Morristown-Hamblen Hospital Association

EIN: 620545814 501(c)(3) Health Care

Knoxville, TN

Total Revenue
$140,103,926
Total Expenses
$127,016,752
Total Assets
$109,849,024
Net Assets
$97,251,884
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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
TN
Principal Officer
James D VanderSteeg
Phone
8653745329
Tax Period
2023-01-01 to 2023-12-31

Morristown-Hamblen Hospital Association, founded in 1952, is a major nonprofit in the Health Care sector that reported $140.1M in total revenue in fiscal year 2023. Expenses of $127.0M left a modest 9% surplus.

Mission

Morristown-Hamblen Hospital Association 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 the patient's ability to pay.

Program Service Accomplishments

Program 1
Expenses: $123,541,264 Revenue: $138,522,658

Founded in 1895, Morristown-Hamblen Healthcare System ("Morristown-Hamblen") is a 167-bed facility that has provided more than 100 years of care to its community. The hospital serves an eight-county...

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Founded in 1895, Morristown-Hamblen Healthcare System ("Morristown-Hamblen") is a 167-bed facility that has provided more than 100 years of care to its community. The hospital serves an eight-county region in the Lakeway Area of East Tennessee. SERVICEMorristown-Hamblen includes six centers of excellence: the Heart, Lung, and Vascular Center; Women's Center; Breast Center; Morristown Regional Cancer Center; Outpatient Surgery Center, Emergency Department and Critical Care Unit. Morristown-Hamblen received an "A" Hospital Safety Score from The Leapfrog Group in Fall 2023. In 2023 the hospital saw 124,050 patients. Of these, 116,924 were outpatients and 7,126 were inpatients with an average length-of-stay of 4.79 days. PUTTING PATIENTS FIRSTThe hospital's Morristown Regional Cancer Center offers comprehensive cancer care that includes medical oncology, chemotherapy, and radiation oncology, among other services. The radiation oncology department includes a highly specialized team of radiation therapists, a radiation oncologist, medical physicists and registered nurses. The program is the only provider of radiation therapy within a 45-mile radius of Morristown. The cancer center has a dedicated high-speed CT scanner for treatment simulation and planning, an advanced linear accelerator, and other state-of-the-art technology. The program offers treatments such as external beam radiation therapy, intensity-modulated radiation therapy, high-dose-rate brachytherapy and low-dose CT scans for early detection of lung cancer. Morristown-Hamblen's Heart, Lung, and Vascular Center offers a complete continuum of care including prevention, diagnostic, interventional and rehabilitative services for both inpatients and outpatients. Tests available include EKGs, Holter monitors, echocardiograms, and stress testing. Diagnostic and interventional catheterizations are performed using advanced technologies in angioplasty, drug-eluting stents, intra-aortic balloon pumps and closure devices. In 2023, Morristown-Hamblen opened a third cardiac cath lab to meet the growing heart care needs of the Lakeway area.Since opening Morristown-Hamblen Women's Healthcare of Morristown in 2018, women in all stages of life have received a wide range of care. This includes specialties such as gynecology, pregnancy care, hormonal and menopause management, and gynecological surgery. The Center partners with the Hamblen County Foundation for Educational Excellence to provide toolkits that include community resources and parenting guides to each new mother at the hospital.Morristown-Hamblen is certified under The Joint Commission's Gold Seal of Approval and the American Heart Association/American Stroke Association's Heart-Check mark for Advanced Certification for Primary Stroke Centers. The Gold Seal of Approval and the Heart-Check mark represent symbols of quality from their respective organizations for excellence in stroke care. The hospital is also a member of Covenant Health's stroke hospital network, which links Covenant Health's member hospitals in providing our region with access to rapid diagnosis and treatment of stroke. In 2023 Morristown-Hamblen Healthcare System was the first hospital in the Lakeway area to begin offering robotic-assisted joint replacement procedures, launching the technology with a knee replacement procedure. This advanced technology allows surgeons to customize treatment plans for their patients and make adjustments if needed during the procedure. The technology often results in less pain and faster recovery for patients. INTRODUCING MORRISTOWN-HAMBLEN WESTTo meet the healthcare needs of Morristown and the surrounding area, in June 2023 Morristown-Hamblen opened a 50,000-square-foot outpatient facility, Morristown-Hamblen West, to serve the growing community. The facility includes a free-standing emergency department, primary care, diagnostic imaging, a breast center and physician offices. As an expansion of the only hospital in the area, the additional Morristown-Hamblen location reduces the need for residents to travel long distances for care and decreases the wait time at the main hospital, providing faster care to more members of the community.PARTNERING WITH THE COMMUNITY FOR BETTER HEALTHIn early 2023 the City of Morristown opened Morristown Landing, a new multi-purpose recreation and events center that provides wellness, sports, and recreation programs, along with space for meetings and community events. Covenant Health was selected as the exclusive health and wellness partner for Morristown Landing. During the first year of Morristown Landing's operation, Morristown-Hamblen Healthcare System has provided posters and health education materials; presented programs on heart health, breast cancer and other health topics, and hosted quarterly health fairs. Athletic trainers from Covenant Health's Sports Medicine program provide injury prevention expertise during tournaments and other sporting events.

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Trantor Score

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

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $512,068
Program Service Revenue $139,105,759
Investment Income $24,334
Other Revenue $461,765
TOTAL REVENUE $140,103,926

Expense Breakdown

Grants Paid $6,700
Salaries & Benefits $47,769,542
Fundraising Expenses $0
Program Expenses $123,541,264
Other Expenses $79,240,510
TOTAL EXPENSES $127,016,752

Year-over-Year Comparison

2023 2022 Change
Revenue $140,103,926 $136,975,269 +0.0%
Expenses $127,016,752 $118,733,361 +0.1%
Net Income $13,087,174 $18,241,908 -0.3%
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
22
Independent Members
21
Employees
995
Volunteers
39

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
$5,279,353
Total Directors
23
$3,135,371
Key Employees
1
$208,663
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
Gordon E Lintz President & CAO 50.00
Officer
$0 $23,597 $557,832
Amy E Herndon VP - Financial Services 50.00
Officer
$184,672 $26,735 $211,407
Lisa M Kelley VP - Chief Nursing Officer 50.00
Key Emp
$174,077 $34,586 $208,663
Robert J Drinnon Medical Physicist 50.00
Highest
$191,837 $38,226 $230,063
Pamela S Western Pharmacist 50.00
Highest
$140,540 $22,731 $163,271
Jacqueline S Lewis Clinical Nurse 50.00
Highest
$131,333 $34,053 $165,386
Sarah G Ramsey Supervisor Pharmacy 50.00
Highest
$122,744 $13,203 $135,947
Deborah K Cox Shift Leader Clinical Nurse 50.00
Highest
$119,618 $23,824 $143,442
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 $140,103,926 $127,016,752 $109,849,024 $13,087,174
2022 $136,975,269 $118,733,361 $90,654,910 $18,241,908
2021 $127,114,372 $110,708,769 $71,835,132 $16,405,603
2020 $119,818,179 $105,976,496 $85,899,390 $13,841,683
2019 $115,498,775 $99,170,871 $67,514,302 $16,327,904
2018 $95,959,667 $87,789,809 $67,907,412 $8,169,858
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