Bridges Medical Center
- Assets
- $19.3m
- Revenue
- $10.1m
- Investments
- $10.3m
- Employees
- 80
- Location
- Ada, MN
- Founding
- 10/2004
- Data as of
- 06/2020
- EIN
- 20-0479568
Organization Overview
Bridges Medical Center, operating under the name Essentia Health Ada, is located in Ada, MN. The organization was established in 2004. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Essentia Health Ada employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Essentia Health Ada 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 06/2020, Essentia Health Ada generated $10.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $9.1m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE CALLED TO MAKE A HEALTHY DIFFERENCE IN PEOPLE'S LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRIDGES MEDICAL CENTER, DBA ESSENTIA HEALTH ADA, IS CREATED & ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES. MORE SPECIFICALLY, ESSENTIA HEALTH ADA IS CREATED AND ORGANIZED TO PROMOTE THE HEALTH OF PATIENTS, INCLUDING CHARITABLE CARE TO PERSONS UNABLE TO PAY.ESSENTIA HEALTH ADA HAS A 14-BED CRITICAL ACCESS HOSPITAL AND MULTI-SPECIALTY CLINIC THAT SERVE NORMAN COUNTY. ESSENTIA HEALTH ADA OFFERS INPATIENT AND OUTPATIENT SERVICES, EMERGENCY SERVICES WITH LEVEL IV TRAUMA DESIGNATION, RADIOLOGY/IMAGING SERVICES, AND REHABILITATION.ESSENTIA HEALTH ADA EMPLOYS APPROXIMATELY 45 FULL TIME EQUIVALENTS. THE HOSPITAL PROVIDED APPROXIMATELY 340 HOSPITAL PATIENT DAYS AND 12,100 OUTPATIENT VISITS DURING FISCAL YEAR ENDED JUNE 30, 2021. THE CLINIC HAD NEARLY 5,900 ENCOUNTERS DURING THE SAME TIME PERIOD.DURING THE FISCAL YEAR ENDED JUNE 30, 2021, ESSENTIA HEALTH ADA PROVIDED THE FOLLOWING COMMUNITY BENEFITS: $75,000 IN CHARITY CARE, $10,000 IN COMMUNITY SERVICES, AND $5,000 IN HEALTH PROFESSION EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Stoltman Administrator | Officer | 60 | $130,253 |
Kari Bergman Nursing Director | 60 | $105,814 | |
Dawn Ganje Board Secretary/treasurer | OfficerTrustee | 2 | $0 |
Deede Grieve Board Chair | OfficerTrustee | 2 | $0 |
Kimberly Bodensteiner Finance Senior Manager | Officer | 1 | $0 |
Sreejith Gopi MD Medical Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,236 |
| Investment income | $200,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $51,350 |
| Net Gain/Loss on Asset Sales | $394,258 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,108,060 |
| 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. | $311,846 |
| Compensation to disqualified persons | $16,485 |
| Other salaries and wages | $3,963,875 |
| Pension plan accruals and contributions | $173,589 |
| Other employee benefits | $672,253 |
| Payroll taxes | $276,780 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $243 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,025 |
| Fees for services: Other | $399,102 |
| Advertising and promotion | $2,234 |
| Office expenses | $376,555 |
| Information technology | $33,761 |
| Royalties | $0 |
| Occupancy | $283,001 |
| Travel | $67,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,438 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $433,257 |
| Insurance | $60,660 |
| All other expenses | $0 |
| Total functional expenses | $9,121,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,302 |
| Savings and temporary cash investments | $5,611,365 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,956,566 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $67,094 |
| Inventories for sale or use | $40,254 |
| Prepaid expenses and deferred charges | $12,642 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,292,875 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,290,142 |
| Accounts payable and accrued expenses | $1,504,703 |
| Grants payable | $0 |
| Deferred revenue | $3,386,124 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,109 |
| Total liabilities | $4,902,936 |
| 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 | $14,387,206 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bridges Medical Center has recieved totaling $24,747.
| Awarding Organization | Amount |
|---|---|
Minnesota Hospital Association St Paul, MN PURPOSE: SPECIAL PATHOGEN PREPAREDNESS AND RESPONSE | $15,731 |
Essentia Health Foundation Duluth, MN PURPOSE: PROGRAM SUPPORT | $9,016 |
Endowment Analysis
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Platte Community Memorial Hospital Inc Platte, SD | $26,244,701 | $18,420,342 |
Midwest Medical Equipment & Supplies Inc Duluth, MN | $9,339,372 | $12,414,837 |
Coal Country Community Health Center Beulah, ND | $16,617,016 | $15,405,413 |
Bennett County Hospital And Nursing Home Martin, SD | $10,964,954 | $14,575,541 |
Pioneer Memorial Hospital & Health Services Viborg, SD | $14,818,916 | $14,876,728 |
Bridges Medical Center Ada, MN | $19,290,142 | $10,108,060 |
Wisconsin Hospital Association Inc Fitchburg, WI | $23,228,476 | $8,918,515 |
Seasons Hospice Rochester, MN | $9,859,927 | $8,553,990 |
Living Services Foundation Minneapolis, MN | $11,713,734 | $6,646,276 |