Newton Healthcare Corporation
- Assets
- $113.9m
- Revenue
- $104.2m
- Investments
- $168.2k
- Employees
- 1,127
- Location
- Newton, KS
- Founding
- 09/1988
- Data as of
- 06/2022
- EIN
- 48-1040759
Organization Overview
Newton Healthcare Corporation is located in Newton, KS. The organization was established in 1988. 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 06/2022, Newton Healthcare Corporation employed 1,127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newton Healthcare Corporation 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, Newton Healthcare Corporation generated $104.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $101.4m during the year ending 06/2022. While expenses have increased by 3.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EXCEL IN PROVIDING HEALTHCARE BY UNDERSTANDING AND RESPONDING TO THE INDIVIDUAL NEEDS OF THOSE WE SERVE.
Describe the Organization's Program Activity:
PATIENT SERVICES - NEWTON HEALTHCARE CORPORATION PROVIDES QUALITY MEDICAL AND SURGICAL SERVICES REGARDLESS OF THE PATIENT'S RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. IN FISCAL YEAR 2022, THE HOSPITAL PROVIDED 11,777 DAYS OF INPATIENT CARE TO 2,487 ACUTE PATIENTS; 2,569 DAYS OF INPATIENT REHABILITATIVE CARE TO 227 PATIENTS; 9 DAYS OF CARE TO 1 SKILLED NURSING PATIENT; 1,375 DAYS OF INPATIENT GERIATRIC PSYCH TO 82 GERIATRIC PATIENTS; AND 61,854 OUTPATIENT SERVICE VISITS.
DIETARY SERVICES - NEWTON HEALTHCARE CORPORATION MAINTAINS A HOSPITAL CAFETERIA FOR THE BENEFIT OF PATIENTS AND THEIR FAMILIES AND AS A CONVENIENCE TO ITS EMPLOYEES. IN ADDITION, 27,102 MEALS WERE PREPARED AND SOLD AT COST TO NEWTON MEALS ON WHEELS, A NONPROFIT ORGANIZATION. THIS PROGRAM PROVIDES MEALS TO COMMUNITY RESIDENTS UNABLE TO PREPARE THEIR OWN MEALS DUE TO MEDICAL CONDITIONS.
COMMUNITY SERVICES - NEWTON HEALTHCARE CORP OFFERS A NUMBER OF PROGRAMS AND SERVICES TO THE COMMUNITY AT MINIMAL OR NO COST IN ORDER TO PROMOTE HEALTH AND WELLNESS. ACTUAL COSTS FOR THESE SERVICES ARE NOT SPECIFICALLY IDENTIFIABLE AND ARE INCLUDED AS PART OF PATIENT SERVICES. SUCH PROGRAMS AND SERVICES INCLUDE ORGANIZING AND PARTICIPATING IN COMMUNITY HEALTH FAIRS; LOW-COST PROSTATE CANCER SCREENING PROGRAM; CHILD SAFETY SEAT CLINIC; CO-SPONSOR AND PROVIDE MEETING SPACE FOR SUPPORT GROUPS; OFFER A SEMI-WEEKLY WELL-BABY CLINIC FOR INFANTS UP TO 12 MONTHS OF AGE AT NO COST; SPONSOR VARIOUS COMMUNITY EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Schmidt Vice Chair Of The Board | OfficerTrustee | 5 | $0 |
Marilyn Wilder Chair Of The Board | OfficerTrustee | 5 | $0 |
Richard Stinnett Treasurer | OfficerTrustee | 5 | $0 |
Christopher Conrade Secretary | OfficerTrustee | 5 | $0 |
John Morton Board Of Directors | Trustee | 5 | $0 |
Barth Hague Assistant Secretary | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qualivis Contract Labor | 6/29/22 | $1,699,523 |
Kansas Electric Electrical Contractor | 6/29/22 | $537,221 |
Eby Construction Construction | 6/29/22 | $805,592 |
Rehabcare Management Services | 6/29/22 | $462,413 |
Wray Roofing Roofing Services | 6/29/22 | $389,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $477,751 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,245 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $586,996 |
| Total Program Service Revenue | $99,655,338 |
| Investment income | $848,351 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,031,410 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $104,186,915 |
| 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. | $1,507,349 |
| Compensation of current officers, directors, key employees. | $919,849 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,985,654 |
| Pension plan accruals and contributions | $1,158,390 |
| Other employee benefits | $4,602,848 |
| Payroll taxes | $3,185,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $217,366 |
| Fees for services: Accounting | $43,702 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $130,872 |
| Fees for services: Other | $6,878,793 |
| Advertising and promotion | $69,445 |
| Office expenses | $729,290 |
| Information technology | $2,441,358 |
| Royalties | $0 |
| Occupancy | $1,119,549 |
| Travel | $38,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,362 |
| Interest | $599,670 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,085,700 |
| Insurance | $764,036 |
| All other expenses | $791,423 |
| Total functional expenses | $101,435,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,781,653 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,357,051 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $81,618 |
| Inventories for sale or use | $2,038,644 |
| Prepaid expenses and deferred charges | $2,480,888 |
| Net Land, buildings, and equipment | $44,551,089 |
| Investments—publicly traded securities | $45,898,340 |
| Investments—other securities | $168,152 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $584,703 |
| Total assets | $113,942,138 |
| Accounts payable and accrued expenses | $10,042,207 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $15,590,377 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $802,056 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,668,876 |
| Total liabilities | $28,103,516 |
| Net assets without donor restrictions | $85,719,964 |
| Net assets with donor restrictions | $118,658 |
| 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 | $113,942,138 |