Northern Rockies Medical Center Dba Logan Health Cut Bank
- Assets
- $10.4m
- Revenue
- $12.8m
- Investments
- $49.4k
- Employees
- 127
- Location
- Kalispell, MT
- Founding
- 11/2000
- Data as of
- 03/2023
- EIN
- 81-0530457
Organization Overview
Northern Rockies Medical Center Dba Logan Health Cut Bank, operating under the name Logan Health - Cut Bank, is located in Kalispell, MT. The organization was established in 2000. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 03/2023, Logan Health - Cut Bank employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Logan Health - Cut Bank 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 03/2023, Logan Health - Cut Bank generated $12.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $11.8m during the year ending 03/2023. While expenses have increased by 2.7% per year over the past 8 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
LOGAN HEALTH - CUT BANK PROVIDES QUALITY HEALTHCARE THAT SERVES OUR COMMUNITIES IN A PRIVATE, SAFE, AND CARING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOGAN HEALTH CUT BANK IS A 20-BED 501(C)(3), NON-PROFIT COMMUNITY CRITICAL ACCESS HOSPITAL LOCATED IN CUT BANK, MONTANA. THE HOSPITAL SERVES GLACIER COUNTY AND SURROUNDING COMMUNITIES PROVIDING EMERGENCY CARE, ACUTE CARE, SKILLED SWING BED SERVICES, OUTPATIENT DIAGNOSTIC AND THERAPY SERVICES, PRIMARY CARE, ENDOSCOPY AND OTHER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Clay MD Trustee | Trustee | 50 | $357,809 |
Rick Billman Chair | OfficerTrustee | 1 | $0 |
Lon Peterson Vice Chair | OfficerTrustee | 0.75 | $0 |
Joyce Lewis Secretary | OfficerTrustee | 0.5 | $0 |
Gail Davis Trustee | Trustee | 0.75 | $0 |
Richard Gannon Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Logan Health Contract Services | 3/30/22 | $644,158 |
Evident Eletronic Health Record | 3/30/22 | $322,050 |
Cardinal Health Pharmaceutical Pharmaceuticals | 3/30/22 | $259,803 |
John Hancock Retirement Plan Retirement Plan Services | 3/30/22 | $209,484 |
Signature Staff Contract Staffing | 3/30/22 | $207,794 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,412 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,156 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,568 |
| Total Program Service Revenue | $12,322,483 |
| Investment income | $5,792 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,600 |
| 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 | $12,776,576 |
| 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. | $843,270 |
| Compensation of current officers, directors, key employees. | $843,270 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,574,837 |
| Pension plan accruals and contributions | $248,697 |
| Other employee benefits | $642,719 |
| Payroll taxes | $372,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,959 |
| 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 | $2,089,298 |
| Advertising and promotion | $13,058 |
| Office expenses | $30,134 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $433,853 |
| Travel | $30,224 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,992 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $313,013 |
| Insurance | $140,284 |
| All other expenses | $117,855 |
| Total functional expenses | $11,794,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,131,004 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,092,392 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $269,040 |
| Prepaid expenses and deferred charges | $48,731 |
| Net Land, buildings, and equipment | $2,020,569 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $49,417 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,781,337 |
| Total assets | $10,392,490 |
| Accounts payable and accrued expenses | $1,136,224 |
| 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 | $176,580 |
| Total liabilities | $1,312,804 |
| Net assets without donor restrictions | $9,079,686 |
| 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 | $10,392,490 |