T H Reiarson Trust Stanley Community Hospital Association
- Assets
- $4.2m
- Revenue
- $913.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Stanley, ND
- Founding
- 09/1981
- Data as of
- 12/2022
- 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 12/2022, T H Reiarson Trust Stanley Community Hospital Association generated $913.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $905.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 8 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 13 individual grants totaling $4,479,148. 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
2022
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 $595,098
MOUNTRAIL COUNTY MEDICAL CENTER - EQUIPMENT $309,984
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Hollekim Director | Trustee | 0 | $0 |
Heath Hetzel Director | Trustee | 0 | $0 |
Jim Enge Director | Trustee | 0 | $0 |
Aaron Skarsgard President | Officer | 0 | $0 |
Derald Hoover Vice President | Officer | 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 | $38,207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $897,515 |
| Net Rental Income | $39,710 |
| Net Gain/Loss on Asset Sales | -$62,025 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $913,407 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $896,917 |
| 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 | $2,648 |
| 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 | $75 |
| 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 | $905,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,817,187 |
| 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 | $276,570 |
| Investments—publicly traded securities | $1,071,116 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,072 |
| Total assets | $4,173,945 |
| 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 | $3,704,744 |
| Total liabilities and net assets/fund balances | $4,173,945 |
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 |
|---|---|
MOUNTRAIL COUNTY MEDICAL CENT PURPOSE: CLINIC REMODEL | $132,495 |
MOUNTRAIL COUNTY MEDICAL CENT PURPOSE: SOFTWARE & COMUTER EXPENSES | $365,859 |