Richland Hospital
- Assets
- $90.9m
- Revenue
- $70.5m
- Investments
- $0.0
- Employees
- 498
- Location
- Richland Center, WI
- Founding
- 10/1937
- Data as of
- 12/2022
- EIN
- 39-0808498
Organization Overview
Richland Hospital is located in Richland Center, 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. As of 12/2023, Richland Hospital employed 498 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richland Hospital 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 12/2022, Richland Hospital generated $70.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $66.8m during the year ending 12/2022. While expenses have increased by 8.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR PATIENTS, ABOVE ALL ELSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RICHLAND HOSPITAL, INC. (THE HOSPITAL) OPERATES A 25-BED CRITICAL ACCESS HOSPITAL IN RICHLAND CENTER, WI. PATIENTS SERVED BY THE RICHLAND HOSPITAL IN 2023 INCLUDED 3,168 ADULTS AND PEDIATRICS INPATIENT DAYS, 258 SWING BED PATIENT DAYS, 207 NEWBORN PATIENT DAYS, 61,098 TOTAL OUTPATIENT VISITS, AND 7,409 EMERGENCY ROOM VISITS. THE HOSPITAL ALSO OPERATES A PHYSICIAN CLINIC PROVIDING PRIMARY CARE PROCEDURES SUCH AS CARDIAC TESTS AND ULTRASOUNDS. THE HOSPITAL ENGAGES IN SEVERAL EFFORTS THAT ARE DESCRIBED IN DETAIL ON THE SCHEDULE H ATTACHED TO THE RETURN.
THE RICHLAND HOSPITAL, INC. ALSO OPERATES THREE RURAL HEALTH CLINICS LOCATED IN RICHLAND CENTER, SPRING GREEN AND MUSCODA, WI. DURING 2023 WE CONVERTED A PROVIDER BASED CLINIC TO A RURAL HEALTH CLINIC, RAISING THE NUMBER OF RURAL HEALTH CLINICS TO THREE. THESE CLINICS PROVIDED OVER 15,199 VISITS TO PATIENTS IN THESE COMMUNITIES. THE CLINICS ARE DESIGNATED RURAL HEALTH CLINICS BY THE MEDICARE AND MEDICAID PROGRAMS AND AS SUCH BY DEFINITION ARE LOCATED IN DESIGNATED RURAL OR UNDERSERVED AREAS OF THE COUNTRY BY HEALTH CARE PRACTITIONERS. THESE CLINICS PROVIDE CARE TO A LARGE PORTION OF MEDICARE AND MEDICAID BENEFICIARIES WHO WITHOUT ACCESS TO CARE LOCALLY WOULD BE REQUIRED TO TRAVEL FARTHER DISTANCES FOR QUALITY HEALTHCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Smith MD Chief Of Staff | Trustee | 40 | $18,697 |
John Annear Chair | OfficerTrustee | 3 | $0 |
Steve Bauer Vice Chair | OfficerTrustee | 1 | $0 |
Marilyn Rinehart Treasurer | OfficerTrustee | 1 | $0 |
Shelly Schmidt Secretary | OfficerTrustee | 1 | $0 |
Kay Balink MD Director (& Employee) | Trustee | 26 | $168,648 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Psychiatric Medical Care Llc Psychiatric Services & Staffing | 12/30/23 | $614,943 |
Rural Physicians Group Hospitalist Provider | 12/30/23 | $894,963 |
Fastaff Llc Contracted Labor-nursing | 12/30/23 | $2,122,222 |
Wipfli Llp Financial & Audit Services | 12/30/23 | $433,383 |
Medical Solutions Llc Contracted Labor-nursing | 12/30/23 | $862,890 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $79,483 |
| Government grants | $1,443,883 |
| 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 | $1,523,366 |
| Total Program Service Revenue | $67,913,713 |
| Investment income | $447,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $595,477 |
| Net Gain/Loss on Asset Sales | $11,268 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,512,697 |
| 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. | $1,224,721 |
| Compensation of current officers, directors, key employees. | $1,224,721 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,147,724 |
| Pension plan accruals and contributions | $972,354 |
| Other employee benefits | $5,070,386 |
| Payroll taxes | $1,962,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $142,531 |
| Fees for services: Accounting | $103,160 |
| Fees for services: Lobbying | $9,895 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,565,000 |
| Advertising and promotion | $121,575 |
| Office expenses | $354,747 |
| Information technology | $583,808 |
| Royalties | $0 |
| Occupancy | $879,940 |
| Travel | $58,704 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $290,177 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,149,337 |
| Insurance | $163,437 |
| All other expenses | $323,860 |
| Total functional expenses | $66,845,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,638 |
| Savings and temporary cash investments | $28,014,118 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,874,810 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,251,829 |
| Prepaid expenses and deferred charges | $310,499 |
| Net Land, buildings, and equipment | $26,029,294 |
| Investments—publicly traded securities | $16,186,428 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,196,637 |
| Total assets | $90,865,253 |
| Accounts payable and accrued expenses | $5,209,868 |
| Grants payable | $0 |
| Deferred revenue | $15,079 |
| 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 | $2,444,075 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $547,738 |
| Total liabilities | $8,216,760 |
| Net assets without donor restrictions | $82,504,002 |
| Net assets with donor restrictions | $144,491 |
| 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 | $90,865,253 |