Alegent Health Mercy Hospital
- Assets
- $31.3m
- Revenue
- $21.8m
- Investments
- $4.6m
- Employees
- 146
- Location
- Corning, IA
- Founding
- 03/1946
- Data as of
- 06/2022
- 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 06/2022, Alegent Health Mercy Hospital employed 146 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 06/2022, Alegent Health Mercy Hospital generated $21.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $20.8m during the year ending 06/2022. While expenses have increased by 1.3% 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
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:
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.
OTHER PROGRAM SERVICES:
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Petersdorf Ex-Officio Board Member | Trustee | 1 | $0 |
Jeanette Wojtalewicz Board Member/cfo/interim Ceo, Chi Health | OfficerTrustee | 5 | $0 |
Cary Ward MD Former Officer | 5 | $0 | |
Cliff Robertson MD Former Officer, Chi Health | 5 | $0 | |
Steve Houston Former Key Employee | 5 | $0 | |
Kirtibala Gupta MD Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Docs Emergency Medicine Inc Physician Staffing Services | 6/29/22 | $172,532 |
Acute Care Inc Physician Staffing Services | 6/29/22 | $166,737 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $214,555 |
| Government grants | $786,682 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,089 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,013,326 |
| Total Program Service Revenue | $20,365,445 |
| Investment income | $45,308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,317 |
| Net Gain/Loss on Asset Sales | $226,130 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$112 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,848,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| 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. | $362,931 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,824,284 |
| Pension plan accruals and contributions | $392,770 |
| Other employee benefits | $944,628 |
| Payroll taxes | $524,469 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $2,534 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,712,025 |
| Advertising and promotion | $35,206 |
| Office expenses | $534,757 |
| Information technology | $555,194 |
| Royalties | $0 |
| Occupancy | $389,371 |
| Travel | $29,246 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,298 |
| Interest | $0 |
| Payments to affiliates | $383,217 |
| Depreciation, depletion, and amortization | $716,041 |
| Insurance | $82,943 |
| All other expenses | $77,083 |
| Total functional expenses | $20,763,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $549 |
| Savings and temporary cash investments | $420,241 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,114,650 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $289,530 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,349,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,623,625 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,498,446 |
| Total assets | $31,296,920 |
| Accounts payable and accrued expenses | $3,125,722 |
| Grants payable | $0 |
| Deferred revenue | $544,019 |
| 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 | $1,355,690 |
| Total liabilities | $5,025,431 |
| Net assets without donor restrictions | $26,271,489 |
| 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 | $31,296,920 |
Grants Awarded
Over the last fiscal year, Alegent Health Mercy Hospital has awarded $14,333 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ADAMS COMMUNITY ECONOMIC DEVELOPMENT PURPOSE: GENERAL SUPPORT | $6,000 |
CORNING FIRE STATION FUND PURPOSE: GENERAL SUPPORT | $8,333 |