Fort Madison Community Hospital
- Assets
- $0.0
- Revenue
- $63.9m
- Investments
- $0.0
- Employees
- 491
- Location
- West Burlington, IA
- Founding
- 10/1977
- Data as of
- 06/2021
- EIN
- 42-1081055
Organization Overview
Fort Madison Community Hospital is located in West Burlington, IA. The organization was established in 1977. 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, Fort Madison Community Hospital employed 491 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Madison Community 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, Fort Madison Community Hospital generated $63.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $122.6m during the year ending 06/2021. While expenses have increased by 11.3% 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.
Since 2015, Fort Madison Community Hospital has awarded 20 individual grants totaling $64,956,045. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE HEALTH AND WELL-BEING OF ALL PEOPLE THROUGH COMPASSIONATE, QUALITY CARE, EDUCATION, AND COMMUNITY SERVICE.
Describe the Organization's Program Activity:
FORT MADISON COMMUNITY HOSPITAL IS A GENERAL, MEDICAL, AND SURGICAL HOSPITAL LOCATED IN FORT MADISON, IOWA, TO MEET THE HEATLH CARE NEEDS OF ITS COMMUNITIES AS WELL AS PROVIDE PROGRAMS AND SERVICES AIMED AT HEALTH, SAFETY, EDUCATION, PREVENTION, AND OVERALL HEALTH AND WELLNESS. IN DOING SO, THEY STRENGTHEN THEIR ROLE AS A PARTNER IN HTE COMMUNITY BY IMPROVING THE HEALTH OF AREA CITIZENS AND THE QUALITY OF LIFE IN THE COMMUNITIES THEY SERVE FORT MADISON COMMUNITY HOSPITAL (FMCH) IS COMMITTED TO PROVIDING HEALTH CARE SERVICES TO AREA RESIDENTS. FMCH SERVICES THE RESIDENTS OF SOUTHEAST IOWA AND WEST CENTRAL ILLINOIS. THE 50-BED HOSPITAL HAD 1082 PATIENT ADMISSIONS AND 2,943 PATIENT DAYS OF MEDICAL CARE. HEALTH SERVICES AND CARE PROVIDED BY FMCH INCLUDE PHYSICIANS AND SURGEONS PRACTICING IN THE FOLLOWING AREAS: FAMILY PRACTICE, INTERNAL MEDICINE, OBSTETRICS & GYNECOLOGY, ORTHOPEDICS & SPORTS MEDICINE, PEDIATRICS, PSYCHIATRY, SURGERY AND UROLOGY, AND BIRTHPLACE SERVICES. IN ADDITION, FMCH HAS SPECIALTY CLINICS IN THE FOLLOWING AREAS: CARDIOLOGY, DERMATOLOGY, OTOLARYNGOLOGY, GASTROENTEROLOGY AND NEUROLOGY, EMERGENCY DEPARTMENT SERVICES, HOME HEALTH CARE, HOSPICE, REHABILITATION/THERAPY SERVICES, LABORATORY AND PATHOLOGY SERVICES, AND WOUND HEALING CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Poland Chairperson | OfficerTrustee | 2 | $0 |
Neal Dodd Vice Chairperson | OfficerTrustee | 2 | $0 |
Vicki Stephenson Secretary | OfficerTrustee | 2 | $0 |
Matt Wenzel President & CEO | OfficerTrustee | 24 | $0 |
Steve Davis MD Director | Trustee | 2 | $0 |
Ann Menke Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wapiti Medical Staffing Er Physician Staffing | 6/29/21 | $2,668,377 |
Great River Medical Center Staffing | 6/29/21 | $869,505 |
Ge Healthcare Iits Usa Corp Technical Support | 6/29/21 | $686,443 |
Mutual Consulting & Management Executive Management | 6/29/21 | $318,205 |
Midwest Anesthesia Care Anesthesia Staffing | 6/29/21 | $296,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,843,531 |
| Investment income | $295,431 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$65,708 |
| Net Gain/Loss on Asset Sales | -$1,425 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,917,889 |
| 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. | $457,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,424,328 |
| Pension plan accruals and contributions | $922,324 |
| Other employee benefits | $4,438,394 |
| Payroll taxes | $1,497,343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,047 |
| Fees for services: Accounting | $260,586 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $69,857 |
| Fees for services: Other | $10,977,805 |
| Advertising and promotion | $322,701 |
| Office expenses | $329,147 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,059,154 |
| Travel | $56,659 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,449 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,820,110 |
| Insurance | $656,174 |
| All other expenses | $0 |
| Total functional expenses | $122,574,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Fort Madison Community Hospital has awarded $62,651,645 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LEE COUNTY ECONOMIC DEVELOPMENT GROUP PURPOSE: ECONOMIC DEVELOPMENT | $5,000 |
GREAT RIVER MEDICAL CENTER PURPOSE: CONTRIBUTION OF ASSETS DUE TO MERGER | $62,646,645 |