Southeast Iowa Regional Medical Center Inc
- Assets
- $412.0m
- Revenue
- $297.6m
- Investments
- $165.8m
- Employees
- 2,018
- Location
- West Burlington, IA
- Founding
- 03/1922
- Data as of
- 06/2021
- EIN
- 42-0680407
Organization Overview
Southeast Iowa Regional Medical Center Inc is located in West Burlington, IA. The organization was established in 1922. 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, Southeast Iowa Regional Medical Center Inc employed 2,018 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeast Iowa Regional Medical Center Inc 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, Southeast Iowa Regional Medical Center Inc generated $297.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $226.7m during the year ending 06/2021. While expenses have increased by 4.4% 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 2016, Southeast Iowa Regional Medical Center Inc has awarded 38 individual grants totaling $8,986,562. 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
IMPROVING THE REGION'S HEALTH BY PROVIDING HIGH-QUALITY HEALTH CARE.
Describe the Organization's Program Activity:
GREAT RIVER MEDICAL CENTER (GRMC), LOCATED IN WEST BURLINGTON, IOWA, IS A 378-BED REGIONAL MEDICAL CENTER OFFERING ACUTE AND INTERMEDIATE CARE TO RESIDENTS OF SOUTHEAST IOWA, WEST CENTRAL ILLINOIS AND NORTHEAST MISSOURI. THE HOSPITAL OFFERS COMPREHENSIVE MEDICAL, EXTENSIVE SURGICAL, AND EMERGENCY CARE SERVICES. DURING FISCAL YEAR ENDING 6/30/21, GRMC HAD 6,020 PATIENT ADMISSIONS AND 62,515 PATIENT DAYS OF MEDICAL CARE. GRMC ALSO HAD 187,801 OUTPATIENT VISITS, 30,000 EMERGENCY ROOM VISITS AND 8,896 HOME HEALTH-CARE VISITS. GRMC PROVIDES MEDICAL SERVICES REGARDLESS OF ABILITY TO PAY AND ACCEPTS MEDICARE AND MEDICAID.THE HOSPITAL'S 160-BED KLEIN CENTER OFFERS LONG-TERM AND SKILLED CARE ON THE HOSPITAL'S CAMPUS. THE CANCER CENTER, WHICH PROVIDES MEDICAL AND RADIATION THERAPY SERVICES FOR THE TREATMENT OF VARIOUS FORMS OF CANCER AND BLOOD DISEASES, OFFERS THE LATEST THREE-DIMENSIONAL TREATMENT-PLANNING COMPUTER TECHNOLOGY AVAILABLE IN ONLY A FEW HEALTH-CARE CENTERS IN THE STATE. THE WELLNESS PLAZA IS HOME TO ONE OF THE STATE'S PREMIER REHABILITATION AND FITNESS PROGRAMS. MORE THAN 120 PHYSICIANS AND 2,000 EMPLOYEES SHARE GRMC'S COMMITMENT TO EXCELLENCE IN PATIENT CARE AND COMMUNITY SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Georgi Grekoff MD Physician | 40 | $517,699 | |
Rose Schabilion MD Physician | 40 | $303,068 | |
Matthew Shivers Director - Pharmacy | 40 | $190,970 | |
Shane Tapper System Exec. -Information Systems | 40 | $179,153 | |
Nancy Whitaker-Kropp System Exec.-Accounting & Finance | 40 | $175,017 | |
Matt Wenzel President/ceo | OfficerTrustee | 24 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mutual Consulting & Mgmt Svc Inc Executive Management | 6/29/21 | $6,009,972 |
Brg Prism Healthcare Corp Management Consultants | 6/29/21 | $3,661,770 |
Carl A Nelson Co Construction Contractors | 6/29/21 | $3,253,693 |
Kindred Rehab Group Management Services Rehabilitation Program Management Servic | 6/29/21 | $1,267,152 |
Brockway Mechanical & Roofing Co Construction Contractors | 6/29/21 | $521,010 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $62,646,645 |
| Government grants | $5,517,534 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,583,608 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,747,787 |
| Total Program Service Revenue | $226,056,254 |
| Investment income | $674,467 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$356,489 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $297,587,965 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,849,123 |
| 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. | $2,316,054 |
| Compensation of current officers, directors, key employees. | $2,316,054 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,275,959 |
| Pension plan accruals and contributions | $2,862,514 |
| Other employee benefits | $9,285,407 |
| Payroll taxes | $5,230,011 |
| Fees for services: Management | $3,131,142 |
| Fees for services: Legal | $1,325,059 |
| Fees for services: Accounting | $241,897 |
| Fees for services: Lobbying | $27,303 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,675,639 |
| Advertising and promotion | $0 |
| Office expenses | $1,079,661 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,972,430 |
| Travel | $83,840 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,380,440 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,337,277 |
| Insurance | $2,592,023 |
| All other expenses | $3,448,198 |
| Total functional expenses | $226,719,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,805,325 |
| Savings and temporary cash investments | $15,943,887 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,334,169 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $203,043 |
| Inventories for sale or use | $4,836,418 |
| Prepaid expenses and deferred charges | $2,778,041 |
| Net Land, buildings, and equipment | $138,850,138 |
| Investments—publicly traded securities | $18,097,969 |
| Investments—other securities | $165,793,674 |
| Investments—program-related | $10,346,784 |
| Intangible assets | $0 |
| Other assets | $16,027,443 |
| Total assets | $412,016,891 |
| Accounts payable and accrued expenses | $28,315,904 |
| Grants payable | $0 |
| Deferred revenue | $1,484,002 |
| Tax-exempt bond liabilities | $39,786,581 |
| 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 | $6,738,951 |
| Total liabilities | $76,325,438 |
| Net assets without donor restrictions | $324,382,022 |
| Net assets with donor restrictions | $11,309,431 |
| 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 | $412,016,891 |
Grants Awarded
Over the last fiscal year, Southeast Iowa Regional Medical Center Inc has awarded $5,778,478 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
West Burlington, IA PURPOSE: ASSUMED LIABILITIES DUE TO MERGER | $5,732,478 |
Burlington, IA PURPOSE: SUPPORT COMMUNITY ENHANCEMENT AND WORKFORCE DEVELOPMENT | $20,000 |
Burlington, IA PURPOSE: SUPPORT COMMUNITY ENHANCEMENT | $15,000 |
Kennesaw, GA PURPOSE: SUPPORT FIGHT IN CANCER | $6,000 |
Burlington, IA PURPOSE: SUPPORT YOUTH SPORTS | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southeast Iowa Regional Medical Center Inc has recieved totaling $34.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
St Cloud Hospital St Cloud, MN | $1,702,572,092 | $1,117,982,242 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Monument Health Rapid City Hospital Inc Rapid City, SD | $1,522,340,119 | $951,840,989 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
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 |