Piedmont Newton Hospital Inc
- Assets
- $82.5m
- Revenue
- $175.6m
- Investments
- $0.0
- Employees
- 897
- Location
- Covington, GA
- Founding
- 04/1995
- Data as of
- 06/2022
- EIN
- 58-2155150
Organization Overview
Piedmont Newton Hospital Inc is located in Covington, GA. The organization was established in 1995. 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 Newton Hospital Inc employed 897 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont Newton 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 06/2022, Piedmont Newton Hospital Inc generated $175.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $167.3m during the year ending 06/2022. While expenses have increased by 6.7% 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
990
Mission & Program ActivityExcerpts From the 990 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:
Part 3 - Line 4a
PIEDMONT NEWTON HOSPITAL ("PNTH") IS A 103-BED, NON-PROFIT HOSPITAL LOCATED IN THE CITY OF COVINGTON IN NEWTON COUNTY, GEORGIA. OVER 475 PRIMARY CARE AND SPECIALTY PHYSICIANS COMPRISE THE MEDICAL STAFF AND MEET THE PROFESSIONAL CLINICAL NEEDS OF CHILDREN, ADULTS, AND SENIORS WITHIN NEWTON COUNTY 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 5,663 IN-PATIENT ADMISSIONS WITH A TOTAL OF 28,001 DAYS OF IN-PATIENT HOSPITALIZATION. ER VISITS TOTALED 42,359 AND OUTPATIENT VISITS TOTALED 50,927. SURGICAL SERVICES WERE PROVIDED TO 3,460 PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Leigh Hamby Board Member | Trustee | 1 | $0 |
Mr Thomas Arnold Treasurer/cfo Phc | Officer | 1 | $0 |
Mr Michael Burnett Board Member | Trustee | 1 | $0 |
Ms Elizabeth Leddy Secretary/clo Phc | Officer | 1 | $0 |
Mr Michael Mcander Former Treasurer/cfo Phc | 0 | $0 | |
Mr David Kent CEO & Board Member | OfficerTrustee | 55 | $490,966 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Llc Nursing Services | 6/29/22 | $3,187,418 |
Aya Healthcare Inc Staffing Services | 6/29/22 | $1,021,502 |
Sentry Anesthesia Management Anaesthesiology | 6/29/22 | $622,357 |
Riverside Anesthesia Associates Pc Anaesthesiology | 6/29/22 | $511,640 |
Size Wise Rentals Medical Equip Rental | 6/29/22 | $286,376 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,234,437 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,249,437 |
| Total Program Service Revenue | $173,249,470 |
| Investment income | $1,191 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $663,838 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $59,446 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $175,594,483 |
| 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. | $1,154,953 |
| Compensation of current officers, directors, key employees. | $877,397 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,916,601 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,689,907 |
| Payroll taxes | $2,815,857 |
| Fees for services: Management | $101,080 |
| Fees for services: Legal | $93,415 |
| 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 | $20,719,437 |
| Advertising and promotion | $61,282 |
| Office expenses | $9,138,519 |
| Information technology | $2,282,945 |
| Royalties | $0 |
| Occupancy | $1,870,868 |
| Travel | $1,167 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,372,479 |
| Payments to affiliates | $3,368,222 |
| Depreciation, depletion, and amortization | $3,600,991 |
| Insurance | $1,136,725 |
| All other expenses | $0 |
| Total functional expenses | $167,321,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,687 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,788,782 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,172,443 |
| Prepaid expenses and deferred charges | $193,983 |
| Net Land, buildings, and equipment | $38,396,594 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,761,457 |
| Total assets | $82,512,946 |
| Accounts payable and accrued expenses | $11,734,802 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $4,614,731 |
| 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 | $28,407,418 |
| Total liabilities | $44,756,951 |
| Net assets without donor restrictions | $35,271,657 |
| Net assets with donor restrictions | $2,484,338 |
| 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 | $82,512,946 |