Lester E Cox Medical Center
- Assets
- $1.9b
- Revenue
- $1.6b
- Investments
- $299.1m
- Employees
- 12,713
- Location
- Springfield, MO
- Founding
- 08/1944
- Data as of
- 09/2023
- 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 09/2023, Lester E Cox Medical Center employed 12,713 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 09/2023, Lester E Cox Medical Center generated $1.6b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.6b during the year ending 09/2023. While expenses have increased by 5.3% 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.
Since 2016, Lester E Cox Medical Center has awarded 24 individual grants totaling $1,432,390. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
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 $1,268,851,222 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. THE HOSPITAL ALSO OPERATES COX COLLEGE, A PRIVATE, NON-PROFIT SINGLE PURPOSE COLLEGE ACCREDITED TO PROVIDE ACADEMIC PROGRAMMING IN A VARIETY OF ALLIED HEALTH FIELDS.
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. AFFORDABLE, CONVENIENT CARE IS ALSO PROVIDED IN OUR RETAIL CLINICS. LESTER E. COX MEDICAL CENTERS CONTINUES TO ADD SUPER CLINICS BRINGING ADVANCED CARE TO THE PATIENT INCLUDING PHYSICAL THERAPY, IMAGING AND PHARMACY SERVICES WITHIN THE CLINIC. COXHEALTH HAS ALSO INVESTED IN TELEMEDICINE INFRASTRUCTURE TO FURTHER EXPAND ITS ABILITY TO OFFER COST EFFECTIVE AND CONVENIENT CARE TO OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed 1st Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed 3rd Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed President & CEO | OfficerTrustee | 1 | $0 |
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed 2nd Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spfd Neurological Institute Phys Remuneration | 9/29/23 | $16,648,006 |
Ozark Anathesia Associates Anesthesia Services | 9/29/23 | $13,534,625 |
Mplt Healthcare Llc Phys Services/locum | 9/29/23 | $11,294,554 |
Intellihartx Llc Account Collections | 9/29/23 | $9,617,522 |
360 Degree Medicine Physician Services | 9/29/23 | $7,427,830 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $73,781 |
| Related organizations | $208,192 |
| Government grants | $66,226,591 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,047,505 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,556,069 |
| Total Program Service Revenue | $1,614,365,441 |
| Investment income | $34,818,921 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,108,714 |
| Net Gain/Loss on Asset Sales | -$10,425,282 |
| Net Income from Fundraising Events | -$10,065 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$143,582 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,639,754,736 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $160,278 |
| Grants and other assistance to domestic individuals. | $1,552,964 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,420,730 |
| Compensation of current officers, directors, key employees. | $549,102 |
| Compensation to disqualified persons | $1,047,431 |
| Other salaries and wages | $548,571,965 |
| Pension plan accruals and contributions | $31,008,979 |
| Other employee benefits | $45,941,891 |
| Payroll taxes | $42,440,282 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,533 |
| Fees for services: Accounting | $113,939 |
| Fees for services: Lobbying | $177,312 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,058,141 |
| Fees for services: Other | $451,569,485 |
| Advertising and promotion | $514,343 |
| Office expenses | $22,789,568 |
| Information technology | $15,351,269 |
| Royalties | $0 |
| Occupancy | $21,477,188 |
| Travel | $2,481,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $297,432 |
| Interest | $19,155,878 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,285,333 |
| Insurance | $8,279,935 |
| All other expenses | $0 |
| Total functional expenses | $1,611,918,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,819,309 |
| Savings and temporary cash investments | $152,868,578 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $201,882,275 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $24,146,907 |
| Inventories for sale or use | $23,931,092 |
| Prepaid expenses and deferred charges | $41,581,550 |
| Net Land, buildings, and equipment | $491,996,974 |
| Investments—publicly traded securities | $486,325,002 |
| Investments—other securities | $299,114,927 |
| Investments—program-related | $69,536,454 |
| Intangible assets | $25,263,742 |
| Other assets | $112,885,394 |
| Total assets | $1,932,352,204 |
| Accounts payable and accrued expenses | $174,725,703 |
| Grants payable | $0 |
| Deferred revenue | $12,499,381 |
| Tax-exempt bond liabilities | $456,215,915 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $28,765,259 |
| Unsecured mortgages and notes payable | $5,757,770 |
| Other liabilities | $80,275,258 |
| Total liabilities | $758,239,286 |
| Net assets without donor restrictions | $1,132,883,080 |
| Net assets with donor restrictions | $41,229,838 |
| 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 | $1,932,352,204 |
Grants Awarded
Over the last fiscal year, Lester E Cox Medical Center has awarded $40,169 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MHA CENTER FOR EDUCATION PURPOSE: COMMUNITY BENEFIT | $18,045 |
COX-MONETT HOSPITAL INC PURPOSE: COMMUNITY BENEFIT | $12,254 |
SKAGGS COMMUNITY HOSPITAL ASSOCIATION (COX MEDICAL CENTER BRANSON) PURPOSE: COMMUNITY BENEFIT | $9,870 |