Logan Health
- Assets
- $26.7m
- Revenue
- $18.9m
- Investments
- $2.9m
- Employees
- 623
- Location
- Kalispell, MT
- Founding
- 12/1982
- Data as of
- 03/2022
- EIN
- 81-0406485
Organization Overview
Logan Health is located in Kalispell, MT. The organization was established in 1982. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 03/2023, Logan Health employed 623 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Logan Health 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, Logan Health generated $18.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $7.8m during the year ending 03/2022. While expenses have increased by 4.3% 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 SUPPORT SERVICES FOR SUBSIDIARY TAX-EXEMPT ORGANIZATIONS OFFERING MEDICAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT SERVICES AND ADMINISTRATION FOR SUBSIDIARY TAX-EXEMPT ORGANIZATIONS FOCUSED ON OFFERING MEDICAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Lambrecht MD President & CEO | OfficerTrustee | 12.5 | $1,250,055 |
Stanley Makman MD Trustee | Trustee | 4 | $0 |
Adam Smith Trustee | Trustee | 4 | $0 |
Rhonda Swaney Chair | OfficerTrustee | 5 | $0 |
Michael Goguen Vice Chair | OfficerTrustee | 4 | $0 |
Carol Donaldson Trustee | Trustee | 4 | $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 | $18,903,417 |
| Investment income | $1,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$31,544 |
| 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 | $18,872,923 |
| 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. | $507,060 |
| Compensation of current officers, directors, key employees. | $507,060 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,850,742 |
| Pension plan accruals and contributions | $124,960 |
| Other employee benefits | $610,708 |
| Payroll taxes | $167,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,161 |
| Fees for services: Accounting | $16,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,763 |
| Advertising and promotion | $8,559 |
| Office expenses | $124,856 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $150,468 |
| Travel | $28,418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $368,297 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,079,456 |
| Insurance | $14,820 |
| All other expenses | $0 |
| Total functional expenses | $7,828,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $171,638 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $533,905 |
| 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 | $474,363 |
| Net Land, buildings, and equipment | $18,931,112 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,903,555 |
| Investments—program-related | $0 |
| Intangible assets | $2,135,537 |
| Other assets | $1,549,789 |
| Total assets | $26,700,399 |
| Accounts payable and accrued expenses | $18,310,897 |
| 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 | $12,195,117 |
| Unsecured mortgages and notes payable | $696,665 |
| Other liabilities | $78,535 |
| Total liabilities | $31,281,214 |
| Net assets without donor restrictions | -$4,580,815 |
| 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 | $26,700,399 |