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← PHELPS MEMORIAL HEALTH CENTER

Form 990 for tax year 2024

Filed by PHELPS MEMORIAL HEALTH CENTER.

Totals

Total revenue
$116,890,959
Total expenses
$93,280,357
Contributions and grants received
$87,516
Grants paid
$67,000
Program service revenue
$99,292,207
Investment income
$16,259,228
Other revenue
$1,252,008
Total assets, end of year
$191,694,775
Total liabilities, end of year
$29,755,036
Net assets or fund balances, end of year
$161,939,739
Program services expenses (Part IX)
$81,481,234
Management and general expenses
$11,799,123
Fundraising expenses
$0
Program service expenses (Part III)
$81,481,234

Program services were 87.4% 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)

    $13,312

  • 1f · All other contributions, gifts and grants

    $74,204

  • 2a · Program service revenue: NET PATIENT REVENUE

    total $90,735,264 · related or exempt $90,735,264

  • 2b · Program service revenue: AIR TRANSPORTATION

    total $2,742,493 · related or exempt $2,742,493

  • 2c · Program service revenue: EMPLOYEE PHARMACY REVENUE

    total $2,257,462 · related or exempt $2,257,462

  • 2d · Program service revenue: PHARMACY REVENUE

    total $915,755 · related or exempt $915,755

  • 2e · Program service revenue: CAFETERIA

    total $305,044 · related or exempt $305,044

  • 2f · All other program service revenue

    total $2,336,189 · related or exempt $2,041,054 · unrelated business $295,135

  • 3 · Investment income

    total $3,097,897 · excluded $3,097,897

  • 6a · Gross rents

    real property $886,302

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $886,302

  • 6d · Net rental income or loss

    total $886,302 · related or exempt $886,302

  • 7a · Gross sales of assets other than inventory

    securities $13,170,581 · other assets $3,945

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $13,195

  • 7c · Gain or loss

    securities $13,170,581 · other assets -$9,250

  • 7d · Net gain or loss

    total $13,161,331 · excluded $13,161,331

  • 11a · Other revenue: CUSTOM SOFTWARE LEASE

    total $356,903 · unrelated business $356,903

  • 11b · Other revenue: REBATE INCOME

    total $8,803 · related or exempt $8,803

  • 11e · Other revenue, total

    $365,706

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $67,000 · program services $67,000

  • 5 · Compensation of officers, directors and key employees

    total $2,369,509 · management and general $2,369,509

  • 6 · Compensation of disqualified persons

    total $31,875 · program services $31,875

  • 7 · Other salaries and wages

    total $23,372,304 · program services $20,701,039 · management and general $2,671,265

  • 8 · Pension plan contributions

    total $845,710 · program services $722,864 · management and general $122,846

  • 9 · Other employee benefits

    total $9,221,315 · program services $7,421,492 · management and general $1,799,823

  • 10 · Payroll taxes

    total $1,740,792 · program services $1,412,497 · management and general $328,295

  • 11b · Fees: legal

    total $114,371 · program services $11,043 · management and general $103,328

  • 11c · Fees: accounting

    total $40,929 · program services $40,929

  • 11d · Fees: lobbying

    total $5,448 · management and general $5,448

  • 11f · Fees: investment management

    total $368,987 · program services $368,987

  • 11g · Fees: other

    total $20,279,899 · program services $18,332,512 · management and general $1,947,387

  • 12 · Advertising and promotion

    total $358,092 · program services $3,497 · management and general $354,595

  • 13 · Office expenses

    total $8,788,482 · program services $8,367,890 · management and general $420,592

  • 16 · Occupancy

    total $1,234,459 · program services $1,074,794 · management and general $159,665

  • 17 · Travel

    total $4,079,182 · program services $3,680,199 · management and general $398,983

  • 20 · Interest

    total $596,438 · program services $524,221 · management and general $72,217

  • 22 · Depreciation, depletion and amortization

    total $8,385,938 · program services $7,541,523 · management and general $844,415

  • 23 · Insurance

    total $787,554 · program services $700,028 · management and general $87,526

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $9,534,467 · program services $9,534,467

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $955,221 · program services $857,747 · management and general $97,474

  • 24c · Other expenses: UBI TAXES

    total $37,325 · program services $37,325

  • 24d · Other expenses: TAXES AND LICENSES

    total $18,467 · program services $18,467

  • 24e · All other expenses

    total $46,593 · program services $30,838 · management and general $15,755

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,203 · end of year $5,201

  • 2 · Savings and temporary cash investments

    beginning of year $10,441,508 · end of year $33,427,769

  • 4 · Accounts receivable

    beginning of year $8,771,535 · end of year $11,803,644

  • 5 · Loans and receivables from officers and key people

    beginning of year $8,742,703 · end of year $9,297,854

  • 8 · Inventories for sale or use

    beginning of year $1,194,502 · end of year $1,262,828

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,729,374 · end of year $1,327,036

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

    $132,017,009

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

    $78,884,547

  • 10c · Land, buildings and equipment, net

    beginning of year $58,916,946 · end of year $53,132,462

  • 11 · Investments: publicly traded securities

    beginning of year $76,350,800 · end of year $77,221,942

  • 12 · Investments: other securities

    beginning of year $49,641 · end of year $47,863

  • 13 · Investments: program-related

    beginning of year $445,394 · end of year $681,980

  • 15 · Other assets

    beginning of year $6,976,451 · end of year $3,486,196

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,514,080 · end of year $7,999,652

  • 20 · Tax-exempt bond liabilities

    beginning of year $12,662,003 · end of year $10,691,923

  • 23 · Secured mortgages and notes payable

    beginning of year $11,162,442 · end of year $9,264,735

  • 25 · Other liabilities

    beginning of year $1,123,388 · end of year $1,798,726

  • 27 · Net assets without donor restrictions

    beginning of year $141,679,051 · end of year $161,414,567

  • 28 · Net assets with donor restrictions

    beginning of year $483,093 · end of year $525,172

Mission and programs · 2024

Mission

TO ALWAYS PROVIDE EXCEPTIONAL QUALITY AND COMPASSIONATE CARE FOR THE FAMILIES WE SERVE.

Activities or mission (Part I)

PROGRESSIVE FAMILY-CENTERED HEALTH CARE PROVIDING EXCEPTIONAL QUALITY AND COMPASSIONATE CARE.

  • PHELPS MEMORIAL HEALTH CENTER (HEALTH CENTER) IS A NOT-FOR-PROFIT NEBRASKA CORPORATION THAT OPERATES A 25-BED CRITICAL ACCESS HOSPITAL LOCATED IN HOLDREGE, NEBRASKA. THE HEALTH CENTER PROVIDES INPATIENT, OUTPATIENT, SWING BED, EMERGENCY, CLINIC AND AMBULANCE SERVICES IN THE LOCAL AREA. ADMITTING PHYSICIANS ARE PRIMARILY PRACTITIONERS IN THE LOCAL AREA. THE HEALTH CENTER PROVIDES PATIENT FINANCIAL ASSISTANCE TO PATIENTS WHO ARE FINANCIALLY UNABLE TO PAY FOR HEALTHCARE SERVICES THEY RECEIVE. IT IS THE POLICY OF THE HEALTH CENTER NOT TO PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY AS PATIENT FINANCIAL ASSISTANCE. ACCORDINGLY, THE HEALTH CENTER DOES NOT REPORT THESE AMOUNTS IN PATIENT SERVICE REVENUE.

    Expenses $62,392,990 · Grants $67,000 · Revenue $64,058,639

  • THE PHARMACY DEPARTMENT OVERSEES MEDICATION PURCHASING, STORAGE, DISPENSING, AND THE UTILIZATION THROUGHOUT PHELPS MEMORIAL HEALTH CENTER. THE PHARMACY STAFF PLAYS AN IMPORTANT ROLE IN PROVIDING DRUG INFORMATION TO HEALTH CARE PROFESSIONALS AT PHELPS MEMORIAL HEALTH CENTER. WITH THE USE OF DISPENSING TECHNOLOGIES, INCLUDING SMART INFUSION PUMPS, AND BAR-CODING BEDSIDE, THE PHARMACY DEPARTMENT AT PHELPS MEMORIAL HEALTH CENTER GIVES PATIENT SAFETY A TOP PRIORITY.

    Expenses $13,837,744 · Revenue $25,977,000

  • PHYSICAL THERAPY - THE THERAPY CENTER INCLUDES A LARGE GYM FOR TRAINING AND REHABILITATION, A WHIRLPOOL ROOM FOR WOUND CARE AND A SPORTS FLOOR FOR ATHLETIC TRAINING. PHYSICAL THERAPY ALLOWS INDIVIDUALS TO DEVELOP, RESTORE AND MAINTAIN MAXIMUM MOVEMENT AND FUNCTIONAL ABILITY THROUGHOUT LIFE. THIS INCLUDES PROVIDING SERVICES IN CIRCUMSTANCES WHERE MOVEMENT AND FUNCTION ARE THREATENED BY AGING, INJURY, OR DISEASE. THE HYDROWORX THERAPY POOL HELPS PATIENTS RECOVER FROM SURGERY AND ARTHRITIC SYMPTOMS AS WELL AS ATHLETIC REHABILITATION.OCCUPATIONAL THERAPY INCORPORATES MEANINGFUL AND PURPOSEFUL OCCUPATION TO ENABLE PEOPLE WITH LIMITATIONS OR IMPAIRMENTS TO PARTICIPATE IN EVERYDAY LIFE. OCCUPATIONAL THERAPISTS WORK WITH INDIVIDUALS, FAMILIES, GROUPS, AND POPULATIONS TO FACILITATE HEALTH AND WELL-BEING THROUGH ENGAGEMENT OR RE-ENGAGEMENT IN OCCUPATIONS AND EVERYDAY ACTIVITIES. OCCUPATIONAL THERAPY MAY INCLUDE RESTORING FUNCTION, ADAPTING THE PATIENT'S ENVIRONMENT, OR EVEN HELPING PATIENTS FIND EQUIPMENT TO HELP THEM PARTICIPATE MORE INDEPENDENTLY IN THEIR EVERYDAY ACTIVITIES. OCCUPATIONAL THERAPY HAS MORE ROOM TO EXPAND THEIR SERVICES AND BETTER SERVE THEIR PATIENTS.SPEECH THERAPY ADDRESSES PEOPLE'S SPEECH PRODUCTION, VOCAL PRODUCTION, SWALLOWING DIFFICULTIES AND LANGUAGE NEEDS.

    Expenses $4,640,706 · Revenue $8,711,798

  • PHYSICIAN CLINIC - PHELPS MEMORIAL HEALTH CENTER IS DEDICATED TO PROVIDING OUR PATIENTS WITH A HIGH LEVEL OF QUALITY CARE, RIGHT HERE IN HOLDREGE, NEBRASKA. PHMC CONTRACTS WITH MANY VISITING SPECIALISTS TO PROVIDE OUR PATIENTS WITH THE SPECIALTY CARE THEY NEED WITHOUT LEAVING TOWN. VISITING PHYSICIANS AND SURGEONS PROVIDE SPECIALTIES IN THE AREAS OF CARDIOLOGY, EAR, NOSE, THROAT, GENERAL SURGERY, PAIN MANAGEMENT, NEPHROLOGY, OBSTETRICS AND GYNECOLOGY, ONCOLOGY, OPTHALMOLOGY, ORTHOPAEDICS, SPINE, PODIATRY, PULMONARY, UROLOGY, AND WOUND TREATMENT.

    Expenses $609,794 · Revenue $1,144,740

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

Listed in Part VII

  • Jeff Berney MD

    CHIEF OF STAFF

    Total calculated
    $16,560
    From this org
    $16,560
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • William Sandy MD

    CHIEF MEDICAL OFFICER

    Total calculated
    $15,315
    From this org
    $15,315
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mike Pelster

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Kyle Anderson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Linda Heiden

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Steve Kness

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Mark Kraus

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Dannehl

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Heather McQuillan

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Doug Hohman

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Don Kraus

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lance Thorell

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Wayne Quincy

    MEMBER (THRU 04/24)

    Total calculated
    $0
    Hours/week
    2

  • Mark Harrel

    CEO

    Total calculated
    $679,126
    From this org
    $616,528
    From related orgs
    $0
    Other
    $62,598
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $490,757
    Bonus
    $125,771
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $55,078
    Filer's total
    $680,756

  • Loren D Schroder

    CFO

    Total calculated
    $500,957
    From this org
    $438,318
    From related orgs
    $0
    Other
    $62,639
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $356,756
    Bonus
    $81,562
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $54,700
    Filer's total
    $502,168

  • Tyler Fries

    DIRECTOR OF PHARMACY

    Total calculated
    $247,007
    From this org
    $193,153
    From related orgs
    $0
    Other
    $53,854
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,315
    Bonus
    $19,838
    Other
    $0
    Deferred
    $8,072
    Nontaxable benefits
    $46,495
    Filer's total
    $247,720

  • Lacie Westcott

    CHIEF EXPERIENCE OFFICER

    Total calculated
    $244,370
    From this org
    $193,491
    From related orgs
    $0
    Other
    $50,879
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,864
    Bonus
    $29,627
    Other
    $0
    Deferred
    $6,930
    Nontaxable benefits
    $44,601
    Filer's total
    $245,022

  • Tesha Broadfoot

    CNO

    Total calculated
    $225,551
    From this org
    $178,829
    From related orgs
    $0
    Other
    $46,722
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,810
    Bonus
    $28,019
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $47,371
    Filer's total
    $226,200

  • Rachel Dallmann

    SVP OF CLINICAL OPERATIONS

    Total calculated
    $219,472
    From this org
    $160,697
    From related orgs
    $0
    Other
    $58,775
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,536
    Bonus
    $26,161
    Other
    $0
    Deferred
    $7,016
    Nontaxable benefits
    $57,593
    Filer's total
    $225,306

  • Tracie Elliott

    DIRECTOR OF IMAGING

    Total calculated
    $209,871
    From this org
    $155,582
    From related orgs
    $0
    Other
    $54,289
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,383
    Bonus
    $16,199
    Other
    $0
    Deferred
    $6,643
    Nontaxable benefits
    $48,237
    Filer's total
    $210,462

  • Tammy Nelson

    DIRECTOR OF SURGICAL SERVICES

    Total calculated
    $195,735
    From this org
    $150,305
    From related orgs
    $0
    Other
    $45,430
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,890
    Bonus
    $16,415
    Other
    $0
    Deferred
    $6,548
    Nontaxable benefits
    $39,483
    Filer's total
    $196,336

  • Ruben Chavez

    CRNA

    Total calculated
    $366,658
    From this org
    $290,195
    From related orgs
    $0
    Other
    $76,463
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,195
    Bonus
    $0
    Other
    $0
    Deferred
    $23,478
    Nontaxable benefits
    $55,390
    Filer's total
    $369,063

  • Jamie Rooks

    CRNA

    Total calculated
    $366,237
    From this org
    $289,623
    From related orgs
    $0
    Other
    $76,614
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $287,123
    Bonus
    $2,500
    Other
    $0
    Deferred
    $23,467
    Nontaxable benefits
    $55,740
    Filer's total
    $368,830

  • Sara McQuistan

    CRNA

    Total calculated
    $345,094
    From this org
    $292,380
    From related orgs
    $0
    Other
    $52,714
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,880
    Bonus
    $2,500
    Other
    $0
    Deferred
    $23,076
    Nontaxable benefits
    $30,481
    Filer's total
    $345,937

  • Ryan Lieske

    PHYSICIAN ASSISTANT

    Total calculated
    $258,786
    From this org
    $200,171
    From related orgs
    $0
    Other
    $58,615
    Hours/week
    36

    Schedule J breakdown matched by us

    Base
    $180,136
    Bonus
    $20,035
    Other
    $0
    Deferred
    $8,325
    Nontaxable benefits
    $50,923
    Filer's total
    $259,419

  • Tiffany Weeder

    APRN

    Total calculated
    $245,666
    From this org
    $184,410
    From related orgs
    $0
    Other
    $61,256
    Hours/week
    36

    Schedule J breakdown matched by us

    Base
    $165,734
    Bonus
    $18,676
    Other
    $0
    Deferred
    $7,824
    Nontaxable benefits
    $54,042
    Filer's total
    $246,276

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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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 1A
FIRST-CLASS OR CHARTER TRAVEL: THE ORGANIZATION OWNS AND OPERATES AN AIRCRAFT USED FOR BUSINESS TRAVEL BY KEY EXECUTIVES, INCLUDING THE CEO AND CFO. THE USE OF THE AIRCRAFT IS LIMITED TO BUSINESS-RELATED TRAVEL AND IS SCHEDULED BASED ON AVAILABILITY AND BUSINESS NECESSITY. WHILE NOT COMMERCIAL FIRST-CLASS TRAVEL, TRAVEL ON THE ORGANIZATION'S AIRCRAFT MAY CONSTITUTE "CHARTER" TRAVEL FOR IRS REPORTING PURPOSES AND IS THEREFORE DISCLOSED ACCORDINGLY. TRAVEL FOR COMPANIONS: OCCASIONALLY, THE SPOUSE OF AN EXECUTIVE (E.G., CEO OR CFO) MAY ACCOMPANY THE EXECUTIVE ON BUSINESS TRAVEL. IN SUCH CASES, THE TRAVEL IS PRIMARILY FOR BUSINESS PURPOSES, AND THE PRESENCE OF THE COMPANION DOES NOT MATERIALLY INCREASE THE COST TO THE ORGANIZATION. ANY PERSONAL BENEFIT IS TREATED IN ACCORDANCE WITH IRS REGULATIONS.
PART I, LINE 4B
SPLIT DOLLAR INVESTMENT - THE HEALTH CENTER ENTERED INTO A SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN (SERP) FOR THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER. THE SERP IS STRUCTURED AS A COLLATERAL ASSIGNMENT SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENT. UNDER THE PLAN, THE HEALTH CENTER MAKES LOANS TO THE EXECUTIVES IN AMOUNTS EQUAL TO THE PREMIUM PAYMENTS FOR LIFE INSURANCE POLICIES OWNED AND CONTROLLED BY THE EXECUTIVES. THESE LOANS ARE SECURED BY THE ASSIGNMENT OF THE LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS TO THE HEALTH CENTER.

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

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.

  • ADJACENT AIR LLC

    OPERATE AIR TRANSPORTATION · NE · income $2,742,493 · assets $2,934,994

    Directly controlled by PHELPS MEMORIAL HEALTH CENTER

  • ADJACENT PROPERTIES LLC

    MANAGE REAL ESTATE HOLDINGS · NE · income $985,643 · assets $5,286,227

    Directly controlled by PHELPS MEMORIAL HEALTH CENTER

  • ADJACENT ENTERTAINMENT LLC

    THEATER OPERATION · NE · income $276,335 · assets $1,664,339

    Directly controlled by PHELPS MEMORIAL HEALTH CENTER

  • PMHC PHARMACY GROUP

    RETAIL PHARMACY OPERATION · NE · income $2,266,340 · assets $650,399

    Directly controlled by PHELPS MEMORIAL HEALTH CENTER

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PAPJV LLC

    RELATED · CARDIAC CATHETERIZATION LAB · NE · 51% owned · share of income $1,155,786 · share of assets $405,883 · general or managing partner

    Directly controlled by PHELPS MEMORIAL HEALTH CENTER

Provenance

Return type
form_990
Tax year
2024
Filed
7 October 2025
IRS schema version
2024v5.2
Source object
202502829349301860

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