Holy Family Memorial Inc

Organization Overview

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.

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


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Board, Officers & Key Employees

Name (title)Compensation
Michelle L Birschbach
Vice Chair
$0
Derek R Bown Dc
Director
$0
Matthew L Campbell MD
Director
$0
Jeffrey S Dunn
Director
$0
Sister Marlita Henseler
Director
$0
Erick M Kahlenberg
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Xtend Healthcare Llc
Billing Services
$3,907,054
Medical Solutions Llc
Staffing Services
$1,781,224
Bellin Memorial Hospital Inc
Professional Svcs
$902,295
Completerx Ltd
Pharmacy Services
$849,167
Rightsourcing Inc
Staffing Services
$1,906,861
View All Vendors

Financial Statements

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

Grants Awarded

Over the last fiscal year, Holy Family Memorial Inc has awarded $70,687 in support to 5 organizations.

Grant RecipientAmount

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
View Grant Profile

Peer Organizations

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Catholic Health Initiatives-Iowa Corp
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Advocate North Side Health Network
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Covenant Medical Center Inc
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$776,913,978
North Memorial Health Care
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$782,427,407
Allegiance Health
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$794,122,795
Swedishamerican Hospital
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$778,252,715
Bellin Memorial Hospital Inc
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$746,094,277
Southern Illinois Hospital Services
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$710,354,566
Munson Medical Center
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$752,883,085
St Vincent Hospital-Hospital Sisters-Third Order Of St Francis
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$660,136,111
Aspirus Wausau Hospital Inc
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$702,469,178
Mercy Health System Corporation
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$657,550,084
Smdc Medical Center
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$663,367,068
Northwest Community Hospital
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$616,010,768
St Lukes Hospital Of Duluth
Duluth, MN
$556,751,150
St Johns Hospital Of The Hospital Sisters Of The Third Order Of St F
Springfield, IL
$602,839,842
Mymichigan Medical Center Midland
Midland, MI
$744,742,068
Prohealth Waukesha Memorial Hospital Inc
Waukesha, WI
$577,280,445
Meriter Hospital Inc
Madison, WI
$605,087,481
Blessing Hospital
Quincy, IL
$590,268,525
Metropolitan Hospital
Wyoming, MI
$541,463,922
Adventist Midwest Health
Hinsdale, IL
$513,476,068
Southeast Iowa Regional Medical Center Inc
West Burlington, IA
$370,717,276

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