Russell County Kentucky Hospital District Health Facility Corp Inc
- Assets
- $27.2m
- Revenue
- $36.1m
- Investments
- $0.0
- Employees
- 300
- Location
- Russell Springs, KY
- Founding
- 03/1981
- Data as of
- 06/2021
- EIN
- 61-0965365
Organization Overview
Russell County Kentucky Hospital District Health Facility Corp Inc is located in Russell Springs, KY. The organization was established in 1981. 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 06/2021, Russell County Kentucky Hospital District Health Facility Corp Inc employed 300 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Russell County Kentucky Hospital District Health Facility Corp 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 06/2021, Russell County Kentucky Hospital District Health Facility Corp Inc generated $36.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $29.8m during the year ending 06/2021. While expenses have increased by 4.6% 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
TO PROVIDE QUALITY, COMPASSIONATE HEALTHCARE CONSISTENT WITH THE TRUST AND SUPPORT OF THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
MEDICAL CARE PROVIDED BY HOSPITAL TO PATIENTS - CHARGES EXCLUDED FROM REVENUE UNDER THE HOSPITAL'S CHARITY CARE POLICY WERE APPROXIMATELY $376,000 FOR THE YEAR ENDED JUNE 30, 2021. THE AMOUNT OF CHARITY CARE AT COST WAS APPROXIMATELY $142,000 FOR THE YEAR ENDED JUNE 30, 2021. THE HOSPITAL HOLDS AN ANNUAL HEALTH FAIR FOR THE COMMUNITY WHERE IT PROVIDES REDUCED COST TESTING. IT PROVIDES WEEKLY BLOOD PRESSURE SCREENINGS, SUPPORTS ITS EMPLOYEES' COMMUNITY INVOLVEMENT, INCLUDING RELAY FOR LIFE, AND CONDUCTS OTHER PROGRAMS FOR COMMUNITY BENEFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Perkins Physician | 40 | $430,864 | |
Jonas Hurley Physician | 36 | $423,993 | |
Milton Jackson Physician | 36 | $392,469 | |
Tommy Shelton Physician | 40 | $348,648 | |
Liesel Grentz Physician | 40 | $244,976 | |
Patrick Branco Chief Executive Officer - Py | Officer | 40 | $139,346 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jerry Lawson Physician | 6/29/21 | $177,100 |
Stephen Aitken Anesthesia Services | 6/29/21 | $325,350 |
Sebastian Services Emergency Services | 6/29/21 | $198,955 |
John Kilgallin Physician | 6/29/21 | $198,948 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,781,045 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,102 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,809,147 |
| Total Program Service Revenue | $28,177,013 |
| Investment income | $81,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,087 |
| 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 | $36,140,861 |
| 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. | $608,920 |
| Compensation of current officers, directors, key employees. | $608,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,411,118 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,511,472 |
| Payroll taxes | $994,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,018 |
| Fees for services: Accounting | $76,091 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,618,340 |
| Advertising and promotion | $150,208 |
| Office expenses | $614,712 |
| Information technology | $119,823 |
| Royalties | $0 |
| Occupancy | $363,322 |
| Travel | $9,015 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,379 |
| Interest | $117,571 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,244,656 |
| Insurance | $291,591 |
| All other expenses | $195,707 |
| Total functional expenses | $29,839,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,706,985 |
| Savings and temporary cash investments | $12,266,588 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,368,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $764,814 |
| Prepaid expenses and deferred charges | $799,571 |
| Net Land, buildings, and equipment | $5,437,218 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,365,052 |
| Other assets | $531,329 |
| Total assets | $27,239,932 |
| Accounts payable and accrued expenses | $2,589,977 |
| Grants payable | $0 |
| Deferred revenue | $298,922 |
| 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 | $2,235,551 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,124,450 |
| Net assets without donor restrictions | $22,115,482 |
| 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 | $27,239,932 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Russell County Kentucky Hospital District Health Facility Corp Inc has recieved totaling $9,510.
| Awarding Organization | Amount |
|---|---|
Ky Hospital Research & Education Foundation Inc Louisville, KY PURPOSE: SMALL HOSPITAL IMPROVEMENT PROJECT GRANT. | $9,510 |
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 |