Russell Hospital Corporation
- Assets
- $201.0m
- Revenue
- $111.4m
- Investments
- $25.6m
- Employees
- 778
- Location
- Alexander City, AL
- Founding
- 04/1960
- Data as of
- 12/2021
- EIN
- 63-0385130
Organization Overview
Russell Hospital Corporation is located in Alexander City, AL. The organization was established in 1960. 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 12/2021, Russell Hospital Corporation employed 778 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Russell Hospital Corporation 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 12/2021, Russell Hospital Corporation generated $111.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $88.6m during the year ending 12/2021. While expenses have increased by 2.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RUSSELL HOSPITAL CORPORATION D/B/A RUSSELL MEDICAL CENTER OPERATES AN ACUTE CARE GENERAL HOSPITAL IN ALEXANDER CITY, AL INCLUDING A MEDICAL PARK FAMILY CARE (MPFC) IN DADEVILLE, AL, HEALTH PARTNERS OF GOODWATER (HPG) IN GOODWATER, AL, PHYSICIAN MULTI-SPECIALTY GROUP (PMSG) IN ALEXANDER CITY, AL, AND RUSSELL MEDICAL URGENT CARE IN ALEXANDER CITY, AL. OUR MISSION IS SIMPLE: BEING THE BEST BECAUSE WE CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHEMOTHERAPY DEPARTMENT SPECIALIZES EXPERT UTILIZATION OF EVERY RESOURCE TO TREAT MORE THAN 100 FORMS OF CANCER. THE CENTER OFFERS TARGETED CHEMOTHERAPY WITH INTENSITY MODULATED RADIATION THERAPY. IN 2021, THE CHEMOTHERAPY DEPARTMENT PROVIDED CARE FOR 5,309 PATIENTS.
THE EMERGENCY DEPARTMENT SPECIALIZES IN EMERGENCY MEDICINE PROVIDING CARE TWENTY-FOUR HOURS PER DAY TREATING EMERGENT AND NON-EMERGENT PATIENTS RANGING IN A BROAD SPECTRUM OF ILLNESSES AND INJURIES. IN 2021, THE EMERGENCY DEPARTMENT PROVIDED CARE FOR 1,231 INPATIENTS AND 16,654 OUTPATIENTS TOTALING 17,885 IN PATIENT VOLUME.
THE HEART CATHERERIZATION DEPARTMENT OFFERS A WIDE RANGE OF OPTIONS FOR ALL PATIENTS IN NEED OF VASCULAR SERVICES AVAILABLE 24 HOURS A DAY 7 DAYS A WEEK. IN 2021, THE DEPARTMENT PROVIDED 101 INPATIENT AND 757 OUTPATIENT PROCEDURES TOTALING 858 PROCEDURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Goldhagen MD Chief Medical Officer | Officer | 40 | $724,500 |
Brian Dix MD Physician | 40 | $617,303 | |
Mary Emily Sheffield MD Physician | 40 | $454,203 | |
Alex Minter MD Physician | 40 | $422,670 | |
Lother E Peace III President/ceo | OfficerTrustee | 40 | $416,613 |
John N Elgin MD Director - Pathology | 40 | $410,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Memphis Pathology Latoratory Pathology Services | 12/30/21 | $728,454 |
Bone & Joint Specialist Medical Services | 12/30/21 | $643,772 |
Adex Healthcare Staffing Staffing | 12/30/21 | $138,645 |
Trustaff Travel Nurses Staffing | 12/30/21 | $205,002 |
Anesthesia Services Of Birmingham Pc Anesthesia Services | 12/30/21 | $928,287 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,591,617 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,949,783 |
| Noncash contributions included in lines 1a–1f | $2,521,999 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,541,400 |
| Total Program Service Revenue | $77,818,624 |
| Investment income | $471,825 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$357,377 |
| Net Gain/Loss on Asset Sales | $459,923 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,392,517 |
| 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. | $1,998,340 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,271,101 |
| Pension plan accruals and contributions | $716,089 |
| Other employee benefits | $5,687,672 |
| Payroll taxes | $2,191,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $89,623 |
| Fees for services: Accounting | $125,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,324,895 |
| Advertising and promotion | $140,785 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $41,062 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,496,436 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,432,761 |
| Insurance | $817,422 |
| All other expenses | $3,005,273 |
| Total functional expenses | $88,564,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,373,531 |
| Savings and temporary cash investments | $1,231,506 |
| Pledges and grants receivable | $18,532,148 |
| Accounts receivable, net | $41,032,568 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,742,764 |
| Prepaid expenses and deferred charges | $908,133 |
| Net Land, buildings, and equipment | $34,083,692 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $25,604,227 |
| Investments—program-related | $0 |
| Intangible assets | $257,379 |
| Other assets | $74,208,360 |
| Total assets | $200,974,308 |
| Accounts payable and accrued expenses | $10,754,489 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $31,999,203 |
| 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 | $114,211,216 |
| Total liabilities | $156,964,908 |
| Net assets without donor restrictions | $21,200,091 |
| Net assets with donor restrictions | $22,809,309 |
| 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 | $200,974,308 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Russell Hospital Corporation has recieved totaling $83,571.
| Awarding Organization | Amount |
|---|---|
Alabama Hospital Association Inc Montgomery, AL PURPOSE: HOSPITAL PREPAREDNESS GRANT | $83,571 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Community Hospital Inc Tampa, FL | $1,235,213,568 | $915,701,443 |
Morton Plant Hospital Association Inc Clearwater, FL | $1,389,589,934 | $934,836,650 |
Mount Sinai Medical Center Of Florida Inc Miami Beach, FL | $992,427,664 | $901,856,611 |
Shands Jacksonville Medical Center Inc Jacksonville, FL | $750,537,278 | $894,366,475 |
Lakeland Regional Medical Center Inc Lakeland, FL | $799,528,886 | $860,757,084 |
North Mississippi Medical Center Inc Tupelo, MS | $1,589,620,172 | $809,459,200 |
Tallahassee Memorial Healthcare Inc Tallahassee, FL | $1,130,180,703 | $783,859,263 |
Mountain States Health Alliance Johnson City, TN | $556,120,495 | $805,201,599 |
Baptist Hospital Inc Pensacola, FL | $1,048,797,666 | $758,112,762 |
Baptist Memorial Hospital Memphis, TN | $691,981,947 | $770,663,628 |
Medical Center Of Central Georgia Inc Macon, GA | $1,397,526,718 | $800,413,800 |
Holmes Regional Medical Center Rockledge, FL | $903,830,612 | $776,752,725 |