Community Memorial Healthcenter Association
- Assets
- $10.5m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 115
- Location
- Hartley, IA
- Founding
- 04/1962
- Data as of
- 12/2023
- EIN
- 42-0845331
Organization Overview
Community Memorial Healthcenter Association is located in Hartley, IA. The organization was established in 1962. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2023, Community Memorial Healthcenter Association employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Memorial Healthcenter Association 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 12/2023, Community Memorial Healthcenter Association generated $5.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $7.1m during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 5 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
HEALTH CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
QUALITY HEALTH CARE SERVICES WERE PROVIDED TO THE RESIDENTS OF THE HARTLEY, IA COMMUNITY THROUGH THE OPERATION OF A 68 BED NURSING HOME AND 16 ROOM ASSISTED LIVING FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Paulsen President | OfficerTrustee | 5 | $0 |
Curt Stoltz Vice Preside | OfficerTrustee | 5 | $0 |
Joyce Tewes Secretary | OfficerTrustee | 5 | $0 |
Mark Riedemann Treasurer | OfficerTrustee | 5 | $0 |
Kristy Mills Director | Trustee | 5 | $0 |
Jill Vander Veen Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,955 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,255 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,210 |
| Total Program Service Revenue | $5,599,064 |
| Investment income | $137,162 |
| 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 | $5,764,436 |
| 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 | $4,500,774 |
| Pension plan accruals and contributions | $84,136 |
| Other employee benefits | $345,177 |
| Payroll taxes | $284,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,772 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,000 |
| Office expenses | $58,833 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $172,913 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $216,974 |
| Insurance | $141,420 |
| All other expenses | $0 |
| Total functional expenses | $7,108,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $534,227 |
| Savings and temporary cash investments | $925,211 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $693,802 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,344 |
| Prepaid expenses and deferred charges | $79,288 |
| Net Land, buildings, and equipment | $3,044,711 |
| Investments—publicly traded securities | $150,776 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,089,581 |
| Total assets | $10,540,940 |
| Accounts payable and accrued expenses | $621,233 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $621,233 |
| Net assets without donor restrictions | $4,830,589 |
| Net assets with donor restrictions | $5,089,118 |
| 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 | $10,540,940 |