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← PRESENTATION MEDICAL CENTER

Form 990 for tax year 2024

Filed by PRESENTATION MEDICAL CENTER.

Totals

Total revenue
$14,752,566
Total expenses
$14,285,739
Contributions and grants received
$87,960
Grants paid
$0
Program service revenue
$14,563,052
Investment income
$94,832
Other revenue
$6,722
Total assets, end of year
$11,937,628
Total liabilities, end of year
$3,133,053
Net assets or fund balances, end of year
$8,804,575
Program services expenses (Part IX)
$11,063,965
Management and general expenses
$3,221,774
Fundraising expenses
$0
Program service expenses (Part III)
$11,063,965

Program services were 77.4% 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)

    $87,660

  • 1f · All other contributions, gifts and grants

    $300

  • 2a · Program service revenue: Patient service revenue

    total $14,288,644 · related or exempt $14,288,644

  • 2b · Program service revenue: Outside Laundry Revenue

    total $167,708 · related or exempt $167,708

  • 2c · Program service revenue: Pharmacy

    total $63,114 · related or exempt $63,114

  • 2f · All other program service revenue

    total $43,586 · related or exempt $43,586

  • 3 · Investment income

    total $94,832 · excluded $94,832

  • 6a · Gross rents

    real property $16,056

  • 6b · Less rental expenses

    real property $9,334

  • 6c · Rental income or loss

    real property $6,722

  • 6d · Net rental income or loss

    total $6,722 · excluded $6,722

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $62,272 · program services $62,272

  • 7 · Other salaries and wages

    total $6,638,220 · program services $5,615,979 · management and general $1,022,241

  • 8 · Pension plan contributions

    total $165,404 · program services $139,587 · management and general $25,817

  • 9 · Other employee benefits

    total $760,480 · program services $644,270 · management and general $116,210

  • 10 · Payroll taxes

    total $475,175 · program services $402,633 · management and general $72,542

  • 11a · Fees: management

    total $657,396 · management and general $657,396

  • 11b · Fees: legal

    total $16,805 · management and general $16,805

  • 11c · Fees: accounting

    total $59,359 · management and general $59,359

  • 11g · Fees: other

    total $1,728,630 · program services $1,537,456 · management and general $191,174

  • 12 · Advertising and promotion

    total $17,700 · management and general $17,700

  • 13 · Office expenses

    total $274,224 · program services $196,984 · management and general $77,240

  • 16 · Occupancy

    total $328,201 · program services $326,586 · management and general $1,615

  • 17 · Travel

    total $111,885 · program services $42,801 · management and general $69,084

  • 19 · Conferences, conventions and meetings

    total $21,944 · program services $111 · management and general $21,833

  • 20 · Interest

    total $79,529 · program services $63,590 · management and general $15,939

  • 22 · Depreciation, depletion and amortization

    total $537,543 · program services $429,812 · management and general $107,731

  • 23 · Insurance

    total $120,024 · program services $120,024

  • 24a · Other expenses: Repairs and maintenance

    total $1,019,064 · program services $341,331 · management and general $677,733

  • 24b · Other expenses: Medical Supplies

    total $952,387 · program services $951,531 · management and general $856

  • 24c · Other expenses: Food

    total $163,384 · program services $163,384

  • 24d · Other expenses: Dues and subscriptions

    total $88,507 · program services $25,521 · management and general $62,986

  • 24e · All other expenses

    total $7,606 · program services $93 · management and general $7,513

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $952,483 · end of year $2,251,170

  • 4 · Accounts receivable

    beginning of year $2,339,442 · end of year $2,387,424

  • 8 · Inventories for sale or use

    beginning of year $220,539 · end of year $235,532

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

    $11,748,693

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

    $8,797,909

  • 10c · Land, buildings and equipment, net

    beginning of year $2,997,018 · end of year $2,950,784

  • 12 · Investments: other securities

    beginning of year $3,437,806 · end of year $4,112,718

  • 15 · Other assets

    beginning of year $666,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,179,846 · end of year $599,309

  • 23 · Secured mortgages and notes payable

    beginning of year $1,131,627 · end of year $1,033,566

  • 25 · Other liabilities

    beginning of year $269,147 · end of year $1,500,178

  • 27 · Net assets without donor restrictions

    beginning of year $8,032,668 · end of year $8,804,575

Mission and programs · 2024

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. 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 178 acute patient days, 541 swing-bed days and 1,999 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, 2025, were approximately $138,000.

    Expenses $11,063,965 · Revenue $14,563,052

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

Listed in Part VII

  • Christopher Albertson

    President/CEO

    Total calculated
    $403,486
    From this org
    $0
    From related orgs
    $345,103
    Other
    $58,383
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $292,500 related
    Bonus
    $0 + $31,805 related
    Other
    $0 + $20,798 related
    Deferred
    $0 + $24,640 related
    Nontaxable benefits
    $0 + $36,389 related
    Filer's total
    $0 + $406,132 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
    $242,899
    From this org
    $0
    From related orgs
    $198,598
    Other
    $44,301
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $173,569 related
    Bonus
    $0 + $9,935 related
    Other
    $0 + $15,094 related
    Deferred
    $0 + $10,968 related
    Nontaxable benefits
    $0 + $34,992 related
    Filer's total
    $0 + $244,558 related

  • Heather Gerber NP

    Family Nurse Practitioner

    Total calculated
    $179,932
    From this org
    $167,179
    From related orgs
    $0
    Other
    $12,753
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,179
    Bonus
    $0
    Other
    $0
    Deferred
    $2,390
    Nontaxable benefits
    $11,369
    Filer's total
    $180,938

  • John Mark Gingerich MD

    Family Medicine

    Total calculated
    $288,062
    From this org
    $259,112
    From related orgs
    $0
    Other
    $28,950
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,112
    Bonus
    $0
    Other
    $0
    Deferred
    $1,884
    Nontaxable benefits
    $28,202
    Filer's total
    $289,198

  • Richard Larson MD

    Emergency Services/Medical

    Total calculated
    $350,083
    From this org
    $339,886
    From related orgs
    $0
    Other
    $10,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $339,886
    Bonus
    $0
    Other
    $0
    Deferred
    $10,197
    Nontaxable benefits
    $926
    Filer's total
    $351,009

  • Laura Yoder RN

    Infection Control, Head Nurse

    Total calculated
    $177,616
    From this org
    $155,475
    From related orgs
    $0
    Other
    $22,141
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,475
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,115
    Filer's total
    $178,590

  • Lori Martinson RN

    VP Patient Care/Dir of Nur

    Total calculated
    $154,709
    From this org
    $128,852
    From related orgs
    $0
    Other
    $25,857
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,852
    Bonus
    $0
    Other
    $0
    Deferred
    $4,034
    Nontaxable benefits
    $22,803
    Filer's total
    $155,689

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 9,094 1,500 Christopher Albertson 14,798 2,500

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
2024
Filed
20 July 2026
IRS schema version
2024v5.5
Source object
202612019349301411

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