Wabash Memorial Hospital Association
- Assets
- $9.5m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Decatur, IL
- Founding
- 06/1944
- Data as of
- 12/2021
- EIN
- 37-0806462
Organization Overview
Wabash Memorial Hospital Association is located in Decatur, IL. The organization was established in 1944. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Wabash Memorial Hospital Association employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wabash Memorial Hospital Association is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Wabash Memorial Hospital Association generated $13.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $15.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 years. 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
TO PROVIDE HEALTH CARE TO ALL MEMBERS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH CARE TO ALL MEMBERS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Julie Riggen Plan Admin | Officer | 40 | $140,000 |
Mr Tim Hunt Vice Chairman | OfficerTrustee | 0 | $0 |
Mr Jason Shannon Chairman | OfficerTrustee | 0 | $0 |
Mr Tracey Sumpter Fund Manager | Trustee | 0 | $0 |
Mr Chris Jones Fund Manager | Trustee | 0 | $0 |
Mr Tim Southerland Fund Manager | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,698,726 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $12,698,726 |
| Total Program Service Revenue | $540,666 |
| Investment income | $187,552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $13,426,944 |
| 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 | $13,781,919 |
| Compensation of current officers, directors, key employees. | $151,374 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $597,420 |
| Pension plan accruals and contributions | $33,409 |
| Other employee benefits | $86,600 |
| Payroll taxes | $62,069 |
| Fees for services: Management | $40,483 |
| Fees for services: Legal | $228,185 |
| Fees for services: Accounting | $48,546 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,701 |
| Fees for services: Other | $90,695 |
| Advertising and promotion | $0 |
| Office expenses | $68,071 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,759 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,608 |
| Insurance | $27,813 |
| All other expenses | $1,018 |
| Total functional expenses | $15,801,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $321,358 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $260,066 |
| 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 | $17,389 |
| Net Land, buildings, and equipment | $205,006 |
| Investments—publicly traded securities | $8,702,851 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,506,670 |
| Accounts payable and accrued expenses | $965,978 |
| Grants payable | $0 |
| Deferred revenue | $56,461 |
| 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 | $1,022,439 |
| Net assets without donor restrictions | $8,484,231 |
| 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 | $9,506,670 |
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