Phoebe Sumter Medical Center Inc
- Assets
- $158.3m
- Revenue
- $104.7m
- Investments
- $0.0
- Employees
- 605
- Location
- Americus, GA
- Founding
- 05/2010
- Data as of
- 07/2021
- EIN
- 26-3975185
Organization Overview
Phoebe Sumter Medical Center Inc is located in Americus, GA. The organization was established in 2010. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 07/2021, Phoebe Sumter Medical Center Inc employed 605 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoebe Sumter 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 07/2021, Phoebe Sumter Medical Center Inc generated $104.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $95.4m during the year ending 07/2021. While expenses have increased by 6.5% per year over the past 6 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
PROVIDING CHARITABLE HEALTHCARE ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BE THE LEADING PROVIDER OF QUALITY, COST EFFECTIVE, PATIENT-CENTERED HEALTH CARE SERVICES TO RESIDENTS OF THE COMMUNITY, REGARDLESS OF ABILITY TO PAY. PSMC PURSUES ITS MISSION THROUGH A PATIENT-CENTERED ENVIRONMENT OF CARE REFLECTING HIGH STANDARDS AND PROMOTING A BALANCE OF PROFESSIONAL PREPARATION AND SERVICE, CONTINUOUS IMPROVEMENT BASED ON OUR CORE VALUES OF PEOPLE, RELATIONSHIPS, REPUTATION, EXCELLENCE, EFFICIENCY AND COMMITMENT. AS A RESULT OF THE COVID PANDEMIC, PSMC RECORDED THE VALUE OF DONATED SERVICES IN THE AMOUNT OF 1,638,980, AMOUNTS WHICH ARE NOT RECOGNIZED IN THE STATEMENT OF REVENUES OR STATEMENT OF FUNCTIONAL EXPENSES FOR TAX PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Mcwilliams Registered N | 40 | $168,513 | |
Christy Hardin Asst. Dir Ph | 40 | $161,153 | |
Lori Payne Pharmacist | 40 | $149,159 | |
Darryl Hawkins Pharmacy Dir | 40 | $148,832 | |
Susan Johnson Pharmacist | 40 | $146,478 | |
Dale Lawson MD Board Member | Trustee | 1 | $102,960 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Llc Staffing Svcs | 7/30/21 | $1,417,402 |
Innovative Therapy Concepts Llc Therapy | 7/30/21 | $1,361,776 |
Health Carousel Llc Health Staff | 7/30/21 | $921,521 |
Sentry Anesthesia Management Llc Anesthesia Svcs | 7/30/21 | $1,308,211 |
Georgia Premier Sonography Ultrasound Svcs | 7/30/21 | $489,886 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $17,745 |
| Government grants | $6,636,630 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,057,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,711,958 |
| Total Program Service Revenue | $88,269,998 |
| Investment income | $871,100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $951,593 |
| Net Gain/Loss on Asset Sales | $2,554,688 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $104,741,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,745 |
| 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. | $232,529 |
| Compensation of current officers, directors, key employees. | $129,569 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,611,043 |
| Pension plan accruals and contributions | $457,029 |
| Other employee benefits | $8,105,110 |
| Payroll taxes | $1,623,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,200 |
| Fees for services: Accounting | $111,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $159,636 |
| Fees for services: Other | $32,493,636 |
| Advertising and promotion | $125,067 |
| Office expenses | $2,442,008 |
| Information technology | $373,727 |
| Royalties | $0 |
| Occupancy | $1,203,625 |
| Travel | $74,345 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,011 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,751,459 |
| Insurance | $1,147,256 |
| All other expenses | $338,182 |
| Total functional expenses | $95,428,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,281,308 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,671,977 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,857 |
| Inventories for sale or use | $2,093,023 |
| Prepaid expenses and deferred charges | $318,973 |
| Net Land, buildings, and equipment | $46,262,756 |
| Investments—publicly traded securities | $45,663,064 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,008,017 |
| Total assets | $158,309,975 |
| Accounts payable and accrued expenses | $8,506,670 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $956,832 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,744,452 |
| Total liabilities | $18,207,954 |
| Net assets without donor restrictions | $136,102,021 |
| Net assets with donor restrictions | $4,000,000 |
| 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 | $158,309,975 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Phoebe Sumter Medical Center Inc has recieved totaling $1,158,238.
| Awarding Organization | Amount |
|---|---|
Americus & Sumter County Hospital Authority Americus, GA | | $384,246 |
Americus & Sumter County Hospital Authority Americus, GA | | $384,246 |
Americus & Sumter County Hospital Authority Americus, GA | | $384,246 |
Georgia Community Foundation Inc Peachtree Corners, GA PURPOSE: CONTRIBUTION | $5,500 |
Endowment Analysis
| Beg. Balance | $4,000,000 |
| Ending Balance | $4,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Carolina Health Greenville, NC | $372,124,980 | $578,861,650 |
Memorial Health Systems Inc Daytona Beach, FL | $611,778,295 | $526,048,604 |
Tanner Medical Center Inc Carrollton, GA | $1,025,880,697 | $412,043,057 |
Fort Sanders Regional Medical Center Knoxville, TN | $273,614,041 | $362,235,984 |
West Kendall Baptist Hospital Inc Miami, FL | $288,007,221 | $375,374,668 |
Tanner Medical Center Carrollton, GA | $469,761,069 | $338,508,721 |
Houston Hospitals Inc Warner Robins, GA | $374,033,073 | $309,918,266 |
Mcleod Loris Seacoast Hospital Florence, SC | $286,762,564 | $256,161,538 |
West Georgia Medical Center Inc Marietta, GA | $243,101,632 | $237,917,313 |
Florida Hospital Healthcare Partners Inc Ormond Beach, FL | $26,889,759 | $192,832,663 |
Waccamaw Community Hospital Georgetown, SC | $320,687,965 | $208,425,565 |
Viera Hospital Inc Rockledge, FL | $296,417,064 | $158,671,950 |