Monroe Medical Foundation Inc
- Assets
- $32.1m
- Revenue
- $20.9m
- Investments
- $0.0
- Employees
- 295
- Location
- Tompkinsville, KY
- Founding
- 03/1979
- Data as of
- 02/2023
- EIN
- 31-0949874
Organization Overview
Monroe Medical Foundation Inc, operating under the name Monroe County Medical Center, is located in Tompkinsville, KY. The organization was established in 1979. 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 02/2023, Monroe County Medical Center employed 295 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monroe County 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 02/2023, Monroe County Medical Center generated $20.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $21.8m during the year ending 02/2023. While expenses have increased by 2.8% 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
ACUTE CARE HOSPITAL - OUR MISSION IS TO BE A RURAL HEALTHCARE ORGANIZATION WHO VALUES COMPASSION, RESPECT AND CONFIDENTIALITY, AND TO PROVIDE QUALITY, SAFE, PRIMARY AND SPECIALTY SERVICES FOR THE CITIZENS OF MONROE COUNTY AND SURROUNDING AREA THROUGH DETECTION, PREVENTION AND TREATMENT OF ILLNESS. WE ACHIEVE THIS BY OPERATING A 49 BED ACUTE CARE HOSPITAL, AMBULANCE SERVICE, COUNTY 911 SERVICE, ADULT DAYCARE SERVICE AND 2 EMPLOYED PHYSICIAN OFFICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INPATIENT CARE - MONROE MEDICAL FOUNDATION, INC. OPERATES A 49 BED ACUTE CARE HOSPITAL. THE HOSPITAL ADMITTED 922 PATIENTS, TREATED 5,291 PATIENTS IN THE EMERGENCY ROOM, TREATED 21,404 PATIENTS AS OUTPATIENT REFERRALS AND MADE 2,165 AMBULANCE RUNS IN FYE 2-28-23. THE PATIENTS ADMITTED TO THE HOSPITAL AS REGULAR INPATIENTS CONSISTED OF APPROXIMATELY 72% MEDICARE PATIENTS AND 17% MEDICAID PATIENTS. APPROXIMATELY 2% OF PATIENTS ADMITTED DID NOT HAVE MEDICARE OR MEDICAID, AND DID NOT HAVE ANY TYPE OF INSURANCE. THE HOSPITAL ALSO BEGAN PROVIDING SWING BED SERVICES IN DECEMBER 2014. WE ADMITTED 23 PATIENTS TO THE SWING BED STATUS DURING THE FISCAL YEAR, AND WE HAD 165 SWING BED PATIENT DAYS. (GRANTS INCLUDED 4 HIGH SCHOOL GRADUATES' SCHOLARSHIPS AND 2 INDIVIDUALS IN RN SCHOOL).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Carter MD Board Member/ Physician | Trustee | 40 | $712,984 |
William Michael Carter MD Board Member/physician | 40 | $386,930 | |
Rickie Brown Chief Financial Officer | Officer | 40 | $164,394 |
Andrea L Rich Mclerran Exec Director/ceo | Officer | 40 | $159,338 |
Andrea Mcalpin Director Of Pharmacy | 40 | $149,066 | |
Ronnie Raines Nurse Practitioner | 40 | $146,673 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Siemens Medical Solutions Usa Inc Radiology Equipment Service Agreement | 2/27/23 | $178,683 |
Medteam Solutions Inc Billing Services | 2/27/23 | $139,160 |
Inspire Medical Inc Emergency Room Physicians | 2/27/23 | $1,558,336 |
Beckman Coulter Lab Equipment Service And Supplies | 2/27/23 | $301,358 |
Medhost Of Tennessee Inc Computer Software Hardware And Maintenance | 2/27/23 | $625,074 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,454,749 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,454,749 |
| Total Program Service Revenue | $18,098,222 |
| Investment income | $341,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,331 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,903,121 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,139,283 |
| Compensation of current officers, directors, key employees. | $338,317 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,341,632 |
| Pension plan accruals and contributions | $160,841 |
| Other employee benefits | $957,948 |
| Payroll taxes | $786,522 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,337 |
| Fees for services: Accounting | $34,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $606,122 |
| Advertising and promotion | $7,349 |
| Office expenses | $2,479,364 |
| Information technology | $420,795 |
| Royalties | $0 |
| Occupancy | $466,671 |
| Travel | $36,670 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,077 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $940,048 |
| Insurance | $150,292 |
| All other expenses | $466,142 |
| Total functional expenses | $21,844,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,817 |
| Savings and temporary cash investments | $425,218 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,046,126 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $415,184 |
| Prepaid expenses and deferred charges | $198,986 |
| Net Land, buildings, and equipment | $6,905,589 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,036,311 |
| Total assets | $32,054,231 |
| Accounts payable and accrued expenses | $1,256,526 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,541,617 |
| Total liabilities | $2,798,143 |
| Net assets without donor restrictions | $29,090,258 |
| Net assets with donor restrictions | $165,830 |
| 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 | $32,054,231 |