Regional Health Services Foundation
- Assets
- $1.2m
- Revenue
- $540.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Cresco, IA
- Founding
- 06/1993
- Data as of
- 06/2023
- EIN
- 42-1402097
Organization Overview
Regional Health Services Foundation is located in Cresco, IA. The organization was established in 1993. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Health Services Foundation 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 06/2023, Regional Health Services Foundation generated $540.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $425.6k during the year ending 06/2023. While expenses have increased by 7.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO PROVIDE CONTINUING SUPPORT FOR THE REGIONAL HEALTH SERVICES HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF REGIONAL HEALTH SERVICES FOUNDATION IS TO COLLECT AND RECEIVE GIFTS OF MONEY OR PROPERTY FOR THE BENEFIT OF REGIONAL HEALTH HOSPITAL SERVICES IN CRESCO, IOWA, AND THE PATIENTS THEY SERVE. GIFTS OF THE FOUNDATION HELP SUPPORT PATIENT CARE AT REGIONAL HEALTH SERVICES IN MANY WAYS, INCLUDING NEW CONSTRUCTION AND REMODELING OF THE HOSPITAL, THE PURCHASE OF NEW EQUIPMENT, NEW HEALTH CARE PROGRAMS AND EXPANDED SERVICES TO THOSE IN NEED. WITH CONTINUOUS CHANGES IN RURAL HEALTHCARE REIMBURSEMENT, IT IS NECESSARY FOR THE HOSPITALS TO SEEK PRIVATE FUNDS TO ENHANCE THESE SERVICES. HEALTHCARE EXPERIENCES NEW AND EXCITING DEVELOPMENTS IN TECHNOLOGY AND PATIENT CARE EVERY DAY. IMPROVING AND EXPANDING THE SERVICES THAT ARE OFFERED AT REGIONAL HEALTH SERVICES OF HOWARD COUNTY ARE ONGOING TO MEET THE NEEDS OF THE PATIENTS WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Johnson President | OfficerTrustee | 0.3 | $0 |
Aaron Hvitved Vice President | OfficerTrustee | 0.3 | $0 |
Rachel Vsetecka Treasurer | OfficerTrustee | 0.3 | $0 |
Stephanie Sovereign Secretary | OfficerTrustee | 0.3 | $0 |
Donna Thomas Director | Trustee | 0.3 | $0 |
Heidi Rice Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,425 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $503,761 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $505,186 |
| Total Program Service Revenue | $0 |
| Investment income | $14,157 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,335 |
| Net Income from Fundraising Events | $18,943 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $540,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $399,723 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $665 |
| Fees for services: Other | $132 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $425,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,618 |
| Savings and temporary cash investments | $781,856 |
| Pledges and grants receivable | $199,046 |
| Accounts receivable, net | $9,940 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78,321 |
| Total assets | $1,184,781 |
| Accounts payable and accrued expenses | $295,868 |
| 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 | $295,868 |
| Net assets without donor restrictions | $116,240 |
| Net assets with donor restrictions | $772,673 |
| 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 | $1,184,781 |