Memorial Health Care System Inc
- Assets
- $833.5m
- Revenue
- $655.2m
- Investments
- $263.5m
- Employees
- 4,293
- Location
- Chattanooga, TN
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 62-0532345
Organization Overview
Memorial Health Care System Inc is located in Chattanooga, TN. The organization was established in 1946. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2021, Memorial Health Care System Inc employed 4,293 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Memorial Health Care System 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, Memorial Health Care System Inc generated $655.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $642.0m during the year ending 06/2021. While expenses have increased by 0.7% 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.
Since 2015, Memorial Health Care System Inc has awarded 240 individual grants totaling $4,220,807. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMPHASIZE HUMAN DIGNITY AND SOCIAL JUSTICE AS WE CREATE HEALTHIER COMMUNITIES BY PROVIDING HEALTH CARE SERVICES REGARDLESS OF ABILITY TO PAY FOR THOSE IN CHATTANOOGA, TN AND THE SURROUNDING AREA.
Describe the Organization's Program Activity:
CARDIOVASCULAR SERVICESCHI MEMORIAL'S GUERRY HEART AND VASCULAR CENTER OFFERS A TEAM OF CARDIAC SPECIALISTS WHO HAVE TRAINED AT SOME OF THE MOST RENOWNED MEDICAL PROGRAMS IN THE COUNTRY. CHI MEMORIAL AND THE CHATTANOOGA HEART INSTITUTE INTEGRATED SERVICES IN EARLY 2011. WITH 25 CARDIOLOGISTS AND TWO CARDIOTHORACIC SURGEONS, THE CHATTANOOGA HEART INSTITUTE HAS LED THE REGION'S LARGEST CENTER DEDICATED SOLELY TO CARDIOVASCULAR CARE FOR THE PAST 40 YEARS. CHI MEMORIAL HOSPITAL CHATTANOOGA AND CHI MEMORIAL HOSPITAL HIXSON EACH PROVIDE CARDIAC IMAGING SERVICES THAT INCLUDE ECHOCARDIOGRAPHY, STRESS ECHOCARDIOGRAPHY, TRANSESOPHAGEAL ECHOCARDIOGRAPHY AND NUCLEAR CARDIOLOGY. CHI MEMORIAL HOSPITAL CHATTANOOGA HAS FIVE CARDIAC CATHETERIZATION LABORATORIES AND TWO ELECTROPHYSIOLOGY LABORATORIES FOR SPECIALIZED CARDIAC PROCEDURES.
IMAGING/ DIAGNOSTIC SERVICESCHI MEMORIAL OFFERS PATIENTS THE FULL RANGE OF OUTPATIENT IMAGING SERVICES. FOR WOMEN, OUR FACILITIES INCLUDE PRIVATE MAMMOGRAPHY SUITES, "SOFT" MAMMOGRAPHY, BREAST CANCER EDUCATION AND SUPPORT SERVICES. IMAGING SERVICES ARE AVAILABLE AT CHI MEMORIAL HOSPITAL CHATTANOOGA, CHI MEMORIAL HOSPITAL HIXSON, CHI MEMORIAL HOSPITAL GEORGIA AND CHI MEMORIAL OOLTEWAH IMAGING CENTER. OUR CAPABILITIES INCLUDE CT, 3-T MRI, DEDICATED BREAST MRI, DIGITAL RADIOGRAPHY, DIGITAL FLUOROSCOPY,NUCLEAR MEDICINE, ULTRASOUND, VASCULAR STUDIES, CARDIAC STRESS TESTING, ECOCARDIOGRAPHY, BONE DENSITY, MAMMOGRAPHY, AND PET/CT.
CANCERTHE REES SKILLERN CANCER INSTITUTE AT CHI MEMORIAL IS THE LEADING PROVIDER OF CANCER SERVICES IN THE CHATTANOOGA AREA. OUR COMPREHENSIVE PROGRAM INCLUDES SEVEN CENTERS OF EXCELLENCE, EACH DEDICATED TO A SPECIFIC TYPE OF CANCER AND SUPPORTED BY INTERDISCIPLINARY TUMOR BOARDS, CLINICAL TRIALS AND ADVANCED TECHNOLOGIES, SUCH AS THE DA VINCI SURGICAL SYSTEM FOR ROBOTIC-ASSISTED MINIMALLY INVASIVE TREATMENT OF PROSTATE, GYNECOLOGIC, HEAD AND NECK, COLORECTAL, LUNG AND OTHER CANCERS. THE REES SKILLERN CANCER INSTITUTE AT CHI MEMORIAL IS THE LEADING PROVIDER OF CANCER SERVICES IN THE CHATTANOOGA AREA. AT CHI MEMORIAL, WE HAVE THE MOST UP TO DATE CANCER TREATMENT MACHINES IN THE INDUSTRY. WE HAVE THE TRUE BEAM STX, NOVALIS TX AND THE SIEMEN'S PRIMUS LINEAR ACCELERATORS. THESE MACHINES USE RADIATION TO TREAT THE PATIENT'S TUMOR.
CHI MEMORIAL HEALTH PROVIDES ADDITIONAL SERVICES INCLUDING BUT NOT LIMITED TO: PRIMARY AND PREVENTIVE CARE SERVICES, SOCIAL SERVICES, NUTRITION SERVICES, PHYSICAL AND SPEECH THERAPY, RADIOLOGY, ENDOSCOPY CENTER, SLEEP DIAGNOSTIC CENTER, AND MOBILE MAMMOGRAPHY SERVICES THAT EXTENDS ACCESS TO MAMMOGRAPHY, HEALTH SCREENINGS, AND EDUCATIONAL INFORMATION TO RESIDENTS IN 35 COUNTIES ACROSS TENNESSEE, GEORGIA AND ALABAMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Zellner MD Board Member/chief Of Medical Staff | Trustee | 50 | $1,666,576 |
Wilson Clements MD Cardiovascular Surgeon | 50 | $1,523,334 | |
Janelle Reilly Market CEO | OfficerTrustee | 46 | $831,254 |
Alen Simeone Cardiovascular Surgeon | 50 | $811,445 | |
William Warren MD Chair | OfficerTrustee | 50 | $757,262 |
Troy Hammett Former Board Treasurer/sr Vp/cfo | 47 | $752,985 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Computer Task Group Inc It Staffing | 6/29/21 | $1,963,099 |
G4s Secure Solutions Security Services | 6/29/21 | $1,258,343 |
American Anesthesiology Of Tn Physician Services | 6/29/21 | $3,999,229 |
Vega Corp Of Tennessee General Contractor | 6/29/21 | $1,285,760 |
Monument Consulting Inc Consulting Services | 6/29/21 | $2,841,086 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,263,713 |
| Government grants | $25,764,492 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $608,733 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,028,205 |
| Total Program Service Revenue | $590,874,905 |
| Investment income | $3,578,954 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,658 |
| Net Gain/Loss on Asset Sales | $16,579,509 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $655,181,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $559,420 |
| Grants and other assistance to domestic individuals. | $66,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,428,263 |
| Compensation of current officers, directors, key employees. | $1,465,631 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,381,554 |
| Pension plan accruals and contributions | $8,732,169 |
| Other employee benefits | $32,134,453 |
| Payroll taxes | $13,703,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,057,793 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $86,510 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,341,842 |
| Advertising and promotion | $2,832,222 |
| Office expenses | $890,639 |
| Information technology | $20,695,767 |
| Royalties | $0 |
| Occupancy | $14,788,504 |
| Travel | $269,768 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,339 |
| Interest | $9,343,409 |
| Payments to affiliates | $16,633,988 |
| Depreciation, depletion, and amortization | $46,547,923 |
| Insurance | $2,936,962 |
| All other expenses | $1,114,647 |
| Total functional expenses | $642,033,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,250 |
| Savings and temporary cash investments | $4,506,984 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $86,807,166 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,307,197 |
| Prepaid expenses and deferred charges | $1,942,708 |
| Net Land, buildings, and equipment | $333,924,292 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $263,465,219 |
| Investments—program-related | $0 |
| Intangible assets | $7,042,487 |
| Other assets | $110,487,739 |
| Total assets | $833,500,042 |
| Accounts payable and accrued expenses | $101,217,209 |
| Grants payable | $0 |
| Deferred revenue | $10,107 |
| 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 | $216,373,664 |
| Total liabilities | $317,600,980 |
| Net assets without donor restrictions | $515,899,062 |
| 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 | $833,500,042 |
Grants Awarded
Over the last fiscal year, Memorial Health Care System Inc has awarded $292,611 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: COMMUNITY SUPPORT | $68,750 |
Chattanooga, TN PURPOSE: COMMUNITY SUPPORT | $52,000 |
Chattanooga, TN PURPOSE: COMMUNITY SUPPORT | $50,000 |
Saint Louis, MO PURPOSE: COMMUNITY SUPPORT | $30,000 |
Chattanooga, TN PURPOSE: COMMUNITY SUPPORT | $27,861 |
Rock Spring, GA PURPOSE: COMMUNITY SUPPORT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Memorial Health Care System Inc has recieved totaling $1,032,886.
| Awarding Organization | Amount |
|---|---|
Frank P Pierce Foundation Inc Chattanooga, TN PURPOSE: HOSPITAL CONSTRUCTION | $1,000,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: BUZ STANDEFER LUNG CENTER 2019 WOD OF GREATER CHATTANOOGA FUNDRAISER | $17,886 |
Tennessee Hospital Association Brentwood, TN PURPOSE: HEALTHCARE SUPPORT GRANT | $15,000 |
Endowment Analysis
| Beg. Balance | $1,362,974 |
| Earnings | $219,078 |
| Ending Balance | $1,582,052 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ssm Health Care Corporation St Louis, MO | $4,485,127,106 | $1,033,534,741 |
Bjc Health System St Louis, MO | $5,456,592,622 | $1,155,105,032 |
Appalachian Regional Healthcare Inc Lexington, KY | $1,267,201,787 | $817,287,479 |
Memorial Health Care System Inc Chattanooga, TN | $833,500,042 | $655,181,018 |
Wellmont Health System Johnson City, TN | $425,394,041 | $662,198,822 |
Virginia Hospital Center Arlington Health System Arlington, VA | $1,877,524,577 | $673,514,509 |
Owensboro Health Regional Hospital Owensboro, KY | $1,685,340,581 | $709,904,993 |
Alexian Brothers Health System St Louis, MO | $397,387,025 | $531,298,685 |
Floyd Healthcare Management Inc Rome, GA | $548,593,704 | $501,302,033 |
Norton Healthcare Inc Louisville, KY | $2,709,209,349 | $492,316,959 |
Carilion Services Inc Roanoke, VA | $938,637,589 | $302,052,496 |
Gulf Health Hospitals Inc Mobile, AL | $254,941,753 | $342,124,939 |