Sheridan Memorial Hospital Association
- Assets
- $10.7m
- Revenue
- $16.1m
- Investments
- $0.0
- Employees
- 193
- Location
- Plentywood, MT
- Founding
- 08/1956
- Data as of
- 06/2022
- EIN
- 81-0243720
Organization Overview
Sheridan Memorial Hospital Association is located in Plentywood, MT. The organization was established in 1956. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Sheridan Memorial Hospital Association employed 193 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheridan Memorial Hospital Association 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 06/2022, Sheridan Memorial Hospital Association generated $16.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $16.8m during the year ending 06/2022. While expenses have increased by 4.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE QUALITY CARE TO IMPROVE THE HEALTH AND WELL-BEING OF THE PEOPLE AND COMMUNITY WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHERIDAN MEMORIAL HOSPITAL ASSOCIATION OPERATES A 19-BED CRITICAL ACCESS HOSPITAL, A 45-BED LONG-TERM CARE FACILITY, AND A RURAL HEALTH CLINIC THAT BENEFIT THE PEOPLE IN THE SURROUNDING AREA. SMHA IS THE ONLY MEDICAL FACILITY IN SHERIDAN COUNTY, WHICH HAS A POPULATION OF APPROXIMATELY 3,500 RESIDENTS. HIGHLIGHTS OF THE ORGANIZATION'S ACCOMPLISHMENTS DURING FY22 ARE INCLUDED BELOW:THE CRITICAL ACCESS HOSPITAL PURCHASED NEW MINDRAY MONITORS DURING THE YEAR TO IMPROVE THE ABILTITY TO PROVIDE CONTINUOUS CARDIAC MONITORING, CO2 MONITORING, AND HAVE THE TEMPERATURE SENSING FOLEY. THIS NEW SYSTEM REPLACES THE OLD SYSTEM PUT IN PLACE DURING 2011. CONTINUED ON SCHEDULE O. THE EMERGENCY MEDICAL SERVICES DEPARTMENT MADE EQUIPMENT PURCHASES AND IMPLEMENTED CHANGES TO IMPROVE PATIENT CARE AND CERTAIN PROCESSES. FOR EXAMPLE, EMS PURCHASED A NEW AMBULANCE WITH DELIVERY EXPECTED IN FALL OF 2023 AND ASSISTED IN THE CREATION OF A SNOW REMOVAL PLAN FOR THE AIRPORT TO AIDE IN FLYING OUT CRITICALLY SICK AND INJURED PATIENTS TO HIGHER LEVELS OF CARE.VOLUME INDICATORS FOR THE FISCAL YEAR ARE AS FOLLOWS: ACUTE CARE INPATIENT ADMISSIONS - 108ED VISITS - 1,049SWING BED PATIENTS - 97LONG-TERM CARE ADMISSIONS - 20HOME CARE VISITS - 2,811HOSPICE - 412CLINIC VISITS - 7,842
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 |
|---|---|---|---|
Don Benson Chair | OfficerTrustee | 1 | $0 |
Myrnette Miller Vice Chair | OfficerTrustee | 1 | $0 |
Joan Tommerup Secretary | OfficerTrustee | 1 | $0 |
Nancy Jensen Director | Trustee | 1 | $0 |
Bev Johnson Director | Trustee | 1 | $0 |
Paul Hanson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sletten Construction Ct/lab Remodel | 6/29/22 | $1,126,600 |
Billings Clinic Mgmt, Ceo, Acgt, Lab, Radiology, Is Supp | 6/29/22 | $784,740 |
Wilderness Heating And Air Projects And Contracts | 6/29/22 | $305,452 |
Badlands Travel Rn, Lpn, Can | 6/29/22 | $299,037 |
Cerner Corporation Emr | 6/29/22 | $238,981 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $188,815 |
| Government grants | $380,351 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,483 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $594,649 |
| Total Program Service Revenue | $15,411,919 |
| Investment income | $13,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,453 |
| Net Gain/Loss on Asset Sales | $79,301 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,110,911 |
| 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 | $6,683,870 |
| Pension plan accruals and contributions | $143,284 |
| Other employee benefits | $893,748 |
| Payroll taxes | $489,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,689 |
| Fees for services: Accounting | $29,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,978,473 |
| Advertising and promotion | $56,877 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $391,370 |
| Travel | $12,064 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $86,397 |
| Interest | $45,786 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $587,833 |
| Insurance | $165,543 |
| All other expenses | $353,073 |
| Total functional expenses | $16,765,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,682,418 |
| Savings and temporary cash investments | $1,615,550 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,963,619 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $256,787 |
| Prepaid expenses and deferred charges | $195,920 |
| Net Land, buildings, and equipment | $4,585,508 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $433,827 |
| Total assets | $10,733,629 |
| Accounts payable and accrued expenses | $2,041,628 |
| Grants payable | $0 |
| Deferred revenue | $562,529 |
| 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 | $671,731 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $446,927 |
| Total liabilities | $3,722,815 |
| Net assets without donor restrictions | $7,007,614 |
| Net assets with donor restrictions | $3,200 |
| 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 | $10,733,629 |