Rockcastle County Hospital Inc
- Assets
- $103.4m
- Revenue
- $77.2m
- Investments
- $4.3m
- Employees
- 988
- Location
- Mt Vernon, KY
- Founding
- 04/1956
- Data as of
- 10/2021
- EIN
- 61-0523304
Organization Overview
Rockcastle County Hospital Inc, operating under the name Rockcastle Regional Hospital And Respiratory Care Center, is located in Mt Vernon, KY. The organization was established in 1956. 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 10/2021, Rockcastle Regional Hospital And Respiratory Care Center employed 988 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockcastle Regional Hospital And Respiratory Care Center 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 10/2021, Rockcastle Regional Hospital And Respiratory Care Center generated $77.2m 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 $74.1m during the year ending 10/2021. While expenses have increased by 5.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ROCKCASTLE HOSPITAL IS ORGANIZED TO PROVIDE MEDICAL CARE TO MEMBERS OF ITS COMMUNITY.
Describe the Organization's Program Activity:
THE HOSPITAL PROVIDES HEALTH CARE SERVICES TO MEMBERS OF ITS COMMUNITY. THE HOSPITAL MAINTAINS A POLICY OF ACCEPTING ALL PATIENTS WITHIN ITS PRIMARY SERVICE AREA REGARDLESS OF ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen B Saylor MD Physician | 40 | $584,616 | |
David S Bullock MD Physician | 40 | $584,616 | |
Michael Kevin Rowe MD Physician | 40 | $540,000 | |
William Bakhos MD Physician | 40 | $420,192 | |
Stephen A Estes CEO | Officer | 40 | $361,605 |
Justin Williams MD Physician | 40 | $332,692 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dw Wilburn Inc Architects | 10/30/21 | $2,234,338 |
Marshall Emergency Services Assoc Psc Physician Group | 10/30/21 | $700,305 |
Ky Medical Services Foundation Inc Physician Group | 10/30/21 | $353,910 |
Quest Diagnostics Laboratory Tests | 10/30/21 | $245,815 |
Rockcastle Emergency Group Llc Physician Group | 10/30/21 | $198,703 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $731,512 |
| All other contributions, gifts, grants, and similar amounts not included above | $183,615 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $915,127 |
| Total Program Service Revenue | $74,564,768 |
| Investment income | $90,557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $111,573 |
| Net Gain/Loss on Asset Sales | $8,344 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $77,168,291 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $767,995 |
| Compensation of current officers, directors, key employees. | $767,995 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,844,093 |
| Pension plan accruals and contributions | $581,296 |
| Other employee benefits | $2,660,722 |
| Payroll taxes | $2,552,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,561 |
| Fees for services: Accounting | $61,188 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,780,887 |
| Advertising and promotion | $121,472 |
| Office expenses | $413,672 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,066,667 |
| Travel | $59,497 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $793,470 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,709,950 |
| Insurance | $868,083 |
| All other expenses | $1,878,228 |
| Total functional expenses | $74,115,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,593,111 |
| Savings and temporary cash investments | $18,762,948 |
| Pledges and grants receivable | $32,152 |
| Accounts receivable, net | $7,627,975 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,031,943 |
| Inventories for sale or use | $818,489 |
| Prepaid expenses and deferred charges | $342,809 |
| Net Land, buildings, and equipment | $53,559,725 |
| Investments—publicly traded securities | $5,281,040 |
| Investments—other securities | $4,337,348 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,387,540 |
| Accounts payable and accrued expenses | $2,177,747 |
| Grants payable | $0 |
| Deferred revenue | $3,584,954 |
| Tax-exempt bond liabilities | $4,560,727 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $19,428,010 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,050,419 |
| Total liabilities | $30,801,857 |
| Net assets without donor restrictions | $72,086,436 |
| Net assets with donor restrictions | $499,247 |
| 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 | $103,387,540 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rockcastle County Hospital Inc has recieved totaling $29,000.
| Awarding Organization | Amount |
|---|---|
Whas Crusade For Children Inc Louisville, KY PURPOSE: TOTAL AWARD $18,500.00. FULL FUNDING FOR THE BLADDER SCANNER AND REMAINING FUNDING FOR ITEMS 2-8 - BANTAM EASY STAND STANDING FRAME, LECKEY SQUIGGLES PEDIATRIC STANDER, HIPPO PEDIATRIC SCALE, IPAD PRO, SENSORY WRAP SWING, OWLET BABY MONITORS, MISCELLANEOUS PEDIATRIC SUPPLIES. NO FUNDING FOR AMAZON GIFT CARDS. (NOT TO EXCEED AMOUNTS REQUESTED FOR EACH LINE ITEM.) | $18,500 |
The Lexington Cancer Foundation Inc Lexington, KY PURPOSE: ROCKCASTLE REGIONAL'S HOPE FUND FOR PROVIDING CASH, GAS CARDS, AND IN-KIND ASSISTANCE FOR PATIENTS AT RISK OF DISCONTINUING OR DELAYING CANCER TREATMENTS. | $10,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Marys Hospital Ozaukee Inc St Louis, MO | $0 | $119,639,290 |
Maryview Hospital Llc Suffolk, VA | $0 | $126,392,609 |
Leconte Medical Center Knoxville, TN | $91,240,969 | $144,185,798 |
Norton - Kings Daughters Health Inc Madison, IN | $327,672,291 | $141,257,726 |
Wood County Hospital Assn Bowling Green, OH | $236,887,243 | $125,669,234 |
Margaret Mary Community Hospital Inc Batesville, IN | $200,618,179 | $130,077,852 |
Davis Memorial Hospital Elkins, WV | $99,450,993 | $120,748,268 |
Gibson Area Hospital Gibson City, IL | $63,536,615 | $119,801,214 |
Shelby County Memorial Hospital Association Inc Sidney, OH | $171,819,264 | $129,965,258 |
Jane Phillips Memorial Medical Center Inc St Louis, MO | $87,499,100 | $121,263,469 |
Bon Secours-Richmond Community Hospital Richmond, VA | $200,107,508 | $168,768,277 |
Holy Cross Hospital Chicago, IL | $142,348,563 | $113,770,792 |