Phoebe Putney Memorial Hospital Inc
- Assets
- $729.9m
- Revenue
- $712.3m
- Investments
- $0.0
- Employees
- 3,671
- Location
- Albany, GA
- Founding
- 05/1991
- Data as of
- 07/2021
- EIN
- 58-1928247
Organization Overview
Phoebe Putney Memorial Hospital Inc is located in Albany, GA. The organization was established in 1991. 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 07/2021, Phoebe Putney Memorial Hospital Inc employed 3,671 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoebe Putney Memorial Hospital 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 07/2021, Phoebe Putney Memorial Hospital Inc generated $712.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $669.5m during the year ending 07/2021. While expenses have increased by 4.1% 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.
Since 2015, Phoebe Putney Memorial Hospital Inc has awarded 48 individual grants totaling $4,843,079. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER SUPERIOR HEALTH CARE SERVICES THAT IMPROVES THE HEALTH AND WELLNESS OF THE PEOPLE AND COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
PHOEBE PUTNEY MEMORIAL HOSPITAL IS A NOT-FOR-PROFIT HOSPITAL WITH 691 LICENSED BEDS AND HAD PATIENT DAYS OF 109,500 IN THE CURRENT YEAR. INTENSIVE CARE, NEONATAL INTENSIVE CARE, NURSERY, REHAB, AND PSYCHIATRY SERVICES ARE INCLUDED IN THE SERVICES PROVIDED. THE HOSPITAL ALSO OPERATES A HOME HEALTH AGENCY AND A 12 BED HOSPICE. OTHER: 18,473 INPATIENT ADMISSIONS, 1,990 BIRTHS, 59,442 EMERGENCY VISITS, AND 810,400 CLINIC VISITS. SEE SCHEDULE H, PART VI, ADDITIONAL INFORMATION, WHICH INCLUDES DETAILED DISCUSSIONS ON ALL CHARITABLE AND COMMUNITY ACTIVITIES OF THE HOSPITAL. AS A RESULT OF THE COVID PANDEMIC, PPMH RECORDED THE VALUE OF DONATED SERVICES IN THE AMOUNT OF 31,770,780, AMOUNTS WHICH ARE NOT RECOGNIZED IN THE STATEMENT OF REVENUES OR STATEMENT OF FUNCTIONAL EXPENSES FOR TAX PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Black Med Dir - Em | 25 | $438,713 | |
Evelyn M Olenick SVP Cno | Officer | 25 | $424,396 |
William M Sewell III Medical Dire | 50 | $364,320 | |
Jesse Diaz VP Info Syst | 50 | $248,654 | |
Kim Whitley VP Pt Logist | 50 | $206,206 | |
Rodolph Gilmore Pharmacist | 40 | $202,072 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Llc Medical Svcs | 7/30/21 | $34,402,607 |
Radiation Oncology Associates Pc Medical Svcs | 7/30/21 | $2,154,783 |
Page Southerland Page Llp Architects | 7/30/21 | $1,489,308 |
Health Carousel Llc Hlth Staffing | 7/30/21 | $1,560,365 |
Dialysis Clinic Inc Medical Svcs | 7/30/21 | $1,913,693 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,200,040 |
| Government grants | $68,121,538 |
| All other contributions, gifts, grants, and similar amounts not included above | $349,240 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,670,818 |
| Total Program Service Revenue | $611,717,066 |
| Investment income | $534,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,366,717 |
| Net Gain/Loss on Asset Sales | -$273,148 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $31,951 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $712,342,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,138,209 |
| Grants and other assistance to domestic individuals. | $337,163 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $501,763 |
| Compensation of current officers, directors, key employees. | $501,763 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,201,346 |
| Pension plan accruals and contributions | $2,296,017 |
| Other employee benefits | $29,483,344 |
| Payroll taxes | $10,974,788 |
| Fees for services: Management | $3,990,827 |
| Fees for services: Legal | $16,350 |
| Fees for services: Accounting | $290,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $183,451,642 |
| Advertising and promotion | $195,805 |
| Office expenses | $18,409,042 |
| Information technology | $12,231,034 |
| Royalties | $0 |
| Occupancy | $9,348,817 |
| Travel | $742,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,315,963 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,635,084 |
| Insurance | $8,703,312 |
| All other expenses | $1,910,401 |
| Total functional expenses | $669,515,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,585 |
| Savings and temporary cash investments | $167,048,776 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,746,525 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,000,000 |
| Inventories for sale or use | $22,043,829 |
| Prepaid expenses and deferred charges | $10,553,516 |
| Net Land, buildings, and equipment | $300,315,828 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $124,777,806 |
| Other assets | $21,377,953 |
| Total assets | $729,879,818 |
| Accounts payable and accrued expenses | $64,810,764 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $257,058,595 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,953,285 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $153,293,765 |
| Total liabilities | $483,116,409 |
| Net assets without donor restrictions | $237,207,094 |
| Net assets with donor restrictions | $9,556,315 |
| 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 | $729,879,818 |
Grants Awarded
Over the last fiscal year, Phoebe Putney Memorial Hospital Inc has awarded $1,062,513 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Harlan, IA PURPOSE: GENERAL SUPPORT | $240,000 |
HOSPITAL AUTHORITY OF ALBANYDOUGHERTY COUNTY PURPOSE: GENERAL SUPPORT | $200,000 |
Albany, GA PURPOSE: GENERAL SUPPORT | $154,522 |
Albany, GA PURPOSE: GENERAL SUPPORT | $146,250 |
Albany, GA PURPOSE: GENERAL SUPPORT | $100,000 |
Albany, GA PURPOSE: GENERAL SUPPORT | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phoebe Putney Memorial Hospital Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
American Cancer Society Inc Kennesaw, GA PURPOSE: Patient Support | $25,000 |
Endowment Analysis
| Beg. Balance | $13,642,333 |
| Earnings | $2,051 |
| Net Contributions | $2,163,548 |
| Other Expense | $5,859,285 |
| Ending Balance | $9,948,647 |
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 |