Medisota EIN 39-1476780

Medisota FY2023 filing

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Hospitals collaborate to offer education, recruit doctors, and negotiate vendor contracts. For fiscal year 2023 it reported $407K in revenue, $423K in expenses, and $265K in net assets.Pt I

Type
Supporting organization · Hospitals
Location
Dawson, MN
Website
www.medi-sota.org
Filings
5 on file (2021–2023)
Revenue
$407KFY2023
Expenses
$423K
Net assets
$265K
People
34
Filings
5
Updates
0
More identity details & actions ⌄
EIN  39-1476780 Supporting organization Dawson, MN
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Hospitals collaborate to offer education, recruit doctors, and negotiate vendor contracts.
Leadership
Kurt Waldbillig · Volunteer
Money in and out
$407K revenue, $423K expenses
Bottom line
-4% net inflow
Money in and out · FY2023
Total revenue
$407K
Pt VIII · Ln 12
Total expenses
$423K
Pt IX · Ln 25
Net assets
$265K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$16K
Where spending went · Part IX cols B–D
Program services $0.56 Management & general $0.44
Net inflow
-4%
revenue over expenses, this year
Pass-through gifts
74%
of revenue from contributions
Program spending
56%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$407K
FY2023▼ -22%
Expenses
$423K
FY2023▼ -1%
Total assets
$265K
FY2023▼ -6%
Total liabilities
$0
FY2023
Total revenue
$407K
Pt VIII · Ln 12
Total expenses
$423K
Pt IX · Ln 25
Net assets
$265K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$16K
Total assetsPt X · Ln 16$265K
Program-expense ratioPt IX · col B56%
Voting members of governing bodyPt I · Ln 337
Independent voting membersPt I · Ln 437
Mission & Programs · Part III

Where the work happens

3 program services account for $224K of program spending, described in the organization's own filed words · FY2022.
01

Recruiting activities are provided as a means for all members to recruit jointly by contracting with one coordinator who assists members with specific searches, recruitment background checks, reference checks for candidates to fill openings within the membership.

$84Kprogram expense
02

Medi-Sota contracts with an individual contractor to facilitate educational workshops/courses/classes as well as other curriculum for all staff within the membership. These programs provide continuing education units for professional licensed and technical/certified staff along with trustees of member facilities.

$78Kprogram expense
03

Misc. Expenses are used to support various programs and services. Revenue associated with this is from members to pay for these misc. expenses.

$61Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMedisota
EINHdr · item D39-1476780
Principal addressHdr · item CDawson, MN
WebsiteHdr · item Jwww.medi-sota.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHospitals (E21Z)
Ruling yearIRS BMFMay 1984

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a37
Independent voting membersPt VI · Ln 1b37
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Volunteer
$0Pt VII · Sec A
Volunteer
$0Pt VII · Sec A
Volunteer
$0Pt VII · Sec A
$0Pt VII · Sec A
Volunteer
$0Pt VII · Sec A
Volunteer
$0Pt VII · Sec A
See Medisota executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$300K · 74%
Program service revenue$107K · 26%
Contributions & grants74%$300K
Program service revenue26%$107K
Investment income$236
Total revenueLn 12$407K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.56 Management & general $0.44
Program services56%$236K
Management & general44%$187K
Total functional expensesLn 25$423K

Balance Sheet

Part X · end of year
CashLn 1$265K
Total assetsLn 16$265K
Total liabilitiesLn 26$0
Total net assetsLn 32$265K
Months of cash on handcomputed7.5

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $265K · Operating expenses/yr $423K
7.5 months
Where the money goes
Program services
Program services $236K · Total expenses $423K
56%
Management & General
Management & general $187K · Total expenses $423K
44%
Fundraising
Fundraising $0 · Total expenses $423K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $326K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $300K · Total revenue $407K
74%
Government reliance
Government grants $0 · Total revenue $407K
0%
Earned-income share
Program service revenue $107K · Total revenue $407K
26%
Investment reliance
Investment income $236 · Total revenue $407K
+0.06%
Program self-sufficiency
Program service revenue $107K · Total expenses $423K
25%
Growth & trend
Revenue growth (YoY)
This year $407K · Prior year $522K
-22%
Net-asset trend (YoY)
End of year $265K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $407K · Expenses $423K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $265K
Net-asset ratio
Net assets $265K · Total assets $265K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $265K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kurt Waldbillig · Reported title Volunteer · Highest reported compensation $0 · Total expenses $423K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $423K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 56%
Overhead ratio 44%
Fundraising cost ratio 0%
Revenue growth -22%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$485K revenue · ⤓ 990 PDF
FY2024$465K revenue · ⤓ 990 PDF
FY2023$407K revenue · viewing · ⤓ 990 PDF
FY2022$522K revenue · ⤓ 990 PDF
FY2021$454K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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