Central Peninsula General Hospital Inc
- Assets
- $288.3m
- Revenue
- $542.9m
- Investments
- $500.0k
- Employees
- 1,290
- Location
- Soldotna, AK
- Founding
- 08/1994
- Data as of
- 06/2022
- EIN
- 92-0077523
Organization Overview
Central Peninsula General Hospital Inc, operating under the name Central Peninsula Hospital, is located in Soldotna, AK. The organization was established in 1994. 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, Central Peninsula Hospital employed 1,290 individuals. This organization is the central organization for a national or regional group of organizations. Central Peninsula Hospital 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, Central Peninsula Hospital generated $542.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $520.5m during the year ending 06/2022. While expenses have increased by 8.8% 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 2015, Central Peninsula Hospital has awarded 55 individual grants totaling $846,645. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE A COMMUNITY INITIATED AND COMMUNITY NURTURED ORGANIZATION DEDICATED TO PROMOTING WELLNESS AND PROVIDING HIGH QUALITY HEALTH CARE THAT ENSURES THE CONFIDENCE AND LOYALTY OF OUR PATIENTS. WE STRIVE TO IMPROVE INDIVIDUAL AND COMMUNITY HEALTH AND ACHIEVE NATIONAL STANDARDS OF EXCELLENCE.
Describe the Organization's Program Activity:
OUR 49 BED HOSPITAL PROVIDED PATIENT AND ANCILLARY SERVICES TO 2,602 INPATIENTS AND 166,021 OUTPATIENTS DURING THE 2021 TAX YEAR. THE HOSPITAL PROVIDES EMERGENCY MEDICAL SERVICES REGARDLESS OF ABILITY TO PAY. EMERGENCY MEDICAL SERVICES WERE PROVIDED TO 17,438 INDIVIDUALS, AND 2,061 OF THOSE INDIVIDUALS WERE ADMITTED TO THE HOSPITAL. 4,575 SURGICAL PROCEDURES WERE PERFORMED IN THE HOSPITAL DURING THE TAX YEAR. THE IMAGING DEPARTMENT PERFORMED 52,320 PROCEDURES. 68,483 PHYSICAL THERAPY 15-MINUTE PROCEDURES WERE PROVIDED TO AREA RESIDENTS. DURING THE 2021 TAX YEAR, FREE MEDICAL SERVICES IN THE AMOUNT OF $7,853,209 (GROSS CHARGES) WERE PROVIDED TO PATIENTS ELIGIBLE FOR CHARITY CARE.
SKILLED NURSING AND LONG TERM CARE SERVICES WERE PROVIDED BY OUR 60 BED SKILLED NURSING FACILITY. HERITAGE PLACE PROVIDES HEALING AND COMPASSIONATE RESIDENTIAL CARE IN A HOME LIKE SETTING. TOTAL RESIDENT DAYS OF CARE FOR THE 2021 TAX YEAR WERE 18,340 DAYS. AN AVERAGE OF 50 RESIDENTS PER DAY WERE PROVIDED LONG TERM CARE AND NURSING. ANCILLARY SERVICES FOR RESIDENTS INCLUDED 3,835 THERAPY TREATMENTS.
THE HOSPITAL OPERATES 12 FAMILY AND SPECIALTY PHYSICIAN SERVICES CLINICS PROVIDING CARE IN THE FOLLOWING AREAS: FAMILY MEDICINE, PEDIATRICS, NEUROLOGY, SURGERY, UROLOGY, PODIATRY, INTERNAL MEDICINE, WOMEN'S HEALTH, ORTHOPEDICS, ONCOLOGY, PAIN MANAGEMENT, AND OUTPATIENT SUBSTANCE ABUSE TREATMENT. DURING THE 2021 TAX YEAR PHYSICIAN AND SPECIALTY SERVICES WERE PROVIDED FOR 44,341 VISITS. THE URGENT CARE CLINIC WHICH BEGAN OPERATIONS IN TAX YEAR 2020 TO PROVIDE FOR EMERGENT CARE VISITS OUTSIDE OF THE HOSPITAL HAD 6,954 VISITS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Reyes Orthopedic Surgeon | 40 | $1,398,527 | |
Darren Mullins Oncologist | 40 | $1,169,749 | |
Robert Cadoff Urologist | 40 | $1,046,130 | |
Gregory Hough Surgeon | 40 | $867,721 | |
David King Surgeon | 40 | $869,469 | |
Gregg Motonaga Anesthesiologist/board Member | Trustee | 44 | $852,617 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Llc Dba Focusone Solutions Llc Contract Labor Provider | 6/29/22 | $1,858,131 |
Alaska Hospitalist Group Llc Physician Services - Hospitalist | 6/29/22 | $1,194,475 |
David Rankine Physician Contractor | 6/29/22 | $456,795 |
Chg Companies Inc Dba Comphealth Contract Labor Provider | 6/29/22 | $190,222 |
Derek Leichliter Dba Legacy Electric Llc Electrical Contractor | 6/29/22 | $157,572 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $30,203 |
| Government grants | $1,972,376 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,122,123 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,124,702 |
| Total Program Service Revenue | $527,906,761 |
| Investment income | $191,332 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,462 |
| 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 | $426,865 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $542,948,022 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $94,600 |
| 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. | $8,406,713 |
| Compensation of current officers, directors, key employees. | $2,998,290 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,651,165 |
| Pension plan accruals and contributions | $2,264,592 |
| Other employee benefits | $17,571,165 |
| Payroll taxes | $5,597,235 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150,046 |
| Fees for services: Accounting | $119,977 |
| Fees for services: Lobbying | $14,595 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,760,801 |
| Advertising and promotion | $181,640 |
| Office expenses | $659,277 |
| Information technology | $9,283,179 |
| Royalties | $0 |
| Occupancy | $3,216,009 |
| Travel | $70,559 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $345,296 |
| Interest | $1,707,501 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,213,350 |
| Insurance | $664,731 |
| All other expenses | $44,961,244 |
| Total functional expenses | $520,519,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,854,334 |
| Savings and temporary cash investments | $4,179,194 |
| Pledges and grants receivable | $207,870 |
| Accounts receivable, net | $32,919,187 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,040,421 |
| Prepaid expenses and deferred charges | $2,630,874 |
| Net Land, buildings, and equipment | $107,912,577 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $500,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $85,092,475 |
| Total assets | $288,336,932 |
| Accounts payable and accrued expenses | $17,830,996 |
| Grants payable | $0 |
| Deferred revenue | $2,583,500 |
| Tax-exempt bond liabilities | $52,488,943 |
| 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 | $4,239,323 |
| Total liabilities | $77,142,762 |
| Net assets without donor restrictions | $211,194,170 |
| 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 | $288,336,932 |
Grants Awarded
Over the last fiscal year, Central Peninsula General Hospital Inc has awarded $84,600 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
KENAI PENINSULA FOOD BANK PURPOSE: Soup Supper sponsorship and 'It's Scary to be Hungry' donation | $13,500 |
HOSPICE OF THE CENTRAL PENINSULA INC PURPOSE: Bereavement Program and Root Beer Fun Run sponsorship | $36,000 |
AMERICAN CANCER SOCIETY INC PURPOSE: Hooked on a Cure and Relay for Life sponsorships | $11,000 |
BRIDGES COMMUNITY RESOURCE NETWORK PURPOSE: Imagination Library Program, DKM Alaskan Swimmer, Golf Tournament, and Kenai River Disc Golf Club sponsorship | $6,600 |
ASHNHA PURPOSE: FY22 and FY23 conference sponsorship | $10,000 |
KENAI WATERSHED FORUM PURPOSE: 2021 Salmon Run Series sponsorship | $7,500 |