Mcgehee Hospital Inc
- Assets
- $16.2m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 162
- Location
- Mcgehee, AR
- Founding
- 05/2010
- Data as of
- 06/2022
- EIN
- 36-4664248
Organization Overview
Mcgehee Hospital Inc is located in Mcgehee, AR. The organization was established in 2010. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Mcgehee Hospital Inc employed 162 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcgehee Hospital Inc 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, Mcgehee Hospital Inc generated $15.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $15.6m during the year ending 06/2022. While expenses have increased by 3.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE HIGHEST QUALITY HEALTH SERVICES AND EDUCATIONAL PROGRAMS IN A COMPETENT, EFFECTIVE, EFFICIENT MANNER TO THE CITIZENS OF MCGEHEE, DERMOTT, DESHA COUNTY, NORTHERN CHICOT COUNTY AND SURROUNDING COMMUNIITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOSPITAL PROVIDES THE HIGHEST QUALITY HEALTH SERVICES AND EDUCATIONAL PROGRAMS IN A COMPETENT, EFFECTIVE, EFFICIENT MANNER TO THE CITIZENS OF MCGEHEE, DERMOTT, DESHA COUNTY, NORTHERN CHICOT COUNTY AND SURROUNDING COMMUNIITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Renfroe Physician | 40 | $316,432 | |
Jamie Evans Physician | 40 | $229,918 | |
James Young Physician | 40 | $201,062 | |
Terry Amstutz CEO | Officer | 40 | $153,425 |
Teresa Morgan Controller | 40 | $147,626 | |
Andrew Wargo III Chairman | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Steve Asemota Md Physician | 6/29/16 | $408,500 |
Wound Care Specialists Wound Care | 6/29/16 | $119,675 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $682,941 |
| All other contributions, gifts, grants, and similar amounts not included above | $373,862 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,056,803 |
| Total Program Service Revenue | $12,611,844 |
| Investment income | $11,728 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,200 |
| 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 | $15,272,987 |
| 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. | $153,425 |
| Compensation of current officers, directors, key employees. | $153,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,816,757 |
| Pension plan accruals and contributions | $20,568 |
| Other employee benefits | $549,111 |
| Payroll taxes | $473,937 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $299,685 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $963,815 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $15,605,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,158,529 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $656,698 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $275,853 |
| Prepaid expenses and deferred charges | $185,564 |
| Net Land, buildings, and equipment | $9,248,269 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,625,414 |
| Total assets | $16,150,327 |
| Accounts payable and accrued expenses | $1,073,443 |
| Grants payable | $0 |
| Deferred revenue | $231,441 |
| 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 | $9,373,192 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,678,076 |
| Net assets without donor restrictions | $4,358,227 |
| Net assets with donor restrictions | $1,114,024 |
| 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 | $16,150,327 |