Providence Medical Center
- Assets
- $46.5m
- Revenue
- $34.6m
- Investments
- $288.7k
- Employees
- 250
- Location
- Wayne, NE
- Founding
- 04/2010
- Data as of
- 12/2021
- EIN
- 47-0566524
Organization Overview
Providence Medical Center is located in Wayne, NE. The organization was established in 2010. 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, Providence Medical Center employed 250 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Medical 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 12/2021, Providence Medical Center generated $34.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $26.8m during the year ending 12/2021. While expenses have increased by 5.7% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDENCE MEDICAL CENTER IS A NOT-FOR-PROFIT, 21 BED, CRITICAL ACCESS HOSPITAL LOCATED IN WAYNE, NEBRASKA. PROVIDENCE SERVES OVER 15,000 AREA RESIDENTS IN NORTHEAST NEBRASKA AND EMPLOYS OVER 200 PEOPLE. PROVIDENCE OFFERS ACUTE, SKILLED, AND OBSTETRICAL CARE ALONG WITH 24 HOURS A DAY, SEVEN DAYS A WEEK EMERGENCY CARE AND AMBULANCE SERVICES. THE HOSPITAL ALSO PROVIDES DIAGNOSTIC IMAGING, SURGICAL, THERAPY, LABORATORY, ONCOLOGY, RESPIRATORY, HOME HEALTH, BEHAVIORAL HEALTH AND MANY OTHER HEALTH AND WELLNESS SERVICES. THERE ARE OVER 23 SPECIALTY CLINIC DOCTORS OF DIFFERENT SPECIALTIES THAT CONDUCT CLINICS AT THE HOSPITAL IN ORDER TO BRING SPECIALIZED CARE TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Frank CEO - Thru December | Officer | 40 | $194,874 |
Kristine Giese COO | 40 | $158,602 | |
Kimberly Lueders Director Of Pharmacy | 40 | $150,780 | |
Kimberly Hixson CFO | Officer | 40 | $124,067 |
Matthew Ley Chair | OfficerTrustee | 1 | $0 |
Eric Knutson Secretary/treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Faith Regional Physician Services Llc Er Doctor Coverage | 12/30/21 | $693,499 |
Psychiatric Medical Care Llc Senior Life Psychiatric Doctors | 12/30/21 | $423,160 |
Hypnos Aneshesia Pc Crna Services | 12/30/21 | $406,810 |
Ice Technologies Inc It Contracted Labor | 12/30/21 | $277,574 |
T And D Anesthesia Llc Crna Services | 12/30/21 | $252,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,284,135 |
| All other contributions, gifts, grants, and similar amounts not included above | $510,606 |
| Noncash contributions included in lines 1a–1f | $4,360 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,794,741 |
| Total Program Service Revenue | $27,225,898 |
| Investment income | $140,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $176,263 |
| Net Gain/Loss on Asset Sales | $241,526 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,578,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,493 |
| 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. | $352,465 |
| Compensation of current officers, directors, key employees. | $352,465 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,743,130 |
| Pension plan accruals and contributions | $343,410 |
| Other employee benefits | $1,893,760 |
| Payroll taxes | $720,252 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,904 |
| Fees for services: Accounting | $44,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,043,628 |
| Advertising and promotion | $149,778 |
| Office expenses | $225,098 |
| Information technology | $894,901 |
| Royalties | $0 |
| Occupancy | $462,716 |
| Travel | $58,601 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $86,456 |
| Interest | $268,642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,556,214 |
| Insurance | $183,780 |
| All other expenses | $64,752 |
| Total functional expenses | $26,825,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,811 |
| Savings and temporary cash investments | $10,101,310 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,385,642 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $719,546 |
| Prepaid expenses and deferred charges | $378,176 |
| Net Land, buildings, and equipment | $23,115,660 |
| Investments—publicly traded securities | $7,362,220 |
| Investments—other securities | $288,667 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $957,856 |
| Total assets | $46,480,888 |
| Accounts payable and accrued expenses | $2,976,003 |
| Grants payable | $0 |
| Deferred revenue | $595,180 |
| Tax-exempt bond liabilities | $10,010,632 |
| 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 | $1,180,807 |
| Total liabilities | $14,762,622 |
| Net assets without donor restrictions | $30,953,333 |
| Net assets with donor restrictions | $764,933 |
| 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 | $46,480,888 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Providence Medical Center has recieved totaling $55,004.
| Awarding Organization | Amount |
|---|---|
Leona M & Harry B Helmsley Charitable Trust New York, NY PURPOSE: EPHARMACY AT PROVIDENCE MEDICAL CENTER | $21,140 |
Leona M & Harry B Helmsley Charitable Trust New York, NY PURPOSE: EEMERGENCY AT PROVIDENCE MEDICAL CENTER | $16,407 |
American Heart Association Inc Dallas, TX PURPOSE: STROKE PROGRAMS | $9,000 |
Leona M & Harry B Helmsley Charitable Trust New York, NY PURPOSE: EPHARMACY AT PROVIDENCE MEDICAL CENTER | $8,457 |
Endowment Analysis
| Beg. Balance | $77,078 |
| Earnings | $9,931 |
| Ending Balance | $87,009 |
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 |