Marcus Daly Memorial Hospital Corporation
- Assets
- $106.4m
- Revenue
- $92.4m
- Investments
- $0.0
- Employees
- 740
- Location
- Hamilton, MT
- Founding
- 08/1938
- Data as of
- 06/2021
- EIN
- 81-0240726
Organization Overview
Marcus Daly Memorial Hospital Corporation is located in Hamilton, MT. The organization was established in 1938. 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 06/2021, Marcus Daly Memorial Hospital Corporation employed 740 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marcus Daly Memorial Hospital 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 06/2021, Marcus Daly Memorial Hospital Corporation generated $92.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $83.1m during the year ending 06/2021. While expenses have increased by 5.0% 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.
Since 2015, Marcus Daly Memorial Hospital Corporation has awarded 31 individual grants totaling $345,983. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR COMMITMENT TO THE BITTERROOT VALLEY IS QUALITY, ACCESSIBLE, PERSONALIZED HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARCUS DALY MEMORIAL HOSPITAL OWNS AND OPERATES A 25 LICENSED BED ACUTE CARE CRITICAL ACCESS HOSPITAL. THE HOSPITAL PROVIDES ACUTE CARE SERVICES TO PATIENTS IN RAVALLI COUNTY. THE SERVICES PROVIDED INCLUDE ACUTE CARE HOSPITAL, RELATED ANCILLARY SERVICES SUCH AS LABORATORY, RADIOLOGY, THERAPY, INPATIENT AND OUTPATIENT SURGERY, EMERGENCY CARE, AMBULANCE, CLINIC, INPATIENT AND OUTPATIENT HOSPICE CARE. THE HOSPITAL PROVIDES EMS SERVICES WITH 3 CREWS PROVIDING 911 SERVICE TO THE COUNTY. THE GOAL IS TO RESPOND WITHIN 20 MINUTES OR LESS TO ANY CALL WITHIN THE COUNTY. THE HOSPITAL IS A PEDIATRIC REHABILITATION PROVIDER OF PHYSICAL THERAPY, OCCUPATIONAL THERAPY AND SPEECH THERAPY USING CERTIFIED THERAPISTS. THE HOSPITAL CLINICS SEE ALL PATIENTS REGARDLESS OF INSURANCE OR ABILITY TO PAY AND ENABLE THE COMMUNITY ACCESS TO PRIMARY CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Richard Day Physician | 40 | $1,216,121 | |
Timothy Woods Board Member/physician | Trustee | 40 | $482,182 |
Dr Michael Dolecki Physician | 40 | $477,900 | |
Dr Kellan Clark Physician | 40 | $470,523 | |
Dr Joshua Waggener Physician | 40 | $460,530 | |
Dr Bristol Schmitz Physician | 40 | $422,034 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rolf Holle Md Medical Services | 6/29/21 | $162,040 |
Laboratory Copr Of America Main Reference Laboratory Services | 6/29/21 | $134,495 |
Availity Llc Revenue Cycle Services | 6/29/21 | $110,500 |
Healthcare Outsourcing Patient Payment Assistance | 6/29/21 | $420,115 |
Inland Imaging Business Associates Radiology Services | 6/29/21 | $189,196 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $84,186 |
| Government grants | $2,636,967 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,161 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,867,314 |
| Total Program Service Revenue | $89,237,487 |
| Investment income | $226,583 |
| Tax Exempt Bond Proceeds | $85 |
| Royalties | $0 |
| Net Rental Income | -$7,730 |
| Net Gain/Loss on Asset Sales | $14,968 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $92,436,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,000 |
| 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. | $1,396,019 |
| Compensation of current officers, directors, key employees. | $31,863 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,633,695 |
| Pension plan accruals and contributions | $1,783,043 |
| Other employee benefits | $6,307,589 |
| Payroll taxes | $2,730,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,632 |
| Fees for services: Accounting | $4,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,305,229 |
| Advertising and promotion | $87,381 |
| Office expenses | $7,259,517 |
| Information technology | $646,899 |
| Royalties | $0 |
| Occupancy | $335,639 |
| Travel | $44,533 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,294,917 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,755,681 |
| Insurance | $909,979 |
| All other expenses | $57,487 |
| Total functional expenses | $83,055,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,051,197 |
| Savings and temporary cash investments | $19,496,535 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,098,633 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $241,592 |
| Inventories for sale or use | $2,955,633 |
| Prepaid expenses and deferred charges | $602,938 |
| Net Land, buildings, and equipment | $43,268,837 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,515,522 |
| Intangible assets | $0 |
| Other assets | $4,193,869 |
| Total assets | $106,424,756 |
| Accounts payable and accrued expenses | $12,984,144 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $20,940,424 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,066,227 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,412,178 |
| Total liabilities | $46,402,973 |
| Net assets without donor restrictions | $55,771,930 |
| Net assets with donor restrictions | $4,249,853 |
| 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 | $106,424,756 |
Grants Awarded
Over the last fiscal year, Marcus Daly Memorial Hospital Corporation has awarded $29,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HAMILTON SCHOOL DISTRICT PURPOSE: SUPPORT FOR SCHOOL RN PROGRAM AND STUDENT ATHLETICS | $7,500 |
CORVALLIS SCHOOL DISTRICT PURPOSE: SUPPORT FOR SCHOOL RN PROGRAM AND STUDENT ATHLETICS | $7,500 |
FLORENCE CARTON SCHOOL DISTRICT PURPOSE: SUPPORT FOR SCHOOL RN PROGRAM AND STUDENT ATHLETICS | $7,500 |
STEVENSVILLE SCHOOL DISTRICT PURPOSE: SUPPORT FOR SCHOOL RN PROGRAM AND STUDENT ATHLETICS | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Marcus Daly Memorial Hospital Corporation has recieved totaling $349,505.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $275,000 |
Montana Healthcare Foundation Bozeman, MT PURPOSE: MARCUS DALY- IMPLEMENTATION OF INTEGRATED BEHAVIORAL HEALTH | $62,500 |
American Heart Association Inc Dallas, TX PURPOSE: STROKE PROGRAMS | $12,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $313,190 |
| Earnings | $1,065 |
| Other Expense | $1,065 |
| Ending Balance | $313,190 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Monument Health Rapid City Hospital Inc Rapid City, SD | $1,522,340,119 | $951,840,989 |
Saint Alphonsus Regional Medical Center Inc Boise, ID | $925,610,000 | $796,092,917 |
Altru Health System Grand Forks, ND | $1,039,192,012 | $613,611,037 |
Benefis Hospitals Inc Great Falls, MT | $1,107,455,974 | $564,158,876 |
Scl Health Montana Billings, MT | $989,559,217 | $521,618,398 |
Kalispell Regional Medical Center Inc Kalispell, MT | $442,714,603 | $452,513,636 |
St Peters Health Helena, MT | $451,491,963 | $316,195,673 |
St Alexius Medical Center Bismarck, ND | $266,454,652 | $270,899,366 |
Avera St Lukes Aberdeen, SD | $180,080,420 | $208,771,594 |
Saint Alphonsus Medical Center Nampa Inc Nampa, ID | $392,581,927 | $246,576,284 |
Monument Health Network Inc Rapid City, SD | $148,333,045 | $173,170,795 |
Bmh Inc Blackfoot, ID | $124,026,829 | $176,057,600 |