Fletcher Hospital Inc
- Assets
- $281.9m
- Revenue
- $289.7m
- Investments
- $3.4m
- Employees
- 1,701
- Location
- Hendersonville, NC
- Founding
- 07/1953
- Data as of
- 12/2023
- EIN
- 56-0543246
Organization Overview
Fletcher Hospital Inc, operating under the name Adventhealth Hendersonville, is located in Hendersonville, NC. The organization was established in 1953. 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 12/2023, Adventhealth Hendersonville employed 1,701 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adventhealth Hendersonville 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 12/2023, Adventhealth Hendersonville generated $289.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $266.0m during the year ending 12/2023. While expenses have increased by 6.0% per year over the past 9 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 2014, Adventhealth Hendersonville has awarded 154 individual grants totaling $6,179,079. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PROVISION OF MEDICAL CARE TO THE COMMUNITY THROUGH THE OPERATION OF A 103 BED HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOSPITAL OPERATES A 103-BED ACUTE CARE HOSPITAL WITH 4,469 PATIENT ADMISSIONS, 19,560 PATIENT DAYS, 326,300 OUTPATIENT VISITS, AND 270,517 PHYSICIAN PRACTICE PATIENT VISITS IN THE CURRENT YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Banks David Director (beg 11/2023) | Trustee | 0.3 | $0 |
Thompson Michael Dir/chair/ceo Se Region (beg 01/2023) | Trustee | 12.5 | $0 |
Murrill Michael Dir/chair/ceo Se Region (end 01/2023) | OfficerTrustee | 12.5 | $0 |
Dimitrova Gergana Physician - Md (psychiatry) | 38.8 | $660,867 | |
Guyton Alan Director/cfo Se Region | Trustee | 12.5 | $0 |
Herbert MD Teresa Cmo (end 10/2023) | Officer | 50 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amn Healthcare Services Inc Agency Fees | 12/30/23 | $2,010,921 |
Ob Hospitalists Group Llc Hospitalist Services | 12/30/23 | $1,803,886 |
Pt Solutions Holdings Llc Physical Therapy Services | 12/30/23 | $8,889,921 |
Comphealth Medical Services | 12/30/23 | $1,567,387 |
Wyrick Robbins Yates & Ponton Llp Legal Services | 12/30/23 | $1,423,098 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,248 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,893 |
| Total Program Service Revenue | $287,911,766 |
| Investment income | $3,143,330 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,575 |
| Net Gain/Loss on Asset Sales | -$1,475,563 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $289,729,001 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $679,369 |
| 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. | $4,617,270 |
| Compensation of current officers, directors, key employees. | $3,558,686 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,960,134 |
| Pension plan accruals and contributions | $3,450,244 |
| Other employee benefits | $16,566,607 |
| Payroll taxes | $6,587,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $648,470 |
| Fees for services: Accounting | $49,041 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $508,012 |
| Fees for services: Other | $41,504,851 |
| Advertising and promotion | $967,747 |
| Office expenses | $4,678,563 |
| Information technology | $10,713,700 |
| Royalties | $0 |
| Occupancy | $8,576,052 |
| Travel | $571,013 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $290,114 |
| Interest | $920,070 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,824,246 |
| Insurance | $1,374,780 |
| All other expenses | $374,295 |
| Total functional expenses | $265,953,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,764 |
| Savings and temporary cash investments | $136,293,741 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,264,368 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $32,808 |
| Inventories for sale or use | $4,592,740 |
| Prepaid expenses and deferred charges | $8,107,855 |
| Net Land, buildings, and equipment | $67,365,369 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,410,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,837,173 |
| Total assets | $281,913,818 |
| Accounts payable and accrued expenses | $14,616,590 |
| Grants payable | $0 |
| Deferred revenue | $74,695 |
| 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 | $46,981,848 |
| Total liabilities | $61,673,133 |
| Net assets without donor restrictions | $220,240,685 |
| 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 | $281,913,818 |
Grants Awarded
Over the last fiscal year, Fletcher Hospital Inc has awarded $611,848 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENTHEALTH FOUNDATION INC DBA ADVENTHEALTH HENDERSONVILLE FOUNDATION PURPOSE: PROVISION OF GENERAL ADMINISTRATIVE SUPPORT | $169,692 |
ASHEVILLE AREA CHAMBER OF COMMERCE PURPOSE: GENERAL SUPPORT | $39,500 |
CONSERVING CAROLINA PURPOSE: GENERAL SUPPORT | $80,000 |
BUNCOMBE COUNTY SCHOOLS FOUNDATION INC PURPOSE: GENERAL SUPPORT | $31,000 |
HENDERSON COUNTY FREE MEDICAL CLINIC INC DBA THE FREE CLINICS PURPOSE: GENERAL SUPPORT | $25,000 |
HOPE COALITION CORP PURPOSE: GENERAL SUPPORT | $30,000 |