Ashtabula County Medical Center
- Assets
- $274.1m
- Revenue
- $179.0m
- Investments
- $3.5m
- Employees
- 1,160
- Location
- Ashtabula, OH
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 34-0726081
Organization Overview
Ashtabula County Medical Center is located in Ashtabula, OH. The organization was established in 2014. 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 12/2022, Ashtabula County Medical Center employed 1,160 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Ashtabula 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 12/2022, Ashtabula County Medical Center generated $179.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $169.2m during the year ending 12/2022. While expenses have increased by 4.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FULL-SERVICE ACUTE CARE HOSPITAL.
Describe the Organization's Program Activity:
ASHTABULA COUNTY MEDICAL CENTER (ACMC) IS A PRIVATE, NOT-FOR-PROFIT, COMMUNITY-ORIENTED MEDICAL CENTER THAT PROVIDES THE BEST POSSIBLE MEDICAL CARE THROUGH ALL PHASES OF LIFE TO THOSE SEEKING HELP. IN 2022 WE MET OUR MISSION OF MEETING OUR COMMUNITY'S HEALTH CARE NEEDS AS EVIDENCED BY APPROXIMATELY 28,374 EMERGENCY DEPARTMENT VISITS, 4,382 INPATIENT DISCHARGES, 8,677 SURGICAL PROCEDURES (INCLUDING ENDOSCOPY), 0 BIRTHS, 69,705 RADIOLOGY PROCEDURES, AND 271,085 OUTPATIENT PROVIDER ENCOUNTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Kister Chairperson | OfficerTrustee | 0.3 | $0 |
Craig Sernik Vice Chairperson | OfficerTrustee | 0.3 | $0 |
Roger Corlett Secretary/treasurer | OfficerTrustee | 0.3 | $0 |
Michael Habowski President/ceo | OfficerTrustee | 40 | $0 |
Peg Carlo Board Member | Trustee | 0.3 | $0 |
Bill Dingledine Board Member | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amerisourcebergen Medical | 12/30/22 | $19,527,988 |
Cleveland Clinic Foundation Administrative And Clinical Services | 12/30/22 | $9,614,017 |
Independence Construction Llc Construction | 12/30/22 | $8,191,467 |
Bostwick Design Partnership Architect And Design | 12/30/22 | $4,264,662 |
Cgs Administrators Administrative And Business Services | 12/30/22 | $3,890,599 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,712,621 |
| All other contributions, gifts, grants, and similar amounts not included above | $471,035 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,183,656 |
| Total Program Service Revenue | $166,339,593 |
| Investment income | $3,434,478 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $516,951 |
| Net Gain/Loss on Asset Sales | $377,163 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $178,995,250 |
| 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. | $3,233,930 |
| Compensation of current officers, directors, key employees. | $3,233,930 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,064,308 |
| Pension plan accruals and contributions | $3,364,407 |
| Other employee benefits | $11,494,557 |
| Payroll taxes | $4,176,809 |
| Fees for services: Management | $195 |
| Fees for services: Legal | $503,021 |
| Fees for services: Accounting | $84,396 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,877 |
| Fees for services: Other | $22,035,938 |
| Advertising and promotion | $218,869 |
| Office expenses | $178,185 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,073,128 |
| Travel | $45,861 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | -$71,044 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,261,118 |
| Insurance | $855,092 |
| All other expenses | $1,703,486 |
| Total functional expenses | $169,197,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,228,545 |
| Savings and temporary cash investments | $75,356,243 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,748,514 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,086,091 |
| Prepaid expenses and deferred charges | $3,858,931 |
| Net Land, buildings, and equipment | $42,521,181 |
| Investments—publicly traded securities | $104,320,168 |
| Investments—other securities | $3,542,452 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,441,534 |
| Total assets | $274,103,659 |
| Accounts payable and accrued expenses | $23,354,523 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $73,895,938 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $903,270 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,928,136 |
| Total liabilities | $133,081,867 |
| Net assets without donor restrictions | $141,007,490 |
| Net assets with donor restrictions | $14,302 |
| 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 | $274,103,659 |