Mississippi Methodist Hospital Rehabilitation Center Inc
- Assets
- $91.0m
- Revenue
- $63.6m
- Investments
- $43.1m
- Employees
- 897
- Location
- Jackson, MS
- Founding
- 04/1970
- Data as of
- 06/2022
- EIN
- 23-7067206
Organization Overview
Mississippi Methodist Hospital Rehabilitation Center Inc, operating under the name Methodist Rehabilitation Center, is located in Jackson, MS. The organization was established in 1970. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Methodist Rehabilitation Center employed 897 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Methodist Rehabilitation Center 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, Methodist Rehabilitation Center generated $63.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $69.8m during the year ending 06/2022. While expenses have increased by 3.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MISSISSIPPI METHODIST REHABILITATION CENTER PROVIDES COMPREHENSIVE MEDICAL REHABILITATION SERVICES TO HELP PEOPLE RECOVER ABILITIES AND QUALITY OF LIFE AFTER A STROKE, SPINAL CORD INJURY, TRAUMATIC BRAIN INJURY, NEUROLOGICAL DISEASE OR ORTHOPEDIC DISORDER. SINCE 1975, METHODIST REHAB HAS TREATED MORE THAN 1,000 PERSONS PER YEAR IN ITS STATE-OF-THE-ART INPATIENT REHABILITATION HOSPITAL, AND TENS OF THOUSANDS PER YEAR IN OUTPATIENT CARE FACILITIES. THE CENTER ALSO PROVIDES HOUSING FOR SEVERELY DISABLED PERSONS, AND A HOST OF SUPPORT SERVICES TO ADDRESS THE LIFELONG NEEDS OF DISABLED CITIZENS. IT IS THE ONLY REHABILITATION CENTER IN THE STATE AND REGION THAT PROVIDES THIS COMPREHENSIVE LEVEL OF REHABILITATION CARE.
Describe the Organization's Program Activity:
ROUTINE SERVICES - HEALTH CARE - REVENUE RELATED TO INPATIENT BED COST INCLUDING NURSING AND CARE RELATED COST TO PROPERLY ADHERE TO OUR PATIENT HOUSING NEEDS.
INTEREST, DEPRECIATION, AMORTIZATION, AND BAD DEBTS RELATING (A) AND (B)
ANCILLARY SERVICES - REVENUE RELATED TO SUPPORT THE MEDICAL STAFF TO DIAGNOSE AND PROVIDE PROCEDURES ORDERED BY MEDICAL STAFF, SUCH AS RADIOLOGY SERVICES, PHARMACY SERVICES AND OUTPATIENT SERVICES JUST TO NAME A FEW.
ADMINISTRATIVE EXPENSES RELATING TO (A) AND (B)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter S Weems Trustee - Executive Commit | Trustee | 0.6 | $0 |
Michael Reddix MD Secretary - Executive Comm | Trustee | 0.6 | $0 |
Mike P Sturdivant Jr Treasurer - Executive Comm | Trustee | 0.6 | $0 |
William R James Trustee - Executive Comitt | Trustee | 0.6 | $0 |
Matthew L Holleman III Trustee - Executive Commit | Trustee | 0.6 | $0 |
William A Ray Trustee | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
St Dominic Memorial Hospital Labs Services | 6/29/22 | $265,741 |
Horizon Construction Company Construction | 6/29/22 | $577,128 |
Cardinal Health Pharmacy Solutions Pharmacy Services | 6/29/22 | $263,558 |
Ummc Pr Rehab Services | 6/29/22 | $235,000 |
Cloudwave It Services | 6/29/22 | $233,294 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $559,147 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,197 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $647,344 |
| Total Program Service Revenue | $61,515,416 |
| Investment income | $334,103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $209,885 |
| Net Gain/Loss on Asset Sales | $268,386 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,613,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| 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. | $1,853,045 |
| Compensation of current officers, directors, key employees. | $1,581,079 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,453,684 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,096,648 |
| Payroll taxes | $2,557,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $251,069 |
| Office expenses | $2,786,193 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $915,645 |
| Travel | $93,731 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $199,582 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,022,182 |
| Insurance | $1,088,688 |
| All other expenses | $1,755,047 |
| Total functional expenses | $69,849,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,202 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,770,214 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $905,013 |
| Prepaid expenses and deferred charges | $990,222 |
| Net Land, buildings, and equipment | $32,814,559 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $43,119,480 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,972,445 |
| Total assets | $90,980,135 |
| Accounts payable and accrued expenses | $6,563,844 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $980,000 |
| 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 | $6,674,248 |
| Total liabilities | $14,218,092 |
| Net assets without donor restrictions | $76,662,257 |
| Net assets with donor restrictions | $99,786 |
| 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 | $90,980,135 |
Grants Awarded
Over the last fiscal year, Mississippi Methodist Hospital Rehabilitation Center Inc has awarded $52,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE MIRACLE LEAGUE OF CENTRAL MISSISSIPPI PURPOSE: DONATION | $25,000 |
WILSON RESEARCH FOUNDATION PURPOSE: DONATION | $22,000 |
MARKS-QUITMAN CIVIL RIGHTS - COMMUNITY FOUNDATION OF NORTHWEST MISSISSIPPI PURPOSE: DONATION | $5,000 |