Central Minnesota Diagnostic Inc
- Assets
- $54.2m
- Revenue
- $45.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Milaca, MN
- Founding
- 04/1986
- Data as of
- 12/2021
- EIN
- 36-3397264
Organization Overview
Central Minnesota Diagnostic Inc is located in Milaca, MN. The organization was established in 1986. 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. Central Minnesota Diagnostic 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 12/2021, Central Minnesota Diagnostic Inc generated $45.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $29.3m during the year ending 12/2021. While expenses have increased by 0.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DIAGNOSTIC SERVICES TO CERTAIN SECTION 501(C)(3) HOSPITAL ORGANIZATIONS ENGAGING IN HEALTHCARE ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRAL MINNESOTA DIAGNOSTIC INC. PROVIDES HOSPITAL INPATIENT AND OUTPATIENT DIAGNOSTIC SERVICES. IN 2021, THE ORGANIZATION PERFORMED 333,284 ULTRASOUND, MAMMOGRAPHY, CT SCANNER, NUCLEAR MEDICINE, BONE DENSITOMETRY AND MRI PROCEDURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Nuc Medicine Supv | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Siemens Equip. Repair & Maint. | 12/30/21 | $3,128,041 |
Ge Precision Healthcare Equip. Repair & Maint. | 12/30/21 | $916,622 |
Northern Imaging Equip. Repair & Maint. | 12/30/21 | $932,658 |
Delta Medical Systems Equip. Repair & Maint. | 12/30/21 | $2,986,539 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,376,700 |
| 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 | $1,376,700 |
| Total Program Service Revenue | $42,857,375 |
| Investment income | $699,797 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $260,606 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,244,775 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $8,369,694 |
| Fees for services: Legal | $1,623 |
| Fees for services: Accounting | $32,477 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $151,658 |
| Advertising and promotion | $12,267 |
| Office expenses | $46,842 |
| Information technology | $15,499 |
| Royalties | $0 |
| Occupancy | $67,875 |
| Travel | $486,465 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $199,616 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,530,384 |
| Insurance | $236,762 |
| All other expenses | $0 |
| Total functional expenses | $29,316,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,431,548 |
| Savings and temporary cash investments | $4,745,136 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,279,124 |
| 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 | $872,174 |
| Net Land, buildings, and equipment | $29,528,383 |
| Investments—publicly traded securities | $10,332,525 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,188,890 |
| Accounts payable and accrued expenses | $3,057,158 |
| 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 | $7,082,398 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,139,556 |
| Net assets without donor restrictions | $44,049,334 |
| 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 | $54,188,890 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fort Madison Community Hospital West Burlington, IA | $0 | $63,917,889 |
Avera Queen Of Peace Mitchell, SD | $173,794,004 | $133,877,982 |
St Nicholas Hospital Of The Hospita Sisters Of The Third Order Of St F Sheboygan, WI | $160,864,409 | $138,043,178 |
Winona Health Services Winona, MN | $149,374,764 | $114,059,975 |
Beaver Dam Community Hospitals Inc Beaver Dam, WI | $193,989,750 | $109,285,462 |
Jennie Edmundson Memorial Hospital Council Bluffs, IA | $159,830,825 | $120,935,401 |
Prohealth Oconomowoc Memorial Hospital Inc Oconomowoc, WI | $128,184,799 | $110,175,380 |
Door County Memorial Hospital Sturgeon Bay, WI | $145,062,000 | $121,509,372 |
Pella Regional Health Center Pella, IA | $175,318,188 | $109,674,630 |
Aurora Medical Center Bay Area Inc Milwaukee, WI | $215,907,747 | $109,452,768 |
Prairie Lakes Health Care System Inc Watertown, SD | $318,634,035 | $115,979,854 |
Memorial Medical Center Inc Ashland, WI | $199,460,507 | $111,327,895 |