Gracemed Health Clinic Inc
- Assets
- $52.4m
- Revenue
- $32.7m
- Investments
- $1.9m
- Employees
- 443
- Location
- Wichita, KS
- Founding
- 05/1995
- Data as of
- 12/2023
- EIN
- 48-1159633
Organization Overview
Gracemed Health Clinic Inc is located in Wichita, KS. The organization was established in 1995. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2023, Gracemed Health Clinic Inc employed 443 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gracemed Health Clinic Inc 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 12/2023, Gracemed Health Clinic Inc generated $32.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $30.3m during the year ending 12/2023. While expenses have increased by 9.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SHOW AND SHARE THE LOVE OF JESUS CHRIST BY PROVIDING COMPASSIONATE, ACCESSIBLE, HIGH-QUALITY HEALTH CARE FOR RESIDENTS IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING PRIMARY HEALTH AND DENTAL CARE TO KANSANS WITHOUT HEALTH INSURANCE OR ADEQUATE FINANCIAL RESOURCES TO SECURE TRADITIONAL HEALTH CARE SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Stephen Board President | OfficerTrustee | 4 | $0 |
Lazaro Vasquez Board Vice-President | OfficerTrustee | 4 | $0 |
Marlon King Treasurer | OfficerTrustee | 4 | $0 |
Julie Hedrick Secretary | OfficerTrustee | 4 | $0 |
Frank Choriego Board Member | Trustee | 4 | $0 |
Morley Healy Board Member | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eby Construction Co Construction | 12/30/23 | $1,954,182 |
Hga Inc Advertising | 12/30/23 | $1,228,981 |
Wray Roofing Inc Building Repairs | 12/30/23 | $158,750 |
P & E Building Services Llc Janitorial Service And Supplies | 12/30/23 | $178,590 |
Kaylor Dental Lab Inc Dental Lab | 12/30/23 | $144,469 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $33,144 |
| Related organizations | $0 |
| Government grants | $12,781,277 |
| All other contributions, gifts, grants, and similar amounts not included above | $548,332 |
| Noncash contributions included in lines 1a–1f | $1,677,405 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,362,753 |
| Total Program Service Revenue | $18,307,219 |
| Investment income | $1,124,002 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$148,462 |
| Net Income from Fundraising Events | $10,871 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,717,166 |
| 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. | $969,639 |
| Compensation of current officers, directors, key employees. | $210,704 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,844,040 |
| Pension plan accruals and contributions | $214,373 |
| Other employee benefits | $2,174,106 |
| Payroll taxes | $1,222,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $396 |
| Fees for services: Accounting | $114,736 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $83,735 |
| Fees for services: Other | $883,132 |
| Advertising and promotion | $1,207,543 |
| Office expenses | $443,240 |
| Information technology | $313,749 |
| Royalties | $0 |
| Occupancy | $720,180 |
| Travel | $162,337 |
| 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 | $1,189,915 |
| Insurance | $138,533 |
| All other expenses | $193,997 |
| Total functional expenses | $30,293,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,082 |
| Savings and temporary cash investments | $17,240,326 |
| Pledges and grants receivable | $313,227 |
| Accounts receivable, net | $1,091,856 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,523 |
| Prepaid expenses and deferred charges | $140,420 |
| Net Land, buildings, and equipment | $16,779,402 |
| Investments—publicly traded securities | $11,887,910 |
| Investments—other securities | $1,886,992 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,038,400 |
| Total assets | $52,405,138 |
| Accounts payable and accrued expenses | $2,443,024 |
| Grants payable | $0 |
| Deferred revenue | $664,409 |
| 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 | $635,187 |
| Total liabilities | $3,742,620 |
| Net assets without donor restrictions | $48,530,188 |
| Net assets with donor restrictions | $132,330 |
| 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 | $52,405,138 |