Hegg Memorial Hospital
- Assets
- $56.7m
- Revenue
- $31.5m
- Investments
- $15.4m
- Employees
- 380
- Location
- Rock Valley, IA
- Founding
- 01/1973
- Data as of
- 06/2021
- EIN
- 42-0932564
Organization Overview
Hegg Memorial Hospital is located in Rock Valley, IA. The organization was established in 1973. 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, Hegg Memorial Hospital employed 380 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hegg Memorial 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 06/2021, Hegg Memorial Hospital generated $31.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $24.7m during the year ending 06/2021. While expenses have increased by 4.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SERVING THE COMMUNITY THROUGH PROVISION OF HEALTHCARE AND HEALTH/SAFETY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEGG HEALTH CENTER (HHC) OPERATED A 25-BED ACUTE CARE HOSPITAL, A 60-BED NURSING HOME, AND A MEDICAL CLINIC. HHC'S PURPOSE IS TO PROVIDE ACUTE INPATIENT AND OUTPATIENT SERVICES AS WELL AS RESIDENTIAL NURSING HOME SERVICES. THE AMOUNT OF CARE PROVIDED WAS 1,524 INPATIENT DAYS OF CARE, 20 BIRTHS, 21,393 NURSING HOME DAYS OF CARE, 32,241 OUTPATIENT VISITS WHICH INCLUDES 6,293 HOME HEALTH VISITS, 1,639 HOME ASSIST VISITS, AND 16,499 CLINIC VISITS. HHC ALSO PROVIDES 24 HOUR EMERGENCY CARE THAT PROVIDES CARE REGARDLESS OF THE PATIENTS' ABILITY TO PAY. THERE WERE 1,466 ER VISITS IN FISCAL YEAR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Zevenbergen Ceo/administrator | Officer | 40 | $256,147 |
Nicolle Samuels Rehab Director | 40 | $139,631 | |
William Slater CFO | Officer | 40 | $132,347 |
Howie Van Ginkel President | OfficerTrustee | 0.4 | $0 |
Jason Kooima Vice President | OfficerTrustee | 0.4 | $0 |
Dale Kooima Member | Trustee | 0.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avera Mckennan Hospital Admin, It, And Other Services | 6/29/21 | $1,067,466 |
Avera Ecare Epharmacy/eemergency | 6/29/21 | $132,157 |
Sanford Usd Medical Center Anesthesia Services | 6/29/21 | $272,814 |
Lewis Drug Pharmacy Service Fees | 6/29/21 | $189,865 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,578,784 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,411 |
| Noncash contributions included in lines 1a–1f | $11,113 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,662,195 |
| Total Program Service Revenue | $24,554,403 |
| Investment income | $108,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,330 |
| Net Gain/Loss on Asset Sales | $99,907 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,679 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,451,900 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,928 |
| 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. | $432,372 |
| Compensation of current officers, directors, key employees. | $275,856 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,939,678 |
| Pension plan accruals and contributions | $196,899 |
| Other employee benefits | $1,363,800 |
| Payroll taxes | $688,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $255 |
| Fees for services: Accounting | $70,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,660,012 |
| Advertising and promotion | $57,787 |
| Office expenses | $410,517 |
| Information technology | $551,187 |
| Royalties | $0 |
| Occupancy | $412,532 |
| Travel | $51,807 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,529 |
| Interest | $448,355 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,482,475 |
| Insurance | $247,298 |
| All other expenses | $0 |
| Total functional expenses | $24,661,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,622,520 |
| Pledges and grants receivable | $260,055 |
| Accounts receivable, net | $1,795,638 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $284,896 |
| Prepaid expenses and deferred charges | $176,426 |
| Net Land, buildings, and equipment | $31,207,097 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,433,409 |
| Investments—program-related | $271,667 |
| Intangible assets | $0 |
| Other assets | $601,375 |
| Total assets | $56,653,083 |
| Accounts payable and accrued expenses | $2,194,151 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,655 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $17,575,208 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $868,506 |
| Total liabilities | $20,642,520 |
| Net assets without donor restrictions | $34,985,335 |
| Net assets with donor restrictions | $1,025,228 |
| 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 | $56,653,083 |
Grants Awarded
Over the last fiscal year, Hegg Memorial Hospital has awarded $38,704 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Sioux Falls, SD PURPOSE: FUND A SCHOLARSHIP FOR UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE | $24,000 |
St Paul, MN PURPOSE: USED TO SUPPORT DEVELOPMENT OF HEALTHCARE AND EDUCATION. | $14,704 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hegg Memorial Hospital has recieved totaling $89.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $89 |
Endowment Analysis
| Beg. Balance | $285,807 |
| Earnings | $20,536 |
| Ending Balance | $306,343 |
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 |