Phoebe Sumter Medical Center Inc
- Assets
- $172.3m
- Revenue
- $111.3m
- Investments
- $0.0
- Employees
- 635
- Location
- Americus, GA
- Founding
- 05/2010
- Data as of
- 07/2023
- 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 07/2023, Phoebe Sumter Medical Center Inc employed 635 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 07/2023, Phoebe Sumter Medical Center Inc generated $111.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $102.6m during the year ending 07/2023. While expenses have increased by 5.8% per year over the past 8 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
WE EMPOWER EVERY MEMBER OF THE PHOEBE FAMILY TO SAFEGUARD THE HEALTH OF OUR COMMUNITIES - EMBRACING A CULTURE THAT DELIVERS GREAT PATIENT EXPERIENCES, INNOVATIVE TREATMENTS, AND ACCESS TO SUPERIOR CARE.
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 SAFETY, COMMUNITY, COMPASSION, SERVICE AND COMMITMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Steiner Bd Mbr Pphs | OfficerTrustee | 1 | $0 |
Brian Church Bd Mbr/pphs | OfficerTrustee | 1 | $0 |
John Crisp Board Member | Trustee | 1 | $0 |
Sandra Daniel PHD RN Vice Chair | OfficerTrustee | 1 | $0 |
John Fennessy MD Board Member | Trustee | 1 | $0 |
G Bardin Hooks Jr Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Llc Contract Staff | 7/30/23 | $7,761,953 |
Innovative Therapy Concepts Llc Therapy | 7/30/23 | $1,463,502 |
Powell Contract Services Llc Construction | 7/30/23 | $1,250,493 |
Health Carousel Llc Contract Staff | 7/30/23 | $2,104,159 |
Sentry Anesthesia Management Llc Anesthesia Svcs | 7/30/23 | $888,565 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $108,876 |
| Government grants | $258,376 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,408,640 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,775,892 |
| Total Program Service Revenue | $100,957,941 |
| Investment income | $1,824,761 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $978,101 |
| Net Gain/Loss on Asset Sales | $344,297 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,286,213 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $208,918 |
| Grants and other assistance to domestic individuals. | $44,959 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $263,132 |
| Compensation of current officers, directors, key employees. | $168,752 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,297,101 |
| Pension plan accruals and contributions | $529,656 |
| Other employee benefits | $3,713,024 |
| Payroll taxes | $1,938,558 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $339 |
| Fees for services: Accounting | $101,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $169,206 |
| Fees for services: Other | $35,251,340 |
| Advertising and promotion | $63,978 |
| Office expenses | $2,655,754 |
| Information technology | $498,199 |
| Royalties | $0 |
| Occupancy | $1,409,020 |
| Travel | $99,271 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,928,949 |
| Insurance | $1,523,763 |
| All other expenses | $166,922 |
| Total functional expenses | $102,585,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,726,202 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,340,372 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,857 |
| Inventories for sale or use | $2,660,489 |
| Prepaid expenses and deferred charges | $277,094 |
| Net Land, buildings, and equipment | $53,361,615 |
| Investments—publicly traded securities | $48,900,377 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,033,857 |
| Total assets | $172,310,863 |
| Accounts payable and accrued expenses | $10,008,501 |
| 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 | $745,708 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,932,404 |
| Total liabilities | $15,686,613 |
| Net assets without donor restrictions | $152,624,250 |
| 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 | $172,310,863 |
Grants Awarded
Over the last fiscal year, Phoebe Sumter Medical Center Inc has awarded $206,668 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
IGNITE COLLEGE AND CAREER ACADEMY PURPOSE: COLLEGE/CAREER ACADE | $37,500 |
GEORGIA SOUTHWESTERN FOUNDATION PURPOSE: GENERAL SUPPORT | $169,168 |