Hudson Hospital Inc
- Assets
- $111.5m
- Revenue
- $71.0m
- Investments
- $0.0
- Employees
- 477
- Location
- Hudson, WI
- Founding
- 10/1954
- Data as of
- 12/2021
- EIN
- 39-0804125
Organization Overview
Hudson Hospital Inc is located in Hudson, WI. The organization was established in 1954. 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 12/2021, Hudson Hospital Inc employed 477 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson Hospital 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, Hudson Hospital Inc generated $71.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $57.6m during the year ending 12/2021. While expenses have increased by 1.0% 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 IMPROVE HEALTH AND WELL-BEING IN PARTNERSHIP WITH OUR MEMBERS, PATIENTS AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O - EXEMPT PURPOSE AND ACHIEVEMENTS FOR A DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristy J Yaeger Vp, Patient Care Services | Officer | 40 | $208,137 |
Darla R Klementz Director Of Pharmacy | 50 | $184,788 | |
Peter J Vandusartz Behavior Health Admin | 50 | $167,377 | |
Stephanie J Rippie Pharmacy Manager | 45 | $160,600 | |
Chi K Vang Director Of Finance | 40 | $158,235 | |
Kristen R Novak Dir. Human Resources | 50 | $154,265 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Llc Radiology Services | 12/30/21 | $575,793 |
Hudson Physicians Medical Services | 12/30/21 | $513,124 |
Cancer Center Of Western Wisconsin Medical Services | 12/30/21 | $435,393 |
Schadegg Mechanical Inc Construction | 12/30/21 | $751,593 |
River Valley Anesthesia Inc Medical Services | 12/30/21 | $1,407,464 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $207,552 |
| Government grants | $609,101 |
| 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 | $816,653 |
| Total Program Service Revenue | $68,785,276 |
| Investment income | $1,247,118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $183,700 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,032,747 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $103,470 |
| 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. | $212,438 |
| Compensation of current officers, directors, key employees. | $212,438 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,640,313 |
| Pension plan accruals and contributions | $196,022 |
| Other employee benefits | $5,355,446 |
| Payroll taxes | $688,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,699 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,441,562 |
| Advertising and promotion | $11,309 |
| Office expenses | $488,658 |
| Information technology | $148,012 |
| Royalties | $0 |
| Occupancy | $1,548,243 |
| Travel | $12,182 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,521 |
| Interest | $345,396 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,451,203 |
| Insurance | $134,625 |
| All other expenses | $0 |
| Total functional expenses | $57,583,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $60,566,989 |
| Pledges and grants receivable | $308,443 |
| Accounts receivable, net | $7,188,680 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $905,740 |
| Prepaid expenses and deferred charges | $127,678 |
| Net Land, buildings, and equipment | $34,249,625 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,838,966 |
| Intangible assets | $0 |
| Other assets | $2,303,441 |
| Total assets | $111,489,562 |
| Accounts payable and accrued expenses | $10,792,354 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,910,719 |
| 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 | $8,201,213 |
| Total liabilities | $22,904,286 |
| Net assets without donor restrictions | $83,450,448 |
| Net assets with donor restrictions | $5,134,828 |
| 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 | $111,489,562 |
Grants Awarded
Over the last fiscal year, Hudson Hospital Inc has awarded $151,056 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Hudson, WI PURPOSE: PROGRAM SUPPORT | $146,056 |
Kennesaw, GA PURPOSE: PROGRAM SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hudson Hospital Inc has recieved totaling $207,552.
| Awarding Organization | Amount |
|---|---|
Hudson Hospital Foundation Hudson, WI PURPOSE: ED EXPANSION, FETAL MONITORING, OTHER HOSPITAL SUPPORT | $207,552 |
Endowment Analysis
| Beg. Balance | $81,690 |
| Ending Balance | $81,690 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fort Madison Community Hospital West Burlington, IA | $0 | $63,917,889 |
Gibson Area Hospital Gibson City, IL | $63,536,615 | $119,801,214 |
Mymichigan Medical Center Sault Sault Ste Marie, MI | $104,046,577 | $126,853,788 |
St Nicholas Hospital Of The Hospita Sisters Of The Third Order Of St F Sheboygan, WI | $160,864,409 | $138,043,178 |
Holy Cross Hospital Chicago, IL | $142,348,563 | $113,770,792 |
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 |
Ottawa Regional Hospital & Healthcare Center Peoria, IL | $91,725,518 | $145,777,119 |
St Bernard Hospital Chicago, IL | $104,253,183 | $104,812,040 |
Prohealth Oconomowoc Memorial Hospital Inc Oconomowoc, WI | $128,184,799 | $110,175,380 |
Mcgaw Medical Center Of Northwestern University Chicago, IL | $21,606,214 | $109,728,056 |