Russellville Hospital Inc
- Assets
- $10.0m
- Revenue
- $26.4m
- Investments
- $0.0
- Employees
- 307
- Location
- Russellville, AL
- Founding
- 04/2015
- Data as of
- 12/2020
- EIN
- 47-2378825
Organization Overview
Russellville Hospital Inc is located in Russellville, AL. The organization was established in 2015. 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 12/2020, Russellville Hospital Inc employed 307 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Russellville Hospital 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 12/2020, Russellville Hospital Inc generated $26.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $26.5m during the year ending 12/2020. While expenses have increased by 2.1% per year over the past 4 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS MAKING COMMUNITIES HEALTHIER. RUSSELLVILLE HOSPITAL IS A RURAL ACUTE CARE HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEEKS TO IMPROVE THE DELIVERY OF HEALTHCARE SERVICES IN RURAL AMERICA BY GIVING LOCAL HEALTHCARE ORGANIZATIONS AN ALTERNATIVE TO FOR-PROFIT HOSPITAL COMPANIES OR HEALTH SYSTEMS. SEEKS TO MAKE THE COMMUNITY HEALTHIER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Foster Board Moderator | Trustee | 0 | $0 |
Keith Morrow DO Chief Of Staff | Trustee | 0 | $0 |
Lloyd Dyas MD Board Member | Trustee | 0 | $0 |
Jeffrey Manord Board Member | Trustee | 0 | $0 |
Jerry Groce Board Member | Trustee | 0 | $0 |
Miranda Decker MD Board Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Health Care Trust Services Rent | 12/30/20 | $140,175 |
Jmj Anesthesia Pc Anesthesiologist Services | 12/30/20 | $415,329 |
Java Medical Group Management Services | 12/30/20 | $360,000 |
Correct Care Inc Physician Services | 12/30/20 | $802,008 |
Integrated Behavioral Health Billing Services | 12/30/20 | $273,020 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,338,828 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,404 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,355,232 |
| Total Program Service Revenue | $21,877,505 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $139,673 |
| 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 | $26,432,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,553,761 |
| Compensation of current officers, directors, key employees. | $140,466 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,109,918 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,182,264 |
| Payroll taxes | $0 |
| Fees for services: Management | $360,000 |
| 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 | $4,210,360 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $303,128 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $244,395 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $583,686 |
| Insurance | $315,736 |
| All other expenses | $7,677,666 |
| Total functional expenses | $26,540,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,394,605 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,132,400 |
| Loans from Officers, Directors, or Controlling Persons | $2,500,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $27,238 |
| Inventories for sale or use | $772,368 |
| Prepaid expenses and deferred charges | $160,139 |
| Net Land, buildings, and equipment | $2,991,223 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,741 |
| Total assets | $10,029,714 |
| Accounts payable and accrued expenses | $1,906,948 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,191,796 |
| Unsecured mortgages and notes payable | $1,761,873 |
| Other liabilities | $4,423,375 |
| Total liabilities | $13,283,992 |
| Net assets without donor restrictions | -$3,254,278 |
| 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 | $10,029,714 |