Community Hospital Of Bremen Inc
- Assets
- $20.1m
- Revenue
- $24.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Bremen, IN
- Founding
- 07/1949
- Data as of
- 12/2021
- EIN
- 35-0835006
Organization Overview
Community Hospital Of Bremen Inc is located in Bremen, IN. The organization was established in 1949. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Hospital Of Bremen 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, Community Hospital Of Bremen Inc generated $24.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $24.5m during the year ending 12/2021. While expenses have increased by 3.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE DELIVER OUTSTANDING CARE, INSPIRE HEALTH AND CONNECT WITH HEART
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1948, COMMUNITY HOSPITAL OF BREMEN, INC. (CHB) IS A NOT-FOR-PROFIT, 24-BED CRITICAL ACCESS HOSPITAL SERVING THE HEALTHCARE NEEDS OF BREMEN AND THE SURROUNDING COMMUNITIES. WITH THE PRIMARY PHYSICIAN MEDICAL STAFF BASE, CHB EMBRACES A HOLISTIC APPROACH TO PATIENT CARE. INPATIENT SERVICES INCLUDE MEDICAL/SURGICAL, OBSTETRICS, PHYSICAL AND OCCUPATIONAL THERAPY, AND SWING BED/SKILLED NURSING. OUTPATIENT SERVICES INCLUDE MEDICAL/SURGICAL AND PHYSICAL AND OCCUPATION THERAPY. SERVICES IN THE EMERGENCY DEPARTMENT ARE AVAILABLE 24 HOURS PER DAY. A FULL SERVICE CAP ACCREDITED LABORATORY AND COMPREHENSIVE RADIOLOGY DEPARTMENT MEETS THE DIAGNOSTIC TESTING NEEDS OF INPATIENTS AND OUTPATIENTS. THE PHYSICIANS ALSO PROVIDE PRIMARY CARE AND SPECIALTY CARE SERVICES SUCH AS PAIN MANAGEMENT, CARDIOLOGY, ORTHOPEDICS, UROLOGY, GYNECOLOGY, PODIATRY, AND MORE THROUGH HOSPITAL-BASED OUTPATIENT CLINICS. IN ADDITIONAL, THE HOSPITAL PROVIDES THE FOLLOWING PROGRAMS: - FREE CARE AND/OR SUBSIDIZED CARE - CARE PROVIDED TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT/OR BELOW COST - OTHER HEALTH ACTIVITIES AND PROGRAMS TO SUPPORT THE COMMUNITY SUCH AS WELLNESS PROGRAMS, COMMUNITY EDUCATION PROGRAMS, SPECIAL PROGRAMS FOR THE ELDERLY, HANDICAPPED, MEDICALLY UNDERSERVED, AND A VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Marker Vice Chair/chief Med Officer | OfficerTrustee | 2 | $0 |
Carol Hochstetler Chair | OfficerTrustee | 2 | $0 |
Jeff Brinkman Secretary/treasurer | OfficerTrustee | 2 | $0 |
Kreg Gruber CEO | Officer | 2 | $0 |
Jeffrey Costello CFO | Officer | 2 | $0 |
David Bailey President | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Associated Anesthesiologists Of Ft Anesthesia Services | 12/30/21 | $362,710 |
Midwest Hospitalists Llc Physician Services | 12/30/21 | $757,487 |
South Bend Emergency Physicians Physician Services | 12/30/21 | $1,447,500 |
Gibson Lewis Llc Construction Service | 12/30/21 | $285,464 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,964 |
| 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 | $4,964 |
| Total Program Service Revenue | $24,167,675 |
| Investment income | $46,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,414 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,404,954 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,360 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,520,664 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,639,243 |
| Payroll taxes | $587,577 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,665 |
| Fees for services: Accounting | $8,568 |
| Fees for services: Lobbying | $2,273 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,245 |
| Fees for services: Other | $4,455,303 |
| Advertising and promotion | $5,487 |
| Office expenses | $777,786 |
| Information technology | $6,749 |
| Royalties | $0 |
| Occupancy | $443,185 |
| Travel | $1,604 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $401,666 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,032,565 |
| Insurance | $138,260 |
| All other expenses | $198,496 |
| Total functional expenses | $24,494,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,050 |
| Savings and temporary cash investments | $1,934,089 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,648,445 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $282,421 |
| Prepaid expenses and deferred charges | $49,609 |
| Net Land, buildings, and equipment | $10,802,234 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,759,124 |
| Other assets | $636,978 |
| Total assets | $20,113,950 |
| Accounts payable and accrued expenses | $902,864 |
| Grants payable | $0 |
| Deferred revenue | $382,497 |
| 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 | $11,040,296 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,148,186 |
| Total liabilities | $18,473,843 |
| Net assets without donor restrictions | $1,640,107 |
| 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 | $20,113,950 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Hospital Of Bremen Inc has recieved totaling $81,124.
| Awarding Organization | Amount |
|---|---|
Indiana Hospital Association Inc Indianapolis, IN PURPOSE: COVID-19 RELIEF FUNDS & SMALL RURAL HOSPITAL IMPROVEMENT STIPEND | $81,124 |
Endowment Analysis
| Beg. Balance | $37,554,313 |
| Earnings | $3,841,751 |
| Net Contributions | $3,126,708 |
| Grants | $1,536,648 |
| Ending Balance | $42,986,124 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Francis Hospital Sisters Of The Third Order Of St Francis Litchfield, IL | $115,024,581 | $58,904,775 |
Harrisburg Medical Center Inc Harrisburg, IL | $43,345,882 | $39,197,825 |
Owensboro Health Twin Lakes Regional Medical Center Inc Owensboro, KY | $55,501,629 | $56,278,932 |
Pekin Memorial Hospital Pekin, IL | $70,050,108 | $60,677,158 |
Ascension Borgess Allegan Hospital St Louis, MO | $32,866,970 | $39,637,859 |
Northwest Memorial Healthcare Chicago, IL | $87,933,488 | $39,660,179 |
Cox-Monett Hospital Inc Monett, MO | $76,112,407 | $40,685,063 |
South Shore Hospital Corporation Chicago, IL | $16,996,532 | $44,544,665 |
Stoughton Hospital Association Stoughton, WI | $89,267,867 | $58,913,821 |
Rochelle Community Hospital Association Rochelle, IL | $69,512,926 | $53,740,580 |
The Howard Young Medical Center Inc Wausau, WI | $105,216,633 | $31,671,206 |
Waupun Memorial Hospital Waupun, WI | $81,200,383 | $57,190,057 |