Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $176,216

• 1f · All other contributions, gifts and grants

  $251,844

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $22,447,005 · related or exempt $22,447,005

• 2b · Program service revenue: PHARMACY 340B REVENUE

  total $1,342,553 · related or exempt $1,342,553

• 3 · Investment income

  total $248,107 · excluded $248,107

• 6a · Gross rents

  real property $1,960

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,960

• 6d · Net rental income or loss

  total $1,960 · excluded $1,960

• 7a · Gross sales of assets other than inventory

  other assets $4,000

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

  other assets $0

• 7c · Gain or loss

  other assets $4,000

• 7d · Net gain or loss

  total $4,000 · excluded $4,000

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $95,870 · excluded $95,870

• 11b · Other revenue: CAFETERIA REVENUE

  total $72,333 · excluded $72,333

• 11c · Other revenue: OUTSIDE SERVICES REVENUE

  total $44,246 · excluded $44,246

• 11d · All other revenue

  total $20,847 · excluded $20,847

• 11e · Other revenue, total

  $233,296

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $7,755 · program services $7,755

• 7 · Other salaries and wages

  total $5,833,154 · program services $4,258,159 · management and general $1,574,995

• 8 · Pension plan contributions

  total $74,478 · program services $54,323 · management and general $20,155

• 9 · Other employee benefits

  total $784,591 · program services $571,306 · management and general $213,285

• 10 · Payroll taxes

  total $422,763 · program services $308,354 · management and general $114,409

• 11b · Fees: legal

  total $57,629 · management and general $57,629

• 11c · Fees: accounting

  total $77,723 · management and general $77,723

• 11g · Fees: other

  total $7,387,165 · program services $6,354,715 · management and general $1,032,450

• 12 · Advertising and promotion

  total $68,257 · program services $49,785 · management and general $18,472

• 13 · Office expenses

  total $519,737 · program services $379,085 · management and general $140,652

• 16 · Occupancy

  total $554,979 · program services $475,886 · management and general $79,093

• 17 · Travel

  total $55,686 · program services $47,444 · management and general $8,242

• 20 · Interest

  total $661,435 · program services $554,073 · management and general $107,362

• 22 · Depreciation, depletion and amortization

  total $1,430,318 · program services $1,268,279 · management and general $162,039

• 23 · Insurance

  total $126,468 · program services $126,468

• 24a · Other expenses: MEDICAL SUPPLIES

  total $2,571,479 · program services $2,571,479

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $919,092 · program services $919,092

• 24c · Other expenses: BAD DEBT

  total $619,503 · program services $619,503

• 24d · Other expenses: RENT EXPENSE

  total $260,696 · program services $260,696

• 24e · All other expenses

  total $542,364 · program services $542,364

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $935,122 · end of year $847,473

• 2 · Savings and temporary cash investments

  beginning of year $207,017 · end of year $209,092

• 4 · Accounts receivable

  beginning of year $4,539,977 · end of year $4,619,618

• 8 · Inventories for sale or use

  beginning of year $320,401 · end of year $302,080

• 9 · Prepaid expenses and deferred charges

  beginning of year $192,560 · end of year $293,224

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

  $31,976,382

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

  $19,043,039

• 10c · Land, buildings and equipment, net

  beginning of year $13,718,486 · end of year $12,933,343

• 11 · Investments: publicly traded securities

  beginning of year $3,456,499 · end of year $3,884,759

• 12 · Investments: other securities

  beginning of year $61,490 · end of year $66,857

• 15 · Other assets

  beginning of year $8,093,738 · end of year $9,086,832

• 17 · Accounts payable and accrued expenses

  beginning of year $1,661,153 · end of year $1,782,130

• 23 · Secured mortgages and notes payable

  beginning of year $18,345,157 · end of year $17,499,983

• 25 · Other liabilities

  beginning of year $697,868 · end of year $25,048

• 27 · Net assets without donor restrictions

  beginning of year $10,401,017 · end of year $12,455,188

• 28 · Net assets with donor restrictions

  beginning of year $420,095 · end of year $480,929

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION FOR MANAGEMENT OF PRAIRIE RIDGE HOSPITAL AND HEALTH SERVICES REVIEWED ANNUALLY AND COMPARED TO SALARY SURVEYS FOR SIMILAR ORGANIZATIONS. COMPENSATION IS PRESENTED FOR APPROVAL BY THE EXECUTIVE COMMITTEE.

PART I, LINE 6

LRHC HAS IMPLEMENTED AN INCENTIVE COMPENSATION PROGRAM FOR CERTAIN EXECUTIVE LEADERSHIP POSITIONS WITHIN THE ORGANIZATION. CERTAIN MEASURES AND GOALS NEED TO BE MET IN ORDER FOR THE COMPENSATION TO BE PAID OUT IN WHOLE, SUCH AS MEETING FINANCIAL PERFORMANCE EXPECTATIONS AND QUALITY METRICS AND SUCCESSFUL IMPLEMENTATION OF STRATEGIC GOALS. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS PERFORMANCE ANNUALLY AND DETERMINES ANY AMOUNTS OF COMPENSATION THAT IS AWARDED.

Related partnerships

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

• RURAL HEALTH ALLIANCE LLC

  RELATED · EQUIPMENT SALES · MN · 11.11% owned · share of income $45,973 · share of assets $143,091 · general or managing partner

  Directly controlled by PRAIRIE RIDGE HOSPITAL AND HEALTH SERVICES INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• WEST CENTRAL LINEN SERVICES

  C · LAUNDRY AND LINEN · MN