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← PHELPS MEMORIAL HEALTH CENTER

Form 990 for tax year 2023

Filed by PHELPS MEMORIAL HEALTH CENTER.

Totals

Total revenue
$85,948,028
Total expenses
$83,926,537
Contributions and grants received
$616,873
Grants paid
$57,096
Program service revenue
$83,488,007
Investment income
$648,916
Other revenue
$1,194,232
Total assets, end of year
$173,624,057
Total liabilities, end of year
$31,461,913
Net assets or fund balances, end of year
$142,162,144
Program services expenses (Part IX)
$73,206,073
Management and general expenses
$10,720,464
Fundraising expenses
$0
Program service expenses (Part III)
$73,206,073

Program services were 87.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $603,941

  • 1f · All other contributions, gifts and grants

    $12,932

  • 2a · Program service revenue: NET PATIENT REVENUE

    total $79,023,687 · related or exempt $79,023,687

  • 2b · Program service revenue: AIR TRANSPORTATION

    total $2,201,948 · related or exempt $2,201,948

  • 2c · Program service revenue: EMPLOYEE PHARMACY REVENUE

    total $1,296,723 · related or exempt $1,296,723

  • 2d · Program service revenue: PHARMACY REVENUE

    total $340,948 · related or exempt $340,948

  • 2e · Program service revenue: CAFETERIA

    total $247,273 · related or exempt $247,273

  • 2f · All other program service revenue

    total $377,428 · related or exempt $224,458 · unrelated business $152,970

  • 3 · Investment income

    total $2,458,201 · excluded $2,458,201

  • 6a · Gross rents

    real property $849,682

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $849,682

  • 6d · Net rental income or loss

    total $849,682 · related or exempt $849,682

  • 7a · Gross sales of assets other than inventory

    securities $11,653,611 · other assets $13,512

  • 7b · Less cost or other basis and sales expenses

    securities $13,457,666 · other assets $18,742

  • 7c · Gain or loss

    securities -$1,804,055 · other assets -$5,230

  • 7d · Net gain or loss

    total -$1,809,285 · excluded -$1,809,285

  • 11a · Other revenue: CUSTOM SOFTWARE LEASE

    total $344,550 · unrelated business $344,550

  • 11e · Other revenue, total

    $344,550

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $57,096 · program services $57,096

  • 5 · Compensation of officers, directors and key employees

    total $1,012,878 · management and general $1,012,878

  • 6 · Compensation of disqualified persons

    total $31,056 · program services $31,056

  • 7 · Other salaries and wages

    total $22,411,514 · program services $19,087,042 · management and general $3,324,472

  • 8 · Pension plan contributions

    total $615,357 · program services $516,979 · management and general $98,378

  • 9 · Other employee benefits

    total $7,119,270 · program services $5,609,776 · management and general $1,509,494

  • 10 · Payroll taxes

    total $1,590,992 · program services $1,303,635 · management and general $287,357

  • 11a · Fees: management

    total $169,000 · management and general $169,000

  • 11b · Fees: legal

    total $199,108 · program services $16,246 · management and general $182,862

  • 11c · Fees: accounting

    total $30,887 · program services $30,887

  • 11d · Fees: lobbying

    total $5,182 · management and general $5,182

  • 11f · Fees: investment management

    total $275,022 · program services $275,022

  • 11g · Fees: other

    total $19,671,777 · program services $17,904,871 · management and general $1,766,906

  • 12 · Advertising and promotion

    total $306,715 · program services $3,467 · management and general $303,248

  • 13 · Office expenses

    total $8,097,120 · program services $7,577,237 · management and general $519,883

  • 16 · Occupancy

    total $1,197,964 · program services $1,053,946 · management and general $144,018

  • 17 · Travel

    total $3,437,659 · program services $3,080,705 · management and general $356,954

  • 20 · Interest

    total $721,777 · program services $630,868 · management and general $90,909

  • 22 · Depreciation, depletion and amortization

    total $8,110,346 · program services $7,328,602 · management and general $781,744

  • 23 · Insurance

    total $700,072 · program services $624,420 · management and general $75,652

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $7,227,619 · program services $7,227,619

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $844,443 · program services $759,318 · management and general $85,125

  • 24c · Other expenses: TAXES AND LICENSES

    total $46,797 · program services $46,797

  • 24d · Other expenses: UBI TAXES

    total $7,293 · program services $7,293

  • 24e · All other expenses

    total $39,593 · program services $33,191 · management and general $6,402

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,300 · end of year $5,203

  • 2 · Savings and temporary cash investments

    beginning of year $7,202,737 · end of year $10,441,508

  • 4 · Accounts receivable

    beginning of year $7,776,935 · end of year $8,771,535

  • 5 · Loans and receivables from officers and key people

    end of year $8,742,703

  • 8 · Inventories for sale or use

    beginning of year $1,253,649 · end of year $1,194,502

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,334,205 · end of year $1,729,374

  • 10a · Land, buildings and equipment: cost or other basis

    $129,850,974

  • 10b · Land, buildings and equipment: accumulated depreciation

    $70,934,028

  • 10c · Land, buildings and equipment, net

    beginning of year $59,268,539 · end of year $58,916,946

  • 11 · Investments: publicly traded securities

    beginning of year $76,491,809 · end of year $76,350,800

  • 12 · Investments: other securities

    beginning of year $48,836 · end of year $49,641

  • 13 · Investments: program-related

    beginning of year $298,850 · end of year $445,394

  • 14 · Intangible assets

    end of year $596,914

  • 15 · Other assets

    beginning of year $3,705,772 · end of year $6,379,537

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,934,795 · end of year $6,514,080

  • 20 · Tax-exempt bond liabilities

    beginning of year $14,781,956 · end of year $12,662,003

  • 23 · Secured mortgages and notes payable

    beginning of year $9,443,763 · end of year $11,162,442

  • 25 · Other liabilities

    beginning of year $426,408 · end of year $1,123,388

  • 27 · Net assets without donor restrictions

    beginning of year $125,350,682 · end of year $141,679,051

  • 28 · Net assets with donor restrictions

    beginning of year $449,028 · end of year $483,093

Mission and programs · 2023

Mission

TO ALWAYS PROVIDE EXCEPTIONAL QUALITY AND COMPASSIONATE CARE FOR THE FAMILIES WE SERVE.

Activities or mission (Part I)

PROGRESSIVE FAMILY-CENTERED HEALTH CARE PROVIDING EXCEPTIONAL QUALITY AND COMPASSIONATE CARE.

  • PHELPS MEMORIAL HEALTH CENTER (HEALTH CENTER) IS A NOT-FOR-PROFIT NEBRASKA CORPORATION THAT OPERATES A 25-BED CRITICAL ACCESS HOSPITAL LOCATED IN HOLDREGE, NEBRASKA. THE HEALTH CENTER PROVIDES INPATIENT, OUTPATIENT, SWING BED, EMERGENCY, CLINIC AND AMBULANCE SERVICES IN THE LOCAL AREA. ADMITTING PHYSICIANS ARE PRIMARILY PRACTITIONERS IN THE LOCAL AREA.THE HEALTH CENTER PROVIDES PATIENT FINANCIAL ASSISTANCE TO PATIENTS WHO ARE FINANCIALLY UNABLE TO PAY FOR HEALTHCARE SERVICES THEY RECEIVE. IT IS THE POLICY OF THE HEALTH CENTER NOT TO PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY AS PATIENT FINANCIAL ASSISTANCE. ACCORDINGLY, THE HEALTH CENTER DOES NOT REPORT THESE AMOUNTS IN PATIENT SERVICE REVENUE. THE HEALTH CENTER DETERMINES THE COSTS ASSOCIATED WITH PROVIDING PATIENT FINANCIAL ASSISTANCE BY AGGREGATING THE DIRECT AND INDIRECT COSTS, INCLUDING SALARIES, BENEFITS, SUPPLIES, AND OTHER OPERATING EXPENSES, BASED ON AN OVERALL COST TO CHARGE RATIO. THE COSTS OF CARING FOR THESE PATIENTS FOR THE YEAR ENDED DECEMBER 31, 2023 WAS APPROXIMATELY $440,000.

    Expenses $56,695,227 · Grants $57,096 · Revenue $54,241,495

  • PHARMACY - THE PHARMACY DEPARTMENT OVERSEES MEDICATION PURCHASING, STORAGE, DISPENSING, AND THE UTILIZATION THROUGHOUT PHELPS MEMORIAL HEALTH CENTER. THE PHARMACY STAFF PLAYS AN IMPORTANT ROLE IN PROVIDING DRUG INFORMATION TO HEALTH CARE PROFESSIONALS AT PHELPS MEMORIAL HEALTH CENTER. WITH THE USE OF DISPENSING TECHNOLOGIES, INCLUDING SMART INFUSION PUMPS, AND BAR-CODING BEDSIDE, THE PHARMACY DEPARTMENT AT PHELPS MEMORIAL HEALTH CENTER GIVES PATIENT SAFETY A TOP PRIORITY.

    Expenses $11,440,991 · Revenue $20,748,795

  • PHYSICAL THERAPY - THE THERAPY CENTER INCLUDES A LARGE GYM FOR TRAINING AND REHABILITATION, A WHIRLPOOL ROOM FOR WOUND CARE AND A SPORTS FLOOR FOR ATHLETIC TRAINING. PHYSICAL THERAPY ALLOWS INDIVIDUALS TO DEVELOP, RESTORE AND MAINTAIN MAXIMUM MOVEMENT AND FUNCTIONAL ABILITY THROUGHOUT LIFE. THIS INCLUDES PROVIDING SERVICES IN CIRCUMSTANCES WHERE MOVEMENT AND FUNCTION ARE THREATENED BY AGING, INJURY, OR DISEASE. THE HYDROWORX THERAPY POOL HELPS PATIENTS RECOVER FROM SURGERY AND ARTHRITIC SYMPTOMS AS WELL AS ATHLETIC REHABILITATION.OCCUPATIONAL THERAPY INCORPORATES MEANINGFUL AND PURPOSEFUL OCCUPATION TO ENABLE PEOPLE WITH LIMITATIONS OR IMPAIRMENTS TO PARTICIPATE IN EVERYDAY LIFE. OCCUPATIONAL THERAPISTS WORK WITH INDIVIDUALS, FAMILIES, GROUPS, AND POPULATIONS TO FACILITATE HEALTH AND WELL-BEING THROUGH ENGAGEMENT OR RE-ENGAGEMENT IN OCCUPATIONS AND EVERYDAY ACTIVITIES. OCCUPATIONAL THERAPY MAY INCLUDE RESTORING FUNCTION, ADAPTING THE PATIENT'S ENVIRONMENT, OR EVEN HELPING PATIENTS FIND EQUIPMENT TO HELP THEM PARTICIPATE MORE INDEPENDENTLY IN THEIR EVERYDAY ACTIVITIES. OCCUPATIONAL THERAPY HAS MORE ROOM TO EXPAND THEIR SERVICES AND BETTER SERVE THEIR PATIENTS.SPEECH THERAPY ADDRESSES PEOPLE'S SPEECH PRODUCTION, VOCAL PRODUCTION, SWALLOWING DIFFICULTIES AND LANGUAGE NEEDS.

    Expenses $4,636,599 · Revenue $8,408,699

  • PHYSICIAN CLINIC - PHELPS MEMORIAL HEALTH CENTER IS DEDICATED TO PROVIDING OUR PATIENTS WITH A HIGH LEVEL OF QUALITY CARE, RIGHT HERE IN HOLDREGE, NEBRASKA. PHMC CONTRACTS WITH MANY VISITING SPECIALISTS TO PROVIDE OUR PATIENTS WITH THE SPECIALTY CARE THEY NEED WITHOUT LEAVING TOWN. VISITING PHYSICIANS AND SURGEONS PROVIDE SPECIALTIES IN THE AREAS OF CARDIOLOGY, EAR, NOSE, THROAT, GENERAL SURGERY, PAIN MANAGEMENT, NEPHROLOGY, OBSTETRICS AND GYNECOLOGY, ONCOLOGY, OPTHALMOLOGY, ORTHOPAEDICS, SPINE, PODIATRY, PULMONARY, UROLOGY, AND WOUND TREATMENT.

    Expenses $433,256 · Revenue $785,730

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARK HARREL

    CEO

    Total calculated
    $571,035
    From this org
    $520,108
    From related orgs
    $0
    Other
    $50,927
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $452,527
    Bonus
    $67,581
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $41,777
    Filer's total
    $571,035

  • LOREN D SCHRODER

    CFO

    Total calculated
    $441,843
    From this org
    $391,738
    From related orgs
    $0
    Other
    $50,105
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $331,720
    Bonus
    $60,018
    Other
    $0
    Deferred
    $7,646
    Nontaxable benefits
    $42,459
    Filer's total
    $441,843

  • RUBEN CHAVEZ

    CRNA

    Total calculated
    $384,830
    From this org
    $333,076
    From related orgs
    $0
    Other
    $51,754
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $306,659
    Bonus
    $26,417
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $42,604
    Filer's total
    $384,830

  • JAMIE ROOKS

    CRNA

    Total calculated
    $377,685
    From this org
    $304,164
    From related orgs
    $0
    Other
    $73,521
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $277,997
    Bonus
    $26,167
    Other
    $0
    Deferred
    $23,944
    Nontaxable benefits
    $49,577
    Filer's total
    $377,685

  • RYAN LIESKE

    PHYSICIAN ASSISTANT

    Total calculated
    $256,247
    From this org
    $213,999
    From related orgs
    $0
    Other
    $42,248
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,745
    Bonus
    $20,254
    Other
    $0
    Deferred
    $5,565
    Nontaxable benefits
    $36,683
    Filer's total
    $256,247

  • LACIE WESTCOTT

    CHIEF EXPERIENCE OFFICER

    Total calculated
    $236,895
    From this org
    $197,799
    From related orgs
    $0
    Other
    $39,096
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,336
    Bonus
    $39,463
    Other
    $0
    Deferred
    $5,351
    Nontaxable benefits
    $33,745
    Filer's total
    $236,895

  • TYLER FRIES

    DIRECTOR OF PHARMACY

    Total calculated
    $232,416
    From this org
    $190,470
    From related orgs
    $0
    Other
    $41,946
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,294
    Bonus
    $20,176
    Other
    $0
    Deferred
    $5,959
    Nontaxable benefits
    $35,987
    Filer's total
    $232,416

  • MIKE PELSTER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • KYLE ANDERSON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • LINDA HEIDEN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • STEVE KNESS

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • JEFF BERNEY MD

    CHIEF OF STAFF

    Total calculated
    $17,040
    From this org
    $17,040
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • STEPHANIE DANNEHL

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DOUG HOHMAN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DON KRAUS

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MARK KRAUS

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • HEATHER MCQUILLAN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • WAYNE QUINCY

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LANCE THORELL

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BENJAMIN LANS

    MEMBER (THRU 7/23)

    Total calculated
    $0
    Hours/week
    2

  • NATALIE NELSEN

    MEMBER (THRU 4/23)

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM SANDY MD

    MEMBER (THRU 4/23)

    Total calculated
    $14,016
    From this org
    $14,016
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ADJACENT AIR LLC

    OPERATE AIR TRANSPORTATION · NE · income $2,201,948 · assets $4,560,818

    Directly controlled by PHELPS MEMORIAL HEALTH CENTER

  • ADJACENT PROPERTIES LLC

    MANAGE REAL ESTATE HOLDINGS · NE · income $818,901 · assets $5,058,009

    Directly controlled by PHELPS MEMORIAL HEALTH CENTER

  • ADJACENT ENTERTAINMENT LLC

    THEATER OPERATION · NE · income $259,421 · assets $1,864,441

    Directly controlled by PHELPS MEMORIAL HEALTH CENTER

  • PMHC PHARMACY GROUP

    RETAIL PHARMACY OPERATION · NE · income $1,296,771 · assets $478,256

    Directly controlled by PHELPS MEMORIAL HEALTH CENTER

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PAPJV LLC

    RELATED · CARDIAC CATHETERIZATION LAB · NE · 51% owned · share of income $644,601 · share of assets $446,445 · general or managing partner

    Directly controlled by PHELPS MEMORIAL HEALTH CENTER

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202443139349303719

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