Hw Memphis Inc
- Assets
- $4.0m
- Revenue
- $102.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 06/1987
- Data as of
- 12/2022
- EIN
- 62-1280261
Organization Overview
Hw Memphis Inc is located in Memphis, TN. The organization was established in 1987. According to its NTEE Classification (E62) the organization is classified as: Emergency Medical Services & Transport, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hw Memphis 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 12/2022, Hw Memphis Inc generated $102.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (48.9%) each year. All expenses for the organization totaled $47.3m during the year ending 12/2022. 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
IN 2021 MEMPHIS MEDICAL CENTER AIR AMBULANCE SOLD ITS ASSETS AND CEASED ITS NORMAL OPERATING ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR 2021, MEMPHIS MEDICAL CENTER AIR AMBULANCE WAS INVOLVED IN A BUSINESS SALE WHERE MED TRANS PURCHASED THEIR ASSETS EXCLUDING ACCOUNTS RECEIVABLE. IT HAS CEASED ITS NORMAL OPERATING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary/treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Vp/vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed President/chair | OfficerTrustee | 2 | $0 |
Name Not Listed Board Member | Trustee | 2 | $0 |
Name Not Listed Board Member | Trustee | 2 | $0 |
Name Not Listed Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Golden Hour Data Systems Inc Billing And Collections | 12/30/21 | $386,747 |
Methodist Healthcare-memphis Hospitals Pediatric Flights | 12/30/21 | $298,903 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $102,760 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $102,760 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,000,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,567 |
| Pension plan accruals and contributions | $4,711 |
| Other employee benefits | $2,124 |
| Payroll taxes | $6,437 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,822 |
| Fees for services: Accounting | $86,383 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,989 |
| Advertising and promotion | $0 |
| Office expenses | $39,030 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | -$557 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $47,274,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,963,663 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,613 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,972,276 |
| Accounts payable and accrued expenses | $39,372 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $39,372 |
| Net assets without donor restrictions | $3,932,904 |
| 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 | $3,972,276 |
Grants Awarded
Over the last fiscal year, Hw Memphis Inc has awarded $47,000,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
METHODIST HEALTHCARE - MEMPHIS HOSPITAL PURPOSE: General Support | $15,666,666 |
SHELBY COUNTY HEALTH CARE CORPORATION DBA REGIONAL ONE HEALTH PURPOSE: General Support | $15,666,667 |
BAPTIST MEMORIAL HEALTH CARE CORPORATION PURPOSE: General Support | $15,666,667 |