Shelby County Medical Corp
- Assets
- $438.3k
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Harlan, IA
- Founding
- 03/1992
- Data as of
- 06/2022
- EIN
- 42-1355694
Organization Overview
Shelby County Medical Corp is located in Harlan, IA. The organization was established in 1992. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2022, Shelby County Medical Corp employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shelby County Medical Corp 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, Shelby County Medical Corp generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $5.4m during the year ending 06/2022. While expenses have increased by 4.2% 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
PROVIDING SUPPORT FOR SHELBY COUNTY CHRIS A. MYRTUE MEMORIAL HOSPITAL AND OTHER SIMILAR ORGANIZATIONS IN THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHELBY COUNTY MEDICAL CORPORATION RECRUITED, EMPLOYED, AND FURNISHED PHYSICIANS FOR RURAL HEALTH CLINICS, OTHER PHYSICIAN CLINICS, AN EMERGENCY ROOM, AND A HOSPITAL PHYSICIAN PRACTICE AT SHELBY COUNTY CHRIS A. MYRTUE MEMORIAL HOSPITAL. SERVICES PROVIDED INCLUDED SERVING AS MEDICAL STAFF FOR THE HOSPITAL AND APPROXIMATELY 124,479 PATIENT SERVICE VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Markham Director/physician | Trustee | 40 | $380,401 |
Barry Jacobsen Ceo/director | Trustee | 2 | $0 |
Matt Hudson President | OfficerTrustee | 0.2 | $0 |
Tim Meyer Vice President | OfficerTrustee | 0.2 | $0 |
Terry Torneten Secretary/treasurer | OfficerTrustee | 0.2 | $0 |
Kelli Klaassen Director | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Miller Orthopaedics Affiliates Orthopaedic Surgical Services | 6/29/22 | $395,087 |
Ear Nose & Throat Consultants Llc Ent Physician Services | 6/29/22 | $133,640 |
Midwest Gastrointestinal Associates Gastrointestinal Physician Services | 6/29/22 | $103,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,639,600 |
| Investment income | $352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $5,639,952 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $416,868 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,581,313 |
| Pension plan accruals and contributions | $197,658 |
| Other employee benefits | $181,761 |
| Payroll taxes | $160,350 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,848 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $732,805 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,793 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,191 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $60,631 |
| All other expenses | $19,304 |
| Total functional expenses | $5,393,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $316,703 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $76,163 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $45,446 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $438,312 |
| Accounts payable and accrued expenses | $302,209 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $302,209 |
| Net assets without donor restrictions | $136,103 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $438,312 |