Franciscan Health Rensselaer
- Assets
- $23.7m
- Revenue
- $33.9m
- Investments
- $83.4k
- Employees
- 245
- Location
- Rensselaer, IN
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 47-3825106
Organization Overview
Franciscan Health Rensselaer is located in Rensselaer, IN. The organization was established in 1946. 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, Franciscan Health Rensselaer employed 245 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Franciscan Health Rensselaer 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, Franciscan Health Rensselaer generated $33.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $37.2m during the year ending 12/2021. While expenses have increased by 16.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
FRANCISCAN HEALTH RENSSELAER, INC. IS A TWENTY FIVE BED CRITICAL CARE HOSPITAL LOCATED IN RENSSELAER, INDIANA PROVIDING HEALTH CARE SERVICES TO THE RESIDENTS OF JASPER AND SURROUNDING COUNTIES. SERVICES PROVIDED INCLUDE INPATIENT AND OUTPATIENT MEDICAL, SURGICAL, EXTENDED CARE, DIAGNOSTIC, EMERGENCY CARE, AS WELL AS THE OPERATION OF TWO RURAL HEALTH CLINICS. SPECIALTY SERVICES INCLUDE CARDIOLOGY, ORTHOPEDICS, UROLOGY, AND ONCOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kari L Goodman Director Patient Care Services | 40 | $131,062 | |
Susan L Hooker Manager Pharmacy Services | 40 | $130,388 | |
Christina M Hoaks Sane Nurse | 40 | $125,156 | |
Amy J Signman Registered Nurse | 40 | $118,651 | |
Shannon L Finchum Registered Nurse | 40 | $115,772 | |
Sister Lethia Marie Leveille Secretary & Trustee | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Circle R Mechanical Maintenance | 12/30/21 | $151,917 |
American Physician Partners Llc Physician Fees | 12/30/21 | $1,080,817 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $181,616 |
| 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 | $181,616 |
| Total Program Service Revenue | $33,677,037 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,704 |
| Net Gain/Loss on Asset Sales | $1,147 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,880,156 |
| 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 | $10,844,394 |
| Pension plan accruals and contributions | $568,677 |
| Other employee benefits | $1,432,095 |
| Payroll taxes | $668,018 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $999,321 |
| Advertising and promotion | $16,211 |
| Office expenses | $46,208 |
| Information technology | $15,542 |
| Royalties | $0 |
| Occupancy | $941,154 |
| Travel | $80,055 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,778 |
| Interest | $803,829 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,776,311 |
| Insurance | $254,506 |
| All other expenses | $4,424,488 |
| Total functional expenses | $37,218,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,431,577 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $770,320 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,447,103 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $83,413 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $973,653 |
| Total assets | $23,707,166 |
| Accounts payable and accrued expenses | $2,534,464 |
| 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 | $37,530,660 |
| Other liabilities | $9,254,028 |
| Total liabilities | $49,319,152 |
| Net assets without donor restrictions | -$25,695,399 |
| Net assets with donor restrictions | $83,413 |
| 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 | $23,707,166 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Franciscan Health Rensselaer has recieved totaling $261,717.
| Awarding Organization | Amount |
|---|---|
Franciscan Health Foundation Inc Mishawaka, IN PURPOSE: VARIOUS PROGRAMS | $181,616 |
Indiana Hospital Association Inc Indianapolis, IN PURPOSE: COVID-19 RELIEF FUNDS | $80,101 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Marys Hospital Ozaukee Inc St Louis, MO | $0 | $119,639,290 |
Norton - Kings Daughters Health Inc Madison, IN | $327,672,291 | $141,257,726 |
Margaret Mary Community Hospital Inc Batesville, IN | $200,618,179 | $130,077,852 |
Gibson Area Hospital Gibson City, IL | $63,536,615 | $119,801,214 |
Jane Phillips Memorial Medical Center Inc St Louis, MO | $87,499,100 | $121,263,469 |
St Nicholas Hospital Of The Hospita Sisters Of The Third Order Of St F Sheboygan, WI | $160,864,409 | $138,043,178 |
Holy Cross Hospital Chicago, IL | $142,348,563 | $113,770,792 |
Beaver Dam Community Hospitals Inc Beaver Dam, WI | $193,989,750 | $109,285,462 |
Ottawa Regional Hospital & Healthcare Center Peoria, IL | $91,725,518 | $145,777,119 |
St Bernard Hospital Chicago, IL | $104,253,183 | $104,812,040 |
Arh Tug Valley Health Services Inc Lexington, KY | $46,450,356 | $119,809,065 |
Prohealth Oconomowoc Memorial Hospital Inc Oconomowoc, WI | $128,184,799 | $110,175,380 |