Community Hospital Corporation
- Assets
- $19.4m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 66
- Location
- Plano, TX
- Founding
- 08/1998
- Data as of
- 06/2020
- EIN
- 75-2638469
Organization Overview
Community Hospital Corporation is located in Plano, TX. The organization was established in 1998. 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 06/2021, Community Hospital Corporation employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community 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 06/2020, Community Hospital Corporation generated $9.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $9.8m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO GUIDE, SUPPORT AND ENHANCE THE MISSION OF COMMUNITY HOSPITALS AND HEALTHCARE PROVIDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY HOSPITAL CORPORATION, FORMERLY KNOWN AS VHA SOUTHWEST COMMUNITY HEALTH CORPORATION, ('CHC'), IS A NOT-FOR-PROFIT COMPANY WHOSE SOLE MISSION IS TO HELP HOSPITALS REMAIN COMMUNITY-OPERATED AND GOVERNED. BASED IN PLANO, TEXAS, THE ORGANIZATION PROVIDES COMMUNITY HOSPITALS WITH THE RESOURCES AND EXPERIENCE THEY NEED TO IMPROVE THE QUALITY OF HEALTHCARE, PATIENT SATISFACTION AND FINANCIAL PERFORMANCE. CHC IS THE SOLE MEMBER ORGANIZATION OF YOAKUM COMMUNITY HOSPITAL; ST. MARKS MEDICAL CENTER; JELLICO COMMUNITY HOSPITAL; HUNTSVILLE COMMUNITY HOSPITAL; GAINESVILLE COMMUNITY HOSPITAL AND SOUTHWEST COMMUNITY HOSPITAL, THE HOLDING COMPANY FOR BAPTIST HOSPITALS OF SOUTHEAST TEXAS, THE OPERATOR OF BAPTIST HOSPITALS OF SOUTHEAST TEXAS. CHC IS THE SOLE MEMBER ORGANIZATION FOR COMMUNITY LTACH, LLC, WHICH IN TURN IS THE SOLE VOTING MEMBER ORGANIZATION OF CHC COMMUNITY CARE, LLC AND CAROLINAS COMMUNITY CARE INC, HOLDING COMPANIES OF LONG-TERM ACUTE CARE HOSPITALS THAT CHC OPERATES AND MANAGES IN CONNECTION WITH OTHER NOT-FOR-PROFIT HOSPITALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael D Williams Former Pres, Ceo/board Mbr | 0 | $57,417 | |
Ken Gordon Chairman/board Member | Trustee | 1 | $33,000 |
Christy Lemak Board Member | Trustee | 1 | $27,000 |
Dudley Piland Board Member | Trustee | 1 | $27,000 |
Linda Adkins Board Member | Trustee | 1 | $24,000 |
Craig Chesley Board Member | Trustee | 1 | $24,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gjerset Lorenz Llp Legal | 6/29/21 | $1,026,215 |
Quantum Health Inc Benefits Consulting | 6/29/21 | $690,803 |
Health Reimbursement Partners Consulting | 6/29/21 | $627,283 |
Emagined Security Inc It Solutions | 6/29/21 | $627,985 |
Sai Global Compliance Inc It Services | 6/29/21 | $595,189 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $160,195 |
| 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 | $9,167,067 |
| 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. | $231,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,226,200 |
| Pension plan accruals and contributions | $11,606 |
| Other employee benefits | $727,054 |
| Payroll taxes | $408,845 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $291,629 |
| Fees for services: Accounting | $110,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,111 |
| Advertising and promotion | $31,925 |
| Office expenses | $186,732 |
| Information technology | $85,468 |
| Royalties | $0 |
| Occupancy | $634,739 |
| Travel | $133,241 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,770 |
| Interest | $132,283 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,575 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,765,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,130 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $878,143 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,296,418 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $10,593,712 |
| Intangible assets | $0 |
| Other assets | $6,432,535 |
| Total assets | $19,373,473 |
| Accounts payable and accrued expenses | $5,767,094 |
| Grants payable | $0 |
| Deferred revenue | $121,500 |
| 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 | $1,152,114 |
| Unsecured mortgages and notes payable | $2,184,161 |
| Other liabilities | $3,635,180 |
| Total liabilities | $12,860,049 |
| 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 | $6,513,424 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lafayette Health Ventures Inc Lafayette, LA | $10,029,024 | $12,281,846 |
Community Health Centers Of South Central Texas Inc Gonzales, TX | $17,235,238 | $18,835,061 |
Chc Community Care Llc Plano, TX | $5,322,582 | $13,837,033 |
Syncronys Albuquerque, NM | $9,036,705 | $15,296,549 |
Rapides Foundation Alexandria, LA | $365,841,423 | $25,364,820 |
Saint Francis Health System Inc Tulsa, OK | $37,392,012 | $15,628 |
Chc Community Llc Plano, TX | $6,687,879 | $11,017,370 |
Chc Community Care Llc Plano, TX | $4,042,357 | $11,175,634 |
Community Hospital Corporation Plano, TX | $19,373,473 | $9,167,067 |
Chc Community Care Llc Plano, TX | $3,933,299 | $11,176,815 |
Mercy Health Oklahoma Communities Inc Oklahoma City, OK | $77,124,396 | $15,351,305 |
Chi St Vincent Hot Springs Hot Springs, AR | $140,495,256 | $2,941,051 |