Barrett Hospital Development Corporation
- Assets
- $67.3m
- Revenue
- $44.3m
- Investments
- $0.0
- Employees
- 315
- Location
- Dillon, MT
- Founding
- 10/2009
- Data as of
- 06/2021
- EIN
- 26-4230898
Organization Overview
Barrett Hospital Development Corporation, operating under the name Barrett Hospital & Healthcare, is located in Dillon, MT. The organization was established in 2009. 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 06/2021, Barrett Hospital & Healthcare employed 315 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barrett Hospital & Healthcare 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 06/2021, Barrett Hospital & Healthcare generated $44.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 56.6% each year . All expenses for the organization totaled $36.8m during the year ending 06/2021. While expenses have increased by 51.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BARRETT HOSPITAL & HEALTHCARE PROVIDES COMPASSIONATE CARE, HEALING, AND HEALTH-IMPROVING SERVICE TO ALL COMMUNITY MEMBERS THROUGHOUT LIFE'S JOURNEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BARRETT HOSPITAL & HEALTHCARE IS AN 18 LICENSED BED ACUTE CARE CRITICAL ACCESS HOSPITAL. OUR PATIENTS ARE SERVED BY AN INPATIENT HOSPITAL, 24-HOUR EMERGENCY DEPARTMENT, AND A PROVIDER BASED CLINIC. OUR ANCILLARY SERVICES INCLUDE DIAGNOSTIC IMAGING, LABORATORY, INPATIENT AND OUTPATIENT SURGERY, PHYSICAL AND OCCUPATIONAL THERAPY, NON-SURGICAL PAIN MANAGEMENT, VEIN CARE, INTEGRATED BEHAVIORAL HEALTH, TRANSITIONAL CARE, CHRONIC CARE MANAGEMENT, HOME HEALTH, HOSPICE, CARDIAC REHAB, PHARMACY, CARDIOPULMONARY, RESPIRATORY AND DIABETIC EDUCATION.THE HOSPITAL PROVIDED 1,602 DAYS OF ACUTE CARE SERVICES, 354 OBSERVATION DAYS AND 589 SWING BED DAYS. IN ADDITION, THE HOSPITAL PROVIDED 28,211 CLINIC VISITS, 33,065 OUTPATIENT VISITS, 4,224 EMERGENCY ROOM VISITS, 4,134 HOME HEALTH VISITS AND 1,476 HOSPICE VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Moore Ed Physician | 31.2 | $403,597 | |
Nicholas Fromm Physician | 40 | $386,486 | |
Michael Clarke Ed Physician | 31.2 | $306,354 | |
Meghan Combs Clinic Physician | 40 | $285,917 | |
Kelly Smith Clinic Physician | 40 | $269,002 | |
Richard Achter CFO (jul-Sept) | Officer | 40 | $145,075 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthtech Management Services Inc Management Service Fees | 6/29/21 | $494,482 |
David Fortenberry Physician | 6/29/21 | $300,303 |
Gallatin Gynecology Pc Physician | 6/29/21 | $156,831 |
Kalispell Regional Medical Center Nuclear Medicine Services | 6/29/21 | $157,823 |
Daniel Richards Physician | 6/29/21 | $207,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $434,177 |
| Government grants | $4,934,403 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,639 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,463,219 |
| Total Program Service Revenue | $38,452,998 |
| Investment income | $325,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $67,310 |
| Net Gain/Loss on Asset Sales | $18,810 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,328,208 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $373,772 |
| Compensation of current officers, directors, key employees. | $367,293 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,497,906 |
| Pension plan accruals and contributions | $653,236 |
| Other employee benefits | $2,085,563 |
| Payroll taxes | $1,055,732 |
| Fees for services: Management | $548,415 |
| Fees for services: Legal | $22,557 |
| Fees for services: Accounting | $78,926 |
| Fees for services: Lobbying | $2,111 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,063,545 |
| Advertising and promotion | $87,909 |
| Office expenses | $633,024 |
| Information technology | $79,996 |
| Royalties | $0 |
| Occupancy | $776,175 |
| Travel | $28,056 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $115,176 |
| Interest | $1,285,915 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,887,439 |
| Insurance | $809,331 |
| All other expenses | $663,381 |
| Total functional expenses | $36,811,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $925 |
| Savings and temporary cash investments | $14,876,818 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,405,734 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $960,715 |
| Prepaid expenses and deferred charges | $408,988 |
| Net Land, buildings, and equipment | $30,387,536 |
| Investments—publicly traded securities | $15,170,694 |
| Investments—other securities | $0 |
| Investments—program-related | $19,924 |
| Intangible assets | $0 |
| Other assets | $69,634 |
| Total assets | $67,300,968 |
| Accounts payable and accrued expenses | $3,145,599 |
| Grants payable | $0 |
| Deferred revenue | $2,170,226 |
| 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 | $24,562,143 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,293,355 |
| Total liabilities | $31,171,323 |
| Net assets without donor restrictions | $36,129,645 |
| 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 | $67,300,968 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Barrett Hospital Development Corporation has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bozeman Deaconess Health Services Bozeman, MT | $166,060,049 | $126,684,739 |
Avera Queen Of Peace Mitchell, SD | $173,794,004 | $133,877,982 |
Ivinson Memorial Hospital Laramie, WY | $330,710,233 | $138,697,602 |
Prairie Lakes Health Care System Inc Watertown, SD | $318,634,035 | $115,979,854 |
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
Gritman Medical Center Inc Moscow, ID | $94,936,436 | $96,129,418 |
Mercy Medical Center Williston, ND | $138,014,231 | $90,717,177 |
Sidney Health Center Sidney, MT | $99,470,484 | $97,816,838 |
Benefis Medical Group Inc Great Falls, MT | $555,597,152 | $85,663,728 |
Marcus Daly Memorial Hospital Corporation Hamilton, MT | $106,424,756 | $92,436,886 |
Community Hospital Of Anaconda Anaconda, MT | $91,429,573 | $96,787,311 |
St Luke Medical Center Wood River Ltd Boise, ID | $124,219,389 | $95,869,183 |