Citizens Memorial Health Care Foundation
- Assets
- $45.2m
- Revenue
- $63.2m
- Investments
- $761.5k
- Employees
- 1,030
- Location
- Bolivar, MO
- Founding
- 07/1987
- Data as of
- 05/2022
- EIN
- 43-1425356
Organization Overview
Citizens Memorial Health Care Foundation is located in Bolivar, MO. The organization was established in 1987. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 05/2023, Citizens Memorial Health Care Foundation employed 1,030 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Citizens Memorial Health Care 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 05/2022, Citizens Memorial Health Care Foundation generated $63.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $64.4m during the year ending 05/2022. While expenses have increased by 5.2% per year over the past 7 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
THE ORGANIZATION CARES FOR EVERY GENERATION THROUGH EXCEPTIONAL SERVICES BY LEADING PHYSICIANS AND A COMPASSIONATE HEALTH TEAM. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LONG TERM CARE SERVICES TO MEDICAID RECIPIENTS (APPROXIMATELY 100,654 RESIDENT DAYS) IN SKILLED FACILITIES. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
PROVIDE MEDICATIONS AND PHARMACISTS CONSULTATIONS TO PATIENTS OF LONG TERM CARE FACILITIES AND MEMBERS OF THE COMMUNITIES WE SERVE. DISPENSED A TOTAL OF 181,212 PRESCRIPTIONS IN FY 2023.
PROVIDE HOME CHORE SERVICES TO PEOPLE LIVING AT HOME BUT UNABLE TO COMPLETELY CARE FOR THEMSELVES. THROUGH HOMEMAKER PLUS, 4,365 SERVICE UNITS WERE PROVIDED THROUGH LIGHT HOUSEKEEPING, LAUNDRY, SHOPPING AND RESPITE CARE SERVICES. DURING THE FISCAL YEAR, HOME HEALTH VISITS TOTALED 20,424 AND HOSPICE PATIENT DAYS WERE 24,636. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Fulbright Board Member | Trustee | 10 | $0 |
D Michelle Meents Board Member/physician | Trustee | 1 | $0 |
Michael Calhoun Exec Director | OfficerTrustee | 20 | $298,315 |
Beverly Derrickson Chief Operating Officer | Officer | 45 | $297,868 |
Renee Meyer Treasurer - Nonvoting | Officer | 20 | $264,675 |
Tim Francka Admin Dir-Ltc East | 45 | $184,527 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shiftkey Llc Contract Nursing | 5/30/23 | $3,235,579 |
Bridgeport Capital Funding Llc Contract Nursing | 5/30/23 | $1,196,567 |
Integrity Roofing Renovations Llc Construction Service | 5/30/23 | $1,006,025 |
Allhealth Staffing Group Llc Contract Nursing | 5/30/23 | $439,011 |
First Call Of Springfield Contract Nursing | 5/30/23 | $368,022 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,050 |
| Related organizations | $0 |
| Government grants | $4,221,476 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,379 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,312,905 |
| Total Program Service Revenue | $58,390,565 |
| Investment income | $74,990 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $470,509 |
| Net Gain/Loss on Asset Sales | $26,234 |
| Net Income from Fundraising Events | -$27,919 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,247,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $118,192 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $963,332 |
| Compensation of current officers, directors, key employees. | $963,332 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,343,893 |
| Pension plan accruals and contributions | $993,738 |
| Other employee benefits | $6,286,282 |
| Payroll taxes | $2,052,064 |
| Fees for services: Management | $1,980,852 |
| Fees for services: Legal | $16,075 |
| Fees for services: Accounting | $160,553 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,454,364 |
| Advertising and promotion | $36,523 |
| Office expenses | $3,234,963 |
| Information technology | $354,284 |
| Royalties | $0 |
| Occupancy | $3,001,543 |
| Travel | $505,940 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,490 |
| Interest | $706,864 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,259,765 |
| Insurance | $327,055 |
| All other expenses | $126,116 |
| Total functional expenses | $64,413,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,580,108 |
| Savings and temporary cash investments | $2,351,121 |
| Pledges and grants receivable | $14,359 |
| Accounts receivable, net | $6,442,732 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,134,302 |
| Prepaid expenses and deferred charges | $250,454 |
| Net Land, buildings, and equipment | $29,095,642 |
| Investments—publicly traded securities | $2,472,577 |
| Investments—other securities | $761,453 |
| Investments—program-related | $0 |
| Intangible assets | $983,286 |
| Other assets | $132,943 |
| Total assets | $45,218,977 |
| Accounts payable and accrued expenses | $7,206,964 |
| Grants payable | $0 |
| Deferred revenue | $217,646 |
| Tax-exempt bond liabilities | $4,295,000 |
| Escrow or custodial account liability | $152,602 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,998,196 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,014,198 |
| Total liabilities | $28,884,606 |
| Net assets without donor restrictions | $14,076,967 |
| Net assets with donor restrictions | $2,257,404 |
| 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 | $45,218,977 |