Hatch Area Medical Center Foundation
- Assets
- $23.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Hatch, NM
- Founding
- 10/1988
- Data as of
- 03/2023
- EIN
- 85-0360846
Organization Overview
Hatch Area Medical Center Foundation is located in Hatch, NM. The organization was established in 1988. 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 03/2023, Hatch Area Medical Center Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hatch Area Medical Center Foundation 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, Hatch Area Medical Center Foundation generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.5m during the year ending 03/2023. 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
SUPPORT OF HEALTH CARE AND PROVISION OF AMBULANCE SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND SUPPORT OF BEN ARCHER HEALTH CENTER INC., A RURAL PRIMARY MEDICAL CENTER LOCATED IN HATCH, NEW MEXICO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Romelia Lujan President | Officer | 0 | $0 |
Estella Gonzalez Vice President | Officer | 2 | $0 |
Ashley Mitchell Member | Officer | 2 | $0 |
Mary Alice Garay Executive Director | 40 | $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 | $1,618,165 |
| Investment income | $4,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,622,737 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,647 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,031 |
| Payroll taxes | $11,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $3,600 |
| Advertising and promotion | $0 |
| Office expenses | $6,854 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $503,158 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $468,644 |
| Insurance | $19,854 |
| All other expenses | $14,685 |
| Total functional expenses | $1,478,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,621,814 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $155,168 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,437 |
| Prepaid expenses and deferred charges | $25,618 |
| Net Land, buildings, and equipment | $17,559,036 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,066,918 |
| Total assets | $23,430,991 |
| Accounts payable and accrued expenses | $32,355 |
| 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 | $13,749,765 |
| Other liabilities | $0 |
| Total liabilities | $13,782,120 |
| Net assets without donor restrictions | $9,581,763 |
| Net assets with donor restrictions | $67,108 |
| 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 | $23,430,991 |