Katherine Shaw Bethea Hospital
- Assets
- $132.2m
- Revenue
- $160.0m
- Investments
- $0.0
- Employees
- 1,169
- Location
- Dixon, IL
- Founding
- 02/1957
- Data as of
- 12/2021
- EIN
- 36-1000540
Organization Overview
Katherine Shaw Bethea Hospital is located in Dixon, IL. The organization was established in 1957. 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 12/2022, Katherine Shaw Bethea Hospital employed 1,169 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Katherine Shaw Bethea 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 12/2021, Katherine Shaw Bethea Hospital generated $160.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $164.8m during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Katherine Shaw Bethea Hospital has awarded 67 individual grants totaling $949,563. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RESTORE, MAINTAIN, AND ENHANCE HEALTH BY PROVIDING SUPERIOR CARE NOW AND IN THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, KATHERINE SHAW BETHEA HOSPITAL (KSB) HAD 3,057 INPATIENT VISITS AND 224,192 OUTPATIENT VISITS. KSB IS COMMITTED TO PROVIDING THE HIGHEST QUALITY OF HEALTHCARE REGARDLESS OF ABILITY TO PAY. KSB SUBSIDIZES THE COST OF TREATING PATIENTS WHO ARE UNABLE TO PAY AND THOSE WHO RECEIVE GOVERNMENT ASSISTANCE WHERE REIMBURSEMENT IS LIMITED. THE COST OF CHARITY CARE, BASED ON THE HOSPITAL'S COST-TO-CHARGE RATIO, PROVIDED BY THE HOSPITAL, WAS APPROXIMATELY $187,000 IN 2022.KSB PROVIDES 24-HOUR EMERGENCY MEDICAL SERVICES STAFFED BY FULL-TIME PHYSICIANS. PATIENTS ARE TREATED REGARDLESS OF INSURANCE OR ABILITY PAY. ER VISITS IN 2022 WERE 19,360.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynette Knodle Past Chairperson | Trustee | 2.1 | $0 |
Colleen T Henkel Chairperson | OfficerTrustee | 1.4 | $0 |
Katie Pratt Secretary | OfficerTrustee | 0.9 | $0 |
Chris Hammitt Treasurer | OfficerTrustee | 1.4 | $0 |
Rick Curia Board Member | Trustee | 0.9 | $0 |
Joseph Welty MD Board Member / Physician | Trustee | 7 | $123,922 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medirevv Billing And Coding Services | 12/30/22 | $4,905,960 |
Cerner Emr Services | 12/30/22 | $1,986,640 |
Brown Construction Co Construction Services | 12/30/22 | $1,358,766 |
Rockford Anesthesiologists Associated L Anesthesiology | 12/30/22 | $1,092,501 |
Lab Corporation Lab Testing | 12/30/22 | $610,089 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $12,830 |
| Government grants | $7,613,731 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,372 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,654,933 |
| Total Program Service Revenue | $151,479,780 |
| Investment income | $210,131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$168,561 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $160,035,743 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $246,991 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,315,516 |
| Compensation of current officers, directors, key employees. | $1,571,463 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,947,882 |
| Pension plan accruals and contributions | $2,026,316 |
| Other employee benefits | $13,748,056 |
| Payroll taxes | $3,805,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100,163 |
| Fees for services: Accounting | $66,789 |
| Fees for services: Lobbying | $31,106 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,387 |
| Fees for services: Other | $19,131,003 |
| Advertising and promotion | $216,253 |
| Office expenses | $19,721,939 |
| Information technology | $5,579,275 |
| Royalties | $0 |
| Occupancy | $1,633,015 |
| Travel | $135,508 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $174,684 |
| Interest | $901,827 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,047,221 |
| Insurance | $2,610,491 |
| All other expenses | $1,325,483 |
| Total functional expenses | $164,799,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,511 |
| Savings and temporary cash investments | $20,285,472 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,064,802 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,905,297 |
| Prepaid expenses and deferred charges | $1,647,567 |
| Net Land, buildings, and equipment | $49,700,555 |
| Investments—publicly traded securities | $21,580,012 |
| Investments—other securities | $0 |
| Investments—program-related | $5,771,406 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $132,187,622 |
| Accounts payable and accrued expenses | $50,689,260 |
| Grants payable | $0 |
| Deferred revenue | $6,287,141 |
| 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 | $20,012,624 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $76,989,025 |
| Net assets without donor restrictions | $53,918,748 |
| Net assets with donor restrictions | $1,279,849 |
| 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 | $132,187,622 |
Grants Awarded
Over the last fiscal year, Katherine Shaw Bethea Hospital has awarded $49,193 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DIXON FAMILY YMCA PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
SAUK VALLEY COMMUNITY COLLEGE PURPOSE: GENERAL OPERATING SUPPORT | $8,193 |
HOME OF HOPE CANCER WELLNESS CENTERS PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
DIXON CHAMBER OF COMMERCE AND MAIN STREET INC PURPOSE: GENERAL OPERATING SUPPORT | $6,000 |