Huron Regional Medical Center Inc
- Assets
- $113.7m
- Revenue
- $56.7m
- Investments
- $56.3m
- Employees
- 469
- Location
- Huron, SD
- Founding
- 03/1978
- Data as of
- 06/2022
- EIN
- 46-0345312
Organization Overview
Huron Regional Medical Center Inc is located in Huron, SD. The organization was established in 1978. 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, Huron Regional Medical Center Inc employed 469 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huron Regional 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, Huron Regional Medical Center Inc generated $56.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $50.1m during the year ending 06/2022. While expenses have increased by 7.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HURON REGIONAL MEDICAL CENTER IS TO WORK TOGETHER WITH EACH INDIVIDUAL AND ORGANIZATION IN THE REGION TO PROMOTE AND IMPROVE COMMUNITY HEALTH.
Describe the Organization's Program Activity:
PROVIDED MEDICAL SERVICES AS FOLLOWS: INPATIENT ADMISSIONS 947 OUTPATIENT VISITS 88,789 SWING BED ADMISSIONS 72 HURON REGIONAL MEDICAL CENTER, INC. PROVIDED COMMUNITY BENEFIT IN THE AMOUNT OF 13,297,988 FOR 2021-2022 10,902,069 FOR 2020-2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Christopher Bronson Highest Comp | 40 | $394,738 | |
Shawn Bartel Hce | 40 | $299,461 | |
Dr Elyse Brock Md | 40 | $298,398 | |
Dr Alese Fox Director/hce | Trustee | 40 | $297,104 |
Sara Castellanos Director/hce | Trustee | 40 | $289,219 |
Dr Todd Anderson Md | 40 | $265,399 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Focus One Solutions Llc Medical Service | 6/29/22 | $2,097,802 |
Quorum Health Resources Llc Hospital Mgmt | 6/29/22 | $1,238,978 |
Dr Richard Ellison Medical Service | 6/29/22 | $360,113 |
Weatherby Locums Inc Medical Service | 6/29/22 | $1,114,420 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $700,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,228,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,928,925 |
| Total Program Service Revenue | $47,909,983 |
| Investment income | $2,398,567 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$91,131 |
| Net Gain/Loss on Asset Sales | $3,219,262 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,741,082 |
| 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 | $21,828,758 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,054,523 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $3,048,448 |
| Insurance | $392,639 |
| All other expenses | $2,328,669 |
| Total functional expenses | $50,070,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,349,094 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,142,324 |
| Loans from Officers, Directors, or Controlling Persons | $37,500 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $689,863 |
| Inventories for sale or use | $1,039,009 |
| Prepaid expenses and deferred charges | $824,461 |
| Net Land, buildings, and equipment | $33,632,325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $56,290,777 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,711,597 |
| Total assets | $113,716,950 |
| Accounts payable and accrued expenses | $8,697,172 |
| Grants payable | $0 |
| Deferred revenue | $1,395,999 |
| 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 | $325,007 |
| Other liabilities | $0 |
| Total liabilities | $10,418,178 |
| Net assets without donor restrictions | $103,298,772 |
| 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 | $113,716,950 |