Grand Island Regional Medical Center
- Assets
- $105.8m
- Revenue
- $40.8m
- Investments
- $0.0
- Employees
- 443
- Location
- Grand Island, NE
- Founding
- Data as of
- 12/2021
- EIN
- 35-2621082
Organization Overview
Grand Island Regional Medical Center is located in Grand Island, NE. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Grand Island Regional Medical Center employed 443 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Island Regional Medical Center 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, Grand Island Regional Medical Center generated $40.8m in total revenue. All expenses for the organization totaled $57.8m during the year ending 12/2021. While expenses have increased by 66.6% per year over the past 2 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
GRAND ISLAND REGIONAL MEDICAL CENTER ("GIRMC") IS DEDICATED TO IMPROVING HEALTH THROUGH THE EMPOWERMENT OF THE COMMUNITY AND OUR HEALTHCARE TEAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRAND ISLAND REGIONAL MEDICAL CENTER BECAME MEDICARE CERTIFIED ON AUGUST 1, 2020 ALLOWING THE HOSPITAL TO BEGIN ACCEPTING PATIENTS. THE EMERGENCY DEPARTMENT BEGAN SEEING PATIENTS AS OF NOVEMBER 2, 2020, AND THE FIRST SURGICAL CASE WAS PERFORMED IN THE SUMMER OF 2020. GRAND ISLAND REGIONAL MEDICAL CENTER IS PART OF BRYAN HEALTH, ONE OF THE LARGEST NON-PROFIT HEALTH CARE ORGANIZATIONS IN THE REGION, AND IS COMMITTED TO PROVIDING HEALTH CARE SERVICES FOR THOSE IN NEED REGARDLESS OF THEIR ABILITY TO PAY. IN 2021, GRAND ISLAND REGIONAL MEDICAL CENTER PROVIDED HEALTHCARE SERVICES TO THE GENERAL PUBLIC AND OPERATED ROUTINE SERVICE BEDS, ICU BEDS TOTALING OVER 8,355 PATIENT DAYS, 17,379 OUTPATIENT VISITS INCLUDING EMERGENCY ROOM VISITS OF 7,616. THE HOSPITAL DELIVERED IT'S FIRST BABY IN JANUARY 2021 ALONG WITH OPENING OF THE NEONATAL INTENSIVE CARE UNIT. THE HOSPITAL PROVIDED CHARITY CARE TO 100 PATIENTS IN THE AMOUNT OF $102,341.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Livewell Physical Therapy Contracted Services | 12/30/21 | $547,065 |
Medical Information Technology Electronic Medical Records Software Provider | 12/30/21 | $571,530 |
Vestwell Third Party Administrator 401(k) Plan | 12/30/21 | $1,734,734 |
Lawrence Recruiting Specialist Temporary Labor | 12/30/21 | $921,965 |
Change Healthcare Claims Clearinghouse | 12/30/21 | $382,620 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,198 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,198 |
| Total Program Service Revenue | $40,633,524 |
| Investment income | $3,103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $478 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,825,910 |
| 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. | $557,143 |
| Compensation of current officers, directors, key employees. | $65,019 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,559,889 |
| Pension plan accruals and contributions | $632,376 |
| Other employee benefits | $2,577,069 |
| Payroll taxes | $1,510,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,396 |
| Fees for services: Accounting | $191,884 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,873,830 |
| Advertising and promotion | $181,874 |
| Office expenses | $71,646 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,294,816 |
| Travel | $17,950 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $885,037 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,668,253 |
| Insurance | $89,435 |
| All other expenses | $831,861 |
| Total functional expenses | $57,792,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,245,774 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,262,742 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,288,191 |
| Prepaid expenses and deferred charges | $527,700 |
| Net Land, buildings, and equipment | $2,018,196 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,444,955 |
| Total assets | $105,787,558 |
| Accounts payable and accrued expenses | $6,577,194 |
| 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 | $62,515,860 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $70,947,499 |
| Total liabilities | $140,040,553 |
| Net assets without donor restrictions | -$34,252,995 |
| 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 | $105,787,558 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Plan De Salud Del Valle Inc Fort Lupton, CO | $84,737,500 | $104,985,059 |
Saint Thomas Regional Hospitals St Louis, MO | $62,019,572 | $112,890,582 |
Powell Valley Health Care Inc Powell, WY | $35,284,547 | $75,395,152 |
Grand Island Regional Medical Center Grand Island, NE | $105,787,558 | $40,825,910 |
Mercy Hospital Carthage Carthage, MO | $36,033,598 | $54,651,432 |
Trinidad Area Health Association Trinidad, CO | $66,760,463 | $42,777,232 |
Ascension River District Hospital St Louis, MO | $14,126,181 | $36,847,303 |
Mercy Hospital Lincoln Troy, MO | $8,498,230 | $49,593,146 |
Wyoming Hospital Association Cheyenne, WY | $13,654,698 | $39,324,573 |
Saint Lukes Hospital Of Trenton Trenton, MO | $38,756,307 | $41,833,372 |
Miami County Medical Center Inc Paola, KS | $88,188,185 | $38,020,798 |
Saint Lukes Hospital Of Garnett Inc Garnett, KS | $18,576,071 | $31,899,426 |