Murphy Medical Center Inc
- Assets
- $53.2m
- Revenue
- $64.2m
- Investments
- $0.0
- Employees
- 543
- Location
- Murphy, NC
- Founding
- 02/1994
- Data as of
- 06/2021
- EIN
- 56-1844262
Organization Overview
Murphy Medical Center Inc is located in Murphy, NC. The organization was established in 1994. 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 06/2021, Murphy Medical Center Inc employed 543 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Murphy 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 06/2021, Murphy Medical Center Inc generated $64.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $63.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING MEDICAL CARE TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF ERLANGER WESTERN CAROLINA HOSPITAL, INC. IS TO ENSURE QUALITY HEALTHCARE TO THE RESIDENTS OF MURPHY, NC AND SURROUNDING COMMUNITIES. DURING FISCAL YEAR 6/30/21, THE ORGANIZATION PROVIDED 4,810 INPATIENT DAYS, 25,797 OUTPATIENT VISITS, 14,753 URGENT CARE CENTER VISITS, AND RESPONDED TO 13,407 EMERGENCY ROOM VISITS, AND 41,858 OTHER PHYSICIAN PRACTICES (EXCLUDING URGENT CARE).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Davis MD Orthopedic Surgeon | 40 | $978,276 | |
Jeffrey Martin MD Urologist | 40 | $821,979 | |
Michael Nerney MD General Surgeon | 40 | $753,794 | |
Thomas Clayton MD Family Medicine Physician | 40 | $587,149 | |
Stephen Purvis DO Orthopedic Surgeon | 40 | $517,820 | |
Stephanie Boynton CEO | Officer | 40 | $225,965 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Locumtenenscom Llc Physician Services | 6/29/21 | $205,423 |
Laboratory Corp Of America Holdings Lab Fees | 6/29/21 | $319,068 |
Murphy Emergency Physicians Pllc Physician Services | 6/29/21 | $651,745 |
The Johnson Group Marketing Fees | 6/29/21 | $154,191 |
Mdp Management Llc Physician Services | 6/29/21 | $411,202 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $680,682 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $680,682 |
| Total Program Service Revenue | $62,689,487 |
| Investment income | $326,923 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $308,099 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20,290 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,166,797 |
| 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. | $488,784 |
| Compensation of current officers, directors, key employees. | $241,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,920,420 |
| Pension plan accruals and contributions | $744,729 |
| Other employee benefits | $2,557,707 |
| Payroll taxes | $1,626,148 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,274 |
| Fees for services: Accounting | $19,514 |
| Fees for services: Lobbying | $4,186 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,241 |
| Fees for services: Other | $7,384,505 |
| Advertising and promotion | $131,381 |
| Office expenses | $200,211 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $667,917 |
| Travel | $68,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | -$724 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $957,237 |
| Insurance | $324,787 |
| All other expenses | $1,348,521 |
| Total functional expenses | $63,838,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,500,888 |
| Savings and temporary cash investments | $31,586,258 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,305,002 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,372,260 |
| Prepaid expenses and deferred charges | $436,405 |
| Net Land, buildings, and equipment | $4,473,198 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $513,239 |
| Total assets | $53,187,250 |
| Accounts payable and accrued expenses | $6,895,176 |
| Grants payable | $0 |
| Deferred revenue | $6,335,235 |
| 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 | $22,830,032 |
| Total liabilities | $36,060,443 |
| Net assets without donor restrictions | $17,116,468 |
| Net assets with donor restrictions | $10,339 |
| 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 | $53,187,250 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Murphy Medical Center Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: PROMOTING QUALITY HEALTH | $50,000 |
Nantahala Health Foundation Franklin, NC PURPOSE: Needs Immediately Met | $10,000 |
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 |
Lexington Medical Center Lexington, NC | $126,269,827 | $125,126,706 |
Bon Secours-Richmond Community Hospital Richmond, VA | $200,107,508 | $168,768,277 |
Uva Culpeper Medical Center Culpeper, VA | $139,556,597 | $116,029,117 |
Crisp Regional Hospital Inc Cordele, GA | $164,464,771 | $118,380,453 |
Morristown Hamblen Hosp Knoxville, TN | $71,835,132 | $127,114,372 |
Upson County Hospital Inc Thomaston, GA | $251,563,523 | $131,936,777 |
Novant Health Thomasville Medical Center Llc Winston Salem, NC | $97,078,773 | $115,006,947 |
Meadows Regional Medical Center Inc Vidalia, GA | $156,126,750 | $94,571,212 |