Innovis Health Llc
- Assets
- $293.0m
- Revenue
- $498.8m
- Investments
- $10.7m
- Employees
- 3,034
- Location
- Fargo, ND
- Founding
- 11/2009
- Data as of
- 06/2022
- 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 06/2022, Essentia Health West employed 3,034 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 06/2022, Essentia Health West generated $498.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $501.8m during the year ending 06/2022. While expenses have increased by 4.9% 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 73 individual grants totaling $4,705,127. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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:
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 142 BED HOSPITAL AND 16 CLINICS, INCLUDING CHARITABLE CARE TO PERSONS UNABLE TO PAY.THE MULTI-SPECIALTY HOSPITAL 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 SEVERAL 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 EMPLOYS APPROXIMATELY 1,600 FULL TIME EQUIVALENTS. THE HOSPITAL PROVIDED FOR APPROXIMATELY 40,000 HOSPITAL PATIENT DAYS AND 198,000 OUTPATIENT VISITS DURING THE FISCAL YEAR ENDED JUNE 30, 2022. THE CLINICS HAD APPROXIMATELY 432,000 ENCOUNTERS DURING THE SAME TIME PERIOD.DURING THE FISCAL YEAR ENDED JUNE 30, 2022, ESSENTIA HEALTH WEST PROVIDED THE FOLLOWING COMMUNITY BENEFITS: $4.6 MILLION IN CHARITY CARE, $15.9 MILLION COSTS IN EXCESS OF MEDICAID PAYMENTS, $228,000 IN COMMUNITY SERVICES, AND $1.2 MILLION IN HEALTH PROFESSION EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Prasad Sawardeker MD Physician - Section Chair | 60 | $1,307,179 | |
Rebecca Ziegler MD Physician - Section Chair | 60 | $1,273,155 | |
Daniel Smith MD Physician | 60 | $1,262,749 | |
Benjamin Smith MD Board Director | Trustee | 60 | $1,172,626 |
Mitchell Crider MD Physician - Section Chair | 60 | $1,144,521 | |
Julio Williams MD Physician | 60 | $1,122,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $343,597 |
| Government grants | $11,292,830 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,763 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,674,190 |
| Total Program Service Revenue | $482,707,265 |
| Investment income | $348,475 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $573,401 |
| Net Gain/Loss on Asset Sales | $1,892,154 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $158,647 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $498,829,278 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,070,393 |
| Grants and other assistance to domestic individuals. | $45,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,710,273 |
| Compensation of current officers, directors, key employees. | $5,049,815 |
| Compensation to disqualified persons | $477,933 |
| Other salaries and wages | $192,936,017 |
| Pension plan accruals and contributions | $7,422,954 |
| Other employee benefits | $18,964,593 |
| Payroll taxes | $11,414,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $132,318 |
| Fees for services: Accounting | $1,424 |
| Fees for services: Lobbying | $12,241 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,544 |
| Fees for services: Other | $49,591,811 |
| Advertising and promotion | $228,433 |
| Office expenses | $16,177,558 |
| Information technology | $12,757,462 |
| Royalties | $0 |
| Occupancy | $5,401,571 |
| Travel | $1,531,717 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $297,287 |
| Interest | $7,170,530 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,955,400 |
| Insurance | $5,121,498 |
| All other expenses | -$303,555 |
| Total functional expenses | $501,812,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,422 |
| Savings and temporary cash investments | $5,792,361 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,384,712 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,710,559 |
| Inventories for sale or use | $12,330,514 |
| Prepaid expenses and deferred charges | $4,653,635 |
| Net Land, buildings, and equipment | $192,167,393 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,747,869 |
| Investments—program-related | $2,910,590 |
| Intangible assets | $3,186,206 |
| Other assets | $7,078,902 |
| Total assets | $292,983,163 |
| Accounts payable and accrued expenses | $49,755,268 |
| Grants payable | $0 |
| Deferred revenue | $32,015 |
| Tax-exempt bond liabilities | $109,097,868 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $116,260,038 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,562,031 |
| Total liabilities | $305,707,220 |
| Net assets without donor restrictions | -$12,724,057 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $292,983,163 |
Grants Awarded
Over the last fiscal year, Innovis Health Llc has awarded $1,039,243 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CULTURAL DIVERSITY RESOURCES PURPOSE: PROGRAM SUPPORT | $7,000 |
CASS CLAY COMMUNITY LAND TRUST PURPOSE: PROGRAM SUPPORT | $25,000 |
ESSENTIA HEALTH FOUNDATION PURPOSE: PROGRAM SUPPORT | $673,443 |
FAITH4HOPE SCHOLARSHIP FUND PURPOSE: PROGRAM SUPPORT | $37,500 |
FIRSTLINK PURPOSE: PROGRAM SUPPORT | $25,100 |
FM ROTARY FOUNDATION PURPOSE: PROGRAM SUPPORT | $25,000 |