Sheridan Memorial Hospital Association
- Assets
- $12.7m
- Revenue
- $17.2m
- Investments
- $0.0
- Employees
- 194
- Location
- Plentywood, MT
- Founding
- 08/1956
- Data as of
- 06/2021
- EIN
- 81-0243720
Organization Overview
Sheridan Memorial Hospital Association is located in Plentywood, MT. The organization was established in 1956. 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, Sheridan Memorial Hospital Association employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheridan Memorial Hospital Association 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, Sheridan Memorial Hospital Association generated $17.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $14.5m during the year ending 06/2021. While expenses have increased by 2.8% 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
PROVIDE QUALITY CARE TO IMPROVE THE HEALTH AND WELL-BEING OF THE PEOPLE AND COMMUNITY WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHERIDAN MEMORIAL HOSPITAL ASSOCIATION OPERATES A 19-BED CRITICAL ACCESS HOSPITAL, A 45-BED LONG-TERM CARE FACILITY, AND A RURAL HEALTH CLINIC THAT BENEFIT THE PEOPLE IN THE SURROUNDING AREA. SMHA IS THE ONLY MEDICAL FACILITY IN SHERIDAN COUNTY, WHICH HAS A POPULATION OF APPROXIMATELY 3,400 RESIDENTS. HIGHLIGHTS OF THE ORGANIZATION'S ACCOMPLISHMENTS DURING FY21 ARE INCLUDED BELOW:THE CRITICAL ACCESS HOSPITAL IS WORKING WITH ARCHITECTS TO DISCUSS AND GENERATE A MASTER PLAN TO MOVE UP THE CT/LAB REMODEL. THE REMODEL WILL HELP WITH THE STAFF WORKFLOW AS WELL AS IMPROVING PATIENT CARE. THE EMERGENCY MEDICAL SERVICES DEPARTMENT MADE SEVERAL PURCHASES DURING THE YEAR TO IMPROVE PATIENT CARE AND/OR PROCESSES, INCLUDING TWO NI02 PAIN MANAGEMENT DELIVERY SYSTEMS AND A ZOLL X-SERIES MONITOR. ALL DEPARTMENTS OF SMHA TOOK NECESSARY PRECAUTIONS AND ADJUSTED WORKFLOWS TO MITIGATE THE RISKS PRESENTED BY COVID-19. SMHA CONDUCTED SEVERAL SURVEYS AND NO DEFICIENCIES WERE NOTED IN RELATION TO THE ORGANIZATION'S RESPONSE TO COVID-19.VOLUME INDICATORS FOR THE FISCAL YEAR ARE AS FOLLOWS: ACUTE CARE INPATIENT ADMISSIONS - 103ED VISITS - 839SWING BED PATIENTS - 75LONG-TERM CARE ADMISSIONS - 12HOME CARE VISITS - 2,082HOSPICE - 125CLINIC VISITS - 7,994
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Graham Pa | 40 | $285,861 | |
Martha Lauster Md | 40 | $262,450 | |
Lynne Graham Pa | 40 | $128,631 | |
Carlos Trevino Md | 10 | $126,641 | |
Archana Kayastha Fnp | 40 | $123,875 | |
Myrnette Miller Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Montana Hospital Network Staffing And Education | 6/29/21 | $185,420 |
Dakota Drug Pharmaceuticals | 6/29/21 | $287,574 |
Cerner Corporation Emr | 6/29/21 | $185,625 |
Billings Clinic Management Company | 6/29/21 | $760,729 |
Badlands Travel Staffing | 6/29/21 | $188,178 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $105,910 |
| Government grants | $3,104,746 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,662 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,302,318 |
| Total Program Service Revenue | $13,798,538 |
| Investment income | $9,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,000 |
| Net Gain/Loss on Asset Sales | $55,001 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,187,432 |
| 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 | $6,704,510 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $881,808 |
| Payroll taxes | $476,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,323 |
| Fees for services: Accounting | $42,392 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,641,050 |
| Advertising and promotion | $28,876 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $303,703 |
| Travel | $4,871 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,270 |
| Interest | $41,822 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $622,225 |
| Insurance | $142,807 |
| All other expenses | $254,463 |
| Total functional expenses | $14,472,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,747,692 |
| Savings and temporary cash investments | $2,566,106 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,646,626 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $257,152 |
| Prepaid expenses and deferred charges | $192,426 |
| Net Land, buildings, and equipment | $4,419,384 |
| Investments—publicly traded securities | $91,446 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $784,878 |
| Total assets | $12,705,710 |
| Accounts payable and accrued expenses | $3,071,571 |
| Grants payable | $0 |
| Deferred revenue | $942,880 |
| 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 | $675,291 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $344,898 |
| Total liabilities | $5,034,640 |
| Net assets without donor restrictions | $7,667,870 |
| Net assets with donor restrictions | $3,200 |
| 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 | $12,705,710 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sheridan Memorial Hospital Association has recieved totaling $149.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $149 |
Endowment Analysis
| Beg. Balance | $104,263 |
| Ending Balance | $104,263 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Community Hospital Ronan, MT | $102,288,723 | $60,917,929 |
Mckenzie County Healthcare Systems Inc Watford City, ND | $109,663,436 | $42,844,188 |
Central Montana Medical Facilities Inc Lewistown, MT | $47,226,831 | $56,345,229 |
Huron Regional Medical Center Inc Huron, SD | $106,593,716 | $43,997,779 |
St Lukes Mccall Ltd Boise, ID | $67,484,684 | $51,188,211 |
Barrett Hospital Development Corporation Dillon, MT | $67,300,968 | $44,328,208 |
Madison Community Hospital Madison, SD | $57,143,518 | $33,809,364 |
Frances Mahon Deaconess Hospital Glasgow, MT | $90,280,300 | $43,023,502 |
Northeast Montana Health Services Inc Wolf Point, MT | $54,863,112 | $35,417,380 |
Hot Springs County Hospital Dist Thermopolis, WY | $55,349,867 | $32,839,713 |
West River Health Services Hettinger, ND | $34,739,772 | $30,937,154 |
Winner Regional Healthcare Center Winner, SD | $30,381,417 | $28,242,551 |