Dayspring Health Inc
- Assets
- $5.1m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 112
- Location
- Jellico, TN
- Founding
- 06/1977
- Data as of
- 01/2022
- EIN
- 62-0984410
Organization Overview
Dayspring Health Inc is located in Jellico, TN. The organization was established in 1977. 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 01/2022, Dayspring Health Inc employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dayspring Health 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 01/2022, Dayspring Health Inc generated $10.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $8.8m during the year ending 01/2022. While expenses have increased by 9.8% 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
TO PROVIDE RURAL APPALACHIAN COMMUNITIES ACCESS TO AFFORDABLE, QUALITY HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY HEALTH CENTER CLINICS PROVIDE PRIMARY CARE SERVICES, INCLUDING BEHAVIORAL HEALTH, OB/GYN, AND DENTAL SERVICES TO RURAL APPALACHIAN COMMUNITITES THAT HAVE A HIGH NUMBER OF INDIVIDUALS UNDER POVERTY LIMITS AND ARE UNDER-INSURED OR UNINSURED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geogy Thomas CEO / Cmo | Officer | 50 | $239,768 |
James Killian Physician | 40 | $200,819 | |
Tiffany Lu Physician | 40 | $171,161 | |
Kayla Fields Dentist | 40 | $154,557 | |
Lawrence Rector CFO / COO | Officer | 50 | $143,460 |
Dillon Reed Dentist | 40 | $138,586 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Med Tech Solutions Healthcare It Srvs | 1/30/22 | $275,702 |
Picky Clean Services Cleaning Services | 1/30/22 | $100,006 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,420,116 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,539 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,450,655 |
| Total Program Service Revenue | $5,128,704 |
| Investment income | $2,607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,925 |
| Net Gain/Loss on Asset Sales | -$297 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $811,376 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,400,174 |
| 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. | $418,687 |
| Compensation of current officers, directors, key employees. | $156,159 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,182,268 |
| Pension plan accruals and contributions | $175,211 |
| Other employee benefits | $909,088 |
| Payroll taxes | $336,824 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,815 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,991 |
| Fees for services: Other | $295,836 |
| Advertising and promotion | $48,212 |
| Office expenses | $326,965 |
| Information technology | $552,794 |
| Royalties | $0 |
| Occupancy | $114,525 |
| Travel | $50,853 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,294 |
| Interest | $48,591 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $273,174 |
| Insurance | $88,506 |
| All other expenses | $0 |
| Total functional expenses | $8,823,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,062,841 |
| Savings and temporary cash investments | $18,041 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,763,915 |
| 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 | $93,049 |
| Net Land, buildings, and equipment | $2,033,083 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $143,173 |
| Total assets | $5,114,102 |
| Accounts payable and accrued expenses | $1,085,201 |
| 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 | $808,772 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,893,973 |
| Net assets without donor restrictions | $3,220,129 |
| 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 | $5,114,102 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dayspring Health Inc has recieved totaling $153.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $153 |
Endowment Analysis
| Beg. Balance | $10,418 |
| Net Contributions | $1,452 |
| Other Expense | $1,346 |
| Ending Balance | $10,524 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Park Duvalle Community Health Center Inc Louisville, KY | $21,605,439 | $19,615,599 |
Sarrell Regional Dental Center For Public Health Inc Nashville, TN | $0 | $14,776,033 |
Vernon J Harris East End Community Health Center Richmond, VA | $16,491,189 | $17,512,420 |
Memphis Lung Physicians Foundation Inc Memphis, TN | $4,739,184 | $13,322,151 |
Peninsula Institute For Community Health Inc Newport News, VA | $13,296,613 | $18,520,138 |
Regional Health Care Affiliates Inc Providence, KY | $13,143,435 | $19,083,357 |
Southwest Virginia Community Health Systems Incorporated Meadowview, VA | $23,215,796 | $18,922,049 |
Greater Prince William Area Community Health Center Inc Woodbridge, VA | $9,047,910 | $19,215,869 |
Georgia Highlands Medical Services Inc Cumming, GA | $9,524,949 | $16,747,802 |
Matthew Walker Comprehensive Health Center Inc Nashville, TN | $12,433,796 | $15,795,322 |
Mountain Community Health Partnership Incorporated Bakersville, NC | $9,409,704 | $15,495,800 |
G A Carmichael Family Health Center Inc Canton, MS | $6,854,223 | $17,362,328 |