Pratt Regional Medical Center Corporation
- Assets
- $65.5m
- Revenue
- $54.7m
- Investments
- $0.0
- Employees
- 462
- Location
- Pratt, KS
- Founding
- 11/1988
- Data as of
- 09/2021
- EIN
- 48-1058737
Organization Overview
Pratt Regional Medical Center Corporation is located in Pratt, KS. The organization was established in 1988. 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 09/2021, Pratt Regional Medical Center Corporation employed 462 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pratt Regional Medical Center Corporation 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 09/2021, Pratt Regional Medical Center Corporation generated $54.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $54.9m during the year ending 09/2021. While expenses have increased by 0.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A MEDICAL SYSTEM TO DIAGNOSE, TREAT, AND CARE FOR INDIVIDUALS SUFFERING FROM PHYSICAL ILLNESS, DISEASE, INJURY, OR DEFORMITY IN PRATT CO AND ADJACENT AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACUTE CARE HOSPITAL THAT PROVIDES MEDICAL CARE TO THE GENERAL PUBLIC. PRATT REGIONAL MEDICAL CENTER (PRMC) STRIVES TO PROVIDE EXCELLENT AND COMPASSIONATE HEALTHCARE SERVICES. AS A COMMUNITY NOT-FOR-PROFIT ORGANIZATION, WE TAKE SERIOUSLY OUR RESPONSIBILITY TO INVEST OUR RESOURCES AND ENERGIES INTO UNDERSTANDING AND MEETING THE DIVERSE HEALTH CARE NEEDS OF ALL, AND ENSURE THAT EVERYONE, REGARDLESS OF THEIR ABILITY TO PAY, RECEIVES THE CARE THEY NEED. - SEE SCHEDULE O FOR CONTINUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Neel Md | 40 | $853,871 | |
Ian Kovach Md | 40 | $825,692 | |
Brenda Westhoff Md | 40 | $623,321 | |
Aaron Zook Md | 40 | $579,770 | |
Luis Espinoza Md | 40 | $457,294 | |
Susan Page President | Officer | 39.5 | $186,552 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qualivis Nurse Staffing | 9/29/21 | $667,662 |
Pratt Mri Llc Mri Services | 9/29/21 | $826,864 |
Tru Bridge Medicare Billing/cle | 9/29/21 | $396,559 |
Hhs Culinary Nutrition Services | 9/29/21 | $641,543 |
Pratt Anesthesia Anesthesia Services | 9/29/21 | $268,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $115,858 |
| Government grants | $7,191,377 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,438,735 |
| Total Program Service Revenue | $44,054,987 |
| Investment income | $384,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $322,099 |
| Net Gain/Loss on Asset Sales | -$121,233 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,694,959 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,667 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $940,377 |
| Compensation of current officers, directors, key employees. | $940,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,494,292 |
| Pension plan accruals and contributions | $244,095 |
| Other employee benefits | $2,030,040 |
| Payroll taxes | $1,369,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,974 |
| Fees for services: Accounting | $55,250 |
| Fees for services: Lobbying | $4,309 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,261,395 |
| Advertising and promotion | $278,231 |
| Office expenses | $3,349,499 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,584,825 |
| Travel | $94,152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113,054 |
| Interest | $739,270 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,705,886 |
| Insurance | $533,168 |
| All other expenses | $621,381 |
| Total functional expenses | $54,867,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,383,283 |
| Savings and temporary cash investments | $96,026 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,628,214 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,931,868 |
| Prepaid expenses and deferred charges | $861,580 |
| Net Land, buildings, and equipment | $32,629,344 |
| Investments—publicly traded securities | $15,585,786 |
| Investments—other securities | $0 |
| Investments—program-related | $132,000 |
| Intangible assets | $0 |
| Other assets | $6,284,702 |
| Total assets | $65,532,803 |
| Accounts payable and accrued expenses | $6,968,012 |
| Grants payable | $0 |
| Deferred revenue | $5,115,943 |
| Tax-exempt bond liabilities | $10,357,131 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,449,087 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $32,890,173 |
| Net assets without donor restrictions | $32,544,332 |
| Net assets with donor restrictions | $98,298 |
| 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 | $65,532,803 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pratt Regional Medical Center Corporation has recieved totaling $116,000.
| Awarding Organization | Amount |
|---|---|
Pratt Health Foundation Pratt, KS PURPOSE: EQUIPMENT & PROPERTY PURCHASES | $61,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $55,000 |
Endowment Analysis
| Beg. Balance | $88,623 |
| Ending Balance | $88,623 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Marys Hospital Ozaukee Inc St Louis, MO | $0 | $119,639,290 |
Longmont United Hospital Longmont, CO | $214,203,834 | $134,718,375 |
Jane Phillips Memorial Medical Center Inc St Louis, MO | $87,499,100 | $121,263,469 |
Methodist Fremont Health Omaha, NE | $109,967,706 | $124,306,426 |
San Luis Valley Regional Medical Center Alamosa, CO | $124,351,894 | $116,651,217 |
Yampa Valley Medical Center Steamboat Springs, CO | $172,296,519 | $125,137,699 |
Ascension Via Christi Hospital Pittsburg Inc St Louis, MO | $71,765,236 | $104,056,265 |
St Marys Hospital St Louis, MO | $116,545,110 | $120,225,742 |
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 |