Wellstar Atlanta Medical Center Inc
- Assets
- $0.0
- Revenue
- $67.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Marietta, GA
- Founding
- 09/2016
- Data as of
- 10/2022
- EIN
- 81-0837031
Organization Overview
Wellstar Atlanta Medical Center Inc is located in Marietta, GA. The organization was established in 2016. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellstar Atlanta 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 10/2022, Wellstar Atlanta Medical Center Inc generated $67.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.9%) each year. All expenses for the organization totaled $91.8m during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (17.0%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candice Saunders President & Ceo, Evp Wmg | Officer | 1 | $0 |
Anthony J Budzinski Evp & CFO | Officer | 1 | $0 |
Paul Douglass MD Trustee | Trustee | 1 | $0 |
Kem Mullins Evp Ambulatory & Bus Dev | Officer | 1 | $0 |
Leo Reichert Evp & General Counsel | Officer | 1 | $0 |
Mary Chatman Evp & Pres Wellstar Kennestone | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $106,177 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,177 |
| Total Program Service Revenue | $80,997,998 |
| Investment income | -$16,026,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $814,561 |
| 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 | $67,312,967 |
| 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. | $366,517 |
| Compensation of current officers, directors, key employees. | $73,303 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,344,354 |
| Pension plan accruals and contributions | $466,194 |
| Other employee benefits | $8,661,105 |
| Payroll taxes | $2,522,252 |
| Fees for services: Management | $3,568,170 |
| Fees for services: Legal | $2,906 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,323,610 |
| Advertising and promotion | $21,359 |
| Office expenses | $463,893 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,851,860 |
| Travel | $206,592 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $513,721 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,477,175 |
| Insurance | $1,643,072 |
| All other expenses | $0 |
| Total functional expenses | $91,758,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Wellstar Atlanta Medical Center Inc has awarded $7,167,138 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SICKLE CELL FOUNDATION PURPOSE: SPONSORSHIP | $10,000 |
MOREHOUSE SCHOOL OF MEDICINE INC PURPOSE: SPONSORSHIP | $3,541,069 |
OLD FOURTH WARD BUSINESS ASSOCIATION PURPOSE: SPONSORSHIP | $20,000 |
THE SAFE AMERICA FOUNDATION PURPOSE: SPONSORSHIP | $12,500 |
SICKLE CELL FOUNDATION PURPOSE: SPONSORSHIP | $10,000 |
MOREHOUSE SCHOOL OF MEDICINE INC PURPOSE: SPONSORSHIP | $3,541,069 |