SOMC is a general hospital based in Portsmouth, OH that was founded in 1954. As of 2018 they had $390 million in revenue and $485 million in assets.
Southern Ohio Medical Center is striving to provide the highest quality care to make healthcare a remarkable experience for everyone served. Their mission is to truly make a difference in the lives of patients, employees, and the surrounding community.
EIN:
31-0678022
City:
Portsmouth
State:
Website:
Phone:
740 356-5000
Facebook:
Twitter:
Founded:
1954
Type:
501(c)(3)
NTEE:
Revenue:
$390,212,260
Assets:
$485,415,157
Employees:
3,331
Fiscal year end:
June
Program areas at SOMC
Southern Ohio Medical Center is an active member of the communities it serves and is involved in various programs and activities throughout the area. Community is what drives somc to achieve excellence in healthcare and to make a difference in the lives of those around us. The economic, educational, recreational and cultural activities of the local area show the wide sweep of somc's community involvement and their efforts to build and maintain strong relationships. It's through these relationships that somc has been recognized for many outstanding accomplishments, receiving such notable honors as ancc's magnet recognition, osha's vpp star status, press ganey's distinctive workplace award, as well as being named one of fortune's 100 best companies to work for and one of modern healthcare's 100 best places to work. Key decisions made at somc are guided by five strategic values: safety, quality, service, relationships and performance. Relationships shape many facets of ...
Form 990s for SOMC
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2018-06 | Jul 23, 2019 | 990 | View PDF |
| 2017-06 | Jun 14, 2018 | 990 | View PDF |
| 2016-06 | Nov 21, 2017 | 990 | View PDF |
| 2015-06 | Aug 1, 2016 | 990 | View PDF |
| 2014-06 | Jul 15, 2015 | 990 | View PDF |
| ...and five more Form 990 PDFs |
Financials for SOMC
| Field | 2018 | 2017 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $0 | $0 | |
| Related organizations | $55,123 | $72,094 | -23.5% |
| Government grants (contributions) | $0 | $0 | |
| Normal grants, contributions, etc. | $45,000 | $38,069 | 18.2% |
| <em>Non-cash contributions included in above</em> | $0 | $0 | |
| Total grants, contributions, etc. | $100,123 | $110,163 | -9.1% |
| Field | 2018 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $100,123 | $110,163 | -9.1% |
| Program services | $371,133,718 | $342,851,865 | 8.2% |
| Investment income and dividends | $7,310,769 | $3,824,310 | 91.2% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $1,383 | $28,677 | -95.2% |
| Net gain from sale of non-inventory assets | $1,806,833 | $1,172,115 | 54.2% |
| Net income from fundraising events | $0 | $0 | |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $9,859,434 | $5,468,272 | 80.3% |
| Total revenues | $390,212,260 | $353,455,402 | 10.4% |
| Field | 2018 | 2017 | % Change |
|---|
| Grants to govts. and orgs. in USA | $238,811 | $320,470 | -25.5% |
| Grants to individuals in USA | $0 | $0 | |
| Grants to govts., orgs., and individuals outside USA | $0 | $0 | |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $3,931,393 | $3,741,167 | 5.1% |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $118,363,222 | $113,143,800 | 4.6% |
| Pension/retirement accruals and contributions | $5,642,078 | $5,250,254 | 7.5% |
| Other employee benefits | $8,515,003 | $8,017,138 | 6.2% |
| Payroll taxes | $33,762,434 | $28,039,838 | 20.4% |
| Management fees | $3,076,235 | $2,280,335 | 34.9% |
| Legal fees | $476,805 | $420,270 | 13.5% |
| Accounting fees | $261,909 | $205,754 | 27.3% |
| Lobbying fees | $9,972 | $5,526 | 80.5% |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $0 | $0 | |
| Other fee-for-service | $18,236,328 | $16,636,628 | 9.6% |
| Advertising and promotion | $2,244,536 | $2,066,957 | 8.6% |
| Office expenses | $22,059,500 | $19,773,904 | 11.6% |
| Information tech. expenses | $3,131,630 | $2,908,461 | 7.7% |
| Royalty expenses | $0 | $0 | |
| Occupancy | $21,138,211 | $20,177,218 | 4.8% |
| Travel | $422,772 | $357,230 | 18.3% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $1,320,657 | $1,197,545 | 10.3% |
| Interest | $5,470,787 | $5,670,927 | -3.5% |
| Payments to affiliates | $0 | $15,865,631 | -100% |
| Depreciation, amortization, etc. | $16,177,817 | $0 | 999% |
| Insurance | $1,811,044 | $623,440 | 190.5% |
| All other expenses | $72,387,143 | $60,876,558 | 18.9% |
| Total expenses | $338,678,287 | $307,579,051 | 10.1% |
| Field | 2018 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $281,347 | $90,783 | 209.9% |
| Savings, short-term investments, etc. | $17,033,284 | $12,978,047 | 31.2% |
| Pledges and grants receivable | $0 | $0 | |
| Accounts receivable | $44,703,366 | $36,616,405 | 22.1% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $0 | $0 | |
| Inventories for use | $6,338,558 | $6,652,310 | -4.7% |
| Prepaid expenses and deferred charges | $2,884,227 | $2,856,651 | 1.0% |
| Buildings, equipment, etc. post-depreciation | $139,428,828 | $140,589,475 | -0.8% |
| Investments, publicly traded securities | $254,955,945 | $264,044,445 | -3.4% |
| Investments, other securities | $4,442,808 | $3,920,714 | 13.3% |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $15,346,794 | $15,360,848 | -0.1% |
| Total assets | $485,415,157 | $483,109,678 | 0.5% |
| Field | 2018 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $32,625,475 | $34,985,576 | -6.7% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $0 | $0 | |
| Tax-exempt bond liabilities | $117,475,037 | $120,918,412 | -2.8% |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $0 | $0 | |
| Unsecured notes and loans payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $28,326,808 | $30,486,027 | -7.1% |
| Total liabilities | $178,427,320 | $186,390,015 | -4.3% |
| Field | 2018 | 2017 | % Change |
|---|
| Unrestricted net assets | $306,987,837 | $296,719,663 | 3.5% |
| Temporarily restricted net assets | $0 | $0 | |
| Permanently restricted net assets | $0 | $0 | |
Vendors for SOMC
| Vendor | Services | Amount paid | Date |
|---|
| Aon Consulting Inc | Insurance agent or broker; Actuarial services | $89,943 | 2020-02-29 |
| ████ █████████ ███████ ██ █████ ███████ | Insurance | | 2020-02-29 |
| █████ ████ █████████ ███ | Insurance | | 2020-02-29 |
| ██████ ███ █████ ████ | Tax accounting; Audit accounting | | 2019-12-31 |
| █████ ████ ████ ███ ███████ | | $3,433 | 2019-12-31 |
| ███████ █████ █████ | Investment management | $146,631 | 2019-12-31 |
| █████████ █████ ███ | Therapy Services | $6,606,114 | 2018-06-01 |
| ██████ ███████ ██████████ | Physician Services | $5,878,415 | 2018-06-01 |
| ...and three more vendors |
Personnel at SOMC
| Name | Title | Compensation | Most recent data |
|---|
| Megan McKenzie | President and Chief Executive Officer | - | Sept. 26, 2020 |
| Randal Arnett | President and Chief Executive Officer - Somc | $1.1 million | June 30, 2018 |
| █████ ████ | Chief of Staff | $0 | June 30, 2018 |
| ████ ████ | Vice President Finance - Somc | $464,474 | June 21, 2019 |
| █████ █ ████ | Vice President Human Resources and Organizational Development | $291,565 | June 30, 2018 |
| ███████ █ ████████ | Vice President Patient Services and Chief Nursing Officer - Somc | $344,724 | June 30, 2018 |
| ███████ █ ███████ | Vice President Medical Affairs - Somc | $627,701 | June 30, 2018 |
| ████████ █ ████ | Vice President Support Services - Somc | $268,853 | June 30, 2018 |
| █████ █ ███████ | Administrative Director of Information Systems | $205,495 | June 30, 2018 |
| ████ █ ████████ | Administrative Director of Pharmacy | $244,306 | June 30, 2018 |
| ...and 12 more key personnel |
Peer general hospitals
| | Name | Type | Revenue | Location |
|---|
| 1 | Mercy Hospital Anderson | 501(c)(3) | $204 million | Cincinnati, OH |
| 2 | United Hospital Center | 501(c)(3) | $407 million | Bridgeport, WV |
| 3 | Ascension Providence | 501(c)(3) | $277 million | Waco, TX |
| 4 | University Medical Center New Orleans (UMCNO) | 501(c)(3) | $675 million | New Orleans, LA |
| 5 | Knapp Medical Center | 501(c)(3) | $129 million | Weslaco, TX |
| 6 | Mercy Health - Clermont Hospital LLC | 501(c)(3) | $108 million | Batavia, OH |
| 7 | Mount Carmel Health | 501(c)(3) | $698 million | Columbus, OH |
| 8 | Bethesda Hospital | 501(c)(3) | $663 million | Cincinnati, OH |
| 9 | Mercy Medical Center | 501(c)(3) | $324 million | Canton, OH |
| 10 | University of Cincinnati Medical Center LLC | 501(c)(3) | $747 million | Cincinnati, OH |
| 11 | Mary Rutan Hospital | 501(c)(3) | $109 million | Bellefontaine, OH |
| 12 | Salem Regional Medical Center | 501(c)(3) | $118 million | Salem, OH |
| 13 | Upper Valley Medical Center (UVMC) | 501(c)(3) | $152 million | Dayton, OH |
| 14 | Lake Health / Lake Hospital System Inc | 501(c)(3) | $414 million | Concord, OH |
| 15 | Mercy Lorain Region | 501(c)(3) | $199 million | Lorain, OH |
| 16 | St Vincent Mercy Medical Center | 501(c)(3) | $466 million | Toledo, OH |
| 17 | Ohio Health | 501(c)(3) | $247 million | Mansfield, OH |
| 18 | St Vincent Charity Medical Center | 501(c)(3) | $146 million | Cleveland, OH |
| 19 | ProMedica Toledo Hospital | 501(c)(3) | $977 million | Toledo, OH |
| 20 | Miami Valley Hospital | 501(c)(3) | $966 million | Dayton, OH |
| 21 | St John Medical Center | 501(c)(3) | $162 million | Brecksville, OH |
| 22 | Humility of Mary Health Partners | 501(c)(3) | $630 million | Youngstown, OH |
| 23 | Licking Memorial Hospital (LMHS) | 501(c)(3) | $268 million | Newark, OH |
| 24 | Summa Health Group Return | 501(c)(3) | $1.0 billion | Akron, OH |
| 25 | University Hospitals Portage Medical Center | 501(c)(3) | $160 million | Ravenna, OH |