Kalispell Regional Medical Center Inc
- Assets
- $442.7m
- Revenue
- $452.5m
- Investments
- $0.0
- Employees
- 3,668
- Location
- Kalispell, MT
- Founding
- 07/1973
- Data as of
- 03/2020
- EIN
- 23-7293874
Organization Overview
Kalispell Regional Medical Center Inc, operating under the name Logan Health Medical Center, is located in Kalispell, MT. The organization was established in 1973. 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 03/2022, Logan Health Medical Center employed 3,668 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Logan Health Medical Center 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 03/2020, Logan Health Medical Center generated $452.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $432.3m during the year ending 03/2020. While expenses have increased by 5.4% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES INPATIENT, OUTPATIENT AND AMBULATORY CARE TO THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES INPATIENT, OUTPATIENT AND AMBULATORY CARE TO THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Ward MD Physician | 50 | $1,305,558 | |
Craig Lambrecht MD President & CEO | OfficerTrustee | 30 | $1,259,354 |
Timothy Joyce MD Physician | 50 | $920,069 | |
Karen Perser MD Trustee | Trustee | 1 | $917,323 |
Kim Stimpson MD Physician | 50 | $911,649 | |
Mark Magill MD Physician | 50 | $905,092 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Silver Tip Emergency Physicians Emergency Room Physicians | 3/30/22 | $4,995,155 |
Thomas Management Llc Food Service | 3/30/22 | $2,739,081 |
Travel Nurse Across America Llc Nursing Services | 3/30/22 | $11,829,129 |
Nuwest Group Holdings Llc Nursing Services | 3/30/22 | $12,447,055 |
Northwest Imaging Imaging Services | 3/30/22 | $991,608 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,814,090 |
| Investment income | $1,822,855 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $364,363 |
| Net Gain/Loss on Asset Sales | -$899,396 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $452,513,636 |
| 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. | $3,177,585 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,408,532 |
| Pension plan accruals and contributions | $6,060,589 |
| Other employee benefits | $25,896,998 |
| Payroll taxes | $11,880,538 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225,849 |
| Fees for services: Accounting | $167,393 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,792,934 |
| Advertising and promotion | $1,349,180 |
| Office expenses | $4,050,039 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,476,065 |
| Travel | $1,552,185 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,875,382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,837,393 |
| Insurance | $2,180,238 |
| All other expenses | $0 |
| Total functional expenses | $432,283,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,861,436 |
| Savings and temporary cash investments | $63,859,687 |
| Pledges and grants receivable | $1,199,994 |
| Accounts receivable, net | $38,888,698 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $30,307,105 |
| Inventories for sale or use | $11,861,383 |
| Prepaid expenses and deferred charges | $4,950,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,167,626 |
| Intangible assets | $0 |
| Other assets | $56,626,459 |
| Total assets | $442,714,603 |
| Accounts payable and accrued expenses | $60,732,142 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $144,082,992 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $37,007,067 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,365,914 |
| Total liabilities | $261,188,115 |
| 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 | $181,526,488 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Kalispell Regional Medical Center Inc has recieved totaling $1,374,180.
| Awarding Organization | Amount |
|---|---|
Kalispell Regional Healthcare Foundation Kalispell, MT PURPOSE: SUPPORT THE ACTIVITIES OF KALISPELL REGIONAL MEDICAL CENTER | $1,340,319 |
American Heart Association Inc Dallas, TX PURPOSE: STROKE PROGRAMS | $28,500 |
B E A Family Inc Bigfork, MT PURPOSE: PROVIDE CARE, SUPPORT, AND RESEARCH TO THE BIGFORK REGION. | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $361 |
Endowment Analysis
| Beg. Balance | $14,668,013 |
| Earnings | $195,718 |
| Net Contributions | $2,701,786 |
| Other Expense | $421,942 |
| Ending Balance | $17,143,575 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Monument Health Rapid City Hospital Inc Rapid City, SD | $1,522,340,119 | $951,840,989 |
Saint Alphonsus Regional Medical Center Inc Boise, ID | $925,610,000 | $796,092,917 |
Altru Health System Grand Forks, ND | $1,039,192,012 | $613,611,037 |
Benefis Hospitals Inc Great Falls, MT | $1,107,455,974 | $564,158,876 |
Scl Health Montana Billings, MT | $989,559,217 | $521,618,398 |
Kalispell Regional Medical Center Inc Kalispell, MT | $442,714,603 | $452,513,636 |
St Peters Health Helena, MT | $451,491,963 | $316,195,673 |
St Alexius Medical Center Bismarck, ND | $266,454,652 | $270,899,366 |
Avera St Lukes Aberdeen, SD | $180,080,420 | $208,771,594 |
Saint Alphonsus Medical Center Nampa Inc Nampa, ID | $392,581,927 | $246,576,284 |
Monument Health Network Inc Rapid City, SD | $148,333,045 | $173,170,795 |
Bmh Inc Blackfoot, ID | $124,026,829 | $176,057,600 |