Wellstar Spalding Regional Hospital Inc
- Assets
- $249.2m
- Revenue
- $159.5m
- Investments
- $0.0
- Employees
- 1,064
- Location
- Marietta, GA
- Founding
- 10/2016
- Data as of
- 06/2021
- EIN
- 81-0864789
Organization Overview
Wellstar Spalding Regional 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 Spalding Regional Hospital Inc employed 1,064 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellstar Spalding Regional 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 06/2021, Wellstar Spalding Regional Hospital Inc generated $159.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $147.6m during the year ending 06/2021. While expenses have increased by 5.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara D Ison SVP Hospital President | Officer | 30 | $519,444 |
Scott Burfitt VP Operations & COO | Officer | 30 | $351,531 |
Ehi Osehobo VP Hospital Chief Med. Officer | Officer | 30 | $296,361 |
Stacey Hancock VP Human Resources | Officer | 30 | $273,296 |
Lisa N Johnson VP Cno Patient Care Services | Officer | 30 | $249,923 |
Dennis Simmons Director Pharmacy | 50 | $233,447 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,329,726 |
| 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 | $7,329,726 |
| Total Program Service Revenue | $150,909,195 |
| Investment income | -$130,634 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $699,510 |
| Net Gain/Loss on Asset Sales | $90,903 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $159,536,959 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,808 |
| 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. | $1,813,832 |
| Compensation of current officers, directors, key employees. | $362,766 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,375,280 |
| Pension plan accruals and contributions | $933,825 |
| Other employee benefits | $13,901,770 |
| Payroll taxes | $3,821,990 |
| Fees for services: Management | $3,344,136 |
| Fees for services: Legal | $437 |
| 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 | $12,292,349 |
| Advertising and promotion | $13,870 |
| Office expenses | $553,763 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,977,812 |
| Travel | $129,975 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,108,382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,541,002 |
| Insurance | $981,487 |
| All other expenses | $930,881 |
| Total functional expenses | $147,559,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $456,288 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,871,461 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,070,424 |
| Prepaid expenses and deferred charges | $697,918 |
| Net Land, buildings, and equipment | $81,675,536 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $141,415,396 |
| Total assets | $249,187,023 |
| Accounts payable and accrued expenses | $23,964,615 |
| 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 | $210,584,909 |
| Total liabilities | $234,549,524 |
| Net assets without donor restrictions | $14,636,999 |
| Net assets with donor restrictions | $500 |
| 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 | $249,187,023 |
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Baptist Hospital Inc Pensacola, FL | $1,048,797,666 | $758,112,762 |
Baptist Memorial Hospital Memphis, TN | $691,981,947 | $770,663,628 |
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Mcleod Regional Medical Center Of The Pee Dee Inc Florence, SC | $2,090,467,381 | $796,571,278 |