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Nonprofiteer
← SHELBY COUNTY HEALTH CARE CORPORATION

Form 990 for tax year 2024

Filed by SHELBY COUNTY HEALTH CARE CORPORATION.

Totals

Total revenue
$809,133,452
Total expenses
$811,350,332
Contributions and grants received
$33,904,759
Grants paid
$8,000
Program service revenue
$669,457,621
Investment income
$2,085,738
Other revenue
$103,685,334
Total assets, end of year
$378,661,046
Total liabilities, end of year
$239,121,548
Net assets or fund balances, end of year
$139,539,498
Program services expenses (Part IX)
$770,512,733
Management and general expenses
$39,670,246
Fundraising expenses
$1,167,353
Program service expenses (Part III)
$770,512,733

Program services were 95.0% 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.

  • 1d · Related organizations

    $2,525,217

  • 1e · Government grants (contributions)

    $31,194,543

  • 1f · All other contributions, gifts and grants

    $184,999

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

    total $669,457,621 · related or exempt $669,457,621

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $2,085,738 · excluded $2,085,738

  • 6a · Gross rents

    real property $266,128

  • 6b · Less rental expenses

    real property $118,593

  • 6c · Rental income or loss

    real property $147,535 · personal property $0

  • 6d · Net rental income or loss

    total $147,535 · related or exempt $147,535

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Outpatient Pharmacy

    total $102,076,177 · related or exempt $102,076,177

  • 11d · All other revenue

    total $1,461,622 · related or exempt $1,461,622 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $103,537,799

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 $1,907,462 · program services $672,319 · management and general $1,235,143

  • 7 · Other salaries and wages

    total $240,544,953 · program services $216,387,704 · management and general $23,299,638 · fundraising $857,611

  • 8 · Pension plan contributions

    total $4,675,301 · program services $4,185,650 · management and general $473,113 · fundraising $16,538

  • 9 · Other employee benefits

    total $24,805,131 · program services $22,207,253 · management and general $2,510,136 · fundraising $87,742

  • 10 · Payroll taxes

    total $17,392,834 · program services $15,571,257 · management and general $1,760,054 · fundraising $61,523

  • 11a · Fees: management

    total $10,045,785 · program services $693,549 · management and general $9,208,297 · fundraising $143,939

  • 11b · Fees: legal

    total $931,653 · program services $756,293 · management and general $175,360

  • 11c · Fees: accounting

    total $456,345 · management and general $456,345

  • 11d · Fees: lobbying

    total $552,160 · management and general $552,160

  • 11g · Fees: other

    total $150,913,829 · program services $150,913,829 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $1,699,907 · program services $1,699,907

  • 13 · Office expenses

    total $578,246 · program services $578,246

  • 14 · Information technology

    total $13,357,162 · program services $13,357,162

  • 16 · Occupancy

    total $25,266,113 · program services $25,266,113

  • 17 · Travel

    total $388,309 · program services $388,309

  • 19 · Conferences, conventions and meetings

    total $483,902 · program services $483,902

  • 20 · Interest

    total $3,757,861 · program services $3,757,861

  • 22 · Depreciation, depletion and amortization

    total $23,066,703 · program services $23,066,703

  • 23 · Insurance

    total $3,039,328 · program services $3,039,328

  • 24a · Other expenses: Medical Supplies

    total $246,017,749 · program services $246,017,749

  • 24e · All other expenses

    total $41,461,599 · program services $41,461,599 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $40,129,465 · end of year $6,349,153

  • 2 · Savings and temporary cash investments

    beginning of year $347,764 · end of year $21,516,723

  • 3 · Pledges and grants receivable

    beginning of year $725,630 · end of year $1,737,459

  • 4 · Accounts receivable

    beginning of year $124,268,080 · end of year $158,966,618

  • 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

  • 8 · Inventories for sale or use

    beginning of year $9,211,420 · end of year $8,629,729

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,809,595 · end of year $5,459,602

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

    $574,870,771

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

    $481,950,538

  • 10c · Land, buildings and equipment, net

    beginning of year $90,692,272 · end of year $92,920,233

  • 11 · Investments: publicly traded securities

    beginning of year $44,293,073 · end of year $47,892,718

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $33,060,264 · end of year $35,188,811

  • 17 · Accounts payable and accrued expenses

    beginning of year $119,062,891 · end of year $130,841,292

  • 19 · Deferred revenue

    beginning of year $2,047,440 · end of year $3,430,279

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $80,964,688 · end of year $104,849,977

  • 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 $126,462,954 · end of year $119,539,908

Mission and programs · 2024

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 2025, there were: 15,117 discharges; 1,769 normal newborn discharges; 1,189 high risk newborn discharges; 183,580 outpatient visits; 10,603 trauma visits; and 41,350 other emergency room visits.

    Expenses $770,512,733 · Grants $8,000 · Revenue $773,142,955

As filed on the 2024 return.

Listed in Part VII

  • Carl Carter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Claudette Shephard

    Director

    Total calculated
    $0
    Hours/week
    1

  • Danielle Crawford

    Director

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Low

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ephie Johnson

    Director

    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

  • Raaj Kurapati

    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

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Timothy Fabian

    Director

    Total calculated
    $0
    Hours/week
    1

  • James Proctor

    Sr. VP and CFO

    Total calculated
    $695,896
    From this org
    $572,661
    From related orgs
    $0
    Other
    $123,235
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $471,357
    Bonus
    $98,923
    Other
    $2,381
    Deferred
    $88,621
    Nontaxable benefits
    $34,614
    Filer's total
    $695,896

  • Reginald Coopwood

    President and CEO

    Total calculated
    $1,615,714
    From this org
    $1,334,801
    From related orgs
    $0
    Other
    $280,913
    Hours/week
    40 + 11 related

    Schedule J breakdown matched by us

    Base
    $1,065,431
    Bonus
    $216,840
    Other
    $52,530
    Deferred
    $237,104
    Nontaxable benefits
    $43,809
    Filer's total
    $1,615,714

  • Imad Abdullah

    Sr. VP. Chief Legal Counsel

    Total calculated
    $595,737
    From this org
    $515,392
    From related orgs
    $0
    Other
    $80,345
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $399,122
    Bonus
    $99,075
    Other
    $17,195
    Deferred
    $47,236
    Nontaxable benefits
    $33,109
    Filer's total
    $595,737

  • Leticia Towns

    Chief Administrative Officer

    Total calculated
    $652,564
    From this org
    $553,889
    From related orgs
    $0
    Other
    $98,675
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $425,565
    Bonus
    $105,300
    Other
    $23,024
    Deferred
    $62,828
    Nontaxable benefits
    $35,847
    Filer's total
    $652,564

  • Manoucheka Thermitus

    Chief Operating Officer

    Total calculated
    $580,337
    From this org
    $497,523
    From related orgs
    $0
    Other
    $82,814
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $416,343
    Bonus
    $62,430
    Other
    $18,750
    Deferred
    $46,572
    Nontaxable benefits
    $36,242
    Filer's total
    $580,337

  • Martin Croce

    Sr. VP. Chief Medical Officer

    Total calculated
    $810,434
    From this org
    $691,121
    From related orgs
    $0
    Other
    $119,313
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $548,912
    Bonus
    $123,298
    Other
    $18,911
    Deferred
    $88,813
    Nontaxable benefits
    $30,500
    Filer's total
    $810,434

  • William Kim

    Sr. VP. Chief Information Officer

    Total calculated
    $553,479
    From this org
    $447,314
    From related orgs
    $0
    Other
    $106,165
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $344,168
    Bonus
    $85,542
    Other
    $17,604
    Deferred
    $62,328
    Nontaxable benefits
    $43,837
    Filer's total
    $553,479

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 $237,104; Martin Croce received $58,313; Leticia Towns received $58,566; Imad Abdullah received $47,236; Jim Proctor received $63,344; Manoucheka Thermitus received $46,572; William Kim received $40,878.

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.

  • Regional Med Extended Care Hospital LLC

    Long term acute care hospital · TN · income $11,810,249 · assets $7,803,071

    Directly controlled by Shelby County Health Care Corporation

  • REGIONAL ONE HEALTH RESEARCH Institute LLC

    Research · TN · income $224,272 · assets $93,387

    Directly controlled by Shelby County Health Care Corporation

  • Main Street Holdings LLC

    Holding Company · TN · income $31,874 · assets $2,302,119

    Directly controlled by Shelby County Health Care Corporation

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 $300,000 · controlled entity

    Directly controlled by Shelby County Health Care Corporation

Provenance

Return type
form_990
Tax year
2024
Filed
5 May 2026
IRS schema version
2024v5.1
Source object
202621259349302667

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