Hutchinson Health
- Assets
- $96.4m
- Revenue
- $95.5m
- Investments
- $30.0m
- Employees
- 673
- Location
- Hutchinson, MN
- Founding
- 02/2007
- Data as of
- 12/2022
- 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 12/2022, Hutchinson Health employed 673 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 12/2022, Hutchinson Health generated $95.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $90.5m during the year ending 12/2022. While expenses have increased by 0.4% 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
2022
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.
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 |
|---|---|---|---|
David Maher DPM Jan Chair | OfficerTrustee | 2 | $0 |
David Radloff Jan-Dec Vice Chair | OfficerTrustee | 1 | $0 |
Kurt W Juergensen Treasurer | OfficerTrustee | 1 | $0 |
Daniel Mahon Director | Trustee | 1 | $0 |
Scott A Staples MD Chair | OfficerTrustee | 1 | $0 |
Mark R Sannes MD Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Orthopedic & Fracture Clinic Pa Provide Orthopedic Physicians | 12/30/22 | $1,306,903 |
Hutchinson Health Physicians Pa Provide Clinic Physicians | 12/30/22 | $9,999,092 |
Central Minnesota Diagnostics Inc Diagnostic Services | 12/30/22 | $1,017,491 |
Emergency Physicians Professional Assoc Emergency Medicine | 12/30/22 | $890,000 |
Core Staffing Staffing Services | 12/30/22 | $292,842 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $134,851 |
| Government grants | $123,030 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,126 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $266,007 |
| Total Program Service Revenue | $92,707,172 |
| Investment income | $2,110,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $265,784 |
| 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 | $92,325 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,451,677 |
| 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. | $938,307 |
| Compensation of current officers, directors, key employees. | $938,307 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,126,991 |
| Pension plan accruals and contributions | $2,349,631 |
| Other employee benefits | $1,601,729 |
| Payroll taxes | $5,593,782 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,156 |
| Fees for services: Accounting | $38,252 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,154,712 |
| Advertising and promotion | $253,224 |
| Office expenses | $868,315 |
| Information technology | $282,745 |
| Royalties | $0 |
| Occupancy | $1,349,296 |
| Travel | $13,386 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,887 |
| Interest | $504,443 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,322,855 |
| Insurance | $205,079 |
| All other expenses | $78,905 |
| Total functional expenses | $90,496,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,061,235 |
| Savings and temporary cash investments | $187,486 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,532,871 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,634,309 |
| Prepaid expenses and deferred charges | $421,537 |
| Net Land, buildings, and equipment | $27,583,873 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $30,007,634 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $96,428,945 |
| Accounts payable and accrued expenses | $12,096,814 |
| Grants payable | $0 |
| Deferred revenue | $106,194 |
| 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 | $9,975,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,189,237 |
| Total liabilities | $23,367,245 |
| Net assets without donor restrictions | $73,061,700 |
| 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 | $96,428,945 |