Floyd Memorial Hospital And Health Service in New Albany, Indiana (IN)

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Floyd Memorial Hospital And Health Service
Employer Identification Number (EIN)356031012
Name of OrganizationFloyd Memorial Hospital And Health Service
In Care of NamePayroll Department
Address1850 State St, New Albany, IN 47150-4990
ActivitiesHospital
SubsectionEducational Organization, Charitable Organization, Scientific Organization
Ruling Date04/1973
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period2012
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 - Not required to file (instrumentalities of states or political subdivisions)
Asset Amount$105,655,381
Amount of Income$142,707,857
Form 990 Revenue Amount$142,707,857
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Hospital, General


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Amount of income in 2012: $142,707,857
Floyd Memorial Hospital And Health Service: 

 $142,707,857
Other organizations performing similar types of work: 

 $17,721,162

Assets in 2012: $105,655,381
This organization: 

 $105,655,381
Other organizations performing similar types of work: 

 $15,703,352

Expenses in 2006: $152,239,193
Floyd Memorial Hospital And Health Service: 

 $152,239,193
Other organizations performing similar types of work: 

 $16,206,641

Income to expenses ratio in 2006: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2006: 85.8%
This organization: 

 85.8%
Other organizations performing similar types of work: 

 86.7%

Number of employees in 2006: 1,711
Floyd Memorial Hospital And Health Service: 

 1,711
Other organizations performing similar types of work: 

 197

Employees paid over $50,000 in 2006: 22.9%
Floyd Memorial Hospital And Health Service: 

 22.9%
Other organizations performing similar types of work: 

 28.5%

Grants share in income in 2006: 0.3%
Floyd Memorial Hospital And Health Service: 

 0.3%
Other organizations performing similar types of work: 

 0.5%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Expenses for 2006

Functional Expenses for 2006 ($)

Income-Producing Activities for 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022003200420052006
Total revenue$87,474,640$97,616,058$112,047,429$124,193,864$138,007,744$151,597,240$142,707,857
Contributions, gifts, grants, and similar amounts received$16,062$151,142$282,028$257,748$406,407$524,577$425,808
Contributions to donor advised funds$0
Direct public support$16,062$122,443$262,080$239,132$229,545$295,267$308,530
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$28,699$19,948$18,616$176,862$229,310$117,278
Program service revenue including government fees and contracts$85,396,536$95,295,781$109,243,572$121,289,441$135,574,475$148,794,559$138,455,522
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$1,421,047$184,938$52,729$24,897$136,034$188,596$0
Dividends and interest from securities$530,109$1,772,667$1,294,772$2,104,769$1,167,559$1,310,692$1,522,474
Net rental income or (loss)$0$0$0$0$0$0$88,933
Gross rents$0$0$0$0$0$0$88,933
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$110,886$211,530$1,174,328$517,009$723,269$778,816$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0$-120,047
Gross amount from sales of assets other than inventory$0$0$0$0$0$0$76,556,006
Less: cost or other basis and sales expenses$0$0$0$0$0$0$76,676,053
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$2,335,167
Total expenses$83,981,116$91,668,337$102,513,081$115,025,778$130,554,387$144,306,487$152,239,193
Program services$83,426,456$91,115,053$101,863,523$114,300,351$129,813,034$143,558,520$130,650,623
Management and general$554,660$553,284$649,558$725,427$741,353$747,967$21,588,570
Fundraising$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$86,311,591$92,304,279$101,793,373$110,937,243$118,390,874$125,681,360$105,655,381
Excess or (deficit) for the year$3,493,525$5,947,721$9,534,348$9,168,086$7,453,359$7,290,753$-9,531,336
Net assets or fund balances at beginning of year$82,764,654$86,311,590$92,304,280$101,793,373$110,937,243$118,390,874$125,681,360
Other changes in net assets or fund balances$53,412$44,968$-45,255$-24,216$272$-267$-10,494,643
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$152,239,193$130,650,623$21,588,570$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,054,453$0$1,054,453$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$61,406,716$53,998,390$7,408,326$0
Pension plan contributions not included above$1,688,280$1,484,618$203,662$0
Employee benefits not included above$8,570,705$7,536,798$1,033,907$0
Payroll taxes$4,840,713$4,256,765$583,948$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$231,857$0$231,857$0
Supplies$34,665,274$34,467,345$197,929$0
Telephone$352,448$26,291$326,157$0
Postage and shipping$427,116$106,591$320,525$0
Occupancy$3,903,381$3,815,410$87,971$0
Equipment rental and maintenance$6,169,114$3,454,209$2,714,905$0
Printing and publications$507,835$109,172$398,663$0
Travel$235,947$116,783$119,164$0
Conferences, conventions, and meetings$0$0$0$0
Interest$2,694,901$2,694,901$0$0
Depreciation, depletion, etc.$12,600,377$12,600,377$0$0
Other expenses not covered above$12,890,076$5,982,973$6,907,103$0
Balance Sheets
2000200120022003200420052006
Total assets$125,317,389$127,724,897$135,838,181$208,390,313$218,006,644$231,373,591$230,196,186
Cash - non-interest-bearing$1,251,445$662,799$7,785,310$418,450$7,394,991$1,507,777$5,013,331
Savings and temporary cash investments$223,552$2,986,804$994,989$1,603,885$1,214,978$446,846$966,541
Accounts receivable less allowance for doubtful accounts$19,382,017$18,808,147$20,654,710$24,103,655$28,835,526$33,815,247$21,834,628
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Grants receivable$186,524$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$258,209$134,200$1,125,018$1,371,854$3,112,996$4,978,390
Inventories for sale or use$996,246$862,426$795,678$895,659$1,283,225$1,797,054$2,605,117
Prepaid expenses and deferred charges$643,949$531,811$703,109$700,978$1,136,594$1,710,639$1,728,828
Investments - publicly-traded securities$0
Investments - other securities$28,281,847$38,758,059$40,606,203$111,042,148$82,299,262$51,941,127$49,383,596
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$5,973,727$0$0$0$0$7,684,380$6,339,137
Land, buildings, and equipment less accumulated depreciation$62,239,522$61,176,231$59,599,462$61,561,408$88,670,491$129,357,525$133,544,336
Other assets, including program-related investments$6,138,560$3,680,411$4,564,520$6,939,117$5,799,723$0$3,802,282
Total liabilities$39,005,799$35,420,618$34,044,808$97,453,070$99,615,770$105,692,231$124,540,805
Accounts payable and accrued expenses$6,900,005$8,353,947$8,833,122$8,085,874$10,418,169$18,611,972$17,356,992
Grants payable$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$32,105,794$27,066,671$25,211,686$89,367,196$89,197,601$87,080,259$99,962,918
Mortgages and other notes payable$0$0$0$0$0$0$4,161,129
Other liabilities$0$0$0$0$0$0$3,059,766
Total liabilities and net assets/fund balances$125,317,389$127,724,897$135,838,181$208,390,313$218,006,644$231,373,591$230,196,186
Total net assets or fund balances$86,311,590$92,304,279$101,793,373$110,937,243$118,390,874$125,681,360$105,655,381
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022003200420052006
Total revenue$87,474,640$97,616,058$112,047,429$124,193,864$138,007,744$151,597,240$142,707,857
Total revenue, gains, and other support per audited financial statements$87,474,640$97,616,058$112,047,429$124,193,864$138,007,744$151,597,240$145,296,228
Other expenses$0$0$0$0$0$0$2,588,371
Net unrealized gains on investments$0$0$0$0$0$0$565,121
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$2,023,250
Other revenue$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022003200420052006
Total expenses$83,981,116$91,668,337$102,513,081$115,025,778$130,554,387$144,306,487$152,239,193
Total expenses and losses per audited financial statements$83,981,116$91,668,337$102,513,081$115,025,778$130,554,387$144,306,487$152,719,008
Other revenue$0$0$0$0$0$0$479,815
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$479,815
Other expenses$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20061,711
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$3,826,527$138,455,522
Program service revenue
Program service revenue 1000000$000$0$138,455,522
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,522,474$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$88,933$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$-120,047$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$2,335,167$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
20224637850%$2,730,266$6,169,261
30023713150%$104,960$255,152
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$237,884$8,393$0
$226,183$13,150$0
$207,568$21,317$0
$168,115$9,935$0
$165,955$0$0
Total number of other employees paid over $50,000387
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isHospital, or a cooperative hospital service organization
Support Schedule
1999200020012002200320042005
Total$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1St Lukes - St Vincents Healthcareinc4205 Belfort Rd Ste 4015, Jacksonville, FL 32216-3623FL1946-03$180,178,901
2Floyd Memorial Hospital And Health Service1850 State St, New Albany, IN 47150-4990IN1973-04$142,707,857
3Major Hospital150 W Washington St, Shelbyville, IN 46176-1236IN2013-09$105,153,429
4Memorial Hospital1101 Michigan Ave, Logansport, IN 46947-1528IN1972-06$43,391,763
5Sharp Healthcare Foundation8695 Spectrum Center Blvd, San Diego, CA 92123-1489CA1980-07$27,646,995
6Tioga Medical CenterPO BOX 159, Tioga, ND 58852-0159ND1960-07$11,541,525
7San Gorgonio Pass Memorial Hospital District600 N Hglnd Spgs Ave, Banning, CA 92220-3090CA1985-03$10,551,951
8Methodist Medical Group Inc950 N Meridian St Ste 800, Indianapolis, IN 46204-3910IN1995-07$5,382
9St Vincent Dunn Hospital Inc1600 23rd St, Bedford, IN 47421-4704IN1946-03$29,651,260
10St Vincent Clay Hospital Inc1206 E National Ave, Brazil, IN 47834-2718IN1946-03$26,817,788
11St Marys Health Inc3700 Washington Ave, Evansville, IN 47714-0541IN1999-08$23,365,895
12New Life Generation Inc9755 Westpoint Dr, Indianapolis, IN 46256-3396IN2009-05$1,280,611
13Shelby Community Health Center1640 E State Road 44 Ste B, Shelbyville, IN 46176-4030IN2003-11$405,683
14Spine Institute Foundation Inc13431 Old Meridian St Ste 200, Carmel, IN 46032-1498IN2009-05$13,750
15American Music Therapy Association, Great Lakes Regional Chapter501 Chester Ave, Valparaiso, IN 46383-5117IN2000-09$0
16Community Health Services Of Indiana Inc7330 Shadeland Sta Ste 200, Indianapolis, IN 46256-3985IN2013-07$0
17Hendricks County Hospital1000 E Main St, Danville, IN 46122-1948IN1982-03$0
18Indianapolis Citizen Advocacy415 W 46th St, Indianapolis, IN 46208-3603IN2002-08$0
19Jay County Hospital500 W Votaw St, Portland, IN 47371-1322IN$0
20Orange County HospitalPO BOX 499, Paoli, IN 47454-0499IN1978-03$0
Number of organizations performing similar types of work
Alaska1
Alabama5
Arkansas8
Arizona6
California42
Colorado11
Connecticut7
District of Columbia1
Delaware1
Florida25
Georgia14
Hawaii3
Iowa10
Idaho2
Illinois25
Indiana21
Kansas10
Kentucky8
Louisiana4
Massachusetts13
Maryland8
Maine7
Michigan15
Minnesota12
Missouri15
Mississippi14
Montana9
North Carolina23
North Dakota10
Nebraska10
New Jersey10
New Mexico2
Nevada4
New York36
Ohio13
Oklahoma10
Oregon11
Pennsylvania22
Rhode Island1
South Carolina6
South Dakota6
Tennessee8
Texas24
Utah4
Virginia13
Vermont4
Washington15
Wisconsin24
West Virginia6
Wyoming2
International5
Total566

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