Piedmont Newton Hospital Inc

EIN: 582155150 501(c)(3)

COVINGTON, GA

Total Revenue
$239,177,505
Total Expenses
$202,483,894
Total Assets
$66,775,814
Net Assets
$40,214,565
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
GA
Phone
7707867053
Tax Period
2023-07-01 to 2024-06-30

Piedmont Newton Hospital Inc is a 501(c)(3) with EIN 582155150, based in COVINGTON, GA. Founded in 1995, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $239,177,505 in total revenue and $202,483,894 in total expenses, with net assets of $40,214,565.

Mission

TO PROVIDE COMPASSIONATE AND SUSTAINABLE HEALTHCARE IN A PROGRESSIVE ENVIRONMENT.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $41,558
Program Service Revenue $238,009,777
Investment Income $-13,678
Other Revenue $1,139,848
TOTAL REVENUE $239,177,505

Expense Breakdown

Grants Paid $0
Salaries & Benefits $71,323,664
Fundraising Expenses $0
Program Expenses $179,360,034
Other Expenses $131,160,230
TOTAL EXPENSES $202,483,894

Year-over-Year Comparison

2023 2022 Change
Revenue $239,177,505 $188,376,017 +0.3%
Expenses $202,483,894 $176,486,321 +0.1%
Net Income $36,693,611 $11,889,696 +2.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
13
Independent Members
9
Employees
938
Volunteers
175

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$3,279,378
Total Directors
13
$3,309,852
Key Employees
2
$563,258
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR NORRIS LITTLE CMO/BOARD MEMBER 55.0
Officer Director
$523,440 $37,699 $561,139
MS LINDSEY PETRINI CEO & BOARD MEMBER 55.0
Officer Director
$202,687 $3,071 $205,758
DR BRAD JACOBY BOARD MEMBER 1.0
Director
$0 $0 $0
DR LEIGH HAMBY BOARD MEMBER 1.0
Director
$0 $37,793 $1,384,190
DR STEVEN MCINTOSH BOARD MEMBER 1.0
Director
$0 $0 $0
DR TAMEKA WALKER-BLAKE BOARD MEMBER 1.0
Director
$0 $0 $0
DR TIMOTHY PARK BOARD MEMBER 1.0
Director
$0 $0 $0
MR DAN MURPHY BOARD MEMBER 1.0
Director
$0 $0 $0
MR GREG HERRING BOARD MEMBER 1.0
Director
$0 $0 $0
MR J MICHAEL BURNETT BOARD MEMBER 1.0
Director
$0 $44,832 $1,158,765
MS DEBRA LARRY BOARD MEMBER 1.0
Director
$0 $0 $0
MS SERRA HALL BOARD MEMBER 1.0
Director
$0 $0 $0
REV DR ERIC WENDELL LEE SR BOARD MEMBER 1.0
Director
$0 $0 $0
MR THOMAS ARNOLD TREASURER/CFO PHC 1.0
Officer
$0 $39,510 $1,307,608
MS ELIZABETH LEDDY SECRETARY/CLO PHC 1.0
Officer
$0 $40,350 $1,204,873
MR JUSTIN ROBERTS CFO (UNTIL 9/2023) 18.0
Key Emp
$82,682 $33,128 $348,939
MS LORI MORRIS CFO (AS OF 9/2023) 25.0
Key Emp
$42,228 $20,745 $214,319
MR THEODORE HSU STAFF PHARMACIST 40.0
Highest
$173,003 $18,056 $191,059
MR WILLIAM LOVE EXEC. DIR. PATIENT SVCS 40.0
Highest
$234,388 $13,555 $247,943
MS ELIZABETH MURDOCK CNO 40.0
Highest
$220,596 $29,409 $250,005
MS LEIGH WILSON DIRECTOR - PHARMACY 40.0
Highest
$203,594 $24,435 $228,029
MS MEGAN SMITH MGR. CLINICAL PHARMACY 40.0
Highest
$170,135 $30,299 $200,434
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $239,177,505 $202,483,894 $66,775,814 $36,693,611
2023 $188,376,017 $176,486,321 $74,470,501 $11,889,696
2022 $175,594,483 $167,321,476 $82,512,946 $8,273,007
2021 $153,698,099 $137,537,692 $56,184,698 $16,160,407
2020 $112,744,781 $115,261,457 $54,190,794 $-2,516,676
2019 $115,736,746 $108,411,274 $59,120,561 $7,325,472
2018 $103,443,460 $115,768,331 $48,127,698 $-12,324,871
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