Towner County Medical Center Inc
- Assets
- $11.1m
- Revenue
- $15.6m
- Investments
- $0.0
- Employees
- 149
- Location
- Cando, ND
- Founding
- 05/1994
- Data as of
- 06/2022
- EIN
- 45-0425948
Organization Overview
Towner County Medical Center Inc is located in Cando, ND. The organization was established in 1994. 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 06/2022, Towner County Medical Center Inc employed 149 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Towner County Medical Center Inc 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 Medical Center Inc generated $15.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $15.3m during the year ending 06/2022. While expenses have increased by 6.5% 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
TO ACQUIRE, MAINTAIN AND FURTHER DEVELOP HOSPITAL, CLINICAL, LONG TERM CARE, AND OTHER SERVICES IN CANDO AND THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
I. INTRODUCTIONTOWNER COUNTY MEDICAL CENTER WAS ACQUIRED FROM THE SISTERS OF ST. FRANCIS, A CATHOLIC RELIGIOUS ORDER, IN 1992. THE COMMUNITY OF CANDO WANTED TO ENSURE ITSELF THAT THERE WOULD CONTINUE TO BE HEALTH CARE SERVICES AVAILABLE TO NOT ONLY THE RESIDENTS OF CANDO, BUT TO THE AREAS SURROUNDING THE COMMUNITY AS WELL.SERVICE TO THE COMMUNITY AND THE SURROUNDING AREA IS A HALLMARK OF HOW WE ARE HERE. THE MEDICAL CENTER PROVIDES DIAGNOSTIC AND THERAPEUTIC TREATMENT TO ALL, REGARDLESS OF RACE, SEX, RELIGION, FINANCIAL ABILITY TO PAY, OR ANY OTHER AREA THAT COULD BE DEEMED TO BE DISCRIMINATORY. IN ADDITION TO THE CORE MEDICAL SERVICES, WE ARE CONTINUALLY REACHING OUT TO SURROUNDING COMMUNITIES ASSISTING THEM IN PROMOTING A HEALTHIER COMMUNITY AS WELL.II. UNCOMPENSATED CARETOWNER COUNTY MEDICAL CENTER PROVIDES UNCOMPENSATED CARE TO THOSE IN NEED OF SERVICES, WHO EITHER HAVE LIMITED RESOURCES OR WHO MAY HAVE FALLEN ON HARD TIMES AND ARE IN NEED OF RELIEF IN ORDER TO GET BACK ON THEIR FEET. THE AMOUNT OF TRADITIONAL UNCOMPENSATED CARE FOR THE YEAR ENDED JUNE 30, 2022 WAS $220,988, WHICH INCLUDES CHARITY CARE AND IMPLICIT PRICE CONCESSIONS. IN MANY CASES, WE BELIEVE THAT THE BAD DEBT IS IN FACT CHARITY CARE, BUT INDIVIDUALS ARE TOO PROUD TO COME IN AND REQUEST CHARITY. NEW POLICIES AND PROCEDURES HAVE BEEN DEVELOPED IN AN EFFORT TO ALLOW US TO BETTER IDENTIFY THESE INDIVIDUALS, AND TO BE ABLE TO CLASSIFY THEM AS THEY SHOULD BE. IN ADDITION TO UNCOMPENSATED CARE, TOWNER COUNTY MEDICAL CENTER ALSO PROVIDES DISCOUNTS TO THE MEDICARE AND MEDICAID PROGRAMS. FOR THE YEAR ENDED JUNE 30, 2022 THOSE DISCOUNTS TOTALED $4,351,646.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wolsky President | OfficerTrustee | 1 | $0 |
Tom Belzer Vice President | OfficerTrustee | 1 | $0 |
Greg Westlind Secretary/treasurer | OfficerTrustee | 1 | $0 |
Randina Bjornstad Director | Trustee | 1 | $0 |
John Peters Director | Trustee | 1 | $0 |
Mike Farbo Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Resolution Rcm Revenue Cycle Management | 6/29/22 | $558,748 |
Infusion Architects Llc Architect Services | 6/29/22 | $269,040 |
Dms Health Technologies Imaging Services | 6/29/22 | $225,756 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,180 |
| Related organizations | $0 |
| Government grants | $2,978,205 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,118 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,995,503 |
| Total Program Service Revenue | $12,612,537 |
| Investment income | $412 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $130 |
| Net Gain/Loss on Asset Sales | $10,174 |
| Net Income from Fundraising Events | -$658 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,618,098 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,975,417 |
| 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. | $511,672 |
| Compensation of current officers, directors, key employees. | $486,088 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,154,844 |
| Pension plan accruals and contributions | $115,423 |
| Other employee benefits | $543,636 |
| Payroll taxes | $376,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,600 |
| Fees for services: Accounting | $50,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,329,471 |
| Advertising and promotion | $42,718 |
| Office expenses | $237,706 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $559,862 |
| Travel | $5,830 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,564 |
| Interest | $70,322 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $563,014 |
| Insurance | $104,034 |
| All other expenses | $5,707 |
| Total functional expenses | $15,286,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,146,845 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,450,094 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $148,800 |
| Inventories for sale or use | $370,673 |
| Prepaid expenses and deferred charges | $125,607 |
| Net Land, buildings, and equipment | $2,795,270 |
| Investments—publicly traded securities | $18,144 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,055,433 |
| Accounts payable and accrued expenses | $1,359,358 |
| Grants payable | $0 |
| Deferred revenue | $100,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,006 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $377,951 |
| Unsecured mortgages and notes payable | $154,427 |
| Other liabilities | $2,877,962 |
| Total liabilities | $4,874,704 |
| Net assets without donor restrictions | $6,180,729 |
| 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 | $11,055,433 |