Curae Health Inc
- Assets
- $11.4m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 35
- Location
- Clinton, TN
- Founding
- 05/2015
- Data as of
- 12/2018
- EIN
- 47-2275638
Organization Overview
Curae Health Inc is located in Clinton, TN. The organization was established in 2015. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2016, Curae Health Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Curae Health 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 12/2018, Curae Health Inc generated $4.4m in total revenue. All expenses for the organization totaled $4.6m during the year ending 12/2018. While expenses have increased by 43.2% per year over the past 2 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
CURAE HEALTH, INC. SEEKS TO IMPROVE THE DELIVERY OF HEALTHCARE SERVICES IN RURAL AMERICA BY GIVING LOCAL HEALTHCARE ORGANIZATIONS AN ALTERNATIVE TO FOR-PROFIT HOSPITAL COMPANIES OR TERTIARY HEALTH SYSTEMS THAT VIEW RURAL HOSPITALS AS REFERRAL SOURCES AND WHICH ARE AGGRESSIVELY DIVESTING OR EVEN CLOSING DISTRESSED RURAL HOSPITALS. CURAE HEALTH HAS CREATED A NONPROFIT HEALTHCARE SYSTEM THAT FOCUSES ON STABILIZING RURAL HOSPITALS BY PROVIDING THEM WITH RURAL HEALTHCARE MANAGEMENT EXPERTISE AND MORE EFFICIENT LOW COST SERVICES THAT ARE TRADITIONALLY ONLY AVAILABLE THROUGH LARGER HEALTHCARE SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE IN CURRENT YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren E Payne Director | Trustee | 0 | $0 |
Joseph M Dawson Director | Trustee | 0 | $0 |
Gregory A Harb Director | Trustee | 0 | $0 |
Anne H Swartz Director | Trustee | 0 | $0 |
Christopher Sawyer Director | Trustee | 0 | $0 |
Steve Clapp President | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Egerton Mcafee Armistead & Davis Pc Legal Services | 12/30/16 | $362,801 |
Lbmc Pc Payroll Services | 12/30/16 | $343,665 |
Pershing Yoakley & Associates Consulting | 12/30/16 | $115,888 |
Baker Donelson Legal Services | 12/30/16 | $534,752 |
Community Healthcare Trust Reit Management | 12/30/16 | $469,989 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $4,382,300 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,399,732 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,609 |
| Payroll taxes | $0 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $247,980 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $138,862 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,555 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,636,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,681,185 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,002,804 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $352,318 |
| Total assets | $11,361,305 |
| Accounts payable and accrued expenses | $2,991,890 |
| Grants payable | $0 |
| Deferred revenue | $150,000 |
| 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 | $68,595 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $930,047 |
| Total liabilities | $4,062,177 |
| Net assets without donor restrictions | $7,299,128 |
| 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 | $7,299,128 |