Regional Enterprises Inc
- Assets
- $4.3m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 38
- Location
- Ashland, WI
- Founding
- 09/1998
- Data as of
- 09/2021
- EIN
- 39-1555837
Organization Overview
Regional Enterprises Inc is located in Ashland, WI. The organization was established in 1998. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 09/2021, Regional Enterprises Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Enterprises 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, Regional Enterprises Inc generated $7.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $7.0m during the year ending 09/2021. While expenses have increased by 1.2% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT, ASSIST, PROMOTE THE INTERESTS OF, AND PROVIDE DIRECTION AND EXPERTISE IN THE FURTHERANCE OF THE HEALTH CARE, EDUCATIONAL, SCIENTIFIC, AND OTHER CHARITABLE PURPOSES OF MEDICAL SERVICES INC., MEMORIAL MEDICAL CENTER, INC., AND OTHER ORGANIZATIONS EXEMPT FROM TAXATION UNDER IRC SECTION 501(C)(3) AND THAT QUALIFY AS NONPRIVATE FOUNDATIONS UNDER IRC SECTION 509(A)(1) OR (2) SUPPORTED ORGANIZATIONS.
Describe the Organization's Program Activity:
TO SUPPORT, ASSIST, PROMOTE THE INTEREST OF, AND PROVIDE DIRECTION AND EXPERTISE IN THE FURTHERANCE OF THE HEALTH CARE, EDUCATIONAL, SCIENTIFIC, AND OTHER CHARITABLE PURPOSES OF ORGANIZATIONS EXEMPT FROM TAXATION AND THAT QUALIFY AS NONPRIVATE FOUNDATIONS. REGIONAL ENTERPRISES, INC. PROVIDES BUILDING OPERATIONS AND COMPLIANCE SUPPORT; INFORMATION SYSTEM SUPPORT; LEAN PROCESS IMPROVEMENT; EMPLOYEE WELLNESS; FINANCE, QUALITY AND SAFETY SUPPORT; AND ACCOUNTING SERVICES TO RELATED ENTITIES AT COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Dumonseau Vice President & CFO - Rei | Officer | 37 | $341,229 |
Vicki Wetenkamp VP Quality | 40 | $180,551 | |
Todd Reynolds Is Director | 40 | $135,566 | |
David Luce Facilities Director | 40 | $132,774 | |
Arthur Mertig Controller | 40 | $122,393 | |
Tracy Morris Clinical Info Coord | 40 | $111,866 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Essentia Health Professional Fees/support | 9/29/21 | $910,496 |
Cactus From Symplr Professional Fees/support | 9/29/21 | $143,822 |
Cisco Systems Capital Support | 9/29/21 | $136,447 |
Phillips Healthcare Irad/ivault (Read/archive) | 9/29/21 | $126,124 |
Api Healthcare Corporation Professional Fees/support | 9/29/21 | $157,705 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $6,977,377 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $6,977,377 |
| 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. | $413,581 |
| Compensation of current officers, directors, key employees. | $4,046 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,236,771 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $817,451 |
| Payroll taxes | $180,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,950 |
| Fees for services: Accounting | $2,956 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $720,701 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $2,035,377 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,414 |
| 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 | $400,515 |
| Insurance | $5,240 |
| All other expenses | $0 |
| Total functional expenses | $6,977,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,103 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,513 |
| 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 | $733,515 |
| Net Land, buildings, and equipment | $1,274,885 |
| Investments—publicly traded securities | $2,045,541 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,269,557 |
| Accounts payable and accrued expenses | $2,617,723 |
| 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 | $1,358,213 |
| Total liabilities | $3,975,936 |
| Net assets without donor restrictions | $0 |
| 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 | $50,000 |
| Retained earnings, endowment, accumulated income, or other funds | $243,621 |
| Total liabilities and net assets/fund balances | $4,269,557 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Regions Hospital Foundation Minneapolis, MN | $38,267,048 | $23,350,215 |
Rural Health Resource Center Duluth, MN | $3,768,085 | $11,820,757 |
Michael Reese Health Trust Elgin, IL | $0 | $12,585,732 |
Cquest America Inc Springfield, IL | $2,109,931 | $9,012,426 |
Rush System For Health Chicago, IL | $221,263 | $9,105,865 |
St Claras Manor Lincoln, IL | $2,010,874 | $9,192,803 |
Project Compassion Health Saginaw, MI | $7,020,409 | $8,600,714 |
Regional Enterprises Inc Ashland, WI | $4,269,557 | $6,977,377 |
Community Memorial Healthcenter Association Hartley, IA | $12,490,271 | $6,250,089 |
Society Of Gynecologic Oncology Chicago, IL | $6,024,120 | $5,851,826 |
American Indian Health Service Of Chicago Inc Chicago, IL | $7,286,991 | $5,110,782 |
Eh Services Inc Saint Paul, MN | $3,146,077 | $4,831,668 |