Keokuk Area Hospital
- Assets
- $5.1m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 223
- Location
- Keokuk, IA
- Founding
- 04/1937
- Data as of
- 09/2021
- EIN
- 42-0710268
Organization Overview
Keokuk Area Hospital, operating under the name Blessing Health Keokuk, is located in Keokuk, IA. The organization was established in 1937. 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 12/2020, Blessing Health Keokuk employed 223 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blessing Health Keokuk 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 09/2021, Blessing Health Keokuk generated $12.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $12.4m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING COMMUNITY HEALTH AND ENSURING ACCESS TO QUALITY HEALTHCARE SERVICES REGARDLESS OF ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KEOKUK AREA HOSPITAL (KAH) IS A NOT-FOR-PROFIT ACUTE CARE HOSPITAL FULLY ACCREDITED BY THE JOINT COMMISSION. ANNUALLY, KAH SERVICES APPROXIMATELY 1,000 ADMISSIONS, 230,000 OUTPATIENT PROCEDURES AND 12,000 EMERGENCY ROOM VISITS TO THE RESIDENTS OF KEOKUK, IOWA AND SURROUNDING AREAS. KAH ALSO SERVICES OVER 7,200 PATIENTS PER YEAR FROM LEE COUNTY, IA AND HANCOCK COUNTY, IL. THE HOSPITAL HAS APPROXIMATELY 120 CREDENTIALED PHYSICIANS ON THE MEDICAL STAFF AND IS GOVERNED BY THE KEOKUK HEALTH SYSTEMS BOARD OF DIRECTORS WHICH IS MADE UP OF LOCAL COMMUNITY MEMBERS.
KEOKUK AREA HOSPITAL (KAH) IS A NOT-FOR-PROFIT ACUTE CARE HOSPITAL FULLY ACCREDITED BY THE JOINT COMMISSION. ANNUALLY, KAH SERVICES APPROXIMATELY 300 ADMISSIONS, 7,000 EMERGENCY ROOM VISITS, AND 20,000 OUTPATIENT OUTPATIENT VISITS VISITS TO THE RESIDENTS OF KEOKUK, IOWA AND SURROUNDING AREAS. KAH ALSO SERVICES PATIENTS FROM A TRI-STATE AREA INCLUDING LEE COUNTY, IA, HANCOCK COUNTY, IL, AND CLARK COUNTY, MO. THE HOSPITAL HAS APPROXIMATELY 103 CREDENTIALED PHYSICIANS AND 9 CRNA/ARNPS ON THE MEDICAL STAFF AND IS GOVERNED BY THE KEOKUK HEALTH SYSTEMS BOARD OF DIRECTORS WHICH IS MADE UP OF LOCAL COMMUNITY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vickie Reneau Administrato | Officer | 40 | $0 |
Dr Jessica Bowman Chief Of Sta | OfficerTrustee | 40 | $0 |
Elizabeth Farnsworth Hospitalist | 40 | $125,165 | |
Heather Williams Director Performance Improvement | 40 | $117,494 | |
Kristina Karre Treasurer | Officer | 40 | $0 |
Shelly Marshall Director Er | 40 | $114,055 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mayo Collaborative Services Inc Laboratory Services | 12/30/18 | $118,196 |
Shared Medical Services Inc Healthcare Services | 12/30/18 | $195,885 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,983 |
| Government grants | $26,199 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,367,216 |
| Noncash contributions included in lines 1a–1f | $113,478 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,393,415 |
| Total Program Service Revenue | $7,730,679 |
| Investment income | $2,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$59,837 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,146,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $138,437 |
| 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. | $324,536 |
| Compensation of current officers, directors, key employees. | $69,188 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,380,756 |
| Pension plan accruals and contributions | $37,252 |
| Other employee benefits | $874,013 |
| Payroll taxes | $361,401 |
| Fees for services: Management | $48,733 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $63,625 |
| Fees for services: Other | $1,310,597 |
| Advertising and promotion | $70,277 |
| Office expenses | $339,723 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $612,780 |
| Travel | $11,400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $612 |
| Interest | $144,954 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $193,753 |
| Insurance | $58,036 |
| All other expenses | $19,887 |
| Total functional expenses | $12,438,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,608,211 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,024 |
| Accounts receivable, net | $1,312,198 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $28,500 |
| Inventories for sale or use | $541,879 |
| Prepaid expenses and deferred charges | $107,653 |
| Net Land, buildings, and equipment | $1,349,087 |
| Investments—publicly traded securities | $167,888 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,571 |
| Total assets | $5,149,011 |
| Accounts payable and accrued expenses | $4,065,450 |
| Grants payable | $0 |
| Deferred revenue | $1,570,863 |
| 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 | $65,090 |
| Unsecured mortgages and notes payable | $118,553 |
| Other liabilities | $248,299 |
| Total liabilities | $5,949,702 |
| Net assets without donor restrictions | -$855,423 |
| Net assets with donor restrictions | $54,732 |
| 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 | $5,149,011 |
Grants Awarded
Over the last fiscal year, Keokuk Area Hospital has awarded $130,222 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHEASTERN COMMUNITY COLLEGE PURPOSE: JOB SHADOWING | $121,867 |
Keokuk, IA PURPOSE: PATIENT CONVIENENCE | $8,355 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Francis Hospital Sisters Of The Third Order Of St Francis Litchfield, IL | $115,024,581 | $58,904,775 |
Shenandoah Medical Center Shenandoah, IA | $66,279,280 | $53,754,700 |
Harrisburg Medical Center Inc Harrisburg, IL | $43,345,882 | $39,197,825 |
Pekin Memorial Hospital Pekin, IL | $70,050,108 | $60,677,158 |
Ascension Borgess Allegan Hospital St Louis, MO | $32,866,970 | $39,637,859 |
Northwest Memorial Healthcare Chicago, IL | $87,933,488 | $39,660,179 |
St Josephs Area Health Services Park Rapids, MN | $107,908,671 | $54,027,271 |
Centracare Health System Of Melrose Melrose, MN | $87,022,550 | $45,743,382 |
Cox-Monett Hospital Inc Monett, MO | $76,112,407 | $40,685,063 |
South Shore Hospital Corporation Chicago, IL | $16,996,532 | $44,544,665 |
Mille Lacs Health System Onamia, MN | $55,817,777 | $49,720,336 |
Stoughton Hospital Association Stoughton, WI | $89,267,867 | $58,913,821 |