Cumberland Memorial Hospital Inc
- Assets
- $48.1m
- Revenue
- $35.4m
- Investments
- $0.0
- Employees
- 263
- Location
- Cumberland, WI
- Founding
- 05/1960
- Data as of
- 06/2022
- EIN
- 39-0831153
Organization Overview
Cumberland Memorial Hospital Inc, operating under the name Cumberland Healthcare, is located in Cumberland, WI. The organization was established in 1960. 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 06/2023, Cumberland Healthcare employed 263 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland Healthcare 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 06/2022, Cumberland Healthcare generated $35.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $31.5m during the year ending 06/2022. While expenses have increased by 3.0% per year over the past 6 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
PROVIDE EXCEPTIONAL QUALITY CARE, EVERY STEP OF THE WAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CUMBERLAND MEMORIAL HOSPITAL, INC. D/B/A CUMBERLAND HEALTHCARE (THE ORGANIZATION") IS AN INDEPENDENT, NONPROFIT, FACILITY THAT SERVES NORTHWEST WISCONSIN. THE ORGANIZATION OPERATES A HOSPITAL (CUMBERLAND MEMORIAL HOSPITAL) AND TWO RURAL HEALTH CLINICS (LOCATED IN CUMBERLAND AND TURTLE LAKE). CUMBERLAND MEMORIAL HOSPITAL BECAME A CRITICAL ACCESS HOSPITAL ON AUGUST 19, 2005, LICENSED FOR 25 ACUTE CARE BEDS. SERVICES INCLUDE, BUT ARE NOT LIMITED TO, THERAPY, WOUND CARE, CHEMOTHERAPY, RADIOLOGY, LAB, AMBULANCE SERVICE AND GENERAL SURGERY. DURING FISCAL YEAR 2023, ACUTE CARE DAYS TOTALED 1,123, SWING BED DAYS TOTALED 486. THE ORGANIZATION PROVIDED 35 INPATIENT AND 281 OUTPATIENT SURGERIES ALONG WITH 257 SCOPE PROCEDURES. THERE WERE ALSO 3,055 EMERGENCY ROOM VISITS, 72,541 LAB TESTS, AND 897 AMBULANCE RUNS.
THE ORGANIZATION OPERATES A HOSPITAL (CUMBERLAND MEMORIAL HOSPITAL) AND TWO RURAL HEALTH CLINICS (LOCATED IN CUMBERLAND AND TURTLE LAKE). CUMBERLAND CLINIC TOTAL VISITS WERE 17,939 AND TURTLE LAKE WERE 2,256.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Gores Chairperson | OfficerTrustee | 1 | $2,725 |
Candace Cotone Vice Chair (thru June 2023) | OfficerTrustee | 1 | $2,000 |
Martin Peters Treasurer (thru June 2023) | OfficerTrustee | 1 | $3,100 |
Ann Hendricks Secretary | OfficerTrustee | 1 | $2,000 |
Joseph Leschisin Trustee | Trustee | 1 | $1,400 |
Thomas Lingen MD Trustee | Trustee | 1 | $1,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cumberland Clinic Sc Physician Services | 6/29/23 | $1,534,421 |
Medical Information Technology Electronic Health Record Services | 6/29/23 | $578,824 |
Shared Medical Technology Ultrasound Services | 6/29/23 | $439,031 |
Nuwest Group Holdings Contract Services | 6/29/23 | $309,164 |
Medical Solutions Llc Contract Services | 6/29/23 | $537,338 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,000 |
| Related organizations | $0 |
| Government grants | $3,271,559 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,358 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,380,917 |
| Total Program Service Revenue | $30,986,603 |
| Investment income | $141,971 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $876,871 |
| Net Income from Fundraising Events | $4,089 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,390,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,636 |
| 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. | $501,725 |
| Compensation of current officers, directors, key employees. | $501,725 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,456,008 |
| Pension plan accruals and contributions | $302,533 |
| Other employee benefits | $2,242,206 |
| Payroll taxes | $892,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,477 |
| Fees for services: Accounting | $89,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,678,935 |
| Advertising and promotion | $109,746 |
| Office expenses | $1,565,557 |
| Information technology | $1,382,460 |
| Royalties | $0 |
| Occupancy | $310,920 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,985 |
| Interest | $3,921 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,257,027 |
| Insurance | $139,610 |
| All other expenses | $374,862 |
| Total functional expenses | $31,478,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $912,777 |
| Savings and temporary cash investments | $1,131,317 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,924,708 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $325,000 |
| Inventories for sale or use | $785,376 |
| Prepaid expenses and deferred charges | $47,088 |
| Net Land, buildings, and equipment | $29,790,684 |
| Investments—publicly traded securities | $9,037,357 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $130,483 |
| Total assets | $48,084,790 |
| Accounts payable and accrued expenses | $5,442,796 |
| Grants payable | $0 |
| Deferred revenue | $471,380 |
| 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 | $18,834,669 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $85,358 |
| Total liabilities | $24,834,203 |
| Net assets without donor restrictions | $23,250,587 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $48,084,790 |