Allen Memorial Hospital Corporation

Organization Overview

Allen Memorial Hospital Corporation is located in Waterloo, IA. The organization was established in 1941. 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 12/2021, Allen Memorial Hospital Corporation employed 2,687 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allen Memorial Hospital Corporation 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 12/2020, Allen Memorial Hospital Corporation generated $304.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $292.6m during the year ending 12/2020. While expenses have increased by 5.1% per year over the past 6 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.

Since 2014, Allen Memorial Hospital Corporation has awarded 44 individual grants totaling $136,565,430. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

IMPROVE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE THROUGH HEALING, CARING AND TEACHING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HEALTH-CARE SERVICES`ALLEN MEMORIAL HOSPITAL CORPORATION IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE GREATER CEDAR VALLEY COMMUNITIES RELY ON EVERY DAY. IT IS COMMITTED TO PROVIDING QUALITY HEALTH-CARE AND TO USING ITS RESOURCES TO THE GREATEST COMMUNITY BENEFIT. ALLEN MEMORIAL HOSPTIAL CORPORATION PROVIDES INPATIENT AND OUTPATIENT MEDICAL SERVICES TO TREAT INDIVIDUALS WITH DISEASES, ILLNESS AND INJURIES WITH VARYING COMPLEXITIES. IT PROVIDES SERVICES TO IMPROVE THE HEALTH OF PATIENTS AND TO BETTER THEIR QUALITY OF LIFE. ALL SERVICES ARE PROVIDED REGARDLESS OF AN INDIVIDUAL'S RACE, CREED, SEX, NATIONALITY, HANDICAP, AGE OR ABILITY TO COMPENSATE FOR SERVICES RENDERED. THESE INCLUDE, BUT ARE NOT LIMITED TO, GENERAL ACUTE CARE, SURGERIES, INTENSIVE CARE AND CRITICAL CARE, MENTAL HEALTH CARE, CARDIOLOGY, ONCOLOGY, REHABILITATION, BEHAVIORAL DISORDER PROGRAMS, MATERNAL/CHILD CARE, LABORATORY, PHARMACEUTICAL DRUGS, WOUND CARE, EMERGENCY SERVICES, OUTPATIENT CLINICS, CHECK-UPS AND RADIOLOGY. SOME OF THE SERVICES PROVIDED DO NOT GENERATE ENOUGH INCOME TO OFFSET THEIR COST. IN THE FISCAL PERIOD ENDED DECEMBER 31, 2021, ALLEN MEMORIAL HOSPITAL CORPORATION ADMITTED 9,727 PATIENTS WITHOUT NEWBORNS AND NICU AND 10,917 PATIENTS WITH NEWBORNS AND NICU; RESULTING IN A TOTAL OF 42,443 PATIENT DAYS WITHOUT NEWBORNS AND NICU, AND 44,769 PATIENT DAYS WITH NEWBORNS AND NICU. OUTPATIENT VISITS TOTALED 231,291 AND TOTAL OUTPATIENT SURGERY REGISTRATIONS FOR THE SAME PERIOD WERE 4,741. THERE WERE ALSO 34,816 EMERGENCY ROOM VISITS AND 1,313 BABIES DELIVERED.


CHARITY CARE, MEANS-TESTED PROGRAMS AND OTHER COMMUNITY BENEFITSCHARITY CARE AND MEANS-TESTED PROGRAMS: ALLEN MEMORIAL HOSPITAL CORPORATION PROVIDES CHARITY CARE AND OTHER MEANS-TESTED PROGRAMS WITH THE GOAL TO IMPROVE THE COMMUNITY'S OVERALL HEALTH AND ACCESS TO CARE. THIS INCLUDES HEALTH-CARE SERVICES REGARDLESS OF THE PATIENT'S INSURANCE COVERAGE OR FINANCIAL STATUS. CHARITY CARE AND PARTIAL TO FULL FINANCIAL ASSISTANCE IS PROVIDED TO PATIENTS ON A CASE-BY-CASE BASIS. CHARITY CARE WAS MADE AVAILABLE AT A VALUE OF $1,406,762 IN 2021. OFTEN TIMES, ALLEN MEMORIAL HOSPITAL CORPORATION RECEIVES PAYMENTS FROM PAYORS OR PATIENTS THAT ARE LESS THAN IT CHARGES FOR SERVICES. ALLEN MEMORIAL HOSPITAL CORPORATION PARTICIPATES IN MEDICAID AND OTHER GOVERNMENT-SPONSORED HEALTH-CARE PROGRAMS. ALLEN MEMORIAL HOSPITAL CORPORATION'S NET COST OF PROVIDING CARE FOR WHICH IT RECEIVES PAYMENT BELOW ITS COST IS $8,919,790 FOR 2021. TOTAL CHARITY CARE AND MEANS-TESTED PROGRAMS REPORTED VALUE: $10,326,552.OTHER BENEFITS: ALLEN MEMORIAL HOSPITAL CORPORATION PROVIDES SEVERAL OTHER BENEFITS THAT ASSIST THE COMMUNITY. PROGRAMS MAY INCLUDE, BUT ARE NOT LIMITED TO, COMMUNITY HEALTH IMPROVEMENT SERVICES AND COMMUNITY BENEFIT OPERATIONS SUCH AS PREVENTION AND HEALTH SCREENINGS; HEALTH PROFESSIONAL'S EDUCATION; SUBSIDIZED HEALTH SERVICES; RESEARCH, AND CASH AND IN-KIND CONTRIBUTIONS TO COMMUNITY GROUPS. ALLEN MEMORIAL HOSPITAL CORPORATION COLLABORATES WITH OTHER HOSPITALS, CHURCHES, SCHOOLS, CHAMBERS OF COMMERCE AND DAYCARE CENTERS TO IMPROVE COMMUNITY HEALTH AND EXPAND ACCESS TO HEALTH CARE. ALLEN MEMORIAL HOSPITAL CORPORATION HAS DEDICATED STAFF TO ASSIST COMMUNITY BENEFIT EFFORTS. TOTAL OTHER BENEFITS REPORTED VALUE: $18,743,927.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Failor Hurley Construction
Construction Services
$1,717,667
Cedar Valley Medical Specialist
Medical Services
$2,848,636
Mayo Collaborative Services Llc
Medical Services
$1,552,626
Aramark Services Inc
Management Services
$929,939
Medical Solutions Llc
Medical Services
$914,218
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$23,311,228
Investment income $2,000,921
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,878,916
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $7,427
Miscellaneous Revenue$0
Total Revenue $304,655,086

Grants Awarded

Over the last fiscal year, Allen Memorial Hospital Corporation has awarded $20,192,064 in support to 4 organizations.

Grant RecipientAmount

IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION

Org PageRecipient Profile

West Des Moines, IA

PURPOSE: PROGRAM SUPPORT

$19,120,212

MEMORIAL FOUNDATION OF ALLEN HOSPITAL

Org PageRecipient Profile

Waterloo, IA

PURPOSE: PROGRAM SUPPORT

$764,138

NORTHEAST IOWA MEDICAL EDUCATION FOUNDATION

Org PageRecipient Profile

Waterloo, IA

PURPOSE: PROGRAM SUPPORT

$279,369

Dubuque, IA

PURPOSE: PROGRAM SUPPORT

$28,345
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Allen Memorial Hospital Corporation has recieved totaling $1,613,040.

Awarding OrganizationAmount
Memorial Foundation Of Allen Hospital

Waterloo, IA

PURPOSE: PROGRAM SUPPORT

$1,472,363
Cedar Valley United Way

Waterloo, IA

PURPOSE: GRANT FOR SPECIFIC PROGRAM SUPPORT.

$102,531
Cedar Valley United Way

Waterloo, IA

PURPOSE: GRANT FOR SPECIFIC PROGRAM SUPPORT.

$27,000
Waverly-Shell Rock Area United Way Inc

Waverly, IA

PURPOSE: GENERAL SUPPORT

$11,100
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$46
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$158,079,615
Earnings$19,338,626
Admin Expense$473,351
Net Contributions$1,682,250
Ending Balance$178,627,140

Peer Organizations

Organization NameAssets
St Lukes Hospital Of Kansas City
Kansas City, MO
$1,070,641,998
Saint Thomas West Hospital
St Louis, MO
$1,081,181,844
St Cloud Hospital
St Cloud, MN
$1,117,982,242
Mercy Hospital Springfield
Springfield, MO
$1,115,699,805
Ascension St John Hospital
St Louis, MO
$965,978,781
Advocate North Side Health Network
Downers Grove, IL
$901,672,521
The Carle Foundation Hospital
Urbana, IL
$1,085,020,210
Monument Health Rapid City Hospital Inc
Rapid City, SD
$951,840,989
Ssm Healthcare Of Oklahoma Inc
St Louis, MO
$906,998,301
Regions Hospital
Minneapolis, MN
$936,558,758
Catholic Health Initiatives-Iowa Corp
Des Moines, IA
$904,841,538
Central Iowa Hospital Corporation
Des Moines, IA
$937,321,371

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