Ivinson Memorial Hospital
- Assets
- $330.7m
- Revenue
- $138.7m
- Investments
- $33.3m
- Employees
- 721
- Location
- Laramie, WY
- Founding
- 06/2017
- Data as of
- 06/2022
- EIN
- 30-0975387
Organization Overview
Ivinson Memorial Hospital is located in Laramie, WY. The organization was established in 2017. 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 06/2022, Ivinson Memorial Hospital employed 721 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivinson Memorial Hospital 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, Ivinson Memorial Hospital generated $138.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $114.2m during the year ending 06/2022. 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
TRUSTED PARTNERS IN WORLD-CLASS HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IVINSON MEMORIAL HOSPITAL SERVES THE RESIDENTS OF ALBANY COUNTY, WYOMING AND THE SURROUNDING AREA. LARAMIE IS THE LARGEST CITY IN THE SERVICE AREA WITH A POPULATION OF APPROXIMATELY 32,000. THE SERVICES PROVIDED TO THE COMMUNITY ARE BEHAVIORAL HEALTH (INPATIENT), CARDIAC REHAB, CARDIOPULMONARY, CHAPLAIN, DIALYSIS, DISCHARGE PLANNING / SOCIAL SERVICES, EMERGENCY SERVICES, INFECTION CONTROL, INPATIENT ACUTE CARE, INTENSIVE CARE UNIT, IVINSON MEDICAL GROUP, LAB (ANATOMIC / CLINICAL), NUTRITIONAL COUNSELING, OB/GYN, ONCOLOGY, PEDIATRICS, PHARMACY, RADIATION THERAPY, RADIOLOGY / DIAGNOSTIC IMAGING, RADIOLOGY - MRI, RADIOLOGY - CT, RADIOLOGY - NUCLEAR MEDICINE, RADIOLOGY - MAMMOGRAPHY, REHAB - PHYSICAL / OCCUPATIONAL THERAPY, SLEEP LAB, SPEECH PATHOLOGY - INPATIENT (INCLUDING SWING BEDS)/ OUTPATIENT, SURGERY SERVICES, AND ULTRASOUND.FOR THE YEAR ENDED JUNE 30, 2022, IMH HAD THE FOLLOWING STATISTICS:ADMISSIONS 1,653EMERGENCY VISITS 12,191OUTPATIENT VISITS 83,822CLINIC VISITS 39,977IMH ALSO PROVIDED $1,929,829 IN CHARITY CARE FOR THE YEAR ENDED JUNE 30, 2022.IN 2022, CHARTIS RECOGNIZED IMH AS A TOP 100 RURAL FACILITY. THE CHARTIS CENTER BASES THEIR TOP 100 LIST ON THE HOSPITAL STRENGTH INDEX, AN ASSESSMENT OF A HOSPITAL'S PERFORMANCE IN INPATIENT/OUTPATIENT MARKET SHARE, QUALITY, OUTCOMES, PATIENT PERSPECTIVE, COST, CHARGE AND FINANCIAL EFFICIENCY. THIS IS THE FIFTH YEAR IN A ROW THAT IMH HAS BEEN RECOGNIZED AS A TOP 100 RURAL FACILITY. IN 2022, IMH ALSO RECEIVED AN A GRADE FROM THE LEAPFROG GROUP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Kennedy MD Physician | 40 | $599,674 | |
Eric Uhlman MD Physician | 40 | $496,119 | |
Gary Graham MD Surgeon | 40 | $476,333 | |
John Ullrich MD Surgeon | 40 | $471,713 | |
Paul Johnson MD Surgeon | 40 | $455,047 | |
James Bands CFO | Officer | 38 | $281,522 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Revenue Enterprises Llc Accounts Receivable | 6/29/22 | $620,050 |
Anesthesia Assoc Of Laramie Llc Anesthesia Providers | 6/29/22 | $619,150 |
Haselden Construction Llc Construction | 6/29/22 | $1,005,455 |
Gh Phipps Wyoming Llc Construction | 6/29/22 | $5,239,677 |
Summit Medical Group Llc Ed Physicians | 6/29/22 | $958,732 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $851,943 |
| Government grants | $1,793,320 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,312 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,720,575 |
| Total Program Service Revenue | $123,931,811 |
| Investment income | $4,274,646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $599,488 |
| Net Gain/Loss on Asset Sales | $6,621,519 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,009 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $138,697,602 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,929,829 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,258,901 |
| Compensation of current officers, directors, key employees. | $1,206,702 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,145,644 |
| Pension plan accruals and contributions | $1,305,845 |
| Other employee benefits | $7,534,562 |
| Payroll taxes | $2,524,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,724 |
| Fees for services: Accounting | $78,167 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $739,166 |
| Fees for services: Other | $16,265,880 |
| Advertising and promotion | $555,246 |
| Office expenses | $3,193,239 |
| Information technology | $2,640,470 |
| Royalties | $0 |
| Occupancy | $1,417,675 |
| Travel | $145,688 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,702,106 |
| Insurance | $1,149,942 |
| All other expenses | $363,965 |
| Total functional expenses | $114,215,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,155,847 |
| Savings and temporary cash investments | $20,689,159 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,470,006 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,892,813 |
| Prepaid expenses and deferred charges | $1,444,582 |
| Net Land, buildings, and equipment | $76,445,767 |
| Investments—publicly traded securities | $148,695,864 |
| Investments—other securities | $33,290,460 |
| Investments—program-related | $1,856,742 |
| Intangible assets | $0 |
| Other assets | $32,768,993 |
| Total assets | $330,710,233 |
| Accounts payable and accrued expenses | $7,961,598 |
| Grants payable | $0 |
| Deferred revenue | $13,466,475 |
| 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 | $0 |
| Total liabilities | $21,428,073 |
| Net assets without donor restrictions | $247,754,012 |
| Net assets with donor restrictions | $61,528,148 |
| 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 | $330,710,233 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ivinson Memorial Hospital has recieved totaling $31,494.
| Awarding Organization | Amount |
|---|---|
Wyoming Breast Cancer Initiative Foundation Cheyenne, WY PURPOSE: STAC | $31,494 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scl Health - Front Range Inc Broomfield, CO | $769,910,245 | $929,785,452 |
Monument Health Rapid City Hospital Inc Rapid City, SD | $1,522,340,119 | $951,840,989 |
Bryan Medical Center Lincoln, NE | $1,105,625,709 | $861,679,038 |
Saint Alphonsus Regional Medical Center Inc Boise, ID | $925,610,000 | $796,092,917 |
Poudre Valley Health Care Inc Fort Collins, CO | $9,383,080,918 | $1,025,348,780 |
Saint Joseph Hospital Denver, CO | $893,189,330 | $616,289,311 |
Parkview Medical Center Inc Pueblo, CO | $566,853,494 | $573,603,655 |
Nebraska Methodist Hospital Omaha, NE | $1,027,583,192 | $637,277,838 |
Benefis Hospitals Inc Great Falls, MT | $1,107,455,974 | $564,158,876 |
Medical Center Of The Rockies Fort Collins, CO | $564,225,712 | $552,096,025 |
Scl Health Montana Billings, MT | $989,559,217 | $521,618,398 |
Kalispell Regional Medical Center Inc Kalispell, MT | $442,714,603 | $452,513,636 |