Regional Health Services Foundation

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.

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)Compensation
Heather Johnson
President
$0
Aaron Hvitved
Vice President
$0
Rachel Vsetecka
Treasurer
$0
Stephanie Sovereign
Secretary
$0
Donna Thomas
Director
$0
Heidi Rice
Director
$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

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