Cherokee Health Systems
- Assets
- $94.3m
- Revenue
- $79.6m
- Investments
- $250.5k
- Employees
- 884
- Location
- Knoxville, TN
- Founding
- 11/2013
- Data as of
- 06/2022
- EIN
- 62-0637925
Organization Overview
Cherokee Health Systems is located in Knoxville, TN. The organization was established in 2013. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 06/2022, Cherokee Health Systems employed 884 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cherokee Health Systems 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 06/2022, Cherokee Health Systems generated $79.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $63.0m during the year ending 06/2022. While expenses have increased by 2.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES MEDICAL AND BEHAVIORAL HEALTH SERVICES TO INDIVIDUALS ON A SLIDING FEE BASIS. CHS OPERATES FEDERALLY QUALIFIED HEALTH AND COMMUNITY MENTAL HEALTH SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
GRANT PROGRAMS, CLINICAL ADMINISTRATION, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Haniford Board Member | Trustee | 1 | $0 |
Kenneth Glass Board Member | Trustee | 1 | $0 |
Rosa Mar Board Member | Trustee | 1 | $0 |
Michael Covington Vice President | OfficerTrustee | 1 | $0 |
Kim Patrick Board Member | Trustee | 1 | $0 |
Ken Knight President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chronic Care Staffing Llc Staffing Agency | 6/29/22 | $1,054,706 |
East Nooga Llc Rent | 6/29/22 | $316,105 |
Maxim Healthcare Staffing Services Inc Contract Worker | 6/29/22 | $179,528 |
Lbmc Information Security Cybermax Licensing | 6/29/22 | $156,786 |
Laboratory Corporation Of America Holdin Contract Worker | 6/29/22 | $145,962 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,062,229 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,300,884 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,363,113 |
| Total Program Service Revenue | $46,825,104 |
| Investment income | $278,468 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $232,750 |
| Net Gain/Loss on Asset Sales | -$1,288,324 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,573,007 |
| 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. | $482,528 |
| Compensation of current officers, directors, key employees. | $130,283 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,599,070 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,555,534 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $769,048 |
| Advertising and promotion | $0 |
| Office expenses | $5,125,714 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,710,024 |
| Travel | $189,492 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $508,144 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,593,005 |
| Insurance | $250,608 |
| All other expenses | $387,639 |
| Total functional expenses | $63,021,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,140,007 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,059,868 |
| Accounts receivable, net | $4,768,026 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,429,956 |
| Net Land, buildings, and equipment | $42,594,968 |
| Investments—publicly traded securities | $18,874,028 |
| Investments—other securities | $250,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,213,767 |
| Total assets | $94,331,120 |
| Accounts payable and accrued expenses | $6,726,570 |
| Grants payable | $0 |
| Deferred revenue | $990,811 |
| 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 | $14,058,044 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $117,214 |
| Total liabilities | $21,892,639 |
| Net assets without donor restrictions | $72,438,481 |
| 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 | $94,331,120 |