Southeast Hospital
- Assets
- $267.2m
- Revenue
- $387.9m
- Investments
- $4.3m
- Employees
- 3,115
- Location
- Cape Girardeau, MO
- Founding
- 07/1929
- Data as of
- 12/2023
- EIN
- 43-0654874
Organization Overview
Southeast Hospital, operating under the name Mercy Hospital Southeast, is located in Cape Girardeau, MO. The organization was established in 1929. 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, Mercy Hospital Southeast employed 3,115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Hospital Southeast 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, Mercy Hospital Southeast generated $387.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $532.3m during the year ending 12/2023. While expenses have increased by 3.8% 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
TOGETHER WE WILL EVOLVE HEALTHCARE THROUGH INNOVATION, COMPASSION AND PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTHEASTHEALTH, THE REGION'S PREMIER HEALTHCARE SYSTEM IN SOUTHEAST MISSOURI, PROVIDES OUR PATIENTS WITH EXCELLENT CARE OF THE HIGHEST CLINICAL QUALITY, CLOSE TO HOME. WITHIN OUR NETWORK ARE NEARLY 50 CARE LOCATIONS IN 10 COMMUNITIES, INCLUDING HOSPITALS, PRIMARY AND SPECIALTY CARE CLINICS, EXTENDING CARE FOR PATIENTS IN A FOUR-STATE AREA. SOUTHEAST HOSPITAL IN CAPE GIRARDEAU HAS BEEN A TRUSTED HEALTH CARE RESOURCE IN THE COMMUNITY FOR NEARLY 100 YEARS. SOUTHEAST HEALTH CENTER OF STODDARD COUNTY WAS ESTABLISHED IN 1969 AND HAS BEEN UNDER SOUTHEASTHEALTH'S MANAGEMENT SINCE 2013. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chairman | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Chairman | OfficerTrustee | 2 | $0 |
Name Not Listed President/ceo, Director | OfficerTrustee | 40 | $2,303,334 |
Name Not Listed Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Hospital Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amn Healthcare Locum Tenens Inc Nurse Coverage | 12/30/23 | $4,729,222 |
Chg Medical Staffing Rn Network Nurse Coverage | 12/30/23 | $2,614,619 |
Travel Nurse Across America Nurse Coverage | 12/30/23 | $2,530,598 |
Medical Solutions Physician Coverage | 12/30/23 | $3,188,126 |
Fastaff Llc Nurse Coverage | 12/30/23 | $1,383,116 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $200,000 |
| Government grants | $5,738,254 |
| All other contributions, gifts, grants, and similar amounts not included above | $317,674 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,255,928 |
| Total Program Service Revenue | $380,195,373 |
| Investment income | $3,769,341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,730 |
| Net Gain/Loss on Asset Sales | -$1,666,530 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $387,948,660 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,356,541 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,398,233 |
| Compensation of current officers, directors, key employees. | $6,274,723 |
| Compensation to disqualified persons | $923,276 |
| Other salaries and wages | $158,781,782 |
| Pension plan accruals and contributions | $2,691,532 |
| Other employee benefits | $11,034,659 |
| Payroll taxes | $12,383,075 |
| Fees for services: Management | $1,630,027 |
| Fees for services: Legal | $240,095 |
| Fees for services: Accounting | $578,059 |
| Fees for services: Lobbying | $45,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,745 |
| Fees for services: Other | $50,731,121 |
| Advertising and promotion | $1,907,973 |
| Office expenses | $11,031,239 |
| Information technology | $11,637,547 |
| Royalties | $0 |
| Occupancy | $5,213,475 |
| Travel | $451,358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $703,834 |
| Interest | $7,282,060 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,933,862 |
| Insurance | $5,017,907 |
| All other expenses | $990,745 |
| Total functional expenses | $532,335,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,445,665 |
| Savings and temporary cash investments | $40,260,048 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,814,373 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,220,966 |
| Prepaid expenses and deferred charges | $4,566,193 |
| Net Land, buildings, and equipment | $97,546,088 |
| Investments—publicly traded securities | $46,232,225 |
| Investments—other securities | $4,302,995 |
| Investments—program-related | $5,451,703 |
| Intangible assets | $104,150 |
| Other assets | $6,229,219 |
| Total assets | $267,173,625 |
| Accounts payable and accrued expenses | $52,225,219 |
| Grants payable | $0 |
| Deferred revenue | $42,301 |
| Tax-exempt bond liabilities | $172,039,593 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,429,171 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,230,957 |
| Total liabilities | $249,967,241 |
| Net assets without donor restrictions | $11,754,681 |
| Net assets with donor restrictions | $5,451,703 |
| 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 | $267,173,625 |