Sparrow Eaton Hospital
- Assets
- $111.8m
- Revenue
- $81.6m
- Investments
- $0.0
- Employees
- 587
- Location
- Charlotte, MI
- Founding
- 10/1944
- Data as of
- 12/2022
- EIN
- 38-2007629
Organization Overview
Sparrow Eaton Hospital, operating under the name Hayes Green Beach Memorial Hospital, is located in Charlotte, MI. The organization was established in 1944. 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 12/2022, Hayes Green Beach Memorial Hospital employed 587 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hayes Green Beach 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 12/2022, Hayes Green Beach Memorial Hospital generated $81.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $66.3m during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 8 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
SPARROW EATON HOSPITAL PROVIDES NEEDED MEDICAL CARE TO THE COMMUNITY REGARDLESS OF THE INDIVIDUALS ABILITY TO PAY. THESE SERVICES ARE PROVIDED TO HOSPITAL INPATIENTS AND OUTPATIENTS IN ADDITION TO 24 HOUR EMERGENCY ROOM AND AMBULANCE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INPATIENT CARE OFFERS INPATIENT ACUTE CARE SERVICES WITH ADMISSIONS OF 866 PATIENTS PROVIDING 3,205 DAYS OF CARE.
OUTPATIENT CARE INCLUDES LABORATORY, RADIOLOGY, REHAB, RESPIRATORY THERAPY, AND 24 HOUR EMERGENCY CARE. THESE INCLUDED 16,479 EMERGENCY ROOM VISITS, 43,785 RADIOLOGY PROCEDURES, 270,708 LABORATORY TESTS, AND 68,769 THERAPY PROCEDURES. IN ADDITION, 5,050 AMBULANCE RUNS WERE PROVIDED.
PHYSICIAN PRACTICE VISITS OF 87,647 WERE PROVIDED IN FAMILY PRACTICE, INTERNAL MEDICINE, ORTHOPEDICS, GENERAL SURGERY, ONMM AND PAIN MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Doman Physician | 40 | $1,447,103 | |
Jeremy Pascotto Physician | 40 | $1,268,217 | |
James F Dover Former Board | 0 | $0 | |
Joseph Ruth Former Board | 0 | $0 | |
Paula Reichle Sr VP - CFO | OfficerTrustee | 1 | $0 |
Scot Randall Physician | 40 | $581,399 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fastaff Llc Temp Labor | 12/30/22 | $2,059,738 |
Aya Healthcare Inc Temp Labor | 12/30/22 | $2,767,103 |
Akg-hgb Inc Patient Care | 12/30/22 | $301,308 |
Alliance-hni Leasing Co Llc Health Care Srv | 12/30/22 | $992,345 |
Vituity-michigan Hospitalists Health Care Srv | 12/30/22 | $720,950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $98,132 |
| Government grants | $909,599 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,096,057 |
| Total Program Service Revenue | $74,100,263 |
| Investment income | $2,699,323 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $296,989 |
| 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 | $81,597,106 |
| 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. | $291,280 |
| Compensation of current officers, directors, key employees. | $291,280 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,103,004 |
| Pension plan accruals and contributions | $1,288,632 |
| Other employee benefits | $2,403,734 |
| Payroll taxes | $1,806,629 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $424 |
| Fees for services: Accounting | $6,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $119,656 |
| Fees for services: Other | $142,824 |
| Advertising and promotion | $70,099 |
| Office expenses | $80,073 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,023,080 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $158,512 |
| Interest | $597,703 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,375,233 |
| Insurance | $325,536 |
| All other expenses | $1,074,504 |
| Total functional expenses | $66,296,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,900,803 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,909,496 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,426,527 |
| Inventories for sale or use | $859,504 |
| Prepaid expenses and deferred charges | -$81,874 |
| Net Land, buildings, and equipment | $40,895,371 |
| Investments—publicly traded securities | $29,320,376 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,553,457 |
| Total assets | $111,783,660 |
| Accounts payable and accrued expenses | $19,523,758 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $12,849,744 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $32,373,502 |
| Net assets without donor restrictions | $79,299,892 |
| Net assets with donor restrictions | $110,266 |
| 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 | $111,783,660 |