Tift Regional Health System Inc
- Assets
- $828.1m
- Revenue
- $470.5m
- Investments
- $0.0
- Employees
- 3,232
- Location
- Tifton, GA
- Founding
- 02/2013
- Data as of
- 09/2023
- EIN
- 45-3072990
Organization Overview
Tift Regional Health System Inc is located in Tifton, GA. The organization was established in 2013. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. As of 09/2023, Tift Regional Health System Inc employed 3,232 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tift Regional Health System Inc 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, Tift Regional Health System Inc generated $470.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $491.5m during the year ending 09/2023. While expenses have increased by 13.8% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO DELIVER A LIFETIME OF QUALITY AND COMPASSIONATE CARE FOR EACH PATIENT WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TIFT REGIONAL HEALTH SYSTEM (TRHS) IS A GROWING, NOT-FOR-PROFIT HOSPITAL SYSTEM. ITS MAIN CAMPUS SERVES 12 COUNTIES IN SOUTH CENTRAL GEORGIA. TRHS OFFERS MORE THAN 135 PHYSICIANS WITH EXPERTISE IN OVER 30 SPECIALTIES. TRHS PROVIDES A WIDE RANGE OF CARE, INCLUDING SIGNATURE SERVICES IN SURGERY, ONCOLOGY, CARDIOVASCULAR CARE, WOMEN'S HEALTH, NEURODIAGNOSTICS, GERIATRIC PSYCHIATRIC CARE, RADIOLOGY AND MORE. THE MAIN CAMPUS IS TIFT REGIONAL MEDICAL CENTER (TRMC), A 181-BED REGIONAL REFERRAL HOSPITAL LOCATED IN TIFTON AT 901 EAST 18TH STREET. TRMC'S WEST CAMPUS, LOCATED IN TIFTON AT 2225 HIGHWAY 41 NORTH, IS AN OUTPATIENT FACILITY WHICH HOUSES VARIOUS DIAGNOSTIC SERVICES AND THE REGION'S LARGEST MULTI-SPECIALTY PRACTICE. A 3RD CAMPUS OF TRMC IS IN ADEL, GA. SOUTHWELL MEDICAL IS A 60-BED HOSPITAL (THAT IS NOT SEPARATELY LICENSED) INCLUDING A 12-BED GERIATRIC PSYCHIATRIC UNIT. A 95-BED SKILLED NURSING FACILITY, SOUTHWELL HEALTH & REHABILITATION, ALSO IS LOCATED ON THE SOUTHWELL MEDICAL CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Burke MD Physician | 40 | $1,812,634 | |
Edward Hellman MD Physician | 40 | $1,440,297 | |
George Yared MD Physician | 40 | $1,351,569 | |
Charles D Spikes MD Physician | 40 | $1,320,059 | |
Kyle Fleck MD Physician | 40 | $1,201,682 | |
Forte Mceachin MD Exec. Medica | Officer | 40 | $881,685 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ally Healthcare Staffing Nursing | 9/29/23 | $3,359,595 |
Asa Wilson Dba Asa Healthcare Soluti Nursing Svcs | 9/29/23 | $1,658,682 |
Neogenomics Laboratories Lab Services | 9/29/23 | $879,871 |
Jackson Therapy Partners Llc Sono Svcs | 9/29/23 | $1,000,156 |
Aspirion Health Resources Llc Billing | 9/29/23 | $1,171,931 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,426,353 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,965,647 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,392,000 |
| Total Program Service Revenue | $442,687,832 |
| Investment income | $11,270,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,015,548 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $470,497,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,400 |
| Grants and other assistance to domestic individuals. | $1,183,025 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,279,311 |
| Compensation of current officers, directors, key employees. | $3,687,974 |
| Compensation to disqualified persons | $405,328 |
| Other salaries and wages | $195,305,240 |
| Pension plan accruals and contributions | $7,568,751 |
| Other employee benefits | $39,439,680 |
| Payroll taxes | $12,484,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,786 |
| Fees for services: Accounting | $359,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,199,054 |
| Advertising and promotion | $805,617 |
| Office expenses | $11,048,484 |
| Information technology | $14,598,697 |
| Royalties | $0 |
| Occupancy | $4,694,085 |
| Travel | $1,079,418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $298,128 |
| Interest | $5,255,851 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,738,556 |
| Insurance | $6,151,691 |
| All other expenses | $2,300,628 |
| Total functional expenses | $491,533,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,806,184 |
| Savings and temporary cash investments | $397,387 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,114,033 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,016,517 |
| Inventories for sale or use | $2,165,200 |
| Prepaid expenses and deferred charges | $9,550,985 |
| Net Land, buildings, and equipment | $324,649,770 |
| Investments—publicly traded securities | $392,229,235 |
| Investments—other securities | $0 |
| Investments—program-related | $1,047,186 |
| Intangible assets | $0 |
| Other assets | $11,097,357 |
| Total assets | $828,073,854 |
| Accounts payable and accrued expenses | $48,338,539 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $12,312,810 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $220,603,731 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,806,847 |
| Total liabilities | $290,061,927 |
| Net assets without donor restrictions | $538,011,927 |
| 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 | $828,073,854 |
Grants Awarded
Over the last fiscal year, Tift Regional Health System Inc has awarded $43,643 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ABAC FOUNDATION PURPOSE: EDUCATION | $15,680 |
AMERICAN KIDNEY FUND PURPOSE: FINANICAL SUPPORT | $27,963 |