Avera Marshall
- Assets
- $101.6m
- Revenue
- $143.9m
- Investments
- $32.7m
- Employees
- 850
- Location
- Marshall, MN
- Founding
- 12/1981
- Data as of
- 06/2022
- EIN
- 41-0919153
Organization Overview
Avera Marshall, operating under the name Avera Marshall Regional Medical Center, is located in Marshall, MN. The organization was established in 1981. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Avera Marshall Regional Medical Center employed 850 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avera Marshall Regional Medical Center 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, Avera Marshall Regional Medical Center generated $143.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $136.3m during the year ending 06/2022. While expenses have increased by 8.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF HEALTH
Describe the Organization's Program Activity:
AVERA MARSHALL'S MISSION IS TO PROVIDE HEALTHCARE SERVICES TO MARSHALL, MINNESOTA RESIDENTS AND RESIDENTS OF THE SURROUNDING AREA. AVERA MARSHALL IS A 501(C)(3) ORGANIZATION AFFILIATED WITH AVERA HEALTH. AVERA MARSHALL CONSISTS OF A 25-BED CRITICAL ACCESS HOSPITAL AND A 76-BED NURSING HOME IN MARSHALL, MINNESOTA, SIX PHYSICIAN CLINICS AND FOUR OPTOMETRY CLINICS. THE PROGRAM SERVICES OFFERED INCLUDE PRIMARY CARE, GENERAL SURGERY, NEUROLOGY (VIA TELEMED), DERMATOLOGY, PEDIATRICS, ORTHOPEDICS, OB/GYN, UROLOGY, ONCOLOGY, PODIATRY, NEPHROLOGY, RADIOLOGY, OPTOMETRY, OPHTHALMOLOGY, LEVEL III TRAUMA CENTER, ICU, SPEECH THERAPY, PHYSICAL THERAPY AND OCCUPATIONAL THERAPY. AVERA MARSHALL PROVIDES ACUTE CARE AND LONG-TERM HEALTHCARE SERVICES. FOLLOWING IS A BREAKDOWN OF THESE STATISTICS BY FACILITY:AVERA MARSHALL HOSPITAL1,494 ACUTE PATIENT DISCHARGES401 NEWBORN PATIENT DISCHARGES10 SWING BED PATIENT DISCHARGES65,811 OUTPATIENT VISITS68 SWING-BED PATIENT DAYS590 NEWBORN PATIENT DAYS128,881 CLINIC VISITSAVERA MORNINGSIDE HEIGHTS CARE CENTER24,713 LONG-TERM RESIDENT DAYS118 LONG TERM CARE PATIENT DISCHARGESAVERA MARSHALL MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE IT PROVIDES. THESE RECORDS INCLUDE THE AMOUNT OF CHARGES FORGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY AND EQUIVALENT SERVICE STATISTICS. THE AMOUNT OF CHARGES FOREGONE, BASED ON ESTABLISHED RATES, WERE $250,967.AVERA MARSHALL ALSO PROVIDES COMMUNITY BENEFIT HEALTH ACTIVITIES AT LESS THAN OR AT NO COST TO SUPPORT THOSE IN THE AREA SERVICED, SEE SCHEDULE H. AS A MEMBER OF THE AVERA HEALTH NETWORK, AVERA MARSHALL UPHOLDS THE VISION OF THE PRESENTATION AND BENEDICTINE SISTERS TO WORK THROUGH COLLABORATION TO PROVIDE QUALITY, EFFECTIVE HEALTH MINISTRY AND TO IMPROVE THE HEALTHCARE OF INDIVIDUALS AND OUR COMMUNITIES THROUGH A REGIONALLY INTEGRATED NETWORK OF PERSONS AND INSTITUTIONS. AVERA MARSHALL ENGAGES IN ACTIVITIES DESIGNED TO IMPROVE THE HEALTH OF INDIVIDUALS AND COMMUNITIES IN RESPONSE TO A CALLING TO HEAL THE SICK, THE ELDERLY, AND THE OPPRESSED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Louwagie MD Director/ophthalmologist | Trustee | 40 | $678,209 |
Doug Olsem Chair | OfficerTrustee | 1.5 | $0 |
George Jorgensen Vice Chair | OfficerTrustee | 1.5 | $0 |
Stephen Crim Director/operational Strategy Dir. | Trustee | 1.5 | $0 |
Sr Jodie Zimmerman Director | Trustee | 1.5 | $0 |
Sr Roxanne Seifert Director | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avera Health Shared Services | 6/29/22 | $9,757,010 |
Big Stone Therapies Inc Pt, Ot, And Speech Therapy | 6/29/22 | $5,872,488 |
Carris Health Physician/shared Services | 6/29/22 | $2,360,946 |
Avera Mckennan Physicians And Anciliary | 6/29/22 | $5,656,608 |
Weatherby Locums Inc Physician Services | 6/29/22 | $1,225,076 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $34,405 |
| Government grants | $4,429,706 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,573 |
| Noncash contributions included in lines 1a–1f | $6,995 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,472,684 |
| Total Program Service Revenue | $138,944,450 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $70,165 |
| Net Gain/Loss on Asset Sales | $213,148 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,907,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,146 |
| 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. | $1,466,680 |
| Compensation of current officers, directors, key employees. | $414,577 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,227,314 |
| Pension plan accruals and contributions | $1,976,938 |
| Other employee benefits | $6,530,744 |
| Payroll taxes | $3,228,193 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $328,542 |
| Fees for services: Accounting | $2,625 |
| Fees for services: Lobbying | $767 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,560,593 |
| Advertising and promotion | $2,418 |
| Office expenses | $879,172 |
| Information technology | $1,008,843 |
| Royalties | $0 |
| Occupancy | $1,993,765 |
| Travel | $719,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $134,305 |
| Interest | $1,058,780 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,405,128 |
| Insurance | $1,229,895 |
| All other expenses | $3,345,726 |
| Total functional expenses | $136,292,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,494,914 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,637,090 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,865,240 |
| Prepaid expenses and deferred charges | $834,577 |
| Net Land, buildings, and equipment | $48,547,425 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $32,741,259 |
| Investments—program-related | $2,004,785 |
| Intangible assets | $0 |
| Other assets | $478,986 |
| Total assets | $101,604,276 |
| Accounts payable and accrued expenses | $9,539,591 |
| Grants payable | $0 |
| Deferred revenue | $149,663 |
| Tax-exempt bond liabilities | $13,313,469 |
| Escrow or custodial account liability | $16,475 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,053,063 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,338,486 |
| Total liabilities | $39,410,747 |
| Net assets without donor restrictions | $58,436,672 |
| Net assets with donor restrictions | $3,756,857 |
| 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 | $101,604,276 |