Community Memorial Healthcenter Association
- Assets
- $12.5m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 136
- Location
- Hartley, IA
- Founding
- 04/1962
- Data as of
- 12/2021
- EIN
- 42-0845331
Organization Overview
Community Memorial Healthcenter Association is located in Hartley, IA. The organization was established in 1962. 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 12/2021, Community Memorial Healthcenter Association employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Memorial Healthcenter Association 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, Community Memorial Healthcenter Association generated $6.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $5.9m during the year ending 12/2021. While expenses have increased by 3.1% 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
HEALTH CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
QUALITY HEALTH CARE SERVICES WERE PROVIDED TO THE RESIDENTS OF THE HARTLEY, IA COMMUNITY THROUGH THE OPERATION OF A 68 BED NURSING HOME AND 16 ROOM ASSISTED LIVING FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Hoaglund Employee | 50 | $110,125 | |
Colleen Paulsen President | OfficerTrustee | 5 | $0 |
Brent Thorn Vice Preside | OfficerTrustee | 5 | $0 |
Mark Riedemann Director | Trustee | 5 | $0 |
Curt Stoltz Director | Trustee | 5 | $0 |
April Hengeveld Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $406,314 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,261 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $407,575 |
| Total Program Service Revenue | $5,674,010 |
| Investment income | $103,842 |
| 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 | $6,250,089 |
| 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 | $3,577,251 |
| Pension plan accruals and contributions | $78,347 |
| Other employee benefits | $346,048 |
| Payroll taxes | $273,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,250 |
| Office expenses | $63,882 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $171,195 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,211 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $242,871 |
| Insurance | $146,223 |
| All other expenses | $0 |
| Total functional expenses | $5,865,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,182,145 |
| Savings and temporary cash investments | $816,492 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $376,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,454 |
| Prepaid expenses and deferred charges | $57,943 |
| Net Land, buildings, and equipment | $3,491,304 |
| Investments—publicly traded securities | $159,403 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,388,530 |
| Total assets | $12,490,271 |
| Accounts payable and accrued expenses | $404,421 |
| 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 | $87,150 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $491,571 |
| Net assets without donor restrictions | $7,610,207 |
| Net assets with donor restrictions | $4,388,493 |
| 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 | $12,490,271 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mosaic Senior Services Inc Omaha, NE | $13,220,331 | $15,500,404 |
Community Alliance Rehabilitation Services Omaha, NE | $6,008,381 | $14,978,888 |
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 |
Lincoln Medical Education Partnership Lincoln, NE | $9,795,308 | $10,487,702 |
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 |
Regional Enterprises Inc Ashland, WI | $4,269,557 | $6,977,377 |
Service Employees International Union Local 2000 Health Welfare St Louis, MO | $18,079,308 | $5,259,117 |
Community Memorial Healthcenter Association Hartley, IA | $12,490,271 | $6,250,089 |