Hocking Valley Medical Group Inc
- Assets
- $182.9k
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 27
- Location
- Logan, OH
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 31-1458827
Organization Overview
Hocking Valley Medical Group Inc is located in Logan, OH. The organization was established in 1998. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Hocking Valley Medical Group Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hocking Valley Medical Group 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 12/2022, Hocking Valley Medical Group Inc generated $4.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $4.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN THE PRACTICE, AND TO RENDER THE PROFESSIONAL SERVICES, OF MEDICINE AS AUTHORIZED BY THE STATE OF OHIO AND ANY RELATED OR INCIDENTAL SERVICES FOR THE PURPOSE OF FURTHERING THE CHARITABLE PURPOSES OF HOCKING VALLEY COMMUNITY HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENGAGE IN THE PRACTICE, AND TO RENDER THE PROFESSIONAL SERVICES OF MEDICINE AND ANY RELATED OR INCIDENTAL SERVICES. DURING THE YEAR WE ACCOMPLISHED THE FOLLOWING THREE PROGRAM SERVICES: 1. EXPANDED THE PEDIATRIC PRACTICE BY ADDING ANOTHER NURSE PRACTITIONER WHICH ALLOWED US TO EXTEND THE PEDIATRIC OFFICE HOURS FOR EVENING CLINICS TO OFFER ADDITIONAL HOURS FOR WORKING PARENTS AND CHILDREN ENROLLED IN SCHOOL. 2. WE STARTED A COMMUNITY COVID VACCINE CLINIC THROUGH THE RHC AS WELL AS WE HANDED OUT HOME TEST KITS FOR THOSE IN NEED. WE BEGAN OFFERING THE PNEUMONIA VACCINE TO OUR ADULT POPULATION. 3. THE PRACTICE MANAGER OBTAINED THE CERTIFIED RURAL HEALTH CLINIC PROFESSIONAL (CRHCP) CERTIFICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Mark Holt Employee | 40 | $665,358 | |
Dr Michael S Tornwall Employee | Officer | 40 | $322,235 |
Dr Brian Still Officer | OfficerTrustee | 40 | $250,697 |
Dr Charles R Keller Employee | Officer | 40 | $239,276 |
Dr David Vaziri Employee | Officer | 40 | $220,615 |
Dr Timothy O'brien Employee | Officer | 40 | $177,426 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Central Oh Urology Group Inc Urology Special | 12/30/22 | $346,350 |
Hurricane Pain Management Llc Pain Management | 12/30/22 | $653,547 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $4,420,812 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,420,812 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,385,678 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,263,162 |
| Pension plan accruals and contributions | $62,104 |
| Other employee benefits | $181,736 |
| Payroll taxes | $140,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,089,821 |
| Advertising and promotion | $0 |
| Office expenses | $340 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,472 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,816 |
| Insurance | $44,994 |
| All other expenses | $14,969 |
| Total functional expenses | $4,383,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,619 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,525 |
| Net Land, buildings, and equipment | $78,728 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $182,872 |
| Accounts payable and accrued expenses | $0 |
| 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 | $168,274 |
| Total liabilities | $168,274 |
| Net assets without donor restrictions | $0 |
| 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 | $2,336,445 |
| Retained earnings, endowment, accumulated income, or other funds | -$2,321,847 |
| Total liabilities and net assets/fund balances | $182,872 |