Richland Hospital
- Assets
- $90.3m
- Revenue
- $72.2m
- Investments
- $0.0
- Employees
- 512
- Location
- Richland Center, WI
- Founding
- 10/1937
- Data as of
- 12/2021
- 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 12/2021, Richland Hospital employed 512 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 12/2021, Richland Hospital generated $72.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $62.0m during the year ending 12/2021. While expenses have increased by 8.1% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE RICHLAND HOSPITAL IS DEDICATED TO CARING, EDUCATING, AND HEALING.
Describe the Organization's Program Activity:
THE RICHLAND HOSPITAL, INC. (THE HOSPITAL) OPERATES A 25-BED CRITICAL ACCESS HOSPITAL IN RICHLAND CENTER, WI. PATIENTS SERVED BY THE RICHLAND HOSPITAL IN 2021 INCLUDED 3,314 ADULTS AND PEDIATRICS INPATIENT DAYS, 383 SWING BED PATIENT DAYS, 215 NEWBORN PATIENT DAYS, 66,160 TOTAL OUTPATIENT VISITS, AND 6,474 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 TWO RURAL HEALTH CLINICS LOCATED IN SPRING GREEN AND MUSCODA, WI. DURING 2021 THESE TWO CLINICS PROVIDED OVER 7,396 VISITS TO PATIENTS IN BOTH 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 |
|---|---|---|---|
Thomas Beck Orthopedic Surgeon | 40 | $574,009 | |
Bryan Mccarvel Crna | 40 | $392,230 | |
Andrew Wright Family Doctor | 40 | $374,563 | |
Andrew Harris Er Md Doctor | 40 | $345,736 | |
Shawn O' Brien Emergency Physician | 40 | $344,689 | |
Bruce Roesler CEO | Officer | 40 | $320,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rural Physicians Group Hospitalist Provider | 12/30/21 | $843,588 |
Psychiatric Medical Care Llc Psychiatric Services | 12/30/21 | $553,221 |
Huron Consulting Services Llc Mt Expanse Software Consulting | 12/30/21 | $217,055 |
Meriter Kealth Enterprises Dba Meriter L Laboratory Testing Services | 12/30/21 | $460,565 |
Medical Solutions Llc Contracted Labor-nursing | 12/30/21 | $226,654 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $105,810 |
| Government grants | $5,381,807 |
| 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 | $5,487,617 |
| Total Program Service Revenue | $65,303,983 |
| Investment income | $411,534 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $415,537 |
| Net Gain/Loss on Asset Sales | $544,684 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,163,355 |
| 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. | $964,838 |
| Compensation of current officers, directors, key employees. | $964,838 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,162,824 |
| Pension plan accruals and contributions | $908,683 |
| Other employee benefits | $4,348,463 |
| Payroll taxes | $1,844,442 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $126,370 |
| Fees for services: Accounting | $42,155 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,678,967 |
| Advertising and promotion | $149,374 |
| Office expenses | $334,811 |
| Information technology | $678,607 |
| Royalties | $0 |
| Occupancy | $906,579 |
| Travel | $37,278 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $205,342 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,138,380 |
| Insurance | $135,833 |
| All other expenses | $276,902 |
| Total functional expenses | $62,037,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,488 |
| Savings and temporary cash investments | $29,933,448 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,024,020 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,104,042 |
| Prepaid expenses and deferred charges | $353,883 |
| Net Land, buildings, and equipment | $26,099,046 |
| Investments—publicly traded securities | $18,163,195 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $319,926 |
| Other assets | $2,296,129 |
| Total assets | $90,295,177 |
| Accounts payable and accrued expenses | $6,049,745 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,900,361 |
| Total liabilities | $8,950,106 |
| Net assets without donor restrictions | $81,178,059 |
| Net assets with donor restrictions | $167,012 |
| 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 | $90,295,177 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Richland Hospital has recieved totaling $110,000.
| Awarding Organization | Amount |
|---|---|
American Heart Association Inc Dallas, TX PURPOSE: COMMUNITY HEALTH | $55,000 |
American Heart Association Inc Dallas, TX PURPOSE: COMMUNITY HEALTH | $55,000 |
Endowment Analysis
| Beg. Balance | $76,264 |
| Earnings | $377 |
| Ending Balance | $76,641 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fort Madison Community Hospital West Burlington, IA | $0 | $63,917,889 |
Gibson Area Hospital Gibson City, IL | $63,536,615 | $119,801,214 |
Mymichigan Medical Center Sault Sault Ste Marie, MI | $104,046,577 | $126,853,788 |
St Nicholas Hospital Of The Hospita Sisters Of The Third Order Of St F Sheboygan, WI | $160,864,409 | $138,043,178 |
Holy Cross Hospital Chicago, IL | $142,348,563 | $113,770,792 |
Winona Health Services Winona, MN | $149,374,764 | $114,059,975 |
Beaver Dam Community Hospitals Inc Beaver Dam, WI | $193,989,750 | $109,285,462 |
Jennie Edmundson Memorial Hospital Council Bluffs, IA | $159,830,825 | $120,935,401 |
Ottawa Regional Hospital & Healthcare Center Peoria, IL | $91,725,518 | $145,777,119 |
St Bernard Hospital Chicago, IL | $104,253,183 | $104,812,040 |
Prohealth Oconomowoc Memorial Hospital Inc Oconomowoc, WI | $128,184,799 | $110,175,380 |
Mcgaw Medical Center Of Northwestern University Chicago, IL | $21,606,214 | $109,728,056 |