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← PRESENTATION MEDICAL CENTER

Form 990 for tax year 2023

Filed by PRESENTATION MEDICAL CENTER.

Totals

Total revenue
$14,532,147
Total expenses
$14,742,856
Contributions and grants received
$20,386
Grants paid
$0
Program service revenue
$14,426,120
Investment income
$79,521
Other revenue
$6,120
Total assets, end of year
$10,613,288
Total liabilities, end of year
$2,580,620
Net assets or fund balances, end of year
$8,032,668
Program services expenses (Part IX)
$11,452,960
Management and general expenses
$3,289,896
Fundraising expenses
$0
Program service expenses (Part III)
$11,452,960

Program services were 77.7% 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)

    $20,386

  • 2a · Program service revenue: Patient service revenue

    total $14,080,273 · related or exempt $14,080,273

  • 2b · Program service revenue: Outside Laundry Revenue

    total $171,528 · related or exempt $171,528

  • 2c · Program service revenue: Pharmacy

    total $113,373 · related or exempt $113,373

  • 2f · All other program service revenue

    total $60,946 · related or exempt $60,946

  • 3 · Investment income

    total $79,521 · excluded $79,521

  • 6a · Gross rents

    real property $15,229

  • 6b · Less rental expenses

    real property $9,109

  • 6c · Rental income or loss

    real property $6,120

  • 6d · Net rental income or loss

    total $6,120 · excluded $6,120

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $76,934 · program services $76,934

  • 7 · Other salaries and wages

    total $6,318,127 · program services $5,261,685 · management and general $1,056,442

  • 8 · Pension plan contributions

    total $148,760 · program services $124,175 · management and general $24,585

  • 9 · Other employee benefits

    total $764,510 · program services $637,737 · management and general $126,773

  • 10 · Payroll taxes

    total $460,784 · program services $384,633 · management and general $76,151

  • 11a · Fees: management

    total $696,708 · management and general $696,708

  • 11b · Fees: legal

    total $4,885 · management and general $4,885

  • 11c · Fees: accounting

    total $50,428 · management and general $50,428

  • 11g · Fees: other

    total $2,516,576 · program services $2,313,164 · management and general $203,412

  • 12 · Advertising and promotion

    total $19,163 · program services $163 · management and general $19,000

  • 13 · Office expenses

    total $258,352 · program services $177,937 · management and general $80,415

  • 16 · Occupancy

    total $270,894 · program services $268,685 · management and general $2,209

  • 17 · Travel

    total $72,485 · program services $34,213 · management and general $38,272

  • 19 · Conferences, conventions and meetings

    total $47,649 · program services $26,446 · management and general $21,203

  • 20 · Interest

    total $118,651 · program services $94,872 · management and general $23,779

  • 22 · Depreciation, depletion and amortization

    total $555,191 · program services $443,924 · management and general $111,267

  • 23 · Insurance

    total $118,919 · program services $118,919

  • 24a · Other expenses: Repairs and maintenance

    total $1,028,962 · program services $320,240 · management and general $708,722

  • 24b · Other expenses: Medical Supplies

    total $970,923 · program services $970,923

  • 24c · Other expenses: Food

    total $152,476 · program services $152,476

  • 24d · Other expenses: Dues and subscriptions

    total $90,075 · program services $45,834 · management and general $44,241

  • 24e · All other expenses

    total $1,404 · management and general $1,404

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $65,533 · end of year $952,483

  • 4 · Accounts receivable

    beginning of year $1,447,188 · end of year $2,339,442

  • 8 · Inventories for sale or use

    beginning of year $257,679 · end of year $220,539

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,640 · end of year $0

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

    $11,610,621

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

    $8,613,603

  • 10c · Land, buildings and equipment, net

    beginning of year $3,414,910 · end of year $2,997,018

  • 12 · Investments: other securities

    beginning of year $3,493,444 · end of year $3,437,806

  • 15 · Other assets

    beginning of year $1,236,863 · end of year $666,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $795,467 · end of year $1,179,846

  • 23 · Secured mortgages and notes payable

    beginning of year $1,204,728 · end of year $1,131,627

  • 25 · Other liabilities

    beginning of year $311,526 · end of year $269,147

  • 27 · Net assets without donor restrictions

    beginning of year $7,628,536 · end of year $8,032,668

Mission and programs · 2023

Mission

Presentation Medical Center in union with the Sisters of Mary of the Presentation, is a Catholic healthcare organization. Through the power and example of Jesus Christ and his gospel values, we are committed to joyfully provide wholistic care and healing with integrity, compassion and respect to all we serve.

Activities or mission (Part I)

Acute care hospital that is a major medical provider for Rolette County

  • Presentation Medical Center (PMC) is a 25-bed not-for-profit, Critical Access Hospital (CAH) located in Rolla, Rolette County, ND. As a Critical Access Hospital, our organization is, by definition, a community benefit. PMC is a critical infrastructure to our community and is a major medical provider for Rolette County, providing inpatient, outpatient and surgical services. In addition, PMC is a key provider of emergency care with over 4,016 ER visits for fiscal year ending 2024. Services in the areas of Clinic, Lab, Radiology, Respiratory Therapy, Physical Therapy, Cardiac Rehab, and Outreach Specialty Physician services, are also provided.Continued on Schedule O.Presentation Medical Center had 186 acute patient days, 480 swing-bed days and 1,970 extended swing-bed days.The Medical Center provides care to patients who meet certain criteria under its charity care policy without charge or at amounts less than established rates. Because the Medical Center does not pursue collection of amounts determined to qualify as charity care, they are not reported as revenue. The estimated costs of the charges foregone, based upon an overall cost-to-charge ratio calculation, for the year ended September 30, 2024, were approximately $55,000.

    Expenses $11,452,960 · Revenue $14,426,120

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

Listed in Part VII

  • Christopher Albertson

    President/CEO

    Total calculated
    $386,134
    From this org
    $0
    From related orgs
    $335,501
    Other
    $50,633
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,460 related
    Bonus
    $0 + $32,208 related
    Other
    $0 + $21,833 related
    Deferred
    $0 + $20,009 related
    Nontaxable benefits
    $0 + $33,271 related
    Filer's total
    $0 + $388,781 related

  • Matthew Odermann

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Derrick Dixon

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Sr Debra Berry

    Director

    Total calculated
    $0
    Hours/week
    2

  • Sr Ann Germaine Picard

    Director

    Total calculated
    $0
    Hours/week
    2

  • Shelly Counts

    Director

    Total calculated
    $0
    Hours/week
    2

  • Seth Bercier

    Director

    Total calculated
    $0
    Hours/week
    2

  • Brian Grosinger

    Director

    Total calculated
    $0
    Hours/week
    2

  • Paula Wilkie

    CFO

    Total calculated
    $277,660
    From this org
    $0
    From related orgs
    $232,092
    Other
    $45,568
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $212,840 related
    Bonus
    $0 + $10,385 related
    Other
    $0 + $8,867 related
    Deferred
    $0 + $12,943 related
    Nontaxable benefits
    $0 + $34,227 related
    Filer's total
    $0 + $279,262 related

  • Richard Larson MD

    Emergency Services/Medical Director

    Total calculated
    $308,499
    From this org
    $290,776
    From related orgs
    $0
    Other
    $17,723
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,776
    Bonus
    $0
    Other
    $0
    Deferred
    $17,723
    Nontaxable benefits
    $0
    Filer's total
    $308,499

  • Rachelle Fischer FNP-C

    Clinic Services

    Total calculated
    $162,527
    From this org
    $132,076
    From related orgs
    $0
    Other
    $30,451
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,076
    Bonus
    $0
    Other
    $0
    Deferred
    $3,962
    Nontaxable benefits
    $26,489
    Filer's total
    $162,527

  • Lavonne Charbonneau PA

    Emergency Medicine Physician Asst

    Total calculated
    $178,742
    From this org
    $148,101
    From related orgs
    $0
    Other
    $30,641
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,101
    Bonus
    $0
    Other
    $0
    Deferred
    $4,443
    Nontaxable benefits
    $26,198
    Filer's total
    $178,742

  • Laura Yoder RN

    Infection Control, Head Nurse

    Total calculated
    $198,980
    From this org
    $167,467
    From related orgs
    $0
    Other
    $31,513
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,467
    Bonus
    $0
    Other
    $0
    Deferred
    $5,024
    Nontaxable benefits
    $26,489
    Filer's total
    $198,980

  • Lori Martinson RN

    VP Patient Care/Dir of Nuring

    Total calculated
    $153,473
    From this org
    $123,594
    From related orgs
    $0
    Other
    $29,879
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,594
    Bonus
    $0
    Other
    $0
    Deferred
    $3,708
    Nontaxable benefits
    $26,171
    Filer's total
    $153,473

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
Presentation Medical Center does not pay compensation to the President & CEO. This individual is compensated by Sisters of Mary of the Presentation Health System, a related organization, for services to the Medical Center. Sisters of Mary of the Presentation Health System uses one or more of the methods in Part I, question 3 to determine compensation.
Part I, Line 4b
SMP Health, related organization, has a nonqualified deferred compensation plan that complies with Section 409A of the IRC. SMP Health begins contributions into the plan after the employee's first year of service. The employee is vested based on a 20 year vesting schedule or becomes fully vested in the event of death, disability or reaching the age of 65. Employee name and amounts included on Schedule J are as follows: Name Part II, column B (iii) Part II, column C Paula Wilkie 8,867 62 Christopher Albertson 15,833 151

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

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.

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.

  • SMP Enterprises

    C · Collection agency · ND

  • Valley Health Enterprises Inc

    C · Home medical equipment · IL

  • Illinois Valley Health Services Inc

    C · Inative · IL

  • Health Care Building Corp

    C · Inactive · IL

  • IVCH General Professional Liability Loss Fund

    T · Inactive · IL

Provenance

Return type
form_990
Tax year
2023
Filed
6 August 2025
IRS schema version
2023v6.0
Source object
202542209349301654

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