Community Health Systems Inc
- Assets
- $180.9m
- Revenue
- $31.7m
- Investments
- $0.0
- Employees
- 185
- Location
- Macon, GA
- Founding
- 07/2003
- Data as of
- 06/2022
- EIN
- 74-3083593
Organization Overview
Community Health Systems Inc is located in Macon, GA. The organization was established in 2003. According to its NTEE Classification (E90) the organization is classified as: Nursing, under the broad grouping of Health Care and related organizations. As of 06/2022, Community Health Systems Inc employed 185 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community 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 06/2022, Community Health Systems Inc generated $31.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $44.3m during the year ending 06/2022. While expenses have increased by 17.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND ENCOURAGE HEALTH CARE AND RELATED SERVICES BY PROVIDING STRATEGIC PLANNING, OVERSIGHT, MANAGEMENT, SUPERVISION, ADMINISTRATIVE SERVICES AND OTHER ESSENTIAL FUNCTIONS TO SECTION 501(C)(3) SUPPORTED ORGANIZATIONS WITHIN AN INTEGRATED HEALTH CARE DELIVERY SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRATEGIC PLANNING: COMMUNITY HEALTH SYSTEMS, INC. PROVIDED GUIDANCE TO ITS SUPPORTED ORGANIZATIONS IN THE DEVELOPMENT AND EXECUTION OF STRATEGIC INITIATIVES TO FULFILL THE ORGANIZATION'S MISSION "TO PROVIDE GEORGIA DIRECT ACCESS TO HEALTH CARE SERVICES". OVERSIGHT, MANAGEMENT AND ADMINISTRATIVE SERVICES: COMMUNITY HEALTH SYSTEMS, INC. PROVIDED THE FRAMEWORK FOR GOVERNANCE OF THE ORGANIZATION'S ACTIVITIES AND PROVIDED SERVICES TO FACILITATE THE ADMINISTRATIVE FUNCTIONS OF THE ORGANIZATION. THESE SERVICES INCLUDED, BUT WERE NOT LIMITED TO, ENTERPRISE BUSINESS PLATFORMS; PROJECT MANAGEMENT SUPPORT; COMMUNICATIONS SUPPORT; TECHNOLOGY INFRASTRUCTURE AND SUPPORT; FINANCIAL AND ACCOUNTING SUPPORT AND HUMAN CAPITAL MANAGEMENT SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronnie D Rollins Dir, Pres & | OfficerTrustee | 40 | $838,638 |
Lorraine T Taylor Cfo, Cao, Se | Officer | 40 | $750,535 |
Freddie Walter Senior VP | Officer | 40 | $396,943 |
Brandon Poole Senior VP | 0 | $0 | |
Jon Howell Senior VP | Officer | 40 | $378,668 |
Rusty Lee Sr Vice Pres | Officer | 40 | $326,095 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Accenture Llp Consultimg | 6/29/22 | $1,578,600 |
Collain Healthcare Llc Healthcare | 6/29/22 | $1,370,614 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,929,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,929,190 |
| Total Program Service Revenue | $28,647,755 |
| Investment income | -$9,726,908 |
| 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 | $31,659,736 |
| 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. | $6,971,064 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,281,720 |
| Pension plan accruals and contributions | $460,205 |
| Other employee benefits | $5,284,933 |
| Payroll taxes | $899,319 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $606,066 |
| Fees for services: Accounting | $52,349 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $768,104 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $71,823 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,574 |
| Insurance | $6,528,050 |
| All other expenses | $147,878 |
| Total functional expenses | $44,292,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,420,990 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $600,527 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $498,368 |
| Net Land, buildings, and equipment | $270,281 |
| Investments—publicly traded securities | $137,860,014 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,111,021 |
| Total assets | $180,861,201 |
| Accounts payable and accrued expenses | $3,334,436 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,104,730 |
| Total liabilities | $13,439,166 |
| Net assets without donor restrictions | $167,422,035 |
| 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 | $180,861,201 |