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Nonprofiteer
← SHELBY COUNTY HEALTH CARE CORPORATION

Form 990 for tax year 2023

Filed by SHELBY COUNTY HEALTH CARE CORPORATION.

Totals

Total revenue
$766,757,635
Total expenses
$766,099,314
Contributions and grants received
$43,579,383
Grants paid
$8,000
Program service revenue
$612,729,545
Investment income
$1,652,728
Other revenue
$108,795,979
Total assets, end of year
$348,537,563
Total liabilities, end of year
$202,075,019
Net assets or fund balances, end of year
$146,462,544
Program services expenses (Part IX)
$729,615,014
Management and general expenses
$35,412,962
Fundraising expenses
$1,071,338
Program service expenses (Part III)
$729,615,014

Program services were 95.2% 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)

    $43,579,383

  • 2a · Program service revenue: Net Patient Service Revenue

    total $612,729,545 · related or exempt $612,729,545

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,652,728 · excluded $1,652,728

  • 6a · Gross rents

    real property $142,161

  • 6b · Less rental expenses

    real property $67,405

  • 6c · Rental income or loss

    real property $74,756 · personal property $0

  • 6d · Net rental income or loss

    total $74,756 · related or exempt $74,756

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Outpatient Pharmacy

    total $106,614,689 · related or exempt $106,614,689

  • 11d · All other revenue

    total $2,106,534 · related or exempt $2,106,534 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $108,721,223

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,000 · program services $8,000

  • 5 · Compensation of officers, directors and key employees

    total $1,773,238 · program services $625,010 · management and general $1,148,228

  • 7 · Other salaries and wages

    total $233,912,456 · program services $210,376,981 · management and general $22,701,799 · fundraising $833,676

  • 8 · Pension plan contributions

    total $4,007,815 · program services $3,588,070 · management and general $405,568 · fundraising $14,177

  • 9 · Other employee benefits

    total $18,395,435 · program services $16,468,854 · management and general $1,861,512 · fundraising $65,069

  • 10 · Payroll taxes

    total $16,070,744 · program services $14,387,632 · management and general $1,626,266 · fundraising $56,846

  • 11a · Fees: management

    total $7,088,795 · program services $489,402 · management and general $6,497,823 · fundraising $101,570

  • 11b · Fees: legal

    total $761,430 · program services $618,110 · management and general $143,320

  • 11c · Fees: accounting

    total $492,571 · management and general $492,571

  • 11d · Fees: lobbying

    total $535,875 · management and general $535,875

  • 11g · Fees: other

    total $141,451,212 · program services $141,451,212 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $1,226,285 · program services $1,226,285

  • 13 · Office expenses

    total $539,728 · program services $539,728

  • 14 · Information technology

    total $11,631,306 · program services $11,631,306

  • 16 · Occupancy

    total $24,496,440 · program services $24,496,440

  • 17 · Travel

    total $377,041 · program services $377,041

  • 19 · Conferences, conventions and meetings

    total $214,321 · program services $214,321

  • 20 · Interest

    total $3,554,207 · program services $3,554,207

  • 22 · Depreciation, depletion and amortization

    total $22,520,736 · program services $22,520,736

  • 23 · Insurance

    total $2,123,794 · program services $2,123,794

  • 24a · Other expenses: Medical Supplies

    total $229,594,972 · program services $229,594,972

  • 24e · All other expenses

    total $45,322,913 · program services $45,322,913 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $31,655,205 · end of year $40,129,465

  • 2 · Savings and temporary cash investments

    beginning of year $341,105 · end of year $347,764

  • 3 · Pledges and grants receivable

    beginning of year $725,837 · end of year $725,630

  • 4 · Accounts receivable

    beginning of year $159,090,746 · end of year $124,268,080

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $10,044,354 · end of year $9,211,420

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,636,373 · end of year $5,809,595

  • 10a · Land, buildings and equipment: cost or other basis

    $553,799,399

  • 10b · Land, buildings and equipment: accumulated depreciation

    $463,107,127

  • 10c · Land, buildings and equipment, net

    beginning of year $75,379,597 · end of year $90,692,272

  • 11 · Investments: publicly traded securities

    beginning of year $50,685,775 · end of year $44,293,073

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $32,965,501 · end of year $33,060,264

  • 17 · Accounts payable and accrued expenses

    beginning of year $96,199,353 · end of year $119,062,891

  • 19 · Deferred revenue

    beginning of year $2,014,030 · end of year $2,047,440

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $79,025,756 · end of year $80,964,688

  • 29 · Capital stock, trust principal or current funds

    beginning of year $19,999,590 · end of year $19,999,590

  • 31 · Retained earnings, endowment or other funds

    beginning of year $171,285,764 · end of year $126,462,954

Mission and programs · 2023

Mission

Regional One Health's mission is to improve the health and well-being of the people we serve by providing compassionate care and exceptional services.

Activities or mission (Part I)

Healthcare delivery operating a public charity hospital providing inpatient and outpatient services.

  • Shelby County Health Care Corporation, dba Regional One Health, is a healthcare organization providing accessible, efficient quality healthcare to individuals from a five-state region within 150 miles of the Memphis area. Regional One Health provides access to the only Level I trauma center to patients within 150 miles of Memphis, and is the safety net to the region. Providing inpatient and outpatient services, Regional One Health is anchored by five highly respected Centers of Excellence: Trauma, Burn, Wound Care, Neonatal/Perinatal and High Risk Obstetrics. Regional One Health is a major teaching site for the University of Tennessee Health Sciences Center, training more than half of the doctors in Tennessee. In fiscal year 2024, there were: 15,389 discharges; 1,891 normal newborn discharges; 1,003 high risk newborn discharges; 182,594 outpatient visits; 12,224 trauma visits; and 39,249 other emergency room visits.

    Expenses $729,615,014 · Grants $8,000 · Revenue $721,525,524

As filed on the 2023 return.

Listed in Part VII

  • Carl Carter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Claudette Shephard

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Popwell

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Ephie Johnson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joshua Lipman

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Julia Kavanagh

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kevin Bradshaw

    Director

    Total calculated
    $0
    Hours/week
    1

  • Miska Clay-Bibbs

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paul Morris

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paul Wesolowski

    Director

    Total calculated
    $0
    Hours/week
    1

  • Reginald Milton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ronald Coleman

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Scot Lenoir

    Director

    Total calculated
    $0
    Hours/week
    1

  • Timothy Fabian

    Director

    Total calculated
    $0
    Hours/week
    1

  • James Proctor

    Sr. VP and CFO

    Total calculated
    $660,598
    From this org
    $543,172
    From related orgs
    $0
    Other
    $117,426
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $453,923
    Bonus
    $62,880
    Other
    $26,369
    Deferred
    $80,888
    Nontaxable benefits
    $36,538
    Filer's total
    $660,598

  • Reginald Coopwood

    President and CEO

    Total calculated
    $1,460,782
    From this org
    $1,230,066
    From related orgs
    $0
    Other
    $230,716
    Hours/week
    40 + 9 related

    Schedule J breakdown matched by us

    Base
    $982,820
    Bonus
    $196,431
    Other
    $50,815
    Deferred
    $188,830
    Nontaxable benefits
    $41,886
    Filer's total
    $1,460,782

  • Imad Abdullah

    Sr. VP. Chief Legal Counsel

    Total calculated
    $598,827
    From this org
    $502,804
    From related orgs
    $0
    Other
    $96,023
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $390,573
    Bonus
    $60,000
    Other
    $52,231
    Deferred
    $64,096
    Nontaxable benefits
    $31,927
    Filer's total
    $598,827

  • Leticia Towns

    Chief Administrative Officer

    Total calculated
    $633,912
    From this org
    $530,449
    From related orgs
    $0
    Other
    $103,463
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $415,416
    Bonus
    $60,422
    Other
    $54,611
    Deferred
    $68,648
    Nontaxable benefits
    $34,815
    Filer's total
    $633,912

  • Manoucheka Thermitus

    Chief Operating Officer

    Total calculated
    $561,065
    From this org
    $466,373
    From related orgs
    $0
    Other
    $94,692
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $403,751
    Bonus
    $61,215
    Other
    $1,407
    Deferred
    $60,365
    Nontaxable benefits
    $34,327
    Filer's total
    $561,065

  • Martin Croce

    Sr. VP. Chief Medical Officer

    Total calculated
    $792,059
    From this org
    $672,708
    From related orgs
    $0
    Other
    $119,351
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $538,204
    Bonus
    $69,337
    Other
    $65,167
    Deferred
    $89,351
    Nontaxable benefits
    $30,000
    Filer's total
    $792,059

  • William Kim

    Sr. VP. Chief Information Officer

    Total calculated
    $549,981
    From this org
    $429,243
    From related orgs
    $0
    Other
    $120,738
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $333,403
    Bonus
    $48,292
    Other
    $47,548
    Deferred
    $77,591
    Nontaxable benefits
    $43,147
    Filer's total
    $549,981

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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 4b Supplemental nonqualified retirement plan
A number of individuals listed in Schedule J participated in a SERP plan during the year and received SERP benefits as follows: Reginald Coopwood received $172,536; Martin Croce received $59,351; Leticia Towns received $58,738; Imad Abdullah received $47,802; Jim Proctor received $52,620; Manoucheka Thermitus received $44,071; and William Kim received $41,224.

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

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Regional One Properties Inc

    C Corporation · Holds title to and leases property · TN · 100% owned · share of income $0 · share of assets $3,497,896 · controlled entity

    Directly controlled by Shelby County Health Care Corporation

  • REGIONAL ONE HEALTH INNOVATIONS INC

    C Corporation · Marketing and Investing · TN · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by Shelby County Health Care Corporation

Provenance

Return type
form_990
Tax year
2023
Filed
5 May 2025
IRS schema version
2023v6.0
Source object
202541259349300629

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