Pella Regional Health Center
- Assets
- $158.1m
- Revenue
- $129.7m
- Investments
- $0.0
- Employees
- 1,004
- Location
- Pella, IA
- Founding
- 06/1958
- Data as of
- 12/2022
- EIN
- 42-0842204
Organization Overview
Pella Regional Health Center is located in Pella, IA. The organization was established in 1958. 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 12/2023, Pella Regional Health Center employed 1,004 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pella Regional Health 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 12/2022, Pella Regional Health Center generated $129.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $127.6m during the year ending 12/2022. While expenses have increased by 6.2% 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
TO PROVIDE HEALTHCARE AND HEALING SERVICES WITH CHRISTIAN COMPASSION.
Describe the Organization's Program Activity:
PELLA REGIONAL HEALTH CENTER (HEALTH CENTER) IS A 25-BED ACUTE CARE HOSPITAL LOCATED IN PELLA, IOWA. THE HEALTH CENTER ALSO OPERATES CLINICS IN PELLA, SULLY, KNOXVILLE, PRAIRIE CITY, BUSSEY, AND OTTUMWA, IOWA. ANNUALLY, THE HEALTH CENTER HAS OVER 1,400 ADMISSIONS, OVER 570 LIVE BIRTHS, OVER 7,000 EMERGENCY RELATED VISITS, AND PERFORMS OVER 6,400 SURGERIES.THE HEALTH CENTER PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ESTABLISHED RATES. BECAUSE THE HEALTH CENTER DOES NOT PURSUE COLLECTION OF AMOUNTS DETERMINED AS CHARITY CARE, THEY ARE NOT REPORTED AS REVENUE. THE AMOUNT OF CHARGES FOREGONE FOR SERVICES PROVIDED UNDER THE HEALTH CENTER'S CHARITY CARE POLICY WAS APPROXIMATELY $963,000 FOR THE YEAR; ENDED DECEMBER 31, 2022. TOTAL DIRECT AND INDIRECT COSTS RELATED TO THESE FORGONE CHARGES WERE $552,000 AT DECEMBER 31, 2022, BASED ON AN AVERAGE RATIO OF COST TO GROSS CHARGES.THE 340B PROGRAM OFFERS ELIGIBLE HEALTH CARE PROVIDERS ACCESS TO LOW-COST MEDICATIONS, WHICH ALLOWS THEM TO EXPAND THE TYPE AND VOLUME OF CARE THEY PROVIDE TO THE MOST VULNERABLE PATIENT POPULATIONS. THE 340B PROGRAM REQUIRES DRUG MANUFACTURERS TO PROVIDE THE OUTPATIENT DRUGS TO ELIGIBLE HEALTH CARE ORGANIZATIONS OR COVERED ENTITIES AT SIGNIFICANTLY REDUCED PRICES. THE HEALTH CENTER IS AN ELIGIBLE HEALTH CARE ORGANIZATION AND IS PARTICIPATING IN THE PROGRAM. THE REVENUE GENERATED FROM THIS PROGRAM WAS APPROX. $5,884,000 AND THE RELATED EXPENSES WERE APPROX $1,870,000 FOR 2022.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Richard Posthuma Board Member | Trustee | 40 | $483,765 |
Stephen Barnes DO Board Member | Trustee | 40 | $433,455 |
Jim Brandl Vice President | OfficerTrustee | 0.5 | $0 |
Rod Braun Former Board Member | Trustee | 0.5 | $0 |
Mary Glendening Board Secretary | OfficerTrustee | 0.5 | $0 |
Chad Huyser Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mission Cancer & Blood Oncology Services | 12/30/22 | $724,975 |
Medical Information Technology Inc Applications | 12/30/22 | $484,068 |
Cassling Medical Supplies & Services | 12/30/22 | $488,559 |
Docs Who Care Emergency Department Services | 12/30/22 | $480,076 |
Iowa Pathology Assoc Pc Lab Services | 12/30/22 | $318,526 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $274,634 |
| Government grants | $1,722,802 |
| All other contributions, gifts, grants, and similar amounts not included above | $208,658 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,206,094 |
| Total Program Service Revenue | $108,834,419 |
| Investment income | $1,857,923 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $192,405 |
| Net Gain/Loss on Asset Sales | $2,147,013 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $129,653,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,432 |
| 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. | $3,067,732 |
| Compensation of current officers, directors, key employees. | $963,034 |
| Compensation to disqualified persons | $215,837 |
| Other salaries and wages | $53,174,673 |
| Pension plan accruals and contributions | $2,573,501 |
| Other employee benefits | $6,406,643 |
| Payroll taxes | $3,477,981 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $92,137 |
| Fees for services: Accounting | $127,635 |
| Fees for services: Lobbying | $8,191 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $148,145 |
| Fees for services: Other | $13,004,432 |
| Advertising and promotion | $192,831 |
| Office expenses | $10,490,772 |
| Information technology | $1,305,198 |
| Royalties | $0 |
| Occupancy | $1,475,526 |
| Travel | $210,909 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $431,713 |
| Interest | $1,120,793 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,830,633 |
| Insurance | $774,755 |
| All other expenses | $27,640 |
| Total functional expenses | $127,604,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,262,241 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,173,155 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,830,908 |
| Prepaid expenses and deferred charges | $1,851,250 |
| Net Land, buildings, and equipment | $48,688,873 |
| Investments—publicly traded securities | $73,752,995 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,512,230 |
| Total assets | $158,071,652 |
| Accounts payable and accrued expenses | $13,537,833 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $19,871,185 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,819,143 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,949,756 |
| Total liabilities | $42,177,917 |
| Net assets without donor restrictions | $115,886,235 |
| Net assets with donor restrictions | $7,500 |
| 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 | $158,071,652 |