Innovis Health Llc
- Assets
- $306.8m
- Revenue
- $391.7m
- Investments
- $26.8m
- Employees
- 2,905
- Location
- Fargo, ND
- Founding
- 11/2009
- Data as of
- 06/2020
- EIN
- 26-1175213
Organization Overview
Innovis Health Llc, operating under the name Essentia Health West, is located in Fargo, ND. The organization was established in 2009. 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 West employed 2,905 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Essentia Health West 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 West generated $391.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $395.4m during the year ending 06/2020. While expenses have increased by 2.9% 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.
Since 2015, Essentia Health West has awarded 57 individual grants totaling $3,959,139. 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
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
INNOVIS HEALTH, LLC, DBA ESSENTIA HEALTH WEST, IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES. IN FURTHERANCE OF ITS PURPOSES, ESSENTIA HEALTH WEST PROVIDES HEALTH CARE SERVICES IN MINNESOTA AND NORTH DAKOTA THROUGH ITS 161 BED HOSPITAL AND 16 CLINICS, INCLUDING CHARITABLE CARE TO PERSONS UNABLE TO PAY.THE MULTI-SPECIALTY HOSPITAL, WHICH HAS APPROXIMATELY 100 PRIVATE PATIENT ROOMS, OFFERS A BROAD RANGE OF INPATIENT AND OUTPATIENT SERVICES FOR ITS PATIENTS, INCLUDING CRITICAL CARE, MEDICAL SURGICAL CARE, PEDIATRIC SERVICES, NEONATAL INTENSIVE CARE, AND MATERNITY CARE. THE HOSPITAL'S EMERGENCY DEPARTMENT IS OPEN 24 HOURS PER DAY AND IS DESIGNED AS A LEVEL II TRAUMA CENTER. THE HOSPITAL ALSO HAS 10 OPERATING ROOM SUITES, WHICH INCLUDE BOTH INPATIENT AND DAY SURGERY. IN ADDITION TO THE HOSPITAL AND CLINICS, ESSENTIA HEALTH WEST ALSO OPERATES URGENT AND WALK-IN CARE, OPTICAL CENTERS, INFUSION THERAPY CENTERS, AND OUTPATIENT SURGERY CENTERS.ESSENTIA HEALTH WEST IS AN ADVANCED PRIMARY STROKE CENTER AND IS ACCREDITED AS A BREAST CENTER AND CANCER CENTER WITH COMMENDATION.ESSENTIA HEALTH WEST EMPLOYS APPROXIMATELY 1,695 FULL TIME EQUIVALENTS. THE HOSPITAL PROVIDED FOR APPROXIMATELY 35,000 HOSPITAL PATIENT DAYS AND 186,000 OUTPATIENT VISITS DURING THE FISCAL YEAR ENDED JUNE 30, 2021. THE CLINICS HAD APPROXIMATELY 390,000 ENCOUNTERS DURING THE SAME TIME PERIOD.DURING THE FISCAL YEAR ENDED JUNE 30, 2021, ESSENTIA HEALTH WEST PROVIDED THE FOLLOWING COMMUNITY BENEFITS: $4.2 MILLION IN CHARITY CARE, $12.7 MILLION COSTS IN EXCESS OF MEDICAID PAYMENTS, $118,000 IN COMMUNITY SERVICES, AND $1.1 MILLION IN HEALTH PROFESSION EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Smith MD Physician | 60 | $1,217,246 | |
Gary Matthys MD Physician | 60 | $1,172,656 | |
Julio Williams MD Physician | 60 | $1,155,291 | |
Saraswathy Manickavasagam MD Physician | 60 | $1,097,244 | |
Prasad Sawardeker MD Physician - Section Chair | 60 | $1,084,964 | |
Gregory Glasner MD Former President | 0 | $1,068,895 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,691,925 |
| Investment income | $44,045 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $526,727 |
| Net Gain/Loss on Asset Sales | -$157,402 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $190,755 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $391,671,007 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $9,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,596,137 |
| Compensation to disqualified persons | $72,682 |
| Other salaries and wages | $165,089,093 |
| Pension plan accruals and contributions | $6,674,349 |
| Other employee benefits | $16,428,003 |
| Payroll taxes | $10,773,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $588 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $10,111 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,431 |
| Fees for services: Other | $21,810,451 |
| Advertising and promotion | -$8,168 |
| Office expenses | $11,261,464 |
| Information technology | $10,730,378 |
| Royalties | $0 |
| Occupancy | $4,959,672 |
| Travel | $1,321,814 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $359,175 |
| Interest | $9,566,861 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,833,228 |
| Insurance | $4,247,280 |
| All other expenses | $0 |
| Total functional expenses | $395,366,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,371 |
| Savings and temporary cash investments | $17,180,667 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,124,886 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,649,346 |
| Inventories for sale or use | $10,006,106 |
| Prepaid expenses and deferred charges | $3,340,574 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $26,803,008 |
| Investments—program-related | $3,798,837 |
| Intangible assets | $2,845,340 |
| Other assets | $3,902,523 |
| Total assets | $306,752,197 |
| Accounts payable and accrued expenses | $75,818,151 |
| Grants payable | $0 |
| Deferred revenue | $21,816 |
| Tax-exempt bond liabilities | $115,937,043 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $120,410,212 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,759,654 |
| Total liabilities | $322,946,876 |
| 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 | -$16,194,679 |
Grants Awarded
Over the last fiscal year, Innovis Health Llc has awarded $961,984 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Duluth, MN PURPOSE: PROGRAM SUPPORT | $639,653 |
MINNESOTA STATE UNIVERSITY-MOORHEAD PURPOSE: PROGRAM SUPPORT | $100,000 |
FUELING OUR FUTURE PURPOSE: PROGRAM SUPPORT | $50,000 |
Fargo, ND PURPOSE: PROGRAM SUPPORT | $42,100 |
Fargo, ND PURPOSE: PROGRAM SUPPORT | $25,000 |
Fargo, ND PURPOSE: PROGRAM SUPPORT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Innovis Health Llc has recieved totaling $494,423.
| Awarding Organization | Amount |
|---|---|
Essentia Health Foundation Duluth, MN PURPOSE: PROGRAM SUPPORT | $213,793 |
Leona M & Harry B Helmsley Charitable Trust New York, NY PURPOSE: ESSENTIA HEALTH FARGO COVID-19 CARDIAC PREPAREDNESS PROJECT | $123,352 |
North Dakota Hospital Foundation Bismarck, ND PURPOSE: DISTRIBUTE COVID FUNDING | $69,778 |
Dakota Medical Charities Fargo, ND PURPOSE: Support for hyperbaric chamber oxygen treatment and clinical research. | $63,291 |
Dakota Medical Foundation Fargo, ND PURPOSE: Support for hyperbaric chamber oxygen treatment and clinical research. | $24,209 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bozeman Health Deaconess Hospital Bozeman, MT | $645,516,596 | $460,115,423 |
Innovis Health Llc Fargo, ND | $306,752,197 | $391,671,007 |
Cuyuna Regional Medical Center Crosby, MN | $120,942,776 | $179,682,328 |
Avera Marshall Marshall, MN | $102,725,540 | $115,156,245 |
Grand Itasca Clinic And Hospital Grand Rapids, MN | $71,663,098 | $103,118,780 |
Holy Rosary Healthcare Miles City, MT | $66,405,455 | $64,202,519 |
Glendive Medical Center Inc Glendive, MT | $48,669,322 | $43,447,835 |
Cabinet Peaks Medical Center Libby, MT | $72,294,140 | $47,370,085 |
Deer River Health Care Center Inc Deer River, MN | $45,625,838 | $43,385,776 |
United Hospital District Inc Blue Earth, MN | $51,620,519 | $43,623,403 |
Centracare Health System Sauk Centre Sauk Centre, MN | $63,807,230 | $38,896,016 |
Essentia Health Moose Lake Moose Lake, MN | $67,296,296 | $51,236,732 |