Floyd Healthcare Management Inc
- Assets
- $718.8m
- Revenue
- $689.4m
- Investments
- $0.0
- Employees
- 4,266
- Location
- Rome, GA
- Founding
- 09/1992
- Data as of
- 12/2022
- EIN
- 58-1973570
Organization Overview
Floyd Healthcare Management Inc is located in Rome, GA. The organization was established in 1992. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2022, Floyd Healthcare Management Inc employed 4,266 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Floyd Healthcare Management 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 12/2022, Floyd Healthcare Management Inc generated $689.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $675.9m during the year ending 12/2022. While expenses have increased by 8.2% per year over the past 8 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 IMPROVE HEALTH, ELEVATE HOPE AND ADVANCE HEALING - FOR ALL.
Describe the Organization's Program Activity:
SEE SCHEDULE O
ATRIUM HEALTH FLOYD CHEROKEE MEDICAL CENTER (AHFCMC) IS A 60-BED, ACUTE CARE HOSPITAL LOCATED IN CENTRE, ALABAMA. AHFCMC ALSO OPERATES THREE RURAL HEALTH CLINICS LOCATED IN CENTRE AND PIEDMONT, ALABAMA. THE HOSPITAL PROVIDES EMERGENCY CARE, IMAGING, DRUG AND ALCOHOL TREATMENT, LAB WORK, PHARMACY, RESPIRATORY CARE, AND SURGICAL SERVICES.AHFCMC IS OPERATED BY FLOYD CHEROKEE MEDICAL CENTER, LLC (FCMC), AN ALABAMA LIMITED LIABILITY CORPORATION WHOSE SOLE MEMBER IS THE FILING ORGANIZATION.DURING 2022, AHFCMC HAD APPROXIMATELY 4,500 PATIENT DAYS AND OVER 8,400 EMERGENCY ROOM VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Stuenkel Ex-Ofco Director, Pres/sec/ceo | OfficerTrustee | 36 | $0 |
Kay Chumbler Vice Chair | OfficerTrustee | 1 | $5,825 |
Carl Herring MD Chair | OfficerTrustee | 1 | $5,300 |
Robert Holcombe Jr MD Director | Trustee | 40 | $308,617 |
James Collins Jr MD Director | Trustee | 40 | $161,357 |
George Bosworth MD Director | Trustee | 1 | $2,875 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harbin Clinic Contract Labor | 12/30/22 | $5,430,089 |
Healthcare Workforce Logistics Llc Contract Labor | 12/30/22 | $24,142,102 |
Aramark Services Inc Facilities Services | 12/30/22 | $4,789,597 |
Brasfield And Gorrie Llc Construction Contract Services | 12/30/22 | $7,036,732 |
In Compass Health Inc Medical Services | 12/30/22 | $8,937,698 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $433,090 |
| Government grants | $5,622,665 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,075,755 |
| Total Program Service Revenue | $679,109,910 |
| Investment income | $2,676,518 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $193,306 |
| Net Gain/Loss on Asset Sales | $531,506 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $689,398,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $78,569 |
| Grants and other assistance to domestic individuals. | $297,055 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,931,014 |
| Compensation of current officers, directors, key employees. | $1,465,507 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $241,349,751 |
| Pension plan accruals and contributions | $6,191,171 |
| Other employee benefits | $45,600,740 |
| Payroll taxes | $15,870,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,461,471 |
| Fees for services: Accounting | $537,950 |
| Fees for services: Lobbying | $119,188 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $675,854 |
| Fees for services: Other | $56,503,538 |
| Advertising and promotion | $557,973 |
| Office expenses | $4,260,469 |
| Information technology | $2,221,442 |
| Royalties | $0 |
| Occupancy | $37,243,537 |
| Travel | $607,379 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $230,742 |
| Interest | $7,498,592 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,486,905 |
| Insurance | $4,397,983 |
| All other expenses | $362,773 |
| Total functional expenses | $675,916,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,977,328 |
| Savings and temporary cash investments | $58,098,664 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $114,456,979 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $403,494 |
| Inventories for sale or use | $20,658,242 |
| Prepaid expenses and deferred charges | $5,910,738 |
| Net Land, buildings, and equipment | $255,508,362 |
| Investments—publicly traded securities | $62,716,675 |
| Investments—other securities | $0 |
| Investments—program-related | $59,953 |
| Intangible assets | $0 |
| Other assets | $31,980,638 |
| Total assets | $718,771,073 |
| Accounts payable and accrued expenses | $52,616,123 |
| Grants payable | $546,064 |
| Deferred revenue | $80,125 |
| 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 | $173,629,353 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $64,433,602 |
| Total liabilities | $291,305,267 |
| Net assets without donor restrictions | $427,115,806 |
| Net assets with donor restrictions | $350,000 |
| 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 | $718,771,073 |