Armstrong County Memorial Hospital
- Assets
- $79.0m
- Revenue
- $128.5m
- Investments
- $8.2m
- Employees
- 1,198
- Location
- Kittanning, PA
- Founding
- 05/1937
- Data as of
- 06/2022
- EIN
- 25-0965237
Organization Overview
Armstrong County Memorial Hospital, operating under the name Armstrong Memorial Hospital, is located in Kittanning, PA. The organization was established in 1937. 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, Armstrong Memorial Hospital employed 1,198 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armstrong Memorial Hospital 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, Armstrong Memorial Hospital generated $128.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $130.8m during the year ending 06/2022. While expenses have increased by 3.5% 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
THE MISSION OF ARMSTRONG MEMORIAL HOSPITAL IS TO IMPROVE THE HEALTH AND WELL-BEING OF THE RESIDENTS OF ARMSTRONG AND NEIGHBORING COUNTIES.
Describe the Organization's Program Activity:
ACMH HOSPITAL PROVIDES OUTPATIENT SERVICES SUCH AS RADIOLOGY, LABORATORY, EMERGENCY VISITS, AMBULATORY SURGERY, AND OTHER VARIOUS SERVICES. DURING THE FISCAL YEAR, TOTAL OUTPATIENT REGISTRATIONS WERE 197,379.
ACMH HOSPITAL PROVIDES INPATIENT SERVICES SUCH AS MEDICAL AND SURGICAL, ACUTE REHAB, SKILLED NURSING, OB/GYN, HOSPITALIST, ICU/CCU, PSYCHIATRIC, MEDICAL WITHDRAW AND NURSERY. ACMH HOSPITAL IS A CERTIFIED PRIMARY STROKE CENTER AND ALSO PERFORMS PERCUTANEOUS CORONARY INTERVENTION TO TREAT NARROWED CORONARY ARTERIES. DURING THE FISCAL YEAR, TOTAL ADMISSIONS WERE 3,489 AND PATIENT DAYS WERE 20,183.
ACMH HOSPITAL PROVIDES RURAL HEALTH CLINICS AT SEVERAL SURROUNDING COMMUNITY LOCATIONS INCLUDING LEECHBURG, ELDERTON, RURAL VALLEY, KITTANNING, WEST HILLS AND NEW BETHLEHEM. TOTAL VISITS FOR ALL PHYSICIAN CLINICS TOTALED 63,034. THE PHYSICIAN CLINICS ALSO OFFER CHARITY CARE UNDER THE SAME POLICY AS ACMH HOSPITAL. TOTAL CHARITY CARE RELATING TO THE PHYSICIAN CLINICS FOR THE CURRENT FISCAL YEAR WAS 1,356. SEE SCHEDULE O FOR MORE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John I Lewis President And CEO | OfficerTrustee | 39 | $517,479 |
James Backstrom MD Chief Medical Officer | OfficerTrustee | 39 | $415,665 |
Adam Akers Physician | 40 | $379,305 | |
Jon Belasco Physician | 40 | $353,932 | |
Matthew Kociola Cfo, VP Of Finance | Officer | 39 | $301,035 |
Sagnik Adhikari Physician | 40 | $327,286 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Children's Community Ped Pediatric | 6/29/22 | $607,820 |
Consilum Staffing Llc Staffing | 6/29/22 | $605,209 |
Comphealth Prof. Services | 6/29/22 | $448,544 |
Bkd Llp Audit/tax/consulting | 6/29/22 | $322,954 |
Armstrong Security And Investigatio Security | 6/29/22 | $282,958 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100,000 |
| Government grants | $3,887,714 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,830 |
| Noncash contributions included in lines 1a–1f | $71,478 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,299,544 |
| Total Program Service Revenue | $121,547,996 |
| Investment income | $213,362 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $426,992 |
| Net Gain/Loss on Asset Sales | $491,452 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $128,486,481 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,950 |
| 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. | $2,188,292 |
| Compensation of current officers, directors, key employees. | $1,175,828 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,036,563 |
| Pension plan accruals and contributions | $1,610,072 |
| Other employee benefits | $11,366,392 |
| Payroll taxes | $4,107,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $393,855 |
| Fees for services: Accounting | $155,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,292 |
| Fees for services: Other | $23,701,523 |
| Advertising and promotion | $342,037 |
| Office expenses | $5,923,506 |
| Information technology | $1,153,649 |
| Royalties | $0 |
| Occupancy | $2,281,763 |
| Travel | $63,286 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75,140 |
| Interest | $117,099 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,296,465 |
| Insurance | $866,239 |
| All other expenses | $561,023 |
| Total functional expenses | $130,826,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,624,016 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,754,198 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,895,652 |
| Prepaid expenses and deferred charges | $1,895,282 |
| Net Land, buildings, and equipment | $29,857,240 |
| Investments—publicly traded securities | $4,088,793 |
| Investments—other securities | $8,166,560 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,725,582 |
| Total assets | $79,007,323 |
| Accounts payable and accrued expenses | $14,002,367 |
| Grants payable | $0 |
| Deferred revenue | $296,177 |
| 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 | $15,444,803 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,071,394 |
| Total liabilities | $40,814,741 |
| Net assets without donor restrictions | $38,192,582 |
| 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 | $79,007,323 |