Hoosier Care Inc
- Assets
- $60.3m
- Revenue
- $24.0m
- Investments
- $0.0
- Employees
- 436
- Location
- Nashville, TN
- Founding
- 08/1989
- Data as of
- 06/2023
- EIN
- 20-0377349
Organization Overview
Hoosier Care Inc is located in Nashville, TN. The organization was established in 1989. 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 06/2023, Hoosier Care Inc employed 436 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Hoosier Care 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 06/2023, Hoosier Care Inc generated $24.0m 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 $26.2m during the year ending 06/2023. While expenses have increased by 6.7% 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
THE ORGANIZATION WAS ESTABLISHED TO OWN, MAINTAIN, AND OPERATE NURSING HOMES FOR ELDERLY PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OWNS 8 SKILLED NURSING FACILITIES IN INDIANA, ILLINOIS AND TENNESSEE, 2 OF WHICH ALSO PROVIDE ASSISTED LIVING SERVICES. ADDITIONALLY, THE ORGANIZATION SERVES AS THE OPERATOR FOR 3 OF THESE COMMUNITIES. THE REMAINING 5 COMMUNITIES ARE OPERATED BY RELATED ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director/president | OfficerTrustee | 2 | $0 |
Name Not Listed Director/chairman | Trustee | 0.2 | $0 |
Name Not Listed Director | Trustee | 0.2 | $0 |
Name Not Listed Director | Trustee | 0.2 | $0 |
Name Not Listed Director | Trustee | 0.2 | $0 |
Name Not Listed Director | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Guardian Pharmacy Of Indianapolis Ltc Pharmacy | 6/29/23 | $404,009 |
Shiftkey Llc Contract Nursing | 6/29/23 | $294,119 |
Restup Llc Contract Nursing | 6/29/23 | $373,694 |
Continuum Therapy Partners Llc Therapy | 6/29/23 | $249,303 |
Medical Solutions Llc Contract Nursing | 6/29/23 | $226,068 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,044 |
| Total Program Service Revenue | $23,918,710 |
| Investment income | $7,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $23,995,635 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,678,908 |
| Pension plan accruals and contributions | $34,379 |
| Other employee benefits | $1,539,474 |
| Payroll taxes | $732,078 |
| Fees for services: Management | $1,247,559 |
| Fees for services: Legal | $19,113 |
| Fees for services: Accounting | $136,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,758,237 |
| Advertising and promotion | $7,982 |
| Office expenses | $141,289 |
| Information technology | $233,252 |
| Royalties | $0 |
| Occupancy | $1,992,369 |
| Travel | $29,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,163 |
| Interest | $761,790 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,337,594 |
| Insurance | $582,972 |
| All other expenses | $0 |
| Total functional expenses | $26,203,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,993 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,434,214 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $756,829 |
| Net Land, buildings, and equipment | $52,334,517 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,159,617 |
| Other assets | $2,386,084 |
| Total assets | $60,274,254 |
| Accounts payable and accrued expenses | $1,641,994 |
| 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 | $32,659,684 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,707,661 |
| Total liabilities | $77,009,339 |
| Net assets without donor restrictions | -$16,735,085 |
| 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 | $60,274,254 |