Ocoee Regional Health Corporation
- Assets
- $14.5m
- Revenue
- $7.2m
- Investments
- $775.4k
- Employees
- 77
- Location
- Benton, TN
- Founding
- 06/1978
- Data as of
- 01/2023
- EIN
- 62-0977215
Organization Overview
Ocoee Regional Health Corporation is located in Benton, TN. The organization was established in 1978. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 01/2023, Ocoee Regional Health Corporation employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocoee Regional Health Corporation 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 01/2023, Ocoee Regional Health Corporation generated $7.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $5.9m during the year ending 01/2023. While expenses have increased by 2.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES HEALTH CARE TO INDIVIDUALS REGARLESS OF THEIR ABILITY TO PAY. THIS IS A DIRECT FULFILLMENT OF THEIR TAX EXEMPT PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES HEALTH CARE REGARDLESS OF THE INDIVIDUALS ABILTIY TO PAY. THESE MEDICAL SERVICES ARE PROVIDED IN AREAS THAT HAVE A SHORTAGE OF HEALTH CARE PROVIDERS. THIS IS A DIRECT FULFILLMENT OF THEIR TAX EXEMPT PURPOSE. OVER 24,800 VISITS WERE PROVIDED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita Hammons Board Member | Trustee | 1 | $0 |
Kim Bishop Board Member | Trustee | 1 | $0 |
Charles Mcclure Board Member | Trustee | 1 | $0 |
Linda Davis Board Member | Trustee | 1 | $0 |
Patti Dalton Board Member | Trustee | 1 | $0 |
Bill Hollin Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nextgen Healthcare Inc Contract Billing Services | 1/30/22 | $176,395 |
Dee Burris Construction Contract Construction Services | 1/30/22 | $785,382 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,484,565 |
| 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 | $3,484,565 |
| Total Program Service Revenue | $3,675,614 |
| Investment income | $60,212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,314 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,245,705 |
| 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. | $548,537 |
| Compensation of current officers, directors, key employees. | $191,988 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,193,556 |
| Pension plan accruals and contributions | $109,500 |
| Other employee benefits | $610,976 |
| Payroll taxes | $201,441 |
| 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 | $206,351 |
| Advertising and promotion | $0 |
| Office expenses | $455,727 |
| Information technology | $210,938 |
| Royalties | $0 |
| Occupancy | $234,931 |
| Travel | $67,333 |
| 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 | $195,813 |
| Insurance | $11,403 |
| All other expenses | $0 |
| Total functional expenses | $5,866,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390,911 |
| Savings and temporary cash investments | $5,863,901 |
| Pledges and grants receivable | $205,781 |
| Accounts receivable, net | $524,129 |
| 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 | $53,049 |
| Net Land, buildings, and equipment | $5,494,787 |
| Investments—publicly traded securities | $1,223,573 |
| Investments—other securities | $775,431 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,531,562 |
| Accounts payable and accrued expenses | $97,629 |
| 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 | $0 |
| Total liabilities | $97,629 |
| Net assets without donor restrictions | $14,433,933 |
| 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 | $14,531,562 |