Big Sandy Health Care Inc
- Assets
- $40.0m
- Revenue
- $51.7m
- Investments
- $0.0
- Employees
- 420
- Location
- Prestonsburg, KY
- Founding
- 01/1975
- Data as of
- 01/2024
- EIN
- 61-0849776
Organization Overview
Big Sandy Health Care Inc is located in Prestonsburg, KY. The organization was established in 1975. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 01/2024, Big Sandy Health Care Inc employed 420 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Sandy Health Care 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 01/2024, Big Sandy Health Care Inc generated $51.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $43.0m during the year ending 01/2024. While expenses have increased by 12.6% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
BIG SANDY HEALTH CARE (BSHC) IS ORGANIZED AS A NONPROFIT CORPORATION AND AN EXEMPT ENTITY UNDER IRC SECTION 501(C)(3). BSHC OPERATES EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF PROVIDING PRIMARY HEALTH CARE SERVICES TO A LARGE NUMBER OF LOW-INCOME AND UNINSURED PERSONS THROUGH ITS SEVEN PRIMARY CARE CENTERS IN RURAL, SOUTHEASTERN KENTUCKY. BSHC'S PRIMARY SERVICE AREA IS COMPRISED IN FLOYD, JOHNSON, MAGOFFIN, MARTIN, AND PIKE COUNTIES. THE AREA IS RURAL AND ECONOMICALLY DISTRESSED. A DISPROPORTIONATE NUMBER OF PEOPLE HAVE NO HEALTH INSURANCE, AND THE REGION'S MEDICAID ELIGIBILITY IS HIGH COMPARED TO STATE AND NATIONAL AVERAGES. IN THIS CONTEXT, BSHC OFFERS CHARITABLE HEALTH CARE TO LOW-INCOME AND UNINSURED PERSONS AS PART OF ITS COMMITMENT TO ITS CHARITABLE MISSION, BSHC HAS INSTITUTED A CHARITY PROGRAM FOR UNINSURED PATIENTS WHO RECEIVE SERVICES AT ITS FACILITIES. THIS PROGRAM PROVIDES FINANCIAL RELIEF TO PERSONS WHO QUALIFY BASED ON A COMPARISON OF THEIR FINANCIAL RESOURCES AND/OR INCOM
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY HEALTH CARE SERVICES BIG SANDY HEALTH CARE, INC. (BSHC) OPERATES TEN COMMUNITY HEALTH CARE SITES IN EASTERN KENTUCKY. THROUGH THESE SITES, BSHC PROVIDES A WIDE ARRAY OF PRIMARY HEALTH CARE SERVICES, INCLUDING MEDICAL, DENTAL, VISION, BEHAVIORAL HEALTH, PHARMACY, DIAGNOSTIC X-RAY, MEDICAL LABORATORY, PODIATRY, AND OPTOMETRY SERVICES. IN ADDITION TO SERVICES PROVIDED IN ITS HEALTH CENTER SITES, BSHC PROVIDES SERVICES IN HOSPITALS, NURSING HOMES AND SCHOOLS. DURING THE FISCAL YEAR ENDED JANUARY 31, 2024, BSHC PROVIDED SERVICES TO OVER 28,000 UNDUPLICATED INDIVIDUALS. BSHC PROVIDES SERVICES TO ANY RESIDENT IN THE REGION IT SERVES, BUT ESPECIALLY ATTRACTS LOW-INCOME AND UNINSURED PERSONS. BSHC PROVIDES SIGNIFICANT AMOUNTS OF CHARITY SERVICES FOR THESE PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Sammie Gibson Doctor | $608,058 | ||
Dr Jeremy Parsons Doctor | $480,765 | ||
Dr Jack Kendrick Doctor | $456,819 | ||
Dr Lesley Dotson Doctor | $431,244 | ||
Tara Newsome Doctor | $304,514 | ||
Boyce Dean Shofner CEO | Officer | $301,005 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dr Randy Forehand Medical Service | 1/30/24 | $473,958 |
University Of Pikeville Kentucky College Of Optometry Optometry | 1/30/24 | $124,825 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,338,515 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,338,515 |
| Total Program Service Revenue | $38,678,858 |
| Investment income | $709,514 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,726,887 |
| 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. | $461,297 |
| Compensation of current officers, directors, key employees. | $461,297 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,773,774 |
| Pension plan accruals and contributions | $426,006 |
| Other employee benefits | $2,854,108 |
| Payroll taxes | $1,697,123 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $1,475,377 |
| Advertising and promotion | $126,899 |
| Office expenses | $1,198,352 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $483,269 |
| Travel | $222,248 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,141 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $642,050 |
| Insurance | $196,619 |
| All other expenses | $68,098 |
| Total functional expenses | $42,984,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,774,468 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $446,550 |
| Accounts receivable, net | $4,168,420 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,008,617 |
| Prepaid expenses and deferred charges | $621,656 |
| Net Land, buildings, and equipment | $11,507,101 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,454,400 |
| Total assets | $39,981,212 |
| Accounts payable and accrued expenses | $2,906,114 |
| 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 | $444,801 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,407,865 |
| Total liabilities | $4,758,780 |
| Net assets without donor restrictions | $34,757,089 |
| Net assets with donor restrictions | $465,343 |
| 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 | $39,981,212 |