Cabinet Peaks Medical Center

Organization Overview

Cabinet Peaks Medical Center is located in Libby, MT. The organization was established in 1944. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 03/2022, Cabinet Peaks Medical Center employed 324 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cabinet Peaks Medical Center 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 03/2022, Cabinet Peaks Medical Center generated $47.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $40.7m during the year ending 03/2022. While expenses have increased by 4.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

HEALTHCARE SERVICES

Describe the Organization's Program Activity:

Part 3 - Line 4a

CABINET PEAKS MEDICAL CENTER OPERATES A 25-BED CRITICAL ACCESS HOSPITAL PROVIDING MEDICAL SERVICES TO THE RESIDENTS OF LINCOLN COUNTY. DUE TO THE REMOTE LOCATION OF LINCOLN COUNTY, CABINET PEAKS SERVES A CRITICAL ROLE IN CARING FOR THE MEDICAL NEEDS OF ITS COMMUNITY, AS THE NEXT CLOSEST EMERGENCY ROOM IS OVER 50 MILES AWAY AND THE NEAREST REGIONAL HOSPITAL IS 90 MILES AWAY. AS SUCH CABINET PEAKS MAKES IT A PRIORITY TO PROVIDE AN INTENSIVE CARE UNIT, 24/7 EMERGENCY SERVICES, BIRTHING SERVICES, AND EXTENSIVE SURGERY SERVICES. CABINET PEAKS ALSO OFFERS A COMPLEMENT OF OUTPATIENT SERVICES, INCLUDING PRIMARY CARE AND OB/GYN SERVICES, A VARIETY OF REHAB AND THERAPY SERVICES, INFUSION AND CHEMOTHERAPY, IMAGING, AND LAB. CONTINUED ON SCHEDULE O.PATIENTS OFTEN DO NOT HAVE THE LUXURY OF TIME OR MONEY OR THE PHYSICAL STRENGTH NECESSARY TO MAKE THE 90-MILE TRIP TO KALISPELL TO RECEIVE THESE SERVICES, WHICH IS WHY CABINET PEAKS RECOGNIZES THE VALUE OF PROVIDING THESE SERVICES CLOSE TO HOME.IN FISCAL YEAR 2022, CABINET PEAKS MEDICAL CENTER PROVIDED SERVICES TO 10,538 UNIQUE PATIENTS AMOUNTING TO A TOTAL OF 18,242 ADJUSTED PATIENT DAYS. 1,148 SURGICAL CASES WERE PERFORMED. ADDITIONALLY, CABINET PEAKS MEDICAL CENTER DELIVERED 92 BABIES DURING FISCAL YEAR 2022. AS LINCOLN COUNTY CONSISTENTLY HAS ONE OF THE TOP UNEMPLOYMENT RATES IN THE STATE AND IS AN ECONOMICALLY DEPRESSED AREA, MANY OF CABINET PEAKS' PATIENTS ARE UNINSURED OR UNDERINSURED, MEANING CABINET PEAKS PROVIDES A SIGNIFICANT AMOUNT OF UNCOMPENSATED CARE. THE HOSPITAL PROVIDES HEALTH CARE SERVICES TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ESTABLISHED RATES. SINCE THE HOSPITAL DOES NOT PURSUE COLLECTION OF THESE AMOUNTS, THEY ARE NOT REPORTED AS PATIENT SERVICE REVENUE. THE AMOUNTS OF CHARGES FORGONE, BASED ON ESTABLISHED RATES, WERE $524,547 AND $551,359 DURING THE YEARS ENDED MARCH 31, 2022, AND 2021, RESPECTIVELY. THE ESTIMATED COST OF PROVIDING THESE SERVICES WAS APPROXIMATELY $289,000 AND $304,000 FOR THE YEARS ENDED MARCH 31, 2022 AND 2021, RESPECTIVELY, CALCULATED BY MULTIPLYING THE RATIO OF COST TO GROSS CHARGES FOR THE HOSPITAL BY THE GROSS UNCOMPENSATED CHARGES ASSOCIATED WITH PROVIDING CHARITY CARE TO ITS PATIENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Bruce Whitfield
CEO Thru Feb
$471,040
Mark Serra
Physician
$404,103
Lance Ercanbrack
Surgeon
$372,870
Mark Harding
Physician
$325,014
Kathryn Cockerham
Physician
$322,340
Brian Bell
Ob/gyn, Cmo
$278,260

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Logan Health (Krmc)
Software Maintenance And Support
$1,881,350
Cardinal Health Pharmacy Svcs
Pharmacy Management Svcs
$776,928
Psychiatric Medical Care Llc
Management Fees, Contracting Staff
$358,790
Medical Solutions
Contract Staffing
$663,478
Hamilton Staffing Solutions Inc
Contract Staffing
$431,260
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$11,929
Government grants $3,084,300
All other contributions, gifts, grants, and similar amounts not included above$998,710
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,094,939
Total Program Service Revenue$43,025,240
Investment income $230,675
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$36,024
Net Gain/Loss on Asset Sales $55,255
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $47,370,085

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Cabinet Peaks Medical Center has recieved totaling $1,300.

Awarding OrganizationAmount
Shell Oil Company Foundation

Houston, TX

PURPOSE: MG

$1,300
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,789,774
Earnings$86,906
Admin Expense$10,271
Net Contributions$2,347
Ending Balance$1,868,756

Peer Organizations

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