North Central Health Services Inc
- Assets
- $519.9m
- Revenue
- $65.5m
- Investments
- $0.0
- Employees
- 4
- Location
- West Lafayette, IN
- Founding
- 02/1985
- Data as of
- 12/2021
- EIN
- 31-1118357
Organization Overview
North Central Health Services Inc, operating under the name River Bend Hospital, is located in West Lafayette, IN. The organization was established in 1985. 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 12/2022, River Bend Hospital employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Bend Hospital 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, River Bend Hospital generated $65.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $14.5m during the year ending 12/2021. While expenses have increased by 3.1% 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, River Bend Hospital has awarded 192 individual grants totaling $55,706,675. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACUTE INPATIENT PSYCHIATRIC CARE TO THE ADULT POPULATION OF MID-NORTH INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVER BEND HOSPITAL IS A LICENSED INPATIENT PSYCHIATRIC HOSPITAL PROVIDING ACUTE INPATIENT PSYCHIATRIC CARE TO THE ADULT POPULATION OF MID-NORTH INDIANA. CARE IS PROVIDED WITHOUT CHARGE OR AT AMOUNTS LESS THAN ESTABLISHED RATES TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER THE HOSPITAL'S CHARITY CARE POLICY. BECAUSE THE ORGANIZATION DOES NOT COLLECT AMOUNTS DEEMED TO BE CHARITY CARE, THE AMOUNTS ARE NOT REPORTED AS REVENUE. OF THE ORGANIZATION'S TOTAL HEALTH CARE SERVICES EXPENSE REPORTED, AN ESTIMATED $388,000 (AT COST) AROSE FROM PROVIDING SERVICES TO CHARITY PATIENTS DURING THE YEAR ENDED DECEMBER 31, 2022. CONTINUE ON SCHEDULE O: THE ESTIMATED COSTS OF PROVIDING CHARITY SERVICES ARE BASED ON A CALCULATION WHICH APPLIES A RATIO OF COSTS TO CHARGES TO THE GROSS UNCOMPENSATED CHARGES ASSOCIATED WITH PROVIDING CARE TO CHARITY PATIENTS. THE RATIO OF COST TO CHARGES, CALCULATED USING THE IRS GUIDELINES, IS 7% FOR THE YEAR ENDED DECEMBER 31, 2022.IN 2014, THE STATE OF INDIANA IMPLEMENTED HIP 2.0 WHICH EXPANDED THE EXISTING MEDICAID PROGRAM. AS A RESULT OF THIS EXPANSION, A GREATER NUMBER OF PATIENTS QUALIFIED FOR HIP 2.0 WHICH REDUCED SIGNIFICANTLY THE ORGANIZATION CHARITY CARE AND BAD DEBT EXPENSE IN THE YEARS SINCE THE EXPANSION.
NORTH CENTRAL HEALTH SERVICES IS COMMITTED TO ADDRESSING A WIDE RANGE OF HEALTH ISSUES AND ENHANCING THE QUALITY OF LIFE FOR INDIVIDUALS, FAMILIES AND COMMUNITIES IN THE EIGHT COUNTIES OF THE GREATER LAFAYETTE AREA. NCHS MAKES FINANCIAL GRANTS TO QUALIFIED NOT-FOR-PROFIT ORGANIZATIONS THAT SHARE ITS VISION AND CAN DEMONSTRATE THE CAPABILITY AND ORGANIZATIONAL STRENGTH TO SUCCEED WITH THEIR PROGRAMS AND CLIENT SERVICES IN AN EFFICIENT AND COST-CONSCIENTIOUS MANNER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Schoen Chairman | OfficerTrustee | 2 | $0 |
David Mcgaughey Vice Chairman | OfficerTrustee | 2 | $0 |
David Cooper Treasurer | OfficerTrustee | 2 | $0 |
Jeffrey P Brown MD Secretary | OfficerTrustee | 2 | $0 |
Rick Davis Board Member | Trustee | 2 | $0 |
Gary Lehman Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meridian Health Services Management Services | 12/30/22 | $5,763,660 |
Kettlehut Construction Co Construction Services | 12/30/22 | $3,641,272 |
Strategic Investment Group Inc Ocio Investment Management Services | 12/30/22 | $723,847 |
Wellington Trust Company Investment Management Services | 12/30/22 | $176,861 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $2,451,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,166 |
| Net Gain/Loss on Asset Sales | $60,295,029 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,454,732 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $46,649 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $585,144 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $242,449 |
| Pension plan accruals and contributions | $468 |
| Other employee benefits | $85,988 |
| Payroll taxes | $39,470 |
| Fees for services: Management | $5,519,090 |
| Fees for services: Legal | $15,000 |
| Fees for services: Accounting | $62,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $730,000 |
| Fees for services: Other | $78,828 |
| Advertising and promotion | $0 |
| Office expenses | $43,023 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $125,380 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,374 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $890,059 |
| Insurance | $129,683 |
| All other expenses | $0 |
| Total functional expenses | $14,494,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,239,159 |
| Savings and temporary cash investments | $40,389,060 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $239,926 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,249 |
| Prepaid expenses and deferred charges | $64,057 |
| Investments—publicly traded securities | $460,360,489 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,764 |
| Total assets | $519,937,079 |
| Accounts payable and accrued expenses | $378,631 |
| Grants payable | $7,866,091 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,244,722 |
| Net assets without donor restrictions | $511,692,357 |
| 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 | $511,692,357 |
Grants Awarded
Over the last fiscal year, North Central Health Services Inc has awarded $7,572,295 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF GREATER LAFAYETTE PURPOSE: HONORARY GRANT FOR JEFF KESSLER VOLUNTEER BOARD SERVICE & NONPROFIT EXECUTIVE DEVELOPMENT INITIATIVE, MENTAL HEALTH | $20,504 |
COMMUNITY HEALTH NETWORK FOUNDATION PURPOSE: PSYCHIATRY EDUCATION AND MENTAL HEALTH WORKFORCE DEVELOPMENT | $3,676,500 |
EVERFI PURPOSE: SUPPORT TO PILOT A DIGITAL PRESCRIPTION DRUG SAFETY LEARNING PROGRAM IN SCHOOLS ACROSS THE NCHS SERVICE AREA. | $20,000 |
INDIANA RURAL HEALTH ASSOCIATION PURPOSE: FOR STUDENTS AND STAFF FROM RURAL HEALTH CLINICS IN THE NCHS SERVICE AREA TO ATTEND THE 24TH ANNUAL RURAL HEALTH CONFERENCE. | $12,640 |
INDIANA UNIVERSITY PURPOSE: FUNDING TO MAINTAIN EXPANSION OF THE GENERAL PSYCHIATRY RESIDENCY PROGRAM, TRIPLE BOARD (PSYCHIATRY, CHILD-ADOLESCENT PSYCHIATRY, PEDIATRICS) RESIDENCY PROGRAM, AND CHILD AND ADOLESCENT PSYCHIATRY, ADDICTIONS PSYCHIATRY, GERIATRIC PSYCHIATRY, AND CONSULTATION-LIAISON FELLOWSHIPS; MSW PROGRAM ON THE PURDUE CAMPUS, TO ADDRESS SHORTAGES AND COMMUNITY NEED. | $864,043 |
IVY TECH FOUNDATION PURPOSE: TO EXPAND ITS NURSING PROGRAM AND INCREASE STUDENT ENROLLMENT. FOR INVESTMENTS IN ADDITIONAL LABS, EQUIPMENT, STUDENT SCHOLARSHIPS ALONG WITH RECRUITING TALENTED FACULTY AND STAFF. | $2,037,552 |