St Francis Medical Center
- Assets
- $127.4m
- Revenue
- $26.0m
- Investments
- $84.7m
- Employees
- 269
- Location
- Breckenridge, MN
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 41-0695598
Organization Overview
St Francis Medical Center, operating under the name Chi St Francis Health, is located in Breckenridge, MN. The organization was established in 1946. 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 06/2021, Chi St Francis Health employed 269 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Chi St Francis Health 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 06/2021, Chi St Francis Health generated $26.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $19.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 6 years. 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
ST. FRANCIS MEDICAL CENTER PROVIDES INPATIENT AND OUTPATIENT SERVICES, WITH A 24-HOUR EMERGENCY ROOM. THE ORGANIZATION ALSO PARTICIPATES IN MEDICARE AND MEDICAID AND HAS AN ACTIVE CHARITY CARE PROGRAM.
Describe the Organization's Program Activity:
SEE SCHEDULE H
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brennen Smith MD Orthopedist-Spine | 20 | $663,233 | |
Dr Nancy Torson Psychiatrist | 40 | $243,728 | |
James Heffele Crna | 40 | $218,131 | |
Heidi Genereux Crna | 40 | $211,172 | |
Jennifer Sheffield Physician Fam Med | 40 | $195,267 | |
Mary Jacklitch Secretary/marketing Manager | Officer | 25 | $74,237 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Health Carousel Llc Healthcare Staffing | 6/29/21 | $356,225 |
Acute Care Inc Emergency Medical Staffing | 6/29/21 | $1,503,886 |
Comstock Construction Construction | 6/29/21 | $347,961 |
Central Minnesota Diagnostic Inc Ct Scans, Ultrasound | 6/29/21 | $565,546 |
Sanford Health Occupational Medicine Occupational Medical Services | 6/29/21 | $389,468 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $251,122 |
| Government grants | $989,368 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,163 |
| Noncash contributions included in lines 1a–1f | $1,379 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,248,653 |
| Total Program Service Revenue | $18,416,865 |
| Investment income | $994,340 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,910 |
| Net Gain/Loss on Asset Sales | $5,232,222 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $121 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,046,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,192 |
| 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. | $94,509 |
| Compensation of current officers, directors, key employees. | $94,509 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,176,091 |
| Pension plan accruals and contributions | $349,815 |
| Other employee benefits | $902,505 |
| Payroll taxes | $472,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,264 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $26,376 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,845,121 |
| Advertising and promotion | $94,288 |
| Office expenses | $461,431 |
| Information technology | $897,602 |
| Royalties | $0 |
| Occupancy | $336,670 |
| Travel | $21,168 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $187,764 |
| Payments to affiliates | $880,138 |
| Depreciation, depletion, and amortization | $1,144,872 |
| Insurance | $68,813 |
| All other expenses | $169,884 |
| Total functional expenses | $19,843,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,464 |
| Savings and temporary cash investments | $2,038,213 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,909,440 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $561,695 |
| Prepaid expenses and deferred charges | $32,179 |
| Net Land, buildings, and equipment | $12,260,748 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $84,729,875 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,889,057 |
| Total assets | $127,422,671 |
| Accounts payable and accrued expenses | $4,928,968 |
| Grants payable | $0 |
| Deferred revenue | $130,810 |
| 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 | $23,635,865 |
| Total liabilities | $28,695,643 |
| Net assets without donor restrictions | $98,727,028 |
| 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 | $127,422,671 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that St Francis Medical Center has recieved totaling $251,122.
| Awarding Organization | Amount |
|---|---|
Healthcare And Wellness Foundation Breckenridge, MN PURPOSE: PROGRAM SUPPORT | $164,689 |
Commonspirit Health Englewood, CO PURPOSE: COMMUNITY HEALTH | $76,404 |
St Josephs Hospital And Health Center Dickinson, ND PURPOSE: TELEHEALTH GRANT | $8,650 |
Healthcare And Wellness Foundation Breckenridge, MN PURPOSE: COVID-19 SUPPORT | $1,379 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shenandoah Medical Center Shenandoah, IA | $66,279,280 | $53,754,700 |
St Josephs Area Health Services Park Rapids, MN | $107,908,671 | $54,027,271 |
Centracare Health System Of Melrose Melrose, MN | $87,022,550 | $45,743,382 |
Mille Lacs Health System Onamia, MN | $55,817,777 | $49,720,336 |
Stoughton Hospital Association Stoughton, WI | $89,267,867 | $58,913,821 |
The Howard Young Medical Center Inc Wausau, WI | $105,216,633 | $31,671,206 |
Stevens Community Medical Center Inc Morris, MN | $69,174,057 | $52,502,343 |
Waupun Memorial Hospital Waupun, WI | $81,200,383 | $57,190,057 |
Thedacare Medical Center-Waupaca Inc Appleton, WI | $126,150,544 | $53,171,867 |
Mckenzie County Healthcare Systems Inc Watford City, ND | $109,663,436 | $42,844,188 |
Huron Regional Medical Center Inc Huron, SD | $106,593,716 | $43,997,779 |
Ladd Memorial Hospital Osceola, WI | $46,005,640 | $41,699,342 |