The Medical Center At Franklin Inc
- Assets
- $40.9m
- Revenue
- $35.1m
- Investments
- $0.0
- Employees
- 144
- Location
- Bowling Green, KY
- Founding
- 05/2000
- Data as of
- 03/2022
- EIN
- 61-1362001
Organization Overview
The Medical Center At Franklin Inc is located in Bowling Green, KY. The organization was established in 2000. 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 03/2023, Medical Center At Franklin Inc employed 144 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Center At Franklin 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 03/2022, Medical Center At Franklin Inc generated $35.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $26.6m during the year ending 03/2022. While expenses have increased by 3.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO CARE FOR PEOPLE AND IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTPATIENT SERVICES: THE MEDICAL CENTER AT FRANKLIN (MCF) IS RECOGNIZED BY MEDICARE AS A CRITICAL ACCESS HOSPITAL. THE HOSPITAL SERVES THE COMMUNITY BY PROVIDING CERTAIN OUTPATIENT SERVICES, INCLUDING AN EMERGENCY DEPARTMENT, BY OR UNDER THE SUPERVISION OF PHYSICIANS, DIAGNOSTIC AND THERAPEUTIC SERVICES FOR MEDICAL DIAGNOSIS, TREATMENT, CARE, OR REHABILITATION OF INJURED, DISABLED, OR SICK PERSONS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
INPATIENT SERVICES: MCF IS ENGAGED IN PROVIDING INPATIENT SERVICES TO BOTH ACUTE CARE BEDS AND SWING BEDS BY OR UNDER THE SUPERVISION OF PHYSICIANS, DIAGNOSTIC, AND THERAPEUTIC SERVICES FOR MEDICAL DIAGNOSIS, TREATMENT, CARE, OR REHABILITATION OF INJURED, DISABLED, OR SICK PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Connie D Smith President & CEO | OfficerTrustee | 2 | $0 |
Dr Brad Morris Director | Trustee | 2 | $0 |
Mr Wade Stone Executive Vice President | Officer | 2 | $0 |
Mr David Gray Executive Vice President | Officer | 2 | $0 |
Ms Michele W Lawless Executive Vice President & CFO | Officer | 2 | $0 |
Mr Eric Hagan VP Of Rural Hospitals | Officer | 4 | $29,605 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qualivis Llc Staffing Services | 3/30/23 | $1,142,898 |
Ultragroup Llc Clinical Services | 3/30/23 | $903,726 |
Southeastern Emergency Physicians Er Physician Srvs | 3/30/23 | $706,364 |
Morrison Mgt Specialist Inc Cafeteria Services | 3/30/23 | $311,185 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $857,807 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,089 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $866,896 |
| Total Program Service Revenue | $31,852,978 |
| Investment income | $371,121 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,680 |
| Net Gain/Loss on Asset Sales | $1,908,254 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,092,795 |
| 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. | $218,209 |
| Compensation of current officers, directors, key employees. | $218,209 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,892,391 |
| Pension plan accruals and contributions | $405,534 |
| Other employee benefits | $1,234,848 |
| Payroll taxes | $514,042 |
| Fees for services: Management | $1,542,547 |
| Fees for services: Legal | $56,543 |
| Fees for services: Accounting | $38,566 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,834 |
| Fees for services: Other | $4,597,510 |
| Advertising and promotion | $49,456 |
| Office expenses | $1,709,872 |
| Information technology | $292,544 |
| Royalties | $0 |
| Occupancy | $551,945 |
| Travel | $13,278 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,040,390 |
| Insurance | $148,863 |
| All other expenses | $23,242 |
| Total functional expenses | $26,586,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,534,434 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,425,007 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $780,983 |
| Prepaid expenses and deferred charges | $259,195 |
| Net Land, buildings, and equipment | $9,561,953 |
| Investments—publicly traded securities | $20,145,483 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $210,204 |
| Total assets | $40,917,259 |
| Accounts payable and accrued expenses | $3,391,975 |
| 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 | $3,078,718 |
| Total liabilities | $6,470,693 |
| Net assets without donor restrictions | $34,446,566 |
| 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 | $40,917,259 |