Civic Intelligence

Hrmc Foundation

990 • Fiscal year 2020 • EIN 46-0437171

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

Organization ProfileWWW.HRMCFOUNDATION.ORG
110 4th St SE B8Huron, SD 57350

(605) 353-6315

Siviq Scores

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

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

45th percentile

0.11x

Higher debt load relative to revenue than 45% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

57th percentile

8.9%

Higher net margin than 57% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

49th percentile

5.6%

Faster asset growth than 49% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

88th percentile

55%

Faster revenue growth than 88% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$3,223,467

Up $172,114 (+5.6%) from 2019

Net Assets

Up

$3,156,891

Up $165,469 (+5.5%) from 2019

Liabilities

Up

$66,576

Up $6,645 (+11%) from 2019

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin57th percentile

Revenue

Up

$607,600

Up $216,722 (+55%) from 2019

Expenses

Up

$553,393

Up $4,294 (+0.8%) from 2019

Net Income

Up

$54,207

Up $212,428 (+134%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,634,209Liabilities 2010: $95,070Net Assets 2010: $1,539,1392010Assets 2011: $1,861,952Liabilities 2011: $95,723Net Assets 2011: $1,766,2292011Assets 2012: $1,769,248Liabilities 2012: $98,400Net Assets 2012: $1,670,8482012Assets 2013: $1,871,334Liabilities 2013: $63,814Net Assets 2013: $1,807,5202013Assets 2014: $2,078,827Liabilities 2014: $74,375Net Assets 2014: $2,004,4522014Assets 2015: $2,114,155Liabilities 2015: $64,215Net Assets 2015: $2,049,9402015Assets 2016: $3,027,932Liabilities 2016: $36,888Net Assets 2016: $2,991,0442016Assets 2017: $3,265,587Liabilities 2017: $62,815Net Assets 2017: $3,202,7722017Assets 2018: $2,928,453Liabilities 2018: $60,181Net Assets 2018: $2,868,2722018Assets 2019: $3,051,353Liabilities 2019: $59,931Net Assets 2019: $2,991,4222019Assets 2020: $3,223,467Liabilities 2020: $66,576Net Assets 2020: $3,156,8912020Assets 2021: $3,566,373Liabilities 2021: $66,576Net Assets 2021: $3,499,7972021Assets 2022: $3,328,888Liabilities 2022: $187,823Net Assets 2022: $3,141,0652022Assets 2023: $3,580,945Liabilities 2023: $67,008Net Assets 2023: $3,513,9372023Assets 2024: $3,863,721Liabilities 2024: $66,224Net Assets 2024: $3,797,4972024

Highlighted filing

2020

Assets$3,223,467
Liabilities$66,576
Net Assets$3,156,891
Open 2020 Filing

Operations Trend

Revenue Growth88th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $179,0572010Revenue 2011: $236,122Expenses 2011: $185,197Net Income 2011: $50,9252011Expenses 2012: $213,6312012Revenue 2013: $211,124Expenses 2013: $140,675Net Income 2013: $70,4492013Revenue 2014: $270,799Expenses 2014: $189,629Net Income 2014: $81,1702014Revenue 2015: $331,405Expenses 2015: $148,621Net Income 2015: $182,7842015Revenue 2016: $1,264,302Expenses 2016: $251,905Net Income 2016: $1,012,3972016Revenue 2017: $648,010Expenses 2017: $435,809Net Income 2017: $212,2012017Revenue 2018: $406,216Expenses 2018: $462,710Net Income 2018: -$56,4942018Revenue 2019: $390,878Expenses 2019: $549,099Net Income 2019: -$158,2212019Revenue 2020: $607,600Expenses 2020: $553,393Net Income 2020: $54,2072020Revenue 2021: $620,258Expenses 2021: $345,012Net Income 2021: $275,2462021Revenue 2022: $516,792Expenses 2022: $285,665Net Income 2022: $231,1272022Revenue 2023: $885,783Expenses 2023: $639,267Net Income 2023: $246,5162023Revenue 2024: $588,370Expenses 2024: $325,825Net Income 2024: $262,5452024

Highlighted filing

2020

Revenue$607,600
Expenses$553,393
Net Income$54,207
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.0
Gross Receipts
$910,421
Mission and Program Overview

Mission

Purpose is to raise gift income each year, which will be used to support and endow the maintenance and enhancement of the health care services on behalf of huron regional medical center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,809,227$2,743,138▼ $66,089
Savings and Temporary Cash Investments$154,597$243,252▲ $88,655
Cash and Non-Interest-Bearing Accounts$79,109$228,657▲ $149,548
Pledges and Grants Receivable$8,420$8,420→ $0
Total Assets$3,051,353$3,223,467▲ $172,114
Liabilities
Accounts Payable and Accrued Expenses$59,181$65,826▲ $6,645
Other Liabilities$750$750→ $0
Total Liabilities$59,931$66,576▲ $6,645
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,939,247$2,049,926▲ $110,679
Net Assets Without Donor Restrictions$1,052,175$1,106,965▲ $54,790
Total Net Assets Fund Balance$2,991,422$3,156,891▲ $165,469
Total Liabilities and Net Assets / Fund Balance$3,051,353$3,223,467▲ $172,114

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$10,614$10,614
Equipment-$4,073$4,073

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$826,836-▲ $115,717-$926,553
2019$718,769-▲ $136,212-$826,836
2018$753,571-▼ $24,825-$718,769
2017$652,008-▲ $113,647-$753,571
2016$629,245-▲ $34,765-$652,008
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Lisa BoomsmaChairwoman
Doug StahlyVice Chair
Bridget CarrDirector
Katie RenoDirector
Kristi MattkeDirector
Laurie SmithDirector
Nicola LarsonDirector
Tasha LeeDirector
Ryan GoehnerSecretary-tr
Revenue and Support

Revenue Composition

Contributions and Grants
$356,901
Program Service Revenue
$69,054
Investment Income
$135,012
Other Revenue
$46,633
All Other Contributions
$336,901
Change in Net Assets
$54,207
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$435,068
Salaries, Compensation, and Employee Benefits$118,325
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$86,779$9,642-$96,421
Fees for Services Other-$91,992-$91,992
Other Employee Benefits$19,714$2,190-$21,904
Advertising$16,967--$16,967
Office Expenses$6,302--$6,302
Fees for Services Accounting$3,968--$3,968
Other Expenses$17,696$2,704-$2,704
Insurance$1,511--$1,511
All Other Expenses-$557-$557
Fees for Services Legal-$86-$86
Total Functional Expenses$442,819$110,574$0$553,393
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$63,068
Fundraising Direct Expenses$16,435
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf & Banquet$63,068$63,068$16,435$46,633
Total Events$63,068$63,068$16,435$46,633
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
ANDY'S ROAD RACE$500
Hosa$250
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The executive director review the form 990 before it is signed and filed.”

Form 990, Page 6, Part VI, Line 12C

“The executive committee of the board of directors regularly reviews these disclosures and acts according to the organization's bylaws and policies to ensure compliance. If necessary, a board member may be requested to recuse themselves from a formal board vote or in an extreme case, resign their board membership.”

Form 990, Page 6, Part VI, Line 15A

“The executive director's salary is based on the process developed and implemented by hurn regional medical center and its employees.”

Form 990, Page 6, Part VI, Line 19

“Copies of the organization's governing documents, conflict of interest policy and financial statements are available upon request for inspection in the organization's office.”

Filing and Contact Details

Filer

Filer Name
Hrmc Foundation
EIN
46-0437171
Address
110 4TH ST SE B8, HURON, SD 57350

Signing Officer

Name
Shawn Martin
Title
Exe Director
Signed
2021-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Boomsma
Formed
1994
Legal Domicile
Sd
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
L Boomsma CPA Prof LLC
Address
1498 DAKOTA AVE S, HURON, SD 57350-3661
Preparer
Lisa Boomsma
Phone
6053531040
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“CAMPAIGN 0 91,992 0”

Raw XML AppendixShowing 400 of 426 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04073
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04073
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010614
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010614
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ANDY'S ROAD RACE
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IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt016435
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF & BANQUET
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt063068
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt063068
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt063068
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt046633
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0CORNERSTONES FINANCIAL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1L BOOMSMA CPA PROF LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1BOOKKEEPING SERVICES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR REVIEW THE FORM 990 BEFORE IT IS SIGNED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REGULARLY REVIEWS THESE DISCLOSURES AND ACTS ACCORDING TO THE ORGANIZATION'S BYLAWS AND POLICIES TO ENSURE COMPLIANCE. IF NECESSARY, A BOARD MEMBER MAY BE REQUESTED TO RECUSE THEMSELVES FROM A FORMAL BOARD VOTE OR IN AN EXTREME CASE, RESIGN THEIR BOARD MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR'S SALARY IS BASED ON THE PROCESS DEVELOPED AND IMPLEMENTED BY HURN REGIONAL MEDICAL CENTER AND ITS EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR INSPECTION IN THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CAMPAIGN 0 91,992 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0442819
IRS990/TotalFunctionalExpensesGrp/TotalAmt0553393
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IRS990/TotalProgramServiceRevenueAmt069054
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0607600
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01498 DAKOTA AVE S
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IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.HRMCFOUNDATION.ORG
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,223,467
Liabilities
$66,576
Net assets
$3,156,891
Revenue
$607,600
Expenses
$553,393
Net income
$54,207
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.86$0.07$3.80$0.59$0.33$0.26
2023Detailed filing. Detailed filing data is available for this year.$3.58$0.07$3.51$0.89$0.64$0.25
2022Detailed filing. Detailed filing data is available for this year.$3.33$0.19$3.14$0.52$0.29$0.23
2021Detailed filing. Detailed filing data is available for this year.$3.57$0.07$3.50$0.62$0.35$0.28
2020Detailed filing. Detailed filing data is available for this year.$3.22$0.07$3.16$0.61$0.55$0.05
2019Detailed filing. Detailed filing data is available for this year.$3.05$0.06$2.99$0.39$0.55$0.16
2018Detailed filing. Detailed filing data is available for this year.$2.93$0.06$2.87$0.41$0.46$0.06
2017Detailed filing. Detailed filing data is available for this year.$3.27$0.06$3.20$0.65$0.44$0.21
2016Detailed filing. Detailed filing data is available for this year.$3.03$0.04$2.99$1.26$0.25$1.01
2015Detailed filing. Detailed filing data is available for this year.$2.11$0.06$2.05$0.33$0.15$0.18
2014Detailed filing. Detailed filing data is available for this year.$2.08$0.07$2.00$0.27$0.19$0.08
2013Summary only. Only limited summary data is available for this year.$1.87$0.06$1.81$0.21$0.14$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.10$1.67$0.21
2011Summary only. Only limited summary data is available for this year.$1.86$0.10$1.77$0.24$0.19$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$0.10$1.54$0.18