Missouri Slope Lutheran Care Center
- Assets
- $98.2m
- Revenue
- $36.1m
- Investments
- $0.0
- Employees
- 639
- Location
- Bismarck, ND
- Founding
- 12/1986
- Data as of
- 06/2022
- EIN
- 45-0279210
Organization Overview
Missouri Slope Lutheran Care Center, operating under the name Missouri Slope, is located in Bismarck, ND. The organization was established in 1986. 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 06/2022, Missouri Slope employed 639 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Missouri Slope 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 06/2022, Missouri Slope generated $36.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $34.5m during the year ending 06/2022. While expenses have increased by 1.7% 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
LONG TERM HEALTH CARE & SERVICES DELIVERED IN A CHRISTIAN MANNER ENRICHING LIVES WITH LOVE & COMPASSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSOURI SLOPE LUTHERAN CARE CENTER INC. (CARE CENTER) PROVIDES A 55-BED NURSING CARE FACILITY FOR THE ELDERLY. THE NURSING CARE FACILITY PROVIDES QUALITY SKILLED NURSING SERVICES REGARDLESS OF INDIVIDUAL STATUS. THE CARE CENTER HAS EARNED STAR STATUS IN OSHA'S VOLUNTARY PROTECTION PROGRAM (VPP).REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE CONTINUED OPERATION AND STABILITY OF THE CORPORATION. IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS SERVED POSSESS THE ABILITY TO PAY FOR THE CARE PROVIDED. THUS, SOME CARE IS PROVIDED THROUGH THE NORTH DAKOTA MEDICAL ASSISTANCE PROGRAM.
THE CARE CENTER ALSO PROVIDES QUALITY ASSISTED LIVING SERVICE FOR A 64-UNIT APARTMENT COMPLEX, DESIGNED FOR INDIVIDUALS IN NEED OF ASSISTANCE WITH ACTIVITIES OF DAILY LIFE.
THE MISSOURI SLOPE NORTH CAMPUS SNF, LLC (SNF, LLC) PROVIDES A 192-BED NURSING CARE FACILITY FOR THE ELDERLY. THE NURSING CARE FACILITY PROVIDES QUALITY SKILLED NURSING SERVICES REGARDLESS OF INDIVIDUAL STATUS. THE CARE CENTER HAS EARNED STAR STATUS IN OSHA'S VOLUNTARY PROTECTION PROGRAM (VPP).REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE CONTINUED OPERATION AND STABILITY OF THE CORPORATION. IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS SERVED POSSESS THE ABILITY TO PAY FOR THE CARE PROVIDED. THUS, SOME CARE IS PROVIDED THROUGH THE NORTH DAKOTA MEDICAL ASSISTANCE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reier Thompson President/ceo | Officer | 40 | $226,586 |
Jeffery Wanek Vice President/cfo (jul-Mar) | Officer | 40 | $160,915 |
Leann Hokanson Vice President Of Resident Services | 40 | $116,533 | |
Denae Fergel 1st Floor Unit Director | 40 | $111,613 | |
Benjamin Crawford Information Technology Director | 40 | $107,014 | |
Nita Sherwin Registered Nurse | 40 | $103,279 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Infinity Rehab Rehabilitation Therapy Services | 6/29/21 | $904,712 |
Eide Bailly Llp Auditing, Assurance, Consulting, & Tax | 6/29/21 | $164,004 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $52,076 |
| Government grants | $4,802,874 |
| All other contributions, gifts, grants, and similar amounts not included above | $702,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,557,535 |
| Total Program Service Revenue | $26,184,576 |
| Investment income | $5,710 |
| Tax Exempt Bond Proceeds | $1,324 |
| Royalties | $0 |
| Net Rental Income | $4,056 |
| Net Gain/Loss on Asset Sales | -$2,836 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,127,311 |
| 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. | $528,660 |
| Compensation of current officers, directors, key employees. | $515,832 |
| Compensation to disqualified persons | $91,231 |
| Other salaries and wages | $14,969,589 |
| Pension plan accruals and contributions | $315,746 |
| Other employee benefits | $1,739,098 |
| Payroll taxes | $1,129,373 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,347 |
| Fees for services: Accounting | $84,133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,874,163 |
| Advertising and promotion | $146,186 |
| Office expenses | $1,515,941 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,313,767 |
| Travel | $23,012 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,479 |
| Interest | $2,910,870 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,887,943 |
| Insurance | $287,449 |
| All other expenses | $38,281 |
| Total functional expenses | $34,454,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,655,957 |
| Pledges and grants receivable | $595,102 |
| Accounts receivable, net | $9,346,533 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $454,108 |
| Prepaid expenses and deferred charges | $361,669 |
| Net Land, buildings, and equipment | $74,005,477 |
| Investments—publicly traded securities | $8,007,867 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $740,000 |
| Total assets | $98,166,713 |
| Accounts payable and accrued expenses | $3,802,159 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $82,764,781 |
| Escrow or custodial account liability | $40,545 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $49,495 |
| Unsecured mortgages and notes payable | $1,830,000 |
| Other liabilities | $0 |
| Total liabilities | $88,486,980 |
| Net assets without donor restrictions | $8,979,613 |
| Net assets with donor restrictions | $700,120 |
| 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 | $98,166,713 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Missouri Slope Lutheran Care Center has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Jim Thompson Foundation Dallas, TX PURPOSE: HEALTHCARE | $12,500 |
Endowment Analysis
| Beg. Balance | $198,161 |
| Net Contributions | $10,750 |
| Ending Balance | $208,911 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sisters Of Mary Of The Presentation Long Term Care Fargo, ND | $74,641,519 | $63,350,384 |
Senior Care Communities Inc St Paul, MN | $79,379,682 | $62,727,719 |
Knute Nelson Alexandria, MN | $65,707,296 | $38,034,818 |
Foundation For Health Care Continuums Sartell, MN | $70,652,957 | $36,760,475 |
Missouri Slope Lutheran Care Center Bismarck, ND | $98,166,713 | $36,127,311 |
Elim Homes Inc Edina, MN | $49,132,741 | $36,791,332 |
Benedictine Living Communities Inc Minneapolis, MN | $22,523,153 | $33,504,114 |
Valley Homes And Services Grand Forks, ND | $24,112,129 | $31,398,381 |
American Lutheran Homes Inc Fargo, ND | $43,343,032 | $34,765,772 |
Walker Methodist Minnetonka, MN | $71,311,636 | $29,368,798 |
Lyngblosten Care Center Inc St Paul, MN | $25,120,297 | $27,402,531 |
Ebenezer Society Edina, MN | $59,031,436 | $25,607,593 |