Kalispell Regional Medical Center Inc
- Assets
- $627.5m
- Revenue
- $486.0m
- Investments
- $0.0
- Employees
- 3,341
- Location
- Kalispell, MT
- Founding
- 07/1973
- Data as of
- 03/2021
- 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 12/2023, Logan Health Medical Center employed 3,341 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 03/2021, Logan Health Medical Center generated $486.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $473.8m during the year ending 03/2021. While expenses have increased by 6.0% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOGAN HEALTH MEDICAL CENTER IS A 150-BED ACUTE CARE REGIONAL REFERRAL CENTER, PROVIDING A FULL SPECTRUM OF HEALTH CARE SERVICES, INCLUDING CARDIOVASCULAR CARE, ONCOLOGY, NEUROSCIENCE AND SPINE CARE, ORTHOPEDICS, WOMEN'S HEALTH, SURGICAL CARE, PEDIATRICS AND BEHAVIORAL HEALTH.
Describe the Organization's Program Activity:
LOGAN HEALTH MEDICAL CENTER IS A 150-BED ACUTE CARE REGIONAL REFERRAL CENTER, PROVIDING A FULL SPECTRUM OF HEALTH CARE SERVICES, INCLUDING CARDIOVASCULAR CARE, ONCOLOGY, NEUROSCIENCE AND SPINE CARE, ORTHOPEDICS, WOMEN'S HEALTH, SURGICAL CARE, PEDIATRICS AND BEHAVIORAL HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Lambrecht MD System CEO | OfficerTrustee | 12.5 | $0 |
Karen Perser MD Trustee | Trustee | 50 | $962,400 |
Vassilis Siomos MD Trustee | Trustee | 1 | $432,303 |
Courtney Stout Paterson MD Trustee | Trustee | 50 | $351,038 |
Don Bennett Trustee | Trustee | 1 | $0 |
Jay T Johnson Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Travel Nurse Across America Llc Nursing Services | 3/30/23 | $26,529,559 |
Northwest Imaging Imaging Services | 3/30/23 | $10,805,204 |
Silver Tip Emergency Physicians Emergency Room Physicians | 3/30/23 | $5,708,937 |
Nuwest Group Holdings Llc Nursing Services | 3/30/23 | $5,501,555 |
Northern Rockies Anesthesia Anesthesia Services | 3/30/23 | $3,637,720 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,063,770 |
| Investment income | $1,464,539 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $247,767 |
| Net Gain/Loss on Asset Sales | -$398,516 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $486,020,179 |
| 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. | $1,066,165 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $203,813,370 |
| Pension plan accruals and contributions | $7,872,235 |
| Other employee benefits | $29,336,161 |
| Payroll taxes | $12,820,410 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $352,827 |
| Fees for services: Accounting | $180,677 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,999,684 |
| Advertising and promotion | $1,253,202 |
| Office expenses | $3,940,915 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,727,156 |
| Travel | $1,028,979 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,916,379 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,850,785 |
| Insurance | $2,420,683 |
| All other expenses | $0 |
| Total functional expenses | $473,798,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,797,782 |
| Savings and temporary cash investments | $79,266,041 |
| Pledges and grants receivable | $1,128,410 |
| Accounts receivable, net | $56,023,252 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $34,250,188 |
| Inventories for sale or use | $15,020,620 |
| Prepaid expenses and deferred charges | $6,585,799 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,300,223 |
| Intangible assets | $0 |
| Other assets | $79,336,601 |
| Total assets | $627,456,099 |
| Accounts payable and accrued expenses | $79,747,809 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $211,553,317 |
| Unsecured mortgages and notes payable | $1,624,037 |
| Other liabilities | $69,440,991 |
| Total liabilities | $362,366,154 |
| 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 | $265,089,945 |