Elkhart Health Fitness And Aquatics Inc
- Assets
- $56.7m
- Revenue
- $1.2m
- Investments
- $625.8k
- Employees
- 0
- Location
- South Bend, IN
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 38-4018882
Organization Overview
Elkhart Health Fitness And Aquatics Inc is located in South Bend, IN. The organization was established in 2017. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elkhart Health Fitness And Aquatics Inc 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 12/2021, Elkhart Health Fitness And Aquatics Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (40.8%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. 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
THE ORGANIZATION EXISTS TO PROMOTE HEALTH, WELLNESS AND WELLBEING OF INDIVIDUALS WITHIN THE COMMUNITIES, ALONG WITH OTHER CIVIC AND COMMUNITY PURPOSES. THIS IS CARRIED OUT PRINCIPALLY THROUGH THE MANAGEMENT OF A FACILITY HOUSING A HEALTHCARE FACILITY, A FITNESS CENTER, AN AQUATICS CENTER AND A COMMUNITY CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION EXISTS TO PROMOTE HEALTH, WELLNESS AND WELLBEING OF INDIVIDUALS WITHIN THE COMMUNITIES, ALONG WITH OTHER CIVIC AND COMMUNITY PURPOSES. THIS IS CARRIED OUT PRINCIPALLY THROUGH THE MANAGEMENT OF A FACILITY HOUSING A HEALTHCARE FACILITY, A FITNESS CENTER, AN AQUATICS CENTER AND A COMMUNITY CENTER. THE ORGANIZATION IS POSSIBLE DUE TO ONGOING COLLABORATION BETWEEN BEACON HEALTH SYSTEM, INC., THE COMMUNITY FOUNDATION OF ELKHART COUNTY INC., AND THE ELKHART COMMUNITY SCHOOLS, EACH OF WHICH HAS REPRESENTATION ON THE ORGANIZATION'S BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Schoeffler Chairman, Secretary | OfficerTrustee | 1 | $0 |
Jeffrey Costello President, Treasurer | OfficerTrustee | 1 | $0 |
Dianne Benko Board Member - Part-Year | Trustee | 0.5 | $0 |
Carl Risk Board Member | Trustee | 0.5 | $0 |
Cole Patuzzi Board Member | Trustee | 0.5 | $0 |
Jill Sigsbee Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $536,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $836,500 |
| Total Program Service Revenue | $300,000 |
| Investment income | $17,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,369 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,159,539 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $500,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $487 |
| 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 | $1,684,761 |
| Insurance | $74,402 |
| All other expenses | $634 |
| Total functional expenses | $2,265,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $408,329 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $55,672,354 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $625,799 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,255 |
| Total assets | $56,716,737 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $5,250,000 |
| 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 | $5,250,000 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $51,466,737 |
| Total liabilities and net assets/fund balances | $56,716,737 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Elkhart Health Fitness And Aquatics Inc has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Elkhart County Inc Elkhart, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $500,000 |
Endowment Analysis
| Beg. Balance | $7,338,414 |
| Earnings | $1,551,206 |
| Admin Expense | $22,673 |
| Net Contributions | $1,388,000 |
| Grants | $168,000 |
| Ending Balance | $10,086,947 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance For Shared Health Inc Columbia, MO | $10,327,143 | $18,356,851 |
Ssm Health Plan St Louis, MO | $8,646,843 | $9,135,845 |
Promise Healthcare Nfp Champaign, IL | $5,494,406 | $13,211,334 |
Public Health Institute Of Metropolitan Chicago Chicago, IL | $3,108,904 | $9,007,429 |
Ozarks Resource Group Hermitage, MO | $13,514,468 | $11,110,615 |
Illinois Public Health Institute Chicago, IL | $5,176,039 | $4,714,158 |
Project Access Inc Milwaukee, WI | $5,986,251 | $7,804,429 |
Medglobal Inc Chicago Ridge, IL | $2,766,181 | $6,071,453 |
American College Of Lifestyle Medicine Chesterfield, MO | $5,075,724 | $6,801,122 |
Wisconsin Sleep Inc Madison, WI | $3,408,651 | $4,687,405 |
Health Foundation Of Greater Indianapolis Inc Indianapolis, IN | $13,159,401 | $2,771,921 |
First Person Care Consultants Llc Milwaukee, WI | $3,197,094 | $3,544,736 |