Salina Regional Health Properties Inc
- Assets
- $5.8m
- Revenue
- $1.7m
- Investments
- $2.9m
- Employees
- 0
- Location
- Salina, KS
- Founding
- 12/1994
- Data as of
- 09/2021
- EIN
- 48-1154675
Organization Overview
Salina Regional Health Properties Inc is located in Salina, KS. The organization was established in 1994. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., 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. Salina Regional Health Properties Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 09/2021, Salina Regional Health Properties Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.3m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 6 years. 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
OWN AND OPERATE MEDICAL OFFICE BUILDINGS FOR A SECTION 501(C)(3) ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWN AND OPERATE MEDICAL OFFICE BUILDINGS FOR A SECTION 501(C)(3) ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morrie Soderberg President | OfficerTrustee | 1.5 | $0 |
Joe Tallon Vice President; CFO - Srhc | OfficerTrustee | 1.5 | $0 |
Joel Phelps Treasurer; President - Srhc | OfficerTrustee | 1.5 | $0 |
Mark Ritter Board Treasurer | OfficerTrustee | 1.5 | $0 |
Keir Swisher Secretary; Physician - Srhc | OfficerTrustee | 1.5 | $0 |
Robert Freelove Former Director; Cmo - Srhc | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,703,617 |
| Investment income | $4,485 |
| 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 | $1,708,102 |
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,148 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $152,560 |
| Advertising and promotion | $0 |
| Office expenses | $51,987 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $210,157 |
| Travel | $0 |
| 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 | $446,497 |
| Insurance | $7,300 |
| All other expenses | $933 |
| Total functional expenses | $1,341,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,960 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,465 |
| 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 | $2,222 |
| Net Land, buildings, and equipment | $2,821,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,943,455 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,800,029 |
| Accounts payable and accrued expenses | $120,656 |
| 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 | $387,094 |
| Total liabilities | $507,750 |
| Net assets without donor restrictions | $5,292,279 |
| 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 | $5,800,029 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adventhealth South Overland Park Inc Overland Park, KS | $169,073,602 | $4,112,859 |
Nextfifty Initiative Denver, CO | $264,860,664 | $19,564,011 |
National Fund For Christian Science Nursing Overland Park, KS | $10,483,266 | $9,902,486 |
Ascension Via Christi Property Services Inc St Louis, MO | $48,442,586 | $6,830,213 |
Immanuel Home & Community Resources Omaha, NE | $6,515,187 | $2,989,245 |
Dhha Omc Qalicb Inc Denver, CO | $20,932,285 | $2,388,531 |
Skaggs Foundation Branson, MO | $49,386,738 | $7,551,223 |
Kansas Healthcare Collaborative Inc Topeka, KS | $2,257,795 | $1,843,219 |
Childrens Hospital Colorado Health System Aurora, CO | $1,154,803,891 | $8,084,997 |
Kvc Foundation Inc Olathe, KS | $20,210,495 | $4,054,495 |
Salina Regional Health Properties Inc Salina, KS | $5,800,029 | $1,708,102 |
Central Plains Health Care Partnership Wichita, KS | $719,837 | $1,283,496 |