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Nonprofiteer
← SWEETWATER HOSPITAL ASSOCIATION

Form 990 for tax year 2022

Filed by SWEETWATER HOSPITAL ASSOCIATION.

Totals

Total revenue
$65,468,142
Total expenses
$73,594,621
Contributions and grants received
$8,200
Grants paid
$0
Program service revenue
$66,441,654
Investment income
-$1,361,833
Other revenue
$380,121
Total assets, end of year
$98,045,099
Total liabilities, end of year
$12,272,771
Net assets or fund balances, end of year
$85,772,328
Program services expenses (Part IX)
$61,563,530
Management and general expenses
$12,031,091
Fundraising expenses
$0
Program service expenses (Part III)
$61,563,530

Program services were 83.7% 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.

  • 1f · All other contributions, gifts and grants

    $8,200

  • 2a · Program service revenue: NET PATIENT REVENUE

    total $66,441,654 · related or exempt $66,441,654

  • 3 · Investment income

    total $620,551 · excluded $620,551

  • 7b · Less cost or other basis and sales expenses

    other assets $1,982,384

  • 7c · Gain or loss

    other assets -$1,982,384

  • 7d · Net gain or loss

    total -$1,982,384 · excluded -$1,982,384

  • 11a · Other revenue: CAFETERIA SALES

    total $200,882 · excluded $200,882

  • 11b · Other revenue: GIFT SHOP SALES

    total $90,560 · excluded $90,560

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $72,509 · excluded $72,509

  • 11d · All other revenue

    total $16,170 · excluded $16,170

  • 11e · Other revenue, total

    $380,121

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $330,737 · management and general $330,737

  • 7 · Other salaries and wages

    total $23,425,727 · program services $19,865,678 · management and general $3,560,049

  • 8 · Pension plan contributions

    total $656,990 · program services $549,389 · management and general $107,601

  • 9 · Other employee benefits

    total $1,984,809 · program services $1,659,741 · management and general $325,068

  • 10 · Payroll taxes

    total $1,684,093 · program services $1,418,870 · management and general $265,223

  • 11b · Fees: legal

    total $173,952 · management and general $173,952

  • 11c · Fees: accounting

    total $109,175 · management and general $109,175

  • 11g · Fees: other

    total $7,262,412 · program services $5,934,684 · management and general $1,327,728

  • 13 · Office expenses

    total $541,558 · program services $660 · management and general $540,898

  • 16 · Occupancy

    total $1,397,695 · program services $1,210,301 · management and general $187,394

  • 19 · Conferences, conventions and meetings

    total $148,183 · program services $103,981 · management and general $44,202

  • 20 · Interest

    total $138,301 · management and general $138,301

  • 22 · Depreciation, depletion and amortization

    total $3,845,253 · management and general $3,845,253

  • 23 · Insurance

    total $406,610 · management and general $406,610

  • 24a · Other expenses: BAD DEBT

    total $10,908,006 · program services $10,908,006

  • 24b · Other expenses: FEE AND REGISTRATIONS

    total $10,392,246 · program services $10,217,827 · management and general $174,419

  • 24c · Other expenses: SUPPLIES AND RAW FOOD

    total $9,684,828 · program services $9,417,184 · management and general $267,644

  • 24d · Other expenses: LAUNDRY

    total $249,034 · program services $249,034

  • 24e · All other expenses

    total $255,012 · program services $28,175 · management and general $226,837

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26,548,406 · end of year $2,316,756

  • 2 · Savings and temporary cash investments

    beginning of year $2,558,767 · end of year $1,682,000

  • 4 · Accounts receivable

    beginning of year $6,994,854 · end of year $8,515,925

  • 7 · Other notes and loans receivable

    beginning of year $386,418 · end of year $362,810

  • 8 · Inventories for sale or use

    beginning of year $1,703,764 · end of year $2,657,119

  • 9 · Prepaid expenses and deferred charges

    beginning of year $236,335 · end of year $469,837

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

    $97,495,980

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

    $62,489,472

  • 10c · Land, buildings and equipment, net

    beginning of year $32,440,838 · end of year $35,006,508

  • 11 · Investments: publicly traded securities

    beginning of year $22,349,249 · end of year $45,879,643

  • 12 · Investments: other securities

    beginning of year $155,017 · end of year $155,017

  • 15 · Other assets

    beginning of year $2,190,574 · end of year $999,484

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,798,772 · end of year $6,466,642

  • 23 · Secured mortgages and notes payable

    beginning of year $147,893 · end of year $2,490,394

  • 25 · Other liabilities

    beginning of year $0 · end of year $3,315,735

  • 27 · Net assets without donor restrictions

    beginning of year $90,617,557 · end of year $85,772,328

Mission and programs · 2022

Mission

TO PROVIDE THE HIGHEST QUALITY OF MEDICAL CARE. TO CONTINUE OUR REPUTATION FOR HAVING HIGHLY KNOWLEDGEABLE AND TECHNICALLY SKILLED STAFF. TO PROVIDE OUTSTANDING PATIENT CARE IN STATE OF THE ART FACILITIES WITH GENUINE KINDNESS AND COMPASSION FOR OTHERS.

Activities or mission (Part I)

OUR MISSION IS TO PROVIDE THE HIGHEST QUALITY MEDICAL CARE AVAILABLE IN OUR SERVICE AREA WITHIN OUR SCOPE OF CARE.

  • SWEETWATER HOSPITAL ASSOCIATION HAS A STRONG FOUNDATION OF CARING AND EXCELLENCE THAT PROVIDES QUALITY PATIENT CARE. THROUGHOUT 2023, THE HOSPITAL ADVANCED ITS MISSION IN MANY WAYS. THE HOSPITAL WELCOMED MANY NEW PHYSICIANS, INCLUDING THOSE SPECIALIZING IN GENERAL SURGERY, FAMILY AND WOMEN'S HEALTH, INTERNAL MEDICINE AND OBSTETRICS. THE HOSPITAL RECENTLY UPGRADED ITS COMMUNICATION SYSTEM WHICH ALLOWS FOR BETTER COMMUNICATION BETWEEN PROVIDERS AND PATIENTS. THE HOSPITAL ALSO STARTED A NEW SURGICAL ROBOTICS PROGRAM TO ENHANCE THE PATIENT EXPERIENCE AND PROVIDE MANY BENEFITS INCLUDING; SHORTER HOSPITALIZATION, REDUCED PAIN AND DISCOMFORT, AND FASTER RECOVERY TIME.

    Expenses $61,563,530 · Revenue $66,441,654

As filed on the 2022 return.

Listed in Part VII

  • Doug Warren

    CHAIRMAN

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kenny Archer

    BOARD MEMBER

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Gary Kimsey

    BOARD MEMBER

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Tom Korn

    BOARD MEMBER

    Total calculated
    $1,700
    From this org
    $1,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John Carson

    BOARD MEMBER

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Pat Pennington

    BOARD MEMBER

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Barbara Watson

    BOARD MEMBER

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Dr Kenya Kozawa

    BOARD MEMBER, PHYSICIAN

    Total calculated
    $0
    Hours/week
    1

  • Dr Christopher Bowman

    BOARD MEMBER, PHYSICIAN

    Total calculated
    $543,638
    From this org
    $543,638
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $543,638
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $543,638

  • Dr Laurence James

    BOARD MEMBER, PHYSICIAN

    Total calculated
    $442,827
    From this org
    $442,827
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $442,827
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $442,827

  • Jim Fairweather

    BOARD MEMBER

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ian McFadden

    CEO

    Total calculated
    $350,222
    From this org
    $323,678
    From related orgs
    $0
    Other
    $26,544
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $267,016
    Bonus
    $27,500
    Other
    $29,162
    Deferred
    $12,081
    Nontaxable benefits
    $14,463
    Filer's total
    $350,222

  • John Dawson

    PHYSICIAN

    Total calculated
    $266,171
    From this org
    $248,793
    From related orgs
    $0
    Other
    $17,378
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,582
    Bonus
    $10,000
    Other
    $6,211
    Deferred
    $9,602
    Nontaxable benefits
    $7,776
    Filer's total
    $266,171

  • Patti Thompson

    PHARMACIST

    Total calculated
    $186,784
    From this org
    $172,292
    From related orgs
    $0
    Other
    $14,492
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,088
    Bonus
    $0
    Other
    $19,204
    Deferred
    $7,166
    Nontaxable benefits
    $7,326
    Filer's total
    $186,784

  • Melissa Harris

    COO

    Total calculated
    $184,550
    From this org
    $169,167
    From related orgs
    $0
    Other
    $15,383
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,333
    Bonus
    $7,000
    Other
    $25,834
    Deferred
    $6,705
    Nontaxable benefits
    $8,678
    Filer's total
    $184,550

  • Heather McDonald

    PHARMACIST

    Total calculated
    $162,900
    From this org
    $156,704
    From related orgs
    $0
    Other
    $6,196
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,238
    Bonus
    $0
    Other
    $6,466
    Deferred
    $6,196
    Nontaxable benefits
    $0
    Filer's total
    $162,900

  • Michael Reynolds

    CFO

    Total calculated
    $159,361
    From this org
    $147,917
    From related orgs
    $0
    Other
    $11,444
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,858
    Bonus
    $0
    Other
    $9,059
    Deferred
    $6,090
    Nontaxable benefits
    $5,354
    Filer's total
    $159,361

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

PART I, LINE 3
(A) BOARD SELECTED MEMBERS OF THE NOMINATING/COMPENSATION COMMITTEE ARE INVOLVED IN THE DECISION (B) COMPARABILITY DATA USED: US HOSPITAL SALARY SURVEY AND COMPARABLE ORGANIZATIONS FORM 990 (C) CEO

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.

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 corporations and trusts

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

  • IDEAL RENTAL COMPANY INC

    C · REAL ESTATE · TN · 100% owned · share of assets $15,928 · controlled entity

    Directly controlled by SWEETWATER HOSPITAL ASSOCIATION

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411359349308551

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