Pella Regional Health Center
- Assets
- $175.3m
- Revenue
- $109.7m
- Investments
- $0.0
- Employees
- 1,012
- Location
- Pella, IA
- Founding
- 06/1958
- Data as of
- 12/2020
- 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 12/2021, Pella Regional Health Center employed 1,012 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 12/2020, Pella Regional Health Center generated $109.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $105.0m during the year ending 12/2020. While expenses have increased by 4.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTHCARE AND HEALING SERVICES WITH CHRISTIAN COMPASSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 1,300 ADMISSIONS, OVER 580 LIVE BIRTHS, OVER 7,900 EMERGENCY RELATED VISITS, AND PERFORMS OVER 6,300 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 $900,000 FOR THE YEAR; ENDED DECEMBER 31, 2021. TOTAL DIRECT AND INDIRECT COSTS RELATED TO THESE FORGONE CHARGES WERE $493,000 AT DECEMBER 31, 2021, 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. $8,453,000 AND THE RELATED EXPENSES WERE APPROX $4,520,000 FOR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Morgan DO Physician | 40 | $688,264 | |
Dr Craig Wittenberg Board Member | Trustee | 40 | $644,386 |
John Welander MD Physician | 40 | $561,295 | |
Daniel Rowley MD Physician | 40 | $483,968 | |
Anne Hellbusch DO Physician | 40 | $456,362 | |
S Doug Kanis DO Physician | 40 | $444,742 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iowa Pathology Assoc Pc Lab Services | 12/30/21 | $319,773 |
Cassling Medical Supplies & Services | 12/30/21 | $477,528 |
Medical Information Technology Inc Applications | 12/30/21 | $440,846 |
Mission Cancer & Blood Oncology Services | 12/30/21 | $611,627 |
Amc Mechanical Group Building Projects | 12/30/21 | $354,166 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,456,386 |
| Investment income | $2,017,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $158,261 |
| Net Gain/Loss on Asset Sales | -$462,994 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $109,674,630 |
| Statement of Expenses | |
|---|---|
| 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. | $2,666,809 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,406,653 |
| Pension plan accruals and contributions | $2,332,054 |
| Other employee benefits | $4,078,969 |
| Payroll taxes | $2,964,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $84,551 |
| Fees for services: Accounting | $115,934 |
| Fees for services: Lobbying | $7,766 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $85,750 |
| Fees for services: Other | $9,651,001 |
| Advertising and promotion | $195,660 |
| Office expenses | $7,682,955 |
| Information technology | $938,334 |
| Royalties | $0 |
| Occupancy | $1,218,707 |
| Travel | $189,906 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $310,803 |
| Interest | $1,296,848 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,462,750 |
| Insurance | $867,073 |
| All other expenses | $0 |
| Total functional expenses | $105,036,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,405,142 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,499,934 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,748,640 |
| Prepaid expenses and deferred charges | $1,390,343 |
| Investments—publicly traded securities | $78,370,097 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $571,570 |
| Total assets | $175,318,188 |
| Accounts payable and accrued expenses | $9,324,212 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $34,364,457 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,834,078 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,513,872 |
| Total liabilities | $60,036,619 |
| 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 | $115,281,569 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Pella Regional Health Center has recieved totaling $92,259.
| Awarding Organization | Amount |
|---|---|
Pella Community Foundation Pella, IA PURPOSE: GARDEN | $90,659 |
Dave & Kristi Jaarsma Balk Family Foundation Pella, IA PURPOSE: CHARITY | $1,500 |
Boat Foundation Inc Pella, IA PURPOSE: CHARITABLE | $100 |
Endowment Analysis
| Beg. Balance | $7,500 |
| Ending Balance | $7,500 |
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 |