Form 990 for tax year 2023
Filed by INTERNATIONAL FALLS MEMORIAL HOSPITAL ASSN.
Totals
- Total revenue
- $34,473,808
- Total expenses
- $34,222,539
- Contributions and grants received
- $192,122
- Grants paid
- $0
- Program service revenue
- $34,045,259
- Investment income
- -$76,161
- Other revenue
- $312,588
- Total assets, end of year
- $38,028,196
- Total liabilities, end of year
- $11,848,138
- Net assets or fund balances, end of year
- $26,180,058
- Program services expenses (Part IX)
- $27,463,332
- Management and general expenses
- $6,759,207
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $27,463,332
Program services were 80.2% 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.
-
1d · Related organizations
$51,752
-
1e · Government grants (contributions)
$111,002
-
1f · All other contributions, gifts and grants
$29,368
-
1g · Noncash contributions included above
$10,000
-
2a · Program service revenue: PATIENT SERVICE REVENUE
total $28,214,766 · related or exempt $28,214,766
-
2b · Program service revenue: PHARMACY REVENUE
total $2,791,759 · related or exempt $2,791,759
-
2c · Program service revenue: CLINIC REVENUE
total $2,612,626 · related or exempt $2,612,626
-
2f · All other program service revenue
total $426,108 · related or exempt $425,007 · unrelated business $1,101
-
3 · Investment income
total $305,974 · excluded $305,974
-
6a · Gross rents
real property $69,080
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $69,080
-
6d · Net rental income or loss
total $69,080 · excluded $69,080
-
7a · Gross sales of assets other than inventory
securities $4,397,059
-
7b · Less cost or other basis and sales expenses
securities $4,779,194
-
7c · Gain or loss
securities -$382,135
-
7d · Net gain or loss
total -$382,135 · excluded -$382,135
-
11a · Other revenue: CMDI EARNINGS
total $243,508 · related or exempt $243,508
-
11e · Other revenue, total
$243,508
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $571,755 · management and general $571,755
-
7 · Other salaries and wages
total $13,163,246 · program services $10,874,569 · management and general $2,288,677
-
8 · Pension plan contributions
total $285,091 · program services $226,622 · management and general $58,469
-
9 · Other employee benefits
total $1,181,251 · program services $914,340 · management and general $266,911
-
10 · Payroll taxes
total $961,974 · program services $719,707 · management and general $242,267
-
11b · Fees: legal
total $116,547 · management and general $116,547
-
11c · Fees: accounting
total $45,809 · management and general $45,809
-
11d · Fees: lobbying
total $525 · management and general $525
-
11g · Fees: other
total $5,316,112 · program services $4,677,455 · management and general $638,657
-
12 · Advertising and promotion
total $72,917 · program services $62,151 · management and general $10,766
-
13 · Office expenses
total $161,289 · program services $133,957 · management and general $27,332
-
14 · Information technology
total $414,034 · program services $352,904 · management and general $61,130
-
16 · Occupancy
total $422,599 · program services $281,905 · management and general $140,694
-
17 · Travel
total $46,963 · program services $33,326 · management and general $13,637
-
19 · Conferences, conventions and meetings
total $33,459 · program services $28,519 · management and general $4,940
-
20 · Interest
total $248,724 · program services $165,065 · management and general $83,659
-
22 · Depreciation, depletion and amortization
total $1,562,615 · program services $1,037,025 · management and general $525,590
-
23 · Insurance
total $189,624 · program services $125,843 · management and general $63,781
-
24a · Other expenses: MEDICAL SUPPLIES
total $6,015,916 · program services $5,127,693 · management and general $888,223
-
24b · Other expenses: EQUIPMENT RENTAL
total $839,799 · program services $557,330 · management and general $282,469
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $717,160 · program services $475,941 · management and general $241,219
-
24d · Other expenses: BAD DEBT EXPENSE
total $664,206 · program services $664,206
-
24e · All other expenses
total $1,190,924 · program services $1,004,774 · management and general $186,150
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,275,289 · end of year $197,324
-
2 · Savings and temporary cash investments
beginning of year $8,726,437 · end of year $5,116,534
-
4 · Accounts receivable
beginning of year $4,032,713 · end of year $3,775,671
-
8 · Inventories for sale or use
beginning of year $741,913 · end of year $1,148,409
-
9 · Prepaid expenses and deferred charges
beginning of year $542,797 · end of year $508,824
-
10a · Land, buildings and equipment: cost or other basis
$32,710,570
-
10b · Land, buildings and equipment: accumulated depreciation
$17,499,423
-
10c · Land, buildings and equipment, net
beginning of year $12,941,714 · end of year $15,211,147
-
11 · Investments: publicly traded securities
beginning of year $5,891,672 · end of year $8,676,636
-
12 · Investments: other securities
beginning of year $643,613 · end of year $694,725
-
15 · Other assets
beginning of year $838,087 · end of year $2,698,926
-
17 · Accounts payable and accrued expenses
beginning of year $2,705,505 · end of year $3,060,399
-
19 · Deferred revenue
beginning of year $601,326 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $5,852,718 · end of year $5,424,405
-
25 · Other liabilities
beginning of year $1,568,067 · end of year $3,363,334
-
27 · Net assets without donor restrictions
beginning of year $24,594,393 · end of year $26,019,173
-
28 · Net assets with donor restrictions
beginning of year $312,226 · end of year $160,885
Mission and programs · 2023
Mission
PROVIDE ACCESSIBLE QUALITY HEALTHCARE TO OUR COMMUNITIES USING VALUES OF INTEGRITY AND RESPECT, COMPASSION AND EXCELLENCE THROUGH TEAMWORK (ICE) IN SUPPORT OF THE VISION COMPRISED OF THE FOLLOWING ELEMENTS: PROVIDER OF CHOICE OF OUR COMMUNITIES, PATIENT AND FAMILY-CENTERED CARE, EXPANDING SERVICES, REGIONAL SPECIALTY RELATIONSHIPS AND PREFERRED HEALTHCARE EMPLOYER.
Activities or mission (Part I)
PROVIDE ACCESSIBLE, HIGH-QUALITY HEALTHCARE TO OUR COMMUNITIES.
-
RAINY LAKE MEDICAL CENTER (RLMC) PROVIDES INPATIENT AND OUTPATIENT HOSPITAL SERVICES. IN 2023, RLMC HAD 1,476 INPATIENT DAYS AND HAD 6,168 EMERGENCY ROOM VISITS. IN ADDITION, RLMC PROVIDES GENERAL, ORTHOPEDIC, AND OPHTHALMOLOGY SURGERY, VARIOUS IMAGING MODALITIES, LABORATORY SERVICES, THERAPY SERVICES, AND OTHER HOSPITAL ANCILLARY SERVICES.
Expenses $25,427,106 · Revenue $31,745,460
-
RLMC PROVIDES CLINIC BASED SERVICES AT TWO LOCATIONS, INTERNATIONAL FALLS, MN AND LITTLE FORK, MN. IN ADDITION TO PRIMARY CARE VISITS, A NUMBER OF SPECIALTY SERVICES ARE OFFERED SUCH AS RHEUMATOLOGY, ORTHOPEDIC, OB/GYN, DERMATOLOGY, OPHTHALMOLOGY, AND ONCOLOGY. IN TOTAL, 14,101 CLINIC VISITS OCCURRED IN 2023.
Expenses $2,036,226 · Revenue $2,542,206
-
IN ADDITION TO PROVIDING DIRECT PATIENT CARE AND IN FURTHERANCE OF ITS CHARITABLE PURPOSE, RLMC PROVIDES A WIDE VARIETY OF BENEFITS TO THE COMMUNITY INCLUDING OFFERING VARIOUS COMMUNITY BASED SERVICE PROGRAMS, CASH CONTRIBUTIONS TO NON-PROFIT AGENCIES, THE DONATION OF SPACE FOR USE BY COMMUNITY GROUPS, AND STAFF TIME TO MENTORING/JOB SHADOWING. ADDITIONALLY, A NUMBER OF HEALTH RELATED EDUCATION PROGRAMS ARE PROVIDED FOR THE BENEFIT OF THE COMMUNITY, INCLUDING HEALTH ENHANCEMENTS AND WELLNESS, CLASSES ON SPECIFIC CONDITIONS, AND PROGRAMS DESIGNED TO IMPROVE THE GENERAL STANDARDS OF THE HEALTH OF THE COMMUNITY. RLMC ALSO ACTIVELY PROMOTES ITS COMMUNITY CARE PROGRAM, WHICH PROVIDES FREE OR REDUCED COST HEALTHCARE TO PATIENTS WHO ARE UNABLE TO PAY FULLY FOR SERVICES RECEIVED.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Richard PetersonRICHARD PETERSON
CHAIR
- Total calculated
- $0
- Hours/week
- 4 + 2 related
-
Sherri MannausauSHERRI MANNAUSAU
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Jon TalsnessJON TALSNESS
VICE CHAIR (THRU 05/23)
- Total calculated
- $0
- Hours/week
- 4
-
Steven LindbergSTEVEN LINDBERG
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Brian BriggsBRIAN BRIGGS
SECRETARY
- Total calculated
- $0
- Hours/week
- 4 + 2 related
-
Don BilligDON BILLIG
MEMBER (THRU 01/23)
- Total calculated
- $0
- Hours/week
- 4
-
Susan CongraveSUSAN CONGRAVE
MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Allison O'Hara MeyersALLISON O'HARA MEYERS
MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
John WinkelJOHN WINKEL
MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Robert Pastor IIROBERT PASTOR II
CEO
- Total calculated
- $389,055
- From this org
- $330,364
- From related orgs
- $0
- Other
- $58,691
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $296,622
- Bonus
- $21,000
- Other
- $12,742
- Deferred
- $17,817
- Nontaxable benefits
- $40,874
- Filer's total
- $389,055
-
Craig BoyerCRAIG BOYER
CONTRACTED CFO
- Total calculated
- $182,700
- From this org
- $182,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $182,700
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $182,700
-
David MoyerDAVID MOYER
PHYSICIAN
- Total calculated
- $353,999
- From this org
- $329,010
- From related orgs
- $0
- Other
- $24,989
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $314,497
- Bonus
- $0
- Other
- $14,513
- Deferred
- $7,433
- Nontaxable benefits
- $17,556
- Filer's total
- $353,999
-
Daniel MargoDANIEL MARGO
GENERAL SURGEON
- Total calculated
- $378,637
- From this org
- $340,066
- From related orgs
- $0
- Other
- $38,571
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- $340,066
- Bonus
- $0
- Other
- $0
- Deferred
- $8,882
- Nontaxable benefits
- $29,689
- Filer's total
- $378,637
-
Jay KnaakJAY KNAAK
PHYSICIAN
- Total calculated
- $298,966
- From this org
- $251,514
- From related orgs
- $0
- Other
- $47,452
- Hours/week
- 32
Schedule J breakdown matched by us
- Base
- $245,372
- Bonus
- $5,000
- Other
- $1,142
- Deferred
- $6,686
- Nontaxable benefits
- $40,766
- Filer's total
- $298,966
-
Michelle E DavisMICHELLE E DAVIS
HOSPITALIST
- Total calculated
- $233,029
- From this org
- $198,708
- From related orgs
- $0
- Other
- $34,321
- Hours/week
- 30
Schedule J breakdown matched by us
- Base
- $192,330
- Bonus
- $0
- Other
- $6,378
- Deferred
- $5,071
- Nontaxable benefits
- $29,250
- Filer's total
- $233,029
-
Kelly HagenKELLY HAGEN
CNO
- Total calculated
- $224,292
- From this org
- $188,456
- From related orgs
- $0
- Other
- $35,836
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,405
- Bonus
- $20,000
- Other
- $1,051
- Deferred
- $2,517
- Nontaxable benefits
- $33,319
- Filer's total
- $224,292
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
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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
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.
-
FALLS MEMORIAL HOSPITAL FOUNDATION INC
501(C)(3) · SUPPORT · MN · controlled entity
Directly controlled by INTERNATIONAL FALLS MEMORIAL HOSPITAL ASSOCATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413039349302536
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