Independence Health System Inc
- Assets
- $18.7m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 219
- Location
- Perryville, MO
- Founding
- 02/1971
- Data as of
- 12/2021
- EIN
- 43-0926316
Organization Overview
Independence Health System Inc, operating under the name Independence Care Center, is located in Perryville, MO. The organization was established in 1971. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Independence Care Center employed 219 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independence Care Center 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, Independence Care Center generated $7.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $7.8m during the year ending 12/2021. 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
TO PROVIDE THE ELDERLY WITH RETIREMENT AND HEALTH CARE SERVICES WHICH ARE DEDICATED TO EXCELLENCE, IN AN ENVIRONMENT WHICH PROMOTES LIVING WITH DIGINITY, SECURITY AND INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LONG TERM CARE FOR THE ELDERLY AT VARIOUS STAGES: SKILLED NURSING FACILITY, 133 LICENSED BEDS; RESIDENTIAL CARE, 95 LICENSED BEDS; INDEPENDENT LIVING, TWO COTTAGES AND THREE DUPLEXES. ACCEPT MEDICARE, MEDICAID, AND PRIVATE PAY WHERE APPLICABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Korando Administrator/ceo | Officer | 40 | $118,023 |
Rhonda Pfister CFO | Officer | 40 | $81,947 |
Casey Ellis Administrator | Officer | 40 | $81,151 |
Patty Wichern Vice President | OfficerTrustee | 2 | $0 |
Brian Dreyer President | OfficerTrustee | 2 | $0 |
Judith Ernst Secretary / Treasure | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Select Rehabilitation Therapy | 12/30/21 | $314,927 |
Melvin Mills Roofing New Roof On Facility | 12/30/21 | $305,106 |
Martin Brothers Distributing Food Service | 12/30/21 | $266,834 |
Medical Solutions Staffing Agency | 12/30/21 | $178,007 |
Fusion Medical Staffing Staffing Agency | 12/30/21 | $149,981 |
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 | $7,417,423 |
| Investment income | $4,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,125 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,693,259 |
| 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 | $3,866,431 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $513,806 |
| Payroll taxes | $289,205 |
| Fees for services: Management | $119 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $88,814 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $875,755 |
| Advertising and promotion | $3,426 |
| Office expenses | $57,542 |
| Information technology | $5,567 |
| Royalties | $0 |
| Occupancy | $378,813 |
| Travel | $1,663 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $330,414 |
| Insurance | $235,101 |
| All other expenses | -$41,282 |
| Total functional expenses | $7,762,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,271 |
| Savings and temporary cash investments | $1,740,073 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $264,465 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $84,790 |
| Prepaid expenses and deferred charges | $48,337 |
| Net Land, buildings, and equipment | $3,503,877 |
| Investments—publicly traded securities | $13,030,370 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,616 |
| Total assets | $18,722,799 |
| Accounts payable and accrued expenses | $604,236 |
| 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 | $604,236 |
| Net assets without donor restrictions | $18,118,563 |
| 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 | $18,722,799 |
Endowment Analysis
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