Shenandoah Medical Center
- Assets
- $79.8m
- Revenue
- $59.7m
- Investments
- $0.0
- Employees
- 407
- Location
- Shenandoah, IA
- Founding
- 06/1978
- Data as of
- 12/2023
- 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 12/2023, Shenandoah Medical Center employed 407 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 12/2023, Shenandoah Medical Center generated $59.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $53.6m during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 9 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
TO PROVIDE A COMPLETE CONTINUUM OF HEALTHCARE SERVICES TO THE PEOPLE OF SHENANDOAH.
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 2023 THE CANCER CENTER PROVIDED 7,520 VISITS. SHENANDOAH MEDICAL CENTER CONTINUES TO LEASE SPACE TO THE DIALYSIS TREATMENT CENTER. DURING 2023 THE HOSPITAL PROVIDED 930 DAYS OF ACUTE CARE, 708 DAYS OF SKILLED CARE, 165 NURSERY DAYS AND 204,716 OUTPATIENT OCCASIONS OF SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Babe MD Director | Trustee | 40 | $353,416 |
Dennis Grebert Chairman | OfficerTrustee | 3 | $0 |
John Finn Vice Chairman | OfficerTrustee | 3 | $0 |
Jon Skillern Secretary/treasurer | OfficerTrustee | 3 | $0 |
Jillian Travis Director | Trustee | 3 | $0 |
James Doyle Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medefis Consolidated Contract Labor | 12/30/23 | $2,681,953 |
Md West One Contract Labor | 12/30/23 | $966,000 |
Shared Medical Services Inc Mri And Pet Scans | 12/30/23 | $635,005 |
Elevate Heathcare Consultants Contract Labor | 12/30/23 | $566,928 |
Brown's Medical Imaging Service Contract | 12/30/23 | $410,486 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,361,774 |
| Government grants | $63,473 |
| All other contributions, gifts, grants, and similar amounts not included above | $282,315 |
| Noncash contributions included in lines 1a–1f | $6,374 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,707,562 |
| Total Program Service Revenue | $56,087,519 |
| Investment income | $764,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $71,720 |
| Net Gain/Loss on Asset Sales | -$139,588 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,686,065 |
| 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. | $936,479 |
| Compensation of current officers, directors, key employees. | $560,492 |
| Compensation to disqualified persons | $96,183 |
| Other salaries and wages | $22,483,702 |
| Pension plan accruals and contributions | $771,042 |
| Other employee benefits | $3,207,442 |
| Payroll taxes | $1,556,807 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,284 |
| Fees for services: Accounting | $118,875 |
| Fees for services: Lobbying | $7,389 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,827 |
| Fees for services: Other | $7,918,919 |
| Advertising and promotion | $925,201 |
| Office expenses | $2,698,046 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $982,256 |
| Travel | $173,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $847,102 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,253,445 |
| Insurance | $537,871 |
| All other expenses | $0 |
| Total functional expenses | $53,627,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,705 |
| Savings and temporary cash investments | $7,632,955 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,079,507 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,717,417 |
| Prepaid expenses and deferred charges | $421,763 |
| Net Land, buildings, and equipment | $39,733,264 |
| Investments—publicly traded securities | $10,193,130 |
| Investments—other securities | $0 |
| Investments—program-related | $223,213 |
| Intangible assets | $0 |
| Other assets | $11,780,342 |
| Total assets | $79,783,296 |
| Accounts payable and accrued expenses | $8,041,973 |
| 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 | $33,663,654 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $41,705,627 |
| Net assets without donor restrictions | $31,532,258 |
| Net assets with donor restrictions | $6,545,411 |
| 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 | $79,783,296 |