Piedmont Healthcare Inc
- Assets
- $2.3b
- Revenue
- $1.3b
- Investments
- $8.2m
- Employees
- 4,930
- Location
- Atlanta, GA
- Founding
- 11/1940
- Data as of
- 06/2022
- EIN
- 58-0566213
Organization Overview
Piedmont Healthcare Inc is located in Atlanta, GA. The organization was established in 1940. 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, Piedmont Healthcare Inc employed 4,930 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont Healthcare 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, Piedmont Healthcare Inc generated $1.3b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.3b during the year ending 06/2022. While expenses have increased by 5.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPASSIONATE AND SUSTAINABLE HEALTHCARE IN A PROGRESSIVE ENVIRONMENT.
Describe the Organization's Program Activity:
PIEDMONT HOSPITAL ("PH") IS A 643-BED FACILITY THAT HAS BEEN SERVING THE CITY OF ATLANTA IN FULTON COUNTY, GEORGIA, FOR MORE THAN A CENTURY. OVER 1,000 PRIMARY CARE AND SPECIALTY PHYSICIANS ON THE MEDICAL STAFF MEET THE PROFESSIONAL CLINICAL NEEDS OF CHILDREN, ADULTS, AND SENIORS WITHIN THE CITY AND THE GREATER METROPOLITAN ATLANTA MARKET, REGARDLESS OF ANY INDIVIDUAL'S ABILITY TO PAY FOR SERVICES. FOR THE YEAR ENDED JUNE 30, 2022, THE HOSPITAL HAD 26,897 IN-PATIENT ADMISSIONS WITH A TOTAL OF 154,757 DAYS OF IN-PATIENT HOSPITALIZATION. ER VISITS TOTALED 60,617 AND OUTPATIENT VISITS TOTALED 310,627. SURGICAL SERVICES WERE PROVIDED TO 23,394 PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Kevin Brown Board Member & CEO Phc | Trustee | 1 | $0 |
Dr Patrick Battey CEO & Board Member | OfficerTrustee | 53 | $1,352,653 |
Mr Thomas Arnold Treasuer/cfo Phc | Officer | 1 | $0 |
Ms Elizabeth Leddy Secretary/clo Phc | Officer | 1 | $0 |
Mr Michael Mcander Former Treasurer/cfo Phc | 0 | $0 | |
Mr Andy Jaffal Chief Perfusionist | 40 | $361,605 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brasfield And Gorrie Llc Construction | 6/29/22 | $40,518,480 |
Medical Solutions Llc Nursing Staffing | 6/29/22 | $38,418,465 |
Aya Healthcare Inc Nursing Staffing | 6/29/22 | $2,484,371 |
Idoc Telehealth Solutions Telehealth Services | 6/29/22 | $2,059,110 |
Quest Diagnostics Nichols Institute Lab Services | 6/29/22 | $1,866,186 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,564,816 |
| All other contributions, gifts, grants, and similar amounts not included above | $646,375 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,211,191 |
| Total Program Service Revenue | $1,294,982,717 |
| Investment income | $2,598,113 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,247,351 |
| Net Gain/Loss on Asset Sales | -$213,418 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,326,985,644 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| 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. | $2,299,205 |
| Compensation of current officers, directors, key employees. | $133,124 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $288,291,365 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,250,912 |
| Payroll taxes | $19,356,240 |
| Fees for services: Management | $553,214 |
| Fees for services: Legal | $98,081 |
| Fees for services: Accounting | $4,612 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $165,592,521 |
| Advertising and promotion | $122,745 |
| Office expenses | $54,307,289 |
| Information technology | $19,154,456 |
| Royalties | $0 |
| Occupancy | $23,719,269 |
| Travel | $127,358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,580,304 |
| Payments to affiliates | $31,381,971 |
| Depreciation, depletion, and amortization | $68,265,962 |
| Insurance | $7,982,175 |
| All other expenses | $19,442,728 |
| Total functional expenses | $1,256,366,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,342,770 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,449,797 |
| Accounts receivable, net | $389,047,307 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,397,039 |
| Prepaid expenses and deferred charges | $4,490,919 |
| Net Land, buildings, and equipment | $763,766,475 |
| Investments—publicly traded securities | $991,244,441 |
| Investments—other securities | $8,234,272 |
| Investments—program-related | $0 |
| Intangible assets | $22,156,837 |
| Other assets | $15,569,701 |
| Total assets | $2,260,699,558 |
| Accounts payable and accrued expenses | $110,174,358 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $659,453,930 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $35,370,378 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $382,844,237 |
| Total liabilities | $1,187,842,903 |
| Net assets without donor restrictions | $1,010,298,810 |
| Net assets with donor restrictions | $62,557,845 |
| 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 | $2,260,699,558 |
Grants Awarded
Over the last fiscal year, Piedmont Healthcare Inc has awarded $107,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR BLACK WOMEN'S WELLNESS PURPOSE: CMTY BENEFIT | $15,000 |
COVENANT HOUSE GEORGIA PURPOSE: CMTY BENEFIT | $15,000 |
GOOD SAMARITAN HEALTH CENTER PURPOSE: CMTY BENEFIT | $15,000 |
MERCY CARE FOUNDATION PURPOSE: CMTY BENEFIT | $15,000 |
ODYSSEY FAMILY COUNSELING PURPOSE: CMTY BENEFIT | $15,000 |
CULTIVATE UNION PURPOSE: CMTY BENEFIT | $15,000 |