Memorial Hospital Inc
- Assets
- $55.0m
- Revenue
- $74.5m
- Investments
- $0.0
- Employees
- 675
- Location
- Manchester, KY
- Founding
- 10/1969
- Data as of
- 12/2022
- EIN
- 61-0594620
Organization Overview
Memorial Hospital Inc, operating under the name AdventHealth Manchester, is located in Manchester, KY. The organization was established in 1969. 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 12/2022, AdventHealth Manchester employed 675 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. AdventHealth Manchester 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, AdventHealth Manchester generated $74.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $80.8m during the year ending 12/2022. While expenses have increased by 4.8% 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 2014, AdventHealth Manchester has awarded 24 individual grants totaling $1,242,573. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PROVISION OF MEDICAL CARE TO THE COMMUNITY THROUGH THE OPERATION OF A 49 BED HOSPITAL.
Describe the Organization's Program Activity:
OPERATION OF ACUTE CARE HOSPITAL TOTALING 49 BEDS WITH 1,482 PATIENT ADMISSIONS, 7,632 PATIENT DAYS, 61,854 OUTPATIENT VISITS, AND 141,443 PHYSICIAN CLINIC PATIENT VISITS IN THE CURRENT YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johnson Sandra Chairperson (beg. 9/22) | Trustee | 0.1 | $0 |
Murrill Michael Chairperson (end 7/22)/dir./reg. CEO | Trustee | 7.5 | $0 |
Randolph Karsten Charperson (interim)/cfo Multi-State Div | OfficerTrustee | 0.1 | $0 |
Wilkens MD Gregory Director/ Physician | Trustee | 69.1 | $697,903 |
Selfchristopher Former Coo/ceo | 0 | $0 | |
Maxey MD Jackie Family Practice Physician | 40 | $681,518 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sweet Dreams Anesthesia Crna Services | 12/30/22 | $983,876 |
Roche Diagnostics Corporation Lab Services | 12/30/22 | $789,222 |
Ge Precision Healthcare Llc Biomedical/engineering Services & Mainte | 12/30/22 | $472,403 |
Southeastern Emergency Physicians Llc Physician Services | 12/30/22 | $462,551 |
L4 Security & Consulting Group Llc Security Services | 12/30/22 | $295,112 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $927,940 |
| 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 | $927,940 |
| Total Program Service Revenue | $73,531,759 |
| Investment income | $130,624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$81,172 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,509,151 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $181,981 |
| 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. | $2,997,723 |
| Compensation of current officers, directors, key employees. | $1,317,314 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,308,633 |
| Pension plan accruals and contributions | $1,018,488 |
| Other employee benefits | $7,839,308 |
| Payroll taxes | $2,281,182 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,317 |
| Fees for services: Accounting | $15,483 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,895 |
| Fees for services: Other | $11,248,055 |
| Advertising and promotion | $462,704 |
| Office expenses | $2,367,673 |
| Information technology | $3,917,262 |
| Royalties | $0 |
| Occupancy | $2,081,704 |
| Travel | $195,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $189,560 |
| Interest | $340,290 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,920,764 |
| Insurance | $1,905,991 |
| All other expenses | $61,860 |
| Total functional expenses | $80,763,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,780 |
| Savings and temporary cash investments | $148,029 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,000,532 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $51 |
| Inventories for sale or use | $868,696 |
| Prepaid expenses and deferred charges | $1,723,117 |
| Net Land, buildings, and equipment | $42,969,698 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,248,608 |
| Total assets | $54,963,511 |
| Accounts payable and accrued expenses | $6,609,044 |
| Grants payable | $0 |
| Deferred revenue | $56,508 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,823,813 |
| Total liabilities | $42,489,365 |
| Net assets without donor restrictions | $12,222,646 |
| Net assets with donor restrictions | $251,500 |
| 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 | $54,963,511 |
Grants Awarded
Over the last fiscal year, Memorial Hospital Inc has awarded $169,249 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CLAY COUNTY BOARD OF EDUCATION PURPOSE: General Support | $13,850 |
MANCHESTER SEVENTH-DAY ADVENTIST CHURCH PURPOSE: General Support | $26,731 |
ADVENTHEALTH FOUNDATION INC DBA ADVENTHEALTH MANCHESTER FOUNDATION PURPOSE: Provision of General Administrative Support | $128,668 |