Sweetwater Hospital Association
- Assets
- $95.6m
- Revenue
- $63.8m
- Investments
- $155.0k
- Employees
- 645
- Location
- Sweetwater, TN
- Founding
- 03/1976
- Data as of
- 06/2022
- EIN
- 62-0544855
Organization Overview
Sweetwater Hospital Association is located in Sweetwater, TN. The organization was established in 1976. 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 06/2022, Sweetwater Hospital Association employed 645 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sweetwater Hospital Association 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, Sweetwater Hospital Association generated $63.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $69.4m during the year ending 06/2022. 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 PROVIDE THE HIGHEST QUALITY MEDICAL CARE AVAILABLE IN OUR SERVICE AREA WITHIN OUR SCOPE OF CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWEETWATER HOSPITAL ASSOCIATION HAS A STRONG FOUNDATION OF CARING AND EXCELLENCE THAT PROVIDES QUALITY PATIENT CARE. THE HOSPITAL IS PROUD TO HAVE RECEIVED A 5 STAR RATING ON THE HOSPITAL CONSUMER ASSESSMENT OF HEALTHCARE PROVIDERS AND SYSTEMS (HCAHPS) PATIENTS' PERSPECTIVES OF CARE SURVEY. THROUGHOUT 2022, THE HOSPITAL ADVANCED ITS MISSION IN MANY WAYS. THREE NEW CLINICS WERE OPENED INCLUDING THE LOUDON FAMILY PRACTICE AND WOMEN'S HEALTH CLINIC, INDUSTRIAL AND FAMILY MEDICINE VONORE, AND PHYSICAN THERAPY VONORE. THE HOSPITAL CELEBRATED THE ONE YEAR ANNIVERSARY OF THE NEW SEVEN BED INTENSIVE CARE UNIT THAT PROVIDES CARE FOR CRITICALL ILL PATIENTS WITH A VARIETY OF DIAGNOSES. THE HOSPITAL WELCOMED MANY NEW PHYSICIANS, INCLUDING THOSE SPECIALIZING IN GENERAL SURGERY, FAMILY AND WOMEN'S HEALTH, INTERNAL MEDICINE AND OBSTETRICS. THE HOSPITAL RECENTLY UPGRADED ITS PACS COMMUNICATION SYSTEM WHICH ALLOWS FOR BETTER COMMUNICATION BETWEEN PROVIDERS AND PATIENTS. THE HOSPITAL ALSO EMBARKED ON A NEW WEBSITE-BASED PATIENT CONNECT SYSTEM THAT WILL PROVIDE BETTER COMMUNICATION AND SCHEDULING CAPABILITIES BETWEEN PAITENTS AND THEIR PROVIDERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Warren Chairman | OfficerTrustee | 2 | $0 |
John Carson III Vice Chairman | Trustee | 1 | $600 |
Kenny Archer Board Member | Trustee | 1 | $600 |
Dr Christopher Bowman Board Member, Physician | Trustee | 1 | $546,630 |
Dr Larry James Board Member, Physician | Trustee | 1 | $432,137 |
Teresa Harrill Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emergency Coverage Corp Emergency Room Physicians | 6/29/22 | $2,280,295 |
Ken Kozawa I Md Pc Physician Services | 6/29/22 | $2,088,621 |
Hs Whitson Construction Construction Services | 6/29/22 | $1,087,408 |
Sam Couillard Anesthesia Services | 6/29/22 | $992,740 |
Trubridge Computer Software Services | 6/29/22 | $762,578 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,787,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,791,826 |
| Total Program Service Revenue | $65,579,645 |
| Investment income | $1,255,547 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,249,494 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,803,200 |
| 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. | $342,317 |
| Compensation of current officers, directors, key employees. | $342,317 |
| Compensation to disqualified persons | $31,753 |
| Other salaries and wages | $21,587,767 |
| Pension plan accruals and contributions | $615,117 |
| Other employee benefits | $2,147,644 |
| Payroll taxes | $1,554,743 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $188,931 |
| Fees for services: Accounting | $112,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,673,002 |
| Advertising and promotion | $0 |
| Office expenses | $473,149 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,151,318 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,587 |
| Interest | $92,373 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,021,167 |
| Insurance | $333,398 |
| All other expenses | $405,522 |
| Total functional expenses | $69,419,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,548,406 |
| Savings and temporary cash investments | $2,558,767 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,994,854 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $386,418 |
| Inventories for sale or use | $1,703,764 |
| Prepaid expenses and deferred charges | $236,335 |
| Net Land, buildings, and equipment | $32,440,838 |
| Investments—publicly traded securities | $22,349,249 |
| Investments—other securities | $155,017 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,190,574 |
| Total assets | $95,564,222 |
| Accounts payable and accrued expenses | $4,798,772 |
| 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 | $147,893 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,946,665 |
| Net assets without donor restrictions | $90,617,557 |
| 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 | $95,564,222 |