Lester E Cox Medical Center
- Assets
- $1.7b
- Revenue
- $1.2b
- Investments
- $85.7m
- Employees
- 13,105
- Location
- Springfield, MO
- Founding
- 08/1944
- Data as of
- 09/2020
- EIN
- 44-0577118
Organization Overview
Lester E Cox Medical Center is located in Springfield, MO. 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 09/2021, Lester E Cox Medical Center employed 13,105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lester E Cox Medical Center 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 09/2020, Lester E Cox Medical Center generated $1.2b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.2b during the year ending 09/2020. While expenses have increased by 2.0% 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.
Since 2016, Lester E Cox Medical Center has awarded 21 individual grants totaling $1,392,221. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES QUALITY HEALTH CARE, EDUCATION AND RESEARCH IN ORDER TO IMPROVE THE HEALTH OF THE COMMUNITIES IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPITAL SERVICES: AS A COMMUNITY OWNED, NON-PROFIT HOSPITAL, LESTER E. COX MEDICAL CENTERS PROVIDES THE KIND OF CARE AND PROGRAMS THAT ARE NEEDED TO SERVE MANY OF THE MOST VULNERABLE IN OUR COMMUNITIES - THE UNDERINSURED AND UNINSURED. COMMUNITY BENEFIT TOTALED $1,163,074,892 SYSTEM-WIDE IN THESE CATEGORIES: SHORT-FALLS IN REIMBURSEMENT AND CHARITY CARE; COMMUNITY OUTREACH SERVICES INCLUDING COMMUNITY EDUCATION, HEALTH SCREENINGS, SUPPORT GROUPS AND IMMUNIZATIONS; HEALTH PROFESSIONALS EDUCATION AND RESEARCH, INCLUDING THE UN-REIMBURSED COST OF COX FAMILY MEDICINE RESIDENCY AND SCHOOLS OF ALLIED HEALTH PROFESSIONS; AND FOUNDATION GRANTS, FINANCIAL CONTRIBUTIONS AND IN-KIND DONATIONS.
PHYSICIAN CARE: EMPLOYED PHYSICIANS AT LESTER E. COX MEDICAL CENTER PLAY AN IMPORTANT ROLE IN ACCESS TO MEDICAL CARE THROUGH THEIR PRACTICE AT RURAL HEALTH CLINICS IN UNDER-SERVED AREAS OF SOUTHWEST MISSOURI. PHYSICIANS WITH COX FAMILY MEDICINE RESIDENCY ARE MAKING A VISIBLE DIFFERENCE IN CARE FOR UNINSURED PATIENTS AS WELL AS PATIENTS COVERED BY MEDICAID. THESE PATIENTS REPRESENT 10.3% AND 37.2% PERCENT OF TOTAL PATIENTS SEEN IN THE CLINIC RESPECTIVELY. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armin Kamyab MD Physician | 40 | $933,385 | |
Louis Krenn MD Physician | 40 | $678,541 | |
Mimi Propst MD Physician | 40 | $601,348 | |
Arijit Chowdhury MD Physician | 40 | $587,385 | |
Gregory Stamps MD Physician | 40 | $587,023 | |
Frank Romero VP Medical Affairs End 3/21 | Officer | 40 | $440,065 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ozark Anesthesia Associates Anesthesia Services | 9/29/21 | $11,642,332 |
Spfd Neurological Institute Phys Remuneration | 9/29/21 | $15,804,789 |
360 Degree Medicine Physician Services | 9/29/21 | $6,689,380 |
Intellihartx Llc Account Collections | 9/29/21 | $6,624,356 |
Ferrell Duncan Building Co Building Space | 9/29/21 | $3,510,751 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,931,160 |
| Investment income | $14,223,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $614,603 |
| Net Gain/Loss on Asset Sales | $2,509,587 |
| Net Income from Fundraising Events | $16,441 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,242,454,411 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $919,345 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,735,881 |
| Compensation to disqualified persons | $784,801 |
| Other salaries and wages | $381,067,058 |
| Pension plan accruals and contributions | $17,198,636 |
| Other employee benefits | $40,580,108 |
| Payroll taxes | $29,848,306 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75 |
| Fees for services: Accounting | $194,559 |
| Fees for services: Lobbying | $204,895 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,121,168 |
| Fees for services: Other | $337,707,081 |
| Advertising and promotion | $222,418 |
| Office expenses | $15,894,532 |
| Information technology | $8,928,921 |
| Royalties | $0 |
| Occupancy | $18,901,319 |
| Travel | $1,276,931 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,720,095 |
| Interest | $15,951,778 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,004,759 |
| Insurance | $14,708,079 |
| All other expenses | $0 |
| Total functional expenses | $1,200,307,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,300 |
| Savings and temporary cash investments | $302,566,674 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $155,519,671 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,202,905 |
| Inventories for sale or use | $21,074,456 |
| Prepaid expenses and deferred charges | $15,258,650 |
| Investments—publicly traded securities | $515,231,235 |
| Investments—other securities | $85,700,644 |
| Investments—program-related | $65,079,279 |
| Intangible assets | $25,263,742 |
| Other assets | $78,619,568 |
| Total assets | $1,734,890,340 |
| Accounts payable and accrued expenses | $273,755,908 |
| Grants payable | $0 |
| Deferred revenue | $12,611,042 |
| Tax-exempt bond liabilities | $482,403,161 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $48,003,458 |
| Unsecured mortgages and notes payable | $7,205,051 |
| Other liabilities | $146,118,380 |
| Total liabilities | $970,097,000 |
| 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 | $764,793,340 |
Grants Awarded
Over the last fiscal year, Lester E Cox Medical Center has awarded $130,649 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Jefferson City, MO PURPOSE: COMM BENEFIT | $98,539 |
Monett, MO PURPOSE: COMM BENEFIT | $32,110 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lester E Cox Medical Center has recieved totaling $32,637.
| Awarding Organization | Amount |
|---|---|
Donate Life Foundation St Louis, MO PURPOSE: PRGRAM SUPPORT | $20,000 |
Advocates For A Healthy Community Inc Springfield, MO PURPOSE: PASS-THRU GRANT | $12,637 |
Endowment Analysis
| Beg. Balance | $4,429,596 |
| Earnings | $135,287 |
| Net Contributions | $4,232,438 |
| Other Expense | $363,111 |
| Ending Balance | $8,434,210 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Integris Baptist Medical Center Inc Oklahoma City, OK | $2,058,378,701 | $1,074,971,636 |
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Baptist Health Little Rock, AR | $1,838,433,342 | $1,059,132,631 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |