Mt Graham Regional Medical Center Inc
- Assets
- $130.0m
- Revenue
- $97.3m
- Investments
- $6.9m
- Employees
- 630
- Location
- Safford, AZ
- Founding
- 05/1971
- Data as of
- 12/2023
- EIN
- 23-7094247
Organization Overview
Mt Graham Regional Medical Center Inc is located in Safford, AZ. The organization was established in 1971. 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 12/2023, Mt Graham Regional Medical Center Inc employed 630 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Graham Regional Medical Center 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 12/2023, Mt Graham Regional Medical Center Inc generated $97.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $90.8m during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 9 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
TO PROVIDE QUALITY AND COMPASSIONATE HEALTH CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MT. GRAHAM REGIONAL MEDICAL CENTER, INC. IS A 25-BED HOSPITAL LOCATED IN GRAHAM COUNTY, ARIZONA. EFFECTIVE SEPTEMBER 28, 2021, THE MEDICAL CENTER BECAME LICENSED AS A CRITICAL ACCESS HOSPITAL BY THE CENTERS FOR MEDICARE & MEDICAID SERVICES FOR REIMBURSEMENT OF SERVICES PROVIDED TO MEDICARE BENEFICIARIES. WE ARE A NONPROFIT, COMMUNITY-OWNED AND GOVERNED FACILITY PROVIDING EXTENSIVE MEDICAL SERVICES FOR GRAHAM AND GREENLEE COUNTIES OF ARIZONA. OUR SERVICES INCLUDE MEDICAL/SURGICAL SERVICES, INTENSIVE CARE, OBSTETRICS, EMERGENCY SERVICES, INFUSION THERAPY, CHEMOTHERAPY, RESPIRATORY THERAPY, LABORATORY SERVICES, RADIOLOGY, DIGITAL MAMMOGRAPHY, ULTRASOUND, CT SCANS, MRI SCANS, AND NUCLEAR MEDICINE. (CONTINUED ON SCHEDULE O.)IN ADDITION TO THE SERVICES PROVIDED BY THE MEDICAL CENTER, EACH MONTH THE FOLLOWING SPECIALTY CARE CLINICS ARE PROVIDED ON THE HOSPITAL CAMPUS: ALLERGY AND IMMUNOLOGY; OTOLARYNGOLOGIST (EAR NOSE THROAT); CARDIOLOGY; DERMATOLOGY; ONCOLOGY; ORTHOPEDICS; PEDIATRIC CARDIOLOGY; PEDIATRIC ENDOCRINOLOGY; PEDIATRIC PULMONARY; KIDNEY, DISABILITY; ENDOCRINOLOGY; AND UROLOGY.IN 2023, THE MEDICAL CENTER HAD 3,508 TOTAL INPATIENT DAYS AND 117,691 VISITS.THE MEDICAL CENTER PROVIDES HEALTH CARE SERVICES TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ESTABLISHED RATES. SINCE THE HOSPITAL DOES NOT PURSUE COLLECTION OF THESE AMOUNTS, THEY ARE NOT REPORTED AS PATIENT SERVICE REVENUE. THE ESTIMATED COST OF PROVIDING THESE SERVICES WAS APPROXIMATELY $358,000 FOR THE YEAR ENDED DECEMBER 31, 2023, CALCULATED BY MULTIPLYING THE RATIO OF COST TO GROSS CHARGES FOR THE MEDICAL CENTER BY THE GROSS UNCOMPENSATED CHARGES ASSOCIATED WITH PROVIDING CHARITY CARE TO ITS PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caro Gaethje Chair | OfficerTrustee | 1 | $0 |
Debbie Watson Vice Chair | OfficerTrustee | 1 | $0 |
Cindy Bryce Secretary/treasurer | OfficerTrustee | 1 | $0 |
Bart J Carter MD Facs Member/general Surgery | Trustee | 41 | $661,384 |
Brandon Welker DO Member/chief Of Staff | Trustee | 24 | $22,769 |
Clayton Hargis DO Member/vice Chief Of Staff | Trustee | 37 | $463,906 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bfl Construction Company Construction Services | 12/30/23 | $2,576,325 |
Medical Solutions Llc Locum Respiratory, Lab, Surgery, & Medsu | 12/30/23 | $1,786,145 |
Roadrunner Rehab Physical Therapy Services | 12/30/23 | $1,681,948 |
Sentinel Technologies Inc It Support Services | 12/30/23 | $864,561 |
Mountain View Anesthesia Pc Anesthesia Services | 12/30/23 | $816,667 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $99,025 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,182 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,207 |
| Total Program Service Revenue | $95,157,086 |
| Investment income | $1,512,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $448,373 |
| Net Gain/Loss on Asset Sales | -$42,219 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,339,356 |
| 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. | $2,228,749 |
| Compensation of current officers, directors, key employees. | $544,735 |
| Compensation to disqualified persons | $1,379,604 |
| Other salaries and wages | $34,852,385 |
| Pension plan accruals and contributions | $959,426 |
| Other employee benefits | $4,051,263 |
| Payroll taxes | $2,482,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $201,360 |
| Fees for services: Accounting | $93,916 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,061,739 |
| Advertising and promotion | $174,869 |
| Office expenses | $5,961,182 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $902,129 |
| Travel | $167,397 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $127,736 |
| Interest | $73,358 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,020,381 |
| Insurance | $1,368,474 |
| All other expenses | $2,913 |
| Total functional expenses | $90,803,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,400,922 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,614,722 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $65,008 |
| Inventories for sale or use | $2,035,211 |
| Prepaid expenses and deferred charges | $1,590,628 |
| Net Land, buildings, and equipment | $33,135,656 |
| Investments—publicly traded securities | $50,599,921 |
| Investments—other securities | $6,926,093 |
| Investments—program-related | $155,410 |
| Intangible assets | $325,430 |
| Other assets | $19,119,886 |
| Total assets | $129,968,887 |
| Accounts payable and accrued expenses | $6,479,010 |
| Grants payable | $0 |
| Deferred revenue | $572,803 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,885,444 |
| Total liabilities | $17,937,257 |
| Net assets without donor restrictions | $111,841,713 |
| Net assets with donor restrictions | $189,917 |
| 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 | $129,968,887 |