Cullman Regional Medical Center Inc
- Assets
- $187.0m
- Revenue
- $165.9m
- Investments
- $2.0m
- Employees
- 1,680
- Location
- Cullman, AL
- Founding
- 07/1992
- Data as of
- 06/2021
- EIN
- 63-1058174
Organization Overview
Cullman Regional Medical Center Inc is located in Cullman, AL. The organization was established in 1992. 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 06/2021, Cullman Regional Medical Center Inc employed 1,680 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cullman Regional Medical Center 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, Cullman Regional Medical Center Inc generated $165.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $158.0m during the year ending 06/2021. While expenses have increased by 7.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CULLMAN REGIONAL MEDICAL CENTER, LICENSED FOR 145 BEDS, OPERATES A 145-BED GENERAL ACUTE CARE HOSPITAL FOR THE COMMUNITY OF CULLMAN, ALABAMA AND SURROUNDING AREAS REGARDLESS OF A PATIENT'S ABILITY TO PAY.
Describe the Organization's Program Activity:
CRMC PROVIDES ACUTE CARE PATIENT SERVICES WHICH ARE RENDERED TO ALL MEMBERS OF THE COMMUNITY REGARDLESS OF THEIR ABILITY TO PAY. CRMC USES CHARITY APPLICATIONS BASED UPON FEDERAL POVERTY GUIDELINES AND FAMILY SIZE TO DETERMINE ELIGIBILITY FOLLOWING SERVICES PROVIDED. CRMC PROVIDES CARE 24 HOURS PER DAY, SEVEN DAYS A WEEK AND HAS PROVIDED 27,926 INPATIENT DAYS CARE, 8.38% WERE NOT COVERED BY ANY GOVERNMENTAL OR PRIVATE INSURANCE PLAN; 40,767 EMERGENCY ROOM VISITS, 21.98% WERE NOT COVERED BY ANY GOVERNMENTAL OR PRIVATE INSURANCE PLAN; AND 91,812 OUTPATIENT VISITS, 8.26% NOT COVERED BY ANY GOVERNMENTAL OR PRIVATE INSURANCE PLAN. THE TOTAL UNREIMBURSED COST OF MEDICAL SERVICES PROVIDED TO THOSE NOT COVERED BY ANY GOVERNMENTAL OR PRIVATE INSURANCE PLAN IS REPORTED ON SCHEDULE H. CRMC ALSO PROVIDES COMMUNITY EDUCATION AND WELLNESS ACTIVITIES TO THE COMMUNITY AND IS A MAJOR CONTRIBUTOR TO A LOCAL INDIGENT CLINIC SERVICING CULLMAN COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Clements Ceo/member | OfficerTrustee | 41 | $706,625 |
Phillip Kravetz MD Physician | 40 | $650,194 | |
Richard Ruhl MD Anesthesiolo | 40 | $602,951 | |
Brad Moody MD Surgeon | 40 | $545,282 | |
James Lee MD Cardiologist | 40 | $474,708 | |
Lars Wallin III MD Urologist | 40 | $452,799 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Univ Of Ala Health Svc Fdn Cardiologist | 6/29/21 | $614,644 |
Design Innovations Llc Interior Design | 6/29/21 | $412,281 |
Tro Jung Brannen Construction | 6/29/21 | $888,260 |
Brasfield & Gorrie Llc Construction | 6/29/21 | $5,739,948 |
Morrison Management Specialist Food Mgmt | 6/29/21 | $473,128 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $64,850 |
| Government grants | $3,965,210 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,254 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,063,314 |
| Total Program Service Revenue | $153,392,559 |
| Investment income | $1,852,778 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $418,773 |
| Net Gain/Loss on Asset Sales | $150,791 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $165,872,359 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,173,290 |
| 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. | $1,349,420 |
| Compensation of current officers, directors, key employees. | $1,349,420 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,557,130 |
| Pension plan accruals and contributions | $2,948,394 |
| Other employee benefits | $8,947,536 |
| Payroll taxes | $4,878,919 |
| Fees for services: Management | $1,328,893 |
| Fees for services: Legal | $320,125 |
| Fees for services: Accounting | $118,084 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $217,268 |
| Fees for services: Other | $10,465,431 |
| Advertising and promotion | $425,176 |
| Office expenses | $10,220,972 |
| Information technology | $270 |
| Royalties | $0 |
| Occupancy | $4,202,702 |
| Travel | $547,394 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90,525 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,421,619 |
| Insurance | $1,547,155 |
| All other expenses | $275,716 |
| Total functional expenses | $157,997,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,661,220 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,045,603 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,594,858 |
| Prepaid expenses and deferred charges | $1,841,423 |
| Net Land, buildings, and equipment | $77,811,482 |
| Investments—publicly traded securities | $65,654,143 |
| Investments—other securities | $2,033,972 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,395,561 |
| Total assets | $187,038,262 |
| Accounts payable and accrued expenses | $15,099,506 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $61,289,033 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,702,497 |
| Total liabilities | $103,096,036 |
| Net assets without donor restrictions | $83,942,226 |
| 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 | $187,038,262 |
Grants Awarded
Over the last fiscal year, Cullman Regional Medical Center Inc has awarded $1,699,627 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Cullman, AL PURPOSE: CURRENT OPERATIONS | $816,822 |
Cullman, AL PURPOSE: CURRENT OPERATIONS | $558,828 |
Cullman, AL PURPOSE: CURRENT OPERATIONS | $241,977 |
Cullman, AL PURPOSE: CURRENT OPERATIONS | $82,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cullman Regional Medical Center Inc has recieved totaling $20,563.
| Awarding Organization | Amount |
|---|---|
Alabama Hospital Association Inc Montgomery, AL PURPOSE: HOSPITAL PREPAREDNESS GRANT | $19,663 |
Milos Foundation Birmingham, AL PURPOSE: CHARITABLE MEALS | $450 |
Milos Foundation Birmingham, AL PURPOSE: CHARITABLE MEALS | $450 |
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 |