St Cloud Hospital
- Assets
- $1.7b
- Revenue
- $1.1b
- Investments
- $32.8m
- Employees
- 0
- Location
- St Cloud, MN
- Founding
- 03/2003
- Data as of
- 06/2021
- EIN
- 41-0695596
Organization Overview
St Cloud Hospital is located in St Cloud, MN. The organization was established in 2003. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. St Cloud Hospital 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 06/2021, St Cloud Hospital generated $1.1b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $966.6m during the year ending 06/2021. While expenses have increased by 4.5% 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 2015, St Cloud Hospital has awarded 24 individual grants totaling $15,758,822. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE'RE HERE FOR YOUR WHOLE LIFE - TO LISTEN THEN SERVE, TO GUIDE AND HEAL BECAUSE HEALTH MEANS EVERYTHING.
Describe the Organization's Program Activity:
CENTRACARE HEALTH IS PRIMARILY ENGAGED IN SUPPORTING AND DIRECTING HEALTHCARE DELIVERY THROUGH ITS AFFILIATED ENTITIES. CENTRACARE OPERATES AS THE PARENT CORPORATION TO THE SAINT CLOUD HOSPITAL WHICH STRIVES TO IMPROVE THE QUALITY AND EXPAND THE CLINICAL SCOPE OF, ENHANCE ACCESS TO, AND ASSURE AFFORDABILITY OF, HEALTH SERVICES FOR RESIDENTS IN THE ST. CLOUD AREA AND CENTRAL MINNESOTA. THESE AIMS ARE SUPPORTED BY CENTRACARE'S COMMITMENT TO ADVANCE MEDICAL EDUCATION, TRAINING AND RESEARCH. AS A HIGH QUALITY REGIONAL MEDICAL CENTER, ST CLOUD HOSPITAL PROVIDES A BROAD RANGE OF ACUTE INPATIENT SERVICES. WITH 489 LICENSED INPATIENT BEDS, ST CLOUD HOSPITAL CARED FOR 24,773 INPATIENT ADMISSIONS WITH 113,159 ASSOCIATED PATIENT DAYS DURING FISCAL 2021. INPATIENT SERVICES INCLUDE MEDICAL AND SURGICAL CARE, BIRTHING SERVICES, CHILDREN'S SERVICES INCLUDING NEONATAL INTENSIVE CARE AND PEDIATRIC INTENSIVE CARE, BEHAVIORAL HEALTH CARE SERVICES FOR ADULTS AND ADOLESCENTS, ALONG WITH SPECIALIZED CARE IN CARDIOLOGY, NEUROSCIENCES, NEUROSURGERY, ORTHOPEDICS AND REHABILITATION SERVICES.
AS PART OF THE ST CLOUD HOSPITAL, ST BENEDICTS SENIOR COMMUNITY PROVIDES RESIDENTIAL HEALTH CARE SERVICES INCLUDING INDEPENDENT LIVING, ASSISTED LIVING AND SHORT AND LONG TERM SKILLED NURSING SERVICES. IN FISCAL 2021 THERE WERE 198 SKILLED STAFFED BEDS AND RESIDENT DAYS OF 51,369. SHORT STAY SKILLED SERVICES INCLUDE AN EXTENSIVE REHABILITATIVE CARE PROGRAM WITH THE GOAL OF ENABLING RESIDENTS TO RETURN TO THEIR HOMES. IN FISCAL 2021 THERE WERE 383 HOUSING UNITS AND TENANT DAYS OF 128,045. ASSISTED LIVING AND INDEPENDENT LIVING COMMUNITIES ARE DESIGNATED AS HOUSING WITH SERVICES. HOMECARE SERVICES ARE PROVIDED TO THESE TENANTS ON A BASE RATE PLUS POINTS SYSTEM.
AS A HIGH QUALITY REGIONAL MEDICAL CENTER, ST CLOUD HOSPITAL PROVIDES A BROAD RANGE OF OUTPATIENT SERVICES. OUTPATIENT ENCOUNTERS DURING FISCAL YEAR 2021 WERE 339,804 AND INCLUDED EMERGENCY ROOM SERVICES, BEHAVIORAL HEALTH CARE, CANCER TREATMENT, DIALYSIS, IMAGING PROCEDURES, DIAGNOSTIC HEART PROCEDURES, REHABILITATION THERAPY, SAME DAY SURGERY AND OTHER AMBULATORY CARE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth D Holmen MD President/ceo | OfficerTrustee | 7 | $0 |
Craig Broman Chief Operating Officer/evp | OfficerTrustee | 7 | $0 |
Bob Thueringer Chair | OfficerTrustee | 0.2 | $0 |
Renee Frauendienst Vice Chair | OfficerTrustee | 2 | $0 |
Santo Cruz Chief Legal Officer/sr Vp/secretary | Officer | 18 | $0 |
Michael Blair Chief Financial Officer/sr Vp/treasurer | Officer | 18 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mahowald Insurance Agency Insurance | 6/29/21 | $4,104,348 |
Mcgough Construction Co Llc Capital Construction | 6/29/21 | $18,466,782 |
Deloitte Consulting Llp Erp Implementation Consulting Services | 6/29/21 | $4,492,877 |
Marco Technologies Inc Computer Equipment Maintenance Contracts | 6/29/21 | $2,358,084 |
Aya Healthcare Inc Temporary Staffing Services | 6/29/21 | $1,701,221 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,528,998 |
| Government grants | $62,010,530 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,412 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,563,940 |
| Total Program Service Revenue | $977,780,134 |
| Investment income | $43,933,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$279,000 |
| Net Gain/Loss on Asset Sales | $71,946 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $21,960,341 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,117,982,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $304,151 |
| Grants and other assistance to domestic individuals. | $66,593 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $397,517,627 |
| Pension plan accruals and contributions | $17,880,863 |
| Other employee benefits | $71,102,396 |
| Payroll taxes | $22,642,130 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $433,002 |
| 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 | $88,275,747 |
| Advertising and promotion | $96,499 |
| Office expenses | $393,163 |
| Information technology | $38,317,282 |
| Royalties | $0 |
| Occupancy | $4,630,649 |
| Travel | $1,889,466 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $748,261 |
| Interest | $12,537,090 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,408,659 |
| Insurance | $2,819,486 |
| All other expenses | $2,121,543 |
| Total functional expenses | $966,630,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,802,236 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $151,010,658 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,224,366 |
| Prepaid expenses and deferred charges | $4,518,133 |
| Net Land, buildings, and equipment | $487,542,469 |
| Investments—publicly traded securities | $737,259,451 |
| Investments—other securities | $32,849,934 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $171,364,845 |
| Total assets | $1,702,572,092 |
| Accounts payable and accrued expenses | $111,807,783 |
| Grants payable | $0 |
| Deferred revenue | $1,622,868 |
| 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 | $389,298,431 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $199,184,228 |
| Total liabilities | $701,913,310 |
| Net assets without donor restrictions | $1,000,658,782 |
| 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 | $1,702,572,092 |
Grants Awarded
Over the last fiscal year, St Cloud Hospital has awarded $1,074,752 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
St Cloud, MN PURPOSE: PROGRAM SUPPORT | $529,376 |
St Cloud, MN PURPOSE: PROGRAM SUPPORT | $529,376 |
Addison, TX PURPOSE: GUATEMALA MISSION TRIPS | $8,000 |
Addison, TX PURPOSE: GUATEMALA MISSION TRIPS | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that St Cloud Hospital has recieved totaling $66,205.
| Awarding Organization | Amount |
|---|---|
Alliance Nctn Foundation Chicago, IL PURPOSE: INSTITUTIONAL SUPPORT FOR CANCER RESEARCH | $33,500 |
Mayo Clinic Rochester, MN PURPOSE: SUPPORT CHARITABLE PROGRAMS | $20,989 |
Alliance For Clinical Trials In Oncology Foundation Chicago, IL PURPOSE: CANCER RESEARCH | $11,716 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Cloud Hospital St Cloud, MN | $1,702,572,092 | $1,117,982,242 |
Monument Health Rapid City Hospital Inc Rapid City, SD | $1,522,340,119 | $951,840,989 |
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 |
North Memorial Health Care Robbinsdale, MN | $764,114,547 | $789,881,568 |
Mercy Health System Corporation Janesville, WI | $590,598,309 | $634,611,105 |
Smdc Medical Center Duluth, MN | $1,099,340,280 | $663,367,068 |
St Vincent Hospital-Hospital Sisters-Third Order Of St Francis Green Bay, WI | $911,771,001 | $646,081,418 |
Altru Health System Grand Forks, ND | $1,039,192,012 | $613,611,037 |
Aspirus Wausau Hospital Inc Wausau, WI | $652,843,423 | $674,491,769 |
Bellin Memorial Hospital Inc Green Bay, WI | $753,402,442 | $606,556,735 |