Crete Area Medical Center
- Assets
- $50.3m
- Revenue
- $33.4m
- Investments
- $0.0
- Employees
- 205
- Location
- Crete, NE
- Founding
- 08/2001
- Data as of
- 12/2022
- EIN
- 47-0841285
Organization Overview
Crete Area Medical Center is located in Crete, NE. The organization was established in 2001. 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 12/2022, Crete Area Medical Center employed 205 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crete Area 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 12/2022, Crete Area Medical Center generated $33.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $30.1m during the year ending 12/2022. While expenses have increased by 5.2% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CRETE AREA MEDICAL CENTER IS COMMITTED TO ADVANCING THE HEALTH OF THE COMMUNITIES AND REGION WE SERVE. DURING 2022, CRETE AREA MEDICAL CENTER HAS PROVIDED CHARITY CARE TO 992 PATIENTS AT A COST OF $871,940.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRETE AREA MEDICAL CENTER ("CAMC") IS A PART OF BRYAN HEALTH. CAMC, LOCATED IN CRETE, NEBRASKA, IS A NEBRASKA NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS RECEIVED DETERMINATION THAT IT IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE IN ORDER TO PROVIDE HEALTH CARE SERVICES. CAMC WAS INCORPORATED IN APRIL 2001 AND OPERATES A 15-LICENSED BED CRITICAL ACCESS HOSPITAL AND THREE PHYSICIAN CLINICS SERVING PATIENTS AND RESIDENTS PRINCIPALLY FROM SALINE AND LANCASTER COUNTIES. DURING THE YEAR ENDING DECEMBER 31, 2022, CAMC PROVIDED INPATIENT ACUTE, SWING BED AND NURSERY SERVICES TO 263 PATIENTS. CAMC PERFORMED 713 SURGICAL PROCEDURES, AND PROVIDED PRIMARY CARE PHYSICIAN SERVICES WITH 27,561 VISITS. IN 2022, CAMC ALSO PROVIDED CHARITY CARE TO 992 PATIENTS AND SERVED 1,857 MEDICAID PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary & Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chairperson | OfficerTrustee | 1 | $0 |
Name Not Listed President/ceo | OfficerTrustee | 60 | $284,754 |
Name Not Listed Chairperson | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 50 | $375,817 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hausmann & Sons Contruction General Construction | 12/30/22 | $3,186,841 |
Language Line Solutions Language Transation | 12/30/22 | $126,073 |
Focusone Solutions Llc Temporary Labor | 12/30/22 | $340,258 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $118,007 |
| Government grants | $358,024 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $476,031 |
| Total Program Service Revenue | $32,195,341 |
| Investment income | $94,986 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,767 |
| Net Gain/Loss on Asset Sales | $1,700 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,446,526 |
| 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. | $893,768 |
| Compensation of current officers, directors, key employees. | $569,952 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,686,281 |
| Pension plan accruals and contributions | $590,709 |
| Other employee benefits | $2,070,155 |
| Payroll taxes | $896,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,698 |
| Fees for services: Accounting | $66,454 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,255,350 |
| Advertising and promotion | $43,664 |
| Office expenses | $1,907,003 |
| Information technology | $5,531 |
| Royalties | $0 |
| Occupancy | $353,826 |
| Travel | $10,860 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $102,248 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,004,495 |
| Insurance | $125,354 |
| All other expenses | $582,178 |
| Total functional expenses | $30,134,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,294,057 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,798,688 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $174,988 |
| Prepaid expenses and deferred charges | $169,793 |
| Net Land, buildings, and equipment | $16,214,448 |
| Investments—publicly traded securities | $14,937,894 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,682,840 |
| Total assets | $50,272,708 |
| Accounts payable and accrued expenses | $3,865,920 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $1,613,335 |
| Total liabilities | $5,479,255 |
| Net assets without donor restrictions | $44,793,453 |
| 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 | $50,272,708 |