Highland Medical Center Inc
- Assets
- $9.4m
- Revenue
- $5.8m
- Investments
- $10.0k
- Employees
- 35
- Location
- Monterey, VA
- Founding
- 06/1993
- Data as of
- 06/2023
- EIN
- 54-1652356
Organization Overview
Highland Medical Center Inc is located in Monterey, VA. The organization was established in 1993. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 06/2023, Highland Medical Center Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highland 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 06/2023, Highland Medical Center Inc generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $4.2m during the year ending 06/2023. While expenses have increased by 8.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PRIMARY AND PREVENTATIVE MEDICAL AND DENTAL CARE TO RESIDENTS OF HIGHLAND COUNTY, VIRGINIA AND SURROUNDING AREAS REGARDLESS OF ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL, DENTAL, AND PHYSCIAL THERAPY HEALTHCARE SERVICES
PHARMACY AND BEHAVIORAL HEALTHCARE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristie Siron President | OfficerTrustee | 5 | $0 |
Mike Fatula Vice Preside | OfficerTrustee | 2 | $0 |
Lisa Klein Treasurer | OfficerTrustee | 2 | $0 |
Monika Eckard Secretary | OfficerTrustee | 2 | $0 |
Gregory N Robinson Im/past Pres | OfficerTrustee | 1 | $0 |
Tracey Mccray Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lionberger Construction Company Construction | 6/29/23 | $725,829 |
Insight Medical Groups Pa Dba Array Locum Tenens | 6/29/23 | $104,886 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,915,162 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,312,860 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,228,022 |
| Total Program Service Revenue | $2,522,015 |
| Investment income | $34,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $5,785,810 |
| 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. | $346,970 |
| Compensation of current officers, directors, key employees. | $346,970 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,653,249 |
| Pension plan accruals and contributions | $28,090 |
| Other employee benefits | $162,637 |
| Payroll taxes | $142,625 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $968 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $653 |
| Fees for services: Other | $471,669 |
| Advertising and promotion | $9,255 |
| Office expenses | $39,143 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,563 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,759 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $234,465 |
| Insurance | $46,472 |
| All other expenses | $2,021 |
| Total functional expenses | $4,177,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,883,885 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,918,135 |
| Accounts receivable, net | $264,549 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $264,503 |
| Prepaid expenses and deferred charges | $6,051 |
| Net Land, buildings, and equipment | $2,944,794 |
| Investments—publicly traded securities | $1,242,122 |
| Investments—other securities | $10,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $845,844 |
| Total assets | $9,379,883 |
| Accounts payable and accrued expenses | $573,799 |
| Grants payable | $0 |
| Deferred revenue | $1,817,360 |
| 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 | $2,620 |
| Total liabilities | $2,393,779 |
| Net assets without donor restrictions | $6,943,774 |
| Net assets with donor restrictions | $42,330 |
| 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 | $9,379,883 |