Hutchinson Regional Medical Foundation
- Assets
- $39.5m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Hutchinson, KS
- Founding
- 10/1979
- Data as of
- 06/2022
- 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 06/2022, Hutchinson Regional Medical Foundation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $703.3k during the year ending 06/2022. While expenses have increased by 11.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CULTIVATE RELATIONSHIPS, WHICH YIELDS ACTIVE PARTICIPATION, THROUGH CONTRIBUTIONS, TO SUPPORT HEALTHCARE INITIATIVES, SEE SCHEDULE O FOR CONTINUATION.
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 |
Cheryl Gonzalez Executive Director | Officer | 20 | $0 |
John Swearer Trustee | Trustee | 1 | $0 |
Ann Bush Trustee | Trustee | 1 | $0 |
Bob Fee Trustee/president | OfficerTrustee | 1 | $0 |
Mike Juby Trustee/secretary/treasurer | OfficerTrustee | 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 | $335,756 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $335,756 |
| Total Program Service Revenue | $0 |
| Investment income | $1,326,847 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $54,392 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,833,543 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,550,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $272,437 |
| Grants and other assistance to domestic individuals. | $144,842 |
| 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 | $85,980 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $126,398 |
| Fees for services: Other | $53,720 |
| Advertising and promotion | $535 |
| Office expenses | $63 |
| Information technology | $5,990 |
| Royalties | $0 |
| Occupancy | $9,774 |
| Travel | $38 |
| 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 | $40 |
| Total functional expenses | $703,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,297 |
| 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 | $12,295 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $39,089,727 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $118,708 |
| Total assets | $39,531,027 |
| Accounts payable and accrued expenses | $1,946 |
| 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 | $8,685,929 |
| Total liabilities | $8,687,875 |
| Net assets without donor restrictions | $28,872,532 |
| Net assets with donor restrictions | $1,970,620 |
| 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 | $39,531,027 |
Grants Awarded
Over the last fiscal year, Hutchinson Regional Medical Foundation has awarded $105,402 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HORIZONS MENTAL HEALTH CENTER INC PURPOSE: SUPPORT | $76,110 |
HUTCHINSON REGIONAL MEDICAL CENTER INC PURPOSE: SUPPORT | $29,292 |