Towner County Hospital Authority
- Assets
- $5.4m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Cando, ND
- Founding
- 05/1994
- Data as of
- 06/2022
- EIN
- 45-0423303
Organization Overview
Towner County Hospital Authority is located in Cando, ND. The organization was established in 1994. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., 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. Towner County Hospital Authority 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, Towner County Hospital Authority generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $173.9k during the year ending 06/2022. 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
FURNISHING OF HEALTH CARE FACILITIES AND EQUIPMENT TO TOWNER COUNTY MEDICAL CENTER IN FURTHERANCE OF ITS TAX EXEMPT MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOWNER COUNTY HOSPITAL AUTHORITY OWNS AN ACUTE CARE HOSPITAL AND PHYSICIAN CLINIC IN CANDO, NORTH DAKOTA. THE AUTHORITY LEASES ITS FACILITIES AND EQUIPMENT TO TOWNER COUNTY MEDICAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy Larson Director/cfo | OfficerTrustee | 5 | $0 |
Tim Hendrickson President | OfficerTrustee | 0.5 | $0 |
Jeff Miller Vice President | OfficerTrustee | 0.5 | $0 |
Deborah Odegaard Secretary | OfficerTrustee | 0.5 | $0 |
Tom Belzer Treasurer | OfficerTrustee | 0.5 | $0 |
Ben Bucher CEO | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,425 |
| Fundraising events | $0 |
| Related organizations | $2,975,417 |
| Government grants | $80,369 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,000 |
| Noncash contributions included in lines 1a–1f | $200,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,357,211 |
| Total Program Service Revenue | $195,600 |
| Investment income | $1,091 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,108 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,599,010 |
| 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. | $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 | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $148 |
| 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 | $58,038 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,248 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $173,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $963,434 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131 |
| 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 | $4,224,819 |
| Investments—publicly traded securities | $175,892 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,364,276 |
| Accounts payable and accrued expenses | $1,271 |
| 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 | $1,158,801 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $148,800 |
| Total liabilities | $1,308,872 |
| Net assets without donor restrictions | $3,955,404 |
| Net assets with donor restrictions | $100,000 |
| 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 | $5,364,276 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Critical Access Group Duluth, MN | $0 | $1,435,391 |
D&t Facility Management Company St Paul, MN | $0 | $9,375,360 |
Big Sky Care Connect Helena, MT | $6,904,453 | $12,066,053 |
Nuway Alliance Minneapolis, MN | $20,306,360 | $15,942,429 |
Bullhook Qalicb Inc Havre, MT | $0 | $7,136,046 |
Mbp Facility Llc Minneapolis, MN | $33,492,901 | $0 |
Yellowstone Health Partnership Billings, MT | $26,859,106 | $2,464,131 |
Simulation In Motion Montana Inc Helena, MT | $240,746 | $621,657 |
Wilderness Health Two Harbors, MN | $1,715,347 | $1,435,030 |
Ronald Mcdonald House Charities Of Western Montana Missoula, MT | $4,233,572 | $700,953 |
Twin City Christian Homes Inc Richfield, MN | $3,874,216 | $436,963 |
Minnesota Medication Repository Program Minneapolis, MN | $133,550 | $565,566 |