Wood County Hospital Assn
- Assets
- $218.8m
- Revenue
- $131.5m
- Investments
- $2.0m
- Employees
- 901
- Location
- Bowling Green, OH
- Founding
- 07/1952
- Data as of
- 06/2022
- EIN
- 34-4440884
Organization Overview
Wood County Hospital Assn is located in Bowling Green, OH. The organization was established in 1952. 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 06/2022, Wood County Hospital Assn employed 901 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wood County Hospital Assn 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 06/2022, Wood County Hospital Assn generated $131.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $131.3m during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 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
THE WOOD COUNTY HOSPITAL BOARD OF TRUSTEES, EMPLOYEES, MEDICAL STAFF, AND VOLUNTEERS ARE DEDICATED TO PROVIDING THE HIGHEST QUALITY PREVENTIVE, RESTORATIVE, EDUCATIONAL, AND REHABILITATIVE HEALTH CARE SERVICE TO ALL.
Describe the Organization's Program Activity:
WOOD COUNTY HOSPITAL PROVIDED HEALTH CARE SERVICES TO 2,099 INPATIENTS, 267 NEWBORNS, AND 132,842 OUTPATIENTS DURING FISCAL YEAR ENDING 6/30/22. WOOD COUNTY HOSPITAL PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, DISABILITY, AGE, OR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF OUR HOSPITAL, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS ARE FINANCIALLY ABLE TO PURCHASE NECESSARY MEDICAL CARE. THEREFORE, IN KEEPING WITH OUR COMMITMENT TO SERVE ALL MEMBERS OF OUR COMMUNITY, WOOD COUNTY HOSPITAL PROVIDED CHARITY CARE VALUED AT $1,411,650.INPATIENT ACUTE CARE AND ANCILLARY SERVICES ARE AVAILABLE TO SERVE BOTH TRADITIONAL INPATIENTS AND AMBULATORY PATIENTS. EMERGENCY SERVICES ARE PROVIDED 24 HOURS A DAY, SEVEN DAYS A WEEK. DURING FISCAL YEAR 2022, 20,215 INDIVIDUALS RECEIVED TREATMENT IN THE EMERGENCY DEPARTMENT. MEDICAL CARE IS PROVIDED REGARDLESS OF THE PATIENT'S ABILITY TO PAY. DURING THE FISCAL YEAR, $113,900,000 WAS THE VALUE OF SERVICES PROVIDED WHERE THE HOSPITAL DID NOT RECEIVE FULL PAYMENT. OF THIS, $1,411,650 WAS CHARITY CARE.
WOOD HEALTH COMPANY IS COMPRISED OF 16 DIFFERENT MEDICAL PRACTICES THAT RANGE IN SPECIALTY: PRIMARY CARE, PEDIATRICS, WOMEN'S' CARE BARIATRIC, UROLOGY, FAMILY MEDICINE, VASCULAR, ENT, NEUROLOGY, ORTHOPEDICS, AND GENERAL SURGERY. WOOD HEALTH COMPANY PROVIDED 98,109 EPISODES OF CARE TO THE COMMUNITY IN KEEPING TO OUR COMMITMENT TO SERVE ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Marsh Chair | OfficerTrustee | 1 | $0 |
Steven Patton Vice Chair | OfficerTrustee | 1 | $0 |
Diane Hoops Secretary | OfficerTrustee | 1 | $0 |
Michael Fatzinger Member | Trustee | 1 | $0 |
Gaylyn Finn Member | Trustee | 1 | $0 |
Doris Herringshaw Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wood Anesthesia & Pain Billing Manageme Anesthesiologists | 6/29/22 | $5,152,145 |
Ent Physicians Ent Services | 6/29/22 | $432,263 |
Toledo Clinic Inc Physician Services | 6/29/22 | $1,817,834 |
Technicore Clinical Engineering Service Agreement | 6/29/22 | $413,014 |
Healogics Specialty Physicians Of Ohio Wound Care Services | 6/29/22 | $408,034 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,050,000 |
| Government grants | $2,677,606 |
| All other contributions, gifts, grants, and similar amounts not included above | $242,127 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,969,733 |
| Total Program Service Revenue | $121,222,844 |
| Investment income | $1,359,462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $792,316 |
| Net Gain/Loss on Asset Sales | $315,824 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,242 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,482,482 |
| 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. | $1,028,730 |
| Compensation of current officers, directors, key employees. | $230,024 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,245,879 |
| Pension plan accruals and contributions | $3,440,125 |
| Other employee benefits | $8,164,562 |
| Payroll taxes | $3,340,381 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,317 |
| 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 | $13,984,232 |
| Advertising and promotion | $1,224,362 |
| Office expenses | $987,931 |
| Information technology | $4,660,878 |
| Royalties | $0 |
| Occupancy | $6,591,717 |
| Travel | $42,442 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $194,514 |
| Interest | $1,891,354 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,188,915 |
| Insurance | $588,318 |
| All other expenses | $1,102,820 |
| Total functional expenses | $131,331,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,909 |
| Savings and temporary cash investments | $36,466,689 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,174,218 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $117,945 |
| Inventories for sale or use | $3,035,328 |
| Prepaid expenses and deferred charges | $2,897,827 |
| Net Land, buildings, and equipment | $43,765,310 |
| Investments—publicly traded securities | $67,663,299 |
| Investments—other securities | $2,009,816 |
| Investments—program-related | $0 |
| Intangible assets | $15,497 |
| Other assets | $47,625,597 |
| Total assets | $218,775,435 |
| Accounts payable and accrued expenses | $8,010,102 |
| 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 | $54,871,715 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,970,385 |
| Total liabilities | $67,852,202 |
| Net assets without donor restrictions | $116,956,949 |
| Net assets with donor restrictions | $33,966,284 |
| 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 | $218,775,435 |