Munster Medical Research Foundation Inc
- Assets
- $297.0m
- Revenue
- $660.6m
- Investments
- $0.0
- Employees
- 4,021
- Location
- Munster, IN
- Founding
- 09/2002
- Data as of
- 06/2021
- EIN
- 35-1107009
Organization Overview
Munster Medical Research Foundation Inc, operating under the name Community Hospital, is located in Munster, IN. The organization was established in 2002. 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, Community Hospital employed 4,021 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community 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 06/2021, Community Hospital generated $660.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $572.7m during the year ending 06/2021. While expenses have increased by 3.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY HOSPITAL IS COMMITTED TO PROVIDING THE HIGHEST QUALITY CARE IN THE MOST COST-EFFICIENT MANNER, RESPECTING THE DIGNITY OF THE INDIVIDUAL.
Describe the Organization's Program Activity:
MUNSTER MEDICAL RESEARCH FOUNDATION, INC., D/B/A/ COMMUNITY HOSPITAL IS A 454 BED ACUTE CARE HOSPITAL THAT OFFERS A BROAD RANGE OF SERVICES TO CARE FOR ITS PATIENTS WITHOUT REGARD TO THEIR ABILITY TO PAY. MUNSTER MEDICAL RESEARCH FOUNDATION, INC. PROVIDES LEADING-EDGE CARE TO PATIENTS IN NORTHWEST INDIANA. THROUGH ITS DEDICATION TO QUALITY AND INNOVATION, MUNSTER MEDICAL RESEARCH FOUNDATION, INC. HAS EARNED A MULTITUDE OF ACCREDITATIONS, AWARDS, AND CERTIFICATIONS IN ITS PURSUIT OF IMPROVING THE HEALTH OF ITS PATIENTS AND COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Berkowitz MD Medical Director | 40 | $628,241 | |
Julius Gore Anesthesiologist | 40 | $494,173 | |
Stephen Eric Goldberg Anesthesiologist | 40 | $481,519 | |
Simona Joffe Siddall Anesthesiologist | 40 | $472,890 | |
Louis Lin Anesthesiologist | 40 | $469,899 | |
Ronda Mckay VP & Cno | Officer | 40 | $332,688 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walsh Construction Company Llc Construction | 6/29/15 | $10,503,318 |
Rehabgroup Inc Rehab Care Services | 6/29/15 | $3,897,356 |
Alliance Healthcare Services Inc Mri Imaging | 6/29/15 | $1,603,439 |
The Pangere Corporation Construction | 6/29/15 | $2,489,417 |
Hasse Construction Construction | 6/29/15 | $1,394,716 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,376,348 |
| All other contributions, gifts, grants, and similar amounts not included above | $349,870 |
| Noncash contributions included in lines 1a–1f | $1,088,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,726,218 |
| Total Program Service Revenue | $629,507,727 |
| Investment income | $284,079 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $120,957 |
| Net Gain/Loss on Asset Sales | $166,264 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $660,640,751 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,873 |
| 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. | $1,420,671 |
| Compensation of current officers, directors, key employees. | $1,420,617 |
| Compensation to disqualified persons | $203,725 |
| Other salaries and wages | $184,249,743 |
| Pension plan accruals and contributions | $5,975,047 |
| Other employee benefits | $23,453,983 |
| Payroll taxes | $13,662,818 |
| Fees for services: Management | $1,375,494 |
| Fees for services: Legal | $414,780 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,851,935 |
| Advertising and promotion | $477,509 |
| Office expenses | $5,232,609 |
| Information technology | $6,823,277 |
| Royalties | $0 |
| Occupancy | $7,005,052 |
| Travel | $146,796 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $228,344 |
| Interest | $8,605 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,071,970 |
| Insurance | $3,757,270 |
| All other expenses | $28,999,167 |
| Total functional expenses | $572,702,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,265 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,481,065 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,518,977 |
| Prepaid expenses and deferred charges | $2,692,439 |
| Net Land, buildings, and equipment | $190,347,223 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,958,981 |
| Total assets | $297,008,950 |
| Accounts payable and accrued expenses | $35,583,784 |
| Grants payable | $0 |
| Deferred revenue | $1,227,559 |
| 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 | $93,081,117 |
| Total liabilities | $129,892,460 |
| Net assets without donor restrictions | $166,774,367 |
| Net assets with donor restrictions | $342,123 |
| 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 | $297,008,950 |
Grants Awarded
Over the last fiscal year, Munster Medical Research Foundation Inc has awarded $19,016 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF MUNSTER PURPOSE: SPONSORSHIP | $11,866 |
MUNSTER HIGH SCHOOL PURPOSE: SPONSORSHIP | $7,150 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Munster Medical Research Foundation Inc has recieved totaling $42,357.
| Awarding Organization | Amount |
|---|---|
Community Hospital Auxliary Of Munster Indiana Munster, IN PURPOSE: Disability assistance | $14,119 |
Community Hospital Auxliary Of Munster Indiana Munster, IN PURPOSE: Disability assistance | $14,119 |
Community Hospital Auxliary Of Munster Indiana Munster, IN PURPOSE: Disability assistance | $14,119 |
Endowment Analysis
| Beg. Balance | $97,973 |
| Earnings | $8,199 |
| Admin Expense | $3 |
| Ending Balance | $106,169 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |
Ascension Providence Hospital St Louis, MO | $465,661,519 | $850,694,127 |
Truman Medical Center Incorporated Kansas City, MO | $489,587,316 | $736,606,337 |