St Marys Medical Center
- Assets
- $1.1b
- Revenue
- $523.2m
- Investments
- $458.5m
- Employees
- 3,225
- Location
- Duluth, MN
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 41-0695604
Organization Overview
St Marys Medical Center, operating under the name Essentia Health St Mary's Medical Center, is located in Duluth, MN. The organization was established in 1946. 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 06/2021, Essentia Health St Mary's Medical Center employed 3,225 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Essentia Health St Mary's 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 06/2021, Essentia Health St Mary's Medical Center generated $523.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $456.2m during the year ending 06/2021. While expenses have increased by 2.7% per year over the past 6 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.
Since 2015, Essentia Health St Mary's Medical Center has awarded 36 individual grants totaling $21,217,251. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THROUGHOUT ESSENTIA HEALTH, WE ARE CALLED TO MAKE A HEALTHY DIFFERENCE IN PEOPLE'S LIVES.AS A MEMBER OF THE ESSENTIA HEALTH FAMILY, ST. MARY'S MEDICAL CENTER'S MISSION AS A CATHOLIC, BENEDICTINE SPONSORED FACILITY IS TO PROMOTE CHRIST'S MINISTRY OF HOLISTIC HEALING FOR ALL HUMAN LIFE WITH SPECIAL CONCERN FOR THE POOR AND POWERLESS.
Describe the Organization's Program Activity:
ST. MARY'S MEDICAL CENTER, DBA ESSENTIA HEALTH ST. MARY'S MEDICAL CENTER, IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES. MORE SPECIFICALLY, ESSENTIA HEALTH ST. MARY'S MEDICAL CENTER IS CREATED AND ORGANIZED TO OWN, MAINTAIN, OPERATE AND CONDUCT, DIRECTLY OR INDIRECTLY, AND TO ASSIST AND COORDINATE ACTIVITIES OF FACILITIES FOR HEALTH CARE, EDUCATION, CARE FOR THE AGED AND SOCIAL SERVICES IN ACCORDANCE WITH THE CHARITABLE WORKS TRADITION OF THE ROMAN CATHOLIC CHURCH. IN KEEPING WITH THIS SPECIFIC PURPOSE, ALL WORKS SHALL BE CARRIED OUT IN ACCORDANCE WITH THE CHARISM OF THE BENEDICTINE SISTERS BENEVOLENT ASSOCIATION, A MINNESOTA NONPROFIT CORPORATION.ESSENTIA HEALTH ST. MARY'S MEDICAL CENTER PROVIDES HEALTH CARE SERVICES IN MINNESOTA THROUGH ITS 380-BED HOSPITAL. THE HOSPITAL OFFERS A WIDE VARIETY OF MEDICAL SPECIALTIES, SUCH AS NEUROSURGERY, CANCER, ORTHOPEDICS, AND CARDIOLOGY. ESSENTIA HEALTH ST. MARY'S MEDICAL CENTER'S NATIONALLY RANKED TRAUMA CENTER HAS MULTIPLE INTENSIVE CARE UNITS, INCLUDING THE REGION'S ONLY ICU UNITS FOR NEWBORNS AND CHILDREN.ESSENTIA HEALTH ST. MARY'S MEDICAL CENTER EMPLOYS APPROXIMATELY 2,050 FULL TIME EQUIVALENTS. THE HOSPITAL PROVIDED NEARLY 88,000 HOSPITAL PATIENT DAYS AND 121,000 OUTPATIENT VISITS DURING THE FISCAL YEAR ENDED JUNE 30, 2021. THE CLINIC HAD OVER 14,000 ENCOUNTERS DURING THE SAME TIME PERIOD.DURING THE FISCAL YEAR ENDED JUNE 30, 2021, ESSENTIA HEALTH ST. MARY'S MEDICAL CENTER PROVIDED THE FOLLOWING COMMUNITY BENEFITS: $1.7 MILLION IN CHARITY CARE, $24.5 MILLION COSTS IN EXCESS OF MEDICAID PAYMENTS, $1.8 MILLION IN COMMUNITY SERVICES, AND $1.6 MILLION IN HEALTH PROFESSION EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hugh Renier MD Vice President, Medical Affairs | 60 | $380,538 | |
Greta Johnson Perfusionist Supervisor | 60 | $225,010 | |
Ronald Siebert Operations Administrator | 60 | $204,046 | |
Amber Soukkala Pharmacist | 60 | $201,185 | |
Stacy Lund Operations Administrator | 60 | $184,890 | |
Renee Wachter Board Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,185,777 |
| Government grants | $28,999,535 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,310,558 |
| Total Program Service Revenue | $457,023,316 |
| Investment income | $4,959,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,802 |
| Net Gain/Loss on Asset Sales | $27,803,127 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,368 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $523,229,522 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,153,942 |
| Grants and other assistance to domestic individuals. | $5,631 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $179,621,464 |
| Pension plan accruals and contributions | $7,601,174 |
| Other employee benefits | $28,393,782 |
| Payroll taxes | $10,428,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,659 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $15,793 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,230,527 |
| Fees for services: Other | $12,270,334 |
| Advertising and promotion | $1,714 |
| Office expenses | $23,437,126 |
| Information technology | $459,816 |
| Royalties | $0 |
| Occupancy | $4,078,171 |
| Travel | $588,124 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $207,528 |
| Interest | $45,893 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,291,280 |
| Insurance | $5,582,112 |
| All other expenses | $20,617,446 |
| Total functional expenses | $456,219,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $625,869 |
| Savings and temporary cash investments | $516,392,954 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,678,779 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $400,000 |
| Inventories for sale or use | $10,829,657 |
| Prepaid expenses and deferred charges | $1,372,246 |
| Net Land, buildings, and equipment | $68,006,170 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $458,486,433 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,597,683 |
| Total assets | $1,124,389,791 |
| Accounts payable and accrued expenses | $86,790,111 |
| Grants payable | $0 |
| Deferred revenue | $11,872 |
| 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 | $776,139 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $70,581,401 |
| Total liabilities | $158,159,523 |
| Net assets without donor restrictions | $966,230,268 |
| 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 | $1,124,389,791 |
Grants Awarded
Over the last fiscal year, St Marys Medical Center has awarded $3,153,942 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Duluth, MN PURPOSE: PROGRAM SUPPORT | $2,115,328 |
Duluth, MN PURPOSE: PROGRAM SUPPORT | $996,614 |
Duluth, MN PURPOSE: PROGRAM SUPPORT | $24,000 |
St Paul, MN PURPOSE: PROGRAM SUPPORT | $11,000 |
Floodwood, MN PURPOSE: PROGRAM SUPPORT | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that St Marys Medical Center has recieved totaling $1,263,678.
| Awarding Organization | Amount |
|---|---|
Essentia Health Foundation Duluth, MN PURPOSE: PROGRAM SUPPORT | $1,185,777 |
Minnesota Hospital Association St Paul, MN PURPOSE: SPECIAL PATHOGEN PREPAREDNESS AND RESPONSE | $72,901 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Cloud Hospital St Cloud, MN | $1,702,572,092 | $1,117,982,242 |
Monument Health Rapid City Hospital Inc Rapid City, SD | $1,522,340,119 | $951,840,989 |
Regions Hospital Minneapolis, MN | $1,151,249,927 | $936,558,758 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
North Memorial Health Care Robbinsdale, MN | $764,114,547 | $789,881,568 |
Mercy Health System Corporation Janesville, WI | $590,598,309 | $634,611,105 |
Smdc Medical Center Duluth, MN | $1,099,340,280 | $663,367,068 |
St Vincent Hospital-Hospital Sisters-Third Order Of St Francis Green Bay, WI | $911,771,001 | $646,081,418 |
Altru Health System Grand Forks, ND | $1,039,192,012 | $613,611,037 |
Aspirus Wausau Hospital Inc Wausau, WI | $652,843,423 | $674,491,769 |
Bellin Memorial Hospital Inc Green Bay, WI | $753,402,442 | $606,556,735 |