Rochelle Community Hospital Foundation
- Assets
- $815.6k
- Revenue
- $61.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Rochelle, IL
- Founding
- 02/1992
- Data as of
- 04/2022
- EIN
- 36-3719223
Organization Overview
Rochelle Community Hospital Foundation is located in Rochelle, IL. The organization was established in 1992. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), 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. Rochelle Community Hospital 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 04/2022, Rochelle Community Hospital Foundation generated $61.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $38.6k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (14.6%) per year over the past 7 years. 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
PROVIDE SUPPORT FOR HEALTH CARE SERVICES OF ROCHELLE COMMUNITY HOSPITAL AND ITS CLINICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROCHELLE COMMUNITY HOSPITAL FOUNDATION WAS INCORPORATED FOR CHARITABLE BENEVOLENT EDUCATIONAL AND SCIENTIFIC PURPOSES AND TO SUPPORT AND ENCOURAGE HEALTH CARE SERVICES. THE FOUNDATION ENGAGES IN HEALTH CARE SERVICES BY RENTING ITS FACILITIES TO ITS PARENT ORGANIZATION, ROCHELLE COMMUNITY HOSPITAL ASSOCIATION, AND OTHER RELATED HEALTH CARE CLINICS.ASSURING THAT QUALITY HEALTH AND WELLNESS SERVICES ARE AVAILABLE TO THE PEOPLE IN THE EASTERN OGLE AND NORTHERN LEE COUNTIES IS WHAT ROCHELLE COMMUNITY HOSPITAL IS ALL ABOUT. WE EDUCATE PEOPLE, GROUPS AND ORGANIZATIONS REGARDING THE AVAILABILITY AND APPROPRIATE USE OF THESE HEALTHCARE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl Fleming Treasurer | OfficerTrustee | 0.5 | $0 |
Reed Harris President | OfficerTrustee | 0.5 | $0 |
Gregory A Olson CEO & Trustee | OfficerTrustee | 5 | $0 |
Michelle Lapage Foundation Coordinator | Officer | 10 | $0 |
Lori Gutierrez CFO | Officer | 5 | $0 |
Pat Zilm Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,260 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,988 |
| Total Program Service Revenue | $0 |
| Investment income | $9,054 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,017 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,520 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,165 |
| Compensation of current officers, directors, key employees. | $20,165 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,140 |
| Advertising and promotion | $300 |
| Office expenses | $3,471 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $38,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $367,130 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $201 |
| 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 | $0 |
| Investments—publicly traded securities | $448,256 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $815,587 |
| Accounts payable and accrued expenses | $0 |
| 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 | $38,128 |
| Total liabilities | $38,128 |
| Net assets without donor restrictions | $777,459 |
| 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 | $815,587 |
Endowment Analysis
| Beg. Balance | $47,398 |
| Net Contributions | $26,638 |
| Other Expense | -$51,879 |
| Ending Balance | $22,157 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Sponsored Health Benefits Tr Milwaukee, WI | $0 | $311 |
Iowa Prescription Drug Corporation Grimes, IA | $1,322,646 | $8,932,847 |
Truman Medical Center Professional And General Liability Self-Ins Tr Kansas City, MO | $25,601,158 | $4,849,990 |
Missouri Health Connection Columbia, MO | $3,938,153 | $4,470,811 |
Wisconsin Statewide Health Information Network Inc Madison, WI | $3,172,138 | $5,065,926 |
Hoffer Plastics Corporation Health Benefit Plan Trust South Elgin, IL | -$29,195 | $3,942,624 |
Outdoor Venture Corporation Health Benefit Trust Stearns, KY | $0 | $3,017,686 |
Deaconess Regional Healthcare Services Illinois Inc Evansville, IN | $3,115,277 | $3,229,843 |
Center For Practical Bioethics Inc Kansas City, MO | $8,129,360 | $1,498,373 |
Elks Veterans Memorial Restoration Trust Chicago, IL | $10,789,818 | $2,219,923 |
Missouri Life And Health Insurance Guaranty Association Jefferson City, MO | $49,452,825 | $33,351,825 |
Havenhouse St Louis St Louis, MO | $1,016,045 | $761,907 |