Civic Intelligence

Palmer Memorial Foundation

990 • Fiscal year 2012 • EIN 42-1032878

Jan 01, 2012 to Dec 31, 2012 • Filed on Aug 08, 2013

112 Jefferson Street52175
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

12th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

94th percentile

66%

Faster asset growth than 94% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$1,100,137

Up $438,399 (+66%) from 2011

Net Assets

Up

$1,100,137

Up $438,399 (+66%) from 2011

Liabilities

Flat

$0

Flat from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$72,379

Down $184,709 (-72%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $860,696Liabilities 2010: $15,891Net Assets 2010: $844,8052010Assets 2011: $661,738Liabilities 2011: $0Net Assets 2011: $661,7382011Assets 2012: $1,100,137Liabilities 2012: $0Net Assets 2012: $1,100,1372012Assets 2013: $772,406Liabilities 2013: $0Net Assets 2013: $772,4062013Assets 2014: $367,949Liabilities 2014: $0Net Assets 2014: $367,9492014Assets 2015: $388,632Liabilities 2015: $17,388Net Assets 2015: $371,2442015Assets 2016: $340,438Liabilities 2016: $12,228Net Assets 2016: $328,2102016Assets 2017: $359,120Liabilities 2017: $13,787Net Assets 2017: $345,3332017Assets 2018: $390,749Liabilities 2018: $12,658Net Assets 2018: $378,0912018Assets 2019: $470,547Liabilities 2019: $25,337Net Assets 2019: $445,2102019Assets 2020: $523,907Liabilities 2020: $15,924Net Assets 2020: $507,9832020Assets 2021: $689,142Liabilities 2021: $12,017Net Assets 2021: $677,1252021Assets 2022: $714,329Liabilities 2022: $20Net Assets 2022: $714,3092022Assets 2023: $1,112,821Liabilities 2023: $5,222Net Assets 2023: $1,107,5992023Assets 2024: $1,189,732Liabilities 2024: $3,560Net Assets 2024: $1,186,1722024

Highlighted filing

2012

Assets$1,100,137
Liabilities$0
Net Assets$1,100,137

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$500K$0-$500KExpenses 2010: $62,7852010Expenses 2011: $257,0882011Expenses 2012: $72,3792012Revenue 2013: $85,179Expenses 2013: $412,909Net Income 2013: -$327,7302013Revenue 2014: $95,150Expenses 2014: $499,607Net Income 2014: -$404,4572014Revenue 2015: $85,726Expenses 2015: $82,431Net Income 2015: $3,2952015Revenue 2016: $49,165Expenses 2016: $92,199Net Income 2016: -$43,0342016Revenue 2017: $49,397Expenses 2017: $32,274Net Income 2017: $17,1232017Revenue 2018: $62,738Expenses 2018: $29,980Net Income 2018: $32,7582018Revenue 2019: $116,650Expenses 2019: $49,531Net Income 2019: $67,1192019Revenue 2020: $107,691Expenses 2020: $44,918Net Income 2020: $62,7732020Revenue 2021: $229,535Expenses 2021: $60,393Net Income 2021: $169,1422021Revenue 2022: $102,764Expenses 2022: $65,580Net Income 2022: $37,1842022Revenue 2023: $411,691Expenses 2023: $18,401Net Income 2023: $393,2902023Revenue 2024: $154,247Expenses 2024: $75,674Net Income 2024: $78,5732024

Highlighted filing

2012

Revenue-
Expenses$72,379
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Aug 8, 2013
Return Version
2012v2.1
Gross Receipts
$510,878
Mission and Program Overview

Mission

To support gundersen palmer lutheran hospital and clinics

Filing and Contact Details

Filer

EIN
42-1032878
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IRS990/Description0Palmer Memorial Foundation was established in 1975 as a non-profit organization whose sole objective and purpose is to fund the healthcare needs of northeast Iowa. Over the years, gifts large and small have assisted the Foundation in providing new technology, education, services and programs to the community and Palmer Lutheran Health Center. During 2012, Palmer Memorial Foundation granted funds for Stethoscopes, Pain Assessment Wall Tools, Medication Lock Boxes, and a Pencil Style Doppler for the Med-Surg Department, Boppy Pillows and a hand-held pulse oximeter for Obstetrics, a Hover Mat, Scaletronix Scale, Gem Ring Cutter System and Spreader, and TV's for the Emergency and Urgent Care Departments, Security Cameras for Facility Operations, Books for the Hospice Library Grief Support Group Books and Journals, a 3M Clean Trace Hygiene Management System for Infection Prevention, a Continuous Glucose Monitor Kit for Diabetes Education, a Monitor for Oximetry and Capnography and a Wrist Ox pulse Oximeter for Respiratory Therapy, a Weight Bench for Cardiac Rehab, Ipads for Information Systems, an Indirect Calorimeter for Dietary, internet safety programming in the schools and numerous community service projects.
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IRS990/MissionDescription0To fund the health care needs of Northeast Iowa which advance and promote health and well-being and to participate in such activities designated and carried on to promote health care in our service area.
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0Schedule I, Part I, Line 2: Palmer Memorial Foundation's purpose is to fund health care needs in Northeast Iowa and in particular Palmer Lutheran Health Center. Grants and contributions given to Palmer Lutheran Health Center provided new technology, services, and equipment. The Board of Directors of Palmer Memorial Foundation were aware of the use of funds, therefore no additional proof is necessary. The Board of Directors decides the amount given to other 501c3 organizations. This is based on the purpose and need of the organization. The organization must provide proof the grant was used appropriately.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0Procedure for Monitoring Grants in the U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0Part I, Line 2:
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IRS990ScheduleI/RecipientTable/AddressUS/AddressLine11PO Box 234
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IRS990ScheduleI/RecipientTable/AddressUS/City1Elgin
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IRS990ScheduleI/RecipientTable/PurposeOfGrant0Donation for the expansion of Palmer Lutheran Health Center
IRS990ScheduleI/RecipientTable/PurposeOfGrant1Assist with expenses in the prevention of youth drug and alcohol abuse
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine10Palmer Lutheran Health Center Inc
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine11Valley Community Coalition
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IRS990ScheduleO/GeneralExplanation/Explanation0The Executive Committee consists of the board President, President-Elect, Secretary, and the two Members-at-Large. The Executive Committee has power to transact all regular business of the Foundation during the period between the meetings of the Governing Board subject to any prior limitation imposed by the Governing Board and with the understanding that all matters of major importance will be referred to the Governing Board. The Executive Committee submits to the Governing Board at its last meeting before the end of the fiscal year, a budget showing the expected receipts, income and expense for the ensuing year. The Executive Committee examines the monthly financial reports. Minutes of the Executive Committee meetings are submitted to the Board, and its actions are subject to approval or disapproval at the next regular meeting.
IRS990ScheduleO/GeneralExplanation/Explanation1Debrah Chensvold, President/CEO, Joni Gisleson, CFO and Donna Kasel, Board Member and employee of Palmer Lutheran Health Center, have a business relationship.
IRS990ScheduleO/GeneralExplanation/Explanation2Membership in this organization includes those citizens of Northeast Iowa, eighteen (18) years of age or older, who have purchased a twenty-five dollar ($25.00) voting membership or who have contributed a minimum of twenty-five dollars ($25.00) as a donation to this organization. Membership may also include an organization, group or family contributing a minimum of twenty-five dollars ($25.00) as a donation or memorial to this organization.
IRS990ScheduleO/GeneralExplanation/Explanation3The Board Members receive a copy of the Form 990 before it is filed. The CEO and CFO of Palmer Lutheran Health Center and the Foundation Director review the Form 990.
IRS990ScheduleO/GeneralExplanation/Explanation4Board members and officers are required to annually disclose in writing all interests which could result in conflict. The President of the Board reviews the statements. If a possible conflict arises the situation is brought to the Board's attention. Any Board member having a conflict of interest is not allowed to vote on such matter.
IRS990ScheduleO/GeneralExplanation/Explanation5The Organization's governing documents, conflict of interest policy, and financial statements are not available to the public. Financial information is provided in the public disclosure copy of the 990.
IRS990ScheduleO/GeneralExplanation/Explanation6The governing Board of Palmer Lutheran Health Center assumes responsibility for oversight and selection of an independent accountant for Palmer Memorial Foundation.
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Section A, line 1
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section A, line 2
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section A, line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part XII, Line 2c:
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IRS990/TotalFunctionalExpenses/ProgramServices067186
IRS990/TotalFunctionalExpenses/Total072379
IRS990/TotalFundrsngExpCurrentYear0193
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY00
IRS990/TotalLiabilitiesBOY00
IRS990/TotalLiabilities/EOY00
IRS990/TotalLiabilitiesEOY00
IRS990/TotalLiabNetAssetsFundBalances/BOY0661738
IRS990/TotalLiabNetAssetsFundBalances/EOY01100137
IRS990/TotalNbrEmployees00
IRS990/TotalNbrVolunteers014
IRS990/TotalNetAssetsFundBalances/BOY0661738
IRS990/TotalNetAssetsFundBalances/EOY01100137
IRS990/TotalOtherCompensation00
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceExpense067186
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg00
IRS990/TotalRevenueCurrentYear0510778
IRS990/TotalRevenue/ExclusionAmount010764
IRS990/TotalRevenuePriorYear074021
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome00
IRS990/TotalRevenue/TotalRevenueColumn0510778
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/TransfersToExemptNonChrtblOrg00
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UnrestrictedNetAssets/BOY0661738
IRS990/UnrestrictedNetAssets/EOY01100137
IRS990/UponRequest0X
IRS990/WebSite0www.palmerlutheran.org
IRS990/WhistleblowerPolicy00
IRS990/YearFormation01975
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0421032878
ReturnHeader/Filer/Name/BusinessNameLine10Palmer Memorial Foundation
ReturnHeader/Filer/NameControl0PALM
ReturnHeader/Filer/Phone05634223811
ReturnHeader/Filer/USAddress/AddressLine10112 Jefferson Street
ReturnHeader/Filer/USAddress/City0West Union
ReturnHeader/Filer/USAddress/State0IA
ReturnHeader/Filer/USAddress/ZIPCode052175
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02013-08-08
ReturnHeader/Officer/Name0Debrah Chensvold
ReturnHeader/Officer/Phone05634223811
ReturnHeader/Officer/Title0President/CEO
ReturnHeader/Preparer/DatePrepared02013-08-08
ReturnHeader/PreparerFirm/EIN0450250958

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.00$1.19$0.15$0.08$0.08
2023Summary only. Only limited summary data is available for this year.$1.11$0.01$1.11$0.41$0.02$0.39
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.00$0.71$0.10$0.07$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.01$0.68$0.23$0.06$0.17
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.02$0.51$0.11$0.04$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.03$0.45$0.12$0.05$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.01$0.38$0.06$0.03$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.36$0.01$0.35$0.05$0.03$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.01$0.33$0.05$0.09$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.39$0.02$0.37$0.09$0.08$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$0.10$0.50$0.40
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.00$0.77$0.09$0.41$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.00$1.10$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.00$0.66$0.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.02$0.84$0.06