Fort Loudoun Medical Center

EIN: 621373691 501(c)(3) Health Care

Knoxville, TN

Total Revenue
$47,851,237
Total Expenses
$43,568,175
Total Assets
$24,725,176
Net Assets
$20,280,353
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Organization Details

Formation Year
1988
Legal Domicile
TN
Principal Officer
James D VanderSteeg
Phone
8653745329
Tax Period
2023-01-01 to 2023-12-31

Fort Loudoun Medical Center, founded in 1988, is a mid-sized nonprofit in the Health Care sector that reported $47.9M in total revenue in fiscal year 2023. Expenses of $43.6M left a modest 9% surplus.

Mission

Fort Loudoun 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: $42,404,479 Revenue: $47,572,682

Fort Loudoun Medical Center ("Fort Loudoun") has been located in Lenoir City, Tennessee, since 2004, after serving the area from a previous location in Loudon County for many years.SERVICEFort...

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Fort Loudoun Medical Center ("Fort Loudoun") has been located in Lenoir City, Tennessee, since 2004, after serving the area from a previous location in Loudon County for many years.SERVICEFort Loudoun is known for quality and safety, and has earned accolades for top performance on core measures for inpatient care. The medical center is in the top 10 percent of hospitals nationwide in the prevention of hospital-acquired infections. The medical center is certified by The Joint Commission as an Advanced Primary Stroke Center. As part of Covenant Health's stroke hospital network, Fort Loudoun provides rapid diagnosis and treatment of stroke. In 2023 the hospital saw 63,709 patients. Of these, 61,524 were outpatients and 2,185 were inpatients with an average length-of-stay of 4.55 days. PUTTING PATIENTS FIRSTFort Loudoun Descriptive Highlights- 87,000-square-foot facility, with an adjacent two-story medical office building - 50 beds -State-of-the-art imaging: X-Ray, CT, MRI, nuclear medicine and Low-Dose CT Lung Cancer screening. The hospital's Picture Archiving and Communications System (PACS) allows for digital capture, storage and transmission of medical images.- Emergency department with 12 private suites, open 24/7, 365 days a year- Surgical suites for endoscopy and gastrointestinal procedures; ear, nose and throat; gynecology; ophthalmology; orthopedic; podiatry; pulmonology, and general non-invasive procedures- Women's Imaging department offers mammography, ultrasound and bone density testing- Central registration area- Spacious private and semi-private rooms- Helipad for emergency transportation- Physicians representing various medical specialties provide a growing community with increased access to convenient, local care.IMPROVING THE COMMUNITY'S QUALITY OF LIFE THROUGH BETTER HEALTHThe hospital staff works with community partners such as the school system, local support groups, retirement communities, and senior centers to provide relevant education on topics such as recognizing the signs of a stroke, the importance of having a primary care physician, and other health-related topics. COVENANT HEALTHFort Loudoun is a member of Covenant Health. Covenant Health is a community-owned, clinically integrated healthcare enterprise dedicated to being the region's premier healthcare network through service, community and innovation. Our mission is to improve the quality of life in our region through better health. Established in 1996 by the consolidation of Fort Sanders Health System, Knoxville, Tennessee, and MMC HealthCare System in Oak Ridge, Covenant Health is governed by a voluntary board of directors comprised of community leaders and medical professionals. With more than 11,000 employees, affiliated physicians and volunteers, Covenant Health is the Knoxville area's largest employer and has been named a Best Employer multiple times by Forbes. Covenant Health includes nine acute care hospitals in East Tennessee: Fort Sanders Regional Medical Center and Parkwest Medical Center in Knoxville, Methodist Medical Center of Oak Ridge, Fort Loudoun Medical Center in Lenoir City, LeConte Medical Center in Sevierville, Morristown-Hamblen Healthcare System in Morristown, Roane Medical Center in Harriman, Claiborne Medical Center in Tazewell and Cumberland Medical Center in Crossville. It also includes Peninsula, a division of Parkwest Medical Center, a behavioral health hospital in Blount County, Tennessee. The health system also includes Covenant Medical Group, which includes more than 200 physicians and advanced practice clinicians in office locations throughout East Tennessee. Affiliated organizations include Thompson Cancer Survival Center, Thompson Oncology Group, Fortress Corporation and Subsidiaries, Covenant HomeCare, and Fort Sanders Perinatal Center. Philanthropic organizations include Fort Sanders Foundation and the Thompson Cancer Survival Center Foundation in Knoxville, Methodist Medical Center Foundation in Oak Ridge, Dr. Robert F. Thomas Foundation in Sevierville, and Morristown-Hamblen Hospital Foundation in Morristown. Funds raised by the foundations provide services, equipment and other resources for excellence in patient care.Fort Loudoun, as a member of the Covenant Health system, benefits from the collaboration among all affiliated organizations to promote quality improvement, patient safety and efficient delivery of care for the communities served.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $398
Program Service Revenue $47,563,802
Investment Income $11,143
Other Revenue $275,894
TOTAL REVENUE $47,851,237

Expense Breakdown

Grants Paid $15,747
Salaries & Benefits $16,972,294
Fundraising Expenses $0
Program Expenses $42,404,479
Other Expenses $26,580,134
TOTAL EXPENSES $43,568,175

Year-over-Year Comparison

2023 2022 Change
Revenue $47,851,237 $45,777,328 +0.0%
Expenses $43,568,175 $40,508,733 +0.1%
Net Income $4,283,062 $5,268,595 -0.2%
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
380
Volunteers
57

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
$5,128,584
Total Directors
23
$3,135,371
Key Employees
1
$188,731
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
M Scott Hamilton VP - Financial Services 10.00
Officer
$0 $42,736 $288,486
Connie B Martin President & CAO 50.00
Officer
$0 $32,917 $329,984
Suzanne Miller VP - Chief Nursing Officer 50.00
Key Emp
$171,993 $16,738 $188,731
Brenda L Smith Clinical Nurse 50.00
Highest
$153,730 $29,889 $183,619
Ashley N Touton Clinical Nurse 50.00
Highest
$143,387 $18,247 $161,634
Julie A Roberts Team Leader - Ultrasound 50.00
Highest
$131,415 $26,345 $157,760
Steven M Mccullar Jr Administrative Supervisor 50.00
Highest
$128,506 $15,183 $143,689
Hunter Owen Pharmacist 50.00
Highest
$114,386 $25,852 $140,238
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 $47,851,237 $43,568,175 $24,725,176 $4,283,062
2022 $45,777,328 $40,508,733 $20,744,558 $5,268,595
2021 $41,411,199 $37,856,598 $20,853,136 $3,554,601
2020 $37,582,393 $35,533,823 $23,056,892 $2,048,570
2019 $37,052,487 $34,743,243 $20,682,464 $2,309,244
2018 $34,357,993 $33,576,011 $21,008,822 $781,982
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