Bartow Regional Medical Center Inc
- Assets
- $115.7m
- Revenue
- $88.7m
- Investments
- $0.0
- Employees
- 568
- Location
- Bartow, FL
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 47-5387418
Organization Overview
Bartow Regional Medical Center Inc is located in Bartow, FL. The organization was established in 2016. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2023, Bartow Regional Medical Center Inc employed 568 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bartow Regional Medical Center 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 12/2021, Bartow Regional Medical Center Inc generated $88.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $75.4m during the year ending 12/2021. While expenses have increased by 4.9% 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, Bartow Regional Medical Center Inc has awarded 12 individual grants totaling $320,189. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH OF ALL WE SERVE THROUGH COMMUNITY-OWNED HEALTH CARE SERVICES THAT SET THE STANDARD FOR HIGH-QUALITY, COMPASSIONATE CARE.
Describe the Organization's Program Activity:
BARTOW REGIONAL MEDICAL CENTER, INC. (BRMC) IS A FULL-SERVICE 72-BED COMMUNITY HOSPITAL WHICH BEGAN OPERATIONS IN 2016. IN 2022, BRMC PROVIDED INPATIENT CARE TO 3,126 PATIENTS AND TREATED 38,130 PATIENTS IN THE EMERGENCY DEPARTMENT DURING THE YEAR. THROUGH EFFORTS OF THE MEDICAL ASSISTANCE PROGRAM AND THE HOSPITAL'S CHARITY CARE PROGRAM, BRMC SAW A NET COMMUNITY BENEFIT EXPENSE TOTALING APPROXIMATELY $8.87 MILLION. THE HOSPITAL ALSO PROVIDED OTHER COMMUNITY SERVICES TOTALING $1.09 MILLION. REFER TO SCHEDULE H FOR ADDITIONAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee/chair | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee/evp, COO Baycare (until Oct 2022) | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee/chief Operating Officer (eff Nov 2022) | OfficerTrustee | 6 | $0 |
Name Not Listed Trustee/secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aya Healthcare Inc Medical Services | 12/30/22 | $5,964,834 |
Watson Clinic Llp Physician Services | 12/30/22 | $1,758,448 |
Advanced Care Hospitalists Pl Physician Services | 12/30/22 | $613,375 |
Tudi Mechanical Systems Of Tampa Inc Ac Maintenance | 12/30/22 | $553,037 |
Gessler Clinic Pa Physician Services | 12/30/22 | $583,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $475,983 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $475,983 |
| Total Program Service Revenue | $87,373,726 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $402,828 |
| Net Gain/Loss on Asset Sales | $166,932 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,671,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,847 |
| 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. | $175,170 |
| Compensation of current officers, directors, key employees. | $175,170 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,033,423 |
| Pension plan accruals and contributions | $905,019 |
| Other employee benefits | $2,188,443 |
| Payroll taxes | $1,714,087 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,068 |
| 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 | $15,607,133 |
| Advertising and promotion | $71,771 |
| Office expenses | $1,136,725 |
| Information technology | $180,031 |
| Royalties | $0 |
| Occupancy | $1,606,188 |
| Travel | $162,856 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $148,478 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,905,036 |
| Insurance | $641,433 |
| All other expenses | $3,185,711 |
| Total functional expenses | $75,353,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $556,312 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,743,330 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $44,751 |
| Inventories for sale or use | $2,514,010 |
| Prepaid expenses and deferred charges | $380,704 |
| Net Land, buildings, and equipment | $42,367,890 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $102,980 |
| Intangible assets | $18,470,829 |
| Other assets | $43,485,330 |
| Total assets | $115,666,136 |
| Accounts payable and accrued expenses | $6,644,152 |
| Grants payable | $0 |
| Deferred revenue | $14,875 |
| 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 | $150,405 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $193,302 |
| Total liabilities | $7,002,734 |
| Net assets without donor restrictions | $108,663,402 |
| 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 | $115,666,136 |
Grants Awarded
Over the last fiscal year, Bartow Regional Medical Center Inc has awarded $151,345 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TAMPA BAY THRIVES PURPOSE: Behavioral Health | $45,751 |
BARTOW CHURCH SERVICE CENTER PURPOSE: Food Insecurity | $10,000 |
NORTHSIDE BEHAVORIAL HEALTH PURPOSE: Access to Mental Health Services | $11,987 |
FEEDING AMERICA TAMPA BAY PURPOSE: Food Insecurity | $44,468 |
CENTRAL FLORIDA HEALTH CARE PURPOSE: Exercise Nutrition and Weight | $39,139 |