Form 990 for tax year 2022
Filed by THE MEDICAL CENTER AT FRANKLIN INC.
Totals
- Total revenue
- $32,832,568
- Total expenses
- $28,258,568
- Contributions and grants received
- $583,137
- Grants paid
- $0
- Program service revenue
- $33,157,754
- Investment income
- -$1,057,702
- Other revenue
- $149,379
- Total assets, end of year
- $38,011,490
- Total liabilities, end of year
- $4,249,269
- Net assets or fund balances, end of year
- $33,762,221
- Program services expenses (Part IX)
- $24,487,897
- Management and general expenses
- $3,770,671
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $24,487,897
Program services were 86.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$573,066
-
1f · All other contributions, gifts and grants
$10,071
-
2a · Program service revenue: OUTPATIENT SERVICES
total $26,241,270 · related or exempt $26,241,270
-
2b · Program service revenue: INPATIENT ROUTINE AND ANCILLARY SERVICES
total $6,916,484 · related or exempt $6,916,484
-
3 · Investment income
total $361,557 · excluded $361,557
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $228,847
-
6b · Less rental expenses
real property $205,589
-
6c · Rental income or loss
real property $23,258 · personal property $0
-
6d · Net rental income or loss
total $23,258 · excluded $23,258
-
7a · Gross sales of assets other than inventory
securities $14,068,204 · other assets $19,995
-
7b · Less cost or other basis and sales expenses
securities $15,481,962 · other assets $25,496
-
7c · Gain or loss
securities -$1,413,758 · other assets -$5,501
-
7d · Net gain or loss
total -$1,419,259 · excluded -$1,419,259
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: FOOD SERVICES
total $57,727 · excluded $57,727
-
11b · Other revenue: MISCELLANEOUS REVENUE
total $68,394 · excluded $68,394
-
11e · Other revenue, total
$126,121
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $223,679 · management and general $223,679
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $7,538,203 · program services $7,157,335 · management and general $380,868
-
8 · Pension plan contributions
total $307,719 · program services $283,752 · management and general $23,967
-
9 · Other employee benefits
total $1,324,799 · program services $1,221,626 · management and general $103,173
-
10 · Payroll taxes
total $566,402 · program services $521,980 · management and general $44,422
-
11a · Fees: management
total $1,649,273 · program services $452,196 · management and general $1,197,077
-
11b · Fees: legal
total $54,458 · management and general $54,458
-
11c · Fees: accounting
total $58,173 · management and general $58,173
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $30,523 · management and general $30,523
-
11g · Fees: other
total $4,228,747 · program services $3,433,628 · management and general $795,119
-
12 · Advertising and promotion
total $55,644 · program services $7,453 · management and general $48,191
-
13 · Office expenses
total $2,354,952 · program services $1,797,986 · management and general $556,966
-
14 · Information technology
total $304,075 · program services $304,075
-
15 · Royalties
total $0
-
16 · Occupancy
total $625,172 · program services $625,172
-
17 · Travel
total $15,934 · program services $12,397 · management and general $3,537
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,067,689 · program services $844,861 · management and general $222,828
-
23 · Insurance
total $179,103 · program services $173,380 · management and general $5,723
-
24a · Other expenses: MEDICAL SUPPLIES
total $6,369,516 · program services $6,369,516
-
24b · Other expenses: PHYSICIAN PRACTICE EXPENSE
total $974,272 · program services $974,272
-
24c · Other expenses: TAXES & LICENSES
total $223,426 · program services $223,426
-
24d · Other expenses: PATIENT TRANSPORT
total $82,813 · program services $82,813
-
24e · All other expenses
total $23,996 · program services $2,029 · management and general $21,967
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,534,434 · end of year $7,003,894
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $3,425,007 · end of year $3,395,823
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $780,983 · end of year $1,099,673
-
9 · Prepaid expenses and deferred charges
beginning of year $259,195 · end of year $323,082
-
10a · Land, buildings and equipment: cost or other basis
$32,926,068
-
10b · Land, buildings and equipment: accumulated depreciation
$23,725,020
-
10c · Land, buildings and equipment, net
beginning of year $9,561,953 · end of year $9,201,048
-
11 · Investments: publicly traded securities
beginning of year $20,145,483 · end of year $16,987,970
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $210,204 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $3,391,975 · end of year $2,453,814
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $3,078,718 · end of year $1,795,455
-
27 · Net assets without donor restrictions
beginning of year $34,446,566 · end of year $33,762,221
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
THE CORPORATE MISSION IS TO CARE FOR PEOPLE AND IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE.
Activities or mission (Part I)
OUR MISSION IS TO CARE FOR PEOPLE AND IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE.
-
OUTPATIENT SERVICES: THE MEDICAL CENTER AT FRANKLIN (MCF) IS RECOGNIZED BY MEDICARE AS A CRITICAL ACCESS HOSPITAL. THE HOSPITAL SERVES THE COMMUNITY BY PROVIDING CERTAIN OUTPATIENT SERVICES, INCLUDING AN EMERGENCY DEPARTMENT, BY OR UNDER THE SUPERVISION OF PHYSICIANS, DIAGNOSTIC AND THERAPEUTIC SERVICES FOR MEDICAL DIAGNOSIS, TREATMENT, CARE, OR REHABILITATION OF INJURED, DISABLED, OR SICK PERSONS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
Expenses $19,309,262 · Revenue $26,241,270
-
INPATIENT SERVICES: MCF IS ENGAGED IN PROVIDING INPATIENT SERVICES TO BOTH ACUTE CARE BEDS AND SWING BEDS BY OR UNDER THE SUPERVISION OF PHYSICIANS, DIAGNOSTIC, AND THERAPEUTIC SERVICES FOR MEDICAL DIAGNOSIS, TREATMENT, CARE, OR REHABILITATION OF INJURED, DISABLED, OR SICK PERSONS.
Expenses $5,178,635 · Revenue $6,916,484
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ms Connie D SmithMS CONNIE D SMITH
PRESIDENT & CEO
- Total calculated
- $1,306,184
- From this org
- $0
- From related orgs
- $1,285,993
- Other
- $20,191
- Hours/week
- 2 + 52 related
Schedule J breakdown matched by us
- Base
- $0 + $992,844 related
- Bonus
- $0
- Other
- $0 + $293,149 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $20,191 related
- Filer's total
- $0 + $1,306,184 related
-
Dr Brad MorrisDR BRAD MORRIS
DIRECTOR
- Total calculated
- $693,980
- From this org
- $0
- From related orgs
- $664,689
- Other
- $29,291
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $663,255 related
- Bonus
- $0
- Other
- $0 + $1,434 related
- Deferred
- $0 + $9,150 related
- Nontaxable benefits
- $0 + $20,141 related
- Filer's total
- $0 + $693,980 related
-
Mr Wade StoneMR WADE STONE
EXECUTIVE VICE PRESIDENT
- Total calculated
- $521,137
- From this org
- $0
- From related orgs
- $501,132
- Other
- $20,005
- Hours/week
- 2 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $471,203 related
- Bonus
- $0
- Other
- $0 + $29,929 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $20,005 related
- Filer's total
- $0 + $521,137 related
-
Mr David GrayMR DAVID GRAY
EXECUTIVE VICE PRESIDENT
- Total calculated
- $429,151
- From this org
- $0
- From related orgs
- $385,152
- Other
- $43,999
- Hours/week
- 2 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $376,518 related
- Bonus
- $0
- Other
- $0 + $8,634 related
- Deferred
- $0 + $9,150 related
- Nontaxable benefits
- $0 + $34,849 related
- Filer's total
- $0 + $429,151 related
-
Ms Michele W LawlessMS MICHELE W LAWLESS
EXECUTIVE VICE PRESIDENT & CFO
- Total calculated
- $425,240
- From this org
- $0
- From related orgs
- $421,749
- Other
- $3,491
- Hours/week
- 2 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $415,047 related
- Bonus
- $0
- Other
- $0 + $6,702 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $3,491 related
- Filer's total
- $0 + $425,240 related
-
Mr Eric HaganMR ERIC HAGAN
VP OF RURAL HOSPITALS
- Total calculated
- $316,010
- From this org
- $29,605
- From related orgs
- $266,447
- Other
- $19,958
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- $28,911 + $260,201 related
- Bonus
- $0
- Other
- $694 + $6,246 related
- Deferred
- $0
- Nontaxable benefits
- $1,996 + $17,962 related
- Filer's total
- $31,601 + $284,409 related
-
Ms Katrina WoodMS KATRINA WOOD
VP/CHIEF NURSING OFFICER
- Total calculated
- $254,718
- From this org
- $0
- From related orgs
- $219,378
- Other
- $35,340
- Hours/week
- 2 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $216,316 related
- Bonus
- $0
- Other
- $0 + $3,062 related
- Deferred
- $0 + $5,519 related
- Nontaxable benefits
- $0 + $29,821 related
- Filer's total
- $0 + $254,718 related
-
Ms Annette RunyonMS ANNETTE RUNYON
VICE PRESIDENT/ADMINISTRATOR
- Total calculated
- $192,078
- From this org
- $187,032
- From related orgs
- $0
- Other
- $5,046
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,661
- Bonus
- $0
- Other
- $4,371
- Deferred
- $4,578
- Nontaxable benefits
- $468
- Filer's total
- $192,078
-
Mr Corey O'NanMR COREY O'NAN
PHARMACY MANAGER
- Total calculated
- $170,438
- From this org
- $145,458
- From related orgs
- $0
- Other
- $24,980
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,479
- Bonus
- $0
- Other
- $1,979
- Deferred
- $4,447
- Nontaxable benefits
- $20,533
- Filer's total
- $170,438
-
Ms Brandice JerniganMS BRANDICE JERNIGAN
DIRECTOR OF PATIENT CARE SRVS
- Total calculated
- $148,029
- From this org
- $129,671
- From related orgs
- $0
- Other
- $18,358
- Hours/week
- 40
-
Ms Monica BlairMS MONICA BLAIR
APRN
- Total calculated
- $132,840
- From this org
- $119,119
- From related orgs
- $0
- Other
- $13,721
- Hours/week
- 40
-
Mr Ratsamy NamvongMR RATSAMY NAMVONG
CERT. RESPIRATORY THERAPIST
- Total calculated
- $129,497
- From this org
- $112,199
- From related orgs
- $0
- Other
- $17,298
- Hours/week
- 36
-
Mr Tommy HolderfieldMR TOMMY HOLDERFIELD
CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Mr Gary BroadyMR GARY BROADY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Ms Beverly BorenMS BEVERLY BOREN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Ms Cheri NatcherMS CHERI NATCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Mr Michael Steve ThurmondMR MICHAEL STEVE THURMOND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mr Brad OdilMR BRAD ODIL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 3
- ----------------------------- THE CEO IS COMPENSATED BY COMMONWEALTH HEALTH CORPORATION (CHC), A RELATED ORGANIZATION. CHC USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
- SCHEDULE J, PART I, LINE 4B
- ------------------------------ CERTAIN EXCECUTIVES OF COMMONWEALTH HEALTH CORPORATION PARTICIPATED IN SUPPLEMENTAL RETIREMENT PLAN. THE CURRENT YEAR INCREASE IN THE ACCRUED BENEFIT, AS ACTUARIALLY DETERMINED, IS REPORTED AS COMPENSATION. THE FOLLOWING ARE THE INDIVIDUALS PARTICIPATING IN THE PLAN AND THE CURRENT YEAR INCREASES REPORTED AS COMPENSATION: CONNIE SMITH $274,682 WADE STONE $ 27,694
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
BOWLING GREEN-WARREN CTY COMM HOSP CORP
501(C)(3) · HOSPITAL · KY
Directly controlled by CHC INC
-
COMMONWEALTH HEALTH FREE CLINIC
501(C)(3) · HEALTH CARE · KY
Directly controlled by CHC INC
-
COMMONWEALTH HEALTH CORPORATION
501(C)(3) · SUPPORT · KY
Directly controlled by NA
-
COMMONWEALTH REGIONAL SPECIALTY HOSPITAL
501(C)(3) · HOSPITAL · KY
Directly controlled by CHC INC
-
COMMONWEALTH HEALTH FOUNDATION INC
501(C)(3) · SUPPORT · KY
Directly controlled by CHC INC
-
501(C)(3) · HOSPITAL · KY
Directly controlled by CHC INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
MEDICAL PLAZA PARTNERS LTD
NONE · REAL ESTATE · KY · share of income $0 · share of assets $0
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440459349300129
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