Richland Memorial Hospital Inc
- Assets
- $53.4m
- Revenue
- $54.9m
- Investments
- $0.0
- Employees
- 508
- Location
- Olney, IL
- Founding
- 12/1996
- Data as of
- 12/2020
- EIN
- 37-1363001
Organization Overview
Richland Memorial Hospital Inc, operating under the name Carle Richland Memorial Hospital, is located in Olney, IL. The organization was established in 1996. 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, Carle Richland Memorial Hospital employed 508 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carle Richland 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 12/2020, Carle Richland Memorial Hospital generated $54.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $60.1m during the year ending 12/2020. While expenses have increased by 2.7% 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
TO PROVIDE EXCELLENT HEALTHCARE, PROMOTE WELLNESS, AND EDUCATE PATIENTS, STAFF, AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Fisher MD Trustee & Physician | Trustee | 40 | $521,074 |
John Wall Crna Lead - Rmh Anesth | 40 | $264,583 | |
John Allen Crna - Rmh Anesth | 40 | $262,531 | |
Thomas Falcone Crna - Rmh Anesth | 40 | $253,578 | |
Benjamin Curtis Crna - Rmh Anesth | 40 | $250,133 | |
Regina Thomas President Of Rmh | Officer | 40 | $249,919 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rural Physicians Group Staffing | 12/30/21 | $861,042 |
Grunloh Construction Inc Construction | 12/30/21 | $284,663 |
Quest Diagnostics Lab Services | 12/30/21 | $224,495 |
Comphealth Inc Staffing | 12/30/21 | $184,206 |
All Star Recruiting Locums Staffing | 12/30/21 | $501,798 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,928,295 |
| Investment income | $106,097 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,441 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $87,832 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,890,414 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $9,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $442,125 |
| Compensation to disqualified persons | $206,226 |
| Other salaries and wages | $22,332,695 |
| Pension plan accruals and contributions | $1,461,383 |
| Other employee benefits | $2,178,552 |
| Payroll taxes | $1,809,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,000 |
| Fees for services: Accounting | $5,054 |
| Fees for services: Lobbying | $2,698 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,274,957 |
| Advertising and promotion | $1,619 |
| Office expenses | $2,004,450 |
| Information technology | $93,205 |
| Royalties | $0 |
| Occupancy | $895,980 |
| Travel | $88,767 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,332 |
| Interest | $301,635 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,586,758 |
| Insurance | $329,964 |
| All other expenses | $0 |
| Total functional expenses | $60,115,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,021,800 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,527,209 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $658,741 |
| Inventories for sale or use | $893,260 |
| Prepaid expenses and deferred charges | $211,758 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $218,013 |
| Total assets | $53,443,489 |
| Accounts payable and accrued expenses | $5,610,116 |
| Grants payable | $0 |
| Deferred revenue | $1,985,272 |
| 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 | $5,355,558 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,513,717 |
| Total liabilities | $18,464,663 |
| 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 | $34,978,826 |
Grants Awarded
Over the last fiscal year, Richland Memorial Hospital Inc has awarded $210,877 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH EASTERN SPECIAL EDUCATION PURPOSE: PROGRAM SERVICES | $184,877 |
Olney, IL PURPOSE: PROGRAM SERVICES | $10,000 |
CITY OF OLNEY PURPOSE: COMMUNITY IMPROVEMENT | $10,000 |
RICHLAND COUNTY HIGH SCHOOL PURPOSE: SPONSORSHIP | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Richland Memorial Hospital Inc has recieved totaling $349,658.
| Awarding Organization | Amount |
|---|---|
Illinois Critical Access Hospital Network Princeton, IL PURPOSE: 2021 SHIP AND ARP SHIP COVID | $267,811 |
Carle Development Foundation Urbana, IL PURPOSE: COVID-19 SUPPLIES | $65,947 |
Carle Development Foundation Urbana, IL PURPOSE: PATIENT SUPPORT & EDUCATION | $11,897 |
Sarah E Wallace Trust Mattoon, IL PURPOSE: FOR NURSING SERVICES RENDERED TO PERSONS WHO ARE FINANCIALLY DISTRESSED | $4,003 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Marys Hospital Ozaukee Inc St Louis, MO | $0 | $119,639,290 |
Norton - Kings Daughters Health Inc Madison, IN | $327,672,291 | $141,257,726 |
Fort Madison Community Hospital West Burlington, IA | $0 | $63,917,889 |
Margaret Mary Community Hospital Inc Batesville, IN | $200,618,179 | $130,077,852 |
Gibson Area Hospital Gibson City, IL | $63,536,615 | $119,801,214 |
Jane Phillips Memorial Medical Center Inc St Louis, MO | $87,499,100 | $121,263,469 |
St Nicholas Hospital Of The Hospita Sisters Of The Third Order Of St F Sheboygan, WI | $160,864,409 | $138,043,178 |
Holy Cross Hospital Chicago, IL | $142,348,563 | $113,770,792 |
Beaver Dam Community Hospitals Inc Beaver Dam, WI | $193,989,750 | $109,285,462 |
Jennie Edmundson Memorial Hospital Council Bluffs, IA | $159,830,825 | $120,935,401 |
Ottawa Regional Hospital & Healthcare Center Peoria, IL | $91,725,518 | $145,777,119 |
St Bernard Hospital Chicago, IL | $104,253,183 | $104,812,040 |