Benson Area Medical Center Inc
- Assets
- $2.2m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 61
- Location
- Benson, NC
- Founding
- 01/1978
- Data as of
- 06/2023
- EIN
- 56-1181412
Organization Overview
Benson Area Medical Center Inc is located in Benson, NC. The organization was established in 1978. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 06/2023, Benson Area Medical Center Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benson Area 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, Benson Area Medical Center Inc generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $3.6m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 6 years. 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
HEALTHCARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENSON AREA MEDICAL CENTER PROVIDED MEDICAL SERVICES TO APPROXIMATELY 5,141 PATIENTS IN THE RURAL AREAS IN AND AROUND BENSON, NC DURING THE FISCAL YEAR ENDED 6/30/23.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Braswell Chairman | OfficerTrustee | 1.5 | $0 |
Ed Wood Vice Chairma | OfficerTrustee | 1.25 | $0 |
Drucilla Adams Secretary | OfficerTrustee | 1.25 | $0 |
Elaine Ellis Treasurer | OfficerTrustee | 1.25 | $0 |
Mechelle Alford Director | Trustee | 0.5 | $0 |
Suzanne Cook Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $261,811 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,827 |
| Total Program Service Revenue | $2,823,680 |
| Investment income | $4,235 |
| 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 | $3,120,399 |
| 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. | $352,160 |
| Compensation of current officers, directors, key employees. | $105,648 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,839,312 |
| Pension plan accruals and contributions | $12,015 |
| Other employee benefits | $240,216 |
| Payroll taxes | $152,473 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $457,442 |
| Advertising and promotion | $16,563 |
| Office expenses | $31,835 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,576 |
| Travel | $2,525 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,152 |
| Interest | $45,289 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $111,536 |
| Insurance | $44,321 |
| All other expenses | $3,204 |
| Total functional expenses | $3,646,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,904 |
| Savings and temporary cash investments | $513,387 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $290,197 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $46,017 |
| Prepaid expenses and deferred charges | $22,825 |
| Net Land, buildings, and equipment | $1,144,412 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,391 |
| Total assets | $2,168,133 |
| Accounts payable and accrued expenses | $345,882 |
| Grants payable | $0 |
| Deferred revenue | $250,000 |
| 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 | $969,580 |
| Unsecured mortgages and notes payable | $290,853 |
| Other liabilities | $22,698 |
| Total liabilities | $1,879,013 |
| Net assets without donor restrictions | $185,770 |
| Net assets with donor restrictions | $103,350 |
| 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 | $2,168,133 |