South Peninsula Hospital Inc
- Assets
- $113.2m
- Revenue
- $111.1m
- Investments
- $0.0
- Employees
- 603
- Location
- Homer, AK
- Founding
- 08/1972
- Data as of
- 06/2022
- EIN
- 92-0037099
Organization Overview
South Peninsula Hospital Inc is located in Homer, AK. The organization was established in 1972. 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 06/2022, South Peninsula Hospital Inc employed 603 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Peninsula 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 06/2022, South Peninsula Hospital Inc generated $111.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $106.1m during the year ending 06/2022. While expenses have increased by 7.1% per year over the past 7 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.
Since 2018, South Peninsula Hospital Inc has awarded 15 individual grants totaling $438,118. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOUTH PENINSULA HOSPITAL PROMOTES COMMUNITY HEALTH AND WELLNESS BY PROVIDING PERSONALIZED, HIGH-QUALITY, LOCALLY COORDINATED HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR 22 BED ACUTE CARE HOSPITAL PROVIDED INPATIENT SERVICES TO 840 PATIENTS FOR TOTAL PATIENT DAYS OF 3,867 DURING FY22. TOTAL OUTPATIENT VISITS FOR THE YEAR WERE 109,451 WHICH INCLUDES 5,180 EMERGENCY ROOM VISITS, 1,344 AMBULATORY SURGERY VISITS, AND OTHER OUTPATIENT SERVICES SUCH AS IMAGING, LABORATORY, PHYSICAL THERAPY, INFUSION, CHEMOTHERAPY, AND SLEEP LAB.
OUR HOME HEALTH DIVISION CARING FOR PATIENTS IN THE HOME PERFORMED 3,441 HOME VISITS DURING THE TAX YEAR.
THE HOSPITAL OPERATES SEVERAL PROVIDER BASED CLINICS WHICH INCLUDE FAMILY MEDICINE, ORTHOPEDICS, GENERAL SURGERY, NEUROLOGY, INTERNAL MEDICINE, MENTAL HEALTH, OBGYN, AND UROLOGY. THESE VARIOUS OUTPATIENT PROVIDER BASED CLINICS HAD 32,822 PATIENT VISITS DURING FY22.
THE HOSPITAL OPERATES A LONG TERM CARE FACILITY THAT PROVIDES SKILLED NURSING CARE TO AN AVERAGE OF 19 PATIENTS DAILY FOR A TOTAL OF 7,098 RESIDENT DAYS DURING FY22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Adcox Orthopaedic Surgeon | 40 | $1,527,125 | |
Edson Knapp Director And Radiologist | Trustee | 40 | $957,917 |
Todd Boling Director And General Surgeon | Trustee | 40 | $724,130 |
Ryan Smith CEO | Officer | 40 | $527,254 |
Miranda Marsh Crna | 40 | $406,108 | |
Christy Martinez Physician | 40 | $404,863 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Llc Temporary Contract Staffing | 6/29/22 | $3,768,489 |
Robert Lee Gear Iii Emergency Room Physician | 6/29/22 | $443,314 |
Innovative Employee Solutions Contract Staffing | 6/29/22 | $355,219 |
Comphealth Surgical Physician Services | 6/29/22 | $335,226 |
Peak Imaging Radiology Services | 6/29/22 | $316,839 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,689,619 |
| Government grants | $6,068,963 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,500 |
| Noncash contributions included in lines 1a–1f | $2,189,818 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,760,082 |
| Total Program Service Revenue | $99,822,840 |
| Investment income | -$155,225 |
| 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 | $111,103,111 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $144,829 |
| 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. | $3,460,580 |
| Compensation of current officers, directors, key employees. | $1,333,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,636,428 |
| Pension plan accruals and contributions | $2,006,570 |
| Other employee benefits | $14,698,599 |
| Payroll taxes | $3,037,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,472 |
| Fees for services: Accounting | $151,141 |
| Fees for services: Lobbying | $6,220 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,003,051 |
| Advertising and promotion | $112,393 |
| Office expenses | $14,204,487 |
| Information technology | $2,211,309 |
| Royalties | $0 |
| Occupancy | $1,902,595 |
| Travel | $149,809 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $402,378 |
| Interest | $510,810 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,959,367 |
| Insurance | $1,200,162 |
| All other expenses | $2,276,839 |
| Total functional expenses | $106,142,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,686 |
| Savings and temporary cash investments | $40,998,938 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,295,100 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,062,504 |
| Prepaid expenses and deferred charges | $760,219 |
| Net Land, buildings, and equipment | $41,028,730 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,445,559 |
| Other assets | $9,654,706 |
| Total assets | $113,248,442 |
| Accounts payable and accrued expenses | $15,745,077 |
| Grants payable | $0 |
| Deferred revenue | $647,712 |
| Tax-exempt bond liabilities | $9,000,373 |
| 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 | $25,393,162 |
| Net assets without donor restrictions | $87,795,935 |
| Net assets with donor restrictions | $59,345 |
| 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 | $113,248,442 |
Grants Awarded
Over the last fiscal year, South Peninsula Hospital Inc has awarded $144,829 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
G SQUARED LLC PURPOSE: Support for community MAPP program, mobilizing action through planning and partnerships, a coalition for health improvement on the peninsula. This program also supports All Things Recovery. | $84,829 |
HOSPICE OF HOMER PURPOSE: Support for the hospice program and community resource for DME and end of life care. | $40,000 |
KACHEMAK BAY FAMILY PLANNING PURPOSE: Support for private community STD testing. | $20,000 |