Ingalls Memorial Hospital
- Assets
- $479.7m
- Revenue
- $350.3m
- Investments
- $0.0
- Employees
- 2,645
- Location
- Harvey, IL
- Founding
- 02/1937
- Data as of
- 06/2022
- EIN
- 36-2170866
Organization Overview
Ingalls Memorial Hospital is located in Harvey, IL. The organization was established in 1937. 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 06/2022, Ingalls Memorial Hospital employed 2,645 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ingalls 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 06/2022, Ingalls Memorial Hospital generated $350.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $358.9m during the year ending 06/2022. While expenses have increased by 2.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INGALLS MEMORIAL HOSPITAL IS A NONPROFIT ACUTE CARE HOSPITAL ORGANIZED FOR THE PURPOSE OF PROVIDING PATIENT CARE, EDUCATION, AND RESEARCH.
Describe the Organization's Program Activity:
INGALLS MEMORIAL (IMH) INCLUDES A 400+ CERTIFIED BED HOSPITAL AND A NETWORK OF COMPREHENSIVE OUTPATIENT CENTERS THAT FEATURE A FULL ARRAY OF HIGH-TECH DIAGNOSTIC AND TREATMENT SERVICES. IMH MAKES SURE THAT OUR RESOURCES ARE DIRECTED TO AREAS THAT RESULT IN THE GREATEST BENEFIT TO OUR PATIENTS AND THE COMMUNITY.
OTHER PROGRAM SERVICES RELATED TO THE PROVISION OF HEALTHCARE INCLUDE LABORATORY SERVICES, PATIENT FINANCIAL SERVICES, COST OF FACILITIES, MALPRACTICE INSURANCE, AND OTHER SUPPORT SERVICES.
THE PHARMACY PROVIDES SERVICES TO BOTH OUR INPATIENTS AND INFUSION CENTER PATIENTS. INCLUDED IN THE SERVICES PROVIDED ARE ANTIBIOTIC DOSING, DOSING BASED ON KIDNEY FUNCTION, BLOOD GLUCOSE MANAGEMENT, AND ANTICOAGULANT DOSING AND MONITORING. THE INPATIENT PHARMACY IS OPEN 24/7. WE PROCESS APPROXIMATELY 59,000 MEDICATION ORDERS AND MAKE 3,500 INTERVENTIONS PER MONTH.
IMH PERFORMS AN ARRAY OF SURGICAL SERVICES INCLUDING ELECTIVE, NON-ELECTIVE, COMPLEX AND HIGHLY SPECIALIZED PROCEDURES. SURGEONS ON STAFF AT INGALLS SPECIALIZE IN EVERY AREA OF SURGERY, INCLUDING, BUT NOT LIMITED TO CARDIOTHORACIC SURGERY, ORTHOPEDIC SURGERY, NEUROSURGERY, SPINE SURGERY, GENERAL SURGERY, AND VASCULAR SURGERY. IN FY2022 INGALLS PERFORMED 1,277 INPATIENT SURGERIES AND 2,306 AMBULATORY SURGERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman (thru 7/1/21) | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Interim President Chhd | OfficerTrustee | 40 | $544,558 |
Name Not Listed Secretary/treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member/vp Patient Care & Cno, Ingalls (thru 4/22/22) | Trustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cardinal Health Valuelink Supply Chain Services | 6/29/22 | $7,152,027 |
Vizient Inc Contract Labor | 6/29/22 | $18,966,561 |
Crothall Healthcare Healthcare Support Services | 6/29/22 | $6,366,566 |
Cerner Health Services It Support | 6/29/22 | $5,640,516 |
Synergy Behavioral Healthcare Behavioral Health | 6/29/22 | $5,622,139 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $8,076,881 |
| Government grants | $3,285,694 |
| All other contributions, gifts, grants, and similar amounts not included above | $342 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,362,917 |
| Total Program Service Revenue | $328,667,723 |
| Investment income | $1,488,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$97,459 |
| Net Gain/Loss on Asset Sales | $6,342,835 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $350,307,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $95,000 |
| Grants and other assistance to domestic individuals. | $71,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,525,207 |
| Compensation of current officers, directors, key employees. | $911,459 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,171,223 |
| Pension plan accruals and contributions | $2,577,506 |
| Other employee benefits | $10,287,440 |
| Payroll taxes | $7,270,868 |
| Fees for services: Management | $3,814,980 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $210,262 |
| Fees for services: Lobbying | $31,559 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $573,646 |
| Fees for services: Other | $49,817,937 |
| Advertising and promotion | $1,606,202 |
| Office expenses | $2,919,640 |
| Information technology | $12,320,312 |
| Royalties | $0 |
| Occupancy | $5,403,794 |
| Travel | $121,035 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,131,300 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,889,370 |
| Insurance | $16,208,069 |
| All other expenses | $624,574 |
| Total functional expenses | $358,853,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,220 |
| Savings and temporary cash investments | $23,814 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,394,560 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,777,269 |
| Prepaid expenses and deferred charges | $2,316,969 |
| Net Land, buildings, and equipment | $196,154,818 |
| Investments—publicly traded securities | $129,349,004 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,711,530 |
| Total assets | $479,733,184 |
| Accounts payable and accrued expenses | $144,685,915 |
| Grants payable | $0 |
| Deferred revenue | $6,330,281 |
| Tax-exempt bond liabilities | $32,143,937 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $61,371,463 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,997,726 |
| Total liabilities | $257,529,322 |
| Net assets without donor restrictions | $218,994,374 |
| Net assets with donor restrictions | $3,209,488 |
| 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 | $479,733,184 |
Grants Awarded
Over the last fiscal year, Ingalls Memorial Hospital has awarded $95,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY CHRISTIAN HEALTH CENTER PURPOSE: COMMUNITY IMPACT GRANT | $25,000 |
CANCER SUPPORT CENTER PURPOSE: COMMUNITY IMPACT GRANT | $55,000 |
BARBARA W SMITH FAMILY LIFE CENTER PURPOSE: COMMUNITY IMPACT GRANT | $15,000 |