Fort Sanders Regional Medical Center

EIN: 620528340 501(c)(3) Health Care

Knoxville, TN

Total Revenue
$399,327,156
Total Expenses
$411,529,829
Total Assets
$271,470,046
Net Assets
$231,458,288
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
TN
Principal Officer
James D VanderSteeg
Phone
8653745329
Tax Period
2023-01-01 to 2023-12-31

Fort Sanders Regional Medical Center, founded in 1954, is a major nonprofit in the Health Care sector that reported $399.3M in total revenue in fiscal year 2023.

Mission

Fort Sanders Regional Medical Center provides quality healthcare, in alignment with Covenant Health's mission to serve the community by improving the quality of life through better health, regardless of a patient's ability to pay.

Program Service Accomplishments

Program 1
Expenses: $401,295,732 Revenue: $395,156,747

Fort Sanders Regional Medical Center ("Fort Sanders Regional") traces its beginnings to May 1919, when a group of physicians received a charter from the State of Tennessee for a new hospital to be...

Read more

Fort Sanders Regional Medical Center ("Fort Sanders Regional") traces its beginnings to May 1919, when a group of physicians received a charter from the State of Tennessee for a new hospital to be built on the site of the Civil War Battle of Fort Sanders. Fort Sanders Regional has grown throughout its 100+ year history to include 45 medical specialties. The hospital has 468 acute care beds, including the 22-bed Patricia Neal Rehabilitation Hospital, and 24 beds in the Fort Sanders Transitional Care Unit. SERVICEThe hospital is known for excellence in stroke care, neurosciences, cardiology, surgery, oncology, orthopedics, obstetrics, bariatrics, and rehabilitation medicine. In 2023, Fort Sanders Regional received an "A" Hospital Safety Grade from The Leapfrog Group. This national distinction celebrates Fort Sanders Regional's achievements in patient safety. Additionally, Fort Sanders Transitional Care Unit received a 5-star overall rating by the Centers for Medicare and Medicaid services.Fort Sanders Regional served 225,345 patients in 2023. Of these, 206,299 were outpatients and 19,046 were inpatients, with an average length-of-stay of 5.02 days.PUTTING PATIENTS FIRSTAs a neuroscience and rehabilitation center of excellence, Fort Sanders Regional is committed to providing the latest advancements for neurological care, including stereotactic neurosurgery and neuro-interventional radiology. When coupled with the comprehensive services of the Patricia Neal Rehabilitation Hospital, the neuroscience and rehabilitation programs provide services to optimize clinical and functional patient outcomes.Neurologic technology at the hospital includes an innovative 3D-imaging system that uses global positioning technology to give physicians real-time views inside the body without radiation, while facilitating less invasive and more precise surgeries. Fort Sanders Regional also offers diagnosis and treatment of epilepsy, Alzheimer's disease, dementia, Parkinson's disease and multiple sclerosis.Fort Sanders Regional continued to invest in technology and services to care for the people of East Tennessee. In 2023, the hospital grew the utilization of a new robotic-assisted bronchoscopy platform for minimally invasive lung biopsies. This technology is the first of its kind in East Tennessee and allows specially trained Fort Sanders Regional physicians to obtain tissue samples in deep regions of the lung, where many early-stage tumors are found.Fort Sanders Regional is designated by The Joint Commission as a Comprehensive Stroke and Rehabilitation Center of Excellence specializing in the acute management of strokes, including advanced treatment and research. Fort Sanders Regional is the hub of Covenant Health's stroke hospital network, which links Covenant Health's member hospitals in providing access to collaborative, rapid, advanced stroke care throughout our region. Fort Sanders Regional has also been home to the Patricia Neal Rehabilitation Center ("PNRC"), an award-winning rehabilitation center which served more than 600 inpatients annually. PNRC was East Tennessee's recognized leader in helping stroke, spinal cord, brain injury, and orthopedic patients rebuild their lives. Opened in 1978, PNRC offered a comprehensive team approach to care and provided an array of inpatient and outpatient services that otherwise would have been unavailable in the community.In 2020, Covenant Health announced a joint venture with Encompass Health for inpatient rehabilitation services. Plans included a new 51-bed, freestanding Patricia Neal Rehabilitation Hospital in west Knoxville to serve patients recovering from strokes, neurological disorders, brain injuries, spinal cord injuries, limb loss and complex orthopedic conditions. In addition, PNRC at Fort Sanders Regional was renovated to be a 22-bed hospital-in-hospital structure named Patricia Neal Rehabilitation Hospital- Downtown. Both facilities opened in February 2023. Fort Sanders Regional continues to offer outpatient therapies, numerous specialized treatment programs and patient/family support through the hospital's Patricia Neal Outpatient Center. In 2022, Fort Sanders Regional earned a three-year accreditation from the National Accreditation Program for Rectal Cancer (NAPRC), a quality program of the American College of Surgeons. It is the first hospital in the state to receive the accreditation.Fort Sanders Regional's award-winning Heart Center offers comprehensive cardiovascular services that span the continuum of heart care, from testing and advanced diagnostics to interventional technologies, cardiovascular surgeries, clinical trials and cardiac rehabilitation. Fort Sanders Regional is also recognized for excellence in surgery. The bariatric surgery program, which helps people who are morbidly obese reverse or eliminate medical risks associated with obesity through surgical treatment, is accredited as a Comprehensive Center under the Metabolic and Bariatric Surgery Accreditation and Quality Improvement Program. Fort Sanders Regional has received the Blue Cross BlueShield Blue Distinction designation for bariatrics, spine surgery, knee and hip surgery, and maternity care. In 2023, a total of 11,588 patients underwent surgery at Fort Sanders Regional in specialty areas, including:- Cardiothoracic Surgery- Cardiovascular Surgery- Colon/Rectal Surgery- Neurosurgery- Orthopedic Surgery- Plastic Surgery -Sinus Surgery and other Ear, Nose, and Throat Procedures- Surgical Oncology- Thoracic Surgery- Vascular SurgeryFort Sanders Regional also offers surgical oncology, the surgical management of cancer. Surgical oncologists may specialize in thoracic or gynecological procedures, along with other sub-specialties to help cancer patients. IMPROVING THE COMMUNITY'S QUALITY OF LIFE THROUGH BETTER HEALTHFort Sanders Regional is committed to building a healthy community through these and other initiatives: - The Innovative Recreation Cooperative offers innovative opportunities for individuals recovering from disabling illnesses or injuries to participate in adaptive sports and recreational activities.- Fort Sanders Regional's bariatric surgery seminars and support groups provide vital information to patients considering bariatric surgery and offer pre- and post-surgical support. - The Fort Sanders Regional Joint Center offers joint replacement education opportunities prior to surgery.- The stroke, spinal cord injury, brain injury and amputee support groups at Patricia Neal Outpatient Center help patients and families heal by bringing together those with common experiences who can provide group members with comfort, encouragement and advice. - Fort Sanders Regional's Teddy Bear University classes provide information and support for new parents, siblings and grandparents as they welcome a new baby. Class topics include pregnancy and childbirth, breastfeeding and more. Fort Sanders Regional is recognized as a Gold Safe Sleep Hospital by Cribs for Kids for providing education and vital information about safe sleep to the parents of newborns.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $164,521
Program Service Revenue $395,258,221
Investment Income $69,526
Other Revenue $3,834,888
TOTAL REVENUE $399,327,156

Expense Breakdown

Grants Paid $38,484
Salaries & Benefits $116,109,937
Fundraising Expenses $0
Program Expenses $401,295,732
Other Expenses $295,381,408
TOTAL EXPENSES $411,529,829

Year-over-Year Comparison

2023 2022 Change
Revenue $399,327,156 $378,161,897 +0.1%
Expenses $411,529,829 $396,190,451 +0.0%
Net Income $-12,202,673 $-18,028,554 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
22
Independent Members
21
Employees
2354
Volunteers
535

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
6
$5,415,254
Total Directors
23
$3,135,371
Key Employees
2
$514,920
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gerald Boyd Director 0.00
Director
$0 $0 $977
Willard Campbell MD Director 0.00
Director
$0 $0 $0
Michael Casey MD Director 0.00
Director
$0 $0 $0
Ronni Chandler Fmr Director (through June 2023) 0.00
Director
$0 $0 $0
Mitchell Dickson MD Director 0.00
Director
$0 $0 $796
Stephanie Flood Director 0.00
Director
$0 $0 $808
James Gibson Director 0.00
Director
$0 $0 $1,008
Edgar Gray Director 0.00
Director
$0 $0 $1,054
Leslye Hartsell Director 0.00
Director
$0 $0 $1,027
Donald Hickman Director 0.00
Director
$0 $0 $1,498
Timothy Matthews Director 0.00
Director
$0 $0 $1,196
Janice McKinley Director 0.00
Director
$0 $0 $1,222
Dave Miller Director 0.00
Director
$0 $0 $1,044
Bill Myers Director 0.00
Director
$0 $0 $0
Alvin Nance Director 0.00
Director
$0 $0 $1,044
Linda Ogle Director 0.00
Director
$0 $0 $0
King Purnell Director/Chair 0.00
Officer Director
$0 $0 $1,630
Jorge Sanabria Director 0.00
Director
$0 $0 $1,234
William Seale Director 0.00
Director
$0 $0 $1,321
Cosby Stone Director 0.00
Director
$0 $0 $1,595
Joe Sutter Director 0.00
Director
$0 $0 $1,462
James Tramontana MD Director 0.00
Director
$0 $0 $1,196
James D VanderSteeg President & CEO 0.00
Officer Director
$0 $352,568 $3,115,259
John T Geppi Fmr EVP/CFO (through June 2023) 0.00
Officer
$0 $24,345 $995,771
Joseph C Dolan EVP/CFO 0.00
Officer
$0 $38,564 $397,454
Keith N Altshuler President & CAO 44.00
Officer
$0 $34,825 $672,139
Brian J Lett VP - Financial Services 42.00
Officer
$204,058 $28,943 $233,001
April Mount VP - Chief Nursing Officer 50.00
Key Emp
$245,157 $29,755 $274,912
Christopher S Hall VP - Support Services 50.00
Key Emp
$221,545 $18,463 $240,008
Joseph M Bowling Medical Physicist 50.00
Highest
$231,262 $42,248 $273,510
Richard C Calloway Clinical Nurse 50.00
Highest
$199,465 $40,795 $240,260
Linda E Yoder Fmr Dir Surg Svcs(through Aug 2023) 50.00
Highest
$194,355 $22,928 $217,283
Shellie L Shock Administrative Supervisor 50.00
Highest
$174,436 $42,734 $217,170
Linda E Rodriguez Fmr Dir Pt Care Svcs(through Nov 23) 50.00
Highest
$170,497 $17,763 $188,260
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 No data No data No data No data
2023 $399,327,156 $411,529,829 $271,470,046 $-12,202,673
2022 $378,161,897 $396,190,451 $268,289,869 $-18,028,554
2021 $362,235,984 $357,500,271 $273,614,041 $4,735,713
2020 $339,085,833 $334,222,979 $271,065,552 $4,862,854
2019 $324,256,518 $318,998,611 $207,540,794 $5,257,907
2018 $296,685,084 $299,277,597 $175,267,869 $-2,592,513
Explore More Nonprofits
Top 100 Nonprofits in Tennessee Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Fort Sanders Regional Medical Center with other nonprofits in Tennessee and across the country.