Shenandoah Medical Center
- Assets
- $66.3m
- Revenue
- $53.8m
- Investments
- $0.0
- Employees
- 406
- Location
- Shenandoah, IA
- Founding
- 06/1978
- Data as of
- 12/2021
- EIN
- 42-1101835
Organization Overview
Shenandoah Medical Center is located in Shenandoah, IA. The organization was established in 1978. 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, Shenandoah Medical Center employed 406 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shenandoah Medical 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 12/2021, Shenandoah Medical Center generated $53.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $48.6m during the year ending 12/2021. While expenses have increased by 2.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A COMPLETE CONTINUUM OF HEALTHCARE SERVICES TO THE PEOPLE OF SHENANDOAH & SURROUNDING COMMUNITIES WITHOUT REGARD FOR ABILITY TO PAY AND WITHOUT DISCRIMINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHENANDOAH MEDICAL CENTER IS A CRITICAL ACCESS HOSPITAL WITH 25 ACUTE BEDS. THE HOSPITAL PROVIDES ACUTE AND ANCILLARY SERVICES TO INDIVIDUALS IN AN INPATIENT AND OUTPATIENT SETTING. IN JUNE OF 2020 THE SHENANDOAH MEDICAL CENTER ASSUMED RESPONSIBILITY FOR THE CANCER TREATMENT CENTER. IN 2021 THE CANCER CENTER PROVIDED 1,024 VISITS. SHENANDOAH MEDICAL CENTER CONTINUES TO LEASE SPACE TO THE DIALYSIS TREATMENT CENTER. DURING 2021 THE HOSPITAL PROVIDED 1,113 DAYS OF ACUTE CARE, 804 DAYS OF SKILLED CARE, 157 NURSERY DAYS AND 201,882 OUTPATIENT OCCASIONS OF SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Rowan Physician | 40 | $581,531 | |
Rebecca Rose Physician | 40 | $499,386 | |
Martee Macleod-Kozal Physician | 40 | $447,359 | |
Michael Woods Physician | 40 | $397,314 | |
Chase Brown Physician | 40 | $368,620 | |
Matthew Sells CEO | Officer | 40 | $291,176 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unmc Physicians Lab Ref Lab Fees | 12/30/21 | $558,526 |
Shared Medical Services Inc Mri And Pet Scans | 12/30/21 | $244,210 |
Clarkson Heart Center Cardiology | 12/30/21 | $180,090 |
Medefis Consolidated Contract Labor | 12/30/21 | $534,617 |
Nebraska Medicine Physicist Services & Pharmacy Coverage | 12/30/21 | $269,393 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $177,209 |
| Government grants | $5,038,133 |
| All other contributions, gifts, grants, and similar amounts not included above | $295,944 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,511,286 |
| Total Program Service Revenue | $46,670,412 |
| Investment income | $425,122 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $382,757 |
| Net Gain/Loss on Asset Sales | $332,321 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,754,700 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $488,643 |
| Compensation of current officers, directors, key employees. | $488,643 |
| Compensation to disqualified persons | $67,222 |
| Other salaries and wages | $20,753,288 |
| Pension plan accruals and contributions | $653,436 |
| Other employee benefits | $2,530,846 |
| Payroll taxes | $1,393,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,769 |
| Fees for services: Accounting | $102,717 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,572 |
| Fees for services: Other | $5,296,293 |
| Advertising and promotion | $280,620 |
| Office expenses | $894,121 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $608,158 |
| Travel | $91,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $846,106 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,355,855 |
| Insurance | $423,476 |
| All other expenses | $90,551 |
| Total functional expenses | $48,568,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,619 |
| Savings and temporary cash investments | $13,860,097 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,722,234 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,301,569 |
| Prepaid expenses and deferred charges | $343,811 |
| Net Land, buildings, and equipment | $28,638,613 |
| Investments—publicly traded securities | $10,875,866 |
| Investments—other securities | $0 |
| Investments—program-related | $223,212 |
| Intangible assets | $0 |
| Other assets | $6,312,259 |
| Total assets | $66,279,280 |
| Accounts payable and accrued expenses | $5,479,801 |
| Grants payable | $0 |
| Deferred revenue | $4,575,630 |
| 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 | $24,749,646 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $695,087 |
| Total liabilities | $35,500,164 |
| Net assets without donor restrictions | $23,859,394 |
| Net assets with donor restrictions | $6,919,722 |
| 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 | $66,279,280 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Shenandoah Medical Center has recieved totaling $214,314.
| Awarding Organization | Amount |
|---|---|
Ivan & Caroline Wilson Memorial Tr Ii Shenandoah, IA PURPOSE: EQUIPMENT | $184,314 |
Kay M Anderson Foundation Shenandoah, IA PURPOSE: GRANT | $20,000 |
Cy Rapp And Carolyn Rapp Test Charitable Remainder Tr Shenandoah, IA | | $10,000 |
Endowment Analysis
| Beg. Balance | $404,381 |
| Earnings | $36,250 |
| Ending Balance | $440,631 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Marys Hospital Ozaukee Inc St Louis, MO | $0 | $119,639,290 |
Fort Madison Community Hospital West Burlington, IA | $0 | $63,917,889 |
Avera Queen Of Peace Mitchell, SD | $173,794,004 | $133,877,982 |
Gibson Area Hospital Gibson City, IL | $63,536,615 | $119,801,214 |
Jane Phillips Memorial Medical Center Inc St Louis, MO | $87,499,100 | $121,263,469 |
St Nicholas Hospital Of The Hospita Sisters Of The Third Order Of St F Sheboygan, WI | $160,864,409 | $138,043,178 |
Holy Cross Hospital Chicago, IL | $142,348,563 | $113,770,792 |
Winona Health Services Winona, MN | $149,374,764 | $114,059,975 |
Methodist Fremont Health Omaha, NE | $109,967,706 | $124,306,426 |
Beaver Dam Community Hospitals Inc Beaver Dam, WI | $193,989,750 | $109,285,462 |
Jennie Edmundson Memorial Hospital Council Bluffs, IA | $159,830,825 | $120,935,401 |
Ottawa Regional Hospital & Healthcare Center Peoria, IL | $91,725,518 | $145,777,119 |