Southwest Medical Center Foundation
- Assets
- $6.8m
- Revenue
- $245.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Liberal, KS
- Founding
- 12/1980
- Data as of
- 06/2022
- EIN
- 48-0908781
Organization Overview
Southwest Medical Center Foundation is located in Liberal, KS. The organization was established in 1980. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Medical Center Foundation 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, Southwest Medical Center Foundation generated $245.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $402.0k during the year ending 06/2022. While expenses have increased by 3.0% 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
SUPPORT FOR SOUTHWEST MEDICAL CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL SUPPORT FOR HOSPITAL
SCHOLARSHIPS FOR MEDICAL STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charla Light-Sallaska Secretary | OfficerTrustee | 0.25 | $0 |
Mark Schepers President | OfficerTrustee | 0.25 | $0 |
Jack Dufield Treasurer | OfficerTrustee | 0.5 | $0 |
Dr Ray Allen Vice President | OfficerTrustee | 0.5 | $0 |
Dennis Sander Trustee | Trustee | 0.5 | $0 |
Ivanhoe Love Jr Trustee | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200 |
| Total Program Service Revenue | $0 |
| Investment income | $197,348 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $101,318 |
| Net Gain/Loss on Asset Sales | -$53,873 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $244,993 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $315,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,651 |
| Fees for services: Accounting | $5,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,840 |
| Fees for services: Other | $8,700 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,174 |
| All other expenses | $0 |
| Total functional expenses | $401,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,735 |
| Savings and temporary cash investments | $750,773 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,392 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,887 |
| Net Land, buildings, and equipment | $431,685 |
| Investments—publicly traded securities | $5,553,028 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,456 |
| Total assets | $6,838,956 |
| Accounts payable and accrued expenses | $10,474 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,474 |
| Net assets without donor restrictions | $5,645,020 |
| Net assets with donor restrictions | $1,183,462 |
| 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 | $6,838,956 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Southwest Medical Center Foundation has recieved totaling $110,000.
| Awarding Organization | Amount |
|---|---|
East Texas Communties Foundation Inc Tyler, TX PURPOSE: Health, General | $100,000 |
Baughman Foundation Liberal, KS PURPOSE: ASSIST WITH PUBLIC HEALTH FAIR | $5,000 |
Cooper-Clark Foundation Liberal, KS PURPOSE: COMMUNITY HEALTH FAIR | $5,000 |
Endowment Analysis
| Beg. Balance | $1,200,909 |
| Earnings | -$102,879 |
| Admin Expense | $1,359 |
| Ending Balance | $1,096,671 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Newton Healthcare Corporation Newton, KS | $117,996,443 | $104,642,864 |
Integris Health Edmond Inc Oklahoma City, OK | $260,031,221 | $95,781,800 |
St Lukes Des Peres Episcopal-Presbyterian Hospital Chesterfield, MO | $97,618,886 | $86,507,537 |
Ascension Via Christi Hospital Manhattan Inc St Louis, MO | $74,708,914 | $108,962,150 |
Labette County Medical Center Parsons, KS | $105,070,673 | $101,559,622 |
Beatrice Community Hospital & Health Center Inc Beatrice, NE | $102,767,700 | $87,662,561 |
Mosaic Medical Center - Maryville Saint Joseph, MO | $38,239,596 | $87,440,620 |
Southwest Medical Center Liberal, KS | $107,680,952 | $90,025,619 |
Mercy Hospital Lebanon Lebanon, MO | $18,431,001 | $100,116,639 |
Saint Lukes Hospital Of Chillicothe Chillicothe, MO | $82,274,802 | $65,925,999 |
Cameron Regional Medical Center Inc Cameron, MO | $104,254,147 | $82,630,579 |
Perry County Health System Perryville, MO | $69,313,234 | $75,534,101 |