Health Services Management Inc
- Assets
- $127.5m
- Revenue
- $124.6m
- Investments
- $359.7k
- Employees
- 3,414
- Location
- Murfreesboro, TN
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 62-1808817
Organization Overview
Health Services Management Inc is located in Murfreesboro, TN. The organization was established in 2000. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Health Services Management Inc employed 3,414 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Services Management 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 12/2021, Health Services Management Inc generated $124.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $131.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CARE FOR INDIGENT AND ELDERLY INDIVIDUALS IN NURSING HOMES AND ASSISTED LIVING FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE CARE FOR INDIGENT AND ELDERLY INDIVIDUALS IN NURSING HOMES AND ASSISTED LIVING FACILITIES IN INDIANA, TENNESSEE, TEXAS, AND FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Neely Chief Legal Officer | OfficerTrustee | 40 | $821,924 |
Scott Fisher CFO | OfficerTrustee | 40 | $607,399 |
James Shatz CEO (start 04/21) | OfficerTrustee | 40 | $501,564 |
Joshua White Chief Operating Officer | Officer | 40 | $398,849 |
James E Bell Ceo, Chairman (end 04/21) | OfficerTrustee | 40 | $394,159 |
Brian Jackson Corporate Compliance Officer | Officer | 40 | $267,306 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amerisource Funding Inc Staffing Agency | 12/30/21 | $1,867,049 |
Plex Capital Staffing Agency | 12/30/21 | $1,635,205 |
Reliant Rehabilitation Therapy | 12/30/21 | $12,108,206 |
Crestmark Pharmacy Services Llc Pharmacy | 12/30/21 | $1,613,631 |
Networks Connect Healthcare Staffing Ll Staffing Agency | 12/30/21 | $1,486,795 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,709,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,094 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,724,219 |
| Total Program Service Revenue | $122,572,362 |
| Investment income | $221,672 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$650,145 |
| Net Gain/Loss on Asset Sales | -$17,792 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $124,554,790 |
| 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. | $4,478,767 |
| Compensation of current officers, directors, key employees. | $3,583,265 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,002,881 |
| Pension plan accruals and contributions | $139,714 |
| Other employee benefits | $2,452,045 |
| Payroll taxes | $4,285,002 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $979,027 |
| Fees for services: Accounting | $710,502 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,560,506 |
| Advertising and promotion | $1,929,755 |
| Office expenses | $4,032,183 |
| Information technology | $718,491 |
| Royalties | $0 |
| Occupancy | $12,563,560 |
| Travel | $209,179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $330,041 |
| Interest | $620,209 |
| Payments to affiliates | $509,037 |
| Depreciation, depletion, and amortization | $3,397,547 |
| Insurance | $2,511,737 |
| All other expenses | $1,807,074 |
| Total functional expenses | $131,078,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,284,925 |
| Savings and temporary cash investments | $8,305,494 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,879,897 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,748,909 |
| Inventories for sale or use | $378,730 |
| Prepaid expenses and deferred charges | $719,082 |
| Net Land, buildings, and equipment | $62,993,486 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $359,677 |
| Investments—program-related | $0 |
| Intangible assets | $34,813 |
| Other assets | $840,574 |
| Total assets | $127,545,587 |
| Accounts payable and accrued expenses | $7,242,650 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $719,487 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $37,393,582 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,149,029 |
| Total liabilities | $51,504,748 |
| Net assets without donor restrictions | $76,040,839 |
| 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 | $127,545,587 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Services Management Inc Murfreesboro, TN | $127,545,587 | $124,554,790 |
Guardian Foundation Inc Ooltewah, TN | $123,931,118 | $121,502,183 |
Nhnfp Healthcare Inc Atlanta, GA | $223,126,263 | $90,563,041 |
Ascension Living Bethlehem Woods Village St Louis, MO | $54,923,098 | $70,603,895 |
Citizens Memorial Health Care Foundation Bolivar, MO | $45,218,977 | $63,247,284 |
Ocoee Foundation Inc Cleveland, TN | $61,804,087 | $65,905,921 |
Ascension Michigan Cmg St Louis, MO | $10,296,135 | $49,102,663 |
Bethesda Long Term Care Inc St Louis, MO | $61,164,515 | $49,946,296 |
Ranken-Jordan Home For Convalescent Crippled Children Maryland Heights, MO | $140,456,097 | $69,165,620 |
Covenant Woods Mechanicsville, VA | $166,902,923 | $38,635,107 |
Richfield Living Salem, VA | $138,338,925 | $32,030,155 |
Ascension Living Franciscan Place St Louis, MO | $14,918,135 | $36,267,492 |