Rural Medical Services Inc
- Assets
- $14.9m
- Revenue
- $14.3m
- Investments
- $1.3m
- Employees
- 133
- Location
- Newport, TN
- Founding
- 03/1982
- Data as of
- 03/2024
- EIN
- 62-1102683
Organization Overview
Rural Medical Services Inc is located in Newport, TN. The organization was established in 1982. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 03/2024, Rural Medical Services Inc employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rural Medical Services 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 03/2024, Rural Medical Services Inc generated $14.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $15.4m during the year ending 03/2024. While expenses have increased by 8.9% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES HEALTH CARE TO INDIVIDUALS REGARDLESS 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 ABILITY 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 42,300 VISITS WERE PROVIDED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Ezell Board Member | Trustee | 1 | $0 |
Jill Childress Board Member | Trustee | 1 | $0 |
Crystal Chambers Board Member | Trustee | 1 | $0 |
Sam Mascato Board Member | Trustee | 1 | $0 |
Jamie Clark Board Member | Trustee | 1 | $0 |
Josh Hartsell Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Servoplex Contract It Services | 3/30/24 | $235,352 |
American Esoteric Labratory Contract Lab Services | 3/30/24 | $168,757 |
Forvis Llp Contract Professional Services | 3/30/24 | $176,090 |
Nextgen Healthcare Contract Ehr Services | 3/30/24 | $205,180 |
Junior Hommel Excavation Co Contract Construction Services | 3/30/24 | $400,646 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,419,620 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,980,795 |
| Noncash contributions included in lines 1a–1f | $897,038 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,400,415 |
| Total Program Service Revenue | $8,777,149 |
| Investment income | $104,889 |
| 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 | $14,282,453 |
| 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. | $998,890 |
| Compensation of current officers, directors, key employees. | $302,259 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,129,015 |
| Pension plan accruals and contributions | $300,579 |
| Other employee benefits | $347,302 |
| Payroll taxes | $493,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $366,727 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $559,153 |
| Advertising and promotion | $142,522 |
| Office expenses | $803,091 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $357,381 |
| Travel | $232,634 |
| 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 | $404,429 |
| Insurance | $138,198 |
| All other expenses | $0 |
| Total functional expenses | $15,444,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $991,351 |
| Savings and temporary cash investments | $563,915 |
| Pledges and grants receivable | $1,731,375 |
| Accounts receivable, net | $953,804 |
| 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 | $111,181 |
| Net Land, buildings, and equipment | $6,552,834 |
| Investments—publicly traded securities | $2,636,371 |
| Investments—other securities | $1,263,281 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,658 |
| Total assets | $14,860,770 |
| Accounts payable and accrued expenses | $843,881 |
| 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 | $1,016,788 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $56,746 |
| Total liabilities | $1,917,415 |
| Net assets without donor restrictions | $11,361,977 |
| Net assets with donor restrictions | $1,581,378 |
| 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 | $14,860,770 |