Carilion Franklin Memorial Hospital
- Assets
- $34.4m
- Revenue
- $53.5m
- Investments
- $6.9m
- Employees
- 466
- Location
- Roanoke, VA
- Founding
- 04/1956
- Data as of
- 09/2020
- EIN
- 54-0480606
Organization Overview
Carilion Franklin Memorial Hospital is located in Roanoke, VA. The organization was established in 1956. 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 09/2021, Carilion Franklin Memorial Hospital employed 466 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carilion Franklin Memorial Hospital 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 09/2020, Carilion Franklin Memorial Hospital generated $53.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $48.7m during the year ending 09/2020. While expenses have increased by 2.9% 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 2015, Carilion Franklin Memorial Hospital has awarded 34 individual grants totaling $518,874. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE THROUGH OUR COMMITMENT TO A COMMON PURPOSE OF BETTER PATIENT CARE, BETTER COMMUNITY HEALTH AND LOWER COST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quest Diagnostics Laboratory Services | 9/29/21 | $1,312,259 |
Qualivis Inc Temporary Staffing | 9/29/21 | $278,431 |
Kahler Slater Inc Architectural Services | 9/29/21 | $362,517 |
Siemens Medical Solutions Usa Inc Equipment Maintenance | 9/29/21 | $139,456 |
F & S Building Innovations Inc Construction Services | 9/29/21 | $118,695 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,484,638 |
| Investment income | $70,464 |
| Tax Exempt Bond Proceeds | $22,307 |
| Royalties | $0 |
| Net Rental Income | $76,173 |
| Net Gain/Loss on Asset Sales | $155,584 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,453,560 |
| 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. | $241,996 |
| Compensation to disqualified persons | $121,590 |
| Other salaries and wages | $16,155,519 |
| Pension plan accruals and contributions | $1,893,794 |
| Other employee benefits | $2,052,036 |
| Payroll taxes | $1,219,814 |
| Fees for services: Management | $5,971,406 |
| Fees for services: Legal | $577 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $3,281 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,015 |
| Fees for services: Other | $4,902,596 |
| Advertising and promotion | $472 |
| Office expenses | $568,876 |
| Information technology | $64,886 |
| Royalties | $0 |
| Occupancy | $617,324 |
| Travel | $300,126 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $372,783 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,553,423 |
| Insurance | $348,760 |
| All other expenses | $0 |
| Total functional expenses | $48,686,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $717 |
| Savings and temporary cash investments | $61,729 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,710,593 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $37,065 |
| Investments—publicly traded securities | $3,720,279 |
| Investments—other securities | $6,877,393 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,389,782 |
| Total assets | $34,418,043 |
| Accounts payable and accrued expenses | $4,097,448 |
| Grants payable | $0 |
| Deferred revenue | $6,709,433 |
| Tax-exempt bond liabilities | $6,761,833 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,003,747 |
| Total liabilities | $34,572,461 |
| Net assets without donor restrictions | $0 |
| 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 | -$154,418 |
Grants Awarded
Over the last fiscal year, Carilion Franklin Memorial Hospital has awarded $21,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Rocky Mount, VA PURPOSE: Nurse Practioner Sponsor | $11,000 |
Rocky Mount, VA PURPOSE: Soup Kitchen Operations | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carilion Franklin Memorial Hospital has recieved totaling $23,148.
| Awarding Organization | Amount |
|---|---|
Carilion Clinic Foundation Roanoke, VA PURPOSE: Hospice, Program Support | $23,148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maryview Hospital Llc Suffolk, VA | $0 | $126,392,609 |
Leconte Medical Center Knoxville, TN | $91,240,969 | $144,185,798 |
Columbus Regional Healthcare System Whiteville, NC | $197,969,739 | $134,524,668 |
Harnett Health System Inc Dunn, NC | $119,557,525 | $137,837,447 |
Davis Memorial Hospital Elkins, WV | $99,450,993 | $120,748,268 |
U Of M Rehab & Orthopaedic Institute Baltimore, MD | $214,130,610 | $125,454,652 |
Lexington Medical Center Lexington, NC | $126,269,827 | $125,126,706 |
Bon Secours-Richmond Community Hospital Richmond, VA | $200,107,508 | $168,768,277 |
Reynolds Memorial Hospital Inc Glen Dale, WV | $68,940,537 | $122,482,209 |
Uva Culpeper Medical Center Culpeper, VA | $139,556,597 | $116,029,117 |
Morristown Hamblen Hosp Knoxville, TN | $71,835,132 | $127,114,372 |
Novant Health Thomasville Medical Center Llc Winston Salem, NC | $97,078,773 | $115,006,947 |