Civic Intelligence

Russell Hospital Corporation

EIN 63-0385130 • 501(c)3 • Alexander City, AL

Profile

Russell medical center and its physicians are committed to providing the highest standards of patient care and customer service. Our mission is simple...being the best because we care.

PO Box 939Alexander City, AL 35010

www.russellmedcenter.com

Siviq Scores

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

Liabilities / Assets

78th percentile

0.62x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.73x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

14th percentile

-12%

Higher net margin than 14% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$1,116,399

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

11th percentile

-6.5%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

-16%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$83,579,497

Down $5,771,182 (-6.5%) from 2023

Liabilities

Up

$51,706,725

Up $645,623 (+1.3%) from 2023

Net Assets

Down

$31,872,772

Down $6,416,805 (-17%) from 2023

Revenue

Down

$71,149,162

Down $13,626,021 (-16%) from 2023

Expenses

Down

$79,891,166

Down $5,589,803 (-6.5%) from 2023

Net Income

Down

-$8,742,004

Down $8,036,218 (-1139%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $80,018,332Liabilities 2010: $49,718,352Net Assets 2010: $30,299,9802010Assets 2011: $83,769,755Liabilities 2011: $56,810,961Net Assets 2011: $26,958,7942011Assets 2012: $86,678,886Liabilities 2012: $58,857,648Net Assets 2012: $27,821,2382012Assets 2013: $91,080,715Liabilities 2013: $54,962,009Net Assets 2013: $36,118,7062013Assets 2014: $92,111,000Liabilities 2014: $62,332,216Net Assets 2014: $29,778,7842014Assets 2015: $79,493,918Liabilities 2015: $51,754,475Net Assets 2015: $27,739,4432015Assets 2016: $83,829,717Liabilities 2016: $55,962,933Net Assets 2016: $27,866,7842016Assets 2017: $92,079,766Liabilities 2017: $70,061,397Net Assets 2017: $22,018,3692017Assets 2018: $89,626,068Liabilities 2018: $73,018,504Net Assets 2018: $16,607,5642018Assets 2019: $92,592,835Liabilities 2019: $80,552,248Net Assets 2019: $12,040,5872019Assets 2020: $185,250,249Liabilities 2020: $169,223,622Net Assets 2020: $16,026,6272020Assets 2021: $200,974,308Liabilities 2021: $156,964,908Net Assets 2021: $44,009,4002021Assets 2022: $153,833,264Liabilities 2022: $109,485,873Net Assets 2022: $44,347,3912022Assets 2023: $89,350,679Liabilities 2023: $51,061,102Net Assets 2023: $38,289,5772023Assets 2024: $83,579,497Liabilities 2024: $51,706,725Net Assets 2024: $31,872,7722024

Highlighted filing

2024

Assets$83,579,497
Liabilities$51,706,725
Net Assets$31,872,772

Operations Trend

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

$150M$100M$50M$0-$50MExpenses 2010: $66,345,8702010Expenses 2011: $69,974,0762011Expenses 2012: $72,788,1572012Revenue 2013: $72,869,183Expenses 2013: $71,814,074Net Income 2013: $1,055,1092013Revenue 2014: $72,388,799Expenses 2014: $74,257,026Net Income 2014: -$1,868,2272014Revenue 2015: $74,683,170Expenses 2015: $74,587,295Net Income 2015: $95,8752015Revenue 2016: $84,703,556Expenses 2016: $83,072,334Net Income 2016: $1,631,2222016Revenue 2017: $70,867,656Expenses 2017: $79,633,582Net Income 2017: -$8,765,9262017Revenue 2018: $61,882,383Expenses 2018: $74,078,051Net Income 2018: -$12,195,6682018Revenue 2019: $72,545,779Expenses 2019: $74,920,627Net Income 2019: -$2,374,8482019Revenue 2020: $84,140,528Expenses 2020: $82,155,218Net Income 2020: $1,985,3102020Revenue 2021: $111,392,517Expenses 2021: $88,564,547Net Income 2021: $22,827,9702021Revenue 2022: $80,352,493Expenses 2022: $86,363,445Net Income 2022: -$6,010,9522022Revenue 2023: $84,775,183Expenses 2023: $85,480,969Net Income 2023: -$705,7862023Revenue 2024: $71,149,162Expenses 2024: $79,891,166Net Income 2024: -$8,742,0042024

Highlighted filing

2024

Revenue$71,149,162
Expenses$79,891,166
Net Income-$8,742,004

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$83.6$51.7$31.9$71.1$79.9$8.74
2023Summary only. Only limited summary data is available for this year.$89.4$51.1$38.3$84.8$85.5$0.71
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$154$109$44.3$80.4$86.4$6.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$201$157$44.0$111$88.6$22.8
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$185$169$16.0$84.1$82.2$1.99
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$92.6$80.6$12.0$72.5$74.9$2.37
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$89.6$73.0$16.6$61.9$74.1$12.2
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$92.1$70.1$22.0$70.9$79.6$8.77
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$83.8$56.0$27.9$84.7$83.1$1.63
2015Detailed filing. Detailed filing data is available for this year.$79.5$51.8$27.7$74.7$74.6$0.10
2014Detailed filing. Detailed filing data is available for this year.$92.1$62.3$29.8$72.4$74.3$1.87
2013Detailed filing. Detailed filing data is available for this year.$91.1$55.0$36.1$72.9$71.8$1.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$86.7$58.9$27.8$72.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.8$56.8$27.0$70.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.0$49.7$30.3$66.3
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$81,076,786
Mission and Program Overview

Mission

Russell medical is a progressive, not-for-profit, acute care facility serving the needs of east central alabama. Russell medical and its physicians are committed to providing the highest standards of patient care and customer service. Our mission is simple: being the best because we care.

Russell medical is a progressive, not-for-profit, acute care facility serving the needs of east central alabama. Russell medical and its physicians are committted to providing the highest standards of patient care and customer service. Our mssion is simple: be the best

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$34,083,692$38,349,766▲ $4,266,074
Accounts Receivable$41,032,568$27,623,100▼ $13,409,468
Pledges and Grants Receivable$18,532,148--
Investments in Publicly Traded Securities$25,243,297$6,643,934▼ $18,599,363
Inventories for Sale or Use$2,742,764$2,807,691▲ $64,927
Prepaid Expenses and Deferred Charges$908,133$1,251,532▲ $343,399
Savings and Temporary Cash Investments$1,231,506--
Cash and Non-Interest-Bearing Accounts$2,373,531$607,915▼ $1,765,616
Investments Other Securities$360,930$360,930→ $0
Intangible Assets$257,379$242,103▼ $15,276
Total Assets$200,974,308$153,833,264▼ $47,141,044
Other Assets Total$74,208,360$75,946,293▲ $1,737,933
Liabilities
Other Liabilities$114,211,216$66,330,485▼ $47,880,731
Mortgage Notes Payable Secured by Investment Property$31,999,203$34,300,987▲ $2,301,784
Accounts Payable and Accrued Expenses$10,754,489$8,681,993▼ $2,072,496
Deferred Revenue-$172,408-
Total Liabilities$156,964,908$109,485,873▼ $47,479,035
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$21,200,091$22,573,704▲ $1,373,613
Net Assets With Donor Restrictions$22,809,309$21,773,687▼ $1,035,622
Total Net Assets Fund Balance$44,009,400$44,347,391▲ $337,991
Total Liabilities and Net Assets / Fund Balance$200,974,308$153,833,264▼ $47,141,044

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$21,878,079$42,971,678$64,849,757
Equipment$5,969,839$36,632,762$42,602,601
Other Land Buildings$7,320,459$1,218,216$8,538,675
Land$3,181,389-$3,181,389
Other Assets Org$205,330--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian Dix MdPhyisicianFT$384,510$293,045$642,808
Mary Emily Sheffield MdPhysicianFT$459,492$158,179$543,735
Alex Minter MdPhyisicianFT$431,456$155,817$512,418
Adrian Cargill MdPhyisicianFT$408,678$117,528$498,907
Lother E Peace IiiPresident/ceFT$434,254$11,526$445,780
Lother E Peace IiiPresident/CEO-$359,399$59,266$445,780
John Elgin MdPhyisicianFT$413,382$11,526$424,908
Karen Mockler MdPhysicianFT$262,228$6,240$404,450
James M FisherCFOFT$229,098$16,293$293,131
Thomas RadneyDirectorPT$16,500-$16,500

Board Members and Trustees

NameTitle
Hugh Neighbors IiiChairman
Randy HaynesVice Chairma
Arnold Tauro MdDirector
Benjamin RussellDirector
Dimo Popov M DDirector
Don LillyDirector
Jennifer Steele MdDirector
Steve ForehandDirector
Will FernianyDirector
Ralph FrohsinSecretary/tr

Highest Paid Contractors

ContractorServicesLocationCompensation
Anesthesia Service Of B'hamAnesthesia Serv2151 OLD ROCKY RIDGE ROAD, Birmingham, AL 35216$1,159,000
Bone And Joint Specialist PCmo & Physician415 LAKEVIEW DRIVE, Alexander City, AL 35010$702,000
Alex City Grading LLCEarth Moving4246 COLEY CREEK ROAD, Alexander City, AL 35010$674,000
Memphis Pathology LaboratoryPathology SvsPO BOX 144225, Austin, TX 78714$672,000
Warren AverttAudit Services2500 ACTON ROAD, Birmingham, AL 35243$245,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,717,730
Program Service Revenue
$75,264,193
Investment Income
$302,203
Other Revenue
$3,068,367
All Other Contributions
$164,422
Change in Net Assets
$-6,010,952

Audited Revenue Reconciliation

Revenue per Audited Statements
$80,388,188
Revenue Not Reported on Financial Statements
$-35,695
Revenue Not Reported on Form 990
$501,857
Other Revenue Adjustments
$-35,695
Total Revenue per Audited Statements
$80,890,045
Total Revenue per Form 990
$80,352,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$45,040,470
Salaries, Compensation, and Employee Benefits$41,322,975
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$24,948,110$7,036,646-$31,984,756
Fees for Services Other$5,706,772$5,616,611-$11,323,383
Other Employee Benefits$4,376,967$1,307,406-$5,684,373
Depreciation Depletion$3,840,224--$3,840,224
Payroll Taxes$1,788,005$534,080-$2,322,085
Occupancy$2,079,857--$2,079,857
Interest$1,092,917$360,741-$1,453,658
Office Expenses$1,012,700$133,362-$1,146,062
Current Officers, Directors, Trustees, and Key Employees-$772,083-$772,083
Insurance$739,039--$739,039
Pension Plan Contributions$430,952$128,726-$559,678
Fees for Services Accounting-$193,117-$193,117
Other Expenses$151,721--$151,721
Fees for Services Legal-$101,398-$101,398
Travel$54,555$12,565-$67,120
All Other Expenses$11,569--$11,569
Total Functional Expenses$70,166,710$16,196,735$0$86,363,445

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$86,399,140
Expenses per Audited Statements$86,363,445
Total Expenses per Form 990$86,363,445
Expenses Not Reported on Form 990$35,695
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
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Thomas RadneyBoard MemberLegal ServicesNo$16,500
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties/uab$62,501,227
Deferred Compensation$3,149,751
Third Party Settlements$679,507
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Russell medical center is in a management relationship with uab - planning/executing budgets and fiancial operations, and supervising exempt operations. Uab is part of the university of alabama system.

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

Form 990 is provided to the board of directors for review prior to filing with the irs and is an agenda item at a regularly scheduled board meeting.

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

Board members must complete an annual disclosure statement. They are required to recuse themselves from all discussion and votes when a potential conflict of interest is identified. The board, along with hospital administration, is responsible for monitoring events which may give rise to a potential conflict of interest.

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

Russell medical center determines appropriate compensation for the ceo all other officers and any key employees through the use of an independent compensation consultant. Results and recommmendations are forwarded to the board of directors for final determinations.

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

SEE 15(A) ABOVE.

Form 990, Page 6, Part VI, Line 19

In general, these documents are not available to the public.

Filing and Contact Details

Filer

Filer Name
Russell Hospital Corporation
EIN
63-0385130
Address
PO BOX 939, ALEXANDER CITY, AL 35010

Signing Officer

Name
James M Fisher
Title
CFO
Signed
2023-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lother E Peace Iii
Formed
1923
Legal Domicile
Al
Voting Board Members
14
Independent Board Members
11
Employees
836
Volunteers
62

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 - ORGANIZATION'S MISSION

Russell medical center is a progressive,not-for-profit, acute care facility serving the needs of east central alabama. Russell medical center and its physicians are committed to providing the highest standards of patient care and customer service. Our mission is simple: being the best

Form 990, Part IX, Line 11G

Professional fees 5,706,772 0 0 contract labor 0 5,616,611 0 total 5,706,772 5,616,611 0

Form 990, Part XI, Line 9

Change in pension 5,664,860 capital contributions 124,835 periodic pension cost 623,027 gain on equity investments 4,900 legacy project pledge adjustment 432,450 asu no. 2016-02 implementation -375,059 total 6,475,013

Financial Statement Notes

Schedule D, Page 3, Part X

The hospital is exempt from federal income taxes under section 501(a) of the internal revenue code as an organization described in section 501(c) (3). The hospital has evaluated its tax positions as required under the relevant accounting standards and has determined that it does not have any uncertain tax positions that it would be unable to substantiate upon examination. Returns have been filed for all years through december 31, 2021. Tax returns for 2019 and subsequent are subject to audit by taxing authorities.

Schedule D, Page 4, Part XI, Line 2D

Net periodic pension cost 623,027 gain on equity method investment 4,900

Schedule D, Page 4, Part XI, Line 4B

Rental expense -396,436 reclassified interest 360,741

Schedule D, Page 4, Part XII, Line 2D

Rental expenses 396,436 reclassified interest -360,741

Raw XML AppendixShowing 400 of 892 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0RUSSELL MEDICAL CENTER IS AN 81-BED ACUTE CARE HOSPITAL LOCATED IN ALEXANDER CITY, ALABAMA. IT SERVES PATIENTS DRAWN FROM A 7-COUNTY SERVICE AREA WHICH INCLUDES TALLAPOSSA, COOSA, ELMORE, TALLADEGA, CLAY, LEE AND CHAMBERS COUNTIES. THE HOSPITAL HAS A 24/7 EMERGENCY DEPARTMENT THAT PROVIDED CARE FOR 18,586 PATIENTS IN 2022. AMONG OTHER SERVICES, THE HOSPITAL OFFERS CHEMOTHERAPY (IN 2022, THE HOSPITAL SERVED 5,013 PATIENTS); HEART CATHERTIZATION (PERFORMING 674 PROCEDURES DURING THE YEAR); AND, VASCULAR SERVICES (24 HOUR A DAY, 7 DAYS) A WEEK TO OUR SERVICE COMMUNITY.
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