Marshall County Memorial Hospital
- Assets
- $17.5m
- Revenue
- $10.9m
- Investments
- $5.6m
- Employees
- 148
- Location
- Britton, SD
- Founding
- 11/1984
- Data as of
- 06/2022
- EIN
- 46-0380552
Organization Overview
Marshall County Memorial Hospital, operating under the name Marshall County Healthcare Center, is located in Britton, SD. The organization was established in 1984. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Marshall County Healthcare Center employed 148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshall County Healthcare 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 06/2022, Marshall County Healthcare Center generated $10.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $10.5m during the year ending 06/2022. While expenses have increased by 7.0% 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
TO PROVIDE HEALTHCARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARSHALL COUNTY HEALTHCARE CENTER OPERATES A 20-BED ACUTE CARE HOSPITAL, A 25 UNIT ASSISTED & INDEPENDENT LIVING FACILITY, AND A PROVIDER BASED, RURAL HEALTH CLINIC LOCATED IN BRITTON, SOUTH DAKOTA. HEALTH CARE SERVICES INCLUDE ACUTE INPATIENT CARE, SWING BED CARE AND OUTPATIENT & CLINIC SERVICES. FOR YEAR ENDED JUNE 30, 2022, THE AMOUNTS AND TYPES OF CARE PROVIDED WERE: 384 ACUTE PATIENT DAYS; 495 SWING-BED DAYS; 4,854 CLINIC VISITS, AND 5,118 ASSISTED & INDEPENDENT LIVING DAYS.MCHC PROVIDES HEALTH CARE SERVICES TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAT ESTABLISHED RATES. SINCE MCHC DOES NOT PURSUE COLLECTION OF THESE AMOUNTS, THEY ARE NOT REPORTED AS PATIENT SERVICE REVENUE.THE ESTIMATED COST OF PROVIDING THESE SERVICES WAS $18,000 FOR THE YEAR ENDED JUNE 30, 2022, CALCULATED BY MULTIPLYING THE RATIO OF COST TO GROSS CHARGES FOR MCHC BY THE GROSS UNCOMPENSATED CHARGES ASSOCIATED WITH PROVIDING CHARITY CARE TO ITS PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Fosness CEO | Officer | 40 | $171,693 |
Amanda Schmieg Nurse Practioner | 36 | $162,745 | |
Sara Raabe Nurse Practioner | 36 | $138,540 | |
Jill Zuehlke Nurse Practioner | 36 | $138,346 | |
Patty Roehr CFO | Officer | 40 | $107,511 |
Adrian Heitmann President | OfficerTrustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Comstock Construction Construction | 6/29/22 | $4,127,209 |
Avera St Luke's Admin, It, And Other Services | 6/29/22 | $1,289,114 |
Avel Ecare Llc Ecare Services | 6/29/22 | $148,981 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $357,578 |
| 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 | $357,578 |
| Total Program Service Revenue | $10,573,431 |
| Investment income | $6,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,647 |
| Net Gain/Loss on Asset Sales | -$75,420 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,874,285 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,353 |
| 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. | $336,875 |
| Compensation of current officers, directors, key employees. | $336,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,621,436 |
| Pension plan accruals and contributions | $248,385 |
| Other employee benefits | $1,163,630 |
| Payroll taxes | $332,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,009,745 |
| Advertising and promotion | $7,178 |
| Office expenses | $513,048 |
| Information technology | $332,437 |
| Royalties | $0 |
| Occupancy | $132,394 |
| Travel | $40,820 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,475 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $561,406 |
| Insurance | $10,150 |
| All other expenses | $182,770 |
| Total functional expenses | $10,530,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,152,368 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,401,442 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $206,405 |
| Prepaid expenses and deferred charges | $31,988 |
| Net Land, buildings, and equipment | $8,795,553 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,569,569 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $335,000 |
| Total assets | $17,492,325 |
| Accounts payable and accrued expenses | $1,554,918 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,750 |
| 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 | $1,556,668 |
| Net assets without donor restrictions | $15,904,998 |
| Net assets with donor restrictions | $30,659 |
| 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 | $17,492,325 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Marshall County Memorial Hospital has recieved totaling $14,623.
| Awarding Organization | Amount |
|---|---|
South Dakota Association Of Healthcare Organizations Healthcar Sioux Falls, SD PURPOSE: COVID-19 NATIONAL BIOTERRORISM HOSPITAL PREPAREDNESS PROGRAM | $14,623 |
Endowment Analysis
| Beg. Balance | $30,389 |
| Earnings | -$3,233 |
| Ending Balance | $27,156 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shenandoah Medical Center Shenandoah, IA | $66,279,280 | $53,754,700 |
St Josephs Area Health Services Park Rapids, MN | $107,908,671 | $54,027,271 |
Centracare Health System Of Melrose Melrose, MN | $87,022,550 | $45,743,382 |
Mille Lacs Health System Onamia, MN | $55,817,777 | $49,720,336 |
St Lukes Community Hospital Ronan, MT | $102,288,723 | $60,917,929 |
Stevens Community Medical Center Inc Morris, MN | $69,174,057 | $52,502,343 |
Mckenzie County Healthcare Systems Inc Watford City, ND | $109,663,436 | $42,844,188 |
Central Montana Medical Facilities Inc Lewistown, MT | $47,226,831 | $56,345,229 |
Huron Regional Medical Center Inc Huron, SD | $106,593,716 | $43,997,779 |
Knoxville Community Hospital Inc Knoxville, IA | $46,919,221 | $43,431,347 |
Mercy Medical Center-Centerville Centerville, IA | $60,826,455 | $40,820,271 |
Sioux Valley Memorial Hospital Association Cherokee, IA | $80,583,038 | $44,379,443 |