Hegg Memorial Hospital
- Assets
- $54.7m
- Revenue
- $26.2m
- Investments
- $21.6m
- Employees
- 346
- Location
- Rock Valley, IA
- Founding
- 01/1973
- Data as of
- 06/2023
- 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 06/2023, Hegg Memorial Hospital employed 346 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 06/2023, Hegg Memorial Hospital generated $26.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $26.2m during the year ending 06/2023. While expenses have increased by 4.4% per year over the past 8 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
2023
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 1,223 INPATIENT DAYS OF CARE, 18,483 NURSING HOME DAYS OF CARE, 26,099 OUTPATIENT VISITS WHICH INCLUDES 4,823 HOME HEALTH VISITS, 1,259 HOME ASSIST VISITS, AND 18,267 CLINIC VISITS. HHC ALSO PROVIDES 24 HOUR EMERGENCY CARE THAT PROVIDES CARE REGARDLESS OF THE PATIENTS' ABILITY TO PAY. THERE WERE 2,018 ER VISITS IN FISCAL YEAR 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Zevenbergen Ceo/administrator | Officer | 40 | $270,134 |
William Slater CFO | Officer | 40 | $137,859 |
Nicolle Samuels Rehab Director | 40 | $134,405 | |
Jeremy Mcclennen Director Of Patient Care | 40 | $105,588 | |
Roxanne Marxen Lab Manager | 40 | $107,227 | |
Dale Kooima Member/president | OfficerTrustee | 0.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avera Mckennan Hospital Professional Fees/management Fees | 6/29/23 | $1,157,922 |
Sanford Usd Medical Center Anesthesia Services | 6/29/23 | $177,844 |
Lewis Drug Pharmacy Service Fees | 6/29/23 | $170,227 |
Real Radiology Radiology Read Fees | 6/29/23 | $128,472 |
Avel Ecare Llc Epharmacy/eemergency/ehospitalist | 6/29/23 | $119,280 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,939 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,939 |
| Total Program Service Revenue | $25,678,870 |
| Investment income | $137,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $113,793 |
| Net Gain/Loss on Asset Sales | $224,271 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$577 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,212,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,779 |
| 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. | $498,910 |
| Compensation of current officers, directors, key employees. | $316,529 |
| Compensation to disqualified persons | $98,679 |
| Other salaries and wages | $9,914,096 |
| Pension plan accruals and contributions | $282,013 |
| Other employee benefits | $1,431,529 |
| Payroll taxes | $753,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,377 |
| Fees for services: Accounting | $92,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,934,950 |
| Advertising and promotion | $74,742 |
| Office expenses | $322,605 |
| Information technology | $202,943 |
| Royalties | $0 |
| Occupancy | $537,894 |
| Travel | $49,927 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $66,266 |
| Interest | $422,323 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,505,657 |
| Insurance | $37,313 |
| All other expenses | $166,757 |
| Total functional expenses | $26,241,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,990,706 |
| Pledges and grants receivable | $126,306 |
| Accounts receivable, net | $1,964,959 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $307,378 |
| Prepaid expenses and deferred charges | $217,766 |
| Net Land, buildings, and equipment | $28,386,366 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $21,559,779 |
| Investments—program-related | $85,417 |
| Intangible assets | $0 |
| Other assets | $45,084 |
| Total assets | $54,683,761 |
| Accounts payable and accrued expenses | $1,609,069 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,691 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $16,569,304 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $637,782 |
| Total liabilities | $18,817,846 |
| Net assets without donor restrictions | $34,875,774 |
| Net assets with donor restrictions | $990,141 |
| 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 | $54,683,761 |
Grants Awarded
Over the last fiscal year, Hegg Memorial Hospital has awarded $38,704 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MANO A MANO BOLIVIA MISSION PURPOSE: USED TO SUPPORT DEVELOPMENT OF HEALTHCARE AND EDUCATION. | $14,704 |
AVERA HEALTH PURPOSE: FUND A SCHOLARSHIP FOR UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE | $24,000 |