Little Company Of Mary Hospital Of Indiana Inc
- Assets
- $368.7m
- Revenue
- $255.8m
- Investments
- $0.0
- Employees
- 2,171
- Location
- Jasper, IN
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 35-0985964
Organization Overview
Little Company Of Mary Hospital Of Indiana Inc, operating under the name Memorial Hospital & Health Care Ctr, is located in Jasper, IN. The organization was established in 1946. 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, Memorial Hospital & Health Care Ctr employed 2,171 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Memorial Hospital & Health Care Ctr 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 06/2021, Memorial Hospital & Health Care Ctr generated $255.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $241.2m during the year ending 06/2021. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH SERVICES CONSISTENT WITH THE NEEDS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PRIMARY ACUTE CARE HOSPITAL EXPENSES INCURRED IN PROVIDING EXCELLENT HEALTH CARE SERVICES CONSISTENT WITH THE NEEDS OF THE COMMUNITY. SEE FORM 990, SCHEDULE H FOR ADDITIONAL SERVICES PROVIDED TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Huebner Board Chairperson | OfficerTrustee | 5 | $0 |
E Kyle Bennett President & CEO | OfficerTrustee | 40 | $699,974 |
Kenneth Sendelweck Board Vice Chairperson | OfficerTrustee | 1 | $0 |
Brenda Stallings Board Treasurer | OfficerTrustee | 1 | $0 |
Sr Renee Cunningham Board Secretary | OfficerTrustee | 30 | $0 |
D Ryan Phillips MD Med. Staff Pres. Term Began | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Memorial Hospital Outpatient Surgery Cen Outpatient Surgery Center Services | 6/29/22 | $3,964,784 |
Lsq Funding Group Lc Investment Management | 6/29/22 | $3,756,067 |
Wells Fargo Business Creditexcite It Pa Consulting | 6/29/22 | $2,704,085 |
Medical Solutions Llc Staffing | 6/29/22 | $1,559,934 |
Indiana University Resident Medical Services | 6/29/22 | $1,190,166 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,153,466 |
| Investment income | $2,595,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$42,809 |
| 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 | $255,839,747 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $607,983 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,651,334 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,238,107 |
| Pension plan accruals and contributions | $1,832,873 |
| Other employee benefits | $14,390,110 |
| Payroll taxes | $7,043,981 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $97,138 |
| Fees for services: Accounting | $63,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,362,908 |
| Advertising and promotion | $241,676 |
| Office expenses | $1,366,114 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,947,880 |
| Travel | $697,672 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,261,352 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,349,511 |
| Insurance | $1,494,122 |
| All other expenses | $0 |
| Total functional expenses | $241,158,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $98,474,173 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,560,645 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,388,864 |
| Inventories for sale or use | $3,278,608 |
| Prepaid expenses and deferred charges | $2,358,094 |
| Investments—publicly traded securities | $117,005,464 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,118,144 |
| Total assets | $368,660,967 |
| Accounts payable and accrued expenses | $44,600,879 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $69,434,712 |
| 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 | $35,992,940 |
| Total liabilities | $150,028,531 |
| 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 | $218,632,436 |