Henderson County Health Care Corporation
- Assets
- $21.6m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 325
- Location
- Henderson, KY
- Founding
- 07/1972
- Data as of
- 06/2022
- EIN
- 61-0840573
Organization Overview
Henderson County Health Care Corporation is located in Henderson, KY. The organization was established in 1972. 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 06/2022, Henderson County Health Care Corporation employed 325 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henderson County Health Care Corporation 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, Henderson County Health Care Corporation generated $14.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $15.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. 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
PROVIDE QUALITY CARE AND SERVICES FOR THE AGED IN THEIR NURSING FACILITY AND APARTMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE NURSING SERVICES AT THEIR 222 BED NURSING FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shari Newton Executive Director | Officer | 40 | $201,207 |
Frank Chamberlain Treasurer | OfficerTrustee | 2.5 | $7,800 |
Tim Williams Chairman | OfficerTrustee | 5 | $6,000 |
John Denton Vice Chairman | OfficerTrustee | 2 | $6,000 |
Eric Brown Secretary | OfficerTrustee | 2 | $6,000 |
James Long Board Member | Trustee | 2 | $6,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Progressive Health Of Indiana Llc Contract Therapy | 6/29/22 | $830,237 |
Healthcare Services Group Inc Housekeeping Contractor | 6/29/22 | $408,601 |
Sysco Louisville Food And Supplies | 6/29/22 | $339,970 |
Pca Pharmacy Pharmacy Services | 6/29/22 | $309,003 |
Medical Staffing Solutions Llc Contract Nursing | 6/29/22 | $285,893 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $130,393 |
| 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 | $130,393 |
| Total Program Service Revenue | $14,466,715 |
| Investment income | $132,821 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$90,757 |
| Net Gain/Loss on Asset Sales | $187,058 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,826,230 |
| 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. | $251,168 |
| Compensation of current officers, directors, key employees. | $167,659 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,906,785 |
| Pension plan accruals and contributions | $116,199 |
| Other employee benefits | $641,832 |
| Payroll taxes | $530,365 |
| Fees for services: Management | $38,410 |
| Fees for services: Legal | $6,396 |
| Fees for services: Accounting | $76,607 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,520 |
| Fees for services: Other | $2,170,439 |
| Advertising and promotion | $54,972 |
| Office expenses | $88,088 |
| Information technology | $101,122 |
| Royalties | $0 |
| Occupancy | $225,187 |
| Travel | $14,184 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,352 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $291,246 |
| Insurance | $522,157 |
| All other expenses | $570,494 |
| Total functional expenses | $15,257,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,908 |
| Savings and temporary cash investments | $2,110,287 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,223,063 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,931,524 |
| Inventories for sale or use | $142,567 |
| Prepaid expenses and deferred charges | $194,363 |
| Net Land, buildings, and equipment | $4,276,561 |
| Investments—publicly traded securities | $4,375,127 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $334,923 |
| Total assets | $21,606,323 |
| Accounts payable and accrued expenses | $912,477 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $74,281 |
| Total liabilities | $986,758 |
| Net assets without donor restrictions | $20,619,565 |
| 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 | $21,606,323 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wheaton Franciscan Healthcare - Southeast Wisconsin Inc St Louis, MO | $170,280,677 | $49,335,705 |
Community Health Systems Inc Beckley, WV | $47,848,830 | $60,145,979 |
Alexian Health Senior Care St Louis, MO | $102,929,303 | $37,706,553 |
Muskingum Valley Health Centers Zanesville, OH | $53,555,620 | $43,067,019 |
Esperanza Health Centers Chicago, IL | $28,840,414 | $38,575,454 |
Primary Healthcare Associates Sc Harvey, IL | $3,794,694 | $21,243,184 |
Riverside Healthcare Association Inc Newport News, VA | $660,049,352 | $36,592,083 |
Fayette Physician Network Inc Morgantown, WV | $4,531,688 | $30,641,232 |
Alexian Brothers Medical Care Group Nfp St Louis, MO | $4,939,954 | $17,353,672 |
Ucm Care Network Medical Group Inc Chicago, IL | $46,395,870 | $13,739,776 |
Nea Baptist Health System Inc Memphis, TN | $0 | $22,003,068 |
Ohio North East Health Systems Inc Youngstown, OH | $16,127,978 | $24,157,736 |