Platte Community Memorial Hospital Inc
- Assets
- $26.2m
- Revenue
- $18.4m
- Investments
- $9.4m
- Employees
- 214
- Location
- Platte, SD
- Founding
- 10/1958
- Data as of
- 06/2022
- EIN
- 46-0239781
Organization Overview
Platte Community Memorial Hospital Inc, operating under the name Platte Health Center-Avera, is located in Platte, SD. The organization was established in 1958. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Platte Health Center-Avera employed 214 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Platte Health Center-Avera 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, Platte Health Center-Avera generated $18.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $15.9m during the year ending 06/2022. While expenses have increased by 3.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE INPATIENT AND OUTPATIENT HEALTHCARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE PLATTE COMMUNITY MEMORIAL HOSPITAL, INC. IS TO PROVIDE HEALTHCARE SERVICES TO THE COMMUNITY OF PLATTE AND THE SURROUNDING AREAS. THE FACILITY CONSISTS OF A 17-BED CRITICAL ACCESS HOSPITAL, A 48-BED LONG-TERM CARE FACILITY, AND THREE RURAL HEALTH CLINICS IN PLATTE, GEDDES, AND WHITE LAKE, SOUTH DAKOTA. SERVICES OFFERED INCLUDE PRIMARY CARE, EMERGENCY, SAME-DAY SURGERY, CARDIAC REHAB, PHARMACY, LABORATORY, IMAGING, PHYSICAL THERAPY, SPEECH THERAPY, OCCUPATIONAL THERAPY, TELEMEDICINE, AND NUMEROUS SPECIALTIES VIA OUTREACH PROVIDERS. INPATIENT AND OUTPATIENT STATISTICAL DATA FOR THE YEAR WERE AS FOLLOWS: 540 INPATIENT DAYS; 653 SWING BED DAYS; 10,303 LONG-TERM CARE DAYS; 8,988 OUTPATIENT VISITS; AND 12,463 CLINIC VISITS.TO FULFILL ITS MISSION OF COMMUNITY SERVICE, THE PLATTE HEALTH CENTER PROVIDES CHARITY CARE TO PERSONS WHO HAVE HEALTHCARE NEEDS AND ARE UNINSURED, UNDERINSURED, INELIGIBLE FOR A GOVERNMENT PROGRAM, OR OTHERWISE UNABLE TO PAY FOR MEDICALLY NECESSARY CARE. CONSISTENT WITH ITS MISSION TO MAKE A POSITIVE IMPACT IN THE LIVES AND HEALTH OF PERSONS AND COMMUNITIES BY PROVIDING QUALITY SERVICES GUIDED BY CHRISTIN VALUES, PHC STRIVES TO ENSURE THAT THE FINANCIAL CAPACITY OF PEOPLE WHO NEED HEALTH SERVICES DOES NOT PREVENT THEM FROM SEEKING OR RECEIVING CARE.PHC ATTESTED TO THE PROGRAM YEAR 2021 OF MEANINGFUL USE. THIS ATTESTATION TO CMS STATES PHC HAS MET AND WILL COMPLY WITH THE REQUIREMENTS FOR MEANINGFUL USE. WITH THIS, PHC HAS ENHANCED PATIENT CARE BY IMPLEMENTING AN ELECTRONIC HEALTH RECORD SYSTEM AS WELL AS THE MANY PATIENT SAFETY MEASURES THAT COMES WITH IT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Nelson Batoon Physician | 40 | $340,191 | |
Dr Lisa Mofle Physician | 40 | $306,747 | |
Dr Jerome Bentz Physician | 40 | $290,478 | |
Mark Burket CEO | Officer | 40 | $226,063 |
Jeffrey Konstanz Physician Assistant | 40 | $192,197 | |
Tia Haines Physician Assistant | 40 | $123,318 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avera Mckennan Hospital Purchased Services | 6/29/22 | $251,611 |
Climate Systems Inc Purchase And Install Of Hvac System | 6/29/22 | $1,394,241 |
Avel Ecare Telehealth Services | 6/29/22 | $177,865 |
Avera Queen Of Peace Management Agree/services | 6/29/22 | $872,029 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $848,891 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $885,091 |
| Total Program Service Revenue | $17,277,720 |
| Investment income | $95,113 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $79,266 |
| Net Gain/Loss on Asset Sales | $83,152 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,420,342 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,267 |
| 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. | $420,503 |
| Compensation of current officers, directors, key employees. | $420,503 |
| Compensation to disqualified persons | $47,536 |
| Other salaries and wages | $8,029,710 |
| Pension plan accruals and contributions | $379,817 |
| Other employee benefits | $1,585,738 |
| Payroll taxes | $524,211 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,802 |
| Fees for services: Accounting | $80,322 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $776,570 |
| Advertising and promotion | $29,659 |
| Office expenses | $532,632 |
| Information technology | $433,109 |
| Royalties | $0 |
| Occupancy | $356,705 |
| Travel | $37,960 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,792 |
| Interest | $233,116 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $912,409 |
| Insurance | $122,131 |
| All other expenses | $76,737 |
| Total functional expenses | $15,918,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,976,430 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,124,372 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $278,376 |
| Prepaid expenses and deferred charges | $114,721 |
| Net Land, buildings, and equipment | $6,539,242 |
| Investments—publicly traded securities | $1,110,969 |
| Investments—other securities | $9,356,925 |
| Investments—program-related | $172,968 |
| Intangible assets | $0 |
| Other assets | $570,698 |
| Total assets | $26,244,701 |
| Accounts payable and accrued expenses | $1,523,623 |
| Grants payable | $0 |
| Deferred revenue | $153,603 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $803 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,592,715 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $292,667 |
| Total liabilities | $7,563,411 |
| Net assets without donor restrictions | $15,862,642 |
| Net assets with donor restrictions | $2,818,648 |
| 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 | $26,244,701 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Platte Community Memorial Hospital Inc has recieved totaling $39,865.
| Awarding Organization | Amount |
|---|---|
Avera Health Sioux Falls, SD PURPOSE: Sponsorship | $39,865 |
Endowment Analysis
| Beg. Balance | $2,936,661 |
| Earnings | -$326,207 |
| Net Contributions | $962 |
| Ending Balance | $2,611,416 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Glendive Medical Center Inc Glendive, MT | $48,669,322 | $43,447,835 |
Cabinet Peaks Medical Center Libby, MT | $72,294,140 | $47,370,085 |
Wyoming Hospital Association Cheyenne, WY | $13,654,698 | $39,324,573 |
Deer River Health Care Center Inc Deer River, MN | $45,625,838 | $43,385,776 |
United Hospital District Inc Blue Earth, MN | $51,620,519 | $43,623,403 |
Centracare Health System Sauk Centre Sauk Centre, MN | $63,807,230 | $38,896,016 |
Essentia Health Moose Lake Moose Lake, MN | $67,296,296 | $51,236,732 |
Plains Hospitals Inc Plains, MT | $35,008,073 | $37,271,280 |
Avera Granite Falls Granite Falls, MN | $28,331,941 | $28,529,564 |
Coteau Des Prairies Hospital Sisseton, SD | $23,381,940 | $26,266,200 |
Saint Elizabeths Hospital Of Wabasha Inc Wabasha, MN | $25,174,071 | $20,545,008 |
Pine Medical Center Sandstone, MN | $36,442,928 | $22,145,209 |