Olympic Memorial Hospital
- Assets
- $332.5k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 2
- Location
- Port Angeles, WA
- Founding
- 02/1985
- Data as of
- 12/2021
- EIN
- 91-1285758
Organization Overview
Olympic Memorial Hospital is located in Port Angeles, WA. The organization was established in 1985. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Olympic Memorial Hospital employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olympic Memorial Hospital 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 12/2021, Olympic Memorial Hospital generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 16.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL AND MANAGEMENT SUPPORT TO OLYMPIC MEDICAL CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
OLYMPIC MEDICAL CENTER CHIEF OF STAFF SERVICES AND LICENSES AND FUNDING SPECIFIC HOSPITAL POSITIONS
PROVIDING PATIENT NAVIGATION SERVICES FOR CANCER CENTER PATIENTS
DONATIONS TO OLYMPIC MEDICAL CENTER FOR THE PURPOSE OF EXPANSION OF THE CANCER CENTER
DONATIONS TO OLYMPIC MEDICAL CENTER FOR THE PURPOSE OF CARDIC SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Skinner Executive Director | Officer | 40 | $119,680 |
R Duane Wolfe Past Pres/treas | OfficerTrustee | 4 | $0 |
Lindsay Fox Secretary | OfficerTrustee | 4 | $0 |
Bill Littlejohn Decd President | OfficerTrustee | 4 | $0 |
Mary Hebert President Elect | OfficerTrustee | 4 | $0 |
James Jones Jr Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $191,678 |
| Related organizations | $0 |
| Government grants | $43,895 |
| All other contributions, gifts, grants, and similar amounts not included above | $617,949 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $853,522 |
| Total Program Service Revenue | $0 |
| Investment income | $3,447 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $346,413 |
| Net Income from Gaming Activities | $115,745 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,319,127 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $987,148 |
| Grants and other assistance to domestic individuals. | $33,225 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $119,680 |
| Compensation of current officers, directors, key employees. | $119,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,821 |
| Pension plan accruals and contributions | $14,450 |
| Other employee benefits | $18,579 |
| Payroll taxes | $17,401 |
| Fees for services: Management | $47,462 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,200 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $18,677 |
| Information technology | $4,245 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $921 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,830 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $52,621 |
| Total functional expenses | $1,432,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,562 |
| Savings and temporary cash investments | $7,917 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,231 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $710 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,124 |
| Total assets | $332,544 |
| Accounts payable and accrued expenses | $19,710 |
| 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 | $36,453 |
| Total liabilities | $56,163 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $332,544 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Olympic Memorial Hospital has recieved totaling $12,355.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $12,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $155 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hilltop Regional Health Center Tacoma, WA | $0 | $26,653,011 |
Covenant Physician Partners Inc Renton, WA | $20,551,600 | $16,901,042 |
Eba-Pge-Ibew Local Union 125 Health & Welfare Trust Tukwila, WA | $8,917,739 | $18,022,514 |
Providence St Vincent Medical Foundation Portland, OR | $302,625,014 | $42,114,354 |
Overlake Hospital Foundation Bellevue, WA | $26,396,715 | $13,671,276 |
Providence Portland Medical Foundation Portland, OR | $219,001,384 | $22,077,699 |
Alaska Carpenters Health & Welfare Trust Fund Seattle, WA | $29,936,146 | $14,215,183 |
Seattle Childrens Hospital Guild Association Seattle, WA | $199,221 | $14,058,030 |
Montana Retail Employees Health And Welfare Trust Spokane, WA | $13,835,872 | $12,488,989 |
I B E W Health-Welfare Trust Of Southwest Washington Labor Center Spokane, WA | $27,788,424 | $13,148,275 |
Graduate Teaching Fellows Fed Local 3544 Health & Welfare Agreement Eugene, OR | $956,358 | $10,612,842 |
Idaho Plumbers & Pipefitters Health & Welfare Agmt & Declaration Of Tr Portland, OR | $25,943,906 | $10,731,049 |