Memorial Community Hospital Corporation
- Assets
- $56.3m
- Revenue
- $44.0m
- Investments
- $0.0
- Employees
- 336
- Location
- Blair, NE
- Founding
- 07/1963
- Data as of
- 12/2021
- EIN
- 47-0426285
Organization Overview
Memorial Community Hospital Corporation is located in Blair, NE. The organization was established in 1963. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Memorial Community Hospital Corporation employed 336 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial Community Hospital Corporation 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, Memorial Community Hospital Corporation generated $44.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $39.0m during the year ending 12/2021. While expenses have increased by 1.3% 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
AS AN ENGAGED TEAM OF PHYSICIANS, MEDICAL PROFESSIONALS, AND SUPPORT STAFF WE ARE COMMITTED TO DELIVERING STATE-OF-THE-ART HEALTH CARE TAILORED TO OUR UNIQUE COMMUNITY AND SECOND TO NONE IN THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMORIAL COMMUNITY HOSPITAL OF BLAIR PROVIDES HEALTH CLINICS FOR THE RESIDENTS OF BLAIR AND SURROUNDING COMMUNITIES WITH HEALTH CARE PROVIDERS IN A VARIETY OF MEDICAL SPECIALTIES. THE HEALTH CLINICS REVENUE OF $11,354,311 IS THE GROSS REVENUE BEFORE CONTRACTUAL ADJUSTMENTS.
MEMORIAL COMMUNITY HOSPITAL OF BLAIR PROVIDES THE RESIDENTS OF BLAIR AND SURROUNDING COMMUNITIES 24 HOUR EMERGENCY ROOM SERVICES. THE EMERGENCY SERVICES REVENUE OF $5,664,985 IS THE GROSS REVENUE BEFORE CONTRACTUAL ADJUSTMENTS.
MEMORIAL COMMUNITY HOSPITAL OF BLAIR PROVIDES THE RESIDENTS OF BLAIR AND SURROUNDING COMMUNITIES WITH A VARIETY OF THERAPY SERVICES, INCLUDING PHYSICAL AND OCCUPATIONAL THERAPY, SPEECH THERAPY, SLEEP STUDIES, AND RESPIRATORY THERAPY. THE THERAPY SERVICES REVENUE OF $5,749,194 IS THE GROSS REVENUE BEFORE CONTRACTUAL ADJUSTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Sisk MD Physician | 40 | $347,605 | |
Charles Smith MD Physician | 40 | $335,092 | |
Paula Thielen-Kocharov MD Physician | 40 | $327,443 | |
Tony Tran Crna | 40 | $303,229 | |
Mark Shirley MD Physician | 40 | $302,467 | |
Sandra Baumberger MD Board Member/physician | Trustee | 40 | $248,146 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chi Health Mgmt Fees/health Svcs | 12/30/21 | $1,546,044 |
Mmc Mechanical Contractors Inc Mechanical Services | 12/30/21 | $1,114,953 |
Rural Partners In Medicine Medical Services | 12/30/21 | $935,938 |
Fusion Medical Staffing Llc Staffing Services | 12/30/21 | $601,975 |
Signature Performance Business Office Services | 12/30/21 | $769,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $104,573 |
| Government grants | $2,097,091 |
| All other contributions, gifts, grants, and similar amounts not included above | $264,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,465,869 |
| Total Program Service Revenue | $40,328,732 |
| Investment income | $458,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $116,639 |
| 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 | $44,044,678 |
| 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 | $18,357,439 |
| Pension plan accruals and contributions | $408,950 |
| Other employee benefits | $2,198,575 |
| Payroll taxes | $1,094,034 |
| Fees for services: Management | $502,682 |
| Fees for services: Legal | $32,813 |
| Fees for services: Accounting | $24,850 |
| Fees for services: Lobbying | $5,928 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,568,870 |
| Advertising and promotion | $157,688 |
| Office expenses | $48,953 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $495,357 |
| Travel | $11,368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $110,719 |
| Conferences, conventions, and meetings | $0 |
| Interest | $414,303 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,468,507 |
| Insurance | $238,989 |
| All other expenses | $321,200 |
| Total functional expenses | $39,010,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,087,517 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,941,816 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $626,635 |
| Prepaid expenses and deferred charges | $244,945 |
| Net Land, buildings, and equipment | $19,818,385 |
| Investments—publicly traded securities | $6,259,986 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $296,534 |
| Total assets | $56,275,818 |
| Accounts payable and accrued expenses | $4,321,918 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $7,728,415 |
| 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 | $3,561,907 |
| Total liabilities | $15,612,240 |
| Net assets without donor restrictions | $40,663,578 |
| 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 | $56,275,818 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Memorial Community Hospital Corporation has recieved totaling $47,036.
| Awarding Organization | Amount |
|---|---|
Mch Auxiliary Thrift Shop Inc Blair, NE PURPOSE: GENERAL SUPPORT | $38,000 |
American Heart Association Inc Dallas, TX PURPOSE: STROKE PROGRAMS | $9,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $36 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Vincents Health System Inc St Louis, MO | $135,464,874 | $115,601,105 |
Ascension Via Christi Health Inc St Louis, MO | $224,688,914 | $97,145,070 |
Nebraska Methodist Health System Inc Omaha, NE | $1,257,543,382 | $79,579,701 |
Mercy Health Southwest Missouri Kansas Communities Joplin, MO | $10,110,095 | $51,629,462 |
Lower Valley Hospital Association Fruita, CO | $64,162,006 | $78,174,068 |
Southwest Health System Inc Cortez, CO | $66,730,739 | $73,002,542 |
Sanford Sioux Falls, SD | $665,368,621 | $12,274,166 |
Diversus Health Inc Colorado Springs, CO | $69,056,645 | $59,817,758 |
Alabama Providence Healthcare Services St Louis, MO | $11,011,126 | $32,937,947 |
Wheaton Franciscan Healthcare-Iowa Inc Waterloo, IA | $26,954,347 | $50,265,958 |
Wheaton Franciscan Healthcare - Southeast Wisconsin Inc St Louis, MO | $170,280,677 | $49,335,705 |
Parkview Health Systems Inc Pueblo, CO | $227,277 | $49,526,192 |