Fort Healthcare Inc
- Assets
- $254.4m
- Revenue
- $141.0m
- Investments
- $37.3m
- Employees
- 941
- Location
- Fort Atkinson, WI
- Founding
- 01/1944
- Data as of
- 09/2021
- EIN
- 39-0286215
Organization Overview
Fort Healthcare Inc is located in Fort Atkinson, WI. The organization was established in 1944. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Fort Healthcare Inc employed 941 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Healthcare 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 09/2021, Fort Healthcare Inc generated $141.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $132.4m during the year ending 09/2021. While expenses have increased by 1.6% 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.
Since 2018, Fort Healthcare Inc has awarded 27 individual grants totaling $860,160. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION AT FORT HEALTHCARE IS TO IMPROVE THE HEALTH AND WELL-BEING OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A 49-BED ACUTE CARE FACILITY WITH AN EMERGENCY ROOM AND FULL COMPLEMENT OF ANCILLARY SERVICES.FORT HEALTHCARE COMMUNITY IMPACT:CHARITY CARE $669,678 CHARITY CARE IS DEFINED AS FREE OR DISCOUNTED HEALTH SERVICES PROVIDED TO THOSE WHO CANNOT AFFORD TO PAY AND WHO MEET ALL CRITERIA FOR FINANCIAL ASSISTANCE. CHARITY CARE IS BASED ON ACTUAL COSTS, NOT CHARGES, AND DOES NOT INCLUDE BAD DEBT.COMMUNITY HEALTH IMPROVEMENT SERVICES $479,933 COMMUNITY HEALTH IMPROVEMENT SERVICES ARE DEFINED AS CLINICAL AND NON-CLINICAL SERVICES DESIGNED TO IMPROVE COMMUNITY HEALTH, WHICH ARE PROVIDED TO THE COMMUNITY FOR FREE OR FOR FEES THAT DID NOT COVER COSTS.FINANCIAL CONTRIBUTIONS $140,956 FINANCIAL CONTRIBUTIONS ARE DEFINED AS CONTRIBUTIONS, INCLUDING CASH, NON-CASH ITEMS SUCH AS FOOD, FURNITURE, EQUIPMENT, SUPPLIES, AND LOANED STAFF FOR VOLUNTEER AND CHARITABLE PURPOSES, MADE TO INDIVIDUALS, COMMUNITY GROUPS, OR NONPROFIT ORGANIZATIONS FOR CHARITABLE PURPOSES.COMMUNITY BUILDING ACTIVITIES $39,341 COMMUNITY BUILDING ACTIVITIES ARE DEFINED AS PROGRAMS THAT, WHILE NOT DIRECTLY RELATED TO HEALTH CARE, PROVIDE OPPORTUNITIES TO ADDRESS THE ROOT CAUSES OF HEALTH PROBLEMS, SUCH AS POVERTY, HOMELESSNESS, AND ENVIRONMENTAL ISSUES. COSTS FOR THESE ACTIVITIES INCLUDE CASH AND IN-KIND DONATIONS.COMMUNITY BENEFIT OPERATIONS $39,341 COMMUNITY BENEFIT OPERATIONS ARE DEFINED AS COSTS ASSOCIATED WITH DEDICATED STAFF AND COMMUNITY HEALTH NEEDS AND/OR ASSESSMENT, AS WELL AS OTHER COSTS ASSOCIATED WITH COMMUNITY BENEFIT STRATEGY AND OPERATIONS.SUBSIDIZED HEALTH SERVICES $96,315 SUBSIDIZED HEALTH SERVICES ARE DEFINED AS THE NEGATIVE MARGIN FOR CLINICAL SERVICES THAT ARE PROVIDED DESPITE A FINANCIAL LOSS BECAUSE OF AN IDENTIFIED COMMUNITY NEED THAT WOULD NEED TO BE MET BY THE GOVERNMENT OR ANOTHER NOT-FOR-PROFIT IF IT WAS NOT OFFERED. THE FINANCIAL LOSSES ARE SO SIGNIFICANT THAT NEGATIVE MARGINS REMAIN AFTER REMOVING THE EFFECTS OF CHARITY CARE, BAD DEBT, AND MEDICAID SHORTFALLS.TOTAL BENEFIT TO THE COMMUNITY FOR FISCAL YEAR 2021 $1,465,564
OPERATION OF PHYSICIAN CLINICS WITH OUTREACH INTO THE SURROUNDING COMMUNITIES.
EQUITY INCOME IN UNCONSOLIDATED AFFILIATES - HEALTH CLINIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Wallace President/ceo | Officer | 40 | $597,921 |
James Nelson Sr. Vice President / CFO | Officer | 40 | $325,561 |
Mary Beck Metzger Board Member | Trustee | 40 | $62,805 |
James Fitzpatrick PHD Vice Chair | OfficerTrustee | 3 | $0 |
Mary Behling Chair | OfficerTrustee | 3 | $0 |
Michael Anderson MD Secretary | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wisconsin Diagnostics Laboratories Lab Services | 9/29/21 | $884,941 |
Cerner Corporation Professional Services | 9/29/21 | $5,669,763 |
Uw Medical Foundation-radiology Radiology Services | 9/29/21 | $1,800,023 |
Jp Cullen And Sons Inc Construction Services | 9/29/21 | $1,559,773 |
Fort Medical Group Inc Physician Services | 9/29/21 | $16,295,525 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,371 |
| Government grants | $1,424,847 |
| All other contributions, gifts, grants, and similar amounts not included above | $786,972 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,222,190 |
| Total Program Service Revenue | $135,122,494 |
| Investment income | $1,872,999 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$13,383 |
| Net Gain/Loss on Asset Sales | $1,549,097 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $140,971,889 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $322,600 |
| 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. | $1,118,105 |
| Compensation of current officers, directors, key employees. | $1,118,105 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,271,232 |
| Pension plan accruals and contributions | $1,584,269 |
| Other employee benefits | $8,502,657 |
| Payroll taxes | $3,060,942 |
| Fees for services: Management | $2,183,572 |
| Fees for services: Legal | $27,390 |
| Fees for services: Accounting | $176,472 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,468,945 |
| Advertising and promotion | $559,677 |
| Office expenses | $13,460,043 |
| Information technology | $4,589,112 |
| Royalties | $0 |
| Occupancy | $4,211,810 |
| Travel | $21,772 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,916,306 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,678,312 |
| Insurance | $315,535 |
| All other expenses | $868,102 |
| Total functional expenses | $132,388,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,462,673 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,328,700 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,849,377 |
| Prepaid expenses and deferred charges | $1,908,631 |
| Net Land, buildings, and equipment | $41,731,330 |
| Investments—publicly traded securities | $119,585,054 |
| Investments—other securities | $37,315,441 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,224,204 |
| Total assets | $254,405,410 |
| Accounts payable and accrued expenses | $11,340,225 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $33,280,055 |
| 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 | $218,937 |
| Other liabilities | $19,375,555 |
| Total liabilities | $64,214,772 |
| Net assets without donor restrictions | $190,190,638 |
| 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 | $254,405,410 |
Grants Awarded
Over the last fiscal year, Fort Healthcare Inc has awarded $307,600 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Whitewater, WI PURPOSE: SUPPORT OF CLINIC'S TAX EXEMPT HEALTHCARE OPERATIONS | $260,000 |
Jefferson, WI PURPOSE: ECOMONIC DEVELOPMENT INVESTMENT - THRIVE 2021 "GROWING PROSPERITY IN JEFFERSON & DODGE COUNTIES" | $30,000 |
Fort Atkinson, WI PURPOSE: GOLF SCRAMBLE FLAG SPONSOR; FARMER'S MARKET SPONSOR; FOOD ACCESS PROGRAM SPONSOR; PROJECT LEAD SPONSOR; NEW TEACHER WELCOME SPONSOR | $10,100 |
UNIVERSITY OF WISCONSIN (YOUNG AUDITORIUM) PURPOSE: PERFORMING ARTS VENUE SPONSOR | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fort Healthcare Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: HEALTH, GENERAL | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Cloud Hospital St Cloud, MN | $1,702,572,092 | $1,117,982,242 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Regions Hospital Minneapolis, MN | $1,151,249,927 | $936,558,758 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
Covenant Medical Center Inc Saginaw, MI | $1,038,790,282 | $776,913,978 |
North Memorial Health Care Robbinsdale, MN | $764,114,547 | $789,881,568 |
Allegiance Health Jackson, MI | $830,742,312 | $709,583,429 |
Munson Medical Center Traverse City, MI | $1,240,001,316 | $752,883,085 |
Edward Hospital Naperville, IL | $472,054,647 | $761,222,693 |
Swedish American Hospital Rockford, IL | $973,707,288 | $637,025,862 |