Ferrell Hospital Community Foundation
- Assets
- $55.1m
- Revenue
- $40.1m
- Investments
- $0.0
- Employees
- 352
- Location
- Eldorado, IL
- Founding
- 11/2005
- Data as of
- 03/2022
- EIN
- 20-1244058
Organization Overview
Ferrell Hospital Community Foundation is located in Eldorado, IL. The organization was established in 2005. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 03/2023, Ferrell Hospital Community Foundation employed 352 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ferrell Hospital Community 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 03/2022, Ferrell Hospital Community Foundation generated $40.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $39.4m during the year ending 03/2022. While expenses have increased by 12.3% 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
OPERATE ACUTE CARE HOSPITAL - DEDICATED TO IMPROVING THE HEALTH AND QUALITY OF LIFE FOR THE PEOPLE AND COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FERRELL HOSPITAL COMMUNITY FOUNDATION (FHCF) OFFERS QUALITY HEALTHCARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. FHCF PROVIDES MEDICAL CARE TO OUTPATIENTS AND INPATIENTS AS WELL AS PROVIDES VARIOUS COMMUNITY BENEFITS TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph A Jackson MD Physician | 40 | $503,916 | |
Nate Oldham MD Board Member/physician | Trustee | 40 | $486,369 |
Janna Pathi MD Surgeon | 30 | $470,094 | |
Caleb Mitchell DO Physician | 40 | $381,824 | |
David Gunzel Physician | 40 | $292,511 | |
Luke Hall Physician | 40 | $269,610 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deaconess Hospital Er Physicians | 3/30/23 | $1,539,913 |
Progressive Health Of Indiana Llc Physical And Occupational Therapists | 3/30/23 | $1,334,550 |
Eldorado Emergency Group Pc Er Services | 3/30/23 | $872,102 |
Egyptian Health Department Human Health Services | 3/30/23 | $749,350 |
Deaconess Regional Healthcare Services Er Physicians, Management Fees | 3/30/23 | $655,257 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $57,038 |
| Related organizations | $0 |
| Government grants | $3,179,171 |
| All other contributions, gifts, grants, and similar amounts not included above | $710,664 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,946,873 |
| Total Program Service Revenue | $35,886,460 |
| Investment income | $24,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,090 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,115 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,112,130 |
| 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. | $663,474 |
| Compensation of current officers, directors, key employees. | $96,003 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,792,961 |
| Pension plan accruals and contributions | $178,062 |
| Other employee benefits | $2,296,124 |
| Payroll taxes | $979,932 |
| Fees for services: Management | $756,735 |
| Fees for services: Legal | $246,106 |
| 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 | $8,731,309 |
| Advertising and promotion | $140,220 |
| Office expenses | $528,088 |
| Information technology | $148,141 |
| Royalties | $0 |
| Occupancy | $559,013 |
| Travel | $55,668 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,341 |
| Interest | $860,284 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,264,479 |
| Insurance | $422,397 |
| All other expenses | $169,073 |
| Total functional expenses | $39,435,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,495,963 |
| Savings and temporary cash investments | $6,789,142 |
| Pledges and grants receivable | $300,000 |
| Accounts receivable, net | $4,024,381 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $251,499 |
| Inventories for sale or use | $907,787 |
| Prepaid expenses and deferred charges | $328,040 |
| Net Land, buildings, and equipment | $37,239,813 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $14,600 |
| Other assets | $737,609 |
| Total assets | $55,088,834 |
| Accounts payable and accrued expenses | $6,713,281 |
| Grants payable | $0 |
| Deferred revenue | $2,234,398 |
| Tax-exempt bond liabilities | $34,586,302 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,101,429 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $218,312 |
| Total liabilities | $46,853,722 |
| Net assets without donor restrictions | $7,635,112 |
| Net assets with donor restrictions | $600,000 |
| 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 | $55,088,834 |