Memorial Hospital Association is located in Carthage, IL. The organization was established in 1956. 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 12/2021, Memorial Hospital Association employed 325 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial Hospital Association 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, Memorial Hospital Association generated $48.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $38.2m during the year ending 12/2021. While expenses have increased by 6.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEMORIAL HOSPITAL PROVIDES CLINICAL CARE, DIAGNOSTIC, TREATMENT, AND WELLNESS SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMORIAL HOSPITAL IS DEDICATED TO MAINTAINING AND IMPROVING THE HEALTH OF ALL PEOPLE IN THE HANCOCK COUNTY AREA. GOVERNED BY A BOARD OF DIRECTORS, WE SERVE AS A VITAL SAFETY NET, SERVING OUR COMMUNITIES WITH ACCESS TO QUALITY HEALTHCARE SERVICES. MEMORIAL HOSPITAL PROVIDES MANY TYPES OF COMMUNITY BENEFIT CARE. COMMUNITY BENEFIT CARE INCLUDES CHARITY CARE, COMMUNITY HEALTH FAIRS, LECTURES, AND FREE HEALTH SCREENINGS, DEMONSTRATING OUR COMMITMENT TO IMPROVING THE OVERALL HEALTH OF THE RESIDENTS OF THE HANCOCK COUNTY AREA.IN 2021 THE HOSPITAL HAD 2,793 PATIENT DAYS WITH 693 ADMISSIONS AND 693 DISCHARGES. (CONTINUED ON SCHEDULE O)THERE WERE 4,795 EMERGENCY ROOM VISITS, 3,707 PROVIDER-BASED PHYSICIAN CLINIC VISITS, 3,650 INDEPENDENT PHYSICIAN VISITS AND 33,405 RURAL HEALTH PHYSICIAN CLINIC VISITS.WE ARE ALWAYS COMMITTED TO PROVIDING COMPASSIONATE CARE TO EVERY MEMBER OF OUR COMMUNITY REGARDLESS OF THEIR ABILITY TO PAY.TO FULFILL ITS MISSION OF COMMUNITY SERVICE, THE ORGANIZATION PROVIDES CARE TO PATIENTS AND RESIDENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES. REVENUE FROM SERVICES TO THESE PATIENTS AND RESIDENTS IS RECORDED IN THE ACCOUNTING SYSTEM AT THE ESTABLISHED RATES, BUT THE ORGANIZATION DOES NOT PURSUE COLLECTION OF THE AMOUNTS. THE RESULTING ADJUSTMENTS ARE RECORDED AS ADJUSTMENTS TO PATIENT AND RESIDENT SERVICE REVENUE, DEPENDING ON THE TIMING OF THE CHARITY DETERMINATION.THE ILLINOIS LEGISLATURE PASSED A BILL TITLED THE "HOSPITAL UNINSURED PATIENT DISCOUNT ACT." EFFECTIVE APRIL 1, 2009, THIS ACT REQUIRES HOSPITALS TO PROVIDE CERTAIN MANDATED DISCOUNTS FROM CHARGES TO THE UNINSURED IN ILLINOIS. CHARGES ARE TO BE DISCOUNTED AT 135% OF COST. FURTHERMORE, A HOSPITAL MAY NOT COLLECT MORE THAN 25% OF AN UNINSURED FAMILY'S GROSS INCOME IN ANY ONE YEAR.THE ORGANIZATION PROVIDES HEALTH CARE SERVICES TO PATIENTS AND RESIDENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ESTABLISHED RATES. SINCE THE ORGANIZATION DOES NOT PURSUE COLLECTION OF THESE AMOUNTS, THEY ARE NOT REPORTED AS PATIENT AND RESIDENT SERVICE REVENUE. THE ESTIMATED COST OF PROVIDING THESE SERVICES WAS $175,000 FOR THE YEAR ENDED DECEMBER 31, 2021, CALCULATED BY MULTIPLYING THE RATIO OF COST TO GROSS CHARGES FOR THE ORGANIZATION BY THE GROSS UNCOMPENSATED CHARGES ASSOCIATED WITH PROVIDING CHARITY CARE TO ITS PATIENTS AND RESIDENTS.IN ADDITION, THE ORGANIZATION 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 ORGANIZATION 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 |
---|---|---|---|
Drake White MD Surgeon | 40 | $450,190 | |
Nileshwa Senthe MD Pediatrician | 40 | $425,906 | |
Christopher Jones MD Director | Trustee | 40 | $405,435 |
Victoria Kalivoda-Popela DO Family Practice Physician | 40 | $349,262 | |
Rosalinda Campos MD Family Practice Physician | 40 | $329,539 | |
Edward Mckenney DO Family Practice Physician | 40 | $315,244 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Aims Of Carthage Llc Er Physician Service | 12/30/21 | $1,948,471 |
Quincy Medical Group Physician Services | 12/30/21 | $1,306,833 |
Maas Construction Construction Services | 12/30/21 | $663,913 |
Fusion Medical Staffing Llc Temporary Staffing Personnel | 12/30/21 | $367,602 |
Liquid Agents Healthcare Llc Temporary Staffing Personnel | 12/30/21 | $249,431 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $7,294,705 |
All other contributions, gifts, grants, and similar amounts not included above | $4,248 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,298,953 |
Total Program Service Revenue | $41,050,524 |
Investment income | $109,583 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $59,493 |
Net Gain/Loss on Asset Sales | $317,249 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $48,835,802 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $876,793 |
Compensation of current officers, directors, key employees. | $441,302 |
Compensation to disqualified persons | $124,461 |
Other salaries and wages | $15,111,128 |
Pension plan accruals and contributions | $158,158 |
Other employee benefits | $2,699,528 |
Payroll taxes | $1,064,955 |
Fees for services: Management | $0 |
Fees for services: Legal | $102,498 |
Fees for services: Accounting | $60,925 |
Fees for services: Lobbying | $8,210 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $7,532,683 |
Advertising and promotion | $228,237 |
Office expenses | $922,760 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $616,803 |
Travel | $85,336 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $61,940 |
Interest | $738,014 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,062,659 |
Insurance | $233,887 |
All other expenses | $82,976 |
Total functional expenses | $38,192,631 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $15,265,214 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $7,927,727 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $17,749 |
Inventories for sale or use | $435,994 |
Prepaid expenses and deferred charges | $352,933 |
Net Land, buildings, and equipment | $15,950,412 |
Investments—publicly traded securities | $7,545,322 |
Investments—other securities | $66,300 |
Investments—program-related | $160,254 |
Intangible assets | $0 |
Other assets | $2,230,248 |
Total assets | $49,952,153 |
Accounts payable and accrued expenses | $3,148,909 |
Grants payable | $0 |
Deferred revenue | $1,496,269 |
Tax-exempt bond liabilities | $14,965,000 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $4,482,472 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,970,000 |
Total liabilities | $26,062,650 |
Net assets without donor restrictions | $23,397,766 |
Net assets with donor restrictions | $491,737 |
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 | $49,952,153 |
Over the last fiscal year, we have identified 1 grants that Memorial Hospital Association has recieved totaling $39.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Beg. Balance | $4,590,361 |
Earnings | $692,053 |
Other Expense | $324,309 |
Ending Balance | $4,958,105 |
Organization Name | Assets | Revenue |
---|---|---|
St Marys Hospital Ozaukee Inc St Louis, MO | $0 | $119,639,290 |
Norton - Kings Daughters Health Inc Madison, IN | $327,672,291 | $141,257,726 |
Fort Madison Community Hospital West Burlington, IA | $0 | $63,917,889 |
Margaret Mary Community Hospital Inc Batesville, IN | $200,618,179 | $130,077,852 |
Gibson Area Hospital Gibson City, IL | $63,536,615 | $119,801,214 |
Jane Phillips Memorial Medical Center Inc St Louis, MO | $87,499,100 | $121,263,469 |
St Nicholas Hospital Of The Hospita Sisters Of The Third Order Of St F Sheboygan, WI | $160,864,409 | $138,043,178 |
Holy Cross Hospital Chicago, IL | $142,348,563 | $113,770,792 |
Beaver Dam Community Hospitals Inc Beaver Dam, WI | $193,989,750 | $109,285,462 |
Jennie Edmundson Memorial Hospital Council Bluffs, IA | $159,830,825 | $120,935,401 |
Ottawa Regional Hospital & Healthcare Center Peoria, IL | $91,725,518 | $145,777,119 |
St Bernard Hospital Chicago, IL | $104,253,183 | $104,812,040 |