Hendricks Community Hospital Assn & Retirement Home
- Assets
- $27.3m
- Revenue
- $19.2m
- Investments
- $0.0
- Employees
- 198
- Location
- Hendricks, MN
- Founding
- 09/1942
- Data as of
- 06/2023
- EIN
- 41-0307617
Organization Overview
Hendricks Community Hospital Assn & Retirement Home is located in Hendricks, MN. The organization was established in 1942. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2023, Hendricks Community Hospital Assn & Retirement Home employed 198 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hendricks Community Hospital Assn & Retirement Home 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 06/2023, Hendricks Community Hospital Assn & Retirement Home generated $19.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $16.1m during the year ending 06/2023. While expenses have increased by 2.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVISION OF HEALTHCARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
HENDRICKS COMMUNITY HOSPITAL, A 24-BED HOSPITAL, 48-BED LONG-TERM CARE FACILITY, 16-UNIT ASSISTED LIVING FACILITY, AND HOME HEALTH AGENCY PROMOTES HEALTH OF THE COMMUNITY BY PROVIDING A VARIETY OF HEALTH CARE SERVICES. THE FACILITY HAD 75 ACUTE, 49 SWING BED, 6 TRANSITIONAL BED AND 23 LONG-TERM CARE FACILITY ADMISSIONS FOR THE YEAR ENDED JUNE 30, 2023; 494 VISITS TO THE EMERGENCY ROOM; AND 109 SURGICAL CASES (INCLUDING AMBULATORY).THE HOSPITAL PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ESTABLISHED RATES. BECAUSE THE HOSPITAL DOES NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY AS CHARITY CARE, THEY ARE NOT REPORTED AS PATIENT AND RESIDENT SERVICE REVENUE. THE AMOUNT OF CHARGES FOREGONE FOR SERVICES PROVIDED UNDER THE HOSPITAL'S CHARITY CARE POLICY WERE APPROXIMATELY $35,000 FOR THE YEAR ENDED JUNE 30, 2023. THE ESTIMATED COST OF PROVIDING THESE SERVICES WAS $27,000 FOR THE YEAR ENDED JUNE 30, 2023 BASED ON AVERAGE RATIO OF COST TO GROSS CHARGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Molascon President | OfficerTrustee | 3 | $710 |
Mark Vaneck Vice President | OfficerTrustee | 2 | $0 |
Dawn Popowski Secretary | OfficerTrustee | 2 | $710 |
Vince Robinson Treasurer | OfficerTrustee | 2 | $1,110 |
Norris Patrick Director (until Aug 2022) | Trustee | 2 | $0 |
James Ness Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wapiti Medical Group Locum/er Providers | 6/29/23 | $618,731 |
Fusion Medical Staffing Llc Contracted Nursing Service | 6/29/23 | $302,637 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,000 |
| Related organizations | $0 |
| Government grants | $3,406,723 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,435,928 |
| Total Program Service Revenue | $15,639,196 |
| Investment income | $34,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,508 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,007 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $38,589 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,167,099 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,026 |
| 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. | $377,827 |
| Compensation of current officers, directors, key employees. | $377,827 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,535,175 |
| Pension plan accruals and contributions | $158,407 |
| Other employee benefits | $1,028,580 |
| Payroll taxes | $478,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $389,813 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,351,693 |
| Advertising and promotion | $20,082 |
| Office expenses | $125,489 |
| Information technology | $31,101 |
| Royalties | $0 |
| Occupancy | $422,954 |
| Travel | $64,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,519 |
| Interest | $108,275 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,094,392 |
| Insurance | $207,474 |
| All other expenses | $437,630 |
| Total functional expenses | $16,099,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,430,041 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,708,108 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $27,256 |
| Inventories for sale or use | $152,798 |
| Prepaid expenses and deferred charges | $149,155 |
| Net Land, buildings, and equipment | $9,941,193 |
| Investments—publicly traded securities | $7,748,481 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $161,386 |
| Total assets | $27,318,418 |
| Accounts payable and accrued expenses | $1,073,307 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $27,500 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,587,418 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $223,980 |
| Total liabilities | $4,912,205 |
| Net assets without donor restrictions | $22,406,213 |
| 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 | $27,318,418 |