Crossett Health Foundation
- Assets
- $23.1m
- Revenue
- $42.0m
- Investments
- $0.0
- Employees
- 405
- Location
- Crossett, AR
- Founding
- 10/1947
- Data as of
- 09/2023
- EIN
- 71-0236870
Organization Overview
Crossett Health Foundation is located in Crossett, AR. The organization was established in 1947. 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 09/2023, Crossett Health Foundation employed 405 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crossett Health Foundation 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 09/2023, Crossett Health Foundation generated $42.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $41.7m during the year ending 09/2023. While expenses have increased by 4.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE GOOD HEALTH AND PROVIDE QUALITY HEALTHCARE WITH A QUALIFIED STAFF IN A CARING AND COMPASSIONATE MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH THE HOSPITAL, STATE-OF-THE-ART MEDICAL CARE WAS PROVIDED TO THE RESIDENTS OF CROSSETT AND ASHLEY COUNTY. THIS CARE INCLUDED APPROXIMATELY 4,054 PATIENT DAYS OF CARE TO 1,047 TOTAL PATIENT DISCHARGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Macdonald Physician | 40 | $509,224 | |
Lon Bitzer Physician | 40 | $436,922 | |
Kara Worley Physician | 40 | $424,192 | |
Ira Murphy Physician | 40 | $377,262 | |
Jofrances Marquez Md | 40 | $346,645 | |
Phillip Gilmore CEO | Officer | 40 | $221,007 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Cleaning Systems Cleaning Service | 9/29/23 | $553,566 |
Emergency Staffing Solutions Er Physicians | 9/29/23 | $1,259,908 |
Alvin Hamilton Crna | 9/29/23 | $214,807 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,486,739 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,501 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,535,240 |
| Total Program Service Revenue | $36,616,136 |
| Investment income | $24,770 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $122,560 |
| Net Gain/Loss on Asset Sales | $23,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,037,521 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,560 |
| 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. | $221,007 |
| Compensation of current officers, directors, key employees. | $221,007 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,210,868 |
| Pension plan accruals and contributions | $559,119 |
| Other employee benefits | $2,030,141 |
| Payroll taxes | $1,479,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $251,379 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $447,727 |
| Travel | $95,880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $318,398 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,786,674 |
| Insurance | $575,756 |
| All other expenses | $563,891 |
| Total functional expenses | $41,688,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,139,883 |
| Savings and temporary cash investments | $1,898,247 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,401,435 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,274,746 |
| Prepaid expenses and deferred charges | $132,717 |
| Net Land, buildings, and equipment | $11,894,487 |
| Investments—publicly traded securities | $358,680 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,100,195 |
| Accounts payable and accrued expenses | $3,613,376 |
| 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 | $7,223,764 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $443,952 |
| Total liabilities | $11,281,092 |
| Net assets without donor restrictions | $3,431,485 |
| Net assets with donor restrictions | $8,387,618 |
| 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 | $23,100,195 |
Grants Awarded
Over the last fiscal year, Crossett Health Foundation has awarded $125,649 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ASHLEY COUNTY MEDICAL CENTER PURPOSE: HOSPITAL PREPAREDNESS | $33,193 |
BAPTIST HEALTH-STUTTGART PURPOSE: HOSPITAL PREPAREDNESS | $10,766 |
DELTA MEMORIAL HOSPITAL PURPOSE: HOSPITAL PREPAREDNESS | $17,817 |
BRADLEY COUNTY MEDICAL CENTER PURPOSE: HOSPITAL PREPAREDNESS | $10,842 |
DEWITT HOSPITAL PURPOSE: HOSPITAL PREPAREDNESS | $9,647 |
DREW MEMORIAL HOSPITAL PURPOSE: HOSPITAL PREPAREDNESS | $11,266 |