Gerald Champion Regional Medical Center Foundation Inc
- Assets
- $298.9m
- Revenue
- $196.1m
- Investments
- $4.2m
- Employees
- 1,189
- Location
- Alamogordo, NM
- Founding
- 04/1962
- Data as of
- 06/2020
- EIN
- 85-0138775
The information for Gerald Champion Regional Medical Center Foundation Inc is as of the organization's most recent filing in June '21. This organization is located in Alamogordo, NM. It has been in existence for 59 years, following its founding in 1962.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Gerald Champion Regional Medical Center Foundation Inc is a health care organization classified under the NTEE code E22. The "E" indicates that it falls under the Major Classification of Health Care, specifically General Hospitals. General Hospitals are licensed facilities that provide 24-hour diagnostic, treatment, emergency, and critical care services for individuals with immediate and short-term medical needs. The organization is also governed by section code 3, which encompasses Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals Organizations. The mission of the Gerald Champion Regional Medical Center Foundation Inc is to provide health care services.
Program Areas
The Otero County Hospital Association, also known as the Gerald Champion Regional Medical Center (GCRMC), is a comprehensive healthcare facility that provides services through its 98-bed hospital, outpatient ambulatory care facilities, and multi-specialty physician group. GCRMC serves the cities of Alamogordo and Tularosa, as well as remote areas of Otero County, Lincoln County, Chavez County, and beyond. With a history dating back to 1949, GCRMC is a state-of-the-art acute care facility that offers a range of services including inpatient and outpatient care, surgery, behavioral health, rehabilitation, diagnostic imaging, and cardiology. The organization is committed to serving the community and offers financial assistance programs and charity care to individuals in need.
Organization Staffing
Gerald Champion Regional Medical Center Foundation Inc is run by Robert James Heckert, who is the CEO. The organization has 1,189 employees, with 96 of them being paid over $100k per year. Additionally, the organization is supported by 103 volunteers.
Board Governance
The Gerald Champion Regional Medical Center Foundation Inc appears to be well-governed based on the information provided. With 9 voting members, including 6 independent members, the organization has a diverse and representative board. The absence of potential conflicts of interest further reinforces the integrity of the organization's governance. Additionally, the organization has delegated management to an outside firm, which suggests a commitment to professional expertise and accountability. The fact that both board meetings and committee meetings are documented indicates a transparent decision-making process, ensuring that important discussions and actions are properly recorded. The presence of a conflict of interest policy, as well as a requirement for disclosure of conflicts, demonstrates the organization's commitment to ethical practices and minimizing any potential conflicts that may arise. The presence of a written whistleblower policy and document retention policy further indicates a commitment to transparency and accountability. Furthermore, the organization substantiates and reviews leadership and officer's salaries, which ensures that compensation is reasonable and in line with industry standards. However, it is worth noting that the organization does not provide copies of the 990 to the board prior to filing, which may be an area for improvement in terms of financial transparency. Overall, the Gerald Champion Regional Medical Center Foundation Inc appears to have a well-governed structure with policies and practices in place to ensure transparency, accountability, and ethical decision-making.
Grant History
Our dataset includes seven years of grant history for the Gerald Champion Regional Medical Center Foundation Inc. Over the course of these seven years, the organization has awarded a total of 79 grants, with an average check size of $60,217. All of these grants were awarded in the Health Care sector. The organization primarily awards grants in the state of New Mexico (78), with only one grant awarded in Texas.
Organization Growth
The Gerald Champion Regional Medical Center Foundation Inc has experienced significant growth over the given time period. Contributions & Grants Received increased from $274.8K in 2014 to $345.8K in 2020, indicating an upward trend. Program Service Revenue also saw a substantial increase, rising from $134.8M in 2014 to $205.5M in 2020. Investment Income experienced significant growth as well, increasing from $56.4K in 2014 to $21.4M in 2020. Total Revenue also exhibited growth, climbing from $135.2M in 2014 to $223.4M in 2020. Grants Paid increased from $749.8K in 2014 to $857.3K in 2020, demonstrating an upward trend. Additionally, the number of employees grew from 769 in 2014 to 1.2K in 2020. However, the number of volunteers decreased from 165 in 2014 to 103 in 2020. Overall, the nonprofit organization has experienced significant growth in various areas over the given time period.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Race Physician | 40 | $887,129 | |
Ferial Abood Physician | 40 | $696,048 | |
Andrew Pike Physician | 40 | $668,505 | |
Basher Naser CFO | Officer | 40 | $570,745 |
William Pollard Cmo | Officer | 40 | $550,766 |
Katrina Rolen Physician | 40 | $506,955 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robins & Morton Group Construction | 6/29/21 | $28,603,395 |
Inpatient Services Of Nm Healthcare Professional Contract Service | 6/29/21 | $2,353,453 |
Clinical Colleagues Anesthesia Contract Services | 6/29/21 | $3,016,260 |
Modular Solutions Ltd Modular Buildings | 6/29/21 | $1,905,808 |
Shiftwise Inc Contract Nurse Agency | 6/29/21 | $3,388,440 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,008,345 |
| Investment income | $3,244,465 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,916,169 |
| Net Gain/Loss on Asset Sales | $8,653,342 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $196,067,971 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,008 |
| Grants and other assistance to Foreign Orgs/Individuals | $135,455 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,997,002 |
| Compensation to disqualified persons | $80,889 |
| Other salaries and wages | $56,542,420 |
| Pension plan accruals and contributions | $1,535,270 |
| Other employee benefits | $6,720,445 |
| Payroll taxes | $4,617,422 |
| Fees for services: Management | $6,712,730 |
| Fees for services: Legal | $1,310,714 |
| Fees for services: Accounting | $242,138 |
| Fees for services: Lobbying | $7,125 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $282,225 |
| Fees for services: Other | $36,990,929 |
| Advertising and promotion | $239,882 |
| Office expenses | $3,570,878 |
| Information technology | $1,311,679 |
| Royalties | $0 |
| Occupancy | $2,266,027 |
| Travel | $268,244 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $371,520 |
| Interest | $2,898,154 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,551,797 |
| Insurance | $4,362,266 |
| All other expenses | $0 |
| Total functional expenses | $169,624,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,631,655 |
| Savings and temporary cash investments | $5,948,681 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,467,727 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,198,978 |
| Prepaid expenses and deferred charges | $5,098,982 |
| Investments—publicly traded securities | $126,154,833 |
| Investments—other securities | $4,205,913 |
| Investments—program-related | $0 |
| Intangible assets | $741,116 |
| Other assets | $14,300,176 |
| Total assets | $298,922,139 |
| Accounts payable and accrued expenses | $26,630,625 |
| Grants payable | $0 |
| Deferred revenue | $347,954 |
| Tax-exempt bond liabilities | $61,519,578 |
| 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 | $3,053,928 |
| Other liabilities | $0 |
| Total liabilities | $91,552,085 |
| 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 | $207,370,054 |
Grants Awarded
Over the last fiscal year, Gerald Champion Regional Medical Center Foundation Inc has awarded $672,165 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Fe, NM PURPOSE: PUBLIC HEALTH. | $200,004 |
Santa Fe, NM PURPOSE: PUBLIC HEALTH. | $120,000 |
Alamogordo, NM PURPOSE: CAMPAIGN HOSPITAL MATCH FOR COMMUNITY BENEFIT | $104,788 |
Santa Fe, NM PURPOSE: PUBLIC HEALTH. | $100,000 |
Alamogordo, NM PURPOSE: COMMUNITY BENEFIT. | $70,373 |
Alamogordo, NM PURPOSE: SPONSORSHIP ON BANNERS AND SHIRTS. | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gerald Champion Regional Medical Center Foundation Inc has recieved totaling $11,633.
| Awarding Organization | Amount |
|---|---|
New Mexico Coalition Of Sexual Assault Programs Albuquerque, NM PURPOSE: program support | $11,633 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Integris Baptist Medical Center Inc Oklahoma City, OK | $2,058,378,701 | $1,074,971,636 |
Scl Health - Front Range Inc Broomfield, CO | $769,910,245 | $929,785,452 |
Texas Health Harris Methodist Hospital Fort Worth Fort Worth, TX | $650,433,477 | $986,113,649 |
Mother Frances Hospital Regional Health Care Center irving, TX | $705,395,204 | $847,366,783 |
Tucson Medical Center Tucson, AZ | $695,529,192 | $712,683,954 |
Poudre Valley Health Care Inc Fort Collins, CO | $9,383,080,918 | $1,025,348,780 |
Mercy Hospital Oklahoma City Inc Oklahoma City, OK | $541,395,814 | $646,607,785 |
Saint Joseph Hospital Denver, CO | $893,189,330 | $616,289,311 |
Parkview Medical Center Inc Pueblo, CO | $566,853,494 | $573,603,655 |
St Joseph Regional Health Center Bryan, TX | $646,031,520 | $469,355,522 |
Shannon Medical Center San Angelo, TX | $508,828,126 | $575,714,031 |
St Vincent Hospital Santa Fe, NM | $723,865,521 | $490,943,135 |