Wellstar Spalding Regional Hospital Inc
- Assets
- $260.8m
- Revenue
- $153.8m
- Investments
- $0.0
- Employees
- 1,104
- Location
- Marietta, GA
- Founding
- 10/2016
- Data as of
- 06/2022
- EIN
- 81-0864789
Organization Overview
Wellstar Spalding Regional Hospital Inc is located in Marietta, GA. The organization was established in 2016. 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 06/2022, Wellstar Spalding Regional Hospital Inc employed 1,104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellstar Spalding Regional 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 06/2022, Wellstar Spalding Regional Hospital Inc generated $153.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $161.8m during the year ending 06/2022. While expenses have increased by 6.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candice Saunders President & CEO | Officer | 1 | $0 |
John Brennan Evp Chief Clin Integ Officer | Officer | 1 | $0 |
Rob Schreiner Evp Chief Physician Executive | Officer | 1 | $0 |
Kem Mullins Evp Ambulatory & Bus Dev | Officer | 1 | $0 |
Anthony J Budzinski Evp & CFO | Officer | 1 | $0 |
Leo Reichert Evp & General Counsel | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,037,352 |
| 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 | $2,037,352 |
| Total Program Service Revenue | $150,462,534 |
| Investment income | -$119,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $718,013 |
| 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 | $153,828,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,745 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,013,666 |
| Compensation of current officers, directors, key employees. | $402,733 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,364,603 |
| Pension plan accruals and contributions | $1,118,684 |
| Other employee benefits | $14,775,930 |
| Payroll taxes | $4,237,909 |
| Fees for services: Management | $3,834,645 |
| Fees for services: Legal | $16,753 |
| 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 | $14,119,463 |
| Advertising and promotion | $12,106 |
| Office expenses | $566,944 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,996,447 |
| Travel | $158,325 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,122,063 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,838,919 |
| Insurance | $1,565,732 |
| All other expenses | $1,677,105 |
| Total functional expenses | $161,837,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $842,442 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,968,201 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,109,990 |
| Prepaid expenses and deferred charges | $1,294,031 |
| Net Land, buildings, and equipment | $89,990,707 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $140,570,789 |
| Total assets | $260,776,160 |
| Accounts payable and accrued expenses | $14,464,276 |
| 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 | $208,190,194 |
| Total liabilities | $222,654,470 |
| Net assets without donor restrictions | $38,121,190 |
| Net assets with donor restrictions | $500 |
| 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 | $260,776,160 |