Pine Medical Center
- Assets
- $36.4m
- Revenue
- $22.1m
- Investments
- $11.6m
- Employees
- 144
- Location
- Sandstone, MN
- Founding
- 06/1998
- Data as of
- 06/2021
- EIN
- 41-1884597
Organization Overview
Pine Medical Center, operating under the name Essentia Health Sandstone, is located in Sandstone, MN. The organization was established in 1998. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Essentia Health Sandstone employed 144 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Essentia Health Sandstone 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, Essentia Health Sandstone generated $22.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $20.3m during the year ending 06/2021. While expenses have increased by 1.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE CALLED TO MAKE A HEALTHY DIFFERENCE IN PEOPLE'S LIVES.
Describe the Organization's Program Activity:
PINE MEDICAL CENTER, DBA ESSENTIA HEALTH SANDSTONE, IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES. MORE SPECIFICALLY, ESSENTIA HEALTH SANDSTONE IS CREATED AND ORGANIZED TO OWN, MAINTAIN AND OPERATE, DIRECTLY OR INDIRECTLY, AND TO ASSIST AND COORDINATE THE ACTIVITIES OF, FACILITIES FOR HEALTH CARE, EDUCATION, CARE FOR THE AGED, AND SOCIAL SERVICES, INCLUDING CHARITABLE CARE TO PERSONS UNABLE TO PAY.ESSENTIA HEALTH SANDSTONE HAS A 9-BED CRITICAL ACCESS HOSPITAL SERVING CENTRAL PINE COUNTY. THE HOSPITAL OFFERS EMERGENCY CARE 24 HOURS A DAY, SEVEN DAYS A WEEK. IT IS A CERTIFIED LEVEL IV TRAUMA CENTER AND AN ACUTE STROKE READY HOSPITAL. ESSENTIA HEALTH SANDSTONE ALSO HAS A REHABILITATION THERAPY CENTER, SURGERY SUITE, AND WEEKEND URGENT CARE.ESSENTIA HEALTH SANDSTONE EMPLOYS OVER 70 FULL TIME EQUIVALENTS. THE HOSPITAL PROVIDED APPROXIMATELY 1,000 HOSPITAL PATIENT DAYS AND 18,000 OUTPATIENT VISITS DURING THE FISCAL YEAR ENDED JUNE 30, 2021.DURING THE FISCAL YEAR ENDED JUNE 30, 2021, ESSENTIA HEALTH SANDSTONE PROVIDED THE FOLLOWING COMMUNITY BENEFITS: $273,000 IN CHARITY CARE, $704,000 COSTS IN EXCESS OF MEDICAID PAYMENTS, $6,000 IN COMMUNITY SERVICES, AND $15,000 IN HEALTH PROFESSION EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hedrix Administrator Thru 4/20 | 60 | $200,035 | |
Scott Nigon Finance Senior Manager | Officer | 59 | $160,324 |
Gina Roth Pharmacy Site Supervisor | 60 | $138,083 | |
Lachelle Ludwig Nurse Manager | 60 | $119,044 | |
Heather O'brien Interim Administrator Thru 8/20 | Officer | 60 | $108,046 |
Matthew Peterson Nurse Manager | 60 | $102,349 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,243 |
| Government grants | $583,205 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,623 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $602,071 |
| Total Program Service Revenue | $20,665,096 |
| Investment income | $155,885 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $600,979 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,145,209 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,500 |
| 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. | $461,612 |
| Compensation of current officers, directors, key employees. | $131,652 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,675,376 |
| Pension plan accruals and contributions | $257,038 |
| Other employee benefits | $886,131 |
| Payroll taxes | $405,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,645 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $375 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,192 |
| Fees for services: Other | $1,239,878 |
| Advertising and promotion | $4,095 |
| Office expenses | $520,480 |
| Information technology | $49,651 |
| Royalties | $0 |
| Occupancy | $371,740 |
| Travel | $48,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,908 |
| Interest | $592,360 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,189,869 |
| Insurance | $100,548 |
| All other expenses | $2,448,493 |
| Total functional expenses | $20,258,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,228 |
| Savings and temporary cash investments | $1,609,300 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,225,171 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $147,779 |
| Inventories for sale or use | $651,314 |
| Prepaid expenses and deferred charges | $45,556 |
| Net Land, buildings, and equipment | $16,820,284 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,559,099 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,382,197 |
| Total assets | $36,442,928 |
| Accounts payable and accrued expenses | $4,463,449 |
| Grants payable | $0 |
| Deferred revenue | $687,754 |
| 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 | $17,718,460 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,696,098 |
| Total liabilities | $25,565,761 |
| Net assets without donor restrictions | $11,212,750 |
| Net assets with donor restrictions | -$335,583 |
| 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 | $36,442,928 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pine Medical Center has recieved totaling $15,731.
| Awarding Organization | Amount |
|---|---|
Minnesota Hospital Association St Paul, MN PURPOSE: SPECIAL PATHOGEN PREPAREDNESS AND RESPONSE | $15,731 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Deer River Health Care Center Inc Deer River, MN | $45,625,838 | $43,385,776 |
United Hospital District Inc Blue Earth, MN | $51,620,519 | $43,623,403 |
Centracare Health System Sauk Centre Sauk Centre, MN | $63,807,230 | $38,896,016 |
Essentia Health Moose Lake Moose Lake, MN | $67,296,296 | $51,236,732 |
Morgridge Institute For Researchinc Madison, WI | $39,159,232 | $31,260,275 |
Spooner Health System Inc Spooner, WI | $66,862,131 | $29,208,258 |
Avera Granite Falls Granite Falls, MN | $28,331,941 | $28,529,564 |
Coteau Des Prairies Hospital Sisseton, SD | $23,381,940 | $26,266,200 |
Saint Elizabeths Hospital Of Wabasha Inc Wabasha, MN | $25,174,071 | $20,545,008 |
Aspirus Merrill Hospital & Clinics Inc Wausau, WI | $8,334,832 | $19,364,514 |
Pine Medical Center Sandstone, MN | $36,442,928 | $22,145,209 |
Jackson Recovery Centers Inc Sioux City, IA | $21,242,484 | $18,185,806 |