Waverly Health Center Foundation
- Assets
- $3.2m
- Revenue
- $518.1k
- Investments
- $2.6m
- Employees
- 0
- Location
- Waverly, IA
- Founding
- 11/1987
- Data as of
- 06/2022
- EIN
- 42-1301352
Organization Overview
Waverly Health Center Foundation is located in Waverly, IA. The organization was established in 1987. 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 independent organization and not affiliated with a larger national or regional group of organizations. Waverly Health Center Foundation 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 06/2022, Waverly Health Center Foundation generated $518.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE OBJECTIVES OF WAVERLY HEALTH CENTER AND FINANCIALLY SUPPORT THE PROGRAMS AND ACTIVITIES AS SPONSORED, DIRECTED OR SUPPORTED BY WAVERLY HEALTH CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND ADVANCE THE WELFARE OF WAVERLY HEALTH CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Johnston President | OfficerTrustee | 1 | $0 |
Matt Johnson Treasurer | OfficerTrustee | 1 | $0 |
Glenn Mcmichael Vice President | OfficerTrustee | 1 | $0 |
Ellen Crayne Board Member | Trustee | 1 | $0 |
Jared Graening Board Member | Trustee | 1 | $0 |
Shirley Walker Board Member | Trustee | 1 | $0 |
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 | $387,058 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $387,058 |
| Total Program Service Revenue | $0 |
| Investment income | $59,921 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $71,082 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $518,061 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,705,518 |
| 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. | $38,066 |
| Compensation of current officers, directors, key employees. | $38,066 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $20,605 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,014 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,774,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,941 |
| Savings and temporary cash investments | $113,694 |
| Pledges and grants receivable | $449,813 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,643,758 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,212,206 |
| Accounts payable and accrued expenses | $2,484 |
| 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 | $0 |
| Total liabilities | $2,484 |
| Net assets without donor restrictions | $2,759,909 |
| Net assets with donor restrictions | $449,813 |
| 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 | $3,212,206 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Waverly Health Center Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Duroe Family Foundation Waterloo, IA PURPOSE: GENERAL FUND | $5,000 |
Endowment Analysis
| Beg. Balance | $3,063,708 |
| Earnings | -$389,151 |
| Other Expense | $30,799 |
| Ending Balance | $2,643,758 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Francis Medical Center Breckenridge, MN | $127,422,671 | $26,046,876 |
Prairie Ridge Hospital And Health Services Inc Elbow Lake, MN | $34,170,156 | $18,758,462 |
Madelia Health Madelia, MN | $18,855,648 | $18,531,553 |
Alegent Health Mercy Hospital Corning, IA | $35,243,438 | $19,692,764 |
St Marys Warrick Hospital Inc St Louis, MO | $9,424,300 | $16,745,363 |
Aspirus Stanley Hospital & Clinics Inc Wausau, WI | $10,927,612 | $20,966,048 |
Community Hospital Of Staunton Staunton, IL | $32,595,948 | $20,788,343 |
St Vincent Clay Hospital Inc St Louis, MO | $12,816,129 | $21,118,417 |
Kittson Memorial Hospital Association Hallock, MN | $15,018,635 | $22,486,843 |
Jennie M Melham Memorial Medical Center Inc Broken Bow, NE | $58,643,276 | $23,743,381 |
Genesis Medical Center Aledo Aledo, IL | $16,196,609 | $17,740,710 |
Lake View Memorial Hospital Inc Two Harbors, MN | $43,364,236 | $20,715,565 |