philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Hrmc Foundation FY2020 filing

Tax-deductible

Huron, SD501(c)(3)Health CareEIN 46-0437171

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.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $214K a year · 33% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $74K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$67K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$608K
Spent
$553K
To programs
80%
Net assets
$3.2M
By yearFY2020–FY2024
Revenue
$608K
FY2020
Revenue by fiscal year
FY2020$608K
FY2021$620K
FY2022$517K
FY2023$886K
FY2024$588K
Expenses
$553K
FY2020
Expenses by fiscal year
FY2020$553K
FY2021$345K
FY2022$286K
FY2023$639K
FY2024$326K
Net assets
$3.2M
FY2020
Net assets by fiscal year
FY2020$3.2M
FY2021$3.5M
FY2022$3.1M
FY2023$3.5M
FY2024$3.8M

From the FY2020 Form 990 · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CHrmc Foundation
EINHdr · item D46-0437171
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 1995
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CHuron, SD
NTEE classificationIRS BMFHealth Care (E39I)
WebsiteHdr · item Jwww.hrmcfoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$443K
Management & general20%$111K
Total functional expensesLn 25$553K

Financial health

Is it on solid ground?

Net inflow
+9%
revenue over expenses, this year
Pass-through gifts
59%
of revenue from contributions
Program spending
80%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$3.2M
FY2020
Total assets by fiscal year
FY2020$3.2M
FY2021$3.6M
FY2022$3.3M
FY2023$3.6M
FY2024$3.9M
Total liabilities
$67K
FY2020
Total liabilities by fiscal year
FY2020$67K
FY2021$67K
FY2022$188K
FY2023$67K
FY2024$66K
Revenue less expensesPt I · Ln 19$54K
Total assetsPt X · Ln 16$3.2M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$472K
Total assetsLn 16$3.2M
Total liabilitiesLn 26$67K
Total net assetsLn 32$3.2M
Months of cash on handcomputed10.2

Statement of Revenue

Part VIII
Contributions & grants$357K · 59%
Investment income$135K · 22%
Program service revenue$69K · 11%
Other revenue$47K · 8%
Contributions & grants59%$357K
Investment income22%$135K
Program service revenue11%$69K
Other revenue8%$47K
Total revenueLn 12$608K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.2M · Operating expenses/yr $553K
69.7 months
Where the money goes
Program services
Program services $443K · Total expenses $553K
80%
Management & General
Management & general $111K · Total expenses $553K
20%
Fundraising
Fundraising $0 · Total expenses $553K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $357K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $357K · Total revenue $608K
59%
Government reliance
Government grants — · Total revenue $608K
—
Earned-income share
Program service revenue $69K · Total revenue $608K
11%
Investment reliance
Investment income $135K · Total revenue $608K
+22%
Program self-sufficiency
Program service revenue $69K · Total expenses $553K
12%
Growth & trend
Revenue growth (YoY)
This year $608K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $3.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $608K · Expenses $553K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $3.2M
—
Net-asset ratio
Net assets $3.2M · Total assets $3.2M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.7M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.2M
85%
People & payroll
Highest Reported Total Compensation
Individual Lisa Boomsma · Reported title CHAIRWOMAN · Highest reported compensation $0 · Total expenses $553K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $118K · Total expenses $553K
21%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%——
Overhead ratio 20%——
Fundraising cost ratio 0%——
Legal fee ratio 0.02%——
Accounting fee ratio 0.7%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Lisa Boomsma
Chairwoman
$0Pt VII · Sec A
Bridget Carr
Director
$0Pt VII · Sec A
Ryan Goehner
Secretary-Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
Tasha Lee
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Katie Reno
Director
$0Pt VII · Sec A
Laurie Smith
Director
$0Pt VII · Sec A
See Hrmc Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Governance & Policies

Part VI
  • 9Voting board membersPt VI · Ln 1a
  • 9Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Raises funds annually to support and enhance healthcare services at Huron Regional Medical Center.

Provided by the organization

This section is blank until Hrmc Foundation claims this page.

Know this organization? Claim it to add your story

Mission & Programs · Part III

Where the work happens

1 program service account for $443K of program spending, described in the organization's own filed words · FY2020.
01

Expenditures to bring gifts of the community together to strengthen, support and enhance the huron regional medical center system of care.

$443Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
South Dakota Community FoundationFY2024$73K
J S Plank and D M Dicarlo Family Foundation INCFY2024$1K
Total grants receivedfrom 2 funders$74K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $588K$326K-34% 990 PDF
FY2023 $886K$639K+71% 990 PDF
FY2022 $517K$286K-17% 990 PDF
FY2021 $620K$345K+2% 990 PDF
FY2020 Viewing $608K$553K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2020

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $553,393 across 10 lines filed
IX-7 Other salaries and wagesPrograms $86,779 · Management $9,642$96,421
IX-9 Other employee benefitsPrograms $19,714 · Management $2,190$21,904
IX-11b Legal feesManagement $86$86
IX-11c Accounting feesPrograms $3,968$3,968
IX-11g Other fees for servicesManagement $91,992$91,992
IX-12 Advertising and promotionPrograms $16,967$16,967
IX-13 Office expensesPrograms $6,302$6,302
IX-23 InsurancePrograms $1,511$1,511
IX-24 Other expenses (24a–d)Programs $307,578 · Management $6,107$313,685
IX-24e All other expensesManagement $557$557
IX-25 Total functional expensesPrograms $442,819 · Management $110,574 · Fundraising $0$553,393

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

Similar organizations you could support

Closest in mission — by what they do
Guadalupe Regional Medical FoundationTX
Omc Regional FoundationMN
The Kirby FoundationIL
Umc Foundation INCNV
Riverwood Healthcare Center & Community Hospital FoundationMN
Buena Vista Regional Healthcare FoundationIA
See all organizations like Hrmc Foundation →

Run this organization? Claim this page

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.