Eaton Rapids Medical Center
- Assets
- $45.0m
- Revenue
- $34.8m
- Investments
- $1.7m
- Employees
- 335
- Location
- Eaton Rapids, MI
- Founding
- 03/1955
- Data as of
- 06/2020
- EIN
- 38-1559180
Organization Overview
Eaton Rapids Medical Center is located in Eaton Rapids, MI. The organization was established in 1955. 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, Eaton Rapids Medical Center employed 335 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eaton Rapids Medical Center 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 06/2020, Eaton Rapids Medical Center generated $34.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $34.0m during the year ending 06/2020. While expenses have increased by 4.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
CARE. SERVE. INSPIRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EATON RAPIDS MEDICAL CENTER OPERATES A SHORT-TERM, ACUTE CARE HOSPITAL SERVING THE EATON RAPIDS, MICHIGAN COMMUNITY. THE HOSPITALS VISION IS TO BE THE HOSPITAL PATIENTS TRUST, PHYSICIANS PREFER, AND STAFF MEMBERS LOVE.EATON RAPIDS MEDICAL CENTER PROVIDES TOOLS AND EDUCATION TO HELP PATIENTS AND THE COMMUNITY LEAD HEALTHY LIFESTYLES THROUGH PROGRAMS SUCH AS: A FARMERS MARKET, A HEALTHWORKS PROGRAM, AND HEALTH FAIRS. SUPPORT GROUPS AND SEMINARS ARE OFFERED ON CHRONIC DISEASES INCLUDING: A DIABETES SUPPORT GROUP, ARTHRITIS CLASSES, AND LUNCH WITH A MEDICAL PROFESSIONAL. PATIENTS ARE ALSO PROVIDED ASSISTANCE TO NAVIGATE THE HEALTH INSURANCE EXCHANGES AND ARE ASSISTED WITH THE ENROLLMENT PROCESS. IN 2021 EATON RAPIDS MEDICAL CENTER SAW THE FOLLOWING VOLUME OF PATIENTS: - INPATIENT ADMISSIONS = 235, INPATIENT DAYS = 545, AND EMERGENCY ROOM VISITS = 7,282. - OUTPATIENT VISITS TOTALED: LABORATORY = 18,518, RADIOLOGY =5,508, RESPIRATORY = 254, CARDIOLOGY =1,091, REHAB = 8,439 AND CLINICS = 6,835.EATON RAPIDS MEDICAL CENTER ACCEPTS PATIENTS REGARDLESS OF THEIR ABILITY TO PAY. THE HOSPITAL PROVIDED $33,990 OF CHARITY CARE DURING 2021 AND RECORDED $1,198,940 OF BAD DEBT EXPENSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Fata Ed Physician | 36 | $397,490 | |
Ryan Jones Ed Physician | 36 | $327,608 | |
Donna Brown Ed Physician | 36 | $292,780 | |
Lowell Fernander Rhc Physician | 40 | $284,274 | |
Tim Johnson CEO | OfficerTrustee | 40 | $264,715 |
Roohi Kahon Physician | 40 | $210,179 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pgpa Llc Pharmacy Services | 6/29/21 | $296,421 |
Lutz Enterprises Anesthesia Services | 6/29/21 | $775,404 |
Ge Precision Healthcare Llc Radiology Maintenance | 6/29/21 | $116,161 |
Aureus Radiology Llc Radiology Services | 6/29/21 | $252,058 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,090,525 |
| Investment income | $178,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,774 |
| Net Gain/Loss on Asset Sales | $29,944 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,815,004 |
| Statement of Expenses | |
|---|---|
| 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. | $471,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,581,540 |
| Pension plan accruals and contributions | $154,617 |
| Other employee benefits | $2,759,980 |
| Payroll taxes | $950,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $88,252 |
| Fees for services: Accounting | $72,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,315,106 |
| Advertising and promotion | $141,671 |
| Office expenses | $775,872 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $377,048 |
| Travel | $13,814 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $182,633 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,574,315 |
| Insurance | $262,365 |
| All other expenses | $0 |
| Total functional expenses | $33,968,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $415,024 |
| Savings and temporary cash investments | $17,985,695 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,476,415 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $691,608 |
| Prepaid expenses and deferred charges | $1,442,410 |
| Investments—publicly traded securities | $2,769,659 |
| Investments—other securities | $1,700,421 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,066,406 |
| Total assets | $44,974,574 |
| Accounts payable and accrued expenses | $7,405,136 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $4,337,869 |
| 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 | $3,038,800 |
| Other liabilities | $308,205 |
| Total liabilities | $15,090,010 |
| Net assets without donor restrictions | $0 |
| 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 | $29,884,564 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Eaton Rapids Medical Center has recieved totaling $269,598.
| Awarding Organization | Amount |
|---|---|
Michigan Center For Rural Health East Lansing, MI PURPOSE: SEE STATEMENTS 1 AND 2. | $269,532 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $66 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton - Kings Daughters Health Inc Madison, IN | $327,672,291 | $141,257,726 |
Wood County Hospital Assn Bowling Green, OH | $236,887,243 | $125,669,234 |
Margaret Mary Community Hospital Inc Batesville, IN | $200,618,179 | $130,077,852 |
Mymichigan Medical Center Sault Sault Ste Marie, MI | $104,046,577 | $126,853,788 |
Shelby County Memorial Hospital Association Inc Sidney, OH | $171,819,264 | $129,965,258 |
St Nicholas Hospital Of The Hospita Sisters Of The Third Order Of St F Sheboygan, WI | $160,864,409 | $138,043,178 |
Beaver Dam Community Hospitals Inc Beaver Dam, WI | $193,989,750 | $109,285,462 |
Emma L Bixby Medical Center Toledo, OH | $214,732,301 | $139,202,852 |
Prohealth Oconomowoc Memorial Hospital Inc Oconomowoc, WI | $128,184,799 | $110,175,380 |
Southeastern Ohio Regional Medical Center Inc Cambridge, OH | $103,375,834 | $115,994,733 |
Munson Healthcare Otsego Memorial Hospital Gaylord, MI | $125,430,745 | $117,986,208 |
The Union Hospital Association Independence, OH | $196,450,752 | $107,783,506 |