Memorial Health Care Systems
- Assets
- $96.6m
- Revenue
- $47.8m
- Investments
- $9.1m
- Employees
- 313
- Location
- Seward, NE
- Founding
- 03/1956
- Data as of
- 09/2023
- EIN
- 47-0375220
Organization Overview
Memorial Health Care Systems is located in Seward, NE. The organization was established in 1956. 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 09/2023, Memorial Health Care Systems employed 313 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial Health Care Systems 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 09/2023, Memorial Health Care Systems generated $47.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $41.5m during the year ending 09/2023. While expenses have increased by 3.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE HOSPITAL ACUTE INPATIENT, SKILLED NURSING, AND OUTPATIENT SERVICES FOR THE RESIDENTS OF OUR COMMUNITY. WE PROVIDE FAMILY PRACTICE PHYSICIAN CLINIC SERVICES TO THE COMMUNITIES IN OUR SERVICE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPITAL OUTPATIENT SERVICES - THE HOSPITAL PROVIDES OUTPATIENT DIAGNOSTIC, THERAPEUTIC, SURGICAL AND EMERGENCY SERVICES TO THE COMMUNITY. THERE WERE APPROXIMATELY 39,592 OUTPATIENT VISITS THIS YEAR.
FAMILY PHARMACY AND OTHER SERVICES.
FAMILY PRACTICE PHYSICIAN CLINIC SERVICES - THE ORGANIZATION PROVIDES 9 BOARD CERTIFIED FAMILY PRACTICE PHYSICIANS AND 5 PHYSICIAN ASSISTANTS THAT STAFF THE CLINICS IN SEWARD, MILFORD AND UTICA. THESE CLINICS OFFER THE MAIN SOURCE OF PRIMARY CARE FOR THE COMMUNITY. THERE WERE APPROXIMATELY 30,857 OFFICE VISITS THIS YEAR.
HOSPITAL ACUTE INPATIENT, SKILLED NURSING AND ASSISTED LIVING SERVICES - THE HOSPITAL PROVIDES THREE DIFFERENT LEVELS OF INPATIENT SERVICES TO THE COMMUNITY TO MEET THE LEVEL OF CARE NEEDS FOR EACH PATIENT, INCLUDING DELIVERY AND NURSERY SERVICES. THERE WERE APPROXIMATELY 4,523 PATIENT DAYS THIS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Hecker Chairperson | OfficerTrustee | 6 | $0 |
Donna Havener Vice Chair | OfficerTrustee | 5 | $0 |
Mike Tomes Secretary/treasurer | OfficerTrustee | 5 | $0 |
John Hughes Director Thru 12/22 | Trustee | 4 | $0 |
Lana Daws Director | Trustee | 4 | $0 |
Jill Eberspacher Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acute Care Inc Physician Er Services | 9/29/23 | $904,406 |
Sampson Construction Company Inc Construction Services | 9/29/23 | $449,407 |
Maxim Healthcare Services Contract Nursing Services | 9/29/23 | $481,070 |
Medical Information Technology Inc Software Maintenance Services | 9/29/23 | $376,505 |
Engineered Controls Hvac Maintenance & Repairs | 9/29/23 | $437,638 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $746,341 |
| Government grants | $272,198 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,980 |
| Noncash contributions included in lines 1a–1f | $15,321 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,098,519 |
| Total Program Service Revenue | $44,336,837 |
| Investment income | $1,034,028 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $819,391 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,757,978 |
| 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. | $858,247 |
| Compensation of current officers, directors, key employees. | $858,247 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,790,684 |
| Pension plan accruals and contributions | $671,732 |
| Other employee benefits | $3,260,265 |
| Payroll taxes | $1,255,242 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,643 |
| Fees for services: Accounting | $37,751 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,821 |
| Fees for services: Other | $4,935,370 |
| Advertising and promotion | $135,390 |
| Office expenses | $1,796,983 |
| Information technology | $6,167 |
| Royalties | $0 |
| Occupancy | $536,573 |
| 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 | $3,067,573 |
| Insurance | $308,550 |
| All other expenses | $28,694 |
| Total functional expenses | $41,489,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,133 |
| Savings and temporary cash investments | $35,225,670 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,174,146 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $49,375 |
| Inventories for sale or use | $660,452 |
| Prepaid expenses and deferred charges | $601,905 |
| Net Land, buildings, and equipment | $20,589,482 |
| Investments—publicly traded securities | $24,205,076 |
| Investments—other securities | $9,114,182 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $96,622,421 |
| Accounts payable and accrued expenses | $3,313,664 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,833,085 |
| Total liabilities | $5,146,749 |
| Net assets without donor restrictions | $83,125,863 |
| Net assets with donor restrictions | $8,349,809 |
| 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 | $96,622,421 |