Maury Regional Medical Group Inc
- Assets
- $6.5m
- Revenue
- $41.4m
- Investments
- $0.0
- Employees
- 274
- Location
- Columbia, TN
- Founding
- 04/1998
- Data as of
- 06/2023
- EIN
- 62-1649052
Organization Overview
Maury Regional Medical Group Inc is located in Columbia, TN. The organization was established in 1998. 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 06/2023, Maury Regional Medical Group Inc employed 274 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maury Regional Medical Group 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 06/2023, Maury Regional Medical Group Inc generated $41.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $46.4m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 years. 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
TO PROMOTE AND PROVIDE QUALITY HEALTH CARE AND HEALTH RELATED SERVICES IN RURAL MIDDLE TN REGION
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE SERVICES ARE PROVIDED TO PERSONS IN THE RURAL MIDDLE TENNESEE AREA THROUGH A NETWORK OF PROMPT CARE/PRIMARY CARE FACILITIES THAT OFFER BOTH PRIMARY CARE SERVICES AND SPECIALIST SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Chaney MD President | OfficerTrustee | 1 | $0 |
Charlie Brinkley Secretary/treasurer | OfficerTrustee | 1 | $0 |
Deborah Lumpkins Vice President | OfficerTrustee | 1 | $0 |
J Cummins Couch III Director/physician | Trustee | 40 | $461,543 |
Michael Pelletier MD Director/physician | Trustee | 40 | $324,839 |
Sean Cannady DO Director/physician | Trustee | 40 | $351,275 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dr Mark A Cobb Health Care | 6/29/21 | $394,900 |
Dr Jennifer J Feldhaus Health Care | 6/29/21 | $107,699 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $14,093,140 |
| Government grants | $0 |
| 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 | $14,093,140 |
| Total Program Service Revenue | $19,369,079 |
| Investment income | $0 |
| 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 | $41,372,482 |
| 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. | $485,931 |
| Compensation of current officers, directors, key employees. | $485,931 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,987,281 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,435,580 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,174,223 |
| 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 | $0 |
| Advertising and promotion | $56,067 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $388,363 |
| Travel | $0 |
| 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 | $898,267 |
| Insurance | $405,815 |
| All other expenses | $22,064 |
| Total functional expenses | $46,380,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,500 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,288,770 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $100,430 |
| Prepaid expenses and deferred charges | $453,957 |
| Net Land, buildings, and equipment | $840,521 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,820,116 |
| Other assets | $0 |
| Total assets | $6,509,294 |
| Accounts payable and accrued expenses | $7,095,752 |
| 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 | $7,095,752 |
| Net assets without donor restrictions | $0 |
| 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 | $86,052,010 |
| Retained earnings, endowment, accumulated income, or other funds | -$86,638,468 |
| Total liabilities and net assets/fund balances | $6,509,294 |