Phelps Memorial Health Center
- Assets
- $156.8m
- Revenue
- $64.0m
- Investments
- $44.5k
- Employees
- 345
- Location
- Holdrege, NE
- Founding
- 06/1963
- Data as of
- 12/2020
- EIN
- 47-0481628
Organization Overview
Phelps Memorial Health Center is located in Holdrege, NE. The organization was established in 1963. 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 12/2021, Phelps Memorial Health Center employed 345 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phelps Memorial Health Center 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 12/2020, Phelps Memorial Health Center generated $64.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $52.5m during the year ending 12/2020. While expenses have increased by 3.9% 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.
Since 2014, Phelps Memorial Health Center has awarded 30 individual grants totaling $297,508. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PHELPS MEMORIAL HEALTH CENTER IS A PROGRESSIVE FAMILY-CENTERED HEALTH CARE PROVIDER PROVIDING EXCEPTIONAL QUALITY AND COMPASSIONATE CARE FOR THE FAMILIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
25-BED CRITICAL ACCESS HOSPITAL THAT PROVIDES INPATIENT, OUTPATIENT, SWING BED, EMERGENCY AND AMBULANCE SERVICES IN THE LOCAL AREA.
PHYSICIAN CLINIC - PHELPS MEMORIAL HEALTH CENTER IS DEDICATED TO PROVIDING OUR PATIENTS WITH A HIGH LEVEL OF QUALITY CARE, RIGHT HERE IN HOLDREGE, NEBRASKA. PHMC CONTRACTS WITH MANY VISITING SPECIALISTS TO PROVIDE OUR PATIENTS WITH THE SPECIALTY CARE THEY NEED WITHOUT LEAVING TOWN. VISITING PHYSICIANS AND SURGEONS PROVIDE SPECIALITIES IN THE AREAS OF CARDIOLOGY, EAR/NOSE/THROAT, GENERAL SURGERY, PAIN MANAGEMENT, NEPHROLOGY, OBSTETRICS AND GYNECOLOGY, ONCOLOGY, OPTHALMOLOGY, ORTHOPAEDICS, SPINE, PODIATRY, PULMONARY, UROLOGY, AND WOUND TREATMENT.
PHARMACY - THE PHARMACY DEPARTMENT OVERSEES MEDICATION PURCHASING, STORAGE, DISPENSING, AND THE UTILIZATION THROUGHOUT PHELPS MEMORIAL HEALTH CENTER. THE PHARMACY STAFF PLAYS AN IMPORTANT ROLE IN PROVIDING DRUG INFORMATION TO HEALTH CARE PROFESSIONALS AT PHELPS MEMORIAL HEALTH CENTER. WITH THE USE OF DISPENSING TECHNOLOGIES, INCLUDING SMART INFUSION PUMPS AND BAR CODING BEDSIDE, THE PHARMACY DEPARTMENT AT PHELPS MEMORIAL HEALTH CENTER GIVES PATIENT SAFETY A TOP PRIOITY.
PHYSICAL THERAPY - THE THERAPY CENTER INCLUDES A LARGE GYM FOR TRAINING AND REHABILITATION, A WHIRLPOOL ROOM FOR WOUND CARE AND A SPORTS FLOOR FOR ATHLETIC TRAINING. PHYSICAL THERAPY ALLOWS INDIVIDUALS TO DEVELOP, RESTORE AND MAINTAIN MAXIMUM MOVEMENT AND FUNCTIONAL ABILITY THROUGHOUT LIFE. THIS INCLUDES PROVIDING SERVICES IN CIRCUMSTANCES WHERE MOVEMENT AND FUNCTION ARE THREATENED BY AGING, INJURY OR DISEASE. THE HYDROWORX THERAPY POOL HELPS PATIENTS RECOVER FROM SURGERY AND ARTHRITIC SYMPTOMS, AS WELL AS, ATHLETIC REHABILITATION.OCCUPATIONAL THERAPY INCORPORATES MEANINGFUL AND PURPOSEFUL OCCUPATION TO ENABLE PEOPLE WITH LIMITATIONS OR IMPAIRMENTS TO PARTICIPATE IN EVERYDAY LIFE. OCCUPATIONAL THERAPISTS WORK WITH INDIVIDUALS, FAMILIES, GROUPS AND POPULATIONS TO FACILITATE HEALTH AND WELL-BEING THROUGH ENGAGEMENT OR RE-ENGAGEMENT IN OCCUPATIONS AND EVERYDAY ACTIVITIES. OCCUPATIONAL THERAPY MAY INCLUDE RESTORING FUNCTION, ADAPTING THE PATIENT'S ENVIRONMENT, OR EVEN HELPING PATIENTS FIND EQUIPMENT TO HELP THEM PARTICIPATE MORE INDEPENDENTLY IN THEIR EVERYDAY ACTIVITIES. OCCUPATIONAL THERAPY HAS MORE ROOM TO EXPAND THEIR SERVICES AND BETTER SERVE THEIR PATIENTS.SPEECH THERAPY ADDRESSES PEOPLE'S SPEECH PRODUCTION, VOCAL PRODUCTION, SWALLOWING DIFFICULTIES AND LANGUAGE NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Harrel CEO | Officer | 40 | $507,966 |
Loren Schroder CFO | Officer | 40 | $368,657 |
Ruben Chavez Crna | 40 | $240,283 | |
Jamie Rooks Crna | 40 | $222,459 | |
Melissa Albers Crna | 40 | $194,580 | |
Lacie Westcott Cxo | 40 | $181,079 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Inspire Holdrege Llc Multiple Pts, Ots, And Sts | 12/30/21 | $2,175,116 |
Holdredge Medical Clinic Emergency Room And Rehab. Coverage | 12/30/21 | $1,737,635 |
Rural Partners In Medicine Llc Specialty Physicians | 12/30/21 | $3,540,488 |
Nebraska Provider Alliance Llc Contracted Services/chronic Care Managem | 12/30/21 | $1,020,790 |
Quorum Health Resources Management Services | 12/30/21 | $349,906 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,591,880 |
| Investment income | $2,179,160 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $456,246 |
| 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 | $64,041,410 |
| 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. | $950,336 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,890,283 |
| Pension plan accruals and contributions | $356,005 |
| Other employee benefits | $2,922,002 |
| Payroll taxes | $1,051,058 |
| Fees for services: Management | $349,628 |
| Fees for services: Legal | $82,878 |
| Fees for services: Accounting | $18,526 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,613,479 |
| Advertising and promotion | $257,032 |
| Office expenses | $4,365,620 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $766,757 |
| Travel | $1,053,688 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $502,765 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,391,061 |
| Insurance | $306,250 |
| All other expenses | $0 |
| Total functional expenses | $52,466,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,524 |
| Savings and temporary cash investments | $10,616,957 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,925,167 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,306,965 |
| Prepaid expenses and deferred charges | $1,218,452 |
| Investments—publicly traded securities | $81,726,538 |
| Investments—other securities | $44,517 |
| Investments—program-related | -$216,107 |
| Intangible assets | $0 |
| Other assets | $2,696,051 |
| Total assets | $156,794,421 |
| Accounts payable and accrued expenses | $4,711,963 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $18,071,071 |
| 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 | $2,935,000 |
| Other liabilities | $12,734,561 |
| Total liabilities | $38,452,595 |
| 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 | $118,341,826 |
Grants Awarded
Over the last fiscal year, Phelps Memorial Health Center has awarded $10,698 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Kearney, NE PURPOSE: PROVIDE EFFICIENT FOOD STORAGE. | $5,698 |
Holdrege, NE PURPOSE: PURCHASE APPLIANCE AND FURNISHINGS FOR THE HEALTH CARE RESIDENT LOUNGE RENOVATIONS. | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phelps Memorial Health Center has recieved totaling $7,086.
| Awarding Organization | Amount |
|---|---|
Irene Anderson Foundation Milwaukee, WI PURPOSE: GENERAL OPERATING | $7,086 |
Endowment Analysis
| Beg. Balance | $567,283 |
| Earnings | $39,402 |
| Ending Balance | $606,685 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Marys Hospital Ozaukee Inc St Louis, MO | $0 | $119,639,290 |
Longmont United Hospital Longmont, CO | $214,203,834 | $134,718,375 |
Fort Madison Community Hospital West Burlington, IA | $0 | $63,917,889 |
Avera Queen Of Peace Mitchell, SD | $173,794,004 | $133,877,982 |
Jane Phillips Memorial Medical Center Inc St Louis, MO | $87,499,100 | $121,263,469 |
Ivinson Memorial Hospital Laramie, WY | $330,710,233 | $138,697,602 |
Methodist Fremont Health Omaha, NE | $109,967,706 | $124,306,426 |
Jennie Edmundson Memorial Hospital Council Bluffs, IA | $159,830,825 | $120,935,401 |
San Luis Valley Regional Medical Center Alamosa, CO | $124,351,894 | $116,651,217 |
Yampa Valley Medical Center Steamboat Springs, CO | $172,296,519 | $125,137,699 |
Ascension Via Christi Hospital Pittsburg Inc St Louis, MO | $71,765,236 | $104,056,265 |
Pella Regional Health Center Pella, IA | $175,318,188 | $109,674,630 |