Rush Health Systems Inc
- Assets
- $260.2m
- Revenue
- $58.7m
- Investments
- $65.0m
- Employees
- 435
- Location
- Meridian, MS
- Founding
- 07/1983
- Data as of
- 12/2021
- EIN
- 64-0664988
Organization Overview
Rush Health Systems Inc is located in Meridian, MS. The organization was established in 1983. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Rush Health Systems Inc employed 435 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rush Health Systems 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, Rush Health Systems Inc generated $58.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $46.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Rush Health Systems Inc has awarded 60 individual grants totaling $143,608,634. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO HEALTH CARE AFFILIATES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF MANAGEMENT & ADMIN. SERVICES TO AFFILIATED ORGANIZATIONS. THE AFFILIATES PROVIDED ACUTE/SWING BED, SKILLED PATIENT CARE, OUTPATIENT EMERGENCY AND TRANSPORTATION SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Duggan MD Cmo | OfficerTrustee | 15 | $772,845 |
Larkin Kennedy President | OfficerTrustee | 45 | $547,233 |
Morris A Reece Managing Director/vice Cha | OfficerTrustee | 40 | $383,934 |
Darrell Wildman Treasurer / VP Compliance | Officer | 43 | $372,881 |
Allen Tyra VP / COO | Officer | 45 | $292,677 |
David Butler CFO | Officer | 40 | $266,532 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barry Thaggard & May Llp Legal | 12/30/21 | $403,266 |
Servicemaster Professional Ser Housekeeping Services | 12/30/21 | $900,931 |
Horne Llp Accounting | 12/30/21 | $151,500 |
Bradley Arant Boult Cummingsl Legal | 12/30/21 | $163,103 |
Carr Riggs & Ingram Llc Accounting | 12/30/21 | $274,740 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $19,856,823 |
| Government grants | $213,870 |
| All other contributions, gifts, grants, and similar amounts not included above | $256,046 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,326,739 |
| Total Program Service Revenue | $32,302,079 |
| Investment income | $1,049,170 |
| 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 | $58,741,717 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,822,379 |
| 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. | $3,900,734 |
| Compensation of current officers, directors, key employees. | $117,022 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,812,254 |
| Pension plan accruals and contributions | $155,222 |
| Other employee benefits | $2,726,376 |
| Payroll taxes | $1,036,410 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,264,631 |
| Fees for services: Accounting | $498,024 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $479,297 |
| Office expenses | $62,385 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $281,300 |
| Travel | $896,414 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,206 |
| Interest | $1,146 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $538,870 |
| Insurance | $130,429 |
| All other expenses | $709,104 |
| Total functional expenses | $46,288,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,309,415 |
| Savings and temporary cash investments | $5,011,633 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $910,985 |
| Loans from Officers, Directors, or Controlling Persons | $8,128,360 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,576,362 |
| Net Land, buildings, and equipment | $5,860,025 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $64,958,354 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $116,485,349 |
| Total assets | $260,240,483 |
| Accounts payable and accrued expenses | $9,581,340 |
| 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 | $11,846,164 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $206,776,920 |
| Total liabilities | $228,204,424 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $32,036,059 |
| Total liabilities and net assets/fund balances | $260,240,483 |
Grants Awarded
Over the last fiscal year, Rush Health Systems Inc has awarded $12,822,379 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Meridian, MS PURPOSE: AFFILIATE SUPPORT | $10,920,974 |
Union, MS PURPOSE: AFFILIATE SUPPORT | $1,429,434 |
Meridian, MS PURPOSE: AFFILIATE SUPPORT | $471,971 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Rush Health Systems Inc has recieved totaling $2,575,547.
| Awarding Organization | Amount |
|---|---|
Rush Medical Foundation Meridian, MS PURPOSE: AFFILIATE SUPPORT | $2,545,547 |
Phil Hardin Foundation Meridian, MS PURPOSE: CORONOVIRUS EDUCATION | $15,000 |
Phil Hardin Foundation Meridian, MS PURPOSE: CORONOVIRUS EDUCATION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
General Health System Baton Rouge, LA | $264,239,166 | $121,912,276 |
Infirmary Health System Inc Mobile, AL | $523,349,196 | $75,336,538 |
St Bernard Hospital Foundation Inc Chalmette, LA | $40,141,815 | $57,135,731 |
Rush Health Systems Inc Meridian, MS | $260,240,483 | $58,741,717 |
Independent Healthcare Management Inc Magee, MS | $20,184,780 | $47,802,744 |
Lafayette General Health System Inc Lafayette, LA | $1,225,055,095 | $38,873,681 |
Pontotoc Health Services Inc Tupelo, MS | $22,119,690 | $29,444,991 |
St Bernards Healthcare Jonesboro, AR | $335,856,047 | $24,639,089 |
Mainline Health Systems Inc Dermott, AR | $29,379,904 | $27,648,337 |
Nea Baptist Health System Inc Memphis, TN | $0 | $22,003,068 |
Family Health Care Clinic Inc Jackson, MS | $11,024,389 | $20,801,321 |
Mississippi Bapt Health Systems Inc Jackson, MS | $17,594,565 | $17,908,951 |