Medical Center Of The Rockies
- Assets
- $644.9m
- Revenue
- $639.8m
- Investments
- $0.0
- Employees
- 3,569
- Location
- Fort Collins, CO
- Founding
- 12/2003
- Data as of
- 06/2021
- EIN
- 04-3730045
Organization Overview
Medical Center Of The Rockies is located in Fort Collins, CO. The organization was established in 2003. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Medical Center Of The Rockies employed 3,569 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Center Of The Rockies is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Medical Center Of The Rockies generated $639.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $485.4m during the year ending 06/2021. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Medical Center Of The Rockies has awarded 50 individual grants totaling $586,499,096. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE IMPROVE LIVES THROUGH LEARNING, HEALING, DISCOVERY, AND THROUGH HUMAN CONNECTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL CENTER OF THE ROCKIES (MCR) PROVIDES TERTIARY, ACUTE, INPATIENT, OUTPATIENT, AS WELL AS EMERGENCY CARE. MCR SERVICES COMMUNITIES IN NORTHERN COLORADO, SOUTHWESTERN NEBRASKA, AND SOUTHEASTERN WYOMING. DURING FISCAL YEAR 2022 MCR RECORDED 52,254 PATIENT DAYS; 9,729 INPATIENT ADMISSIONS; 2,844 OBSERVATION PATIENTS ADMISSIONS; 222,389 OUTPATIENT CLINIC VISITS; 54,631 EMERGENCY VISITS; 1,364 BIRTHS; 2,774 INPATIENT SURGERIES; 5,179 OUTPATIENT SURGERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Unger Chief Execuitve Officer | OfficerTrustee | 15 | $306,164 |
Christine Chin Director | Trustee | 1 | $0 |
Lisa Clay Vice Chair | OfficerTrustee | 1 | $0 |
Mike Dellenbach Director | Trustee | 1 | $0 |
Doug Erion Director | Trustee | 1 | $0 |
Dennis Houska Board Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Colorado Hospitalists Medical | 6/29/22 | $3,078,167 |
Northern Colorado Anesthesia Medical | 6/29/22 | $2,843,885 |
Orthopaedic & Spine Center Of The Rockie Medical | 6/29/22 | $1,482,720 |
Emergency Physicians Of The Rockies Medical | 6/29/22 | $1,323,147 |
The Nephrology Clinic Medical | 6/29/22 | $1,787,253 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,004,887 |
| Investment income | $6,045,763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,772 |
| Net Gain/Loss on Asset Sales | $43,807,954 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $89,197 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $639,819,063 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,786,109 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,437,000 |
| Pension plan accruals and contributions | $7,055,865 |
| Other employee benefits | $27,327,031 |
| Payroll taxes | $1,264,306 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $177,671 |
| Fees for services: Accounting | $32,855 |
| Fees for services: Lobbying | $25,633 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $525,052 |
| Fees for services: Other | $46,594,983 |
| Advertising and promotion | $1,153,153 |
| Office expenses | $2,195,568 |
| Information technology | $5,984,786 |
| Royalties | $0 |
| Occupancy | $3,472,678 |
| Travel | $41,298 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,979,448 |
| Interest | $3,926,703 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,554,500 |
| Insurance | $668,705 |
| All other expenses | $0 |
| Total functional expenses | $485,424,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,758,738 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,830,123 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,119,352 |
| Prepaid expenses and deferred charges | $2,152,517 |
| Investments—publicly traded securities | $344,991,071 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,421,539 |
| Total assets | $644,945,145 |
| Accounts payable and accrued expenses | $94,803,102 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $214,570,600 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $631,406 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,539,834 |
| Total liabilities | $311,544,942 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $333,400,203 |
Grants Awarded
Over the last fiscal year, Medical Center Of The Rockies has awarded $69,045,274 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
UC HEALTH MEDICAL GROUP PURPOSE: COMMUNITY HEALTHCARE | $66,181,172 |
UNIVERSITY OF CO SCHOOL OF MEDICINE PURPOSE: HEALTHCARE EDUCATION | $2,268,535 |
UCHEALTH NORTHERN COLORADO FOUNDATION PURPOSE: COMMUNITY HEALTHCARE | $513,362 |
UNITED WAY OF LARIMER COUNTY PURPOSE: COMMUNITY ASSISTANCE | $23,677 |
FRONT RANGE COMMUNITY COLLEGE PURPOSE: HEALTHCARE EDUCATION | $15,789 |
AMERICAN CANCER SOCIETY PURPOSE: COMMUNITY HEALTHCARE | $13,232 |