Fairfield Medical Center
- Assets
- $368.8m
- Revenue
- $309.2m
- Investments
- $13.5m
- Employees
- 2,357
- Location
- Lancaster, OH
- Founding
- 02/1982
- Data as of
- 12/2020
- EIN
- 31-0645626
Organization Overview
Fairfield Medical Center is located in Lancaster, OH. The organization was established in 1982. 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, Fairfield Medical Center employed 2,357 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairfield Medical Center 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 12/2020, Fairfield Medical Center generated $309.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $275.9m during the year ending 12/2020. While expenses have increased by 3.1% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
FAIRFIELD MEDICAL CENTER DELIVERS OUTSTANDING HEALTHCARE FOR OUR PATIENTS, THEIR FAMILIES AND OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A) PATIENT CARE: INPATIENT MEDICAL, SURGICAL, EMERGENCY, MATERNITY, ICU, PSYCHIATRY, AND NURSING SERVICES (71,109 DISCHARGES, PROCEDURES & VISITS)
B) PATIENT CARE: LABORATORY, CARDIOVASCULAR, RADIOLOGY, THERAPY, PHARMACY, AND MEDICAL SUPPLY SERVICES (6,497,684 PROCEDURES & DOSAGES)
C) PATIENT CARE: NUTRITIONAL SERVICES (420,617 MEALS SERVED) PATIENT CARE: LAUNDRY SERVICES (1,218,898 POUNDS) PATIENT CARE: PLANT ENGINEERING, POLICE, HOUSEKEEPING, CENTRAL TRANSPORT, INTEREST & DEPRECIATION (750,056 SQUARE FEET)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Janoso Jr Director, President, & CEO | OfficerTrustee | 55 | $820,576 |
Alan F Greenslade Cio, Treasurer | Officer | 40 | $332,297 |
Mark T Darnell MD Cmo-Term Began Feb'21 | Officer | 40 | $323,598 |
Laura Moore Chief Business & Strategy Officer | Officer | 40 | $317,132 |
Helen F Harding Cno-Term Ended Jan'21 | Officer | 40 | $261,346 |
Jonathan Kelly Cfo-Term Began Feb'21 | Officer | 40 | $242,824 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fairfield Anesthesia Associates Physician Services | 12/30/21 | $3,503,232 |
Specialty Care Miss Services Personnel Services | 12/30/21 | $1,386,965 |
Renovo Solutions Biomedical Services | 12/30/21 | $1,718,171 |
Us Acute Care Solutions Physician Services | 12/30/21 | $1,132,167 |
Comtex Laundry Services | 12/30/21 | $870,075 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,296,390 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,859 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,391,249 |
| Total Program Service Revenue | $264,487,191 |
| Investment income | $987,965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$356,486 |
| Net Gain/Loss on Asset Sales | -$2,179,430 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $309,199,229 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $170,910 |
| 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. | $2,616,485 |
| Compensation of current officers, directors, key employees. | $1,187,909 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,683,767 |
| Pension plan accruals and contributions | $4,795,568 |
| Other employee benefits | $14,812,367 |
| Payroll taxes | $6,801,944 |
| Fees for services: Management | $7,026,824 |
| Fees for services: Legal | $848,104 |
| Fees for services: Accounting | $93,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,225,391 |
| Advertising and promotion | $588,689 |
| Office expenses | $2,939,534 |
| Information technology | $28,592 |
| Royalties | $0 |
| Occupancy | $4,552,319 |
| Travel | $248,255 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,734,104 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,631,585 |
| Insurance | $1,211,791 |
| All other expenses | $1,342,457 |
| Total functional expenses | $275,925,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,535,454 |
| Savings and temporary cash investments | $14,244,387 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,701,554 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,353,442 |
| Inventories for sale or use | $4,865,907 |
| Prepaid expenses and deferred charges | $4,397,708 |
| Net Land, buildings, and equipment | $151,995,576 |
| Investments—publicly traded securities | $47,683,283 |
| Investments—other securities | $13,519,879 |
| Investments—program-related | $0 |
| Intangible assets | $7,527,642 |
| Other assets | $14,971,196 |
| Total assets | $368,796,028 |
| Accounts payable and accrued expenses | $28,750,613 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $85,395,301 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,560,908 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $99,530,433 |
| Total liabilities | $223,237,255 |
| Net assets without donor restrictions | $145,558,773 |
| 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 | $368,796,028 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Fairfield Medical Center has recieved totaling $99,701.
| Awarding Organization | Amount |
|---|---|
Fairfield Medical Center Foundation Lancaster, OH PURPOSE: SCRIPTASSIST PROGRAM | $50,969 |
Fairfield Medical Center Foundation Lancaster, OH PURPOSE: EQUIPMENT PURCHASED FOR HOSPITAL | $43,890 |
Peoples Bank Foundation Inc Marietta, OH PURPOSE: PROGRAM SUPPORT FOR THERMAL TEMPERATURE TAKING PATIENT SAFETY | $4,842 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Kettering College Miamisburg, OH | $1,728,903,615 | $1,055,020,178 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Covenant Medical Center Inc Saginaw, MI | $1,038,790,282 | $776,913,978 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |
Tower Health Reading, PA | $1,567,530,050 | $562,187,138 |
Cabell Huntington Hospital Inc Huntington, WV | $1,087,986,142 | $722,910,695 |
Allegiance Health Jackson, MI | $830,742,312 | $709,583,429 |
Pennsylvania Hospital Of The Univ Of Pennsylvania Health System Philadelphia, PA | $773,767,590 | $678,080,811 |
Indiana University Health Bloomingon Inc Indianapolis, IN | $990,966,337 | $700,343,585 |