Cullman Regional Medical Center Inc
- Assets
- $187.0m
- Revenue
- $165.9m
- Investments
- $2.0m
- Employees
- 1,883
- Location
- Cullman, AL
- Founding
- 07/1992
- Data as of
- 06/2021
- EIN
- 63-1058174
Organization Overview
Cullman Regional Medical Center Inc is located in Cullman, AL. The organization was established in 1992. 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 06/2022, Cullman Regional Medical Center Inc employed 1,883 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cullman Regional Medical Center 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 06/2021, Cullman Regional Medical Center Inc generated $165.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $158.0m during the year ending 06/2021. While expenses have increased by 6.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CULLMAN REGIONAL MEDICAL CENTER, LICENSED FOR 150 BEDS, OPERATES A 150-BED GENERAL ACUTE CARE HOSPITAL FOR THE COMMUNITY OF CULLMAN, ALABAMA AND SURROUNDING AREAS REGARDLESS OF A PATIENT'S ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRMC PROVIDES ACUTE CARE PATIENT SERVICES WHICH ARE RENDERED TO ALL MEMBERS OF THE COMMUNITY REGARDLESS OF THEIR ABILITY TO PAY. CRMC USES CHARITY APPLICATIONS BASED UPON FEDERAL POVERTY GUIDELINES AND FAMILY SIZE TO DETERMINE ELIGIBILITY FOLLOWING SERVICES PROVIDED. CRMC PROVIDES CARE 24 HOURS PER DAY, SEVEN DAYS A WEEK AND HAS PROVIDED 35,038 INPATIENT DAYS CARE, 7.54% WERE NOT COVERED BY ANY GOVERNMENTAL OR PRIVATE INSURANCE PLAN; 43,455 EMERGENCY ROOM VISITS, 18.43% WERE NOT COVERED BY ANY GOVERNMENTAL OR PRIVATE INSURANCE PLAN; AND 102,805 OUTPATIENT VISITS, 7.62% NOT COVERED BY ANY GOVERNMENTAL OR PRIVATE INSURANCE PLAN. THE TOTAL UNREIMBURSED COST OF MEDICAL SERVICES PROVIDED TO THOSE NOT COVERED BY ANY GOVERNMENTAL OR PRIVATE INSURANCE PLAN IS REPORTED ON SCHEDULE H. CRMC ALSO PROVIDES COMMUNITY EDUCATION AND WELLNESS ACTIVITIES TO THE COMMUNITY AND IS A MAJOR CONTRIBUTOR TO A LOCAL INDIGENT CLINIC SERVICING CULLMAN COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Clements Ceo/member | OfficerTrustee | 41 | $884,924 |
Phillip Kravetz MD Physician | 40 | $744,771 | |
Stephen Gould MD Surgeon | 40 | $716,077 | |
Michael Miller MD Surgeon | 40 | $580,846 | |
Brad Moody MD Surgeon | 40 | $552,469 | |
Thomas Dukovac MD Urologist | 40 | $548,556 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Radar Healthcare Providers Anesthesiology | 6/29/22 | $689,391 |
Evergreen Linen Solutions Laundry Service | 6/29/22 | $487,283 |
Design Innovations Llc Interior Design | 6/29/22 | $497,141 |
Johns Custom Cabinents Llc Construction | 6/29/22 | $428,922 |
Brasfield & Gorrie Llc Construction | 6/29/22 | $398,914 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,063,314 |
| Investment income | $1,852,778 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $418,773 |
| Net Gain/Loss on Asset Sales | $150,791 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $165,872,359 |
| Statement of Expenses | |
|---|---|
| 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. | $1,349,420 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,557,130 |
| Pension plan accruals and contributions | $2,948,394 |
| Other employee benefits | $8,947,536 |
| Payroll taxes | $4,878,919 |
| Fees for services: Management | $1,328,893 |
| Fees for services: Legal | $320,125 |
| Fees for services: Accounting | $118,084 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $217,268 |
| Fees for services: Other | $10,465,431 |
| Advertising and promotion | $425,176 |
| Office expenses | $10,220,972 |
| Information technology | $270 |
| Royalties | $0 |
| Occupancy | $4,202,702 |
| Travel | $547,394 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90,525 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,421,619 |
| Insurance | $1,547,155 |
| All other expenses | $0 |
| Total functional expenses | $157,997,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,661,220 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,045,603 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,594,858 |
| Prepaid expenses and deferred charges | $1,841,423 |
| Investments—publicly traded securities | $65,654,143 |
| Investments—other securities | $2,033,972 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,395,561 |
| Total assets | $187,038,262 |
| Accounts payable and accrued expenses | $15,099,506 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $61,289,033 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,702,497 |
| Total liabilities | $103,096,036 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $83,942,226 |
Grants Awarded
Over the last fiscal year, Cullman Regional Medical Center Inc has awarded $1,699,627 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD SAMARITAN CLINIC PURPOSE: CURRENT OPERATIONS | $82,000 |
GOOD SAMARITAN CLINIC PURPOSE: CURRENT OPERATIONS | $241,977 |
GOOD SAMARITAN CLINIC PURPOSE: CURRENT OPERATIONS | $558,828 |
GOOD SAMARITAN CLINIC PURPOSE: CURRENT OPERATIONS | $816,822 |