Faith Regional Health Services

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.

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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pathology Medical Service
Lab Services
$510,021
Sioux City Night Patrol
Security Services
$336,358
Seim Johnson Llp
Accounting Services
$160,410
Brogan & Lammli
Legal Services
$195,176
Virtual Radiologic Corporation
Lab Services
$140,754
View All Vendors

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

Grants Awarded

Over the last fiscal year, Faith Regional Health Services has awarded $266,803 in support to 6 organizations.

Grant RecipientAmount

NORTHERN NEBRASKA AREA HEALTH EDUCATION CENTER (AHEC)

Org PageRecipient Profile

Norfolk, NE

PURPOSE: DEFRAY OPERATING COSTS

$122,619

NORFOLK FAMILY YMCA

Org PageRecipient Profile

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 AREA UNITED WAY

Org PageRecipient Profile

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

BIRTHRIGHT OF NORFOLK INC

Org PageRecipient Profile

Norfolk, NE

PURPOSE: DEFRAY OPERATING COSTS

$5,684
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Faith Regional Health Services has recieved totaling $57,000.

Awarding OrganizationAmount
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
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,533,918
Earnings$1,077,997
Net Contributions$50
Ending Balance$6,611,965

Peer Organizations

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