Altru Health System
- Assets
- $1.2b
- Revenue
- $672.6m
- Investments
- $91.3m
- Employees
- 5,351
- Location
- Grand Forks, ND
- Founding
- 03/1971
- Data as of
- 12/2023
- EIN
- 45-0310462
Organization Overview
Altru Health System, operating under the name Altru Hospital, is located in Grand Forks, ND. The organization was established in 1971. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2023, Altru Hospital employed 5,351 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Altru Hospital 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, Altru Hospital generated $672.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $641.5m during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 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.
Since 2014, Altru Hospital has awarded 141 individual grants totaling $10,021,685. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HEALTHCARE DELIVERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SURGICAL SERVICES - ALTRU OFFERS OUR PATIENTS SOME OF THE MOST ADVANCED, MINIMALLY INVASIVE SURGICAL SYSTEMS, SKILLFULLY OPERATED BY OUR EXPERT SURGEONS. ALTRU'S TEAM IS HIGHLY SPECIALIZED TO MANAGE ALL LEVELS OF SURGICAL NEEDS.
OTHER PROGRAM SERVICES INCLUDE OTHER PATIENT CARE PROGRAMS.
CANCER SERVICES - ALTRU CANCER CENTER PROVIDES DIAGNOSIS, TREATMENT AND OTHER SERVICES FOR THE FULL SPECTRUM OF CANCER TYPES. ALTRU HEALTH SYSTEM IS ACCREDITED BY THE AMERICAN COLLEGE OF SURGEONS' COMMISSION ON CANCER AND RECOGNIZED AS ONE OF THE BEST CANCER HOSPITALS IN THE COUNTRY.
HEART & VASCULAR SERVICES - ALTRU OFFERS A TEAM OF MORE THAN 20 PROVIDERS ACROSS 5 SPECIALTIES AIMED AT COMPREHENSIVE HEART AND VASCULAR CARE. ALTRU IS CONSISTENTLY RANKED AS ONE OF THE BEST HOSPITALS FOR HEART FAILURE CARE BY U.S. NEWS & WORLD REPORT WHICH RECOGNIZES HOSPITALS THAT EXCEL IN TREATING THE MOST CHALLENGING PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Okeson Board Member (through May 2023) | Trustee | 1 | $0 |
Eric Halverson Vice Chair | OfficerTrustee | 1 | $0 |
Joshua Deere Board Member/president | OfficerTrustee | 40 | $705,201 |
William Mckinnon MD Board Member/physician | Trustee | 40 | $284,285 |
Andrew Sorbo Board Member | Trustee | 1 | $0 |
Russel Crary Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pclcommunity Services | 12/30/23 | $162,543,603 |
Weatherby Locums Inc Services | 12/30/23 | $5,494,575 |
Medefis Consolidated Services | 12/30/23 | $12,357,848 |
Comphealth Services | 12/30/23 | $3,694,615 |
Sodexo Inc And Affiliates Services | 12/30/23 | $3,305,971 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,821,133 |
| Government grants | $2,743,632 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,564,765 |
| Total Program Service Revenue | $661,117,768 |
| Investment income | $6,719,524 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$49,418 |
| Net Gain/Loss on Asset Sales | $216,222 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $672,595,518 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $415,474 |
| 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. | $14,110,545 |
| Compensation of current officers, directors, key employees. | $8,649,555 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $278,217,077 |
| Pension plan accruals and contributions | $16,274,863 |
| Other employee benefits | $25,874,315 |
| Payroll taxes | $17,633,065 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $235,728 |
| Fees for services: Investment Management | $1,251,564 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $561,819 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,782,238 |
| Travel | $2,407,391 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,440,358 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,683,024 |
| Insurance | $2,857,060 |
| All other expenses | $4,925,051 |
| Total functional expenses | $641,549,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,839,060 |
| Savings and temporary cash investments | $58,345,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $108,901,146 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $436,948 |
| Inventories for sale or use | $12,071,647 |
| Prepaid expenses and deferred charges | $4,790,352 |
| Net Land, buildings, and equipment | $498,324,657 |
| Investments—publicly traded securities | $367,752,950 |
| Investments—other securities | $91,341,088 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,676,184 |
| Total assets | $1,207,479,907 |
| Accounts payable and accrued expenses | $90,843,071 |
| Grants payable | $0 |
| Deferred revenue | $1,631,917 |
| 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 | $672,358,790 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,461,389 |
| Total liabilities | $804,295,167 |
| Net assets without donor restrictions | $403,184,740 |
| Net assets with donor restrictions | $0 |
| 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 | $1,207,479,907 |
Grants Awarded
Over the last fiscal year, Altru Health System has awarded $374,618 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF GRAND FORKS PURPOSE: SOCIAL DETOX FACILITY AND COMMUNITY SHARPS PROGRAM | $91,798 |
GRAND FORKS PUBLIC SCHOOLS PURPOSE: MAINTENANCE AND REPAIR OF CUSHMAN TRACK AND FIELD | $75,000 |
GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION PURPOSE: GENERAL SUPPORT | $30,000 |
CHAMBER OF GRAND FORKS EAST GRAND FORKS PURPOSE: GENERAL SUPPORT | $17,949 |
ALTRU HEALTH FOUNDATION PURPOSE: SAFE KIDS GRANT | $79,479 |
UND FOUNDATION PURPOSE: GENERAL SUPPORT | $15,000 |