Portneuf Health Trust
- Assets
- $171.8m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Pocatello, ID
- Founding
- 03/2003
- Data as of
- 12/2022
- EIN
- 48-1289745
Organization Overview
Portneuf Health Trust is located in Pocatello, ID. The organization was established in 2003. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Portneuf Health Trust employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portneuf Health Trust 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 12/2022, Portneuf Health Trust generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Portneuf Health Trust has awarded 46 individual grants totaling $18,875,746. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE THE HEALTH OF CITIZENS THROUGHOUT EASTERN IDAHO BY SUPPORTING QUALITY MEDICAL SERVICES, AND THROUGH THE DELIVERY OF WELLNESS AND PREVENTION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PORTNEUF HEALTH TRUST (PHT) IS DEDICATED TO ENSURE THE COMMUNITY HOSPITAL BENEFIT OF PORTNEUF MEDICAL CENTER AND TO INVEST INCOME FROM THAT PARTNERSHIP INTO COMMUNITY HEALTH INITIATIVES. AREAS OF FOCUS ARE ON CREATING GREATER ACCESS TO HEALTH CARE FOR THE POOR AND UNDERSERVED IN OUR REGION AND PROVIDING BETTER HEALTH CARE TECHNOLOGY AND HEALTH EDUCATION TO THE REGION. PHT ALSO INVESTS IN PHYSICAL INFRASTRUCTURE TO PROMOTE HEALTH SUCH AS THE PORTNEUF GREENWAY, AN ALL-ACCESS REGIONAL PLAYGROUND FOR CHILDREN TO PLAY AND INCREASE THEIR MENTAL AND PHYSICAL WELL-BEING, AND THE PORTNEUF WELLNESS COMPLEX. ALSO, THE FOUNDATION INVESTS IN EQUIPMENT, TECHNOLOGY, AND BRICKS AND MORTAR FOR HEALTH WEST, A FEDERALLY QUALIFIED HEALTH CLINIC, AND PROGRAMS FOR IDAHO STATE UNIVERSITY'S FAMILY PRACTICE RESIDENCY, CANCER PATIENT ASSISTANCE FUND, AND A FUN-FUND FOR CANCER PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shaun Menchaca Executive Di | Officer | 40 | $274,217 |
Mark Buckalew Board Chairm | OfficerTrustee | 14 | $0 |
Mike Callahan Board Member | Trustee | 14 | $0 |
Tom F Dial Secretary | OfficerTrustee | 14 | $0 |
Susan Gibbens Vice Chairma | OfficerTrustee | 14 | $0 |
Phil Joslin Treasurer | OfficerTrustee | 14 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,080 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,219 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,299 |
| Total Program Service Revenue | $19,482,633 |
| Investment income | -$16,150,649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$199 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,443,084 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,328,366 |
| Grants and other assistance to domestic individuals. | $5,569 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $274,217 |
| Compensation of current officers, directors, key employees. | $274,217 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,279 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $128,432 |
| Payroll taxes | $55,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $170,280 |
| 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 | $229,018 |
| Advertising and promotion | $0 |
| Office expenses | $55,020 |
| Information technology | $4,613 |
| Royalties | $0 |
| Occupancy | $360,876 |
| Travel | $8,239 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $68,115 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $700,715 |
| Insurance | $48,660 |
| All other expenses | $2,335 |
| Total functional expenses | $4,056,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,642,128 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,016,831 |
| 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 | $18,462 |
| Net Land, buildings, and equipment | $32,023,386 |
| Investments—publicly traded securities | $89,458,563 |
| Investments—other securities | $0 |
| Investments—program-related | $39,649,616 |
| Intangible assets | $4,953 |
| Other assets | $0 |
| Total assets | $171,813,939 |
| Accounts payable and accrued expenses | $464,505 |
| 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 | $800,565 |
| Total liabilities | $1,265,070 |
| Net assets without donor restrictions | $170,000,403 |
| Net assets with donor restrictions | $548,466 |
| 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 | $171,813,939 |
Grants Awarded
Over the last fiscal year, Portneuf Health Trust has awarded $1,323,366 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BANNOCK COUNTY PURPOSE: WELLNESS COMPLEX | $97,492 |
CITY OF POCATELLO PURPOSE: SUBSTAINABILITY GRAN | $17,567 |
BANNOCK DEVELOPMENT CORPORATION PURPOSE: SUBSTAINABILITY GRAN | $25,000 |
BADGER INC PURPOSE: SUBSTAINABILITY GRAN | $122,337 |
HEALTH WEST INC PURPOSE: SUBSTAINABILITY GRAN | $318,707 |
POCATELLO FREE CLINIC PURPOSE: SUBSTAINABILITY GRAN | $65,061 |