Russell Hospital Corporation
- Assets
- $89.4m
- Revenue
- $84.8m
- Investments
- $360.9k
- Employees
- 758
- Location
- Alexander City, AL
- Founding
- 04/1960
- Data as of
- 12/2023
- EIN
- 63-0385130
Organization Overview
Russell Hospital Corporation is located in Alexander City, AL. The organization was established in 1960. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2023, Russell Hospital Corporation employed 758 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Russell Hospital Corporation 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 12/2023, Russell Hospital Corporation generated $84.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $85.5m during the year ending 12/2023. While expenses have increased by 1.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RUSSELL MEDICAL CENTER IS A PROGRESSIVE, NOT-FOR-PROFIT, ACUTE CARE FACILITY, SERVING THE NEEDS OF EAST CENTRAL ALABAMA,. RUSSELL MEDICAL CENTER AND ITS PHYSICIANS ARE COMMITTED TO PROVIDING THE HIGHEST STANDARDS OF PATIENT CARE AND CUSTOMER SERVICE.OUR MISSION IS SIMPLE: BEING THE BEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RUSSELL MEDICAL CENTER IS AN 81-BED ACUTE CARE HOSPITAL LOCATED IN ALEXANDER CITY, ALABAMA. IT SERVES PATIENTS DRAWN FROM A 7-COUNTY SERVICE AREA WHICH INCLUDES TALLAPOSSA, COOSA, ELMORE, TALLADEGA, CLAY, LEE AND CHAMBERS COUNTIES. THE HOSPITAL HAS A 24/7 EMERGENCY DEPARTMENT THAT PROVIDED CARE FOR 19,978 PATIENTS IN 2023. AMONG OTHER SERVICES, THE HOSPITAL OFFERS CHEMOTHERAPY (IN 2023, THE HOSPITAL SERVED 4,831 PATIENTS); HEART CATHERTIZATION (PERFORMING 952 PROCEDURES DURING THE YEAR); AND, VASCULAR SERVICES (24 HOUR A DAY, 7 DAYS) A WEEK TO OUR SERVICE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Baker MD Physician | 40 | $1,033,173 | |
Brian Dix MD Phyisician(t | 40 | $522,188 | |
Mary Emily Sheffield MD Physician | Trustee | 40 | $498,865 |
Alex Minter MD Phyisician | 40 | $478,412 | |
William Moore MD Physician | 40 | $441,160 | |
Lother E Peace III President/ce | OfficerTrustee | 40 | $439,532 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medsr Consultant | 12/30/23 | $1,789,619 |
Medical Information Technology Inc Software System | 12/30/23 | $1,469,490 |
Medline Industries Inc Medical Supplie | 12/30/23 | $1,336,255 |
Boston Scientific Medical Supplie | 12/30/23 | $1,035,917 |
Cardinal Health 110 Llc Medical Supplie | 12/30/23 | $923,946 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,521,916 |
| All other contributions, gifts, grants, and similar amounts not included above | $371,906 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,893,822 |
| Total Program Service Revenue | $78,758,723 |
| Investment income | $525,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $228,562 |
| 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 | $84,775,183 |
| 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. | $1,163,049 |
| Compensation of current officers, directors, key employees. | $1,163,049 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,029,817 |
| Pension plan accruals and contributions | $54,219 |
| Other employee benefits | $6,636,004 |
| Payroll taxes | $2,367,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $83,917 |
| Fees for services: Accounting | $156,636 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,780,236 |
| Advertising and promotion | $0 |
| Office expenses | $1,145,923 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,789,907 |
| Travel | $51,166 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,429,606 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,972,927 |
| Insurance | $1,174,734 |
| All other expenses | $4,302 |
| Total functional expenses | $85,480,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,665 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,407,592 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,573,499 |
| Prepaid expenses and deferred charges | $820,660 |
| Net Land, buildings, and equipment | $33,078,349 |
| Investments—publicly traded securities | $4,698,590 |
| Investments—other securities | $360,930 |
| Investments—program-related | $0 |
| Intangible assets | $3,115,178 |
| Other assets | $15,164,216 |
| Total assets | $89,350,679 |
| Accounts payable and accrued expenses | $13,776,411 |
| Grants payable | $0 |
| Deferred revenue | $398,197 |
| 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 | $32,422,048 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,464,446 |
| Total liabilities | $51,061,102 |
| Net assets without donor restrictions | $20,784,250 |
| Net assets with donor restrictions | $17,505,327 |
| 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 | $89,350,679 |