Bartow Regional Medical Center Inc
- Assets
- $115.7m
- Revenue
- $88.7m
- Investments
- $0.0
- Employees
- 538
- 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 12/2021, Bartow Regional Medical Center Inc employed 538 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.
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. BRMC PROVIDED INPATIENT CARE TO 3,377 PATIENTS AND TREATED 35,456 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 $9.9 MILLION. THE HOSPITAL ALSO PROVIDED OTHER COMMUNITY SERVICES TOTALING NEARLY $947 THOUSAND. REFER TO SCHEDULE H FOR ADDITIONAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Vp, CFO Baycare Hospital Div | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aya Healthcare Inc Medical Services | 12/30/21 | $2,884,049 |
Watson Clinic Llp Physician Services | 12/30/21 | $1,380,205 |
Morrison Healthcare Catering Services | 12/30/21 | $1,322,135 |
Ge Precision Healthcare Llc Clinical Engineering Services | 12/30/21 | $472,877 |
Henkelman Construction Inc Construction Services | 12/30/21 | $455,600 |
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 $51,847 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Winter Haven, FL PURPOSE: Access to Healthcare | $24,347 |
Bartow, FL PURPOSE: Food Insecurity | $15,000 |
Tampa, FL PURPOSE: Access to Healthcare | $12,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bartow Regional Medical Center Inc has recieved totaling $8,649.
| Awarding Organization | Amount |
|---|---|
West Central Florida Disasterservices Incorporated Saint Petersburg, FL PURPOSE: Emergency Services | $2,883 |
West Central Florida Disasterservices Incorporated Saint Petersburg, FL PURPOSE: Emergency Services | $2,883 |
West Central Florida Disasterservices Incorporated Saint Petersburg, FL PURPOSE: Emergency Services | $2,883 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memorial Health Systems Inc Daytona Beach, FL | $611,778,295 | $526,048,604 |
Tanner Medical Center Inc Carrollton, GA | $1,025,880,697 | $412,043,057 |
West Kendall Baptist Hospital Inc Miami, FL | $288,007,221 | $375,374,668 |
Tanner Medical Center Carrollton, GA | $469,761,069 | $338,508,721 |
Houston Hospitals Inc Warner Robins, GA | $374,033,073 | $309,918,266 |
West Georgia Medical Center Inc Marietta, GA | $243,101,632 | $237,917,313 |
Florida Hospital Healthcare Partners Inc Ormond Beach, FL | $26,889,759 | $192,832,663 |
Viera Hospital Inc Rockledge, FL | $296,417,064 | $158,671,950 |
Piedmont Mountainside Hospital Inc Jasper, GA | $64,178,508 | $116,427,064 |
Phoebe Sumter Medical Center Inc Americus, GA | $158,309,975 | $104,741,740 |
Hughston Hospital Inc Columbus, GA | $85,972,460 | $96,015,417 |
Piedmont Walton Hospital Inc Monroe, GA | $55,011,766 | $113,861,474 |