Hatch Area Medical Center Foundation
- Assets
- $23.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Hatch, NM
- Founding
- 10/1988
- Data as of
- 03/2022
- 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 03/2022, Hatch Area Medical Center Foundation employed 6 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 03/2022, Hatch Area Medical Center Foundation generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.3m during the year ending 03/2022. While expenses have increased by 1.8% per year over the past 7 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
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.
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 |
|---|---|---|---|
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 | $2,221,386 |
| Investment income | $1,181 |
| 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 | $2,222,567 |
| 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 | $179,925 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,750 |
| 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 | $6,987 |
| 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 | $480,727 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $468,826 |
| Insurance | $28,872 |
| All other expenses | $2,624 |
| Total functional expenses | $1,338,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,339,024 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,576 |
| 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 | $68,434 |
| Net Land, buildings, and equipment | $18,027,680 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,214,896 |
| Total assets | $23,724,047 |
| Accounts payable and accrued expenses | $20,376 |
| 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 | $14,196,133 |
| Other liabilities | $0 |
| Total liabilities | $14,216,509 |
| Net assets without donor restrictions | $9,442,443 |
| Net assets with donor restrictions | $65,095 |
| 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 | $23,724,047 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Cochise Community Hospital Inc Willcox, AZ | $20,177,243 | $20,842,048 |
Clayton Health Systems Inc Clayton, NM | $19,342,828 | $19,073,087 |
Falls Community Hospital And Clinic Marlin, TX | $16,201,440 | $24,067,895 |
Purcell Municipal Hospital Purcell, OK | $9,506,068 | $15,513,649 |
Parmer County Community Hospital Inc Friona, TX | $16,718,292 | $16,282,251 |
Swisher Memorial Healthcare System Tulia, TX | $11,057,131 | $12,961,956 |
Coal County General Hospital Coalgate, OK | $11,830,068 | $10,911,152 |
Newman Memorial Hospital Inc Shattuck, OK | $4,540,298 | $14,198,322 |
Soulistic Medical Institute Tubac, AZ | $5,065,904 | $11,589,434 |
Texas Health Specialty Hospital Fort Worth Fort Worth, TX | $2,882,139 | $11,730,602 |
Craig Hospital Foundation Englewood, CO | $22,342,893 | $10,725,885 |
Sunrise Clinics Santa Rosa, NM | $1,375,478 | $6,557,582 |