Hutchinson Regional Medical Foundation
- Assets
- $46.7m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Hutchinson, KS
- Founding
- 10/1979
- Data as of
- 06/2021
- EIN
- 48-0891435
Organization Overview
Hutchinson Regional Medical Foundation is located in Hutchinson, KS. The organization was established in 1979. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hutchinson Regional Medical Foundation 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 06/2021, Hutchinson Regional Medical Foundation generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $492.8k during the year ending 06/2021. While expenses have increased by 6.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS TO FACILITATE THE ACCOMPLISHMENT OF THE HEALTH CARE MISSIONS OF HUTCHINSON REGIONAL MEDICAL CENTER INC. AND ITS RELATED EXEMPT AFFILIATE CORPORATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RAISE FUNDS TO FACILITATE THE ACCOMPLISHMENT OF THE HEALTH CARE MISSIONS OF HUTCHINSON REGIONAL MEDICAL CENTER, INC. AND ITS RELATED EXEMPT AFFILIATE CORPORATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kendall E Johnson Trustee/president | OfficerTrustee | 1 | $0 |
Bob Fee Trustee/vice President | OfficerTrustee | 1 | $0 |
Mike Juby Trustee/secretary/treasurer | OfficerTrustee | 1 | $0 |
Sue Wray Executive Director | Officer | 20 | $0 |
Marla Eriksen Trustee | Trustee | 1 | $0 |
John Deardoff Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,305 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,305 |
| Total Program Service Revenue | $0 |
| Investment income | $1,137,810 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $39,976 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,035,722 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,297,813 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $105,402 |
| Grants and other assistance to domestic individuals. | $142,796 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $47,096 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,181 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $93,737 |
| Fees for services: Other | $57,260 |
| Advertising and promotion | $2,000 |
| Office expenses | $1,715 |
| Information technology | $32,345 |
| Royalties | $0 |
| Occupancy | $317 |
| Travel | $4,646 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $202 |
| Total functional expenses | $492,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $391,927 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,845 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $46,043,011 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $219,820 |
| Total assets | $46,661,603 |
| Accounts payable and accrued expenses | $16,889 |
| 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 | $10,289,093 |
| Total liabilities | $10,305,982 |
| Net assets without donor restrictions | $33,866,597 |
| Net assets with donor restrictions | $2,489,024 |
| 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 | $46,661,603 |
Grants Awarded
Over the last fiscal year, Hutchinson Regional Medical Foundation has awarded $105,402 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Hutchinson, KS PURPOSE: SUPPORT | $76,110 |
Hutchinson, KS PURPOSE: SUPPORT | $29,292 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hutchinson Regional Medical Foundation has recieved totaling $12,686.
| Awarding Organization | Amount |
|---|---|
Hutchinson Community Foundation Hutchinson, KS PURPOSE: HEALTH RELATED | $12,686 |
Endowment Analysis
| Beg. Balance | $46,087 |
| Earnings | $26,281 |
| Admin Expense | $966 |
| Ending Balance | $71,402 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Newton Healthcare Corporation Newton, KS | $117,996,443 | $104,642,864 |
Integris Health Edmond Inc Oklahoma City, OK | $260,031,221 | $95,781,800 |
St Lukes Des Peres Episcopal-Presbyterian Hospital Chesterfield, MO | $97,618,886 | $86,507,537 |
Ascension Via Christi Hospital Manhattan Inc St Louis, MO | $74,708,914 | $108,962,150 |
Labette County Medical Center Parsons, KS | $105,070,673 | $101,559,622 |
Beatrice Community Hospital & Health Center Inc Beatrice, NE | $102,767,700 | $87,662,561 |
Mosaic Medical Center - Maryville Saint Joseph, MO | $38,239,596 | $87,440,620 |
Southwest Medical Center Liberal, KS | $107,680,952 | $90,025,619 |
Mercy Hospital Lebanon Lebanon, MO | $18,431,001 | $100,116,639 |
Saint Lukes Hospital Of Chillicothe Chillicothe, MO | $82,274,802 | $65,925,999 |
Cameron Regional Medical Center Inc Cameron, MO | $104,254,147 | $82,630,579 |
Perry County Health System Perryville, MO | $69,313,234 | $75,534,101 |