Beatrice Community Hospital & Health Center Inc
- Assets
- $102.8m
- Revenue
- $87.7m
- Investments
- $173.4k
- Employees
- 627
- Location
- Beatrice, NE
- Founding
- 02/1943
- Data as of
- 09/2020
- EIN
- 47-0379834
Organization Overview
Beatrice Community Hospital & Health Center Inc is located in Beatrice, NE. The organization was established in 1943. 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 09/2021, Beatrice Community Hospital & Health Center Inc employed 627 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beatrice Community Hospital & Health 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 09/2020, Beatrice Community Hospital & Health Center Inc generated $87.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $84.9m during the year ending 09/2020. While expenses have increased by 3.0% 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
BEATRICE COMMUNITY HOSPITAL AND HEALTH CENTER, INC. IS DEDICATED TO BEING THE HEALTHCARE RESOURCE FOR THE COMMUNITIES WE SERVE BY PROVIDING QUALITY SERVICES (SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derrick Weichel MD Former Board Member/physician | 40 | $663,029 | |
Ronald Bear MD Physician | 40 | $495,999 | |
Blake Butler MD Physician | 40 | $455,156 | |
Brett Studley Former Board Member/physician | 40 | $446,988 | |
Rick Haraldson CEO | OfficerTrustee | 36 | $427,347 |
Jonathan Stelling Physician | 40 | $378,624 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bkd Llp Accounting Services | 9/29/21 | $121,490 |
Anthony Chisano Security | 9/29/21 | $127,315 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $446,160 |
| Investment income | $876,382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,142 |
| Net Gain/Loss on Asset Sales | -$29,225 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,662,561 |
| 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. | $2,012,809 |
| Compensation to disqualified persons | $45,198 |
| Other salaries and wages | $35,004,205 |
| Pension plan accruals and contributions | $2,273,643 |
| Other employee benefits | $5,071,756 |
| Payroll taxes | $2,356,865 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,799 |
| Fees for services: Accounting | $11,877 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $155,641 |
| Fees for services: Other | $3,634,641 |
| Advertising and promotion | $105,265 |
| Office expenses | $6,426,217 |
| Information technology | $4,026,106 |
| Royalties | $0 |
| Occupancy | $1,087,095 |
| Travel | $184,201 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $284,662 |
| Interest | $1,277,650 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,438,304 |
| Insurance | $359,241 |
| All other expenses | $0 |
| Total functional expenses | $84,877,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,284 |
| Savings and temporary cash investments | $26,547,899 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,327,176 |
| Loans from Officers, Directors, or Controlling Persons | $1,846 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $163,174 |
| Inventories for sale or use | $2,882,486 |
| Prepaid expenses and deferred charges | $1,118,837 |
| Investments—publicly traded securities | $22,249,116 |
| Investments—other securities | $173,439 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,109,731 |
| Total assets | $102,767,700 |
| Accounts payable and accrued expenses | $14,394,250 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $35,435,332 |
| 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 | $11,016,667 |
| Total liabilities | $60,846,249 |
| 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 | $41,921,451 |
Grants Awarded
Over the last fiscal year, Beatrice Community Hospital & Health Center Inc has awarded $169,489 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Beatrice, NE PURPOSE: OPERATION EXPENSES | $162,000 |
Beatrice, NE PURPOSE: OPERATION EXPENSES | $7,489 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Beatrice Community Hospital & Health Center Inc has recieved totaling $208,362.
| Awarding Organization | Amount |
|---|---|
Beatrice Community Hospital Foundation Inc Beatrice, NE PURPOSE: CAPTIAL NEEDS AND HEALTHCARE INITIATIVES | $208,362 |
Endowment Analysis
| Beg. Balance | $2,081,672 |
| Earnings | $403,658 |
| Ending Balance | $2,485,330 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Scl Health - Front Range Inc Broomfield, CO | $769,910,245 | $929,785,452 |
Monument Health Rapid City Hospital Inc Rapid City, SD | $1,522,340,119 | $951,840,989 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
Ascension Providence Hospital St Louis, MO | $465,661,519 | $850,694,127 |
Stormont-Vail Healthcare Inc Topeka, KS | $1,007,583,672 | $817,729,703 |
Bryan Medical Center Lincoln, NE | $1,105,625,709 | $861,679,038 |