Freeman Neosho Hospital
- Assets
- $77.9m
- Revenue
- $37.2m
- Investments
- $0.0
- Employees
- 272
- Location
- Neosho, MO
- Founding
- 01/1994
- Data as of
- 03/2022
- EIN
- 43-1240629
Organization Overview
Freeman Neosho Hospital is located in Neosho, MO. The organization was established in 1994. 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 03/2022, Freeman Neosho Hospital employed 272 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freeman Neosho 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 03/2022, Freeman Neosho Hospital generated $37.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $29.8m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FREEMAN NEOSHO PROVIDES WORLD CLASS, COMPASSIONATE HEALTHCARE SERVICES WHERE IT MATTERS MOST, CLOSE TO HOME. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
Describe the Organization's Program Activity:
FREEMAN NEOSHO OFFERS OUTPATIENT SERVICES INCLUDING EMERGENCY MEDICINE, WOMEN'S SERVICES, HEART CARE, ORTHOPAEDICS, OTOLARYNGOLOGY, A PHARMACY, OCCUPATIONAL MEDICINE, REHABILITATION THERAPIES, RADIOLOGY, LABORATORY SERVICES AND MORE. FOR THOSE REQUIRING EMERGENCY MEDICAL CARE, FREEMAN NEOSHO OFFERS AN EMERGENCY ROOM STAFFED BY EXPERIENCED PHYSICIANS 24 HOURS A DAY, 7 DAYS A WEEK. LEADING-EDGE COMPUTED TOMOGRAPHY (CT) AND MAGNETIC RESONANCE IMAGING (MRI) SERVICES ARE AVAILABLE FOR PATIENTS IN THE LARRY D. NEFF CT-MRI SUITE. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
FREEMAN NEOSHO HOSPITAL PROVIDES INTENSIVE CARE, GENERAL CARE, AND SWING-BED INPATIENT SERVICES. FREEMAN NEOSHO INPATIENT SERVICES TOTALED 668 CASES, OF WHICH, 81, OR 12%, WERE MEDICAID CASES. ADDITIONALLY, 46 INPATIENT CASES, OR 7% OF THE TOTAL, FELL INTO THE SELF-PAY (NO INSURANCE) CATEGORY. INPATIENT - GENERAL SURGERY: FREEMAN NEOSHO CONTINUES TO PROVIDE GENERAL SURGERY SERVICES SO PATIENTS DO NOT HAVE TO TRAVEL OUT OF TOWN FOR SURGERIES-INCLUDING MINIMALLY INVASIVE SURGERIES-THAT COVER A WIDE RANGE OF CONCERNS OR PROBLEMS. SEE SCHEDULE O.
THE FREEMAN NEOSHO EMERGENCY DEPARTMENT TREATED 11,557 CASES, OF WHICH 3,790 WERE MEDICAID CASES, REPRESENTING 33% OF THE TOTAL EMERGENCY ROOM VOLUME. IN ADDITION, THE EMERGENCY ROOM TREATED 1,767 CASES, OR 15%, THAT WERE SELF-PAY (NO INSURANCE). WITH AN EMERGENCY ROOM STAFFED 24 HOURS A DAY BY EXPERIENCED EMERGENCY ROOM PHYSICIANS, FREEMAN NEOSHO EMERGENCY SERVICES PROVIDES A LIFELINE WHEN MEDICAL EMERGENCIES ARISE TO PEOPLE IN RURAL SOUTHWESTERN MISSOURI. MEDFLIGHT AMBULANCE PROVIDES EMERGENCY TRANSPORT SERVICES TO AND FROM FREEMAN NEOSHO HOSPITAL. SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yara Touma Physician | 53 | $654,844 | |
Ernest Holmes Physician | 60 | $521,408 | |
Brady Grant Hesington Director | Trustee | 40 | $343,223 |
Adam Field Physician | 57.6 | $273,939 | |
Michael Pace Physician | 60 | $261,176 | |
Matthew Walter Physician | 60 | $225,286 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,784,213 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,967 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,858,180 |
| Total Program Service Revenue | $32,472,246 |
| Investment income | $1,123,276 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $51,254 |
| Net Gain/Loss on Asset Sales | $1,650,243 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,155,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $251,600 |
| 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. | $1,141,864 |
| Compensation of current officers, directors, key employees. | $204,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,232,007 |
| Pension plan accruals and contributions | $234,230 |
| Other employee benefits | $2,366,792 |
| Payroll taxes | $891,213 |
| 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 | $34,975 |
| Fees for services: Other | $1,263,322 |
| Advertising and promotion | $81,609 |
| Office expenses | $3,612,577 |
| Information technology | $1,604 |
| Royalties | $0 |
| Occupancy | $757,494 |
| Travel | $63,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,982 |
| Interest | $12,417 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,029,745 |
| Insurance | $395,119 |
| All other expenses | $0 |
| Total functional expenses | $29,767,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,450 |
| Savings and temporary cash investments | $1,313,973 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,252,101 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $512,576 |
| Prepaid expenses and deferred charges | $187,542 |
| Net Land, buildings, and equipment | $8,062,576 |
| Investments—publicly traded securities | $60,470,677 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $664,703 |
| Other assets | $2,388,611 |
| Total assets | $77,854,209 |
| Accounts payable and accrued expenses | $564,003 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $229,745 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $255,447 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,247,020 |
| Total liabilities | $5,296,215 |
| Net assets without donor restrictions | $72,557,994 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $77,854,209 |
Grants Awarded
Over the last fiscal year, Freeman Neosho Hospital has awarded $840,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Joplin, MO PURPOSE: SUPPORT | $250,000 |
Joplin, MO PURPOSE: SUPPORT | $250,000 |
Joplin, MO PURPOSE: SUPPORT | $250,000 |
Neosho, MO PURPOSE: SUPPORT | $30,000 |
Neosho, MO PURPOSE: SUPPORT | $30,000 |
Neosho, MO PURPOSE: SUPPORT | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Freeman Neosho Hospital has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Hospital Industry Data Institute Jefferson City, MO PURPOSE: See Part IV | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Marys Hospital Ozaukee Inc St Louis, MO | $0 | $119,639,290 |
Leconte Medical Center Knoxville, TN | $91,240,969 | $144,185,798 |
Fort Madison Community Hospital West Burlington, IA | $0 | $63,917,889 |
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 |
Holy Cross Hospital Chicago, IL | $142,348,563 | $113,770,792 |
Methodist Fremont Health Omaha, NE | $109,967,706 | $124,306,426 |
Jennie Edmundson Memorial Hospital Council Bluffs, IA | $159,830,825 | $120,935,401 |
Morristown Hamblen Hosp Knoxville, TN | $71,835,132 | $127,114,372 |
Ottawa Regional Hospital & Healthcare Center Peoria, IL | $91,725,518 | $145,777,119 |
St Bernard Hospital Chicago, IL | $104,253,183 | $104,812,040 |
Arh Tug Valley Health Services Inc Lexington, KY | $46,450,356 | $119,809,065 |