Cherokee Health Systems
- Assets
- $78.6m
- Revenue
- $71.2m
- Investments
- $250.5k
- Employees
- 866
- Location
- Knoxville, TN
- Founding
- 11/2013
- Data as of
- 06/2021
- 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 06/2021, Cherokee Health Systems employed 866 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 06/2021, Cherokee Health Systems generated $71.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $60.0m during the year ending 06/2021. While expenses have increased by 2.5% 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Freeman Chief Executive Officer | Officer | 58 | $358,731 |
Febe Wallace Medical Director | Officer | 55 | $276,389 |
Cindy Perry Asoc Director Of Psychiatr | 48 | $232,832 | |
Michael Hughes Psychiatrist | 43 | $232,118 | |
Paul D'cruz Psychiatrist | 45 | $223,330 | |
Hal Moncier Physician | 41 | $222,268 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,343,571 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,473,006 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,816,577 |
| Total Program Service Revenue | $43,931,960 |
| Investment income | $202,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $86,477 |
| Net Gain/Loss on Asset Sales | -$66,452 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,163,695 |
| 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. | $512,102 |
| Compensation of current officers, directors, key employees. | $135,718 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,552,139 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,127,634 |
| 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 | $653,086 |
| Advertising and promotion | $0 |
| Office expenses | $4,250,318 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,787,046 |
| Travel | $192,168 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $443,018 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,460,462 |
| Insurance | $246,460 |
| All other expenses | $698,876 |
| Total functional expenses | $60,020,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,057,906 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,108,081 |
| Accounts receivable, net | $4,232,196 |
| 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 | $1,079,495 |
| Net Land, buildings, and equipment | $43,315,007 |
| Investments—publicly traded securities | $18,287,315 |
| Investments—other securities | $250,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,229,680 |
| Total assets | $78,560,180 |
| Accounts payable and accrued expenses | $6,638,458 |
| Grants payable | $0 |
| Deferred revenue | $147,829 |
| 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 | $11,553,675 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,406,570 |
| Total liabilities | $19,746,532 |
| Net assets without donor restrictions | $58,813,648 |
| 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 | $78,560,180 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Cherokee Health Systems has recieved totaling $293,639.
| Awarding Organization | Amount |
|---|---|
Catholic Charities Of Tennessee Inc Nashville, TN PURPOSE: MEDICAL SCREENING | $182,840 |
Nicholson Foundation New York, NY PURPOSE: FUNDS TO SUPPORT SALARY AND TRAVEL COSTS OF STAFF PROVIDING TRAINING AND CONSULTATION TO PRIMARY CARE CLINICS CURRENTLY OR PREVIOUSLY FUNDED BY THE NICHOLSON FOUNDATION TO DELIVER INTEGRATED CARE. | $50,000 |
Association Of Clinicians For The Underserved Inc Washington, DC PURPOSE: COMMON GOALS | $25,000 |
United Way Of Greater Knoxville Inc Knoxville, TN | | $20,000 |
East Tennessee Foundation Knoxville, TN PURPOSE: GEN/OPER SUPPORT | $15,700 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $99 |
Endowment Analysis
| Beg. Balance | $250,500 |
| Ending Balance | $250,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ascension Medical Group Michigan St Louis, MO | $49,266,771 | $75,124,562 |
Mercy Aco Clinical Services Inc Chesterfield, MO | $54,495,253 | $100,210,064 |
Health Services Of Central Georgia Inc Macon, GA | $8,366,432 | $97,526,372 |
The Stern Cardiovascular Foundation Inc Germantown, TN | $17,127,426 | $49,543,413 |
North Mississippi Medical Clinics Tupelo, MS | $113,464,903 | $56,248,552 |
Gaston Family Health Services Inc Gastonia, NC | $35,229,591 | $80,865,474 |
Frontier Health Gray, TN | $53,088,509 | $71,287,825 |
Medcura Health Inc Stone Mountain, GA | $35,224,823 | $76,303,870 |
Piedmont Health Services Inc Chapel Hill, NC | $37,381,073 | $69,489,704 |
Daymark Recovery Services Inc Salisbury, NC | $39,230,183 | $65,095,451 |
Cherokee Health Systems Knoxville, TN | $78,560,180 | $71,163,695 |
Medical Foundation Inc Non Profit Organization Meridian, MS | $80,416,096 | $51,016,013 |