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 09/2021, St Margaret's Health employed 901 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 09/2021, St Margaret's Health generated $91.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $99.6m during the year ending 09/2021. While expenses have increased by 3.6% per year over the past 6 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
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.ST. MARGARET'S HEALTH-SPRING VALLEY HAD 5,842 PATIENT DAYS IN FISCAL YEAR 2021 WITH 1,710 ADMISSIONS AND 1,707 DISCHARGES. TOTAL CLINIC VISITS WERE 113,755 AND OUTPATIENT VISITS WERE 151,304.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. THE ESTIMATED COST OF PROVIDING THESE SERVICES WAS $457,000 FOR THE YEAR ENDED SEPTEMBER 30, 2021 CALCULATED BY MULTIPLYING THE RATIO OF COST TO GROSS CHARGES FOR THE HOSPITAL BY THE GROSS UNCOMPENSATED CHARGES ASSOCIATED WITH PROVIDING CHARITY CARE TO ITS PATIENTS.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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Michael Shin MD Physician | 40 | $1,106,336 | |
Dr Paul Perona MD Physician | 40 | $1,014,598 | |
Dr Dale Chilson DO Physician | 40 | $728,905 | |
Dr Ramon Inciong MD Hospitalist | 40 | $459,577 | |
Dr Robert Morrow MD Internal Medicine/pediatrics | 40 | $336,701 | |
Aaron K Alton - Director Thru Dec 2020/president Smp Health | OfficerTrustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Smp Health Administrative Services | 9/29/21 | $3,137,316 |
Anesthesia Associates Ltd Contract Anesthesia Services | 9/29/21 | $1,667,000 |
Huron Consulting Services Consulting | 9/29/21 | $1,657,386 |
Epss North Regions Llc Contract Emergency Physicians | 9/29/21 | $1,058,963 |
Unitypoint Health Contract Lab Testing | 9/29/21 | $1,002,581 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $8,229,738 |
All other contributions, gifts, grants, and similar amounts not included above | $33,611 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $8,263,349 |
Total Program Service Revenue | $80,671,043 |
Investment income | $820,821 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $85,136 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $91,881,221 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $29,765 |
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. | $59,789 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $29,822 |
Other salaries and wages | $37,922,872 |
Pension plan accruals and contributions | $826,720 |
Other employee benefits | $5,174,594 |
Payroll taxes | $2,501,210 |
Fees for services: Management | $0 |
Fees for services: Legal | $760,308 |
Fees for services: Accounting | $63,800 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $22,586,786 |
Advertising and promotion | $1,032,991 |
Office expenses | $4,026,630 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,190,128 |
Travel | $103,677 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $60,928 |
Interest | $1,019,969 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $6,081,226 |
Insurance | $2,552,060 |
All other expenses | $0 |
Total functional expenses | $99,608,214 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,985 |
Savings and temporary cash investments | $4,501,697 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $15,593,830 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $2,047,599 |
Prepaid expenses and deferred charges | $1,543,942 |
Net Land, buildings, and equipment | $38,598,510 |
Investments—publicly traded securities | $3,128,020 |
Investments—other securities | $34,380,035 |
Investments—program-related | $316,647 |
Intangible assets | $0 |
Other assets | $7,614,375 |
Total assets | $107,727,640 |
Accounts payable and accrued expenses | $8,791,037 |
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 | $25,352,099 |
Unsecured mortgages and notes payable | $200,000 |
Other liabilities | $17,903,117 |
Total liabilities | $52,246,253 |
Net assets without donor restrictions | $54,766,819 |
Net assets with donor restrictions | $714,568 |
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 | $107,727,640 |
Over the last fiscal year, St Margarets Health Spring Valley has awarded $14,500 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
LASALLE BUSINESS ASSOCIATION PURPOSE: Jazz/Blues Festival Sponsor | $9,000 |
La Salle, IL PURPOSE: Sponsor | $5,500 |
Over the last fiscal year, we have identified 3 grants that St Margarets Health Spring Valley has recieved totaling $317,257.
Awarding Organization | Amount |
---|---|
Illinois Critical Access Hospital Network Princeton, IL PURPOSE: ARP SHIP COVID | $256,978 |
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $54,958 |
Walter Durley Boyle Charitable Trust Princeton, IL PURPOSE: FOR THE CONSTRUCTION OF HOSPITAL BUILDINGS AND EXTENSION AND ALTERATION OF EXISTING BUILDINGS, WITH FIRST PREFERENCE TO THE HENNEPIN CLINIC AND HAZEL MARIE BOYLE WOMEN'S BUILDING AND CARDIAC REHABILITATION CENTER. | $5,321 |
Organization Name | Assets | Revenue |
---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |