Health Services Management Inc
- Assets
- $180.1m
- Revenue
- $131.1m
- Investments
- $331.8k
- Employees
- 3,843
- Location
- Murfreesboro, TN
- Founding
- 05/2000
- Data as of
- 12/2022
- 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 12/2022, Health Services Management Inc employed 3,843 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 12/2022, Health Services Management Inc generated $131.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $143.9m during the year ending 12/2022. 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 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 |
|---|---|---|---|
Jim Shatz CEO | OfficerTrustee | 40 | $623,219 |
Scott Fisher CFO | OfficerTrustee | 40 | $622,192 |
William Neely Chief Legal Officer | OfficerTrustee | 40 | $587,134 |
Timothy Priddy Director | Trustee | 1 | $88,500 |
Randy Shuck Chairman, Director | Trustee | 1 | $88,500 |
Robert Conroy Director | Trustee | 1 | $81,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reliant Rehabilitation Therapy | 12/30/22 | $10,631,106 |
Amerisource Funding Inc Staffing Agency | 12/30/22 | $2,559,979 |
Myshyft Llc Staffing Agency | 12/30/22 | $1,966,120 |
Crestmark Pharmacy Services Llc Pharmacy | 12/30/22 | $1,626,507 |
Crestmark Pharmacy Services Of Texas Ll Pharmacy | 12/30/22 | $1,491,915 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,842,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,940 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,854,690 |
| Total Program Service Revenue | $129,025,337 |
| Investment income | $451,587 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$689,072 |
| Net Gain/Loss on Asset Sales | -$103,449 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,148,848 |
| 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. | $4,101,408 |
| Compensation of current officers, directors, key employees. | $3,232,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,522,892 |
| Pension plan accruals and contributions | $143,336 |
| Other employee benefits | $3,336,707 |
| Payroll taxes | $4,684,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,051,657 |
| Fees for services: Accounting | $384,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,574,160 |
| Advertising and promotion | $2,277,903 |
| Office expenses | $4,076,384 |
| Information technology | $780,456 |
| Royalties | $0 |
| Occupancy | $13,831,596 |
| Travel | $199,388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $608,486 |
| Interest | $456,597 |
| Payments to affiliates | $592,709 |
| Depreciation, depletion, and amortization | $3,492,382 |
| Insurance | $4,245,099 |
| All other expenses | $4,040,166 |
| Total functional expenses | $143,947,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,817,130 |
| Savings and temporary cash investments | $8,000,168 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,342,149 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,712,561 |
| Inventories for sale or use | $410,369 |
| Prepaid expenses and deferred charges | $948,177 |
| Net Land, buildings, and equipment | $62,452,688 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $331,772 |
| Investments—program-related | $0 |
| Intangible assets | $62,126 |
| Other assets | $70,064,447 |
| Total assets | $180,141,587 |
| Accounts payable and accrued expenses | $8,741,902 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $656,955 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $35,916,978 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $72,554,311 |
| Total liabilities | $117,870,146 |
| Net assets without donor restrictions | $62,271,441 |
| 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 | $180,141,587 |