Paul Oliver Memorial Hospital
- Assets
- $28.2m
- Revenue
- $27.8m
- Investments
- $3.6m
- Employees
- 268
- Location
- Traverse City, MI
- Founding
- 09/1945
- Data as of
- 06/2022
- EIN
- 38-1415623
Organization Overview
Paul Oliver Memorial Hospital is located in Traverse City, MI. The organization was established in 1945. 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 06/2022, Paul Oliver Memorial Hospital employed 268 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paul Oliver Memorial 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 06/2022, Paul Oliver Memorial Hospital generated $27.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $23.4m during the year ending 06/2022. While expenses have increased by 3.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PAUL OLIVER MEMORIAL HOSPITAL AND ITS PARTNERS WORK TOGETHER TO PROVIDE SUPERIOR QUALITY CARE AND PROMOTE COMMUNITY HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED WHILE PROVIDING HOSPITAL SERVICES TO THE RESIDENTS OF BENZIE COUNTY AND THE SURROUNDING AREA WHILE FULFILLING THE HOSPITAL'S MISSION TO PROVIDE HEALTHCARE IN THE COMMUNITY. PAUL OLIVER MEMORIAL HOSPITAL HAD OVER 43,000 OUTPATIENT VISITS IN FISCAL YEAR 2022. THE HOSPITAL SERVED MORE THAN 5,400 EMERGENCY ROOM VISITS. PAUL OLIVER MEMORIAL HOSPITAL ACCEPTS ALL PATIENTS, REGARDLESS OF ABILITY TO PAY. THE HOSPITAL HAS 20 ACTIVE MEDICAL STAFF AND 22 VOLUNTEERS. INCLUDED IN PROGRAM SERVICE EXPENSES ARE 271,000 OF COVID-19 EXPENSES FOR PATIENT CARE AND OTHER RELATED EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin A Ness Director | Trustee | 1 | $0 |
Tonya Smith Director | Trustee | 1 | $0 |
Mark A Hepler Former CFO | $0 | ||
James Barker President | OfficerTrustee | 20 | $0 |
Alicia Maitland CFO | Officer | 2 | $0 |
Casey Kandow VP Ancillary | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crystal Lake Emergency Services Emergency Servi | 6/29/22 | $544,288 |
Hallmark Healthcare Solutions Staffing | 6/29/22 | $360,791 |
Unimed Mobile Mri Llc Mri Unit Rental | 6/29/22 | $284,456 |
Sodexo Inc And Affiliates Food Service | 6/29/22 | $274,730 |
Canon Medical Systems Usa Inc Equipment Maint | 6/29/22 | $111,115 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $757,381 |
| Government grants | $1,785,819 |
| 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 | $2,543,200 |
| Total Program Service Revenue | $24,786,687 |
| Investment income | $116,699 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,757 |
| Net Gain/Loss on Asset Sales | $244,751 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,769,148 |
| 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. | $588,968 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,605,147 |
| Pension plan accruals and contributions | $478,820 |
| Other employee benefits | $1,304,957 |
| Payroll taxes | $741,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $438 |
| Fees for services: Accounting | $14,407 |
| Fees for services: Lobbying | $2,111 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,232 |
| Fees for services: Other | $4,763,737 |
| Advertising and promotion | $0 |
| Office expenses | $225,944 |
| Information technology | $285,105 |
| Royalties | $0 |
| Occupancy | $653,651 |
| Travel | $17,691 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,358 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $829,903 |
| Insurance | $105,138 |
| All other expenses | $90,465 |
| Total functional expenses | $23,351,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,250 |
| Savings and temporary cash investments | $7,838,851 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,474,390 |
| 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 | $29,576 |
| Net Land, buildings, and equipment | $6,748,453 |
| Investments—publicly traded securities | $6,107,956 |
| Investments—other securities | $3,565,689 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $449,451 |
| Total assets | $28,215,616 |
| Accounts payable and accrued expenses | $2,187,353 |
| Grants payable | $0 |
| 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 | $1,583,220 |
| Total liabilities | $3,770,573 |
| Net assets without donor restrictions | $20,879,354 |
| Net assets with donor restrictions | $3,565,689 |
| 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 | $28,215,616 |