Madison County Hospital Health Systems Inc
- Assets
- $21.2m
- Revenue
- $16.3m
- Investments
- $0.0
- Employees
- 209
- Location
- Madison, FL
- Founding
- 12/1983
- Data as of
- 09/2021
- EIN
- 59-2319288
Organization Overview
Madison County Hospital Health Systems Inc, operating under the name Madison County Memorial Hospital, is located in Madison, FL. The organization was established in 1983. 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 09/2021, Madison County Memorial Hospital employed 209 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison County Memorial 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 09/2021, Madison County Memorial Hospital generated $16.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $13.9m during the year ending 09/2021. While expenses have increased by 4.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY HEALTHCARE SERVICES TO THE COMMUNITY WHICH IT SERVES. THESE SERVICES INCLUDE ACUTE GENERAL INPATIENT AND OUTPATIENT CARE, SWING BED, ENDOSCOPY, PHYSICAL THERAPY AND OTHER RELATED SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOSPITAL IS A 25-BED CRITICAL ACCESS FACILITY LICENSED BY THE STATE OF FLORIDA THROUGH THE AGENCY FOR HEALTHCARE ADMINISTRATION. THE HOSPITAL OFFERS SERVICES SUCH AS ROUTINE RADIOLOGY, ENDOSCOPY, MAMMOGRAPHY, ULTRASOUND, LABORATORY, RESPIRATORY THERAPY, 24 HOUR EMERGENCY ROOM, SWING BED SERVICES, OUTPATIENT REHABILITATION, AND AN ACUTE CARE SETTING FOR PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Padrta MD Physician | 40 | $206,117 | |
Lucilla Strickland Nurse Practi | 40 | $197,533 | |
Daniel Perkins MD Physician | 40 | $189,732 | |
Tammy Stevens CEO | Officer | 40 | $165,418 |
Patrick Mcgee CFO | Officer | 40 | $94,620 |
Cynthia Coulter Cno | Officer | 40 | $75,064 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cms Imaging Inc Radiology | 9/29/21 | $456,681 |
Southland Emergency Med Svcs Er Physicians | 9/29/21 | $276,000 |
Madison Radiology Services Pa Radiologist | 9/29/21 | $227,728 |
Cpsihealthland Software Maint | 9/29/21 | $172,101 |
Virtual World Technologies Software Maint | 9/29/21 | $137,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,949,359 |
| 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 | $5,949,359 |
| Total Program Service Revenue | $10,131,797 |
| Investment income | $22,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,667 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,268,101 |
| 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. | $430,768 |
| Compensation of current officers, directors, key employees. | $430,768 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,155,773 |
| Pension plan accruals and contributions | $16,087 |
| Other employee benefits | $293,680 |
| Payroll taxes | $480,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,326 |
| Fees for services: Accounting | $108,273 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,210,038 |
| Advertising and promotion | $5,290 |
| Office expenses | $789,726 |
| Information technology | $320,609 |
| Royalties | $0 |
| Occupancy | $1,217,699 |
| Travel | $30,748 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,754 |
| Interest | $8,442 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,351,993 |
| Insurance | $54,345 |
| All other expenses | $25,997 |
| Total functional expenses | $13,892,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,633 |
| Savings and temporary cash investments | $4,813,980 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,234,224 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $442,743 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $14,054,687 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $677,128 |
| Total assets | $21,232,395 |
| Accounts payable and accrued expenses | $1,446,420 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $21,074,477 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $50,555 |
| Unsecured mortgages and notes payable | $218,586 |
| Other liabilities | $0 |
| Total liabilities | $22,790,038 |
| Net assets without donor restrictions | -$2,512,562 |
| Net assets with donor restrictions | $954,919 |
| 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 | $21,232,395 |
Endowment Analysis
| Beg. Balance | $826,471 |
| Earnings | $1,620 |
| Net Contributions | $1,290,128 |
| Other Expense | $1,163,300 |
| Ending Balance | $954,919 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stephens County Hospital Authority Toccoa, GA | $31,750,136 | $50,289,631 |
Bacon County Health Services Inc Alma, GA | $58,017,559 | $55,115,427 |
Donalsonville Hospital Inc Donalsonville, GA | $42,317,264 | $44,552,738 |
Taylor Regional Hospital Hawkinsville, GA | $27,030,419 | $40,495,793 |
Good Samaritan Hospital Inc Greensboro, GA | $59,786,458 | $36,297,937 |
Chatuge Regional Hospital Inc Hiawassee, GA | $18,176,211 | $37,180,775 |
Fishermens Health Inc Marathon, FL | $36,340,894 | $29,680,090 |
Baker County Medical Services Inc Macclenny, FL | $43,060,539 | $33,154,487 |
Russellville Hospital Inc Russellville, AL | $10,029,714 | $26,432,970 |
University Mcduffie County Regional Medical Center Inc Augusta, GA | $54,263,219 | $30,087,839 |
Richmond County Hospital Authority University Hospital Augusta, GA | $132,466,989 | $24,276,028 |
Escambia County Alabama Community Hospitals Inc Atmore, AL | $12,708,319 | $26,804,121 |