Martin Health Center Inc
- Assets
- $20.3m
- Revenue
- $17.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Falls, IA
- Founding
- 01/1973
- Data as of
- 12/2022
- EIN
- 42-0680487
Organization Overview
Martin Health Center Inc is located in Cedar Falls, IA. The organization was established in 1973. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martin Health 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, Martin Health Center Inc generated $17.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $20.6m during the year ending 12/2022. While expenses have increased by 9.3% 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
SEEKS TO CREATE FULFILLING LIFESTYLES FOR SENIORS, THEIR FAMILIES AND THOSE WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERING COMPASSIONATE CARE AND SERVICES FOR SENIORS THROUGH OPERATION OF A 100 BED NURSING FACILITY, AND BY OFFERING IN-HOME COMPANION AND POST HOSPITAL CARE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Brown Board Chair | OfficerTrustee | 1 | $0 |
Ronald Gaines Vice Chair | OfficerTrustee | 1 | $0 |
Larry Fox Immediate Past Chair | OfficerTrustee | 1 | $0 |
Greg Schmitz Treasurer | OfficerTrustee | 1 | $0 |
Dr Richard Frankhauser Secretary | OfficerTrustee | 1 | $0 |
Nafissa Egbuonye Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Helping Hands Healthcare Solutions Contract Staffing | 12/30/22 | $1,622,445 |
Lotus Above & Beyond Healthcare Staffing Contract Staffing | 12/30/22 | $990,677 |
Medical Solutions Llc Contract Staffing | 12/30/22 | $317,871 |
Grapetree Medical Staffing Inc Contract Staffing | 12/30/22 | $305,885 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $17,493,984 |
| Investment income | $26 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $17,494,010 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,947,070 |
| Pension plan accruals and contributions | $123,735 |
| Other employee benefits | $800,180 |
| Payroll taxes | $592,094 |
| Fees for services: Management | $1,311,641 |
| Fees for services: Legal | $0 |
| 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 | $4,573,151 |
| Advertising and promotion | $20,427 |
| Office expenses | $0 |
| Information technology | $229,145 |
| Royalties | $0 |
| Occupancy | $531,065 |
| Travel | $64,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $829,223 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,133,319 |
| Insurance | $127,905 |
| All other expenses | $64,465 |
| Total functional expenses | $20,588,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,970 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $681,056 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $110,737 |
| Net Land, buildings, and equipment | $19,481,094 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,840 |
| Total assets | $20,295,697 |
| Accounts payable and accrued expenses | $1,162,195 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $18,122,863 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,141,905 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,129,708 |
| Total liabilities | $26,556,671 |
| Net assets without donor restrictions | -$6,260,974 |
| 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 | $20,295,697 |