Ivinson Memorial Hospital
- Assets
- $365.7m
- Revenue
- $147.2m
- Investments
- $39.5m
- Employees
- 737
- Location
- Laramie, WY
- Founding
- 06/2017
- Data as of
- 06/2023
- EIN
- 30-0975387
Organization Overview
Ivinson Memorial Hospital is located in Laramie, WY. The organization was established in 2017. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2023, Ivinson Memorial Hospital employed 737 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivinson Memorial Hospital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Ivinson Memorial Hospital generated $147.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $126.7m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRUSTED PARTNERS IN WORLD-CLASS HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IVINSON MEMORIAL HOSPITAL SERVES THE RESIDENTS OF ALBANY COUNTY, WYOMING AND THE SURROUNDING AREA. LARAMIE IS THE LARGEST CITY IN THE SERVICE AREA WITH A POPULATION OF APPROXIMATELY 32,000. THE SERVICES PROVIDED TO THE COMMUNITY ARE BEHAVIORAL HEALTH (INPATIENT), CARDIAC REHAB, CARDIOPULMONARY, CHAPLAIN, DIALYSIS, DISCHARGE PLANNING / SOCIAL SERVICES, EMERGENCY SERVICES, INFECTION CONTROL, INPATIENT ACUTE CARE, INTENSIVE CARE UNIT, IVINSON MEDICAL GROUP, LAB (ANATOMIC / CLINICAL), NUTRITIONAL COUNSELING, OB/GYN, ONCOLOGY, PEDIATRICS, PHARMACY, RADIATION THERAPY, RADIOLOGY / DIAGNOSTIC IMAGING, RADIOLOGY - MRI, RADIOLOGY - CT, RADIOLOGY - NUCLEAR MEDICINE, RADIOLOGY - MAMMOGRAPHY, REHAB - PHYSICAL / OCCUPATIONAL THERAPY, SLEEP LAB, SPEECH PATHOLOGY - INPATIENT (INCLUDING SWING BEDS)/ OUTPATIENT, SURGERY SERVICES, AND ULTRASOUND.FOR THE YEAR ENDED JUNE 30, 2023, IMH HAD THE FOLLOWING STATISTICS:ADMISSIONS - 1,726EMERGENCY VISITS - 11,987URGENT CARE - 7,533OUTPATIENT VISITS - 84,936CLINIC VISITS - 44,773IMH ALSO PROVIDED $3,750,863 IN CHARITY CARE FOR THE YEAR ENDED JUNE 30, 2023.IN 2022, CHARTIS RECOGNIZED IMH AS A TOP 100 RURAL FACILITY. THE CHARTIS CENTER BASES THEIR TOP 100 LIST ON THE HOSPITAL STRENGTH INDEX, AN ASSESSMENT OF A HOSPITAL'S PERFORMANCE IN INPATIENT/OUTPATIENT MARKET SHARE, QUALITY, OUTCOMES, PATIENT PERSPECTIVE, COST, CHARGE AND FINANCIAL EFFICIENCY. THIS IS THE FIFTH YEAR IN A ROW THAT IMH HAS BEEN RECOGNIZED AS A TOP 100 RURAL FACILITY. IN 2022, IMH ALSO RECEIVED AN A GRADE FROM THE LEAPFROG GROUP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Faus CEO | OfficerTrustee | 40 | $0 |
Joseph Steiner Chair | OfficerTrustee | 3 | $0 |
Brad Jackson Vice Chair | OfficerTrustee | 3 | $0 |
Catie Ballard Past Chair | OfficerTrustee | 3 | $0 |
Gary Crum Treasurer | OfficerTrustee | 3 | $0 |
Dennis Cook Secretary | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ncap Imh Llc Anesthesia Providers | 6/29/23 | $3,570,722 |
Gh Phipps Wyoming Llc Construction | 6/29/23 | $2,898,282 |
Summit Medical Group Llc Ed Physicians | 6/29/23 | $1,126,352 |
Synergy Surgicalists Llc Ortho Physicians | 6/29/23 | $1,055,271 |
Revenue Enterprises Llc Accounts Receivable | 6/29/23 | $618,713 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $668,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $668,080 |
| Total Program Service Revenue | $139,581,066 |
| Investment income | $5,714,404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $599,488 |
| Net Gain/Loss on Asset Sales | $83,813 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $35,484 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $147,185,037 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,750,863 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,464,973 |
| Compensation of current officers, directors, key employees. | $1,407,224 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,260,769 |
| Pension plan accruals and contributions | $1,501,015 |
| Other employee benefits | $8,116,219 |
| Payroll taxes | $2,751,923 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $147,988 |
| Fees for services: Accounting | $74,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $758,040 |
| Fees for services: Other | $18,875,221 |
| Advertising and promotion | $604,768 |
| Office expenses | $3,168,052 |
| Information technology | $2,334,610 |
| Royalties | $0 |
| Occupancy | $1,505,129 |
| Travel | $189,052 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,764,613 |
| Insurance | $1,316,341 |
| All other expenses | $345,183 |
| Total functional expenses | $126,708,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,863,859 |
| Savings and temporary cash investments | $18,798,487 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,483,950 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,585,412 |
| Prepaid expenses and deferred charges | $1,446,382 |
| Net Land, buildings, and equipment | $73,686,336 |
| Investments—publicly traded securities | $178,961,483 |
| Investments—other securities | $39,504,836 |
| Investments—program-related | -$1,005 |
| Intangible assets | $0 |
| Other assets | $34,406,634 |
| Total assets | $365,736,374 |
| Accounts payable and accrued expenses | $9,487,496 |
| Grants payable | $0 |
| Deferred revenue | $12,898,091 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $373,016 |
| Total liabilities | $22,758,603 |
| Net assets without donor restrictions | $281,268,899 |
| Net assets with donor restrictions | $61,708,872 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $365,736,374 |