St Croix Regional Medical Center
- Assets
- $108.3m
- Revenue
- $143.1m
- Investments
- $1.6m
- Employees
- 903
- Location
- St Croix Falls, WI
- Founding
- 04/1956
- Data as of
- 06/2022
- EIN
- 39-0890676
Organization Overview
St Croix Regional Medical Center is located in St Croix Falls, WI. The organization was established in 1956. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, St Croix Regional Medical Center employed 903 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Croix Regional Medical Center 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, St Croix Regional Medical Center generated $143.1m 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 $138.9m during the year ending 06/2022. While expenses have increased by 6.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE HELP PEOPLE TO LIVE HEALTHIER, HAPPIER, AND LONGER LIVES.
Describe the Organization's Program Activity:
OUTPATIENT SERVICES - SURGICAL, LABORATORY, BASIC, AND ADVANCED RADIOLOGY PROCEDURES. DURING FISCAL YEAR 2022, THERE WERE 12,160 EMERGENCY ROOM VISITS RECORDED, 1,318 OUTPATIENT SURGERIES, AND 116,929 CLINICAL VISITS.INPATIENT SERVICES - OBSTETRIC, MEDICAL-SURGICAL, INTENSIVE CARE, AND SHORT STAY INPATIENT CARE. DURING FISCAL YEAR 2022, THERE WERE 249 BIRTHS, 1,495 INPATIENT ADMISSIONS, AND A TOTAL OF 5,242 INPATIENT DAYS FOR AN AVERAGE LENGTH OF 3.51 DAYS.
ST. CROIX VALLEY PHARMACIES PROVIDE LOCAL PHARMACY CARE TO THE SERVICE AREA OF ST. CROIX REGIONAL MEDICAL CENTER. ST. CROIX VALLEY PHARMACIES IS THE SOLE MEMBER OF THE FOLLOWING COMMUNITY PHARMACIES: UNITY PHARMACY LOCATED IN THE UNITY CLINIC BUILDING NEAR BALSAM, WI, FREDERIC PHARMACY LOCATED IN THE FREDERIC CLINIC BUILDING IN FREDERIC, WI, AND, ST. CROIX FALLS PHARMACY LOCATED IN THE ST. CROIX FALLS CLINIC BUILDING IN ST. CROIX FALLS, WI.
ST. CROIX REGIONAL MEDICAL CENTER OPERATES FOUR PROVIDER-BASED CLINICS AND ONE FREE STANDING CLINIC. TOGETHER, THE CLINICS STRIVE TO MEET THE HEALTHCARE NEEDS OF PATIENTS AND FAMILIES WHO LIVE AND WORK IN THE COMMUNITIES THEY SERVE. A TOTAL OF 116,929 CLINIC VISITS OCCURRED IN FISCAL YEAR 2022.
CONTRACT PHARMACY - ST. CROIX REGIONAL MEDICAL CENTER BECAME ELIGIBLE TO PARTICIPATE IN THE 340B DRUG PRICING PROGRAM, WHICH IS MANAGED BY THE HEALTH RESOURCES AND SERVICES ADMINISTRATION (HRSA) OFFICE OF PHARMACY AFFAIRS (OPA), RESULTING IN THE REALIZATION OF A CONTRACT PHARMACY SERVICE. PARTICIPATION IN THE 340B DRUG PRICING PROGRAM RESULTS IN SIGNIFICANT SAVINGS, ESTIMATED TO BE 20-50%, ON THE COST OF PHARMACEUTICALS FOR USE BY OUTPATIENTS OF THE FACILITY. THROUGH THIS PROGRAM, ST. CROIX REGIONAL MEDICAL CENTER IS ABLE TO REACH MORE ELIGIBLE PATIENTS AND PROVIDE MORE COMPREHENSIVE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Driscoll Chair | OfficerTrustee | 0.5 | $0 |
Joseph Thimm Chair (thru Oct 2021) | OfficerTrustee | 0.5 | $0 |
Trudy Canine Vice Chair | OfficerTrustee | 0.5 | $0 |
Joseph White Treasurer | OfficerTrustee | 0.5 | $0 |
Gurdesh Bedi Trustee/physician Of Scrmc | OfficerTrustee | 40 | $1,175,209 |
Karen Hauer Secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Regions Hospital Emergency Dept Services | 6/29/22 | $2,938,109 |
Midwest Radiology Pa Radiology Services | 6/29/22 | $1,983,043 |
St Croix Valley Anesthesia Llc Crna Services | 6/29/22 | $1,702,001 |
Allina Health Laboratory Laboratory Services | 6/29/22 | $1,262,207 |
Group Health Inc Cardiology, Nephrology, Oncology Service | 6/29/22 | $1,123,306 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $419,001 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,276 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $469,277 |
| Total Program Service Revenue | $141,994,360 |
| Investment income | $184,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $108,307 |
| Net Gain/Loss on Asset Sales | $35,727 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,069,159 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,885 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,174,506 |
| Compensation of current officers, directors, key employees. | $711,706 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,818,699 |
| Pension plan accruals and contributions | $2,229,913 |
| Other employee benefits | $8,244,804 |
| Payroll taxes | $3,587,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $173,464 |
| Fees for services: Accounting | $29,500 |
| Fees for services: Lobbying | $10,613 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,320,599 |
| Advertising and promotion | $308,196 |
| Office expenses | $1,006,913 |
| Information technology | $3,130,257 |
| Royalties | $0 |
| Occupancy | $1,688,503 |
| Travel | $70,424 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $254,655 |
| Interest | $44,490 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,308,619 |
| Insurance | $384,827 |
| All other expenses | $2,177,177 |
| Total functional expenses | $138,940,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,117,787 |
| Savings and temporary cash investments | $38,583,106 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,039,876 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $380,583 |
| Inventories for sale or use | $3,748,483 |
| Prepaid expenses and deferred charges | $1,191,392 |
| Net Land, buildings, and equipment | $30,347,159 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,624,910 |
| Investments—program-related | $0 |
| Intangible assets | $402,500 |
| Other assets | $12,818,397 |
| Total assets | $108,254,193 |
| Accounts payable and accrued expenses | $12,782,173 |
| Grants payable | $0 |
| Deferred revenue | $560,969 |
| 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 | $1,095,930 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,396,821 |
| Total liabilities | $20,835,893 |
| Net assets without donor restrictions | $87,418,300 |
| 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 | $108,254,193 |