Cobb Hospital
- Assets
- $403.7m
- Revenue
- $857.0m
- Investments
- $0.0
- Employees
- 3,419
- Location
- Marietta, GA
- Founding
- 05/1986
- Data as of
- 06/2021
- EIN
- 58-0968382
Organization Overview
Cobb Hospital, operating under the name Wellstar Cobb Hospital, is located in Marietta, GA. The organization was established in 1986. 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, Wellstar Cobb Hospital employed 3,419 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellstar Cobb Hospital 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, Wellstar Cobb Hospital generated $857.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $661.7m during the year ending 06/2021. While expenses have increased by 11.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Andrews SVP & Hospital President | Officer | 48 | $570,824 |
Seshadri Chakravarthi Exec Dir Md Physician Advisor | 50 | $412,753 | |
Jody M Hughes VP Medical Affairs | Officer | 50 | $331,828 |
Heath A King VP Finance & Hospital CFO | Officer | 50 | $310,890 |
Kristen Bowman VP Operations & COO | Officer | 50 | $292,217 |
Darlene Sweet Executive Director Nursing | 50 | $262,022 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Martin General Contracting Inc General Contracting | 6/29/15 | $1,827,034 |
Inglett And Stubbs Llc General Contractor | 6/29/15 | $1,075,440 |
Fresenius Medical Care Dba Rcc Mari Medical Services | 6/29/15 | $974,300 |
Brasfield And Gorrie General Contracting | 6/29/15 | $2,768,784 |
Quest Diagnostics Medical Services | 6/29/15 | $1,064,928 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,025,394 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,025,394 |
| Total Program Service Revenue | $762,186,380 |
| Investment income | -$474,738 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,331,749 |
| Net Gain/Loss on Asset Sales | $286,823 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $857,038,951 |
| 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. | $2,234,059 |
| Compensation of current officers, directors, key employees. | $446,812 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,584,947 |
| Pension plan accruals and contributions | $2,599,505 |
| Other employee benefits | $46,576,372 |
| Payroll taxes | $12,019,319 |
| Fees for services: Management | $7,489,076 |
| Fees for services: Legal | $47,542 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,995,040 |
| Advertising and promotion | $24,026 |
| Office expenses | $2,486,983 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,363,970 |
| Travel | $844,447 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,526,487 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,410,496 |
| Insurance | $4,349,482 |
| All other expenses | $6,589,848 |
| Total functional expenses | $661,734,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,653 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,074,048 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,977,252 |
| Prepaid expenses and deferred charges | $7,934,623 |
| Net Land, buildings, and equipment | $226,943,947 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,708,529 |
| Total assets | $403,732,052 |
| Accounts payable and accrued expenses | $74,297,710 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $150,713,584 |
| Total liabilities | $225,011,294 |
| Net assets without donor restrictions | $178,720,758 |
| 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 | $403,732,052 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Health Of The Carolinas Inc Pinehurst, NC | $1,544,188,654 | $986,400,718 |
University Community Hospital Inc Tampa, FL | $1,235,213,568 | $915,701,443 |
Morton Plant Hospital Association Inc Clearwater, FL | $1,389,589,934 | $934,836,650 |
Mount Sinai Medical Center Of Florida Inc Miami Beach, FL | $992,427,664 | $901,856,611 |
Shands Jacksonville Medical Center Inc Jacksonville, FL | $750,537,278 | $894,366,475 |
Lakeland Regional Medical Center Inc Lakeland, FL | $799,528,886 | $860,757,084 |
Tallahassee Memorial Healthcare Inc Tallahassee, FL | $1,130,180,703 | $783,859,263 |
Mountain States Health Alliance Johnson City, TN | $556,120,495 | $805,201,599 |
Baptist Hospital Inc Pensacola, FL | $1,048,797,666 | $758,112,762 |
Baptist Memorial Hospital Memphis, TN | $691,981,947 | $770,663,628 |
Medical Center Of Central Georgia Inc Macon, GA | $1,397,526,718 | $800,413,800 |
Mcleod Regional Medical Center Of The Pee Dee Inc Florence, SC | $2,090,467,381 | $796,571,278 |