Amery Regional Medical Center Inc
- Assets
- $63.9m
- Revenue
- $77.0m
- Investments
- $0.0
- Employees
- 452
- Location
- Minneapolis, MN
- Founding
- 01/1958
- Data as of
- 12/2022
- EIN
- 39-0908320
Organization Overview
Amery Regional Medical Center Inc is located in Minneapolis, MN. The organization was established in 1958. As of 12/2022, Amery Regional Medical Center Inc employed 452 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amery Regional Medical Center 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 12/2022, Amery Regional Medical Center Inc generated $77.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $71.6m during the year ending 12/2022. While expenses have increased by 3.9% 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
TO PROVIDE ACCESSIBLE, COMPREHENSIVE, QUALITY HEALTHCARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O - EXEMPT PURPOSE AND ACHIEVEMENTS FOR A DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Dado Director & Secretary | OfficerTrustee | 1.75 | $1,200 |
Chuck Williamson Director | Trustee | 1.75 | $1,200 |
James A Leadholm Jr Director & Chair | OfficerTrustee | 1.75 | $1,200 |
Mai Xia Her-Warner Director | Trustee | 1.75 | $900 |
Jane Johnson Director | Trustee | 1.75 | $1,200 |
Chris Petersen Director | Trustee | 1.75 | $1,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Infinite Health Collaborative Professional Services | 12/30/22 | $1,078,178 |
River Valley Anesthesia Inc Nurse Anesthetists | 12/30/22 | $973,386 |
Sagiliti Energy Consulting | 12/30/22 | $605,686 |
Kraus-anderson Construction Co Construction | 12/30/22 | $640,107 |
Total Msp Llc Medical Staffing | 12/30/22 | $434,887 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,390,363 |
| Government grants | $244,668 |
| All other contributions, gifts, grants, and similar amounts not included above | $66,549 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,701,580 |
| Total Program Service Revenue | $74,772,029 |
| Investment income | $432,005 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,052 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $77,041,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,110 |
| 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. | $312,863 |
| Compensation of current officers, directors, key employees. | $312,863 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,218,998 |
| Pension plan accruals and contributions | $760,032 |
| Other employee benefits | $3,832,064 |
| Payroll taxes | $1,185,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,783 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,404,007 |
| Advertising and promotion | $70,762 |
| Office expenses | $737,524 |
| Information technology | $283,820 |
| Royalties | $0 |
| Occupancy | $1,286,124 |
| Travel | $26,434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,040 |
| Interest | $547,582 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,996,085 |
| Insurance | $217,426 |
| All other expenses | $96,888 |
| Total functional expenses | $71,581,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,158,311 |
| Savings and temporary cash investments | $2,299,888 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,796,031 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,154,852 |
| Prepaid expenses and deferred charges | $99,635 |
| Net Land, buildings, and equipment | $17,993,660 |
| Investments—publicly traded securities | $16,794,424 |
| Investments—other securities | $0 |
| Investments—program-related | $2,309,831 |
| Intangible assets | $0 |
| Other assets | $312,069 |
| Total assets | $63,918,701 |
| Accounts payable and accrued expenses | $9,906,389 |
| Grants payable | $0 |
| Deferred revenue | $600,538 |
| Tax-exempt bond liabilities | $18,870,643 |
| 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 | $320,614 |
| Total liabilities | $29,698,184 |
| Net assets without donor restrictions | $34,220,517 |
| 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 | $63,918,701 |
Grants Awarded
Over the last fiscal year, Amery Regional Medical Center Inc has awarded $23,100 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERY REGIONAL MEDICAL CENTER FOUNDATION PURPOSE: PROGRAM SUPPORT | $18,100 |
AMERICAN CANCER SOCIETY PURPOSE: PROGRAM SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amery Regional Medical Center Inc Minneapolis, MN | $63,918,701 | $77,041,666 |
National Forest Foundation Missoula, MT | $73,816,760 | $51,563,943 |
Dubuque Racing Association Ltd Dubuque, IA | $72,291,767 | $42,364,391 |
Detroit Athletic Club Detroit, MI | $67,757,018 | $40,915,628 |
Cantigny Foundation Wheaton, IL | $450,019,790 | $50,851,823 |
University Club Of Chicago Chicago, IL | $42,801,231 | $28,974,293 |
Next Door Foundation Inc Milwaukee, WI | $19,007,168 | $25,084,788 |