Phoebe Putney Health Systems Inc
- Assets
- $661.2m
- Revenue
- $76.7m
- Investments
- $2.1m
- Employees
- 286
- Location
- Albany, GA
- Founding
- 07/1992
- Data as of
- 07/2023
- EIN
- 58-2001014
Organization Overview
Phoebe Putney Health Systems Inc is located in Albany, 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 07/2023, Phoebe Putney Health Systems Inc employed 286 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoebe Putney Health Systems 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 07/2023, Phoebe Putney Health Systems Inc generated $76.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $40.7m during the year ending 07/2023. While expenses have increased by 9.8% 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.
Since 2016, Phoebe Putney Health Systems Inc has awarded 35 individual grants totaling $1,632,877. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE EMPOWER EVERY MEMBER OF THE PHOEBE FAMILY TO SAFEGUARD THE HEALTH OF OUR COMMUNITIES - EMBRACING A CULTURE THAT DELIVERS GREAT PATIENT EXPERIENCES,INNOVATIVE TREATMENTS, AND ACCESS TO SUPERIOR CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GUIDE THE TAX-EXEMPT ACTIVITIES OF RELATED ORGANIZATIONS; COORDINATE CAPITAL BUDGET AND BORROWINGS; OVERSEE INSURANCE RISK MANAGEMENT; COORDINATE CHARITY CARE, PERSONNEL POLICIES, AND COMMUNITY SERVICE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Steiner Bd Mbr/pphs | OfficerTrustee | 25 | $1,185,685 |
Lamar H Moree MD Board Member | Trustee | 1 | $0 |
Joe Austin Ppmh CEO | 0 | $1,097,950 | |
Brian Church Pphs Cfo/cao | Officer | 25 | $843,332 |
Suresh Lakhanpal MD SVP Phys Svc | Officer | 50 | $771,755 |
Dianna Grant Pphs Cmo | Officer | 40 | $639,262 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Drew Eckl & Farnham Llp Legal Svcs | 7/30/23 | $857,890 |
Watson Spence Llp Legal | 7/30/23 | $1,205,242 |
Hall Booth Smith Pc Legal | 7/30/23 | $501,514 |
Tailfin Marketing Llc Mrkting Consult | 7/30/23 | $412,060 |
Rudish Health Solutions Llc Hr Services | 7/30/23 | $350,890 |
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 | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $41,347,891 |
| Investment income | $5,402,173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,771,889 |
| Net Gain/Loss on Asset Sales | $27,001,657 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,679,947 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $401,131 |
| Grants and other assistance to domestic individuals. | $31,789 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,877,378 |
| Compensation of current officers, directors, key employees. | $1,592,237 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,765,518 |
| Pension plan accruals and contributions | $496,086 |
| Other employee benefits | $40,308 |
| Payroll taxes | $1,261,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $995,193 |
| Fees for services: Accounting | $128,836 |
| Fees for services: Lobbying | $315,362 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $991,414 |
| Fees for services: Other | $3,090,242 |
| Advertising and promotion | $1,166,639 |
| Office expenses | $178,581 |
| Information technology | $1,001,322 |
| Royalties | $0 |
| Occupancy | $454,055 |
| Travel | $374,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,121 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,665,680 |
| Insurance | $3,582,769 |
| All other expenses | -$123,029 |
| Total functional expenses | $40,675,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,412,507 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,481,317 |
| Net Land, buildings, and equipment | $44,355,890 |
| Investments—publicly traded securities | $499,961,425 |
| Investments—other securities | $2,121,632 |
| Investments—program-related | $0 |
| Intangible assets | $4,330,000 |
| Other assets | $103,532,465 |
| Total assets | $661,195,236 |
| Accounts payable and accrued expenses | $10,364,277 |
| 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 | $20,355 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,384,632 |
| Net assets without donor restrictions | $650,810,604 |
| 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 | $661,195,236 |
Grants Awarded
Over the last fiscal year, Phoebe Putney Health Systems Inc has awarded $323,750 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGIA SOUTHWESTERN FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
ALBANY AREA CHAMBER OF COMMERCE PURPOSE: GENERAL SUPPORT | $7,000 |
DOUGHERTY COUNTY SCHOOL SYSTEM PURPOSE: GENERAL SUPPORT | $6,600 |
DEERFIELD WINDSOR SCHOOL PURPOSE: GENERAL SUPPORT | $8,500 |
ALBANY TECHNICAL COLLEGE PURPOSE: GENERAL SUPPORT | $18,000 |
AMERICAN CANCER SOCIETY SE REGION PURPOSE: GENERAL SUPPORT | $23,000 |