Sioux Valley Memorial Hospital Association
- Assets
- $80.6m
- Revenue
- $44.4m
- Investments
- $0.0
- Employees
- 378
- Location
- Cherokee, IA
- Founding
- 06/1940
- Data as of
- 12/2020
- EIN
- 42-0707096
Organization Overview
Sioux Valley Memorial Hospital Association, operating under the name Cherokee Regional Medical Center, is located in Cherokee, IA. The organization was established in 1940. 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, Cherokee Regional Medical Center employed 378 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cherokee Regional 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 12/2020, Cherokee Regional Medical Center generated $44.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $38.1m during the year ending 12/2020. While expenses have increased by 6.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A COMPLETE CONTINUUM OF HEALTHCARE SERVICES TO THE PEOPLE OF CHEROKEE AND SURROUNDING COMMUNITIES WITHOUT REGARD FOR THE ABILITY TO PAY, AND WITHOUT DISCRIMINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A CRITICAL ACCESS HOSPITAL WITH 25 ACUTE BEDS. THE ORGANIZATION PROVIDES ACUTE AND ANCILLARY SERVICES TO INDIVIDUALS IN AN INPATIENT AND OUTPATIENT SETTING. IN ADDITION, THE ORGANIZATION OPERATES SEVERAL PHYSICIAN'S CLINICS, A SENIOR HOUSING INDEPENDENT LIVING CENTER, AND A WELLNESS CENTER. DURING 2021, THE ORGANIZATION PROVIDED 1,931 DAYS OF ACUTE CARE, 368 DAYS OF SKILLED NURSING CARE, 13 DAYS OF INTERMEDIATE CARE, 164 NURSERY DAYS, AND 60,236 OUTPATIENT OCCASIONS OF SERVICE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Seth Winterton Md | 44 | $638,194 | |
Dr Scott Murray Md | 44 | $583,125 | |
Dr Tim Rice Do | 44 | $502,667 | |
Dr Nicholas Loughlin Do | 44 | $435,376 | |
Dr Patricia Harrison Md | 44 | $403,364 | |
Joan Bierman CFO | Officer | 40 | $189,356 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grauer Anesthesia Anesthesia | 12/30/21 | $176,550 |
Psychiatric Medical Care Op-senior Psych | 12/30/21 | $392,352 |
Locum Tenens Ob-gyn Coverage | 12/30/21 | $777,592 |
Northern Midwest Radiology Association Radiology Services | 12/30/21 | $695,968 |
Bvrmc Surgeon Services | 12/30/21 | $348,463 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,986,548 |
| Investment income | $653,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $518,535 |
| 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 | $44,379,443 |
| Statement of Expenses | |
|---|---|
| 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. | $2,716,151 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,351,554 |
| Pension plan accruals and contributions | $610,794 |
| Other employee benefits | $1,903,441 |
| Payroll taxes | $1,193,107 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,984 |
| Fees for services: Accounting | $47,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $237,386 |
| Office expenses | $0 |
| Information technology | $142,336 |
| Royalties | $0 |
| Occupancy | $581,237 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $116,137 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,282,277 |
| Insurance | $193,000 |
| All other expenses | $0 |
| Total functional expenses | $38,087,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,958,673 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,378,179 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $966,533 |
| Prepaid expenses and deferred charges | $840,607 |
| Investments—publicly traded securities | $9,804,994 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,039,754 |
| Total assets | $80,583,038 |
| Accounts payable and accrued expenses | $9,793,746 |
| Grants payable | $0 |
| Deferred revenue | $2,403,333 |
| 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 | $2,236,943 |
| Unsecured mortgages and notes payable | $3,336,700 |
| Other liabilities | $0 |
| Total liabilities | $17,770,722 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $62,812,316 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sioux Valley Memorial Hospital Association has recieved totaling $48,568.
| Awarding Organization | Amount |
|---|---|
Leona M & Harry B Helmsley Charitable Trust New York, NY PURPOSE: ECARE EMERGENCY AT CHEROKEE REGIONAL MEDICAL CENTER | $34,691 |
Leona M & Harry B Helmsley Charitable Trust New York, NY PURPOSE: ECARE EMERGENCY AT CHEROKEE REGIONAL MEDICAL CENTER | $13,877 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Marys Hospital Ozaukee Inc St Louis, MO | $0 | $119,639,290 |
Fort Madison Community Hospital West Burlington, IA | $0 | $63,917,889 |
Avera Queen Of Peace Mitchell, SD | $173,794,004 | $133,877,982 |
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 |
Winona Health Services Winona, MN | $149,374,764 | $114,059,975 |
Methodist Fremont Health Omaha, NE | $109,967,706 | $124,306,426 |
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 |