Phillips County Retirement Corporation
- Assets
- $5.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 78
- Location
- Phillipsburg, KS
- Founding
- 06/1992
- Data as of
- 12/2021
- EIN
- 48-1101025
Organization Overview
Phillips County Retirement Corporation is located in Phillipsburg, KS. The organization was established in 1992. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Phillips County Retirement Corporation employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phillips County Retirement 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 12/2021, Phillips County Retirement Corporation generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 1.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NURSING HOME FOR THE ELDERLY THE ORGANIZATION OWNS AND OPERATES AN INTERMEDIATE CARE NURSING FACILITY FOR THE ELDERLY AND DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWNS AND OPERATES A 57 BED INTERMEDIATE CARE NURSING FACILITY FOR THE ELDERLY IN PHILLIPSBURG, KANSAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi Kuck Administrator | Officer | 40 | $136,863 |
Nathan Glendening Administrator | Officer | 40 | $94,635 |
Morris Engle Chairman | OfficerTrustee | 2 | $0 |
Eric Witmer Sec/treasurer | OfficerTrustee | 1 | $0 |
Joel Hiesterman Member | Trustee | 1 | $0 |
Sherri Baker Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $752,177 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,030 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $757,207 |
| Total Program Service Revenue | $2,651,426 |
| Investment income | $2,845 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,411,478 |
| 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. | $231,498 |
| Compensation of current officers, directors, key employees. | $231,498 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,532,349 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $245,249 |
| Payroll taxes | $158,746 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,404 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,862 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,183 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $174,730 |
| Insurance | $55,333 |
| All other expenses | $383,153 |
| Total functional expenses | $3,227,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,598 |
| Savings and temporary cash investments | $1,047,594 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,694 |
| 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 | $22,821 |
| Net Land, buildings, and equipment | $3,333,565 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $15,088 |
| Other assets | $180,700 |
| Total assets | $5,058,060 |
| Accounts payable and accrued expenses | $223,791 |
| Grants payable | $0 |
| Deferred revenue | $91,968 |
| Tax-exempt bond liabilities | $1,965,000 |
| 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 | $0 |
| Total liabilities | $2,280,759 |
| Net assets without donor restrictions | $2,777,301 |
| 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 | $5,058,060 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phillips County Retirement Corporation has recieved totaling $10,359.
| Awarding Organization | Amount |
|---|---|
Greater Northwest Kansas Community Foundation Bird City, KS PURPOSE: HUMAN SERVICES | $10,359 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunny Vista Living Center Colorado Springs, CO | $41,304,394 | $18,743,774 |
Crown Point Christian Village Inc St Louis, MO | $13,880,150 | $13,172,686 |
Spring River Christian Village Inc 3600 E Third St Louis, MO | $8,680,929 | $9,992,570 |
United Methodist Home Of Enid Inc Enid, OK | $6,879,064 | $13,679,398 |
St Pauls Home Kansas City, MO | $0 | $10,537,386 |
St Francis Nursing Center Colorado Springs, CO | $4,550,262 | $12,563,151 |
West Vue Inc West Plains, MO | $18,850,442 | $10,901,759 |
St Andrews At Francis Place St Louis, MO | $37,727,897 | $8,150,592 |
Pleasant View Home Inman, KS | $10,398,984 | $12,107,542 |
Ascension Living Borgess Place St Louis, MO | $11,590,868 | $10,479,902 |
Evergreen Living Innovations Inc Olathe, KS | $4,341,931 | $10,851,757 |
Maranatha Village Inc Springfield, MO | $23,364,004 | $11,540,019 |