Stoughton Hospital Association is located in Stoughton, WI. 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 09/2023, Stoughton Hospital Association employed 419 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stoughton 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 09/2023, Stoughton Hospital Association generated $69.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $57.2m during the year ending 09/2023. While expenses have increased by 4.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE QUALITY HEALTH CARE TO MEET THE CHANGING HEALTH CARE NEEDS OF THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STOUGHTON HOSPITAL ASSOCIATION IS AN ACUTE CARE, CRITICAL ACCESS HOSPITAL, FULLY ACCREDITED BY THE JOINT COMMISSION, LICENSED BY THE STATE OF WISCONSIN AND A MEMBER OF THE WISCONSIN HOSPITAL ASSOCIATION AND RURAL WISCONSIN HEALTH COOPERATIVE. THE HOSPITAL PROVIDES INPATIENT AND OUTPATIENT SERVICES TO ITS PATIENTS. INPATIENT SERVICES INCLUDE MEDICAL/SURGICAL TELEMETRY, INTENSIVE CARE, INPATIENT REHABILITATIVE CARE (COMMONLY REFERRED TO AS SWING BED) AND GERIATRIC PSYCHIATRY CARE. IN 2023, THERE WERE 3,852 INPATIENT DAYS. IN ADDITION TO INPATIENT SERVICES, THE HOSPITAL PROVIDES A VARIETY OF OUTPATIENT SERVICES INCLUDING EMERGENCY ROOM CARE, URGENT CARE, MEDICAL IMAGING (INCLUDING IN-HOUSE MRI SERVICES), SURGICAL SERVICES, AMBULATORY INFUSION CENTER, OCCUPATIONAL HEALTH, AND REHABILITATION SERVICES. IN 2023, THERE WERE APPROXIMATELY 74,467 OUTPATIENT VISITS.TO FULFILL ITS MISSION OF COMMUNITY SERVICE, THE HOSPITAL PROVIDES CARE TO PATIENTS 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 IS RECORDED IN THE ACCOUNTING SYSTEM AT THE ESTABLISHED RATES, BUT THE HOSPITAL DOES NOT PURSUE COLLECTION OF THE AMOUNTS. THE RESULTING ADJUSTMENTS ARE RECORDED AS ADJUSTMENTS TO PATIENT SERVICE REVENUE, DEPENDING ON THE TIMING OF THE CHARITY DETERMINATION.THE HOSPITAL MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE IT PROVIDES. THESE RECORDS INCLUDE THE NUMBER OF CHARGES FOREGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY. TOTAL DIRECT AND INDIRECT COSTS RELATED TO CHARITY CARE CHARGES FOREGONE WERE $200,000. TOTAL DIRECT AND INDIRECT COSTS RELATED TO THE DISCOUNTS EXTENDED TO UNINSURED PATIENTS WERE $208,000 FOR THE YEAR ENDED SEPTEMBER 30, 2023.IN ADDITION, THE HOSPITAL PROVIDES SERVICES TO OTHER 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 |
---|---|---|---|
Donna Olson - Vice Chair Then Chair - Nov 2022 | OfficerTrustee | 2 | $0 |
Tim Rusch - Director Then Vice Chair - Nov 2022 | OfficerTrustee | 2 | $0 |
Steve Staton Secretary/treasurer | OfficerTrustee | 2 | $0 |
Tom Fendrick - Chair Then Director - Nov 2022 | OfficerTrustee | 1 | $0 |
Kris Krentz Director | Trustee | 1 | $0 |
Glenn Kruser Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Southern Wi Emergency Association Emergency Physicians | 9/29/23 | $4,365,058 |
Shared Imaging Services Nuclear Medicine And Ultrasound | 9/29/23 | $1,569,305 |
Stoughton Hospital Imaging Llc Mri Scans | 9/29/23 | $1,378,050 |
Beam Healthcare Sc Hospital Physician Services | 9/29/23 | $1,310,232 |
Wisconsin Integrated Information Technol It Maintenance | 9/29/23 | $602,287 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $483,674 |
All other contributions, gifts, grants, and similar amounts not included above | $287,848 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $771,522 |
Total Program Service Revenue | $66,775,300 |
Investment income | $1,823,488 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $87,897 |
Net Gain/Loss on Asset Sales | -$121,916 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $69,336,291 |
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. | $2,576,292 |
Compensation of current officers, directors, key employees. | $1,026,764 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $19,427,769 |
Pension plan accruals and contributions | $624,090 |
Other employee benefits | $2,751,770 |
Payroll taxes | $1,497,014 |
Fees for services: Management | $0 |
Fees for services: Legal | $93,192 |
Fees for services: Accounting | $50,550 |
Fees for services: Lobbying | $13,469 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $12,736,208 |
Advertising and promotion | $700,359 |
Office expenses | $1,597,622 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $412,979 |
Travel | $45,527 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $135,635 |
Interest | $358,466 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,992,729 |
Insurance | $236,805 |
All other expenses | $4,936 |
Total functional expenses | $57,223,237 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,355 |
Savings and temporary cash investments | $45,980,975 |
Pledges and grants receivable | $9,490 |
Accounts receivable, net | $7,605,291 |
Loans from Officers, Directors, or Controlling Persons | $23,945 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $120,086 |
Inventories for sale or use | $920,255 |
Prepaid expenses and deferred charges | $677,280 |
Net Land, buildings, and equipment | $27,505,908 |
Investments—publicly traded securities | $14,991,752 |
Investments—other securities | $1,329,607 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,530,303 |
Total assets | $103,696,247 |
Accounts payable and accrued expenses | $3,720,101 |
Grants payable | $0 |
Deferred revenue | $112,905 |
Tax-exempt bond liabilities | $8,638,463 |
Escrow or custodial account liability | $41,894 |
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 | $2,236,555 |
Total liabilities | $14,749,918 |
Net assets without donor restrictions | $86,102,997 |
Net assets with donor restrictions | $2,843,332 |
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 | $103,696,247 |