Fairfield Memorial Hospital Association
- Assets
- $57.3m
- Revenue
- $48.3m
- Investments
- $0.0
- Employees
- 446
- Location
- Fairfield, IL
- Founding
- 09/1945
- Data as of
- 06/2022
- EIN
- 37-0661202
Organization Overview
Fairfield Memorial Hospital Association, operating under the name Fairfield Memorial Hospital, is located in Fairfield, IL. The organization was established in 1945. 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, Fairfield Memorial Hospital employed 446 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairfield Memorial Hospital 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, Fairfield Memorial Hospital generated $48.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $43.1m during the year ending 06/2022. While expenses have increased by 6.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF FAIRFIELD MEMORIAL HOSPITAL IS TO MAINTAIN AND IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A NOT-FOR-PROFIT COMMUNITY HOSPITAL, FAIRFIELD MEMORIAL IS A CHARITABLE ORGANIZATION THAT EXISTS TO ADVANCE THE HEALTH OF THE RESIDENTS OF WAYNE COUNTY AND SURROUNDING COMMUNITIES. FAIRFIELD MEMORIAL HOSPITAL OPERATES A RURAL HEALTHCARE FACILITY WITH 25 ACUTE CARE BEDS AND 30 SKILLED CARE BEDS. IN AUGUST 2008, THE HOSPITAL OPENED AN OUTPATIENT PHYSICIAN CLINIC. FAIRFIELD MEMORIAL HOSPITAL PROVIDES QUALITY MEDICAL HEALTHCARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE, OR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF FAIRFIELD MEMORIAL HOSPITAL, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES. THEREFORE, IN KEEPING WITH THIS CORPORATION'S COMMITMENT TO SERVE ALL MEMBERS OF THE COMMUNITIES WE SERVE. THE COMMUNITY, FREE CARE AND/OR SUBSIDIZED CARE, CARE PROVIDED TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT BELOW COST, AND HEALTH ACTIVITIES AND PROGRAMS TO SUPPORT THE COMMUNITY WILL BE CONSIDERED WHERE THE NEED AND/OR INDIVIDUALS INABILITY TO PAY COEXISTS. THE COMMUNITY BENEFITS CAN BE MEASURED IN MANY WAYS INCLUDING: DIRECT PATIENT CARE, SCREENINGS, EDUCATION, FUNDRAISING, AND COMMUNITY SERVICE EFFORTS OF OUR COLLEAGUES. THE HOSPITAL PROVIDES CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS, PROVIDING SERVICES TO BOTH MEDICARE AND MEDICAID PATIENTS. CHARITY CARE IS ALSO PROVIDED THROUGH THE HOSPITAL'S INTERNAL POLICY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Ballard Physician | 40 | $362,890 | |
Marla Lafikes Physician | 40 | $335,460 | |
Katherine Bunting CEO | Officer | 40 | $313,702 |
Kory Blank Orthopedic Surgeon | 40 | $287,529 | |
Alexis King Crna | 40 | $261,123 | |
Kimberly King Crna | 40 | $251,818 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dr Rodney Beeler Er Physician | 6/29/22 | $403,716 |
Dr Douglas Frankel Er Physician | 6/29/22 | $398,137 |
Dr Jasiri Kennedy Er Physician | 6/29/22 | $378,395 |
Dr Scott Roustio Er Physician | 6/29/22 | $197,309 |
Dr Mark Rotich Er Physician | 6/29/22 | $177,332 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,620,786 |
| Noncash contributions included in lines 1a–1f | $3,006,616 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,673,911 |
| Total Program Service Revenue | $43,986,120 |
| Investment income | $52,981 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $265,739 |
| 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 | $48,296,657 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $56,887 |
| 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. | $767,672 |
| Compensation of current officers, directors, key employees. | $81,086 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,452,815 |
| Pension plan accruals and contributions | $175,959 |
| Other employee benefits | $3,101,137 |
| Payroll taxes | $1,253,095 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,430 |
| Fees for services: Accounting | $118,884 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,616,362 |
| Advertising and promotion | $287,035 |
| Office expenses | $990,632 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $827,291 |
| Travel | $130,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $351,749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,602,589 |
| Insurance | $263,710 |
| All other expenses | $549,563 |
| Total functional expenses | $43,106,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,781,281 |
| Savings and temporary cash investments | $3,682,279 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,157,768 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,563,487 |
| Inventories for sale or use | $1,155,014 |
| Prepaid expenses and deferred charges | $428,199 |
| Net Land, buildings, and equipment | $38,443,370 |
| Investments—publicly traded securities | $1,761 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,707 |
| Total assets | $57,270,866 |
| Accounts payable and accrued expenses | $5,831,816 |
| Grants payable | $0 |
| Deferred revenue | $559,604 |
| 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 | $21,857,659 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $28,249,079 |
| Net assets without donor restrictions | $28,819,241 |
| Net assets with donor restrictions | $202,546 |
| 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 | $57,270,866 |