Amery Regional Medical Center Inc
- Assets
- $71.8m
- Revenue
- $71.2m
- Investments
- $0.0
- Employees
- 485
- Location
- Minneapolis, MN
- Founding
- 01/1958
- Data as of
- 12/2021
- EIN
- 39-0908320
Organization Overview
Amery Regional Medical Center Inc is located in Minneapolis, MN. The organization was established in 1958. As of 12/2021, Amery Regional Medical Center Inc employed 485 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amery Regional Medical Center 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, Amery Regional Medical Center Inc generated $71.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $67.5m during the year ending 12/2021. While expenses have increased by 3.6% 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 ACCESSIBLE, COMPREHENSIVE, QUALITY HEALTHCARE
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 |
|---|---|---|---|
Sandra M Reed VP - Patient Care Services | Officer | 55 | $208,026 |
Mark A Tryggestad Director Of Pharmacy | 42 | $164,957 | |
Anthony R Gould Director -Ancillary Services | 50 | $145,623 | |
James G Erickson Rn House Supervisor | 40 | $137,636 | |
Ann M Schilling Hr Sr Director | 40 | $136,885 | |
Jolleen M Nichols Provider-Apnp | 50 | $136,509 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kraus-anderson Construction Co Construction | 12/30/21 | $1,475,452 |
Healogics Wound Care Wound Healing Management | 12/30/21 | $397,256 |
Associated Eye Care Professional Services | 12/30/21 | $204,948 |
River Valley Anesthesia Inc Nurse Anesthetists | 12/30/21 | $934,518 |
Infinite Health Collaborative Professional Services | 12/30/21 | $864,646 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $137,331 |
| Government grants | $861,492 |
| 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 | $998,823 |
| Total Program Service Revenue | $69,154,036 |
| Investment income | $773,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $181,064 |
| 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 | $71,244,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,885 |
| 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. | $246,377 |
| Compensation of current officers, directors, key employees. | $246,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,450,071 |
| Pension plan accruals and contributions | $707,743 |
| Other employee benefits | $4,039,982 |
| Payroll taxes | $1,465,795 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,470 |
| 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 | $4,435,045 |
| Advertising and promotion | $57,977 |
| Office expenses | $679,598 |
| Information technology | $117,075 |
| Royalties | $0 |
| Occupancy | $1,057,379 |
| Travel | $19,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,175 |
| Interest | $666,614 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,413,619 |
| Insurance | $184,037 |
| All other expenses | $47,692 |
| Total functional expenses | $67,519,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,728,322 |
| Savings and temporary cash investments | $5,741,748 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,377,868 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,255,029 |
| Prepaid expenses and deferred charges | $116,879 |
| Net Land, buildings, and equipment | $18,958,159 |
| Investments—publicly traded securities | $12,778,877 |
| Investments—other securities | $0 |
| Investments—program-related | $2,403,195 |
| Intangible assets | $0 |
| Other assets | $416,864 |
| Total assets | $71,776,941 |
| Accounts payable and accrued expenses | $18,710,459 |
| Grants payable | $0 |
| Deferred revenue | $600,538 |
| Tax-exempt bond liabilities | $20,862,531 |
| 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 | $397,016 |
| Total liabilities | $40,570,544 |
| Net assets without donor restrictions | $31,206,397 |
| 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 | $71,776,941 |
Grants Awarded
Over the last fiscal year, Amery Regional Medical Center Inc has awarded $23,100 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $18,100 |
Kennesaw, GA PURPOSE: PROGRAM SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Amery Regional Medical Center Inc has recieved totaling $2,000,000.
| Awarding Organization | Amount |
|---|---|
Fred C And Katherine B Andersen Foundation Bayport, MN PURPOSE: GENERAL SUPPORT | $2,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amery Regional Medical Center Inc Minneapolis, MN | $71,776,941 | $71,244,639 |
Dubuque Racing Association Ltd Dubuque, IA | $61,524,340 | $44,438,133 |
Detroit Athletic Club Detroit, MI | $61,110,304 | $32,494,117 |
Cantigny Foundation Wheaton, IL | $482,055,746 | $23,347,648 |
Iowa West Foundation Council Bluffs, IA | $531,828,155 | $56,969,163 |
National Forest Foundation Missoula, MT | $46,532,416 | $33,838,941 |
National Marine Manufacturers Association Inc Chicago, IL | $24,852,893 | $19,298,889 |