Mercy Medical Center-Newton
- Assets
- $18.8m
- Revenue
- $40.1m
- Investments
- $0.0
- Employees
- 306
- Location
- Newton, IA
- Founding
- 03/2000
- Data as of
- 06/2022
- EIN
- 42-1470935
Organization Overview
Mercy Medical Center-Newton, operating under the name Dba Skiff Medical Center, is located in Newton, IA. The organization was established in 2000. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 06/2022, Dba Skiff Medical Center employed 306 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dba Skiff 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 06/2022, Dba Skiff Medical Center generated $40.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $45.1m during the year ending 06/2022. While expenses have increased by 4.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MERCY MEDICAL CENTER-NEWTON IS A NOT-FOR-PROFIT CATHOLIC HEALTH ORGANIZATION CREATING HEALTHIER COMMUNITIES BY OPERATING A 48-BED HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE H
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Wegner Director/interim CEO Mercyone Des Moines | OfficerTrustee | 1 | $0 |
Karl Keeler President Chi Iowa Corp (partial Year) | OfficerTrustee | 1 | $0 |
Randall Rubin Svp, CFO Chi Iowa Corp | Officer | 1 | $0 |
Laurie Conner President | OfficerTrustee | 50 | $325,416 |
Scott Pline Respiratory Therapist | 40 | $149,505 | |
Ranina Robinson Pharmacy Manager | 40 | $149,854 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heartland Anesthesia North Ia Anesthesia Services | 6/29/22 | $813,335 |
American Bldg Maintenance Co Facility Management Company | 6/29/22 | $603,062 |
Medical Oncology & Hematology Healthcare Consulting | 6/29/22 | $534,829 |
Des Moines River Physicians Physician Staffing | 6/29/22 | $532,500 |
Iowa Orthopaedic Center Medical Services | 6/29/22 | $509,748 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $211,833 |
| Government grants | $2,580,746 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,792,579 |
| Total Program Service Revenue | $36,884,639 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $135,652 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,132,461 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| 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. | $321,852 |
| Compensation of current officers, directors, key employees. | $32,185 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,287,650 |
| Pension plan accruals and contributions | $510,920 |
| Other employee benefits | $1,222,514 |
| Payroll taxes | $793,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $4,858 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,165,131 |
| Advertising and promotion | $47,183 |
| Office expenses | $501,189 |
| Information technology | $1,819,400 |
| Royalties | $0 |
| Occupancy | $692,932 |
| Travel | $15,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,304 |
| Interest | $0 |
| Payments to affiliates | $384,488 |
| Depreciation, depletion, and amortization | $1,055,741 |
| Insurance | $77,090 |
| All other expenses | $489,004 |
| Total functional expenses | $45,055,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302 |
| Savings and temporary cash investments | $2,297,007 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,030,493 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $777,007 |
| Prepaid expenses and deferred charges | $119,149 |
| Net Land, buildings, and equipment | $10,375,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $168,831 |
| Total assets | $18,768,731 |
| Accounts payable and accrued expenses | $4,712,202 |
| 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 | $6,762,048 |
| Total liabilities | $11,474,250 |
| Net assets without donor restrictions | $7,294,481 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,768,731 |