Essentia Health Moose Lake
- Assets
- $57.8m
- Revenue
- $37.6m
- Investments
- $10.2m
- Employees
- 276
- Location
- Moose Lake, MN
- Founding
- Data as of
- 06/2022
- EIN
- 84-5099016
Organization Overview
Essentia Health Moose Lake is located in Moose Lake, MN. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Essentia Health Moose Lake employed 276 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Essentia Health Moose Lake 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, Essentia Health Moose Lake generated $37.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $40.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE CALLED TO MAKE A HEALTHY DIFFERENCE IN PEOPLE'S LIVES.
Describe the Organization's Program Activity:
ESSENTIA HEALTH MOOSE LAKE IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES. MORE SPECIFICALLY, ESSENTIA HEALTH MOOSE LAKE IS CREATED AND ORGANIZED TO OWN, MAINTAIN, OPERATE AND CONDUCT, DIRECTLY OR INDIRECTLY, AND TO ASSIST AND COORDINATE ACTIVITIES OF FACILITIES FOR HEALTH CARE, EDUCATION, AND CARE FOR THE AGED AND SOCIAL SERVICES, INCLUDING CHARITABLE CARE TO PERSONS UNABLE TO PAY.ESSENTIA HEALTH MOOSE LAKE HAS A 25-BED CRITICAL ACCESS HOSPITAL SERVING MOOSE LAKE AND ITS SURROUNDING COMMUNITIES. ESSENTIA HEALTH MOOSE LAKE IS A LEVEL IV TRAUMA CENTER AND AN ACUTE STROKE READY HOSPITAL. IT OFFERS EMERGENCY CARE 24 HOURS A DAY, SEVEN DAYS A WEEK, HOME HEALTH, AND BIRTHING SERVICES.ESSENTIA HEALTH MOOSE LAKE EMPLOYS APPROXIMATELY 145 FULL TIME EQUIVALENTS. THE HOSPITAL PROVIDED OVER 2,000 HOSPITAL PATIENT DAYS AND 23,000 OUTPATIENT VISITS DURING THE FISCAL YEAR ENDED JUNE 30, 2022. THE CLINIC HAD OVER 3,000 ENCOUNTERS DURING THE SAME TIME PERIOD.DURING THE FISCAL YEAR ENDED JUNE 30, 2022, ESSENTIA HEALTH MOOSE LAKE PROVIDED THE FOLLOWING COMMUNITY BENEFITS: $411,000 IN CHARITY CARE, $3.3 MILLION COSTS IN EXCESS OF MEDICAID PAYMENTS, AND $56,000 IN HEALTH PROFESSION EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Pryor MD Board President | OfficerTrustee | 1 | $0 |
Bradley Beard Board Secretary | OfficerTrustee | 2 | $0 |
Thomas Witt MD Administrator | Officer | 1 | $366,705 |
Kevin Boren Board Treasurer | OfficerTrustee | 1 | $0 |
Michael Larson Senior Vice President, Operations | Officer | 1 | $0 |
Michael Youso Administrator Thru 7/21 | Officer | 59 | $298,133 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $129 |
| Government grants | $1,315,370 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,161 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,326,660 |
| Total Program Service Revenue | $34,990,597 |
| Investment income | $178,144 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,670 |
| Net Gain/Loss on Asset Sales | $987,448 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,555,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,500 |
| 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. | $667,940 |
| Compensation of current officers, directors, key employees. | $667,940 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,888,923 |
| Pension plan accruals and contributions | $491,084 |
| Other employee benefits | $1,989,491 |
| Payroll taxes | $853,100 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,814 |
| Fees for services: Accounting | $3,515 |
| Fees for services: Lobbying | $487 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,572 |
| Fees for services: Other | $4,972,945 |
| Advertising and promotion | $17,235 |
| Office expenses | $1,769,037 |
| Information technology | $457,620 |
| Royalties | $0 |
| Occupancy | $697,755 |
| Travel | $106,904 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,780 |
| Interest | $974,625 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,014,522 |
| Insurance | $261,828 |
| All other expenses | $1,160,863 |
| Total functional expenses | $40,285,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $965,960 |
| Savings and temporary cash investments | $5,971,937 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,326,374 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $597,634 |
| Inventories for sale or use | $1,107,833 |
| Prepaid expenses and deferred charges | $75,690 |
| Net Land, buildings, and equipment | $32,313,999 |
| Investments—publicly traded securities | $37,362 |
| Investments—other securities | $10,152,641 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,220,869 |
| Total assets | $57,770,299 |
| Accounts payable and accrued expenses | $7,455,325 |
| Grants payable | $0 |
| Deferred revenue | $99,274 |
| 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 | $34,417,155 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,201,721 |
| Total liabilities | $44,173,475 |
| Net assets without donor restrictions | $13,596,824 |
| 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 | $57,770,299 |
Grants Awarded
Over the last fiscal year, Essentia Health Moose Lake has awarded $37,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HUNGER SOLUTIONS MINNESOTA PURPOSE: PROGRAM SUPPORT | $7,500 |
MOOSE LAKE COMMUNITY SCHOOLS PURPOSE: PROGRAM SUPPORT | $30,000 |