Civic Intelligence

Crisp Regional Hospital Inc

EIN 58-2175978 • 501(c)3 • Cordele, GA

Profile

To provide appropriate, quality care and assistance in maintaining good health in an efficient and caring manner to all who need our services and as near their home as possible.

902 7th Street NorthCordele, GA 31015-3234

www.crispregional.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.40x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.59x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

28th percentile

-1.2%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

74th percentile

$825,743

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

42nd percentile

4.1%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

34th percentile

2.7%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$187,184,493

Up $7,382,793 (+4.1%) from 2023

Liabilities

Up

$74,231,514

Up $5,269,334 (+7.6%) from 2023

Net Assets

Up

$112,952,979

Up $2,113,459 (+1.9%) from 2023

Revenue

Up

$125,836,603

Up $3,305,749 (+2.7%) from 2023

Expenses

Up

$127,383,848

Up $1,272,743 (+1.0%) from 2023

Net Income

Up

-$1,547,245

Up $2,033,006 (+57%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$150M$100M$50M$0Assets 2010: $80,227,835Liabilities 2010: $26,459,763Net Assets 2010: $53,768,0722010Assets 2011: $78,987,576Liabilities 2011: $22,920,795Net Assets 2011: $56,066,7812011Assets 2012: $81,853,986Liabilities 2012: $20,610,872Net Assets 2012: $61,243,1142012Assets 2013: $99,541,315Liabilities 2013: $37,934,172Net Assets 2013: $61,607,1432013Assets 2014: $101,650,774Liabilities 2014: $35,901,711Net Assets 2014: $65,749,0632014Assets 2015: $106,063,552Liabilities 2015: $34,064,548Net Assets 2015: $71,999,0042015Assets 2016: $112,201,313Liabilities 2016: $35,544,283Net Assets 2016: $76,657,0302016Assets 2017: $114,887,520Liabilities 2017: $33,590,084Net Assets 2017: $81,297,4362017Assets 2018: $118,288,959Liabilities 2018: $33,289,876Net Assets 2018: $84,999,0832018Assets 2019: $124,424,226Liabilities 2019: $35,947,251Net Assets 2019: $88,476,9752019Assets 2020: $134,776,876Liabilities 2020: $42,620,733Net Assets 2020: $92,156,1432020Assets 2021: $164,464,771Liabilities 2021: $59,615,533Net Assets 2021: $104,849,2382021Assets 2022: $183,252,929Liabilities 2022: $71,747,604Net Assets 2022: $111,505,3252022Assets 2023: $179,801,700Liabilities 2023: $68,962,180Net Assets 2023: $110,839,5202023Assets 2024: $187,184,493Liabilities 2024: $74,231,514Net Assets 2024: $112,952,9792024

Highlighted filing

2024

Assets$187,184,493
Liabilities$74,231,514
Net Assets$112,952,979

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $68,214,6242010Expenses 2011: $67,536,1252011Expenses 2012: $61,971,7442012Expenses 2013: $64,879,9552013Revenue 2014: $74,001,812Expenses 2014: $70,239,809Net Income 2014: $3,762,0032014Revenue 2015: $81,626,606Expenses 2015: $74,225,249Net Income 2015: $7,401,3572015Revenue 2016: $83,839,164Expenses 2016: $79,984,692Net Income 2016: $3,854,4722016Revenue 2017: $90,533,677Expenses 2017: $87,168,260Net Income 2017: $3,365,4172017Revenue 2018: $96,616,002Expenses 2018: $92,497,728Net Income 2018: $4,118,2742018Revenue 2019: $101,218,428Expenses 2019: $98,861,206Net Income 2019: $2,357,2222019Revenue 2020: $110,895,526Expenses 2020: $106,101,611Net Income 2020: $4,793,9152020Revenue 2021: $118,380,453Expenses 2021: $110,998,130Net Income 2021: $7,382,3232021Revenue 2022: $136,351,051Expenses 2022: $119,323,035Net Income 2022: $17,028,0162022Revenue 2023: $122,530,854Expenses 2023: $126,111,105Net Income 2023: -$3,580,2512023Revenue 2024: $125,836,603Expenses 2024: $127,383,848Net Income 2024: -$1,547,2452024

Highlighted filing

2024

Revenue$125,836,603
Expenses$127,383,848
Net Income-$1,547,245

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$187$74.2$113$126$127$1.55
2023Detailed filing. Detailed filing data is available for this year.$180$69.0$111$123$126$3.58
2022Detailed filing. Detailed filing data is available for this year.$183$71.7$112$136$119$17.0
2021Detailed filing. Detailed filing data is available for this year.$164$59.6$105$118$111$7.38
2020Detailed filing. Detailed filing data is available for this year.$135$42.6$92.2$111$106$4.79
2019Detailed filing. Detailed filing data is available for this year.$124$35.9$88.5$101$98.9$2.36
2018Detailed filing. Detailed filing data is available for this year.$118$33.3$85.0$96.6$92.5$4.12
2017Detailed filing. Detailed filing data is available for this year.$115$33.6$81.3$90.5$87.2$3.37
2016Detailed filing. Detailed filing data is available for this year.$112$35.5$76.7$83.8$80.0$3.85
2015Detailed filing. Detailed filing data is available for this year.$106$34.1$72.0$81.6$74.2$7.40
2014Detailed filing. Detailed filing data is available for this year.$102$35.9$65.7$74.0$70.2$3.76
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$99.5$37.9$61.6$64.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.9$20.6$61.2$62.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.0$22.9$56.1$67.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.2$26.5$53.8$68.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 6, 2025
Return Version
2023v6.0
Gross Receipts
$125,969,720
Mission and Program Overview

Mission

To provide appropriate, quality care and assistance in maintaining good health in an efficient and caring manner to all who need our services and as near their home as possible.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$54,452,243$58,182,751▲ $3,730,508
Land, Buildings, and Equipment, Net$49,664,333$56,582,012▲ $6,917,679
Accounts Receivable$30,150,081$35,697,329▲ $5,547,248
Savings and Temporary Cash Investments$28,302,785$17,565,109▼ $10,737,676
Intangible Assets$8,735,294$7,909,228▼ $826,066
Prepaid Expenses and Deferred Charges$2,757,968$3,141,183▲ $383,215
Investments Program Related$928,224$1,929,103▲ $1,000,879
Inventories for Sale or Use$2,026,946$1,891,627▼ $135,319
Investments Other Securities$431,969$431,969→ $0
Cash and Non-Interest-Bearing Accounts$87,035$76,162▼ $10,873
Total Assets$180,729,924$187,184,493▲ $6,454,569
Other Assets Total$3,193,046$3,778,020▲ $584,974
Liabilities
Tax Exempt Bond Liabilities$48,534,933$47,525,395▼ $1,009,538
Accounts Payable and Accrued Expenses$17,087,939$23,589,890▲ $6,501,951
Mortgage Notes Payable Secured by Investment Property$2,823,490$1,926,329▼ $897,161
Deferred Revenue$9,001$758,892▲ $749,891
Other Liabilities$506,817$431,008▼ $75,809
Total Liabilities$68,962,180$74,231,514▲ $5,269,334
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$111,767,744$112,952,979▲ $1,185,235
Total Net Assets Fund Balance$111,767,744$112,952,979▲ $1,185,235
Total Liabilities and Net Assets / Fund Balance$180,729,924$187,184,493▲ $6,454,569

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,351,416$53,889,809$71,241,225
Buildings$32,245,673$31,337,592$63,583,265
Land$3,939,620-$3,939,620
Other Land Buildings$2,661,230-$2,661,230
Leasehold Improvements$384,073$1,216,375$1,600,448
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James Fordyce MdPhysicianFT$768,123$80,697$825,743
Lynn Alan Lyons MdPhysicianFT$594,516$83,913$636,336
Samyukta Chava MdPhysicianFT$604,947$86,652$634,900
David CoxPhysicianFT$515,760$47,473$594,610
Srilatha Nadipineni MdPhysicianFT$530,745$33,274$571,171
Steve GautneyPres/CEOFT$495,412$48,516$565,513
Jessica CarterCFOFT$269,658$24,448$319,156
April DukesVP Patient CFT$181,113$30,036$211,149
April DukesVP Patient Care Svc-$180,294$3,154$211,149
Vickie TeemerVP HrFT$154,051$691$163,746

Board Members and Trustees

NameTitle
William Pannell MdChairman
Arthur ParkerBoard Member
Cindy HughesBoard Member
Heath HamiltonBoard Member
Matt ColeyBoard Member
Noel Williams JrBoard Member
Sule Salami MdAsst Sec/tre
Claire KrauseSecretary/tr

Highest Paid Contractors

ContractorServicesLocationCompensation
Parrish Construction GroupProfessional Sv221 INDUSTRIAL PARK DRIVE, Perry, GA 31069$6,394,632
Innovative Therapy Concepts LLCTherapy2 MASHBURN ST SUITE 102, Hawkinsville, GA 31036-4961$2,068,212
Hoar ConstructionMedical Svcs2 METROPLEX DRIVE STE 400, Birmingham, AL 35209$913,717
4angels HealthcareContract Labor4922 BILL GARDNER PARKWAY STE 280, Locust Grove, GA 30248$860,039
Anesthesia Management SolutionsMedical Svs28 N PALAFOX ST, Pensacola, FL 32502$672,536
Revenue and Support

Revenue Composition

Contributions and Grants
$1,665,355
Program Service Revenue
$118,970,605
Investment Income
$3,270,323
Other Revenue
$1,930,320
All Other Contributions
$1,168,833
Change in Net Assets
$-1,547,245
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$70,729,746
Salaries, Compensation, and Employee Benefits$56,302,217
Grants and Similar Amounts Paid$351,885
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$33,951,900$9,607,960-$43,559,860
Fees for Services Other$19,326,984$5,616,689-$24,943,673
Depreciation Depletion$3,162,246$4,068,879-$7,231,125
Other Employee Benefits$3,897,656$2,060,199-$5,957,855
Office Expenses$4,514,109$1,089,214-$5,603,323
Payroll Taxes$3,170,448$1,232,948-$4,403,396
Insurance$2,813,612$1,281,269-$4,094,881
Occupancy$631,688$2,488,015-$3,119,703
Current Officers, Directors, Trustees, and Key Employees-$1,477,171-$1,477,171
Pension Plan Contributions$621,755$282,180-$903,935
All Other Expenses$380,814$328,730-$709,544
Travel$321,797$226,823-$548,620
Advertising$398,469$108,500-$506,969
Other Expenses$68,356$393,756-$462,112
Fees for Service Investment Mgmnt Fees-$381,023-$381,023
Grants to Domestic Individuals$351,885--$351,885
Fees for Services Legal-$342,758-$342,758
Fees for Services Management$45,000$225,320-$270,320
Conferences and Meetings$53,782$107,918-$161,700
Fees for Services Accounting-$36-$36
Total Functional Expenses$94,321,138$33,062,710$0$127,383,848
International Activity

International Summary

Spending
$8,020,067

International Compliance

Foreign grant records maintained
Yes
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
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestment---$8,020,067
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Third Party Settlements$431,008

Bond Issues

BondIssuerIssuedIssue PricePurpose
AHospital Auth of Crisp County Ga2021-09-01$49,552,495Issued for purposes of (i) financing or refunding a portion of the cost of acquisition, construction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$49,552,495--$677,524

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
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 11B

All board members receive a copy of the form 990 before it is filed. If any member has any concerns, they must inform administration. An extensive review is performed by management. The board members perform only a basic review of the return prior to its filing with the irs.

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

The conflict of interest policy is directed not only to directors and officers, but to all employees who can influence the actions of crisp regional hospital, inc. A conflicting interest may be defined as an interest, direct or indirect, with any persons or firms. It is the policy of the board that the existence of any of the interests shall be disclosed before any transaction is consummated. It shall be the continuing responsibility of the board, officers, and management employees to scrutinize their transactions and outside business interests and relationships for potential conflicts and to immediately make such disclosures. Disclosures of conflicts should be made to the board or a committee thereof, who will determine whether a conflict exists, and in the case of an existing conflict, determine appropriate action. The individual with the conflict of interest is excluded from the discussion and approval of such transactions.

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

The board of directors reviews and approves the compensation for the ceo. The board uses comparable compensation data for similarly qualified persons at similarly sized organizations. The gha annual salary survey and other data is used to determine compensation for management. The decision is documented by the board. This process is performed annually.

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

The ceo reviews and approves the compensation for the cfo and other top officers. The ceo uses comparable compensation data for similarly qualified persons at similarly sized organizations. The gha annual salary survey and other data is also utilized. This process is performed annually. Crisp regional's compensation philosophy is the same for all officers and employees - to provide appropriate compensation to employees based on market driven data as well as demand within the organization.

Form 990, Page 6, Part VI, Line 19

The organization will make available its governing documents, conflict of interest policy, and financial statements to any member of the public who makes their request at the administrative office of the filing entity.

Filing and Contact Details

Filer

Filer Name
Crisp Regional Hospital Inc
EIN
58-2175978
Phone
2292763130
Address
902 7TH STREET NORTH, CORDELE, GA 31015-3234

Signing Officer

Name
Steve Gautney
Title
Pres/CEO
Phone
2292763132
Signed
2025-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Gautney
Formed
1995
Legal Domicile
Ga
Voting Board Members
9
Independent Board Members
8
Employees
1,143
Volunteers
34

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, Part IX, Line 11G

Service contracts 1,954,189 2,424,171 0 physician fees 9,632,080 0 0 other purchased services 5,969,193 2,666,139 0 therapy contract fees 1,361,759 0 0 laundry/linen services 404,903 261,099 0 consulting fees 4,860 0 0 collection agencies 0 265,280 0 total 19,326,984 5,616,689 0

Form 990, Part XI

Opening net assets were adjusted to record the investment in crisp regional hospital portfolio insurance company, a leased cell captive that provides self-insurance coverage for crisp regional.

Form 990, Part XI, Line 9

Ubi losses from passthrough k1s 3,161 equity in earnings of captive insurance subsidiary 1,000,879 intercompany adjustment -217,796 total 786,244

Financial Statement Notes

Schedule D, Page 3, Part X

Part x - fin 48 footnote crisp regional health services, inc., crisp regional hospital, inc. And cris regional development foundation, inc. Are not-for-profit corporations that have been recognized as tax-exempt pursuant to section 501(c)(3) of the internal revenue code. Crisp regional hospital portfolio insurance company is exempted from all local income, profit, or capital gains taxes until july 28, 2042 under the cayman island tax concessions law. The corporations apply 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 require management to evaluate the likelihood that, upon examination by the relevant taxing jurisdictions, those income tax positions would be sustained. Based on that evaluation, they only recognize that maximum 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 unrecognized benefits, along with any interest and penalties that would result from disallowance of the position. Should any such penalties and interest be incurred, they would be recognized as operating expenses. Based on results of management's evaluation, no liability is recognized in the accompanying combined balance sheet for unrecognized income tax positions. Further, no interest or penalties have been accrued or charged to expense as of june 30, 2024 or 2023 or for the years then ended. The corporations' tax returns are subject to possible examination by the taxing authorities. For federal income tax purposes, the tax returns essentially remain open for possible examination for a period of three years after the respective filing deadlines of those returns.

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IRS990/Desc0THE ORGANIZATION OPERATES A HOSPITAL, TWO SNFS & A HHA PROVIDING SHORT-TERM ACUTE CARE FOR INPATIENT & OUTPATIENT SERVICES FOR CRISP COUNTY AND SURROUNDING COUNTIES. TOTAL PATIENT DAYS FOR FYE 6/30/24 WERE 11,116 ; HHA VISITS FOR WERE 13,027; AND SNF PATIENT DAYS WERE 23,737 ; CORDELE HEALTH AND REHABILITATION (A FREE-STANDING SNF) PATIENT DAYS TOTAL 23,487 , AND RURAL HEALTH CLINIC VISITS TOTALED 14,657.
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