← NATIONAL HEALTHCARE RESEARCH AND EDUCATION FINANCE CORPORATION

Form 990 for tax year 2024

Filed by NATIONAL HEALTHCARE RESEARCH AND EDUCATION FINANCE CORPORATION.

Totals

Total revenue: $5,013,878
Total expenses: $4,276,835
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $4,293,150
Investment income: $720,728
Other revenue: $0
Total assets, end of year: $93,352,616
Total liabilities, end of year: $96,632,539
Net assets or fund balances, end of year: -$3,279,923
Program services expenses (Part IX): $4,276,835
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $4,276,835

Program services were 100.0% 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.

2a · Program service revenue: LEASE REVENUE

total $4,293,150 · related or exempt $4,293,150
3 · Investment income

total $720,728 · related or exempt $651,778 · excluded $68,950

Functional expenses

Part IX, the statement of functional expenses.

11c · Fees: accounting

total $1,250 · program services $1,250
22 · Depreciation, depletion and amortization

total $1,815,968 · program services $1,815,968
23 · Insurance

total $10,207 · program services $10,207
24a · Other expenses: BOND PREMIUM AMORTIZATION

total $2,443,410 · program services $2,443,410
24b · Other expenses: MANAGEMENT FEES

total $6,000 · program services $6,000

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $15,620 · end of year $1,663
2 · Savings and temporary cash investments

beginning of year $4,092,985 · end of year $15,672,244
9 · Prepaid expenses and deferred charges

beginning of year $7,280 · end of year $7,281
10a · Land, buildings and equipment: cost or other basis

$83,586,942
10b · Land, buildings and equipment: accumulated depreciation

$5,915,514
10c · Land, buildings and equipment, net

beginning of year $68,974,976 · end of year $77,671,428
17 · Accounts payable and accrued expenses

beginning of year $500 · end of year $4,002
20 · Tax-exempt bond liabilities

beginning of year $70,735,000 · end of year $90,749,009
25 · Other liabilities

beginning of year $6,372,327 · end of year $5,879,528
27 · Net assets without donor restrictions

beginning of year -$4,016,966 · end of year -$3,279,923

Mission and programs · 2024

Mission

PURSUANT TO THE BYLAWS, THE ORGANIZATION SHALL OPERATE EXCLUSIVELY TO SUPPORT THE CHARITABLE AND EDUCATIONAL PURPOSES OF HOSPITALS, ACADEMIC MEDICAL CENTERS AND MEDICAL RESEARCH ORGANIZATIONS BY PROVIDING OR FACILITATING LOW-COST FINANCING OF FACILITIES AND INFRASTRUCTURE FOR THE SUPPORTED ORGANIZATIONS.

Activities or mission (Part I)

THE FILING ORGANIZATION IS AUTHORIZED TO SUPPORT THE CHARITABLE AND EDUCATIONAL PURPOSES OF HOSPITALS, ACADEMIC MEDICAL CENTERS AND MEDICAL RESEARCH ORGANIZATIONS BY PROVIDING OR FACILITATING LOW-COST FINANCING OF FACILITIES AND INFRASTRUCTURE FOR THEIR SUPPORTED ORGANIZATIONS.

NATIONAL HEALTHCARE, RESEARCH AND EDUCATION FINANCE CORPORATION IS AUTHORIZED TO SUPPORT THE CHARITABLE AND EDUCATIONAL PURPOSES OF HOSPITALS, ACADEMIC MEDICAL CENTERS AND MEDICAL RESEARCH ORGANIZATIONS, INCLUDING NATIONAL JEWISH HEALTH & ASTERA HEALTH, THAT ARE ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE CODE (COLLECTIVELY,THE "SUPPORTED ORGANIZATIONS") BY PROVIDING OR FACILITATING LOW-COST FINANCING OF FACILITES AND INFRASTRUCTURE FOR THE SUPPORTED ORGANIZATIONS. IN ADDITION, NATIONAL HEALTHCARE RESEARCH AND EDUCATION FINANCE CORPORATION IS AUTHORIZED TO OWN, OPERATE AND LEASE, AS LESSOR OR LESSEE, NONPROFIT HEALTH CARE FACILITES IN A MANNER THAT WILL MINIMIZE THE COSTS TO THE PUBLIC FOR THE USE OF SUCH FACILITES, IN ORDER TO IMPROVE THE QUALITY OF HEALTH CARE.

Expenses $4,276,835 · Revenue $4,293,150

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Lee Edward AndersonLEE EDWARD ANDERSON

DIRECTOR, VP

Total calculated

$0
Monty HumbleMONTY HUMBLE

PRESIDENT, C

Total calculated

$0
Kevin LindermanKEVIN LINDERMAN

DIRECTOR

Total calculated

$0
Laurie StoneLAURIE STONE

DIRECTOR, VP

Total calculated

$0
Phillip WambsganssPHILLIP WAMBSGANSS

SECRETARY

Total calculated

$0

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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

NATIONAL JEWISH HEALTH

501C3 · HOSPITAL · CO

Directly controlled by NA
ASTERA HEALTH

501C3 · HOSPITAL · MN

Directly controlled by NA

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.

NJH-SJH CNTER FOR OUTPATIENT HEALTH

LEASE PROP · CO

Directly controlled by NHREFCO
WADENA CANCER CENTER LLC

LEASE PROP · MN

Directly controlled by NHREFCO

Provenance

Return type: form_990
Tax year: 2024
Filed: 9 October 2025
IRS schema version: 2024v5.0
Source object: 202533079349301788

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