Civic Intelligence

Ty Cobb Healthcare System Inc

990 • Fiscal year 2015 • EIN 58-0633978

Jan 01, 2015 to Dec 31, 2015 • Filed on May 18, 2016

PO Box 9Franklin Springs, GA 30639

(706) 245-7272

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$10,233,415

Down $17,019,331 (-62%) from 2014

Net Assets

Up

$7,767,106

Up $216,672 (+2.9%) from 2014

Liabilities

Down

$2,466,309

Down $17,236,003 (-87%) from 2014

Revenue And Expenses

Revenue

Down

$23,944,602

Down $19,974,670 (-45%) from 2014

Expenses

Down

$23,552,301

Down $24,873,304 (-51%) from 2014

Net Income

Up

$392,301

Up $4,898,634 (+109%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2010: $64,051,128Liabilities 2010: $30,910,717Net Assets 2010: $33,140,4112010Assets 2011: $62,646,905Liabilities 2011: $32,048,891Net Assets 2011: $30,598,0142011Assets 2012: $67,648,351Liabilities 2012: $39,572,716Net Assets 2012: $28,075,6352012Assets 2013: $60,872,485Liabilities 2013: $44,543,385Net Assets 2013: $16,329,1002013Assets 2014: $27,252,746Liabilities 2014: $19,702,312Net Assets 2014: $7,550,4342014Assets 2015: $10,729,263Liabilities 2015: $2,986,868Net Assets 2015: $7,742,3952015Assets 2015: $10,233,415Liabilities 2015: $2,466,309Net Assets 2015: $7,767,1062015Assets 2016: $5,162,632Liabilities 2016: $1,425,577Net Assets 2016: $3,737,0552016Assets 2017: $4,123,333Liabilities 2017: $781,159Net Assets 2017: $3,342,1742017Assets 2018: $3,266,035Liabilities 2018: $94,738Net Assets 2018: $3,171,2972018Assets 2019: $3,115,515Liabilities 2019: $120,498Net Assets 2019: $2,995,0172019Assets 2020: $3,064,517Liabilities 2020: $123,001Net Assets 2020: $2,941,5162020Assets 2021: $3,309,363Liabilities 2021: $180,103Net Assets 2021: $3,129,2602021Assets 2022: $2,718,647Liabilities 2022: $123,051Net Assets 2022: $2,595,5962022Assets 2023: $3,049,625Liabilities 2023: $85,294Net Assets 2023: $2,964,3312023Assets 2024: $3,622,099Liabilities 2024: $447,128Net Assets 2024: $3,174,9712024

Highlighted filing

2015

Assets$10,233,415
Liabilities$2,466,309
Net Assets$7,767,106

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $39,939,4472010Expenses 2011: $40,810,7732011Expenses 2012: $57,293,1922012Revenue 2013: $50,688,819Expenses 2013: $59,743,780Net Income 2013: -$9,054,9612013Revenue 2014: $43,919,272Expenses 2014: $48,425,605Net Income 2014: -$4,506,3332014Revenue 2015: $22,991,744Expenses 2015: $23,838,542Net Income 2015: -$846,7982015Revenue 2015: $23,944,602Expenses 2015: $23,552,301Net Income 2015: $392,3012015Revenue 2016: $2,282,874Expenses 2016: $2,393,225Net Income 2016: -$110,3512016Revenue 2017: $2,359,059Expenses 2017: $2,142,642Net Income 2017: $216,4172017Revenue 2018: $2,303,995Expenses 2018: $2,385,845Net Income 2018: -$81,8502018Revenue 2019: $2,241,771Expenses 2019: $2,424,921Net Income 2019: -$183,1502019Revenue 2020: $2,585,466Expenses 2020: $2,638,967Net Income 2020: -$53,5012020Revenue 2021: $2,527,885Expenses 2021: $2,340,140Net Income 2021: $187,7452021Revenue 2022: $2,334,802Expenses 2022: $2,868,466Net Income 2022: -$533,6642022Revenue 2023: $3,153,209Expenses 2023: $2,957,130Net Income 2023: $196,0792023Revenue 2024: $7,269,528Expenses 2024: $6,968,250Net Income 2024: $301,2782024

Highlighted filing

2015

Revenue$23,944,602
Expenses$23,552,301
Net Income$392,301
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 18, 2016
Return Version
2015v3.0
Gross Receipts
$23,944,602
Mission and Program Overview

Mission

To continuously improve the quality of primary care, long-term care and home care within our resource capabilities and to promote healthier lifestyles through education consistend with individual and community needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,553,917$5,727,129▼ $7,826,788
Cash and Non-Interest-Bearing Accounts$1,165,066$1,591,183▲ $426,117
Investments Program Related$1,396,586$1,336,213▼ $60,373
Inventories for Sale or Use$1,114,146$572,874▼ $541,272
Accounts Receivable$3,033,140$465,583▼ $2,567,557
Investments Other Securities$415,360$275,949▼ $139,411
Savings and Temporary Cash Investments$190,000--
Prepaid Expenses and Deferred Charges$1,027,152$81,700▼ $945,452
Total Assets$27,252,746$10,233,415▼ $17,019,331
Other Assets Total$5,357,379$182,784▼ $5,174,595
Liabilities
Other Liabilities$6,913,093--
Deferred Revenue$3,073,414--
Mortgage Notes Payable Secured by Investment Property$3,404,117$1,711,356▼ $1,692,761
Accounts Payable and Accrued Expenses$6,311,688$754,953▼ $5,556,735
Total Liabilities$19,702,312$2,466,309▼ $17,236,003
Net Assets / Fund Balance
Unrestricted Net Assets$7,550,434$7,767,106▲ $216,672
Total Net Assets Fund Balance$7,550,434$7,767,106▲ $216,672
Total Liabilities and Net Assets / Fund Balance$27,252,746$10,233,415▼ $17,019,331

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,328,670$2,982,114$6,310,784
Equipment$1,578,332$120,100$1,698,432
Land$820,127-$820,127
Investment Program Related Org$1,336,213--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregory HearnCEOFT$133,851$65,290$199,141
Timothy VickeryCIOFT$135,014$3,121$138,135
Matt R McreeCFOFT$107,619$11,468$119,087
James Bauerband MdPhysician-$105,172$5,704$110,876
Lauren PapkaAdministratoFT$70,602$11,616$82,218
Evelyn MurphyChief ClinicFT$42,886$2,711$45,597

Board Members and Trustees

NameTitle
Fort OglesbyBoard Chair
Harris LittleVice Chair
Deborah HarbinBoard Member
Don JohnsonBoard Member
F Mayes DavisonBoard Member
Scott HardigreeBoard Secret

Highest Paid Contractors

ContractorServicesLocationCompensation
US AnesthesiaPhysicianPO BOX 68, Tennille, GA 31089$328,725
Metz CulinaryFood ServicesTWO WOODLAND DRIVE, Dallas, PA 18612$251,646
Margan Wood MdPhysician123 NATT MADDOX ROAD, Toccoa, GA 30680$251,575
Sterigen LLCHousekeeping331 FIRST AVENUE NORTH, Birmingham, AL 35204$209,126
Christopher Simmons MdPhysician270 17TH STREET NW UNIT 403, Atlanta, GA 30363$180,315
Revenue and Support

Revenue Composition

Contributions and Grants
$1,138,706
Program Service Revenue
$17,738,322
Investment Income
$3,930,767
Other Revenue
$1,136,807
All Other Contributions
$5,120
Change in Net Assets
$392,301
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,263,480
Salaries, Compensation, and Employee Benefits$8,288,821
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,061,416--$6,061,416
Occupancy$3,027,077$333,881-$3,360,958
Office Expenses$3,100,563$5,229-$3,105,792
Fees for Services Other$2,627,590$145,932-$2,773,522
Other Employee Benefits$1,499,515$143,711-$1,643,226
Depreciation Depletion$1,110,364$119,455-$1,229,819
Current Officers, Directors, Trustees, and Key Employees-$584,179-$584,179
All Other Expenses$505,633$46,110-$551,743
Fees for Services Accounting-$222,060-$222,060
Fees for Services Legal$96,610$62,310-$158,920
Other Expenses$141,610--$141,610
Insurance$98,072--$98,072
Interest$27,802$51,936-$79,738
Travel$35,047--$35,047
Advertising$25,164--$25,164
Information Technology$20,108--$20,108
Conferences and Meetings$10,234--$10,234
Total Functional Expenses$21,837,498$1,714,803$0$23,552,301
International Activity

International Summary

Spending
$1,336,213

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Cayman IslandsInvestment---$1,336,213
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Tyler R DavisonFamily MemberRn in Emergency RoomNo$23,112
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Medicare/medicaid Cost Report Settle-
Due to Hart County-
Due to Related Parties-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 4

The organization adopted a new purposes clause for its articles of incorporation on december 22, 2015 to remove the operation of a hospital and a convalescent center as designated exempt purposes (the organization is still required to operate exclusively for charitable purposes). The name of the organization officially changed to community services group, inc. In january 2016 and will be reported on the 2016 form 990.

Form 990, Page 6, Part VI, Line 11B

After management review and approval, an electronic copy of the form 990 was emailed to all members of the tycobb healthcare system, inc.'s board of directors for approval prior to submission.

Form 990, Page 6, Part VI, Line 12C

The board of directors and ceo monitor and enforce compliance with the conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

The compensation of ty cobb healthcare system, inc.'s ceo is reviewed and approved by the independent board of directors. External comparability reporting was also used in the determination of compensation of the ceo.

Form 990, Page 6, Part VI, Line 15B

The compensation of ty cobb healthcare system, inc.'s cfo is reviewed and approved by the independent board of directors. External comparability reporting was also used in the determination of compensation of the cfo.

Form 990, Page 6, Part VI, Line 19

The ty cobb healthcare system, inc.'s governing documents, conflict of interest policy, and financial statements are available for the public to review at the system's corporate office upon request.

Form 990, Part VII

The board of directors of ty cobb regional medical center, llc has

Filing and Contact Details

Filer

Filer Name
Ty Cobb Healthcare System Inc
EIN
58-0633978
Phone
7062457272
Address
PO BOX 9, FRANKLIN SPRINGS, GA 30639
Doing Business As
Ty Cobb Regional Medical Center

Signing Officer

Name
Gregory Hearn
Title
CEO
Phone
7062453119
Signed
2016-05-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Hearn
Formed
1950
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
5
Employees
419

Preparer

Firm
Draffin & Tucker Llp
Address
PO BOX 71309, ALBANY, GA 31708-1309
Preparer
William Edward Phillips
Phone
2298837878
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

The gables at cobb village, home base health services, carnesville family practice, ty cobb museum

Form 990, Page 1, Item B

This tax return is bsing amended to reflect adjustements made following the issuance of audited financial statements for ty cobb healthcare system. These financial statements were issued on march 31, 2017 and are attached to this tax return.

FORM 990 - ORGANIZATION'S MISSION

To continuously improve the quality of primary care, long-term care and home care within our resource capabilities and to promote healthier lifestyles through education consistend with individual and community needs.

Form 990, Part V, Line 4B

CAYMAN ISLANDS

Form 990, Part IX, Line 11G

Purchased services 92,743 145,932 0 consulting 2,534,847 0 0

Form 990, Part XI, Line 9

Book / tax depreciation difference 35,273 wholly owned captive equity change -60,373 equity transfers -80,802 990t differences (except depreciation) -68,579 total -174,481 .

Financial Statement Notes

Schedule D, Page 2, Part III, Line 4

Baseball legend ty cobb donated funds to build the original hospital facility. The system operates the ty cobb museum. Articles and memorabilia from ty cobb's baseball career (much of which is on loan from owners other than ty cobb healthcare system) are displayed. The operation of the museum is for the benefit of the community, for historical preservation and to pay tribute to the man responsible for the formation of the original hospital.

Schedule D, Page 3, Part X

The system, the foundation and lake hartwell are not-for-profit corporations and have been recognized as tax-exempt pursuant to section 501(c)(3) of the internal revenue code. The segregated portfolio intends to conduct its affairs in a manner in which it will not be subject to u.s. Federal income tax or georgia income tax. Regional is considered a disregarded entity of the system. The system files a form 990-t to report the unrelated business income tax of springs media that is subject to tax. The system applies accounting policies that prescribe when to recognize and how to measure the financial statement effects of income tax positions taken or expected to be taken on its income tax returns. These rules required management to evaluate the likelihood that, upon examination by the relevant taxing jurisdictions, those income tax positions would be sustained. Based on that evaluation, the system only recognizes the maximum tax benefit of each income tax position that is more than 50% likely of being sustained. To the extent that all or a portion of the benefits of an income tax position are not recognized, a liability would be recognized for the unrecognized benefits, along with any interest and penalties that would result from the disallowance of the positions. Should any such penalties and interest be incurred, they would be recognized as operating expenses. Based on the results of management's evaluation, no liability is recognized in the accompanying balance sheet for unrecognized tax positions. Further, no interest or penalties have been accrued or charged to expense of december 31, 2015 and 2014 of for the years the ended. The system's tax returns are subject to possible examination by the taxing authorities. For federal income tax purposes, the tax returns remain open for possible examination for a period of three years after the respective filing deadline of those returns.

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IRS990/InsuranceGrp/ProgramServicesAmt098072
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IRS990/MissionDesc0TO CONTINUOUSLY IMPROVE THE QUALITY OF PRIMARY CARE, LONG-TERM CARE AND HOME CARE WITHIN OUR RESOURCE CAPABILITIES AND TO PROMOTE HEALTHIER LIFESTYLES THROUGH EDUCATION CONSISTEND WITH INDIVIDUAL AND COMMUNITY NEEDS.
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IRS990ScheduleA/HospitalInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleC/GrantsOtherOrganizationsInd0false
IRS990ScheduleC/MailingsMembersInd0false
IRS990ScheduleC/MediaAdvertisementsInd0false
IRS990ScheduleC/NotDescribedSection501c3Ind0false
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IRS990ScheduleC/PaidStaffOrManagementInd0false
IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE SYSTEM IS A MEMBER OF THE GEORGIA HOSPITAL ASSOCIATION (GHA). A PORTION OF THE ANNUAL DUES PAID TO GHA ARE ALLOCATED TO LOBBYING ACTIVITIES.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART II-B, LINE 1
IRS990ScheduleC/TotalLobbyingExpendituresAmt06312
IRS990ScheduleC/VolunteersInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03328670
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02982114
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06310784
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt01578332
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0120100
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01698432
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01336213

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.62$0.45$3.17$7.27$6.97$0.30
2023Detailed filing. Detailed filing data is available for this year.$3.05$0.09$2.96$3.15$2.96$0.20
2022Detailed filing. Detailed filing data is available for this year.$2.72$0.12$2.60$2.33$2.87$0.53
2021Detailed filing. Detailed filing data is available for this year.$3.31$0.18$3.13$2.53$2.34$0.19
2020Detailed filing. Detailed filing data is available for this year.$3.06$0.12$2.94$2.59$2.64$0.05
2019Detailed filing. Detailed filing data is available for this year.$3.12$0.12$3.00$2.24$2.42$0.18
2018Detailed filing. Detailed filing data is available for this year.$3.27$0.09$3.17$2.30$2.39$0.08
2017Detailed filing. Detailed filing data is available for this year.$4.12$0.78$3.34$2.36$2.14$0.22
2016Summary only. Only limited summary data is available for this year.$5.16$1.43$3.74$2.28$2.39$0.11
2015Detailed filing. Detailed filing data is available for this year.$10.7$2.99$7.74$23.0$23.8$0.85
2015Detailed filing. Detailed filing data is available for this year.$10.2$2.47$7.77$23.9$23.6$0.39
2014Detailed filing. Detailed filing data is available for this year.$27.3$19.7$7.55$43.9$48.4$4.51
2013Detailed filing. Detailed filing data is available for this year.$60.9$44.5$16.3$50.7$59.7$9.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$67.6$39.6$28.1$57.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.6$32.0$30.6$40.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.1$30.9$33.1$39.9