Holy Family Memorial Inc is located in Manitowoc, WI. The organization was established in 1937. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Holy Family Memorial 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 12/2020, Holy Family Memorial Inc generated $123.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $125.8m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
HOLY FAMILY MEMORIAL IS A NETWORK OF PROFESSIONALS WHO, ROOTED IN THE HEALING MINISTRY OF JESUS CHRIST, PROVIDE SERVICES TO HELP INDIVIDUALS ACHIEVE HEALTHIER LIVES.
Describe the Organization's Program Activity:
HOLY FAMILY MEMORIAL IS AN INTEGRATED NETWORK PROVIDING HEALTH CARE SERVICES INTENDED TO BENEFIT THE HEALTH AND WELLBEING OF THE COMMUNITIES IT SERVES. THESE SERVICES INCLUDE PRIMARY AND SPECIALTY CLINIC CARE, PREVENTIVE CARE SUCH AS HEALTH SCREENINGS, VACCINATION CLINICS AND HEALTH EDUCATION CLASSES, 24/7 EMERGENCY CARE, WALK-IN, INPATIENT ACUTE CARE, OUTPATIENT CARE, HOME CARE AND HOSPICE, PRESCRIPTIONS, OCCUPATIONAL HEALTH SERVICES, AND MEDICALLY BASED FITNESS AND WELLNESS. HOLY FAMILY MEMORIAL HAS BEEN ABLE TO ACHIEVE A GREATER IMPACT IN THE COMMUNITY BY PARTNERING FINANCIAL, HUMAN AND PROGRAMMATIC RESOURCES WITH OTHER ORGANIZATIONS. (CONTINUED ON SCHEDULE O)THESE PARTNERSHIPS INCLUDE A COMMITMENT TO COLLABORATE WITH OTHER HEALTH AND SOCIAL SERVICE AGENCIES TO IMPROVE ACCESS TO CARE, FOCUS ON PREVENTIVE SERVICES, REDUCE COMMUNITY HEALTH RISKS, AND CONTRIBUTE TO A HEALTHIER, VIBRANT COMMUNITY. HOLY FAMILY MEMORIAL PROVIDES MEDICALLY NECESSARY SERVICES WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICIES. IN ASSESSING A PATIENT'S ABILITY TO PAY, HFM UTILIZES GENERALLY RECOGNIZED POVERTY INCOME LEVELS OF THE COMMUNITIES IT SERVES, AND CONSIDERS SITUATIONS WHERE INCURRED CHARGES ARE SIGNIFICANT WHEN COMPARED TO THE PATIENT'S FINANCIAL RESOURCES. BECAUSE HFM DOES NOT EXPECT TO RECEIVE PAYMENT OF AMOUNTS DETERMINED TO QUALIFY AS CHARITY CARE, THESE AMOUNTS ARE NOT INCLUDED IN NET PATIENT SERVICE REVENUES. HOLY FAMILY MEMORIAL'S TOTAL COMMUNITY BENEFIT INCLUDES THE COST OF CHARITY CARE AND UNPAID COST OF PUBLIC PROGRAMS (MEDICARE AND MEDICAID) AS WELL AS THOSE DISCUSSED ABOVE. HOLY FAMILY MEMORIAL'S COMMUNITY BENEFIT WAS APPROXIMATELY $16,816,000 FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2021. THIS AMOUNT INCLUDES THE NET COST OF CHARITY CARE OF APPROXIMATELY $85,000. MORE INFORMATION IS AVAILABLE FROM OUR COMMUNITY BENEFIT REPORT WHICH IS LOCATED ON OUR WEBSITE AT WWW.HFMHEALTH.ORG.
SEE SCHEDULE O - OUTPATIENT SERVICES
ALL OTHER REVENUE:INTERCOMPANY REVENUE: REVENUE THAT ORIGINALLY CAME FROM PATIENT ACTIVITY THAT WAS MOVED BETWEEN RELATED FROEDTERT COMPANIES DUE TO COMPANY RESTRUCTURING;OTHER DEPARTMENT REVENUE: REVENUE DERIVED FROM A VARIETY OF SERVICES AND ACTIVITY THAT SUPPORTS DIRECTLY OR INDIRECTLY THE PROVISION OF PATIENT CARE WITHIN THE FACILITY. INCLUDED IN THIS CATEGORY ARE ATHLETIC TRAINER SERVICES, FITNESS DEVELOPMENT, WORKFORCE HEALTH, AND NUTRITION SERVICES;CAFETERIA: CAFETERIA RECEIPTS;ALL OTHER REVENUE: CONTAINS REBATES AND INVENTORY DISCOUNTS.
SEE SCHEDULE O - INPATIENT SERVICES
SEE SCHEDULE O - EMERGENCY SERVICES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michelle L Birschbach Vice Chair | OfficerTrustee | 2 | $0 |
Derek R Bown Dc Director | Trustee | 40 | $0 |
Matthew L Campbell MD Director | Trustee | 40 | $0 |
Jeffrey S Dunn Director | Trustee | 2 | $0 |
Sister Marlita Henseler Director | Trustee | 2 | $0 |
Erick M Kahlenberg Director | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Xtend Healthcare Llc Billing Services | 6/29/22 | $3,907,054 |
Medical Solutions Llc Staffing Services | 6/29/22 | $1,781,224 |
Bellin Memorial Hospital Inc Professional Svcs | 6/29/22 | $902,295 |
Completerx Ltd Pharmacy Services | 6/29/22 | $849,167 |
Rightsourcing Inc Staffing Services | 6/29/22 | $1,906,861 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $351,602 |
Investment income | $4,680,534 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $34,429 |
Net Gain/Loss on Asset Sales | -$17,998 |
Net Income from Fundraising Events | $5,040 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $769 |
Miscellaneous Revenue | $0 |
Total Revenue | $122,954,720 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $24,026 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $4,504,401 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $49,781,460 |
Pension plan accruals and contributions | $729,865 |
Other employee benefits | $8,125,390 |
Payroll taxes | $3,122,463 |
Fees for services: Management | $871,619 |
Fees for services: Legal | $822,003 |
Fees for services: Accounting | $169,769 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,574,903 |
Advertising and promotion | $181,342 |
Office expenses | $398,690 |
Information technology | $4,505,853 |
Royalties | $0 |
Occupancy | $1,910,398 |
Travel | $143,629 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $105,364 |
Interest | $1,555,974 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $6,828,852 |
Insurance | $695,834 |
All other expenses | $0 |
Total functional expenses | $125,825,045 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,276,233 |
Savings and temporary cash investments | $6,538,018 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $10,933,773 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $1,968,334 |
Prepaid expenses and deferred charges | $5,657,410 |
Investments—publicly traded securities | $71,252,977 |
Investments—other securities | $423,758 |
Investments—program-related | $1,583,640 |
Intangible assets | $0 |
Other assets | $423,795 |
Total assets | $179,865,777 |
Accounts payable and accrued expenses | $12,870,496 |
Grants payable | $0 |
Deferred revenue | $25,559 |
Tax-exempt bond liabilities | $46,061,930 |
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 | $10,212,087 |
Total liabilities | $69,170,072 |
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 | $110,695,705 |
Over the last fiscal year, Holy Family Memorial Inc has awarded $70,687 in support to 5 organizations.
Grant Recipient | Amount |
---|---|
BOYS & GIRLS CLUBS OF THE FOX VALLEY INC PURPOSE: PAYMENT FOR BENEFIT OF YOUNG PEOPLE BETWEEN AGES 6 - 12 | $25,000 |
CAPITOL CIVIC CENTRE INC PURPOSE: ACT II CAMPAIGN - PAYMENT TO IMPROVE THE CENTRE'S BUILDING | $21,000 |
CITY OF MANITOWOC PURPOSE: HOLIDAY PARADE SPONSORSHIP; PAYMENT FOR MANITOWOC FAMILY AQUATIC CENTER CAPITAL CAMPAIGN | $5,500 |
PROGRESS LAKESHORE PURPOSE: GENERAL SUPPORT | $13,000 |
THE CHAMBER OF MANITOWOC COUNTY PURPOSE: HOLE SPONSORSHIP OF GOLF OUTING; SPONSORSHIP OF AWARDS OF DISTINCTION; TITLE SPONSOR OF FALL CONFERENCE | $6,187 |