15 April 2009 at 9:24:06 AM
We happened to be up at the courthouse yesterday and ran into C T. He had a copy of a very recent profit loss statement from GRMC (which is a dba for Glen Rose Medical Foundation) and we also made a copy-linked HERE (pdf). Two things-one is that this statement does not break down the actuals from amongst all entities-for example, one would assume that the nursing home and the clinic would have different numbers, and it may be that the actuals would show that one entity versus another was making a profit or loss, rather than consolidating them together. So, first, which entities represent the consolidation? We were told that earlier reports actually broke down to at least 3 entitiies, to include a 501a-what is that 501a? Also notice that, despite other factors such as accounts receivables due, the GRMC was projected to make a profit. If so, then why would there be a need to tax the county via a hospital district?
Tags: glen rose medical center glen rose medical foundation profit-loss statement
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