Buchanan General Hospital Inc
- Assets
- $47.9m
- Revenue
- $30.2m
- Investments
- $7.9m
- Employees
- 281
- Location
- Grundy, VA
- Founding
- 05/1979
- Data as of
- 06/2022
- EIN
- 54-0895648
Organization Overview
Buchanan General Hospital Inc is located in Grundy, VA. The organization was established in 1979. 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 06/2022, Buchanan General Hospital Inc employed 281 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buchanan General 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 06/2022, Buchanan General Hospital Inc generated $30.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $30.0m during the year ending 06/2022. While expenses have increased by 3.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE OUR COMMUNITY WITH VALUABLE, SAFE, EFFICIENT AND CARING HEALTH CARE SERVICES THAT ADDRESS THE NEEDS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PATIENT SERVICE CARE - 4,717 INPATIENT DAYS, 9,093 EMERGENCY ROOM VISITS, 27,689 OUTPATIENT VISITS, AND 650 OBSERVATION PATIENTS.CHARITY CARE PROVIDED AMOUNTED TO $160,227; THE HOSPITAL IS THE SOLE PROVIDER OF ACUTE MEDICAL AND SURGICAL SERVICES IN BUCHANAN COUNTY, VIRGINIA, A MEDICALLY UNDERSERVED AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny Elswick Board Chairman | OfficerTrustee | 1 | $0 |
James W Childress Board Vice-Pres | OfficerTrustee | 1 | $0 |
Mary Ruth Spencer Board Secretary | OfficerTrustee | 1 | $0 |
Harold Musick Board Treasurer | OfficerTrustee | 1 | $0 |
Roger Coleman Board Member | Trustee | 1 | $0 |
Willis Smith Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ohio Valley Physicians Physician Services | 6/29/22 | $1,864,989 |
Jackson And Coker Locum Tenens Physician Locums | 6/29/22 | $592,671 |
Imbesat Daudi Md Physician | 6/29/22 | $412,380 |
Stephen Gooch Collections | 6/29/22 | $285,572 |
Labcorp Lab Services | 6/29/22 | $277,586 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,112,489 |
| 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 | $2,112,489 |
| Total Program Service Revenue | $27,032,923 |
| Investment income | $155,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $235,978 |
| 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 | $30,169,547 |
| 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. | $607,847 |
| Compensation of current officers, directors, key employees. | $607,847 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,559,511 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,154,802 |
| Payroll taxes | $763,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,681 |
| 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 | $59,995 |
| Office expenses | $928,760 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,399,965 |
| Travel | $54,972 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,063 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,263,380 |
| Insurance | $249,180 |
| All other expenses | $1,416,310 |
| Total functional expenses | $29,955,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,624,518 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,504,970 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $880,525 |
| Inventories for sale or use | $705,261 |
| Prepaid expenses and deferred charges | $157,280 |
| Net Land, buildings, and equipment | $8,481,076 |
| Investments—publicly traded securities | $23,608,603 |
| Investments—other securities | $7,921,394 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,883,627 |
| Accounts payable and accrued expenses | $4,749,387 |
| Grants payable | $0 |
| Deferred revenue | $1,129,496 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $352,221 |
| Total liabilities | $6,231,104 |
| Net assets without donor restrictions | $41,652,523 |
| 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 | $47,883,627 |