Iroquois Memorial Hospital And Resident Home

Organization Overview

Iroquois Memorial Hospital And Resident Home is located in Watseka, IL. The organization was established in 1923. 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, Iroquois Memorial Hospital And Resident Home employed 426 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iroquois Memorial Hospital And Resident Home 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 09/2020, Iroquois Memorial Hospital And Resident Home generated $26.4m 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 (5.1%) each year. All expenses for the organization totaled $31.4m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

IROQUOIS MEMORIAL HOSPITAL & RESIDENT HOME IS COMMITTED TO PROVIDING QUALITY HEALTHCARE SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IROQUOIS MEMORIAL HOSPITAL AND RESIDENT HOME PROVIDES HIGH QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE, OR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF THE HOSPITAL, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL HEALTH CARE SERVICES AND HEALTH CARE EDUCATION. THEREFORE, IN KEEPING WITH THE HOSPITAL'S COMMITMENT TO SERVE ALL MEMBERS OF OUR COMMUNITY, SOME CARE IS PROVIDED TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT BELOW COST. THE COMMUNITY WILL BE CONSIDERED WHERE THE NEED AND/OR AN INDIVIDUAL'S INABILITY TO PAY EXIST. THESE ACTIVITIES INCLUDE PREVENTION AND WELLNESS PROGRAMS, COMMUNITY EDUCATION PROGRAMS, AND SPECIAL PROGRAMS FOR THE ELDERLY, HANDICAPPED, AND THE MEDICALLY UNDER SERVED INCLUDING A VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES.THE HOSPITAL IS LOCATED IN WATSEKA, ILLINOIS AND SERVES THE SURROUNDING COMMUNITIES IN IROQUOIS COUNTY AND WEST-CENTRAL INDIANA. THERE ARE OUTPATIENT CLINICS MAINTAINED IN GILMAN, MILFORD, AND WATSEKA, ILLINOIS AS WELL AS KENTLAND, INDIANA. THE HOSPITAL PROVIDES BEDS FOR ACUTECARE, INTENSIVE CARE, NURSERY, AND LONG-TERM CARE. THE HOSPITAL ALSO PROVIDES AMBULANCE SERVICES TO MOST OF IROQUOIS COUNTY WITH STATIONS IN GILMAN AND WATSEKA. HOME HEALTH AND HOSPICE PROVIDE SERVICES TO WATSEKA AND SURROUNDING COMMUNITIES IN THE HOSPITAL'S SERVICE AREA. THE IROQUOIS REGIONAL HEALTH CENTER HOUSES PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPIES. THE HOSPITAL IS CERTIFIED TO PROVIDE CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS. RECOGNIZING ITS MISSION TO THE COMMUNITY, SERVICES ARE PROVIDED TO BOTH MEDICARE AND MEDICAID PATIENTS. TO THE EXTENT REIMBURSEMENT IS BELOW COST, THE HOSPITAL RECORDS THESE AMOUNTS AS UNCOMPENSATED CARE IN MEETING ITS MISSION TO THE ENTIRE COMMUNITY. IROQUOIS MEMORIAL HOSPITAL PROVIDES NON-TRADITIONAL HOSPITAL BASED SERVICES SUCH AS AMBULANCE COVERAGE TO WATSEKA AND THE SURROUNDING IROQUOIS COUNTY COMMUNITIES. IN ADDITION TO THE COSTS OF UNCOMPENSSATED CARE AND OTHER NON-TRADITIONAL SERVICES, IROQUOIS MEMORIAL HOSPITAL & RESIDENT HOME COMMITTED SIGNIFICANT TIME AND RESOURCES TO ENDEAVORS ANDOTHER CRITICAL SERVICES WHICH MEET OTHERWISE UNFILLED COMMUNITY NEEDS. SOME OF THOSE ROGRAMS THAT FURTHER THE HOSPITAL'S MISSION INCLUDE:AMBULANCE SUPPORT FOR SPORTING EVENTS AND SURROUNDING VOLUNTEERAMBULANCE DEPARTMENTSBLOOD DRIVESBREAST CANCER AWARENESS EVENTBREAST-FEEDING CLASSES FOR EXPECTANT MOTHERSCAMP 911 SAFETY PROGRAMS FOR AREA SCHOOL CHILDRENFARM SAFETY EDUCATIONFIRST AID FOR LOCAL COMMUNITY EVENTSFREE AND REDUCED FEE HEALTH SCREENINGSFREE BLOOD PRESSURE SCREENINGSFREE CPR TRAINING FOR THE PUBLICGO RED HEALTHY HEART EVENTHEALTH-RELATED ARTICLES IN LOCAL PUBLICATIONSBIRTHING CLASSESLIFELINEMEALS ON WHEELSSPEAKER'S BUREAUTOURS FOR AREA SCHOOL CHILDREN


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Alliance Medical Partners
Emergency Room Services
$2,051,760
Amerisourcebergen
Pharmacy
$1,253,781
Rehabilitation Associates Of The Midwest
Nursing Home Program
$972,072
Athena
Healthcare System
$646,660
Magmutal
Facility Insurance
$747,678
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$736,668
Investment income $12,171
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $97,693
Net Gain/Loss on Asset Sales $64,626
Net Income from Fundraising Events -$3,095
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $26,357,941

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Iroquois Memorial Hospital And Resident Home has recieved totaling $274,677.

Awarding OrganizationAmount
Illinois Critical Access Hospital Network

Princeton, IL

PURPOSE: FLEX EMS EDUCATION, 2022 SHIP AND ARP SHIP COVID

$274,677
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,282,282
Earnings-$33,491
Other Expense$72,245
Ending Balance$7,176,546

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