Martin Health Center Inc
- Assets
- $21.8m
- Revenue
- $19.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Falls, IA
- Founding
- 01/1973
- Data as of
- 12/2021
- EIN
- 42-0680487
Organization Overview
Martin Health Center Inc is located in Cedar Falls, IA. The organization was established in 1973. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martin Health 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, Martin Health Center Inc generated $19.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $19.9m during the year ending 12/2021. While expenses have increased by 10.2% 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
ASSERTIVELY SEEKS TO CREATE FULFILLING LIFESTYLES FOR SENIORS, THEIR FAMILIES AND THOSE WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERING COMPASSIONATE CARE AND SERVICES FOR SENIORS THROUGH OPERATION OF A 100 BED NURSING FACILITY, AND BY OFFERING IN-HOME COMPANION AND POST HOSPITAL CARE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Schmitz Treasurer | OfficerTrustee | 1 | $0 |
Larry Fox Immediate Past Chair | OfficerTrustee | 1 | $0 |
Sarah Brown Chair | OfficerTrustee | 1 | $0 |
Ronald Gaines Vice Chair | OfficerTrustee | 1 | $0 |
Dr Richard Frankhauser Secretary | OfficerTrustee | 1 | $0 |
Jerry Harris Chief Operating Officer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grapetree Medical Staffing Inc Contract Staffing | 12/30/21 | $334,052 |
Lotus Above & Beyond Healthcare Staffing Contract Staffing | 12/30/21 | $244,287 |
Helping Hands Healthcare Solutions Contract Staffing | 12/30/21 | $926,469 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,865,666 |
| 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 | $1,865,666 |
| Total Program Service Revenue | $17,753,148 |
| 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 | $19,618,814 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,969,254 |
| Pension plan accruals and contributions | $139,891 |
| Other employee benefits | $815,825 |
| Payroll taxes | $593,763 |
| Fees for services: Management | $1,392,397 |
| Fees for services: Legal | $0 |
| 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 | $3,349,450 |
| Advertising and promotion | $18,219 |
| Office expenses | $0 |
| Information technology | $218,005 |
| Royalties | $0 |
| Occupancy | $464,034 |
| Travel | $48,486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $875,951 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,143,385 |
| Insurance | $130,809 |
| All other expenses | $118,291 |
| Total functional expenses | $19,872,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,325 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,087,682 |
| 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 | $112,891 |
| Net Land, buildings, and equipment | $20,491,587 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $118,248 |
| Total assets | $21,811,733 |
| Accounts payable and accrued expenses | $1,223,622 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $21,562,926 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,290,729 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $900,938 |
| Total liabilities | $24,978,215 |
| Net assets without donor restrictions | -$3,166,482 |
| 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 | $21,811,733 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Martin Health Center Inc has recieved totaling $92,320.
| Awarding Organization | Amount |
|---|---|
Western Home Foundation Cedar Falls, IA PURPOSE: TO SUPPORT THE MISSION OF THE MARTIN HEALTH CENTER | $92,320 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |
Benevolent Corporation Cedar Community West Bend, WI | $115,395,812 | $41,115,280 |
Volunteers Of America Care Facilities Eden Prairie, MN | $34,098,364 | $41,433,516 |
Valley Senior Services Alliance Roseville, MN | $92,212,429 | $35,168,419 |
Saint Therese Of New Hope St Louis Park, MN | $31,804,224 | $36,427,083 |
The Mather Evanston Evanston, IL | $197,036,841 | $28,903,935 |
Covenant Health Care Center Inc Northbrook, IL | $80,834,072 | $35,580,141 |
Plymouth Place Inc Lagrange Park, IL | $140,283,826 | $32,345,507 |
Covenant Living Communities And Services Skokie, IL | $297,389,461 | $56,944,036 |
Windsor Park Manor Carol Stream, IL | $83,906,843 | $31,750,649 |