Newman Memorial Hospital Inc
- Assets
- $4.5m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 103
- Location
- Shattuck, OK
- Founding
- 08/1950
- Data as of
- 12/2021
- EIN
- 73-0570773
Organization Overview
Newman Memorial Hospital Inc is located in Shattuck, OK. The organization was established in 1950. 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, Newman Memorial Hospital Inc employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newman Memorial Hospital 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 12/2021, Newman Memorial Hospital Inc generated $14.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $9.5m during the year ending 12/2021. 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
PROVIDE THE HIGHEST QUALITY PATIENT CARE EXPERIENCE WITH COMMITTMENT TO VALUE AND EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEWMAN MEMORIAL HOSPITAL IS A 25-BED CRITICAL ACCESS HOSPITAL LOCATED IN SHATTUCK, OKLAHOMA. NEWMAN MEMORIAL HOSPITAL STRIVES TO PROVIDE ITS COMMUNITY AND PATIENTS A WIDE VARIETY OF SERVICES WITH EXCEPTIONAL CARE AND CONVENIENT SCHEDULING. WE PROVIDE GENERAL MEDICAL AND SURGICAL CARE FOR INPATIENT, OUTPATIENT AND EMERGENCY ROOM PATIENTS. IN ADDITION, OUR URGENT CARE CLINIC IS OPEN 7 DAYS A WEEK WITH NO APPOINTMENT NECESSARY TO SEE A PHYSICIAN.NEWMAN MEMORIAL HOSPITAL PROVIDES QUALITY MEDICAL HEALTHCARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, DISABILITY, AGE, OR ABILITY TO PAY. (CONTINUED ON SCHEDULE O)ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF THE HOSPITAL, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES. OUR MISSION IS TO SERVE THE COMMUNITY WITH RESPECT AND PROVIDE HEALTHCARE SERVICES AND HEALTHCARE EDUCATION. THEREFORE, IN KEEPING WITH THE HOSPITAL'S COMMITMENT TO SERVE ALL MEMBERS OF ITS COMMUNITY, FREE CARE AND/OR SUBSIDIZED CARE, CARE PROVIDED TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT BELOW COST, HEALTH ACTIVITIES AND PROGRAMS TO SUPPORT THE COMMUNITY WILL BE CONSIDERED WHERE THE NEED AND/OR AN INDIVIDUAL'S INABILITY TO PAY COEXISTS.THE HOSPITAL PROVIDES HEALTH CARE SERVICES TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ESTABLISHED RATES. SINCE THE HOSPITAL DOES NOT PURSUE COLLECTION OF THESE AMOUNTS, THEY ARE NOT REPORTED AS PATIENT SERVICE REVENUE. THE ESTIMATED COST OF PROVIDING THESE SERVICES WAS $57,000 FOR THE YEAR ENDED DECEMBER 31, 2021, CALCULATED BY MULTIPLYING THE RATIO OF COST TO GROSS CHARGES FOR THE HOSPITAL BY THE GROSS UNCOMPENSATED CHARGES ASSOCIATED WITH PROVIDING CHARITY CARE TO ITS PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danna Stuart MD Chief Of Medical Staff - Director | Trustee | 43 | $311,924 |
Stace Holland CEO As Of March 2021 | Officer | 40 | $138,820 |
Shandy Baggs Aprn (jul-Dec) | 40 | $115,703 | |
Brittany Rash Controller Until October 2021 | Officer | 40 | $87,265 |
Steve Brock CFO As Of March 2021 | Officer | 40 | $72,758 |
Gregory Huenergardt Dph President & Contract Pharm | OfficerTrustee | 5 | $20,833 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Picis Clinical Solutions Billing & Coding Services | 12/30/21 | $112,007 |
Hospital Care Consultants Physician Services | 12/30/21 | $753,596 |
Nw Physical Therapy Physical Therapy | 12/30/21 | $123,234 |
Arclight Group It Services | 12/30/21 | $532,567 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,847,932 |
| All other contributions, gifts, grants, and similar amounts not included above | $400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,848,332 |
| Total Program Service Revenue | $8,098,002 |
| Investment income | $1,991 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,138 |
| Net Gain/Loss on Asset Sales | $164 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,198,322 |
| 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. | $652,098 |
| Compensation of current officers, directors, key employees. | $309,605 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,879,681 |
| Pension plan accruals and contributions | $43,532 |
| Other employee benefits | $230,495 |
| Payroll taxes | $228,723 |
| Fees for services: Management | $66,000 |
| Fees for services: Legal | $9,556 |
| Fees for services: Accounting | $48,127 |
| Fees for services: Lobbying | $400 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,989,727 |
| Advertising and promotion | $26,714 |
| Office expenses | $468,826 |
| Information technology | $21,022 |
| Royalties | $0 |
| Occupancy | $265,428 |
| Travel | $49,664 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $104 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,100 |
| Insurance | $86,361 |
| All other expenses | $286,042 |
| Total functional expenses | $9,453,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225 |
| Savings and temporary cash investments | $2,951,287 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,281,857 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $146,275 |
| Prepaid expenses and deferred charges | $46,904 |
| Net Land, buildings, and equipment | $38,750 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $67,500 |
| Other assets | $7,500 |
| Total assets | $4,540,298 |
| Accounts payable and accrued expenses | $1,682,081 |
| Grants payable | $0 |
| Deferred revenue | $1,193,938 |
| 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 | $62,270 |
| Other liabilities | $534,965 |
| Total liabilities | $3,473,254 |
| Net assets without donor restrictions | $1,067,044 |
| 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 | $4,540,298 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicot Memorial Medical Center Lake Village, AR | $20,694,512 | $22,104,345 |
Delta Memorial Hospital Dumas, AR | $19,360,595 | $24,048,672 |
St Marys Warrick Hospital Inc St Louis, MO | $9,424,300 | $16,745,363 |
St Vincent Clay Hospital Inc St Louis, MO | $12,816,129 | $21,118,417 |
Dardanelle Regional Llc Dardanelle, AR | $9,058,761 | $17,081,430 |
Pawnee Valley Community Hospital Inc Larned, KS | $21,161,892 | $18,392,214 |
Ninnescah Valley Health Systems Inc Kingman, KS | $15,148,315 | $17,489,172 |
St Bernard Community Hospital Corporation Wynne, AR | $12,847,448 | $21,788,321 |
Amberwell Atchison Association Atchison, KS | $58,039,761 | $15,492,633 |
Mercy St Francis Hospital Mountain View, MO | $3,790,115 | $15,228,465 |
Clayton Health Systems Inc Clayton, NM | $19,342,828 | $19,073,087 |
Falls Community Hospital And Clinic Marlin, TX | $16,201,440 | $24,067,895 |