T H Reiarson Trust Stanley Community Hospital Association
- Assets
- $4.2m
- Revenue
- $650.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Stanley, ND
- Founding
- 09/1981
- Data as of
- 12/2021
- EIN
- 45-0361647
Organization Overview
T H Reiarson Trust Stanley Community Hospital Association is located in Stanley, ND. The organization was established in 1981. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. T H Reiarson Trust Stanley Community Hospital Association 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 12/2021, T H Reiarson Trust Stanley Community Hospital Association generated $650.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.1%) each year. All expenses for the organization totaled $316.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, T H Reiarson Trust Stanley Community Hospital Association has awarded 11 individual grants totaling $4,393,964. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT STANLEY COMMUNITY HOSPITAL WITH CAPITAL FOR EQUIPMENT AND FIXED ASSETS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOUNTRAIL COUNTY MEDICAL CENTER - SOFTWARE/EQUIPMENT MAINTENANCE FEES $306,614
MOUNTRAIL COUNTY MEDICAL CENTER - EQUIPMENT $6,409
MOUNTRAIL COUNTY MEDICAL CENTER - CLINIC REMODEL/REPAIR $3,654
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Skarsgard Vice President | Officer | 0 | $0 |
Douglas Kinnoin President | Officer | 0 | $0 |
Derald Hoover Director | Trustee | 0 | $0 |
Sheryl Sorenson Director | Trustee | 0 | $0 |
Jim Enge Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $48,399 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $562,883 |
| Net Rental Income | $39,369 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $650,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $308,183 |
| 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 | $3,052 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| 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 | $5,442 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $316,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,768,633 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $282,012 |
| Investments—publicly traded securities | $1,105,645 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,330 |
| Total assets | $4,165,620 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $469,201 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,696,419 |
| Total liabilities and net assets/fund balances | $4,165,620 |
Grants Awarded
Over the last fiscal year, T H Reiarson Trust Stanley Community Hospital Association has awarded $498,354 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Stanley, ND PURPOSE: SOFTWARE & COMUTER EXPENSES | $365,859 |
Stanley, ND PURPOSE: CLINIC REMODEL | $132,495 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that T H Reiarson Trust Stanley Community Hospital Association has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: GENERAL SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Teamsters Local 346 Health Fund Trust Bloomington, MN | $55,790,921 | $66,782,892 |
Healthpartners Institute Minneapolis, MN | $92,324,263 | $47,741,048 |
Montana Contractors Association Health Care Trust Billings, MT | $43,826,014 | $40,627,147 |
Pioneer Healthcare Tr Fargo, ND | $21,487,108 | $28,269,563 |
Roofers Local 96 Health & Welfare Fund Bloomington, MN | $17,573,620 | $18,996,626 |
Northern Minnesota-Wisconsin Area Retail Food Health & Welfare Fund Duluth, MN | $9,554,218 | $16,178,140 |
Twin Cities Bakery Workers Health And Welfare Fund Saint Paul, MN | $3,154,286 | $12,238,958 |
St Patrick Hospital Foundation Missoula, MT | $38,164,577 | $6,581,612 |
Christian Labor Association Health & Welfare Fund Brainerd, MN | $7,219,504 | $10,978,748 |
Heat And Frost Insulators Local 34 Health & Welfare Plan Bloomington, MN | $9,257,312 | $10,665,507 |
Fairview Foundation Minneapolis, MN | $21,453,874 | $804,082 |
Delta Dental Of Minnesota Trust Minneapolis, MN | $161,726,707 | $13,740,122 |