Fisher Titus Health
- Assets
- $21.6m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 51
- Location
- Norwalk, OH
- Founding
- 11/1985
- Data as of
- 12/2022
- EIN
- 34-1476935
Organization Overview
Fisher Titus Health is located in Norwalk, OH. The organization was established in 1985. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2022, Fisher Titus Health employed 51 individuals. This organization is the central organization for a national or regional group of organizations. Fisher Titus Health 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, Fisher Titus Health generated $11.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $13.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 4 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
FISHER-TITUS HEALTH PROVIDES DIRECTION TO EACH SUPPORTED 501(C)(3) ORGANIZATION. FISHER-TITUS HEALTH COORDINATES LONG TERM PLANNING, PROVIDES MANAGMENT AND CENTRALIZED CONTROL OVER THE SYSTEMS OPERATIONS AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FISHER-TITUS MEDICAL CARE, LLC IS A MULTISPECIALTY PHYSICIAN AND ALLIED HEALTH PROFESSIONAL PRACTICE WITH OFFICES LOCATED THROUGHOUT THE PRIMARY AND SECONDARY SERVICE AREAS. THESE PRACTICES SEEK TO IMPROVE THE HEALTH AND WELLNESS OF ALL PEOPLE IN THE COMMUNITY BY INTEGRATING ALL ASPECTS OF CARE. WE DO THIS BY DELIVERING HIGH QUALITY, HIGH VALUE CARE COORDINATED ACROSS THE CONTINUUM FOCUSED ON THE PATIENTS WE SERVE.
FISHER-TITUS HEALTH BELIEVES IN LOCAL GUIDANCE AND COORDINATION OF HEALTH CARE SERVICES. TO THAT END, FISHER-TITUS HEALTH CONTRIBUTED FUNDING TO THE BELLEVUE HOSPITAL TO PARTICIPATE IN THE OWNERSHIP OF THEIR LOCAL HOSPITAL. BECAUSE OF FISHER-TITUS HEALTH'S FUNDING AND SIMILAR FUNDING BY ANOTHER 501(C)(3) HOSPITAL, THE BELLEVUE COMMUNITY WAS ABLE TO BUILD A NEW, FULL SERVICE COMMUNITY HOSPITAL TO SERVE THE PATIENTS OF THEIR SERVICE AREA. CLEARLY, THIS WILL ENHANCE THE SERVICE CAPABILITIES IN THE BELLEVUE COMMUNITY AND ALLOW FOR EXPANSION AND GROWTH BETWEEN BELLEVUE AND FISHER-TITUS HEALTH AND BRING MORE MEDICAL SERVICES TO BOTH OF OUR AREAS, THROUGH THIS COOPERATIVE EFFORT IN JOINTLY RECRUITING PHYSICIANS AND MUTUALLY DEVELOPING SERVICES.
FISHER-TITUS HEALTH PROVIDES GENERAL DIRECTION TO EACH SUPPORTED 501(C)(3) ORGANIZATION. FISHER-TITUS HEALTH COORDINATES LONG TERM STRATEGIC PLANNING, PROVIDES MANAGEMENT AND CENTRALIZED CONTROL OVER THE SYSTEMS OPERATIONS AND PROGRAMS DESIGNED TO ENHANCE THE HEALTH AND WELFARE OF RESIDENTS IN THE COMMUNITIES SERVED BY THE SUPPORTED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Perry Dryden Chairman | OfficerTrustee | 1.5 | $0 |
Jeffrey C Huber Vice Chairman | OfficerTrustee | 1 | $0 |
Dennis C Camp Treasurer | OfficerTrustee | 1 | $0 |
Julie S Roberts DDS Secretary | OfficerTrustee | 1 | $0 |
Mark E Coriell Director | Trustee | 1 | $0 |
Dennis Doughty Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Corporation Healthcare Information Technology | 12/30/20 | $240,936 |
Trust Health Consulting Professional Fee Coding | 12/30/20 | $115,635 |
Vikram Kumar Md Endocrinology Professional Fee | 12/30/20 | $105,300 |
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 | $9,559,781 |
| Investment income | $6,787 |
| 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 | $11,109,531 |
| 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. | $383,123 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,617,953 |
| Pension plan accruals and contributions | $352,794 |
| Other employee benefits | $217,663 |
| Payroll taxes | $671,181 |
| 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 | $102,887 |
| Advertising and promotion | $0 |
| Office expenses | $9,381 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,209 |
| Travel | $10,801 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,002 |
| Interest | $33,985 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,766 |
| Insurance | $475,728 |
| All other expenses | $12,921 |
| Total functional expenses | $12,984,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $422,991 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,293,240 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $813,961 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,005,553 |
| Investments—publicly traded securities | $144,411 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,895,387 |
| Total assets | $21,575,543 |
| Accounts payable and accrued expenses | $1,638,829 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,593,410 |
| 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 | $5,648 |
| Total liabilities | $3,237,887 |
| Net assets without donor restrictions | $18,337,656 |
| 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 | $21,575,543 |