Straith Hospital For Special Surgery
- Assets
- $22.3m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 162
- Location
- Southfield, MI
- Founding
- 01/1957
- Data as of
- 10/2020
- EIN
- 38-1455020
Organization Overview
Straith Hospital For Special Surgery is located in Southfield, MI. The organization was established in 1957. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 10/2020, Straith Hospital For Special Surgery employed 162 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Straith Hospital For Special Surgery 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 10/2020, Straith Hospital For Special Surgery generated $12.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $14.6m during the year ending 10/2020. While expenses have increased by 4.5% 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 IMPROVE THE HEALTH STATUS OF OUR PATIENTS AND PROVIDE HIGH LEVELS OF SATISFACTION TO OUR PHYSICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A SHORT-TERM, ACUTE-CARE FACILITY OFFERING BOTH INPATIENT AND OUTPATIENT HEALTHCARE SERVICES. TOTAL PATIENTS FOR THE YEAR WERE 486 HOSPITALIZED INPATIENTS (3,398 DAYS OF CARE) AND 5,101 SURGICAL OUTPATIENTS.STRAITH HOSPITAL ASSISTED THE COMMUNITY BY HELPING OUT THE LARGER LOCAL HOSPITALS WITH THE TRANSFER OF PATIENTS WITH COVID-19 TO PERFORM ACUTE REHABILITATION ON THESE PATIENTS DURING THE PANDEMIC. THE HOSPITAL ALSO INITIATED COVID-19 TESTING AND COVID-19 VACCINATION SERVICES FOR THE COMMUNITY. THE HOSPITAL CONTINUES TO EVALUATE HOW IT CAN CONTINUE TO CONTRIBUTE TO ITS COMMUNITY DURING COVID-19.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael Drelles Physician | 40 | $797,815 | |
Nadine Jennings Physician | 40 | $583,914 | |
Janet Rys Ceo/secretary | Officer | 40 | $182,831 |
Bradley M Bescoe CFO | Officer | 40 | $157,831 |
Richard Zoltowski Pharmacist | 40 | $132,558 | |
James C Straith Chairman | OfficerTrustee | 1 | $200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ambulatory Anesthesia Association Anesthesia | 10/30/20 | $835,147 |
Hi-tech Rehabilitation Therapy | 10/30/20 | $799,679 |
Michigan Premier Geriatrics Pllc Inpatient Rehab | 10/30/20 | $109,594 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,340,461 |
| Investment income | $152,727 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,261 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,573,917 |
| Statement of Expenses | |
|---|---|
| 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. | $394,253 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,552,793 |
| Pension plan accruals and contributions | $673,960 |
| Other employee benefits | $350,043 |
| Payroll taxes | $433,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $105,197 |
| Fees for services: Accounting | $69,100 |
| Fees for services: Lobbying | $7,100 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,254 |
| Fees for services: Other | $21,791 |
| Advertising and promotion | $47,555 |
| Office expenses | $73,979 |
| Information technology | $399,293 |
| Royalties | $0 |
| Occupancy | $367,275 |
| Travel | $12,253 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $161,186 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $882,247 |
| Insurance | $159,417 |
| All other expenses | $0 |
| Total functional expenses | $14,562,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,893,889 |
| Savings and temporary cash investments | $3,647,839 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,242,806 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $598,728 |
| Prepaid expenses and deferred charges | $125,962 |
| Investments—publicly traded securities | $4,606,292 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,630 |
| Total assets | $22,252,376 |
| Accounts payable and accrued expenses | $1,237,769 |
| Grants payable | $0 |
| Deferred revenue | $209,724 |
| 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 | $6,076,962 |
| Unsecured mortgages and notes payable | $933,767 |
| Other liabilities | $5,996,858 |
| Total liabilities | $14,455,080 |
| 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 | $7,797,296 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Straith Hospital For Special Surgery has recieved totaling $127,020.
| Awarding Organization | Amount |
|---|---|
Michigan Health And Hospital Association Okemos, MI PURPOSE: GRANT PASS THROUGH FOR COVID-19 | $127,020 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Burnett Medical Center Inc Grantsburg, WI | $27,610,432 | $27,344,828 |
Community Stroke And Rehabilitation Center Inc Munster, IN | $55,866,066 | $21,660,242 |
Sparrow Specialty Hospital Lansing, MI | $45,693,643 | $23,525,933 |
Straith Hospital For Special Surgery Southfield, MI | $22,252,376 | $12,573,917 |
Lake Health-University Hospitals Seidman Cancer Center Shaker Heights, OH | $870,055 | $10,441,936 |
University Orthopaedic Associates Inc Indianapolis, IN | $128,725 | $10,511,925 |
Sharon S Richardson Community Hospice Inc Sheboygan Falls, WI | $14,309,775 | $11,390,948 |
Northeastern Michigan Cancer Center Alpena, MI | $4,723,643 | $2,953,146 |
Transformations Surgery Center Inc Middleton, WI | $1,652,314 | $41,431 |
Aladdin Shriners Hospital Association For Children Inc Grove City, OH | $9,513,473 | $3,360,256 |
Academy Of Geriatric Physical Therapy Inc Middleton, WI | $1,884,858 | $865,611 |
Aultman Radiation Oncology Of Alliance Community Hospital Alliance, OH | $0 | $34,478 |