Sweetwater Hospital Association
- Assets
- $101.0m
- Revenue
- $60.0m
- Investments
- $155.0k
- Employees
- 605
- Location
- Sweetwater, TN
- Founding
- 03/1976
- Data as of
- 06/2021
- 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 06/2021, Sweetwater Hospital Association employed 605 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 06/2021, Sweetwater Hospital Association generated $60.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $56.8m during the year ending 06/2021. While expenses have increased by 1.0% per year over the past 6 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
2021
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
PROVIDED FOR 309,330 LABORATORY TESTS DURING THE FISCAL YEAR ENDING 6/30/2021
PROVIDED FOR 16,860 EMERGENCY ROOM VISITS DURING THE FISCAL YEAR ENDING 6/30/2021
PROVIDED FOR 69,421 X-RAY PROCEDURES DURING THE FISCAL YEAR ENDING 6/30/2021
ALL OTHER SERVICES INCLUDE PHARMACY, ROUTINE CARE, OPERATING ROOM, MEDICAL SUPPLIES, THERAPY, HOME HEALTHCARE, LABOR AND DELIVERY. LESS CONTRACTUAL ADUSTMENTS AND POLICY DISCOUNTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ken Kozawa Director | Trustee | 40 | $1,882,468 |
Scott Bowman Secretary Treasurer | 37.5 | $301,506 | |
Andrea B Henry Director Of Nursing | 38 | $183,113 | |
Patti N Thompson Pharmacist | 38 | $179,163 | |
Ashley Oelgoetz CFO | Officer | 37.5 | $156,920 |
Melissa Harris Clinical Officer | 41 | $150,891 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hs Whitson Construction Co Construction | 6/29/21 | $2,206,313 |
Emergency Coverage Corp Er Physician Services | 6/29/21 | $1,921,070 |
Quest Diagnostics Lab Services | 6/29/21 | $757,905 |
Ken Kozawa I Md Pc Physician Services | 6/29/21 | $1,910,740 |
Sam Couillard Anesthesia Services | 6/29/21 | $998,460 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,268,450 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,875 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,270,325 |
| Total Program Service Revenue | $56,832,877 |
| Investment income | $1,546,755 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$88,891 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,985,704 |
| 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. | $333,411 |
| Compensation of current officers, directors, key employees. | $333,411 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,371,290 |
| Pension plan accruals and contributions | $489,965 |
| Other employee benefits | $1,514,931 |
| Payroll taxes | $1,457,973 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,603 |
| Fees for services: Accounting | $169,638 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,010 |
| Fees for services: Other | $2,628,046 |
| Advertising and promotion | $0 |
| Office expenses | $312,140 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $815,498 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93,190 |
| Interest | $198,278 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,663,249 |
| Insurance | $296,395 |
| All other expenses | $332,940 |
| Total functional expenses | $56,785,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,227,217 |
| Savings and temporary cash investments | $19,904,634 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,906,078 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $624,547 |
| Inventories for sale or use | $1,640,938 |
| Prepaid expenses and deferred charges | $142,124 |
| Net Land, buildings, and equipment | $31,730,295 |
| Investments—publicly traded securities | $24,556,309 |
| Investments—other securities | $155,017 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,095,580 |
| Total assets | $100,982,739 |
| Accounts payable and accrued expenses | $7,230,410 |
| 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 | $299,171 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,529,581 |
| Net assets without donor restrictions | $93,453,158 |
| 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 | $100,982,739 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sweetwater Hospital Association has recieved totaling $57,600.
| Awarding Organization | Amount |
|---|---|
Tennessee Rural Health Recruitment And Retention Center Inc Brentwood, TN PURPOSE: COMMUNITY INCENTIVE | $50,000 |
East Tennessee Foundation Knoxville, TN PURPOSE: GEN/OPER SUPPORT | $7,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Marys Hospital Ozaukee Inc St Louis, MO | $0 | $119,639,290 |
Maryview Hospital Llc Suffolk, VA | $0 | $126,392,609 |
Leconte Medical Center Knoxville, TN | $91,240,969 | $144,185,798 |
Columbus Regional Healthcare System Whiteville, NC | $197,969,739 | $134,524,668 |
Harnett Health System Inc Dunn, NC | $119,557,525 | $137,837,447 |
Jane Phillips Memorial Medical Center Inc St Louis, MO | $87,499,100 | $121,263,469 |
Lexington Medical Center Lexington, NC | $126,269,827 | $125,126,706 |
Bon Secours-Richmond Community Hospital Richmond, VA | $200,107,508 | $168,768,277 |
Uva Culpeper Medical Center Culpeper, VA | $139,556,597 | $116,029,117 |
Crisp Regional Hospital Inc Cordele, GA | $164,464,771 | $118,380,453 |
Morristown Hamblen Hosp Knoxville, TN | $71,835,132 | $127,114,372 |
Upson County Hospital Inc Thomaston, GA | $251,563,523 | $131,936,777 |