Wellstar North Fulton Hospital Inc
- Assets
- $435.7m
- Revenue
- $197.6m
- Investments
- $0.0
- Employees
- 1,256
- Location
- Marietta, GA
- Founding
- 09/2016
- Data as of
- 06/2020
- EIN
- 81-0851756
Organization Overview
Wellstar North Fulton Hospital 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. As of 06/2021, Wellstar North Fulton Hospital Inc employed 1,256 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellstar North Fulton Hospital 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 06/2020, Wellstar North Fulton Hospital Inc generated $197.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $179.3m during the year ending 06/2020. While expenses have increased by 4.4% per year over the past 5 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
2020
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karim Godamunne MD VP Hospital Chief Med Officer | Officer | 50 | $487,848 |
Jonathan Croom SVP & Hospital President | Officer | 48 | $431,905 |
Jacquelyn Alt VP Cno Patient Care Services | Officer | 50 | $295,382 |
Felix Soto Isaguirre VP Finance & Hospital CFO | Officer | 50 | $260,350 |
Lindsey Petrini VP COO Nf | Officer | 50 | $235,527 |
Mark Hastings Pharmacist Unit Based | 50 | $188,332 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,420,386 |
| Investment income | -$524,682 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $552,622 |
| 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 | $197,628,624 |
| 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. | $1,973,077 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,812,116 |
| Pension plan accruals and contributions | $2,931,511 |
| Other employee benefits | $11,376,705 |
| Payroll taxes | $4,342,520 |
| Fees for services: Management | $4,850,707 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,417 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,641,003 |
| Advertising and promotion | $12,501 |
| Office expenses | $1,057,869 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,841,709 |
| Travel | $315,998 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,385,589 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,383,697 |
| Insurance | $2,805,818 |
| All other expenses | $0 |
| Total functional expenses | $179,345,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,212 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,951,297 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,655,161 |
| Prepaid expenses and deferred charges | $1,016,120 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $232,631,165 |
| Total assets | $435,683,269 |
| Accounts payable and accrued expenses | $34,370,733 |
| 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 | $329,222,313 |
| Total liabilities | $363,593,046 |
| 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 | $72,090,223 |
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