Benefis Health System Inc
- Assets
- $1.5b
- Revenue
- $121.8m
- Investments
- $1.5m
- Employees
- 230
- Location
- Great Falls, MT
- Founding
- 03/2010
- Data as of
- 12/2021
- EIN
- 26-3538104
Organization Overview
Benefis Health System Inc is located in Great Falls, MT. The organization was established in 2010. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Benefis Health System Inc employed 230 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benefis Health System Inc 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 12/2021, Benefis Health System Inc generated $121.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $98.4m during the year ending 12/2021. While expenses have increased by 6.8% 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.
Since 2014, Benefis Health System Inc has awarded 70 individual grants totaling $5,668,817. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PARENT ENTITY OF INTEGRATED HEALTH SYSTEM
Describe the Organization's Program Activity:
PROVIDE MANAGEMENT AND ADMINISTRATIVE SERVICES FOR MULTIPLE RELATED HEALTH CARE ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Goodnow Director/chief Executive Officer | OfficerTrustee | 60 | $1,535,176 |
Forrest Ehlinger Chief Resources Officer & Executive Vice President | Officer | 26 | $702,554 |
Gregory Tierney MD Chief Medical Officer & Executive Vice President | Officer | 18 | $572,823 |
Paul Dolan MD Chief Medical Information Officer | 50 | $407,342 | |
Casey Buckingham Senior VP Of Human Resources | Officer | 48 | $355,165 |
Bridget Brennan MD Chief Medical Officer, Benefis Medical Group | Officer | 15 | $287,405 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Manatt Phelps & Phillips Legal Services | 12/30/21 | $2,252,128 |
Guy Tabacco Construction Co Construction | 12/30/21 | $1,646,372 |
Dick Anderson Construction Construction | 12/30/21 | $7,994,964 |
L' Heureux Page Werner Architect/engineering Services | 12/30/21 | $1,496,783 |
Wakefield & Associates Collections Services | 12/30/21 | $1,224,807 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,706,807 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,706,807 |
| Total Program Service Revenue | $96,155,739 |
| Investment income | $2,499,308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$629,420 |
| Net Gain/Loss on Asset Sales | $21,183,884 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $121,846,801 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $756,356 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $22,144,726 |
| Compensation of current officers, directors, key employees. | $5,010,936 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,670,412 |
| Pension plan accruals and contributions | $201,376 |
| Other employee benefits | $6,985,023 |
| Payroll taxes | $1,046,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,652,326 |
| Fees for services: Accounting | $253,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $74,584 |
| Fees for services: Other | $6,090,989 |
| Advertising and promotion | $1,153,426 |
| Office expenses | $1,213,658 |
| Information technology | $10,843,731 |
| Royalties | $0 |
| Occupancy | $451,354 |
| Travel | $160,748 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,133 |
| Interest | $3,397,192 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,073,289 |
| Insurance | $3,890,281 |
| All other expenses | $392,897 |
| Total functional expenses | $98,436,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,442,193 |
| Savings and temporary cash investments | $6,809,598 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $623,998,950 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,909,097 |
| Net Land, buildings, and equipment | $196,999,461 |
| Investments—publicly traded securities | $584,123,273 |
| Investments—other securities | $1,481,739 |
| Investments—program-related | $8,369,369 |
| Intangible assets | $0 |
| Other assets | $31,100,840 |
| Total assets | $1,511,234,520 |
| Accounts payable and accrued expenses | $847,610,792 |
| Grants payable | $0 |
| Deferred revenue | $192,597 |
| Tax-exempt bond liabilities | $167,675,929 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $98,125,930 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,298,590 |
| Total liabilities | $1,121,903,838 |
| Net assets without donor restrictions | $389,330,682 |
| 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 | $1,511,234,520 |
Grants Awarded
Over the last fiscal year, Benefis Health System Inc has awarded $683,401 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Great Falls, MT PURPOSE: OPERATIONS SUPPORT | $447,510 |
Great Falls, MT PURPOSE: ARTWORK DONATION | $100,000 |
Great Falls, MT PURPOSE: DONATION OF BUILDING EQUIPMENT ACQUIRED IN NEW BUILDING PURCHASE | $74,891 |
Great Falls, MT PURPOSE: BACKPACKS4KIDS PROGRAM | $25,000 |
NORTHERN TRANSIT INTERLOCAL PURPOSE: TRAVEL FOR HIGHLINE | $15,000 |
Helena, MT PURPOSE: SPONSORSHIP | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Benefis Health System Inc has recieved totaling $1,710,850.
| Awarding Organization | Amount |
|---|---|
Benefis Health System Foundation Inc Great Falls, MT PURPOSE: SEE PART IV | $1,706,807 |
Zeller Family Foundation Great Falls, MT PURPOSE: PROGRAMS | $4,043 |
Endowment Analysis
| Beg. Balance | $35,162,047 |
| Earnings | $4,331,941 |
| Net Contributions | $748,384 |
| Other Expense | $615,805 |
| Ending Balance | $39,626,567 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Billings Clinic Billings, MT | $1,116,696,008 | $835,174,033 |
St Lukes Health System Ltd Boise, ID | $557,259,828 | $657,648,132 |
Trinity Health & Affiliates Minot, ND | $820,361,355 | $399,267,245 |
Benefis Health System Inc Great Falls, MT | $1,511,234,520 | $121,846,801 |
Saint Alphonsus Health System Inc Boise, ID | $30,323,841 | $65,041,457 |
Sanford Sioux Falls, SD | $665,368,621 | $12,274,166 |
Fall River Health Services Hot Springs, SD | $41,959,122 | $31,885,192 |
Northland Pace Program Bismarck, ND | $14,541,053 | $17,955,640 |
Community Health Care Center Incorporated Great Falls, MT | $7,920,286 | $18,862,476 |
Philip Health Services Inc Philip, SD | $22,337,668 | $17,795,020 |
Stillwater Hospital Association Inc Columbus, MT | $22,881,313 | $15,310,009 |
St Michaels Hospital Tyndall, SD | $22,290,114 | $14,332,260 |