Grady Memorial Hospital Corporation is located in Atlanta, GA. The organization was established in 2008. 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 12/2021, Grady Memorial Hospital Corporation employed 9,106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grady Memorial Hospital Corporation 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, Grady Memorial Hospital Corporation generated $2.1b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $2.0b during the year ending 12/2021. While expenses have increased by 8.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GRADY HEALTH SYSTEM IMPROVES THE HEALTH OF THE COMMUNITY BY PROVIDING QUALITY, COMPREHENSIVE HEALTHCARE IN A COMPASSIONATE, CULTURALLY COMPETENT, ETHICAL, AND FISCALLY RESPONSIBLE MANNER. GRADY MAINTAINS ITS COMMITMENT TO THE UNDERSERVED OF FULTON AND DEKALB COUNTIES WHILE ALSO PROVIDING CARE TO RESIDENTS OF METRO ATLANTA AND GEORGIA. GRADY LEADS THROUGH CLINICAL EXCELLENCE, INNOVATIVE RESEARCH AND PROGRESSIVE MEDICAL EDUCATION AND TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
4A PROGRAM SERVICE -CHARITY, UNINSURED, UNDERINSURED AND INDIGENT CARE: IN THE 1800'S ATLANTA'S INDIGENT SICK HAD NO PLACE TO GO TO RECEIVE MEDICAL TREATMENT FOR ILLNESS OR INJURY. THEREFORE, A DRIVE WAS BEGUN TO BUILD GRADY MEMORIAL HOSPITAL (GRADY). ON JUNE 1, 1892, GRADY ADMITTED ITS FIRST PATIENT. AS OF TODAY, GRADY CONTINUES TO BE THE SAFETY NET HOSPITAL FOR THE UNINSURED AND UNDERINSURED CITIZENS OF FULTON AND DEKALB COUNTIES AND THE STATE OF GEORGIA. AS THE LARGEST SAFETY NET HOSPITAL IN THE STATE AND ONE OF THE LARGEST IN THE COUNTRY, ITS MISSION IS (1) TO PROVIDE MEDICAL SERVICES TO UNINSURED, UNDERINSURED, OR INDIGENT PATIENTS; (2) TO PROVIDE AN OPEN ACCESS POLICY FOR RESIDENTS OF FULTON AND DEKALB COUNTIES REGARDLESS OF THEIR ABILITY TO PAY; (3) AND TO PROVIDE A PROVISION FOR SIGNIFICANT UNCOMPENSATED INDIGENT AND CHARITY CARE. DURING 2021, GRADY PROVIDED CARE TO MORE THAN 114,225 UNDER AND UNINSURED PATIENTS WHICH REPRESENT APPROXIMATELY 59% OF ITS TOTAL PATIENTS WITH ABOUT 460,287 PATIENT ENCOUNTERS, COSTING APPROXIMATELY $ 536M. GRADY RECEIVES SOME REIMBURSEMENT FROM FULTON AND DEKALB COUNTIES, MEDICAID, AND SOME FUNDING FROM THE STATE OF GEORGIA'S INDIGENT CARE TRUST FUND (INCLUDING FEDERAL MATCHING FUNDS) TO HELP SUPPORT THE COSTS OF CARING FOR SO MANY IN THE REGION. GRADY HAS BEEN AND CONTINUES TO BE SIGNIFICANTLY CHALLENGED BY THE FINANCIAL BURDEN OF PROVIDING SO MUCH FREE CARE TO THE REGION.
4B PROGRAM SERVICE -GRADUATE MEDICAL EDUCATION: GRADY MEMORIAL HOSPITAL CORPORATION (GMHC) HAS AFFILIATION AGREEMENTS WITH EMORY UNIVERSITY AND MOREHOUSE SCHOOLS OF MEDICINE TO SUPPORT THE TEACHING AND SUPERVISION OF RESIDENTS IN THE ORGANIZATION, AS WELL AS TO PROVIDE PROFESSIONAL CLINICAL AND ADMINISTRATIVE SERVICES. IN 2021 MORE THAN 1,000 RESIDENTS AND FELLOWS FROM EMORY AND MOREHOUSE PROGRAMS ROTATED THROUGH A BROAD SPECTRUM OF SERVICES IN THE ORGANIZATION. ADDITIONALLY, HUNDREDS OF MEDICAL STUDENTS BENEFITED FROM TRAINING IN THE ORGANIZATION. GMHC OFFERS UNIQUE LEARNING EXPERIENCES FOR RESIDENTS BY PROVIDING EXPOSURE TO TRAUMA, BURN, INFECTIOUS DISEASE, SICKLE CELL, NEUROLOGY AND OTHER COMPLEX CASES AND HOSTS A SIGNIFICANT NUMBER OF CLINICAL RESEARCH TRIALS TO ENHANCE THE RESIDENTS' EDUCATIONAL EXPERIENCE. GMHC PROVIDED IN EXCESS OF $121M IN SUPPORT RELATIVE TO TEACHING SERVICES. IN 2021, REIMBURSEMENT FOR TEACHING SERVICES FROM MEDICARE, MEDICAID AND OTHER GOVERNMENTAL FUNDS TOTALED $ 68M.
4C PROGRAM SERVICE -EMERGENCY AND TRAUMA SERVICES: GRADY OPERATES ONE OF THE BUSIEST EMERGENCY DEPARTMENTS IN THE EASTERN UNITED STATES AND THE COUNTRY'S LARGEST HOSPITAL-BASED AMBULANCE SERVICE. GMHC OPERATES THE LARGEST LEVEL 1 TRAUMA CENTER IN THE ATLANTA METROPOLITAN AREA WHICH HANDLED 11,000 ACUTE TRAUMA CASES IN 2021. ADDITIONALLY, AS PART OF ITS TRAUMA SERVICE, GMHC OPERATES ONE OF ONLY TWO BURN CENTERS IN GEORGIA. THE NATIONALLY ACCLAIMED EMERGENCY CARE CENTER (ECC) HANDLED 111,592 EMERGENCY CASES IN 2021. THE EMERGENCY ROOM WAS THE INTAKE POINT FOR 22,000 OF THE SAFETY NET HOSPITAL'S TOTAL ADMISSIONS. GRADY'S EMS DIVISION STATEWIDE EMS OPERATION IS THE EXCLUSIVE 911 AMBULANCE PROVIDER FOR THE CITY OF ATLANTA INCLUDING SOUTH FULTON COUNTY, ALBANY, BALDWIN, BEN HILL, BROOKS, COOK, DECATUR, HANCOCK, MCINTOSH, MITCHELL, SEMINOLE, AND WORTH COUNTIES IN GEORGIA. THE GRADY EMS TEAM OF OVER 1350 EMS PROFESSIONALS HANDLE MORE THAN 246,000 CALLS THROUGHTOUT GEORGIA, IN 2021. ADDITIONALLY, GRADY EMS ALSO MANAGES A MOBILE INTEGRATED HEALTH (MIH) CARE PROGRAM WHICH PROVIDES PRE AND POST HOSPITAL CARE FOR PATIENTS IN AN EFFORT TO REDUCE THE STRAIN ON EMS AND ECC. MIH ALSO INCREASES ACCESS TO PREVENTATIVE CARE, WORKING TO REDUCE HOSPITAL RE-ADMITS AND LOWER LENGTH OF HOSPITAL STAYS. ALSO NOTABLE, GRADY EMS OPERATES ATLANTA'S LARGEST SPECIALIZED EVENT EMS DIVISION SERVING STADIUMS, CONCERTS, MARATHONS, AND FESTIVALS THROUGHOUT THE CITY OF ATLANTA.
GRADY'S OTHER PROGRAMS INCLUDE NATIONALLY RECOGNIZED PROGRAMS IN THE AREAS OF INFECTIOUS DISEASE, DIABETES, AND SICKLE CELL AS WELL AS REGIONAL SERVICE FOR NEONATAL TRANSPORT, MATERNAL AND INFANT PROJECT, CARDIOVASCULAR HEALTH, PSYCHOLOGY, BURN, CANCER AND MARCUS STROKE AND NEUROSCIENCE CENTER. PRIMARY CARE SERVICES ARE ALSO PROVIDED THROUGH HOSPITAL MAIN-CAMPUS DEPARTMENTS AND NEIGHBORHOOD CLINICS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John M Haupert Fache President And CEO | Officer | 40 | $4,043,310 |
Timothy Jefferson Exec VP / General Counsel | 40 | $1,243,414 | |
Richard Rhine Exec VP / CFO | Officer | 40 | $1,183,164 |
Robert Jansen Exec VP / Cmo | Officer | 40 | $1,111,921 |
Jacqueline Herd Exec VP / Cno | Officer | 40 | $1,094,778 |
Samual Todd Svp/chief Acute Care | 40 | $957,350 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Emory University Medical | 12/30/21 | $111,639,265 |
Skanska-russell A Joint Venture Construction Services | 12/30/21 | $51,564,556 |
Randstad Drug Supplier | 12/30/21 | $31,015,782 |
Morehouse School Of Medicine Medical Services | 12/30/21 | $45,964,064 |
Sodexo Inc And Affiliates Food And Cleaning Services | 12/30/21 | $32,981,745 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $55,434,953 |
All other contributions, gifts, grants, and similar amounts not included above | $118,473,787 |
Noncash contributions included in lines 1a–1f | $42,773,876 |
Total Revenue from Contributions, Gifts, Grants & Similar | $173,908,740 |
Total Program Service Revenue | $1,825,436,527 |
Investment income | $1,493,649 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $106,010 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,143,155,325 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $16,767,283 |
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. | $9,455,426 |
Compensation of current officers, directors, key employees. | $7,859,350 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $539,858,504 |
Pension plan accruals and contributions | $19,135,908 |
Other employee benefits | $60,078,585 |
Payroll taxes | $36,675,014 |
Fees for services: Management | $7,192,403 |
Fees for services: Legal | $1,066,182 |
Fees for services: Accounting | $598,552 |
Fees for services: Lobbying | $933,382 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $318,908,650 |
Advertising and promotion | $2,325,548 |
Office expenses | $19,524,589 |
Information technology | $23,142,881 |
Royalties | $0 |
Occupancy | $17,057,698 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,206,495 |
Interest | $1,301,615 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $70,515,010 |
Insurance | $28,272,322 |
All other expenses | $0 |
Total functional expenses | $2,022,170,744 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $118,648,928 |
Savings and temporary cash investments | $112,055,867 |
Pledges and grants receivable | $49,323,261 |
Accounts receivable, net | $182,422,319 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $28,882,877 |
Prepaid expenses and deferred charges | $15,505,882 |
Net Land, buildings, and equipment | $444,603,085 |
Investments—publicly traded securities | $80,627,080 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $351,843,298 |
Total assets | $1,383,912,597 |
Accounts payable and accrued expenses | $278,795,375 |
Grants payable | $0 |
Deferred revenue | $13,160,749 |
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 | $30,553,684 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $55,779,342 |
Total liabilities | $378,289,150 |
Net assets without donor restrictions | $944,287,984 |
Net assets with donor restrictions | $61,335,463 |
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 | $1,383,912,597 |
Over the last fiscal year, we have identified 5 grants that Grady Memorial Hospital Corporation has recieved totaling $2,162,949.
Awarding Organization | Amount |
---|---|
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: HEALTH CARE | $2,000,000 |
University Of Miami Coral Gables, FL PURPOSE: RESEARCH | $106,593 |
Jewish Federation Of Greater Atlanta Inc Atlanta, GA PURPOSE: DONATIONS | $50,000 |
Partners For Home Inc Atlanta, GA PURPOSE: CASE MANAGEMENT | $5,925 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $431 |
Organization Name | Assets | Revenue |
---|---|---|
First Health Of The Carolinas Inc Pinehurst, NC | $1,544,188,654 | $986,400,718 |
University Community Hospital Inc Tampa, FL | $1,235,213,568 | $915,701,443 |
Morton Plant Hospital Association Inc Clearwater, FL | $1,389,589,934 | $934,836,650 |
Mount Sinai Medical Center Of Florida Inc Miami Beach, FL | $992,427,664 | $901,856,611 |
Shands Jacksonville Medical Center Inc Jacksonville, FL | $750,537,278 | $894,366,475 |
Lakeland Regional Medical Center Inc Lakeland, FL | $799,528,886 | $860,757,084 |
Tallahassee Memorial Healthcare Inc Tallahassee, FL | $1,130,180,703 | $783,859,263 |
Mountain States Health Alliance Johnson City, TN | $556,120,495 | $805,201,599 |
Baptist Hospital Inc Pensacola, FL | $1,048,797,666 | $758,112,762 |
Baptist Memorial Hospital Memphis, TN | $691,981,947 | $770,663,628 |
Medical Center Of Central Georgia Inc Macon, GA | $1,397,526,718 | $800,413,800 |
Mcleod Regional Medical Center Of The Pee Dee Inc Florence, SC | $2,090,467,381 | $796,571,278 |