Independent Healthcare Management Inc, Lackey Mem Hosp & Convalesant Home in Magee, Mississippi (MS)

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Independent Healthcare Management Inc, Lackey Mem Hosp & Convalesant Home
Employer Identification Number (EIN)640770155
Name of OrganizationIndependent Healthcare Management Inc
Secondary NameLackey Mem Hosp & Convalesant Home
AddressPO BOX 1100, Magee, MS 39111-1100
ActivitiesHospital, Nursing or convalescent home, Health clinic
SubsectionCharitable Organization
Ruling Date06/1992
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$1,000,000 to $4,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$4,734,120
Amount of Income$26,919,815
Form 990 Revenue Amount$26,916,109
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Community Health Systems


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Amount of income in 2011: $26,919,815
This organization: 

 $26,919,815
Other organizations performing similar types of work: 

 $2,079,411

Assets in 2011: $4,734,120
This organization: 

 $4,734,120
Other organizations performing similar types of work: 

 $3,246,959

Expenses in 2007: $15,165,584
This organization: 

 $15,165,584
Other organizations performing similar types of work: 

 $25,657,865

Income to expenses ratio in 2007: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 83.4%
Independent Healthcare Management Inc, Lackey Mem Hosp & Convalesant Home: 

 83.4%
Other organizations performing similar types of work: 

 81.8%

Number of employees in 2007: 168
This organization: 

 168
Other organizations performing similar types of work: 

 530

Employees paid over $50,000 in 2007: 3.6%
Independent Healthcare Management Inc, Lackey Mem Hosp & Convalesant Home: 

 3.6%
Other organizations performing similar types of work: 

 20.7%

Grants share in income in 2007: 0.0%
Independent Healthcare Management Inc, Lackey Mem Hosp & Convalesant Home: 

 0.0%
Other organizations performing similar types of work: 

 0.5%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200520062007
Total revenue$13,005,167$14,732,730$15,336,405
Contributions, gifts, grants, and similar amounts received$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0
Indirect public support$0$0$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$13,001,152$14,714,159$15,306,654
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$2,652$18,571$29,751
Dividends and interest from securities$0$0$0
Net rental income or (loss)$0$0$0
Gross rents$0$0$0
Less: rental expenses$0$0$0
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$1,363$0$0
Gross amount from sales of assets other than inventory$11,896$0$0
Less: cost or other basis and sales expenses$10,533$0$0
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$0$0$0
Total expenses$11,721,378$13,401,286$15,165,584
Program services$9,670,343$10,983,024$12,643,475
Management and general$2,051,035$2,418,262$2,522,109
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$760,027$2,091,471$-254,224
Excess or (deficit) for the year$1,283,789$1,331,444$170,821
Net assets or fund balances at beginning of year$-939,036$760,027$2,091,471
Other changes in net assets or fund balances$415,274$0$-2,516,516
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$15,165,584$12,643,475$2,522,109$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$76,685$76,685$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$5,233,059$4,957,958$275,101$0
Pension plan contributions not included above$44,352$42,134$2,218$0
Employee benefits not included above$266,975$231,944$35,031$0
Payroll taxes$450,514$355,042$95,472$0
Professional fundraising fees$0$0$0$0
Accounting fees$34,858$0$34,858$0
Legal fees$0$0$0$0
Supplies$1,081,261$1,050,511$30,750$0
Telephone$57,829$30,374$27,455$0
Postage and shipping$28,519$9,346$19,173$0
Occupancy$344,988$326,563$18,425$0
Equipment rental and maintenance$496,321$457,630$38,691$0
Printing and publications$31,750$2,574$29,176$0
Travel$93,323$60,590$32,733$0
Conferences, conventions, and meetings$0$0$0$0
Interest$117,231$117,231$0$0
Depreciation, depletion, etc.$175,725$175,725$0$0
Other expenses not covered above$6,632,194$4,749,168$1,883,026$0
Balance Sheets
200520062007
Total assets$6,146,066$6,965,476$5,481,272
Cash - non-interest-bearing$441,153$714,571$251,651
Savings and temporary cash investments$0$0$269,353
Accounts receivable less allowance for doubtful accounts$4,331,964$4,812,309$3,402,212
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$256,839$256,839$0
Inventories for sale or use$81,488$0$0
Prepaid expenses and deferred charges$111,147$66,158$57,469
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$906,702$1,106,015$1,490,349
Other assets, including program-related investments$16,773$9,584$10,238
Total liabilities$5,386,039$4,874,005$5,735,496
Accounts payable and accrued expenses$3,641,923$3,047,288$3,715,096
Grants payable$0$0$0
Deferred revenue$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$1,744,116$1,826,717$2,020,400
Other liabilities$0$0$0
Total liabilities and net assets/fund balances$6,146,066$6,965,476$5,481,272
Total net assets or fund balances$760,027$2,091,471$-254,224
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200520062007
Total revenue$0$0$15,336,405
Total revenue, gains, and other support per audited financial statements$0$0$15,336,405
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200520062007
Total expenses$0$0$15,165,584
Total expenses and losses per audited financial statements$0$0$15,140,553
Other revenue$0$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$0$0$25,031
Investment expenses$0$0$0
Other$0$0$25,031
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$76,685$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings3
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006168
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$29,751$15,306,654
Program service revenue
Program service revenue 1000000$000$0$15,271,900
Program service revenue 2000000$000$0$32,562
Program service revenue 3000000$000$0$2,192
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$29,751$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$195,690$0$0
$189,992$0$0
$95,000$0$0
$76,685$0$0
$71,441$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isHospital, or a cooperative hospital service organization
Support Schedule
200420052006
Total$0$0$0
Gifts, grants, and contributions received$0$0$0
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$26,916,109
Contributions, Gifts, Grants and Other Similar Amounts$8,815
Program Service Revenue$26,899,997
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$4,903
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$2,394
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $6,100
Less: cost or other basis and sales expenses (Securities / Other)$0 / $3,706
Gain or (loss) (Securities / Other)$0 / $2,394
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$25,182,355
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$7,337,743
Payroll taxes$566,159
Professional fundraising services$0
Other$17,278,453
Balance Sheet (for 2011)
Total assets$4,734,120
Total liabilities$4,401,035
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$2,667,354
Unsecured notes and loans payable to unrelated third parties$0
Other$1,733,681
Total net assets or fund balances$333,085
Retained earnings, endowment, accumulated income, or other funds$333,085
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii)
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2Providence Medical Research Center101 W 8th Ave, Spokane, WA 99204-2307WA1946-03$1,231,839,049
3Saint Thomas Health Services4220 Harding Pike, Nashville, TN 37205-2005TN1988-01$236,028,271
4Gulf Health Hospitals IncPO BOX 2226, Mobile, AL 36652-2226AL1986-06$169,820,582
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6Wellspan HealthPO BOX 2767, York, PA 17405-2767PA1984-11$143,697,382
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8Norton Sound Health CorporationPO BOX 966, Nome, AK 99762-0966AK1975-12$122,659,995
9Centegra Health System385 Millennium Dr, Crystal Lake, IL 60012-3761IL1983-04$111,271,364
10Presence Saint Joseph Hospital Chicago2900 N Lake Shore Dr, Chicago, IL 60657-5640IL1984-03$101,632,740
11Atlantic General Hospital, Atlantic General Health System9733 Healthway Dr, Berlin, MD 21811-1155MD1989-12$89,163,932
12Lakewood Health System49725 County Road 83, Staples, MN 56479MN1997-02$85,712,427
13Taos Health Systems Inc Holy Cross Hospital1397 Weimer Rd, Taos, NM 87571-6253NM1981-07$66,660,724
14Hilltop Health Services Corporation1331 Hermosa Ave, Grand Jct, CO 81506-4099CO1998-10$29,230,866
15Independent Healthcare Management Inc, Lackey Mem Hosp & Convalesant HomePO BOX 1100, Magee, MS 39111-1100MS1992-06$26,919,815
16St Josephs Candler Hospital Inc5353 Reynolds St, Savannah, GA 31405-6015GA1997-08$19,675,112
17University Hospitals Laboratory Services Foundation11100 Euclid Ave, Cleveland, OH 44106-1716OH1989-02$16,785,000
18Pontotoc Health Services Inc830 S Gloster St, Tupelo, MS 38801-4934MS1988-11$21,567,181
19Family Health Care Clinic Inc4635 Highway 80 E, Pearl, MS 39208-4226MS1997-07$11,726,706
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Number of organizations performing similar types of work
Alaska1
Alabama4
Arkansas4
Arizona2
California17
Colorado8
Connecticut9
District of Columbia1
Delaware1
Florida6
Georgia7
Hawaii1
Iowa3
Illinois16
Indiana8
Kansas5
Kentucky4
Louisiana4
Massachusetts21
Maryland6
Maine4
Michigan12
Minnesota7
Missouri3
Mississippi5
Montana3
North Carolina7
Nebraska5
New Hampshire5
New Jersey12
New Mexico1
Nevada2
New York24
Ohio31
Oklahoma8
Oregon1
Pennsylvania34
Rhode Island1
South Carolina3
South Dakota3
Tennessee6
Texas11
Utah1
Virginia9
Vermont2
Washington4
Wisconsin5
West Virginia2
Total339

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