Caro Community Hospital
- Assets
- $11.0m
- Revenue
- $15.6m
- Investments
- $0.0
- Employees
- 138
- Location
- Caro, MI
- Founding
- 10/1998
- Data as of
- 09/2021
- EIN
- 38-3426063
Organization Overview
Caro Community Hospital, operating under the name Mclaren Caro Region, is located in Caro, MI. The organization was established in 1998. 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 09/2021, Mclaren Caro Region employed 138 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mclaren Caro Region 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 09/2021, Mclaren Caro Region generated $15.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $16.9m during the year ending 09/2021. While expenses have increased by 4.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CARO COMMUNITY HOSPITAL, A COMMUNITY-MINDED HEALTHCARE SYSTEM, IS DEDICATED TO PROVIDING COMPASSIONATE CARE AND SERVICES TO ENHANCE THE HEALTH OF ALL THE PATIENTS WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF NEEDED MEDICAL SERVICES TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Gibson Physician | 40 | $270,450 | |
Stephanie Remley Director Of Finance | Officer | 40 | $174,357 |
Matt Rick Interim CEO | OfficerTrustee | 40 | $125,674 |
Yvonne Vandecar Director Of Nursing | 40 | $118,585 | |
Linda Laforest Registered Nurse | 40 | $114,722 | |
Teresa Mcdonald Nurse Practitioner | 40 | $110,112 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Physician Partners Er Physicians | 9/29/21 | $1,466,666 |
Psychiatric Medical Care Llc Dba Senior Psych Services / Staff | 9/29/21 | $375,192 |
Cpsi Computer Maintenance Agreement | 9/29/21 | $319,665 |
Ahsa Agency Nursing | 9/29/21 | $549,342 |
Cps Solutions Pharmacy Mgmt And Wages | 9/29/21 | $146,609 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $310,856 |
| 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 | $310,856 |
| Total Program Service Revenue | $15,194,436 |
| Investment income | $4,272 |
| 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 | $15,571,045 |
| 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. | $173,557 |
| Compensation of current officers, directors, key employees. | $59,530 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,449,921 |
| Pension plan accruals and contributions | $173,809 |
| Other employee benefits | $767,421 |
| Payroll taxes | $418,098 |
| Fees for services: Management | $49,077 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,218 |
| Fees for services: Lobbying | $400 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,011,921 |
| Advertising and promotion | $42,414 |
| Office expenses | $119,256 |
| Information technology | $331,128 |
| Royalties | $0 |
| Occupancy | $236,083 |
| Travel | $25,259 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $750 |
| Interest | $29,320 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $867,264 |
| Insurance | $151,026 |
| All other expenses | $437,211 |
| Total functional expenses | $16,855,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,002,839 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $813,822 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,108 |
| Inventories for sale or use | $266,816 |
| Prepaid expenses and deferred charges | $70,287 |
| Net Land, buildings, and equipment | $4,346,604 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $443,981 |
| Total assets | $10,951,457 |
| Accounts payable and accrued expenses | $1,997,682 |
| Grants payable | $0 |
| Deferred revenue | $1,871,826 |
| 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 | $357,645 |
| Unsecured mortgages and notes payable | $1,327,807 |
| Other liabilities | $806,123 |
| Total liabilities | $6,361,083 |
| Net assets without donor restrictions | $4,590,374 |
| 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 | $10,951,457 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Caro Community Hospital has recieved totaling $269,532.
| Awarding Organization | Amount |
|---|---|
Michigan Center For Rural Health East Lansing, MI PURPOSE: SEE STATEMENTS 1 AND 2. | $269,532 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sparrow Carson Hospital Carson City, MI | $33,968,594 | $46,073,007 |
Sparrow Clinton Hospital St Johns, MI | $188,415,799 | $67,909,547 |
Stoughton Hospital Association Stoughton, WI | $89,267,867 | $58,913,821 |
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 |
Thedacare Medical Center-Waupaca Inc Appleton, WI | $126,150,544 | $53,171,867 |
Huron Memorial Hospital Bad Axe, MI | $35,980,815 | $40,567,551 |
Ladd Memorial Hospital Osceola, WI | $46,005,640 | $41,699,342 |
Mymichigan Medical Center Gladwin Gladwin, MI | $84,954,662 | $42,253,031 |
Gibson General Hospital Inc Princeton, IN | $49,838,918 | $48,120,647 |
Greene Memorial Hospital Inc Miamisburg, OH | $27,350,571 | $39,121,509 |
Valley Oaks Health Inc Lafayette, IN | $90,242,924 | $40,227,621 |