Memorial Medical Center Inc
- Assets
- $562.1k
- Revenue
- $379.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Las Cruces, NM
- Founding
- 04/1962
- Data as of
- 05/2022
- EIN
- 85-6011407
Organization Overview
Memorial Medical Center Inc is located in Las Cruces, NM. The organization was established in 1962. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial Medical Center Inc 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 05/2022, Memorial Medical Center Inc generated $379.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $264.8k during the year ending 05/2022. While expenses have increased by 4.0% 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
THE AUXILIARY PROVIDES SUPPORTS SERVICES FOR HOSPITAL PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AUXILLIARY PROVIDES SCHOLARSHIPS AND GRANTS FOR PERSONS STUDYING IN MEDICAL RELATED FIELDS.
AID IN COMMUNITY AND PATIENT SERVICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claude Wescott Treasurer | OfficerTrustee | $0 | |
Jeanne Coleman President | OfficerTrustee | $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 | $205,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,475 |
| Total Program Service Revenue | $837 |
| Investment income | $850 |
| 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 | $171,818 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $378,980 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,649 |
| Grants and other assistance to domestic individuals. | $116,949 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,664 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,057 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24 |
| Travel | $94 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $279 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,407 |
| Insurance | $0 |
| All other expenses | $4,075 |
| Total functional expenses | $264,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,547 |
| Savings and temporary cash investments | $100,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,423 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,158 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $32,932 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $562,060 |
| Accounts payable and accrued expenses | $2,092 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,092 |
| Net assets without donor restrictions | $0 |
| 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 | $559,968 |
| Total liabilities and net assets/fund balances | $562,060 |
Grants Awarded
Over the last fiscal year, Memorial Medical Center Inc has awarded $31,013 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MEMORIAL MEDICAL CENTER PURPOSE: COMMUNITY ASSISTANCE | $22,628 |
MEMORIAL MEDICAL CENTER PURPOSE: COMMUNITY ASSISTANCE | $8,385 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baylor Scott & White Medical Center - Centennial Dallas, TX | $137,105,077 | $106,216,316 |
Uintah Basin Medical Center Roosevelt, UT | $123,876,812 | $104,820,070 |
Integris Health Edmond Inc Oklahoma City, OK | $260,031,221 | $95,781,800 |
Hill Country Memorial Hospital Fredericksburg, TX | $246,858,307 | $102,790,057 |
Community Hospital Of Brazosport Lake Jackson, TX | $81,245,268 | $88,570,423 |
Texas Health Harris Methodist Hospital Cleburne Cleburne, TX | $33,076,475 | $91,535,672 |
Mt Graham Regional Medical Center Inc Safford, AZ | $112,315,284 | $100,653,810 |
Rehoboth Mckinley Christian Health Care Service Inc Gallup, NM | $42,937,497 | $83,670,311 |
Huntsville Community Hospital Inc Huntsville, TX | $39,825,804 | $79,504,131 |
Cobre Valley Regional Medical Center Globe, AZ | $131,779,953 | $89,226,703 |
Winslow Indian Health Care Center Inc Winslow, AZ | $376,338,579 | $184,477,128 |
Heart Of Texas Community Health Center Inc Waco, TX | $45,785,038 | $74,486,899 |