Hutchinson Health
- Assets
- $100.9m
- Revenue
- $98.9m
- Investments
- $21.5m
- Employees
- 694
- Location
- Hutchinson, MN
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 84-1715908
Organization Overview
Hutchinson Health is located in Hutchinson, MN. The organization was established in 2007. 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 12/2021, Hutchinson Health employed 694 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hutchinson 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 12/2021, Hutchinson Health generated $98.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $83.9m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING HEALTH WITH OUR COMMUNITY OF HUTCHINSON, MINNESOTA AND THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O - EXEMPT PURPOSE AND ACHIEVEMENTS FOR A DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Khalid A Kambal Oncologist | 40 | $523,002 | |
Steven F Sonnek Psychiatrist | 60 | $456,427 | |
Lavanya X Bhoopathy Med/sur Hospitalist | 40 | $416,932 | |
Navin X Natarajan Psychiatrist | 50 | $390,734 | |
William H Avery Ent | 40 | $386,936 | |
Pamela J Larson VP & CFO | Officer | 55 | $208,645 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hutchinson Health Physicians Pa Provide Clinic Physicians | 12/30/21 | $10,077,567 |
Orthopedic & Fracture Clinic Pa Provide Orthopedic Physicians | 12/30/21 | $1,175,003 |
Foster Mechanical Inc Mechanical Repairs | 12/30/21 | $220,101 |
Central Minnesota Diagnostics Inc Diagnostic Services | 12/30/21 | $1,057,763 |
Michael Heck Psychiatrist | 12/30/21 | $248,980 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $54,296 |
| Government grants | $1,374,452 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,027 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,433,775 |
| Total Program Service Revenue | $91,085,277 |
| Investment income | $1,331,233 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $305,430 |
| Net Gain/Loss on Asset Sales | $4,689,091 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $78,712 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $98,923,627 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,565 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $715,175 |
| Compensation of current officers, directors, key employees. | $715,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,560,653 |
| Pension plan accruals and contributions | $1,438,760 |
| Other employee benefits | $3,885,059 |
| Payroll taxes | $2,254,210 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,499 |
| Fees for services: Accounting | $23,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,346,849 |
| Advertising and promotion | $225,276 |
| Office expenses | $861,437 |
| Information technology | $683,389 |
| Royalties | $0 |
| Occupancy | $1,293,366 |
| Travel | $13,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,825 |
| Interest | $478,934 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,201,802 |
| Insurance | $301,379 |
| All other expenses | $67,452 |
| Total functional expenses | $83,878,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,248,792 |
| Savings and temporary cash investments | $1,455,779 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,270,321 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,731,566 |
| Prepaid expenses and deferred charges | $585,876 |
| Net Land, buildings, and equipment | $28,146,303 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $21,493,934 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $100,932,571 |
| Accounts payable and accrued expenses | $13,117,274 |
| Grants payable | $0 |
| Deferred revenue | $4,323,624 |
| 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 | $10,675,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,118,438 |
| Total liabilities | $29,234,336 |
| Net assets without donor restrictions | $71,698,235 |
| 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 | $100,932,571 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hutchinson Health has recieved totaling $61,296.
| Awarding Organization | Amount |
|---|---|
Hutchinson Health Foundation Hutchinson, MN PURPOSE: PRGRAM SUPPORT INCLULDING CANCER CENTER, INPATIENT CARE, PEDIATRIC REHAB AND WELLNESS. | $54,296 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Cloud Hospital St Cloud, MN | $1,702,572,092 | $1,117,982,242 |
Monument Health Rapid City Hospital Inc Rapid City, SD | $1,522,340,119 | $951,840,989 |
Regions Hospital Minneapolis, MN | $1,151,249,927 | $936,558,758 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
North Memorial Health Care Robbinsdale, MN | $764,114,547 | $789,881,568 |
Mercy Health System Corporation Janesville, WI | $590,598,309 | $634,611,105 |
Smdc Medical Center Duluth, MN | $1,099,340,280 | $663,367,068 |
St Vincent Hospital-Hospital Sisters-Third Order Of St Francis Green Bay, WI | $911,771,001 | $646,081,418 |
Altru Health System Grand Forks, ND | $1,039,192,012 | $613,611,037 |
Aspirus Wausau Hospital Inc Wausau, WI | $652,843,423 | $674,491,769 |
Bellin Memorial Hospital Inc Green Bay, WI | $753,402,442 | $606,556,735 |