Faith Regional Health Services
- Assets
- $262.7m
- Revenue
- $266.5m
- Investments
- $0.0
- Employees
- 1,998
- Location
- Norfolk, NE
- Founding
- 07/1996
- Data as of
- 12/2022
- EIN
- 47-0796875
Organization Overview
Faith Regional Health Services is located in Norfolk, NE. The organization was established in 1996. 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 12/2023, Faith Regional Health Services employed 1,998 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Regional Health Services 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 12/2022, Faith Regional Health Services generated $266.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $266.1m during the year ending 12/2022. While expenses have increased by 4.1% 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.
Since 2014, Faith Regional Health Services has awarded 72 individual grants totaling $1,875,299. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACUTE, SKILLED AND OUTPATIENT SERVICES TO INDIVIDUALS IN OUR SERVICE AREA.
Describe the Organization's Program Activity:
FAITH REGIONAL PROVIDES HEALTHCARE TO ALL PEOPLE REGARDLESS OF THEIR ABILITY TO PAY OR THEIR INSURANCE PROVIDER. DURING THE YEAR, FAITH REGIONAL PROVIDED SIGNIFICANT SERVICES FOR MEDICARE AND MEDICAID PATIENTS.
MANY SERVICES PROVIDED BY FAITH REGIONAL ARE DONE TO MEET SPECIFIC NEEDS OF THE COMMUNITY BECAUSE NO OTHER SERVICES ARE AVAILABLE. AS A RESULT, THESE SERVICES ARE PROVIDED KNOWING THAT THEY WILL NOT BE FINANCIALLY VIABLE OR SELF-SUPPORTING. THESE SERVICES INCLUDE BEHAVIORAL HEALTH INPATIENT AND OUTPATIENT SERVICES, CHILD ADVOCACY, DIABETIC EDUCATION, DIALYSIS SERVICES, ACUTE REHABILITATIVE SERVICES, HOME HEALTH CARE AND TRANSITIONAL CARE (LONG-TERM REHABILITATION) SERVICES.
A SUBSTANTIAL PORTION OF COMMUNITY BENEFITS PROVIDED BY FAITH REGIONAL IS THE PROVISION OF PATIENT CARE SERVICES THAT ARE NOT PAID FOR EITHER BY THE PATIENT OR THIRD PARTY INSURANCE. DURING 2022, FAITH PROVIDED PATIENTS JUST UNDER SEVEN HUNDRED THOUSAND DOLLARS IN ASSISTANCE WITH PAYING THEIR HOSPITAL BILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fadi Rzouq MD Physician | 40 | $4,373,512 | |
Tristan L Hartzell MD Physician | 40 | $3,680,758 | |
John Lammli MD Physician | 40 | $1,198,372 | |
Nathan Herman MD Physician | 40 | $1,162,323 | |
Beethoven Brown MD Physician | 40 | $1,177,611 | |
Kelly Driscoll CEO | Officer | 39 | $758,697 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pathology Medical Service Lab Services | 12/30/22 | $542,000 |
Eide Bailly Llp Accounting Services | 12/30/22 | $137,787 |
Sioux City Night Patrol Security Services | 12/30/22 | $352,630 |
Brogan & Lammli Legal Services | 12/30/22 | $179,676 |
Virtual Radiologic Corporation Lab Services | 12/30/22 | $124,259 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $47,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,767,691 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $372,191 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,186,882 |
| Total Program Service Revenue | $261,280,318 |
| Investment income | $1,277,080 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$157,456 |
| Net Gain/Loss on Asset Sales | $84,375 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,862 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $266,455,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $225,961 |
| 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. | $2,456,647 |
| Compensation of current officers, directors, key employees. | $1,076,101 |
| Compensation to disqualified persons | $524,109 |
| Other salaries and wages | $120,602,670 |
| Pension plan accruals and contributions | $3,514,981 |
| Other employee benefits | $13,369,820 |
| Payroll taxes | $7,345,263 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $431,554 |
| Fees for services: Accounting | $212,013 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,009,760 |
| Advertising and promotion | $907,829 |
| Office expenses | $10,404,718 |
| Information technology | $8,619,112 |
| Royalties | $0 |
| Occupancy | $7,065,114 |
| Travel | $253,863 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $602,747 |
| Interest | $2,200,220 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,519,066 |
| Insurance | $1,266,650 |
| All other expenses | $362,948 |
| Total functional expenses | $266,074,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,063 |
| Savings and temporary cash investments | $56,344,001 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,936,969 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,172,183 |
| Inventories for sale or use | $4,469,606 |
| Prepaid expenses and deferred charges | $4,900,162 |
| Net Land, buildings, and equipment | $117,333,789 |
| Investments—publicly traded securities | $35,945,553 |
| Investments—other securities | $0 |
| Investments—program-related | $3,248,352 |
| Intangible assets | $0 |
| Other assets | $9,206,845 |
| Total assets | $262,709,523 |
| Accounts payable and accrued expenses | $31,612,672 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $55,940,463 |
| 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 | $8,118,756 |
| Other liabilities | $3,443,826 |
| Total liabilities | $99,115,717 |
| Net assets without donor restrictions | $162,593,806 |
| Net assets with donor restrictions | $1,000,000 |
| 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 | $262,709,523 |
Grants Awarded
Over the last fiscal year, Faith Regional Health Services has awarded $198,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NE NEBRASKA ALL STAR CLASSIC PURPOSE: SPONSORSHIPS | $20,000 |
FOR THE GIRLS NORFOLK PURPOSE: SPONSORSHIPS | $7,500 |
NORFOLK AREA UNITED WAY PURPOSE: ANNUAL GIVING/CAPITAL CAMPAIGN | $6,000 |
NORFOLK FAMILY YMCA PURPOSE: FACILITY EXPANSION AND ROUNDTABLE EVENT | $105,000 |
GREATER NORFOLK ECONOMIC DEVELOPMENT FOUNDATION PURPOSE: TO PROVIDE TRANSPORTATION FOR EMPLOYEES TO AND FROM WORK. | $50,000 |
KNIGHTS OF AKSARBEN FOUNDATION PURPOSE: SPONSORSHIPS | $10,000 |