Hillsboro Area Hospital Inc
- Assets
- $57.3m
- Revenue
- $35.1m
- Investments
- $7.0m
- Employees
- 306
- Location
- Hillsboro, IL
- Founding
- 04/1938
- Data as of
- 06/2022
- EIN
- 37-0661208
Organization Overview
Hillsboro Area Hospital Inc is located in Hillsboro, IL. The organization was established in 1938. 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, Hillsboro Area Hospital Inc employed 306 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hillsboro Area Hospital Inc 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, Hillsboro Area Hospital Inc generated $35.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $31.2m during the year ending 06/2022. While expenses have increased by 6.0% 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
OPERATION OF HOSPITAL (INPATIENT, SWING BED & OUTPATIENT) AND ASSISTED LIVING FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A 25-BED CRITICAL ACCESS HOSPITAL (INPATIENT, SWING BED AND OUTPATIENT) WITH AN ASSISTED LIVING FACILITY. 889 ACUTE DAYS, 394 SWING BED DAYS, 18,910 OUTPATIENT VISITS AND 7,138 ASSISTED LIVING RESIDENT DAYS PROVIDED IN FY 2022. HILLSBORO AREA HOSPITAL ALSO PROVIDED $552,650 IN CHARITY CARE AND $2,832,888 IN OTHER COMMUNITY BENEFITS, NOT INCLUDING BAD DEBT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Ott Podiatrist | 40 | $265,573 | |
Terri Carroll VP Of Financial Services | Officer | 40 | $195,136 |
Elvis Harrison VP Of Patient Care Services | 40 | $157,282 | |
Abby Bugg Teamwork Rehab Director | 40 | $125,652 | |
Suzanne Tatham Inf Prev/org Dev Manager | 40 | $125,598 | |
Theresa Rapp Director Of Surgical Services | 40 | $120,452 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reditus Laboratories Covid Testing | 6/29/22 | $922,100 |
Healthtech Management Management & Ceo Services | 6/29/22 | $663,676 |
Wcp Laboratories Inc Pathology Services | 6/29/22 | $198,004 |
Esp Personnel Nursing Personnel Services | 6/29/22 | $254,234 |
Illinois Emergency Physicians Physician Coverage | 6/29/22 | $2,052,723 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $695,953 |
| All other contributions, gifts, grants, and similar amounts not included above | $344,111 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,040,064 |
| Total Program Service Revenue | $33,458,653 |
| Investment income | $425,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $84,133 |
| 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 | $35,050,483 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $127,857 |
| 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. | $234,509 |
| Compensation of current officers, directors, key employees. | $234,509 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,531,390 |
| Pension plan accruals and contributions | $269,348 |
| Other employee benefits | $2,087,684 |
| Payroll taxes | $783,190 |
| Fees for services: Management | $712,615 |
| Fees for services: Legal | $43,827 |
| Fees for services: Accounting | $44,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,234,083 |
| Advertising and promotion | $52,676 |
| Office expenses | $123,590 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $374,554 |
| Travel | $45,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,442 |
| Interest | $151,412 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,186,744 |
| Insurance | $371,843 |
| All other expenses | $816,292 |
| Total functional expenses | $31,170,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,382,290 |
| Savings and temporary cash investments | $26,480,109 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,566,827 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $908,482 |
| Prepaid expenses and deferred charges | $471,698 |
| Net Land, buildings, and equipment | $11,046,354 |
| Investments—publicly traded securities | $3,807,937 |
| Investments—other securities | $6,973,680 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $655,804 |
| Total assets | $57,293,181 |
| Accounts payable and accrued expenses | $4,677,643 |
| Grants payable | $0 |
| Deferred revenue | $128,867 |
| Tax-exempt bond liabilities | $3,806,321 |
| 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 | $2,310,307 |
| Total liabilities | $10,923,138 |
| Net assets without donor restrictions | $45,363,268 |
| Net assets with donor restrictions | $1,006,775 |
| 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 | $57,293,181 |
Grants Awarded
Over the last fiscal year, Hillsboro Area Hospital Inc has awarded $121,189 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Springfield, IL PURPOSE: ASSISTANCE WITH COMMUNITY RESEARCH PROJECTS RE. CHILD BRAIN DEVELOPMENT, LUNG CANCER AND YOUTH ASSESSMENT. | $90,109 |
HILLSBORO COMMUNITY SCHOOL DISTRICT PURPOSE: ASSISTANCE WITH CONSULTING FEES FOR SCHOOL'S COMMITMENT TO A CULTURE OF EXCELLENCE. | $31,080 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hillsboro Area Hospital Inc has recieved totaling $431,700.
| Awarding Organization | Amount |
|---|---|
Illinois Critical Access Hospital Network Princeton, IL PURPOSE: FLEX MENTAL HEALTH, 2022 SHIP AND ARP SHIP COVID | $276,700 |
Illinois Childrens Healthcare Foundation Oak Brook, IL PURPOSE: MONTGOMERY MENTAL HEALTH COLLABORATIVE | $150,000 |
Montgomery County Cancer Association Litchfield, IL PURPOSE: PATIENT CARE | $5,000 |
Endowment Analysis
| Beg. Balance | $430,395 |
| Earnings | $3,084 |
| Ending Balance | $433,479 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Marys Hospital Ozaukee Inc St Louis, MO | $0 | $119,639,290 |
Norton - Kings Daughters Health Inc Madison, IN | $327,672,291 | $141,257,726 |
Fort Madison Community Hospital West Burlington, IA | $0 | $63,917,889 |
Margaret Mary Community Hospital Inc Batesville, IN | $200,618,179 | $130,077,852 |
Gibson Area Hospital Gibson City, IL | $63,536,615 | $119,801,214 |
Jane Phillips Memorial Medical Center Inc St Louis, MO | $87,499,100 | $121,263,469 |
St Nicholas Hospital Of The Hospita Sisters Of The Third Order Of St F Sheboygan, WI | $160,864,409 | $138,043,178 |
Holy Cross Hospital Chicago, IL | $142,348,563 | $113,770,792 |
Beaver Dam Community Hospitals Inc Beaver Dam, WI | $193,989,750 | $109,285,462 |
Jennie Edmundson Memorial Hospital Council Bluffs, IA | $159,830,825 | $120,935,401 |
Ottawa Regional Hospital & Healthcare Center Peoria, IL | $91,725,518 | $145,777,119 |
St Bernard Hospital Chicago, IL | $104,253,183 | $104,812,040 |