Crete Area Medical Center

EIN: 470841285 501(c)(3) Health Care

Crete, NE

Total Revenue
$35,930,314
Total Expenses
$31,246,885
Total Assets
$54,729,424
Net Assets
$49,475,885
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NE
Phone
4024811111
Tax Period
2023-01-01 to 2023-12-31

Crete Area Medical Center, founded in 2001, is a mid-sized nonprofit in the Health Care sector that reported $35.9M in total revenue in fiscal year 2023. Expenses of $31.2M left a modest 13% surplus.

Mission

CRETE AREA MEDICAL CENTER IS COMMITTED TO ADVANCING THE HEALTH OF THE COMMUNITIES AND REGION WE SERVE. DURING 2023, CRETE AREA MEDICAL CENTER HAS PROVIDED CHARITY CARE TO 859 PATIENTS AT A COST OF $850,894.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $440,074
Program Service Revenue $33,877,826
Investment Income $714,982
Other Revenue $897,432
TOTAL REVENUE $35,930,314

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,447,105
Fundraising Expenses $0
Program Expenses $29,205,850
Other Expenses $12,799,780
TOTAL EXPENSES $31,246,885

Year-over-Year Comparison

2023 2022 Change
Revenue $35,930,314 $33,446,526 +0.1%
Expenses $31,246,885 $30,134,004 +0.0%
Net Income $4,683,429 $3,312,522 +0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
4
Employees
211
Volunteers
59

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,654,373
Total Directors
8
$1,935,500
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHAIR 1.0
Officer Director
$0 $61,926 $497,853
N/A VICE CHAIR 1.0
Officer Director
$0 $0 $0
N/A SECRETARY 1.0
Officer Director
$0 $0 $0
N/A TREASURER 1.0
Officer Director
$0 $42,388 $598,977
N/A PRESIDENT/CEO CRETE AREA MEDICAL CENTER 50.0
Officer Director
$329,619 $42,371 $371,990
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A PHYSICIAN/EX-OFFICIO MEMBER 50.0
Director
$449,875 $16,805 $466,680
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A CFO - CRETE AREA MEDICAL CENTER 50.0
Officer
$162,202 $23,351 $185,553
N/A PHYSICIAN 50.0
Highest
$312,870 $46,694 $359,564
N/A PHYSICIAN 50.0
Highest
$385,905 $44,250 $430,155
N/A PHYSICIAN 50.0
Highest
$335,864 $51,310 $387,174
N/A PHYSICIAN 50.0
Highest
$359,376 $49,632 $409,008
N/A PHYSICIAN 50.0
Highest
$381,276 $49,248 $430,524
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $35,930,314 $31,246,885 $54,729,424 $4,683,429
2022 $33,446,526 $30,134,004 $50,272,708 $3,312,522
2021 $33,009,818 $27,316,310 $47,488,774 $5,693,508
2020 $31,290,646 $24,555,540 $40,884,763 $6,735,106
2019 $26,479,416 $23,518,158 $30,332,337 $2,961,258
2018 $26,886,547 $24,066,878 $26,917,066 $2,819,669
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