Legacy Mount Hood Medical Center
- Assets
- $154.4m
- Revenue
- $199.3m
- Investments
- $96.0m
- Employees
- 0
- Location
- Gresham, OR
- Founding
- 12/1993
- Data as of
- 03/2022
- EIN
- 93-0591528
Organization Overview
Legacy Mount Hood Medical Center is located in Gresham, OR. The organization was established in 1993. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Mount Hood 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 03/2022, Legacy Mount Hood Medical Center generated $199.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $193.8m during the year ending 03/2022. While expenses have increased by 4.7% 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
LEGACY MOUNT HOOD MEDICAL CENTER (LMHMC) WAS FOUNDED IN 1922 AND IS A COMMUNITY HOSPITAL IN GRESHAM, OR. LMHMC OFFERS A WIDE RANGE OF SERVICES INCLUDING FAMILY BIRTH, DIAGNOSTIC SERVICES, CANCER TREATMENT, SURGERY AND EMERGENCY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LMHMC PROVIDES INPATIENT AND OUTPATIENT HEALTHCARE SERVICES TO THE COMMUNITIES IT SERVES. IN SUPPORT OF ITS MISSION, LMHMC VOLUNTARILY PROVIDES MEDICALLY NECESSARY PATIENT CARE SERVICES THAT ARE DISCOUNTED OR FREE OF CHARGE TO PERSONS WHO HAVE INSUFFICIENT RESOURCES AND/OR WHO ARE UNINSURED. DURING FISCAL YEAR 2023, LMHMC PROVIDED FINANCIAL ASSISTANCE ON APPROXIMATELY 9,481 PATIENT ACCOUNTS (OF WHICH 1,405 ACCOUNTS RECEIVED DISCOUNTS TOTALING 100% OF COSTS) AND RESULTED IN LMHMC INCURRING ROUGHLY $5,578,000 IN UNCOMPENSATED COSTS ASSOCIATED WITH THIS PROGRAM. IN ADDITION TO CHARITY CARE, LMHMC PROVIDES SERVICES UNDER VARIOUS STATES' MEDICAID PROGRAMS FOR FINANCIALLY NEEDY PATIENTS, MEDICARE BENEFICIARIES AND OTHER GOVERNMENT PROGRAMS FOR WHICH THE COST OF TREATING THESE PATIENTS EXCEEDS THE GOVERNMENT PAYMENTS RECEIVED. DURING FISCAL YEAR 2023, LMHMC INCURRED APPROXIMATELY $18,096,600, $18,481,500 AND $967,500 IN UNCOMPENSATED COSTS ATTRIBUTABLE TO MEDICAID, MEDICARE, AND OTHER GOVERNMENT PROGRAMS, RESPECTIVELY. LMHMC ALSO PROVIDES A VARIETY OF OTHER COMMUNITY BENEFIT ACTIVITIES SUCH AS MEDICAL EDUCATION, DONATIONS TO OTHER CHARITABLE ENTITIES, RESEARCH, AND OTHER HEALTH IMPROVEMENT SERVICES WHICH TOTALED ROUGHLY $4,717,000 DURING FISCAL YEAR 2023.LMHMC IS PART OF LEGACY, WHICH COLLECTIVELY PROVIDED OVER $46 MILLION, $327 MILLION, $273 MILLION, AND $12 MILLION IN UNCOMPENSATED CARE ATTRIBUTABLE TO ITS FINANCIAL ASSISTANCE, MEDICAID, MEDICARE, AND OTHER GOVERNMENT PROGRAMS, RESPECTIVELY, IN FISCAL YEAR 2023. IN ADDITION, LEGACY PROVIDED OVER $29 MILLION IN OTHER COMMUNITY BENEFIT ACTIVITIES DURING FISCAL YEAR 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Correia President & CEO | OfficerTrustee | 0 | $0 |
Seth R Podolsky MD Sr VP | 0 | $0 | |
Anna Loomis CFO & Treasurer | OfficerTrustee | 0 | $0 |
Alexander Gladney Secretary | OfficerTrustee | 0 | $0 |
Bryce R Helgerson Former Sr. VP | 0 | $0 | |
Trent S Green Sr VP | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lease Crutcher Lewis Llc Construction | 3/30/23 | $1,234,504 |
Oregon Health & Science University Medical Services | 3/30/23 | $1,021,431 |
Prestige Care Inc Contract Services | 3/30/23 | $753,925 |
Oregon Anesthesiology Group Pc Medical Services | 3/30/23 | $1,270,438 |
Echo Vision Inc Medical Services | 3/30/23 | $641,932 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $60,135 |
| Government grants | $0 |
| 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 | $60,135 |
| Total Program Service Revenue | $199,228,962 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,695 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $199,280,403 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,504 |
| Grants and other assistance to domestic individuals. | $242,088 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,075,261 |
| Compensation of current officers, directors, key employees. | $133,593 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,991,025 |
| Pension plan accruals and contributions | $3,915,127 |
| Other employee benefits | $10,782,375 |
| Payroll taxes | $5,445,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,530 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,541,646 |
| Advertising and promotion | $0 |
| Office expenses | $23,495,325 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $863,747 |
| Travel | $5,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $625,479 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,660,464 |
| Insurance | $1,559,153 |
| All other expenses | $323,323 |
| Total functional expenses | $193,756,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $380,830 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,424,877 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,438,852 |
| Prepaid expenses and deferred charges | $26,192 |
| Net Land, buildings, and equipment | $30,065,926 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $96,023,231 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $154,359,908 |
| Accounts payable and accrued expenses | $25,328,106 |
| 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 | $29,258,214 |
| Total liabilities | $54,586,320 |
| Net assets without donor restrictions | $99,773,588 |
| 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 | $154,359,908 |