Continuing Care Hospital Inc
- Assets
- $11.3m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 93
- Location
- Lexington, KY
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 61-1400619
Organization Overview
Continuing Care Hospital Inc is located in Lexington, KY. The organization was established in 1946. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Continuing Care Hospital Inc employed 93 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Continuing Care Hospital 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 06/2022, Continuing Care Hospital Inc generated $15.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $13.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) 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
CONTINUING CARE HOSPITAL, INC. IS AN EXEMPT HOSPITAL WHOSE PRIMARY EXEMPT PURPOSE IS TO PROVIDE HEALTHCARE SERVICES REGARDLESS OF RACE, RELIGION, OR ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE H
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Nolan Board Member/president Flaget/mt Sterling | Trustee | 1 | $0 |
Christy Spitser CFO & Treasurer | OfficerTrustee | 5 | $0 |
Katherine Love Secretary/vp Operational Finance | OfficerTrustee | 5 | $0 |
John Brothers Board Member - Partial Year/mkt VP Mission | Trustee | 1 | $0 |
Bob Desotelle President And CEO Of Cch | Officer | 50 | $224,769 |
Melinda Evans Mkt Director Operational Finance | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amn Healthcare Healthcare Consultin | 6/29/20 | $314,831 |
Bio-medical Apps Of Ky Kidney Kialysis Centers | 6/29/20 | $293,621 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $17,141 |
| Government grants | $252,662 |
| 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 | $269,803 |
| Total Program Service Revenue | $14,944,299 |
| Investment income | $0 |
| 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 | $15,250,593 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| 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. | $472,490 |
| Compensation of current officers, directors, key employees. | $472,490 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,773,554 |
| Pension plan accruals and contributions | $241,986 |
| Other employee benefits | $664,031 |
| Payroll taxes | $369,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,594 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $6,717 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,393,669 |
| Advertising and promotion | $0 |
| Office expenses | $160,561 |
| Information technology | $399,742 |
| Royalties | $0 |
| Occupancy | $389,198 |
| Travel | $6,148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $291 |
| Interest | $417 |
| Payments to affiliates | $282,711 |
| Depreciation, depletion, and amortization | $1,032,612 |
| Insurance | $66,288 |
| All other expenses | $17,859 |
| Total functional expenses | $13,511,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,177 |
| Savings and temporary cash investments | $8,166,814 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,967,385 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $37,726 |
| Net Land, buildings, and equipment | $33,161 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,334,263 |
| Accounts payable and accrued expenses | $410,847 |
| 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 | $3,115,105 |
| Total liabilities | $3,525,952 |
| Net assets without donor restrictions | $7,808,311 |
| 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 | $11,334,263 |