASSOCIATION, KENTUCKY ASSOCIATION OF NOT-FOR-PROFIT HOMES AND SERVICES FOR THE AGING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Benjamin Smith Physician | 50 | $450,660 | |
Brian T O'donoghue Physician | 50 | $291,466 | |
John Roe Crna | 40 | $196,230 | |
Angela Portman Chief Executive Officer | OfficerTrustee | 40 | $195,439 |
Meena S Patel Physician | 50 | $188,340 | |
Harry Mattingly Pharmacy Director | 45 | $145,558 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Concord Medical Group Of Kentucky Emergency Room Services | 12/30/21 | $909,530 |
Athenahealth Inc Emergency Room Services | 12/30/21 | $795,657 |
Alliant Management Services Hospital Mgt Services | 12/30/21 | $546,271 |
George S Gilliam Md Psc General Surgery Services | 12/30/21 | $310,511 |
Spine Consultants Llc Spine Services | 12/30/21 | $250,160 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,207,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $434,480 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,641,480 |
| Total Program Service Revenue | $24,444,711 |
| Investment income | $59,269 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $260 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,933,121 |
| 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. | $356,855 |
| Compensation of current officers, directors, key employees. | $356,855 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,794,517 |
| Pension plan accruals and contributions | $84,832 |
| Other employee benefits | $2,967,432 |
| Payroll taxes | $898,742 |
| Fees for services: Management | $182,412 |
| Fees for services: Legal | $85 |
| Fees for services: Accounting | $79,634 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,035,006 |
| Advertising and promotion | $44,854 |
| Office expenses | $116,085 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,305,054 |
| Travel | $65,299 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $303,163 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $658,533 |
| Insurance | $261,830 |
| All other expenses | $121,847 |
| Total functional expenses | $26,415,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $998,060 |
| Savings and temporary cash investments | $5,668,106 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,324,026 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $794,241 |
| Prepaid expenses and deferred charges | $332,330 |
| Net Land, buildings, and equipment | $7,943,084 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $26,291 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,153 |
| Total assets | $19,110,291 |
| Accounts payable and accrued expenses | $1,915,906 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,885,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $659,825 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,221,236 |
| Total liabilities | $12,681,967 |
| Net assets without donor restrictions | $6,428,324 |
| 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 | $19,110,291 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Breckinridge Health Inc has recieved totaling $25,750.
| Awarding Organization | Amount |
|---|---|
Ky Hospital Research & Education Foundation Inc Louisville, KY PURPOSE: ANTHEM GRANT | $5,250 |
Ky Hospital Research & Education Foundation Inc Louisville, KY PURPOSE: ANTHEM GRANT | $5,250 |
Ky Hospital Research & Education Foundation Inc Louisville, KY PURPOSE: ANTHEM GRANT | $5,250 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY PURPOSE: E22 HOSPITAL (GENERAL) | $5,000 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY PURPOSE: E22 HOSPITAL (GENERAL) | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Marys Hospital Ozaukee Inc St Louis, MO | $0 | $119,639,290 |
Maryview Hospital Llc Suffolk, VA | $0 | $126,392,609 |
Leconte Medical Center Knoxville, TN | $91,240,969 | $144,185,798 |
Norton - Kings Daughters Health Inc Madison, IN | $327,672,291 | $141,257,726 |
Wood County Hospital Assn Bowling Green, OH | $236,887,243 | $125,669,234 |
Margaret Mary Community Hospital Inc Batesville, IN | $200,618,179 | $130,077,852 |
Davis Memorial Hospital Elkins, WV | $99,450,993 | $120,748,268 |
Gibson Area Hospital Gibson City, IL | $63,536,615 | $119,801,214 |
Shelby County Memorial Hospital Association Inc Sidney, OH | $171,819,264 | $129,965,258 |
Jane Phillips Memorial Medical Center Inc St Louis, MO | $87,499,100 | $121,263,469 |
Bon Secours-Richmond Community Hospital Richmond, VA | $200,107,508 | $168,768,277 |
Holy Cross Hospital Chicago, IL | $142,348,563 | $113,770,792 |