Hoosier Care Inc
- Assets
- $63.0m
- Revenue
- $23.0m
- Investments
- $0.0
- Employees
- 516
- Location
- Nashville, TN
- Founding
- 08/1989
- Data as of
- 06/2022
- 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 06/2022, Hoosier Care Inc employed 516 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 06/2022, Hoosier Care Inc generated $23.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $24.7m during the year ending 06/2022. While expenses have increased by 6.8% per year over the past 7 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
2022
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 NURSING HOMES IN INDIANA, ILLINOIS & TENNESSEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former COO | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Select Rehabilitation Llc Rehabilitation | 6/29/22 | $1,795,954 |
Guardian Pharmacy Of Indianapolis Ltc Pharmacy | 6/29/22 | $423,425 |
Amerathon Llc Lab | 6/29/22 | $183,410 |
4m Healthcare Covid Testing | 6/29/22 | $163,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $648,243 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,631 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $658,874 |
| Total Program Service Revenue | $22,351,263 |
| Investment income | $1,798 |
| 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 | $23,011,935 |
| 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 | $7,535,066 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,570,423 |
| Payroll taxes | $646,358 |
| Fees for services: Management | $1,193,081 |
| Fees for services: Legal | $15,211 |
| Fees for services: Accounting | $167,142 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,372,802 |
| Advertising and promotion | $0 |
| Office expenses | $142,061 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,882,889 |
| Travel | $16,290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,532 |
| Interest | $1,350,393 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,842,253 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $24,685,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $616,387 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,509,443 |
| 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 | $545,120 |
| Net Land, buildings, and equipment | $54,616,427 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,288,463 |
| Other assets | $2,446,708 |
| Total assets | $63,022,548 |
| Accounts payable and accrued expenses | $4,799,590 |
| 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 | $58,369,202 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,380,973 |
| Total liabilities | $77,549,765 |
| Net assets without donor restrictions | -$14,527,217 |
| 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 | $63,022,548 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton Community Hospital Inc Johnson City, TN | $0 | $44,059,462 |
Carilion Franklin Memorial Hospital Roanoke, VA | $34,418,043 | $53,453,560 |
Stephens County Hospital Authority Toccoa, GA | $31,750,136 | $50,289,631 |
Owensboro Health Twin Lakes Regional Medical Center Inc Owensboro, KY | $55,501,629 | $56,278,932 |
Carilion Rockbridge Community Hospital Roanoke, VA | $70,108,246 | $53,030,764 |
Ascension Borgess Allegan Hospital St Louis, MO | $32,866,970 | $39,637,859 |
Siskin Hospital For Physical Rehabilitation Chattanooga, TN | $126,934,150 | $48,552,060 |
Unity Medical Center Inc Manchester, TN | $57,842,404 | $53,886,351 |
Cox-Monett Hospital Inc Monett, MO | $76,112,407 | $40,685,063 |
Smyth County Community Hospital Johnson City, TN | $126,236,373 | $54,851,079 |
Chatham Hospital Inc Siler City, NC | $25,669,520 | $44,313,104 |
Bacon County Health Services Inc Alma, GA | $58,017,559 | $55,115,427 |