Sparrow Ionia Hospital
- Assets
- $65.7m
- Revenue
- $69.4m
- Investments
- $0.0
- Employees
- 384
- Location
- Ionia, MI
- Founding
- 07/1995
- Data as of
- 12/2022
- EIN
- 38-3218134
Organization Overview
Sparrow Ionia Hospital is located in Ionia, MI. The organization was established in 1995. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2022, Sparrow Ionia Hospital employed 384 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sparrow Ionia 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 12/2022, Sparrow Ionia Hospital generated $69.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $59.6m during the year ending 12/2022. While expenses have increased by 3.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SPARROW IONIA HOSPITAL IS COMMITTED TO IMPROVING AND MAINTAINING THE HEALTH OF THE PEOPLE IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPARROW IONIA HOSPITAL OPERATES FOUR PHYSICIAN PRACTICE OFFICES WITHIN IONIA COUNTY, OFFERING PRIMARY CARE AS WELL AS SOME SPECIALTY CARE WITHIN THE AREAS OF OB/GYN, NEUROLOGY, AND OCCUPATIONAL HEALTH. THE PRACTICES IN IONIA, MUIR, SARANAC AND PORTLAND ARE DESIGNATED RURAL HEALTH CENTERS AS WELL AS CARRY THE PATIENT-CENTERED MEDICAL HOME DESIGNATION. SPARROW IONIA HOSPITAL ACCEPTS ALL GOVERNMENTAL PAYERS INCLUDING MEDICARE, MEDICAID, AND TRICARE WITH REIMBURSEMENT RATES AT OR BELOW COSTS. ADDITIONALLY, SPARROW IONIA HOSPITAL'S CHARITY CARE POLICY COVERS SERVICES IN THE OUTPATIENT SETTING, IN TURN PROVIDING FREE CARE TO THOSE IN THE COMMUNITY WHO QUALIFY. FOR THE YEAR ENDED DECEMBER 31, 2022, THERE WERE 71,131 VISITS IN OUR PHYSICIAN OFFICES.
ALL OTHER PROGRAM SERVICES INCLUDE SERVICES SUCH AS RADIOLOGY, LABORATORY, RESPIRATORY THERAPY, PHYSICAL THERAPY, INFUSION SERVICES, AS WELL AS INPATIENT HOSPITAL SERVICES.
SPARROW IONIA HOSPITAL'S SURGICAL SERVICES ARE TYPICAL OF A SMALL RURAL FACILITY. FOR THE YEAR ENDED DECEMBER 31, 2022, THERE WERE 161 INPATIENT SURGERIES AND 1,893 OUTPATIENT SURGERIES/SCOPES PERFORMED. SURGICAL COVERAGE IS AVAILABLE 24/7. SPARROW IONIA HOSPITAL ACCEPTS ALL GOVERNMENTAL PAYERS INCLUDING MEDICARE, MEDICAID, AND TRICARE WITH REIMBURSEMENT AT OR BELOW COSTS. ADDITIONALLY, THE HOSPITAL'S CHARITY POLICY COVERS ALL MEDICALLY NECESSARY SURGERIES, IN TURN PROVIDING FREE CARE TO THOSE IN THE COMMUNITY WHO QUALIFY.
SPARROW IONIA HOSPITAL'S LABORATORY SERVICES ARE TYPICAL OF A SMALL RURAL FACILITY, PROVIDING TESTING FOR INPATIENTS, EMERGENCY DEPARTMENT AND OTHER OUTPATIENT SERVICES PATIENTS, AS WELL AS REFERENCE LABS. FOR THE YEAR ENDED DECEMBER 31, 2022, 240,000 TESTS WERE PERFORMED. SPARROW IONIA HOSPITAL ACCEPTS ALL GOVERNMENTAL PAYERS INCLUDING MEDICARE, MEDICAID, AND TRICARE WITH REIMBURSEMENTS RATES AT OR BELOW COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bhagya Venkatesh MD Physician | 40 | $894,028 | |
Michael Vaccariello MD Physician | 40 | $685,411 | |
Paula Reichle Sr VP - CFO | Officer | $0 | |
Alicia Ballard DO Physician | 40 | $587,892 | |
Amy Jentz MD Physician | 40 | $539,755 | |
Ronald Hyde DO Physician | 40 | $520,836 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fastaff Inc Agency Staffing | 12/30/22 | $944,794 |
Aya Healthcare Inc Agency Staffing | 12/30/22 | $682,193 |
Alliance-hni Leasing Co Llc Mobile Mri Svc | 12/30/22 | $607,735 |
Granger Construction Company Gen. Contractor | 12/30/22 | $361,498 |
Wolverine Building Group Contractor | 12/30/22 | $190,881 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $19,479 |
| Government grants | $2,548,032 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,753 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,575,264 |
| Total Program Service Revenue | $65,800,892 |
| Investment income | $187,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,169 |
| 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 | $3,106 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,405,348 |
| 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. | $293,869 |
| Compensation of current officers, directors, key employees. | $293,869 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,882,729 |
| Pension plan accruals and contributions | $1,194,116 |
| Other employee benefits | $2,943,662 |
| Payroll taxes | $1,588,138 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,075 |
| Fees for services: Other | $881,593 |
| Advertising and promotion | $112,539 |
| Office expenses | $118,350 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,011,013 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160,914 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,160,585 |
| Insurance | $676,956 |
| All other expenses | $711,897 |
| Total functional expenses | $59,597,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,769,771 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,920,618 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $942,710 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $21,816,227 |
| Investments—publicly traded securities | $2,153,582 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,089,251 |
| Total assets | $65,692,159 |
| Accounts payable and accrued expenses | $7,437,806 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,439,197 |
| Total liabilities | $8,877,003 |
| Net assets without donor restrictions | $56,815,156 |
| Net assets with donor restrictions | $0 |
| 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 | $65,692,159 |