Wayne Hospital Company
- Assets
- $202.3m
- Revenue
- $74.8m
- Investments
- $9.2m
- Employees
- 622
- Location
- Greenville, OH
- Founding
- 03/1943
- Data as of
- 12/2020
- EIN
- 34-4428598
Organization Overview
Wayne Hospital Company, operating under the name Wayne HealthCare, is located in Greenville, OH. The organization was established in 1943. 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, Wayne HealthCare employed 622 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayne HealthCare 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, Wayne HealthCare generated $74.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $67.6m during the year ending 12/2020. While expenses have increased by 2.4% 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
THE MISSION OF WAYNE HOSPITAL COMPANY IS PROVIDING QUALITY CARE AND PROMOTING WELLNESS CLOSE TO HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A FULL-SERVICE PRIMARY CARE FACILITY, WAYNE HOSPITAL OFFERS PHYSICIANS AND THEIR PATIENTS ACCESS TO A VARIETY OF INPATIENT AND OUTPATIENT SERVICES INCLUDING: EMERGENCY, RADIOLOGY, MATERNITY/SPECIAL BEGINNINGS, SURGERY, SENIOR BEHAVIORAL HEALTH, HEART HEALTH, CANCER CARE, REHABILITATION SERVICES, LABORATORY, CHRONIC DIALYSIS CENTER, AMBULATORY CARE, OUTPATIENT REHABILITATION, DIABETES EDUCATION PROGRAM, SLEEP CARE SERVICES, AND ENTEROSTOMAL THERAPY. THE HOSPITAL HAD APPROXIMATELY 1,799 ADMISSIONS AND 72,445 OUTPATIENT VISITS IN 2021. THE HOSPITAL PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS FINANCIAL ASSISTANCE POLICY AT NO CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES. IN ADDITION TO THE FINANCIAL ASSISTANCE PROVIDED, WAYNE HOSPITAL ALSO IS PROACTIVE IN SUPPORTING COMMUNITY WELLNESS THROUGH HEALTH SCREENINGS, EDUCATION, AND HEALTH MANAGEMENT.
WAYNE HOSPITAL HAS MANY ADDITIONAL PROGRAMS. ADDITIONAL PROGRAMS INCLUDE THE COUNTY AND CORPORATE HEALTH FAIRS IN WHICH EMPLOYEES FROM THE HOSPITAL PROVIDED 1,704 HOURS OF TIME TO HELP WITH HEALTH SCREENINGS AND PROVIDE EDUCATIONAL INFORMATION TO THE COMMUNITY. IN ADDITION TO THE COUNTY AND CORPORATE HEALTH FAIRS, WAYNE HOSPITAL TYPICALLY CONTRIBUTES HOURS TO THE YOUTH HEALTH FAIR, WHICH IS A HEALTH FAIR GEARED TO ALL THE FIFTH GRADERS IN DARKE COUNTY. 0 STUDENTS WERE IN ATTENDANCE FOR 2021, AS IT WAS NOT ABLE TO BE HELD DUE TO COVID. (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Horizon Health Senior Behavioral Health Services | 12/30/21 | $2,049,140 |
Kettering Anesthesia Assoc Anesthesia Services | 12/30/21 | $1,650,860 |
Medical Solutions Llc Agency Staffing | 12/30/21 | $1,277,362 |
Laboratory Corp Of America Lab Management | 12/30/21 | $1,548,750 |
Hospital Care Group Pc Hospitalists | 12/30/21 | $1,395,832 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,867,308 |
| Investment income | $2,265,416 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$41,564 |
| Net Gain/Loss on Asset Sales | $1,457,271 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,809,112 |
| Statement of Expenses | |
|---|---|
| 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. | $1,617,949 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,882,393 |
| Pension plan accruals and contributions | $671,350 |
| Other employee benefits | $7,117,778 |
| Payroll taxes | $1,750,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $187,475 |
| Fees for services: Accounting | $52,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $291,942 |
| Fees for services: Other | $13,936,999 |
| Advertising and promotion | $374,195 |
| Office expenses | $75,363 |
| Information technology | $494,245 |
| Royalties | $0 |
| Occupancy | $1,244,731 |
| Travel | $26,957 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $131,809 |
| Interest | $1,187,054 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,038,967 |
| Insurance | $488,243 |
| All other expenses | $0 |
| Total functional expenses | $67,603,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,859,702 |
| Savings and temporary cash investments | $23,362,539 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,530,834 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $80,804 |
| Inventories for sale or use | $1,735,390 |
| Prepaid expenses and deferred charges | $975,544 |
| Investments—publicly traded securities | $63,257,025 |
| Investments—other securities | $9,234,338 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,042,839 |
| Total assets | $202,344,337 |
| Accounts payable and accrued expenses | $8,802,023 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $59,007,296 |
| 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 | $221,695 |
| Other liabilities | $3,407,117 |
| Total liabilities | $71,438,131 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $130,906,206 |
Grants Awarded
Over the last fiscal year, Wayne Hospital Company has awarded $81,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF GREENVILLE PURPOSE: PROGRAM SUPPORT | $75,000 |
Greenville, OH PURPOSE: GENERAL SUPPORT | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wayne Hospital Company has recieved totaling $105,943.
| Awarding Organization | Amount |
|---|---|
The Research And Educational Foundation Of The Ohio Hospital Columbus, OH PURPOSE: COVID-19 preparedness and response activities | $96,237 |
Greater Dayton Area Health Information Network Dayton, OH PURPOSE: FOR HEALTH CARE PREPAREDNESS | $9,706 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton - Kings Daughters Health Inc Madison, IN | $327,672,291 | $141,257,726 |
Lehigh Valley Hospital - Schuykill Allentown, PA | $123,931,422 | $141,448,853 |
Wood County Hospital Assn Bowling Green, OH | $236,887,243 | $125,669,234 |
Margaret Mary Community Hospital Inc Batesville, IN | $200,618,179 | $130,077,852 |
Davis Memorial Hospital Elkins, WV | $99,450,993 | $120,748,268 |
Mymichigan Medical Center Sault Sault Ste Marie, MI | $104,046,577 | $126,853,788 |
St Lukes Quakertown Hospital Allentown, PA | $224,667,230 | $112,978,373 |
Shelby County Memorial Hospital Association Inc Sidney, OH | $171,819,264 | $129,965,258 |
Upmc Pittsburgh, PA | $122,342,039 | $105,892,952 |
Northeastern Pennsylvania Health Corporation Allentown, PA | $304,803,492 | $145,234,138 |
Reynolds Memorial Hospital Inc Glen Dale, WV | $68,940,537 | $122,482,209 |
Emma L Bixby Medical Center Toledo, OH | $214,732,301 | $139,202,852 |