Bozeman Health Deaconess Hospital
- Assets
- $645.5m
- Revenue
- $460.1m
- Investments
- $3.0m
- Employees
- 2,329
- Location
- Bozeman, MT
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-4717998
Organization Overview
Bozeman Health Deaconess Hospital is located in Bozeman, MT. The organization was established in 2016. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Bozeman Health Deaconess Hospital employed 2,329 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bozeman Health Deaconess Hospital 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, Bozeman Health Deaconess Hospital generated $460.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $417.7m during the year ending 12/2021. While expenses have increased by 8.6% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE COMMUNITY HEALTH AND QUALITY OF LIFE FOR RESIDENTS AND VISITORS OF SOUTHWEST MONTANA.
Describe the Organization's Program Activity:
THE BOZEMAN HEALTH DEACONESS HOSPITAL CLINICS CONSISTS OF OUR DEPARTMENTS THAT PROVIDE PHYSICIAN SERVICES TO OUTPATIENTS. WE SERVED 126,813 APPOINTMENTS IN 2021 THROUGHOUT OUR AMBULATORY CLINIC SETTING, JUST OVER 347/DAY. ABOUT 55% OF OUR SERVICE REVENUE IN THESE CLINICS IS FROM THE MEDICARE AND MEDICAID POPULATION. TOTAL NET OPERATING REVENUES WERE $123,889,048 WITH ASSOCIATED OPERATING EXPENSES OF $131,393,806. THE LOSS OF $7,504,758 IS REFLECTIVE OF OUR COMMITMENT TO PROVIDE ACCESS TO ALL PATIENTS REGARDLESS OF THEIR ABILITY TO PAY.
BOZEMAN HEALTH DEACONESS HOSPITAL'S SURGICAL SERVICES STRIVES TO OFFER A WIDE ARRAY OF SURGICAL OPTIONS USING STATE OF THE ART TECHNOLOGY. IN 2021, WE PERFORMED 8,318 INPATIENT AND OUTPATIENT SURGERIES. MAKING UP 55% ($66,381,683) OF TOTAL REVENUE FROM THESE SERVICES ($121,159,023), WERE MEDICARE AND MEDICAID PATIENTS. NEARLY 46% OF TOTAL REVENUES WAS WRITTEN OFF ($55,319,262). OUR SURGICAL SERVICES ALSO RECORDED $35,968,271 IN OPERATING EXPENSES PLUS ANOTHER $1,135,938 OF INDIRECT OVERHEAD.
THE EMERGENCY ROOM AT BOZEMAN HEALTH DEACONESS HOSPITAL IS ONE OF THE BUSIEST DEPARTMENTS IN OUR ORGANIZATION, WITH JUST UNDER 35,000 VISITS IN 2021. MAKING UP 47% ($22,594,381) OF TOTAL REVENUE FROM THESE SERVICES ($48,419,402), WERE MEDICARE AND MEDICAID PATIENTS. 51% OF TOTAL REVENUES WAS WRITTEN OFF ($23,604,995). DIRECT AND INDIRECT EXPENSES INCURRED IN SUPPORTING THE OPERATION OF THIS EMERGENCY ROOM ACCUMULATED TO $14,011,261.
BOZEMAN HEALTH DEACONESS HOSPITAL OPERATES A 125 BED HOSPITAL FACILITY (HOSPITAL), ALONG WITH A 45 UNIT ASSISTED LIVING HOME AND A 113 UNIT INDEPENDENT LIVING HOME (HILLCREST SENIOR LIVING OR HSL). ALL PATIENT AND RESIDENT SERVICE REVENUE FROM THESE OPERATIONS ARE USED TO PROVIDE HEALTH CARE SERVICES, HEALTH CARE PROMOTION, AND HEALTH CARE EDUCATION TO BOZEMAN AND THE SURROUNDING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Bertagnolli Pharmacy System Manager | 50 | $201,667 | |
Alan Brayton Pharmacy Supervisor | 50 | $192,968 | |
Tim Lolatte System Director Of Supply | 50 | $167,346 | |
Peter Schultz Pharmacist | 50 | $156,692 | |
Monica Stewart Pharmacist | 50 | $148,883 | |
Katie Daughenbaugh Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bridger Orthopedic & Sports Physician Services | 12/30/19 | $165,750 |
Montana Linen Supply Llc Linen Cleaning | 12/30/19 | $188,947 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,397,820 |
| Government grants | $2,011,577 |
| 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 | $4,409,397 |
| Total Program Service Revenue | $416,594,505 |
| Investment income | $6,559,678 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $809,489 |
| Net Gain/Loss on Asset Sales | $31,742,354 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $460,115,423 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $285,000 |
| 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 | $86,901,902 |
| Pension plan accruals and contributions | $3,890,079 |
| Other employee benefits | $10,838,615 |
| Payroll taxes | $6,365,872 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $480 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $815,746 |
| Fees for services: Other | $51,186,489 |
| Advertising and promotion | $213,206 |
| Office expenses | $4,646,448 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,159,006 |
| Travel | $206,070 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $137,380 |
| Interest | $5,398,831 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,939,772 |
| Insurance | $1,005,535 |
| All other expenses | $5,699,159 |
| Total functional expenses | $417,660,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,009,139 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,287,632 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $125,000 |
| Inventories for sale or use | $12,242,322 |
| Prepaid expenses and deferred charges | $3,382,011 |
| Net Land, buildings, and equipment | $194,097,860 |
| Investments—publicly traded securities | $241,868,011 |
| Investments—other securities | $3,025,977 |
| Investments—program-related | $1,481,525 |
| Intangible assets | $716,035 |
| Other assets | $103,281,084 |
| Total assets | $645,516,596 |
| Accounts payable and accrued expenses | $36,152,152 |
| Grants payable | $0 |
| Deferred revenue | $1,129,830 |
| Tax-exempt bond liabilities | $182,019,419 |
| Escrow or custodial account liability | $6,923,360 |
| 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 | $26,705,246 |
| Total liabilities | $252,930,007 |
| Net assets without donor restrictions | $373,305,911 |
| Net assets with donor restrictions | $19,280,678 |
| 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 | $645,516,596 |
Grants Awarded
Over the last fiscal year, Bozeman Health Deaconess Hospital has awarded $285,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Missoula, MT PURPOSE: Support mental health needs within our service area | $225,000 |
Bozeman, MT PURPOSE: Support cancer support services within our service area | $60,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bozeman Health Deaconess Hospital has recieved totaling $2,397,820.
| Awarding Organization | Amount |
|---|---|
Bozeman Deaconess Foundation Bozeman, MT PURPOSE: Support of hospital programs and services. | $2,397,820 |
Endowment Analysis
| Beg. Balance | $20,745,993 |
| Earnings | $3,399,161 |
| Net Contributions | $973,493 |
| Other Expense | $584,515 |
| Ending Balance | $24,534,132 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Magic Valley Regional Medical Center Ltd Boise, ID | $303,932,455 | $512,365,608 |
Bozeman Health Deaconess Hospital Bozeman, MT | $645,516,596 | $460,115,423 |
Innovis Health Llc Fargo, ND | $306,752,197 | $391,671,007 |
St Lukes Nampa Medical Center Ltd Boise, ID | $193,629,176 | $240,798,900 |
Powell Valley Health Care Inc Powell, WY | $35,284,547 | $75,395,152 |
Family Medicine Residency Of Idahoinc Boise, ID | $18,048,214 | $63,126,240 |
Holy Rosary Healthcare Miles City, MT | $66,405,455 | $64,202,519 |
North Canyon Medical Center Inc Gooding, ID | $58,497,555 | $51,771,890 |
Glendive Medical Center Inc Glendive, MT | $48,669,322 | $43,447,835 |
Cabinet Peaks Medical Center Libby, MT | $72,294,140 | $47,370,085 |
Wyoming Hospital Association Cheyenne, WY | $13,654,698 | $39,324,573 |
Plains Hospitals Inc Plains, MT | $35,008,073 | $37,271,280 |