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← HUDSON HOSPITAL FOUNDATION

Form 990 for tax year 2024

Filed by HUDSON HOSPITAL FOUNDATION.

Totals

Total revenue
$481,650
Total expenses
$213,911
Contributions and grants received
$300,867
Grants paid
$213,911
Program service revenue
$0
Investment income
$190,954
Other revenue
-$10,171
Total assets, end of year
$6,716,988
Total liabilities, end of year
$226,378
Net assets or fund balances, end of year
$6,490,610
Program services expenses (Part IX)
$213,911
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$213,911

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.

  • 1c · Fundraising events

    $92,173

  • 1d · Related organizations

    $1,550

  • 1f · All other contributions, gifts and grants

    $207,144

  • 1g · Noncash contributions included above

    $8,151

  • 3 · Investment income

    total $190,954 · excluded $190,954

  • 8a · Fundraising events: gross income

    $25,129

  • 8a · Fundraising events: contributions included on line 1c

    $92,173

  • 8b · Fundraising events: direct expenses

    $35,300

  • 8c · Net income from fundraising events

    total -$10,171 · excluded -$10,171

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $204,911 · program services $204,911

  • 2 · Grants to domestic individuals

    total $9,000 · program services $9,000

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,624,638 · end of year $864,463

  • 3 · Pledges and grants receivable

    beginning of year $434,795 · end of year $25,100

  • 11 · Investments: publicly traded securities

    beginning of year $4,492,480 · end of year $5,827,425

  • 17 · Accounts payable and accrued expenses

    beginning of year $614,573 · end of year $226,378

  • 27 · Net assets without donor restrictions

    beginning of year $5,041,933 · end of year $5,461,647

  • 28 · Net assets with donor restrictions

    beginning of year $895,407 · end of year $1,028,963

Mission and programs · 2024

Mission

TO SUPPORT, ACT FOR THE BENEFIT OF, AND CARRY OUT THE CHARITABLE PURPOSE OF HUDSON HOSPITAL, INC. BY SUPPORTING COMMUNITY HEALTH EDUCATION, PROVIDING HOME CARE ASSISTANCE, AND CONTRIBUTING TO OTHER HEALTH RELATED CHARITABLE ENDEAVORS.

Activities or mission (Part I)

TO SUPPORT AND CARRY OUT THE CHARITABLE PURPOSE OF HUDSON HOSPITAL, INC.

  • SEE SCHEDULE O - EXEMPT PURPOSE AND ACHIEVEMENTS FOR A DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS

    Expenses $213,911 · Grants $213,911

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

Listed in Part VII

  • Isabella Bronson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kimberly Best Payne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Peter Goodwin

    DIRECTOR & VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Melissa Kolb

    DIRECTOR & SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Katie Kranz

    DIRECTOR & CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Randy Lafaive

    DIRECTOR & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Martin E Richards MD

    DIRECTOR

    Total calculated
    $621,250
    From this org
    $0
    From related orgs
    $547,694
    Other
    $73,556
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $445,881 related
    Bonus
    $0 + $22,840 related
    Other
    $0 + $78,973 related
    Deferred
    $0 + $25,875 related
    Nontaxable benefits
    $0 + $47,681 related
    Filer's total
    $0 + $621,250 related

  • Tim Michaels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Nicole Cherrier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Sam Moen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Laura Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Erika Schendel

    FOUNDATION DIRECTOR

    Total calculated
    $146,620
    From this org
    $0
    From related orgs
    $135,764
    Other
    $10,856
    Hours/week
    0.5 + 49.5 related

  • Thomas J Borowski

    PRESIDENT

    Total calculated
    $481,607
    From this org
    $0
    From related orgs
    $413,947
    Other
    $67,660
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $315,611 related
    Bonus
    $0 + $85,787 related
    Other
    $0 + $12,549 related
    Deferred
    $0 + $27,756 related
    Nontaxable benefits
    $0 + $39,904 related
    Filer's total
    $0 + $481,607 related

  • Alita R Risinger

    CFO (JULY - DEC)

    Total calculated
    $880,339
    From this org
    $0
    From related orgs
    $725,287
    Other
    $155,052
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $483,006 related
    Bonus
    $0 + $238,898 related
    Other
    $0 + $3,383 related
    Deferred
    $0 + $105,485 related
    Nontaxable benefits
    $0 + $49,567 related
    Filer's total
    $0 + $880,339 related

  • Douglas E Johnson

    CFO (JAN - JUN)

    Total calculated
    $540,868
    From this org
    $0
    From related orgs
    $511,654
    Other
    $29,214
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,865 related
    Bonus
    $0 + $136,445 related
    Other
    $0 + $176,344 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,214 related
    Filer's total
    $0 + $540,868 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE FOUNDATION HAS NO EMPLOYEES AND DOES NOT PAY COMPENSATION. ALL OFFICER AND KEY EMPLOYEES ARE PAID BY GROUP HEALTH, INC., REGIONS HOSPITAL, RELATED ORGANIZATIONS OR BY HUDSON HOSPITAL, INC (HUDSON). ANY COMPENSATION IS DETERMINED SOLELY BY THE RELATED ORGANIZATIONS.
PART I, LINE 4B
DEFERRED COMPENSATION IN COLUMN C OF SCHEDULE J, PART II INCLUDES AMOUNTS FROM A NONQUALIFIED 457(F) PLAN FOR THE FOLLOWING DIRECTORS: ALITA R. RISINGER $ 50,924
990, SCH. J, PART II - PRIOR REPORTED COMPENSATION
COLUMN (F) INCLUDES AMOUNTS PAID TO PARTICIPANTS IN THE CURRENT YEAR, WHICH WERE PREVIOUSLY REPORTED IN COLUMN (C) OF PRIOR YEARS' 990'S, AS RETIREMENT AND DEFERRED COMPENSATION, FOR THE FOLLOWING DIRECTORS DOUGLAS JOHNSON $121,739 ANY ANALYSIS OF EARNINGS FOR THE CURRENT YEAR, FOR THESE PARTICIPANTS OF THE PLAN, SHOULD EXCLUDE THE AMOUNT IN COLUMN F AS PART OF THE ANALYSIS SINCE THOSE EARNINGS WERE ALREADY REPORTED IN COLUMN (C) OF PREVIOUS YEARS' 990'S.

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

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.

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.

Related corporations and trusts

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

  • HEALTHPARTNERS ADMINISTRATORS INC

    C · THIRD PARTY ADMINISTRATOR · MN

    Directly controlled by HEALTHPARTNERS INC

  • HEALTHPARTNERS ASSOCIATES INC

    C · MEDICAL CLINIC STAFFING AND ASSET MANAGEMENT · MN

    Directly controlled by HEALTHPARTNERS ADMINISTRATORS INC

  • HEALTHPARTNERS SERVICES INC

    C · MEDICAL CLINIC STAFFING AND ASSET MANAGEMENT · MN

    Directly controlled by HEALTHPARTNERS ADMINISTRATORS INC

  • HEALTHPARTNERS INSURANCE COMPANY

    C · MEDICAL AND DENTAL INSURANCE · MN

    Directly controlled by HEALTHPARTNERS ADMINISTRATORS INC

  • DENTAL SPECIALTIES INC

    C · PROFESSIONAL DENTAL SERVICES · MN

    Directly controlled by HEALTHPARTNERS ADMINISTRATORS INC

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349317432

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