Three Rivers Health System Inc
- Assets
- $44.9m
- Revenue
- $77.8m
- Investments
- $0.0
- Employees
- 590
- Location
- Three Rivers, MI
- Founding
- 12/2012
- Data as of
- 12/2021
- EIN
- 45-1257972
Organization Overview
Three Rivers Health System Inc, operating under the name Three Rivers Health, is located in Three Rivers, MI. The organization was established in 2012. 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 12/2021, Three Rivers Health employed 590 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Three Rivers Health 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, Three Rivers Health generated $77.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $73.5m during the year ending 12/2021. While expenses have increased by 3.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, ONCOLOGY SERVICES DIPPED TO 2,275 FROM 3,000, PARTLY DUE TO COVID AND THE CHANGES IN PROVIDERS OVER THE COURSE OF THE YEAR. THE RELATIONSHIP BETWEEN ASCENSION BORGESS CANCER CENTER CONTINUED THROUGH THE YEAR. THE COVERAGE CONTINUED AT THREE DAYS PER WEEK AUGMENTED BY ADVANCED PRACTICE PROVIDERS. THE COMMUNITY CONTINUES TO RELY ON LOCAL ONCOLOGY CARE, AS THIS IS A NECESSARY SERVICE LINE IN THE COUNTY. WOUND CARE CONTINUED TO BE A SERVICE OFFERED IN THE COMMUNITY AS WELL, PROVIDING HBO THERAPY CLOSE TO HOME AND WOUND DEBRIDEMENT. SOME OF THESE PATIENTS RECEIVED WOUND CARE THREE TIMES PER WEEK, WHICH WOULD BE DIFFICULT AS MANY DO NOT HAVE THE FINANCIAL RESOURCES AVAILABLE OR ABILITY TO TRAVEL. THREE RIVERS HEALTH OFFERS INPATIENT DETOXIFICATION TREATMENT WHICH INCURS THREE-TO-FIVE-DAY LENGTH OF STAYS WITH MEDICAL STABILIZATION DURING THE WITHDRAWAL PHASE, OUTPATIENT SERVICES ARE ARRANGED FOR CONTINUED SUCCESS WITH THE PROGRAM. THIS SERVICE LINE DOES NOT PRODUCE A MARGIN FOR THE FACILITY BUT IS RECOGNIZED AS A COMMUNITY NEED. OUTPATIENT INFUSION SERVICES WERE ALSO RENDERED DURING 2021 THROUGH THE MANAGEMENT OF A CONTRACT SERVICE PARTNERSHIP WHILE CARE WAS DELIVERED ONSITE AT THE FACILITY WITH HOSPITAL STAFF. THESE SERVICES MAY NOT PROVIDE STRONG REVENUES, IF ANY, BUT WITHOUT THEM THE COMMUNITY WOULD SUFFER GREATLY. THE GOAL OF KEEPING HIGH QUALITY CARE CLOSE TO HOME AND AT REASONABLE COST IS MEETING THE NEEDS OF THE COMMUNITIES WE SERVE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Shannon President | Officer | 40 | $848,741 |
Steve Andrews CFO | Officer | 40 | $769,588 |
Hope Bailey VP Nursing | Officer | 40 | $288,363 |
Lynette Burkett Audiologist | 40 | $155,109 | |
Katerine Gaj Manager Oppt | 40 | $141,700 | |
David Parks Director It | 40 | $139,072 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Comphealth Medical Staffing Nursing Temporary Staffing | 12/30/21 | $627,788 |
West Michigan Ent Physician Services | 12/30/21 | $940,033 |
Raghuram Elluru Md Physician Services | 12/30/21 | $406,435 |
Amercian Physcian Partners Emergency Room Physicians | 12/30/21 | $978,701 |
Kalamazoo Foot & Ankle Physician Services | 12/30/21 | $546,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,177,241 |
| All other contributions, gifts, grants, and similar amounts not included above | $247,366 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,424,607 |
| Total Program Service Revenue | $70,102,988 |
| Investment income | $33,619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $100,222 |
| Net Gain/Loss on Asset Sales | $1,310 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $77,773,698 |
| 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. | $2,067,473 |
| Compensation of current officers, directors, key employees. | $222,256 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,478,886 |
| Pension plan accruals and contributions | $543,422 |
| Other employee benefits | $4,477,541 |
| Payroll taxes | $1,565,001 |
| Fees for services: Management | $562,163 |
| Fees for services: Legal | $214,740 |
| Fees for services: Accounting | $144,149 |
| Fees for services: Lobbying | $2,431 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,357 |
| Fees for services: Other | $12,656,092 |
| Advertising and promotion | $161,150 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $847,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $269,538 |
| Conferences, conventions, and meetings | $0 |
| Interest | $228,493 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,973,064 |
| Insurance | $630,086 |
| All other expenses | $0 |
| Total functional expenses | $73,483,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,813,463 |
| Savings and temporary cash investments | $15,445,146 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,906,469 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $871,809 |
| Prepaid expenses and deferred charges | $1,126,035 |
| Net Land, buildings, and equipment | $16,615,867 |
| Investments—publicly traded securities | $130,861 |
| Investments—other securities | $0 |
| Investments—program-related | $11,894 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $44,921,544 |
| Accounts payable and accrued expenses | $5,237,875 |
| Grants payable | $3,676,696 |
| 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 | $4,051,368 |
| Unsecured mortgages and notes payable | $5,305,387 |
| Other liabilities | $0 |
| Total liabilities | $18,271,326 |
| Net assets without donor restrictions | $26,650,218 |
| 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 | $44,921,544 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Three Rivers Health System Inc has recieved totaling $6,757.
| Awarding Organization | Amount |
|---|---|
Michigan Health And Hospital Association Okemos, MI PURPOSE: GRANT PASS THROUGH FOR COVID-19 | $6,757 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton - Kings Daughters Health Inc Madison, IN | $327,672,291 | $141,257,726 |
Wood County Hospital Assn Bowling Green, OH | $236,887,243 | $125,669,234 |
Margaret Mary Community Hospital Inc Batesville, IN | $200,618,179 | $130,077,852 |
Mymichigan Medical Center Sault Sault Ste Marie, MI | $104,046,577 | $126,853,788 |
Shelby County Memorial Hospital Association Inc Sidney, OH | $171,819,264 | $129,965,258 |
St Nicholas Hospital Of The Hospita Sisters Of The Third Order Of St F Sheboygan, WI | $160,864,409 | $138,043,178 |
Beaver Dam Community Hospitals Inc Beaver Dam, WI | $193,989,750 | $109,285,462 |
Emma L Bixby Medical Center Toledo, OH | $214,732,301 | $139,202,852 |
Prohealth Oconomowoc Memorial Hospital Inc Oconomowoc, WI | $128,184,799 | $110,175,380 |
Southeastern Ohio Regional Medical Center Inc Cambridge, OH | $103,375,834 | $115,994,733 |
Munson Healthcare Otsego Memorial Hospital Gaylord, MI | $125,430,745 | $117,986,208 |
The Union Hospital Association Independence, OH | $196,450,752 | $107,783,506 |