Faith Regional Health Services
- Assets
- $286.5m
- Revenue
- $300.2m
- Investments
- $0.0
- Employees
- 1,847
- Location
- Norfolk, NE
- Founding
- 07/1996
- Data as of
- 12/2021
- EIN
- 47-0796875
Organization Overview
Faith Regional Health Services is located in Norfolk, NE. The organization was established in 1996. 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 12/2021, Faith Regional Health Services employed 1,847 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Regional Health Services 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, Faith Regional Health Services generated $300.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $291.9m during the year ending 12/2021. While expenses have increased by 6.5% 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.
Since 2014, Faith Regional Health Services has awarded 66 individual grants totaling $1,676,799. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FAITH REGIONAL HEALTH SERVICES IS A HEALTHCARE ORGANIZATION PROVIDING ACUTE, SKILLED AND OUTPATIENT SERVICES TO INDIVIDUALS IN OUR SERVICE AREA.
Describe the Organization's Program Activity:
FAITH REGIONAL PROVIDES HEALTHCARE TO ALL PEOPLE REGARDLESS OF THEIR ABILITY TO PAY OR THEIR INSURANCE PROVIDER. DURING THE YEAR, FAITH REGIONAL PROVIDED SIGNIFICANT SERVICES FOR MEDICARE AND MEDICAID PATIENTS.
MANY SERVICES PROVIDED BY FAITH REGIONAL ARE DONE TO MEET SPECIFIC NEEDS OF THE COMMUNITY BECAUSE NO OTHER SERVICES ARE AVAILABLE. AS A RESULT, THESE SERVICES ARE PROVIDED KNOWING THAT THEY WILL NOT BE FINANCIALLY VIABLE OR SELF-SUPPORTING. THESE SERVICES INCLUDE BEHAVIORAL HEALTH INPATIENT AND OUTPATIENT SERVICES, CHILD ADVOCACY, DIABETIC EDUCATION, DIALYSIS SERVICES, ACUTE REHABILITATIVE SERVICES, HOME HEALTH CARE AND TRANSITIONAL CARE (LONG-TERM REHABILITATION) SERVICES.
A SUBSTANTIAL PORTION OF COMMUNITY BENEFITS PROVIDED BY FAITH REGIONAL IS THE PROVISION OF PATIENT CARE SERVICES THAT ARE NOT PAID FOR EITHER BY THE PATIENT OR THIRD PARTY INSURANCE. DURING 2021, FAITH PROVIDED PATIENTS JUST UNDER $1 MILLION IN ASSISTANCE WITH PAYING THEIR HOSPITAL BILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tristan L Hartzell MD Physician | 40 | $3,541,993 | |
Fadi Rzouq MD Physician | 40 | $3,387,592 | |
Nathan Herman MD Physician | 40 | $1,369,484 | |
Beethoven Brown MD Physician | 40 | $1,242,919 | |
John Lammli MD Physician | 40 | $1,177,871 | |
Robert Prince MD Member - Medical Director | Trustee | 40 | $745,368 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sioux City Night Patrol Security Services | 12/30/21 | $336,358 |
Seim Johnson Llp Accounting Services | 12/30/21 | $160,410 |
Virtual Radiologic Corporation Lab Services | 12/30/21 | $140,754 |
Pathology Medical Service Lab Services | 12/30/21 | $510,021 |
Brogan & Lammli Legal Services | 12/30/21 | $195,176 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $54,800 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $108,744 |
| Government grants | $4,950,168 |
| All other contributions, gifts, grants, and similar amounts not included above | $251,715 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,365,427 |
| Total Program Service Revenue | $292,707,231 |
| Investment income | $1,059,414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $74,647 |
| Net Gain/Loss on Asset Sales | $204,284 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $386 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $300,223,612 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $324,099 |
| 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. | $2,654,560 |
| Compensation of current officers, directors, key employees. | $1,323,147 |
| Compensation to disqualified persons | $628,631 |
| Other salaries and wages | $117,254,661 |
| Pension plan accruals and contributions | $3,375,408 |
| Other employee benefits | $14,205,207 |
| Payroll taxes | $6,703,428 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $392,841 |
| Fees for services: Accounting | $188,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,049,484 |
| Advertising and promotion | $1,028,238 |
| Office expenses | $9,409,065 |
| Information technology | $9,046,800 |
| Royalties | $0 |
| Occupancy | $6,941,039 |
| Travel | $238,526 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $547,179 |
| Interest | $2,782,522 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,610,584 |
| Insurance | $1,015,689 |
| All other expenses | $871,925 |
| Total functional expenses | $291,916,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,982 |
| Savings and temporary cash investments | $67,375,791 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,084,865 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,926,393 |
| Inventories for sale or use | $4,776,453 |
| Prepaid expenses and deferred charges | $5,089,469 |
| Net Land, buildings, and equipment | $122,461,782 |
| Investments—publicly traded securities | $42,861,644 |
| Investments—other securities | $0 |
| Investments—program-related | $3,338,141 |
| Intangible assets | $0 |
| Other assets | $12,384,959 |
| Total assets | $286,490,479 |
| Accounts payable and accrued expenses | $32,966,356 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $61,787,203 |
| 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 | $9,866,670 |
| Other liabilities | $14,121,034 |
| Total liabilities | $118,741,263 |
| Net assets without donor restrictions | $167,749,216 |
| 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 | $286,490,479 |
Grants Awarded
Over the last fiscal year, Faith Regional Health Services has awarded $266,803 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Norfolk, NE PURPOSE: DEFRAY OPERATING COSTS | $122,619 |
Norfolk, NE PURPOSE: ANNUAL GIVING/CAPITAL CAMPAIGN | $105,000 |
NE NEBRASKA ALL STAR CLASSIC PURPOSE: SPONSORSHIPS | $20,000 |
Norfolk, NE PURPOSE: SPONSORSHIPS | $7,500 |
Norfolk, NE PURPOSE: TO BUILD A STRONGER, HEALTHIER AND COMPASSIONATE COMMUNITY BY UNITING PEOPLE AND RESOURCES TO DEVELOP OR EXPAND HUMAN SERVICE PROGRAMS. | $6,000 |
Norfolk, NE PURPOSE: DEFRAY OPERATING COSTS | $5,684 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Faith Regional Health Services has recieved totaling $57,000.
| Awarding Organization | Amount |
|---|---|
Norfolk Area United Way Inc Norfolk, NE PURPOSE: CHILD ABUSE | $25,000 |
American Heart Association Inc Dallas, TX PURPOSE: STROKE PROGRAMS | $24,000 |
Nebraska Community Foundation Lincoln, NE PURPOSE: GENERAL SUPPORT | $8,000 |
Endowment Analysis
| Beg. Balance | $5,533,918 |
| Earnings | $1,077,997 |
| Net Contributions | $50 |
| Ending Balance | $6,611,965 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Scl Health - Front Range Inc Broomfield, CO | $769,910,245 | $929,785,452 |
Monument Health Rapid City Hospital Inc Rapid City, SD | $1,522,340,119 | $951,840,989 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
Ascension Providence Hospital St Louis, MO | $465,661,519 | $850,694,127 |
Stormont-Vail Healthcare Inc Topeka, KS | $1,007,583,672 | $817,729,703 |
Bryan Medical Center Lincoln, NE | $1,105,625,709 | $861,679,038 |