South Peninsula Hospital Inc
78% goes to programs $0 to raise $100 Strong reserves Growing revenue
South Peninsula Hospital Inc is a 501(c)(3) organization based in Homer, Alaska, registered in 1972, with $133,199,966 in FY2023 revenue. CharityIndex grades it A, and it directs about 78% of spending to programs.
4300 Bartlett St, Homer, AK, 99603 EIN 92-0037099 Since 1972
Revenue (FY2023)
$133.2M
▲ 17.4% vs prior year
Health median: $840K
Expenses (FY2023)
$129.4M
Net assets
$94.5M
Employees
704
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating78% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For South Peninsula Hospital Inc: 78% to programs · $0 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating9 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For South Peninsula Hospital Inc: 9 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For South Peninsula Hospital Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For South Peninsula Hospital Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
South peninsula hospital promotes community health and wellness by providing personalized, high-quality, locally coordinated healthcare.
What they do
The hospital operates several provider based clinics which include family medicine, orthopedics, general surgery, neurology, internal medicine, mental health, obgyn, and urology. these various outpatient provider based clinics had 43,130 patient visits during fy24.
The hospital operates a long term care facility that provides skilled nursing care to an average of 24 patients daily for a total of 8581 resident days during fy24.
Our home health division caring for patients in the home performed 4,413 home visits during the tax year.
Contact & location
- Address
- 4300 Bartlett St, Homer, AK, 99603
- City
- Homer
- State
- Alaska
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $55.0M (FY2013) to $133.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $27.5MNet assets $94.5M
Operating margin
2.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$122.0M
Total liabilities
$27.5M
Net assets
$94.5M
Salaries & benefits
$86.8M
67% of expenses
Board members
11
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $133,199,966▲17.4% | $129,405,244▲16.8% | $94,463,025▲4.2% | $121,999,892▲6.6% | 990 |
| 2022 | $113,484,050▲2.1% | $110,793,354▲4.4% | $90,668,303▲3.2% | $114,392,821▲1.0% | 990 |
| 2021 | $111,103,111▲9.6% | $106,142,419▲19.9% | $87,855,280▲5.9% | $113,248,442▲2.6% | 990 |
| 2020 | $101,388,803▲16.1% | $88,517,176▲14.7% | $82,986,125▲18.4% | $110,326,959▼4.2% | 990 |
| 2019 | $87,306,366▲0.7% | $77,175,246▲2.6% | $70,114,498▲16.9% | $115,136,067▲26.5% | 990 |
| 2018 | $86,694,819▲8.7% | $75,238,686▼0.7% | $59,983,378▲23.6% | $91,033,079▲9.7% | 990 |
| 2017 | $79,749,587▲7.4% | $75,740,633▲5.4% | $48,527,245▲9.0% | $82,986,015▲4.3% | 990 |
| 2016 | $74,231,758▲11.6% | $71,846,338▲9.5% | $44,518,291▲5.7% | $79,565,579▲14.3% | 990 |
| 2015 | $66,526,394▲8.5% | $65,623,417▲11.9% | $42,132,871▲2.2% | $69,581,307▲0.6% | 990 |
| 2014 | $61,294,402▲11.5% | $58,623,607▲8.2% | $41,229,894▲5.4% | $69,160,250▲6.2% | 990 |
| 2013 | $54,972,418 | $54,194,998▲9.6% | $39,124,352▲2.0% | $65,102,426▲1.8% | 990 |
| 2012 | — | $49,450,599▲21.2% | $38,346,932▲3.5% | $63,920,463▲3.6% | 990 |
| 2011 | — | $40,814,157▲6.3% | $37,033,541▲6.4% | $61,723,129▲3.3% | 990 |
| 2010 | — | $38,377,244▲15.4% | $34,793,971▼0.6% | $59,764,131▼1.8% | 990 |
| 2009 | — | $33,254,187 | $34,999,409 | $60,883,752 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Brent Adcox — $1,507,619 (1.17% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Brent Adcox | Orthopaedic Surgeon | 40 | $1,507,619 |
| Edson Knapp | Director and Radiologist | 40 | $999,329 |
| Ryan Smith | Ceo | 40 | $629,779 |
| Nathan Kincaid | Physician | 40 | $615,235 |
| Michael Boling | Director and General Surgeon | 40 | $511,651 |
| Christopher Landess | Er Physician | 40 | $489,225 |
| Paula Godfrey | Physician | 40 | $458,488 |
| Lucy Fisher | Physician | 40 | $437,316 |
| Christina Tuomi | Cmo | 40 | $402,525 |
| Angela Hinnegan | Coo | 40 | $304,668 |
| Rachael Kincaid | Cno | 40 | $259,403 |
| Anna Hermanson | Cfo | 40 | $240,515 |
| Aaron Weisser | President | 2 | $8,125 |
| Walter Partridge | Treasurer | 2 | $7,500 |
| Mary Wythe | Secretary | 2 | $6,625 |
| Melissa Jacobsen | Vice President | 2 | $6,625 |
| Bernadette Wilson | Director | 2 | $6,000 |
| Matt Hambrick | Director | 2 | $6,000 |
| Julie Woodworth | Director | 2 | $3,750 |
| Kelly Cooper | Director | 2 | $3,750 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Hudson Staffing | Temporary Contract Staffing | $698,104 |
| The Good Life Medstaff | Temporary Contract Staffing | $461,035 |
| J Ross Tanner | Physician Services | $396,350 |
| Kurt Mentzer | Physician Services | $376,223 |
| Peak Imaging | Physician Services Imaging | $370,376 |
Grants received · $50K total
1 grant to South Peninsula Hospital Inc totaling $50K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Alaska Community Foundation | Operational support | 2020 | $50,000 |
Grants made · $152K in FY2023
3 grants totaling $152K in FY2023. All grants made by South Peninsula Hospital Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Elemental Consulting | Support for community mapp program, mobilizing action through planning and partnerships, a coalition for health improvement on the peninsula. this program supports all things recovery. | $80,577 |
| Hospice of Homer | Support for the hospice program and community resource for dme and end of life care. | $51,540 |
| Kachemak Bay Family Planning Clinic | Support for private community std testing. | $20,106 |
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Frequently asked questions
- Is South Peninsula Hospital Inc a legitimate nonprofit?
- Yes. South Peninsula Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 92-0037099, based in Homer, Alaska. Donations are tax-deductible.
- What is South Peninsula Hospital Inc's EIN?
- South Peninsula Hospital Inc's Employer Identification Number (EIN) is 92-0037099.
- How much revenue does South Peninsula Hospital Inc report?
- South Peninsula Hospital Inc reported $133,199,966 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of South Peninsula Hospital Inc's spending goes to programs?
- South Peninsula Hospital Inc spends about 78% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does South Peninsula Hospital Inc have?
- CharityIndex grades South Peninsula Hospital Inc A, based on program efficiency and fundraising cost.
- How much does South Peninsula Hospital Inc's highest-paid employee make?
- The highest reported compensation on South Peninsula Hospital Inc's latest Form 990 is $1,507,619, paid to Brent Adcox (Orthopaedic Surgeon).
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Data for South Peninsula Hospital Inc (EIN 92-0037099) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.