Huron Regional Medical Center Inc
- Assets
- $106.6m
- Revenue
- $44.0m
- Investments
- $53.4m
- Employees
- 409
- Location
- Huron, SD
- Founding
- 03/1978
- Data as of
- 06/2020
- 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 06/2021, Huron Regional Medical Center Inc employed 409 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 06/2020, Huron Regional Medical Center Inc generated $44.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $41.9m during the year ending 06/2020. While expenses have increased by 5.3% per year over the past 6 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
2020
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:
Part 3 - Line 4a
PROVIDED MEDICAL SERVICES AS FOLLOWS: INPATIENT ADMISSIONS 892 OUTPATIENT VISITS 60,147 SWING BED ADMISSIONS 101 HURON REGIONAL MEDICAL CENTER, INC. PROVIDED COMMUNITY BENEFIT IN THE AMOUNT OF 10,902,069 FOR 2020-2021 11,630,595 FOR 2018-2019.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Elyse Brock Md | 40 | $451,771 | |
Sara Castellanos Director/hce | Trustee | 40 | $342,671 |
Dr Alese Fox Director/hce | Trustee | 40 | $293,400 |
Dr Todd Anderson Md | 40 | $265,705 | |
Mark Belyea Md | 40 | $247,102 | |
Jason Barnhard Crna | 40 | $205,803 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Focus One Solutions Llc Medical Service | 6/29/21 | $1,696,698 |
Wapiti Medical Group Llc Medical Service | 6/29/21 | $490,707 |
Quorum Health Resources Llc Hospital Mgmt | 6/29/21 | $1,118,714 |
Weatherby Locums Inc Medical Service | 6/29/21 | $350,047 |
Dr Richard Ellison Medical Service | 6/29/21 | $231,138 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,832,163 |
| Investment income | $2,854,658 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $128,070 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,997,779 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $18,053,267 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,180,667 |
| 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 | $2,195,529 |
| Insurance | $316,740 |
| All other expenses | $0 |
| Total functional expenses | $41,925,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,938,664 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,788,334 |
| Loans from Officers, Directors, or Controlling Persons | $10,833 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,261,197 |
| Inventories for sale or use | $799,405 |
| Prepaid expenses and deferred charges | $709,214 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $53,365,044 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,865,713 |
| Total assets | $106,593,716 |
| Accounts payable and accrued expenses | $13,322,361 |
| Grants payable | $0 |
| Deferred revenue | $2,080,737 |
| 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 | $210,000 |
| Other liabilities | $0 |
| Total liabilities | $15,613,098 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $90,980,618 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Huron Regional Medical Center Inc has recieved totaling $14,623.
| Awarding Organization | Amount |
|---|---|
South Dakota Association Of Healthcare Organizations Healthcar Sioux Falls, SD PURPOSE: COVID-19 NATIONAL BIOTERRORISM HOSPITAL PREPAREDNESS PROGRAM | $14,623 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bozeman Deaconess Health Services Bozeman, MT | $166,060,049 | $126,684,739 |
Fort Madison Community Hospital West Burlington, IA | $0 | $63,917,889 |
Avera Queen Of Peace Mitchell, SD | $173,794,004 | $133,877,982 |
Ivinson Memorial Hospital Laramie, WY | $330,710,233 | $138,697,602 |
Winona Health Services Winona, MN | $149,374,764 | $114,059,975 |
Methodist Fremont Health Omaha, NE | $109,967,706 | $124,306,426 |
Jennie Edmundson Memorial Hospital Council Bluffs, IA | $159,830,825 | $120,935,401 |
Pella Regional Health Center Pella, IA | $175,318,188 | $109,674,630 |
Prairie Lakes Health Care System Inc Watertown, SD | $318,634,035 | $115,979,854 |
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
Mercy Medical Center Williston, ND | $138,014,231 | $90,717,177 |
Sidney Health Center Sidney, MT | $99,470,484 | $97,816,838 |