Alegent Health Mercy Hospital
- Assets
- $35.2m
- Revenue
- $19.7m
- Investments
- $3.8m
- Employees
- 158
- Location
- Corning, IA
- Founding
- 03/1946
- Data as of
- 06/2020
- EIN
- 42-0782518
Organization Overview
Alegent Health Mercy Hospital is located in Corning, IA. 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, Alegent Health Mercy Hospital employed 158 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Alegent Health Mercy 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 06/2020, Alegent Health Mercy Hospital generated $19.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $18.7m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CORPORATION IS TO NURTURE THE HEALING MINISTRY OF THE CHURCH, SUPPORTED BY EDUCATION AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALEGENT HEALTH MERCY HOSPITAL, CORNING SUPPORTS THE MISSION BY CONTINUALLY MAKING SERVICES MORE CONVENIENT AND ACCESSIBLE WHILE MAINTAINING A LEVEL OF EFFICIENCY. THE HOSPITAL OFFERS THE FOLLOWING SERVICES TO OUR PATIENTS: 24-HOUR EMERGENCY CARE WITH HELIPORT ACCOMMODATIONS, DIAGNOSTIC IMAGING SERVICES, CARDIOVASCULAR SERVICES, CHEMOTHERAPY AND ELECTROENCEPHALOGRAMS (EEGS) PHYSICAL THERAPY.
ALEGENT HEALTH MERCY HOSPITAL, CORNING PROVIDES SEVERAL SPECIALTY CLINICS EACH WEEK THROUGH VISITING SPECIALISTS IN THE FOLLOWING AREAS: AUDIOLOGY, EAR, NOSE AND THROAT, CARDIOVASCULAR SERVICES, DERMATOLOGY, GASTROENTEROLOGY, GENERAL SURGERY/WOUND CARE, GYNECOLOGY/OBSTETRICS, ONCOLOGY, OPTHALMOLOGY, ORTHOPEDIC SURGERY, PODIATRY, UROLOGY, SPEECH AND OCCUPATIONAL THERAPY AND PSYCHIATRY.
ALEGENT HEALTH MERCY HOSPITAL, CORNING STRIVES TO IMPROVE THE HEALTH STATUS OF CHILDREN, TEENS, ADULTS, SENIOR CITIZENS, FRIENDS AND NEIGHBORS IN THIS RURAL COMMUNITY. THE HOSPITAL IS PROUD TO OFFER HEALTHCARE SERVICES CLOSE TO HOME WITHIN THE COMMUNITY. ALEGENT HEALTH MERCY HOSPITAL, CORNING PROVIDES A VARIETY OF DIAGNOSTIC SERVICES TO THE COMMUNITY, SUCH AS CT SCANS, MRI AND NUCLEAR MEDICINE IN ADDITION TO GENERAL RADIOLOGY, MAMMOGRAPHY, SURGICAL RADIOGRAPHY AND ULTRASOUND.
OTHER PROGRAM SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bethel Kopp MD Physician | 60 | $315,869 | |
John Safranek MD Physician | 60 | $313,053 | |
Caroline Amao MD Physician | 60 | $264,508 | |
Amy Wetzel Pharmacy Supervisor | 60 | $156,335 | |
Paislee Dalton Nurse Practitioner | 60 | $140,778 | |
Lisa Wolfe Former President, Mercy Hospital Corning | Officer | 50 | $126,494 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Docs Emergency Medicine Inc Staffing Services | 6/29/21 | $393,440 |
Rehabvisions Therapy Services | 6/29/21 | $390,047 |
Psychiatric Medical Care Llc Medical Services | 6/29/21 | $300,304 |
Acute Care Inc Staffing Services | 6/29/21 | $211,745 |
Ringgold County Hospital Physician Services | 6/29/21 | $183,228 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $952,583 |
| Investment income | $73,835 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,789 |
| Net Gain/Loss on Asset Sales | $133,205 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,878 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,692,764 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $212,810 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,379,625 |
| Pension plan accruals and contributions | $338,436 |
| Other employee benefits | $1,153,005 |
| Payroll taxes | $434,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $3,626 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,594,913 |
| Advertising and promotion | $53,030 |
| Office expenses | $186,361 |
| Information technology | $18,264 |
| Royalties | $0 |
| Occupancy | $363,738 |
| Travel | $36,985 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $565,406 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $18,738,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $404 |
| Savings and temporary cash investments | $439,628 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,220,618 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $379,006 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,808,906 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,459,042 |
| Total assets | $35,243,438 |
| Accounts payable and accrued expenses | $6,485,575 |
| Grants payable | $0 |
| Deferred revenue | $3,427,222 |
| 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 | $2,779,509 |
| Total liabilities | $12,692,306 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $22,551,132 |
Grants Awarded
Over the last fiscal year, Alegent Health Mercy Hospital has awarded $14,333 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CORNING FIRE STATION FUND PURPOSE: GENERAL SUPPORT | $8,333 |
Creston, IA PURPOSE: GENERAL SUPPORT | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Alegent Health Mercy Hospital has recieved totaling $338,508.
| Awarding Organization | Amount |
|---|---|
Commonspirit Health Englewood, CO PURPOSE: COMMUNITY HEALTH | $169,254 |
Commonspirit Health Englewood, CO PURPOSE: COMMUNITY HEALTH | $169,254 |
Endowment Analysis
| Beg. Balance | $327,835 |
| Net Contributions | $8,204 |
| Other Expense | $609 |
| Ending Balance | $335,430 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Francis Hospital Sisters Of The Third Order Of St Francis Litchfield, IL | $115,024,581 | $58,904,775 |
Shenandoah Medical Center Shenandoah, IA | $66,279,280 | $53,754,700 |
Harrisburg Medical Center Inc Harrisburg, IL | $43,345,882 | $39,197,825 |
Pekin Memorial Hospital Pekin, IL | $70,050,108 | $60,677,158 |
Ascension Borgess Allegan Hospital St Louis, MO | $32,866,970 | $39,637,859 |
Northwest Memorial Healthcare Chicago, IL | $87,933,488 | $39,660,179 |
St Josephs Area Health Services Park Rapids, MN | $107,908,671 | $54,027,271 |
Centracare Health System Of Melrose Melrose, MN | $87,022,550 | $45,743,382 |
Cox-Monett Hospital Inc Monett, MO | $76,112,407 | $40,685,063 |
South Shore Hospital Corporation Chicago, IL | $16,996,532 | $44,544,665 |
Mille Lacs Health System Onamia, MN | $55,817,777 | $49,720,336 |
Stoughton Hospital Association Stoughton, WI | $89,267,867 | $58,913,821 |