Community Health Systems Inc
- Assets
- $20.2m
- Revenue
- $9.6m
- Investments
- $18.7m
- Employees
- 23
- Location
- Attleboro, MA
- Founding
- 10/1985
- Data as of
- 12/2021
- EIN
- 22-2543622
Organization Overview
Community Health Systems Inc is located in Attleboro, MA. The organization was established in 1985. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Community Health Systems Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Health Systems 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, Community Health Systems Inc generated $9.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $7.3m during the year ending 12/2021. While expenses have increased by 13.7% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY HEALTH SYSTEMS, INC. PROVIDES MANAGEMENT SERVICES, FUND RAISING ACTIVITIES, INVESTMENT FUNCTIONS AND HOLDS COMMERCIAL REAL ESTATE PROPERTIES PRINCIPALLY FOR THE BENEFIT OF ITS TWO TAX EXEMPT HEALTH SERVICE AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLINICAL OPERATIONS MANAGEMENT: EXPENSES REPRESENT THE SALARY AND BENEFITS OF THE CLINICAL OPERATIONS OFFICER WHO IS A REGISTERED NURSE AND OVERSEES ALL ACTIVITY RELATED TO HOME HEALTH AND HOSPICE CARE OF THE AFFILIATED ORGANIZATIONS, BUT IS EMPLOYED BY THE PARENT ORGANIZATION. ALSO, PAYMENTS TO AFFILIATES (PART IX LINE 21) ARE DISTRIBUTIONS FROM INVESTMENTS TO OFFSET FREE CARE, OPERATIONAL NEEDS AND UNREIMBURSED EXPENSES FOR PROGRAM SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reynold G Spadoni CEO | 17.25 | $233,895 | |
Russell T Dubuc CFO | 16.5 | $104,364 | |
Marlene Roberti Director Of Business | 22 | $96,831 | |
Dawn Sullivan COO | 40 | $71,776 | |
Deborah Zapasnik Director Human Resou | 26 | $69,845 | |
Kevin Bowman MD Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,238 |
| Interest on Savings | $8,285 |
| Dividends & Interest | $322,638 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,295,446 |
| Capital Gain Net Income | $8,295,446 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $977,785 |
| Total Revenue | $9,615,392 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $379,654 |
| Other employee salaries and wages | $631,883 |
| Pension plans, employee benefits | $104,538 |
| Interest | $0 |
| Taxes | $68,200 |
| Depreciation | $4,724 |
| Occupancy | $238,191 |
| Travel, conferences, and meetings | $846 |
| Printing and publications | $0 |
| Other expenses | $89,104 |
| Total operating and administrative expenses | $1,798,853 |
| Contributions, gifts, grants paid | $5,482,510 |
| Total expenses and disbursements | $7,281,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,794 |
| Savings and temporary cash investments | $1,307,540 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $18,735,009 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,160,343 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $26,665 |
| Total liabilities | $26,665 |
Grants Awarded
Over the last fiscal year, Community Health Systems Inc has awarded $2,964,233 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Attleboro, MA PURPOSE: Direct Financial Support | $2,307,817 |
Attleboro, MA PURPOSE: Direct Financial Support | $656,416 |
Endowment Analysis
| Beg. Balance | $19,706,301 |
| Earnings | $2,278,068 |
| Admin Expense | $110,121 |
| Net Contributions | $2,882 |
| Other Expense | $147,371 |
| Ending Balance | $21,729,759 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Healthnet Corporation Boston, MA | $1,391,448 | $17,183,901 |
Albany Medical Center Saratoga Springs, NY | $17,328,223 | $18,761,699 |
Masonicare Corporation Wallingford, CT | $62,787,609 | $7,389,407 |
Metropolitan Medical Practice Plan Pc Bronx, NY | $6,076,770 | $14,643,918 |
Western Connecticut Health Network Affiliates Inc Danbury, CT | $7,022,021 | $12,529,671 |
Southcoast Health System Inc New Bedford, MA | $230,534,649 | $39,093,596 |
Mass General Brigham Incorporated Somerville, MA | $110,987,827 | $17,110,178 |
Exeter Health Resources Exeter, NH | $367,054,931 | $15,758,804 |
Buffalo Niagara Medical Campus Inc Buffalo, NY | $98,865,415 | $10,408,874 |
South Yarmouth Management Systems Inc Pittsfield, MA | $3,781,168 | $11,483,652 |
United Health Services Inc Binghamton, NY | $30,125,980 | $10,935,942 |
North Shore-Lij Cardiology At Deer Park Pc Westbury, NY | $1,851,842 | $8,492,015 |