St Margarets Health Spring Valley
- Assets
- $35.4m
- Revenue
- $67.7m
- Investments
- $0.0
- Employees
- 819
- Location
- Spring Valley, IL
- Founding
- 03/1946
- Data as of
- 09/2023
- EIN
- 36-2167884
Organization Overview
St Margarets Health Spring Valley, operating under the name St Margaret's Health, is located in Spring Valley, IL. The organization was established in 1946. 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 09/2023, St Margaret's Health employed 819 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Margaret's Health 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 09/2023, St Margaret's Health generated $67.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $77.3m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH CARE SERVICES TO IMPROVE THE HEALTH OF THE PEOPLE IN THE COMMUNITY
Describe the Organization's Program Activity:
ST. MARGARET'S HEALTH-SPRING VALLEY (HOSPITAL), FORMERLY KNOWN AS ST. MARGARET'S HOSPITAL, PREVIOUSLY DOING BUSINESS AS ST. MARGARET'S HEALTH, IS A 44-BED ACUTE CARE HOSPITAL LOCATED IN SPRING VALLEY, ILLINOIS. THE HOSPITAL ALSO OPERATES A NETWORK OF PRIMARY AND SPECIALTY CARE PHYSICIAN CLINICS IN SPRING VALLEY AND THE SURROUNDING AREA. ST. MARGARET'S HEALTH-SPRING VALLEY HAS A TRADITION OF SERVING THE POOR AND OTHERS IN THE AREA SURROUNDING SPRING VALLEY FOR OVER 100 YEARS. FOLLOWING IN THE FOOTSTEPS OF JESUS CHRIST, ST. MARGARET'S HEALTH-SPRING VALLEY IS REACHING OUT TO THE POOR AND THOSE MOST IN NEED. THE PRESENCE OF ST. MARGARET'S HEALTH-SPRING VALLEY MEANS MUCH MORE THAN DOLLARS AND CENTS. (CONTINUED ON SCHEDULE O)THE VALUE OF SERVICES TO THOSE IN NEED HAS BEEN MORE THAN A FINANCIAL SHEET CAN DESCRIBE, BECAUSE SOMETIMES THE SMALLER PROGRAMS DO THE MOST GOOD AND BECAUSE THE ORGANIZATION CANNOT POSSIBLY COUNT UP ALL THE SERVICES. ST. MARGARET'S HEALTH-SPRING VALLEY HAS BEEN A LEADER IN THE COMMUNITY, HELPING OTHERS TO SEE THE NEED TO RESPOND TO THE NEEDS OF THE POOR.THE HOSPITAL PROVIDES HEALTH CARE SERVICES TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ESTABLISHED RATES. SINCE THE HOSPITAL DOES NOT PURSUE COLLECTION OF THESE AMOUNTS, THEY ARE NOT REPORTED AS PATIENT SERVICE REVENUE. IN ADDITION, THE HOSPITAL PROVIDES SERVICES TO OTHER MEDICALLY INDIGENT PATIENTS UNDER CERTAIN GOVERNMENT REIMBURSED PUBLIC AID PROGRAMS. SUCH PROGRAMS PAY PROVIDERS AMOUNTS WHICH ARE LESS THAN ESTABLISHED CHARGES FOR THE SERVICES PROVIDED TO THE RECIPIENTS, AND FOR SOME SERVICES THE PAYMENTS ARE LESS THAN THE COST OF RENDERING THE SERVICES PROVIDED. THE HOSPITAL ALSO COMMITS SIGNIFICANT TIME AND RESOURCES TO ENDEAVORS AND CRITICAL SERVICES WHICH MEET OTHERWISE UNFULFILLED COMMUNITY NEEDS. MANY OF THESE ACTIVITIES ARE SPONSORED WITH THE KNOWLEDGE THAT THEY WILL NOT BE SELF-SUPPORTING OR FINANCIALLY VIABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy A Muntz President & CEO | OfficerTrustee | 60 | $0 |
Kim Santman Director-Vp Finance Until Feb 2022 | OfficerTrustee | 40.5 | $0 |
Dr Eric Santos - Director Medical Staff Pres-Smh Sv | Trustee | 0.5 | $0 |
Lisa Lynch VP Of Finance | Officer | 60 | $0 |
Dr Michael Shin MD Physician | 40 | $1,290,303 | |
Dr Paul Perona MD Physician | 40 | $983,469 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anesthesia Associates Ltd Contract Anesthesia Services | 9/29/23 | $1,924,000 |
Epss North Regions Llc Contract Emergency Physicians | 9/29/23 | $1,290,656 |
Aya Healthcare Inc Contract Staffing | 9/29/23 | $1,068,703 |
Huron Consulting Services Consulting | 9/29/23 | $945,347 |
Medical Solutions Llc Contract Staffing | 9/29/23 | $914,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,570,099 |
| All other contributions, gifts, grants, and similar amounts not included above | $653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,570,752 |
| Total Program Service Revenue | $63,922,944 |
| Investment income | $160,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $203,027 |
| Net Gain/Loss on Asset Sales | $1,873,074 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,729,858 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,222 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,267,106 |
| Pension plan accruals and contributions | $805,029 |
| Other employee benefits | $3,958,797 |
| Payroll taxes | $2,235,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,120,495 |
| Fees for services: Accounting | $58,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,947,923 |
| Advertising and promotion | $344,186 |
| Office expenses | $2,898,348 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,399,099 |
| Travel | $59,085 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,953 |
| Interest | $712,185 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,660,283 |
| Insurance | $667,774 |
| All other expenses | $0 |
| Total functional expenses | $77,297,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $558 |
| Savings and temporary cash investments | $1,834,046 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $849,468 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,821,780 |
| Prepaid expenses and deferred charges | $1,891,831 |
| Net Land, buildings, and equipment | $24,935,700 |
| Investments—publicly traded securities | $2,384,561 |
| Investments—other securities | $0 |
| Investments—program-related | $316,811 |
| Intangible assets | $0 |
| Other assets | $1,347,681 |
| Total assets | $35,382,436 |
| Accounts payable and accrued expenses | $14,548,293 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,944,924 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,307,561 |
| Total liabilities | $28,800,778 |
| Net assets without donor restrictions | $5,961,081 |
| Net assets with donor restrictions | $620,577 |
| 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 | $35,382,436 |
Grants Awarded
Over the last fiscal year, St Margarets Health Spring Valley has awarded $24,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LA SALLE BUSINESS ASSOCIATION PURPOSE: Community Sponsorship | $9,000 |
ARUKAH INSTITUTE OF HEALING INC PURPOSE: Community Sponsorship | $15,000 |