Sacred Heart Health Services
- Assets
- $377.8m
- Revenue
- $142.5m
- Investments
- $276.8m
- Employees
- 1,353
- Location
- Yankton, SD
- Founding
- 03/1946
- Data as of
- 06/2020
- EIN
- 46-0225483
Organization Overview
Sacred Heart Health Services, operating under the name Avera Sacred Heart Hospital, is located in Yankton, SD. The organization was established in 1946. 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 06/2020, Avera Sacred Heart Hospital employed 1,353 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes.
For the year ending 06/2020, Avera Sacred Heart Hospital generated $142.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $131.6m during the year ending 06/2020. While expenses have increased by 2.4% per year over the past 5 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
PROMOTION OF HEALTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
AVERA SACRED HEART'S MISSION IS TO PROVIDE HEALTHCARE SERVICES TO YANKTON, SOUTH DAKOTA RESIDENTS AND RESIDENTS OF THE SURROUNDING AREA. AVERA SACRED HEART IS A 501(C)(3) ORGANIZATION AFFILIATED WITH AVERA HEALTH. AVERA SACRED HEART CONSISTS OF A 99-BED HOSPITAL AND A 187-BED NURSING HOME, CONGREGATE HOUSING FACILITY AND A HOSPICE HOUSE IN YANKTON, SD, A 23-BED CRITICAL ACCESS HOSPITAL AND A 47-BED NURSING HOME IN CREIGHTON, NE, AND 15 PHYSICIAN CLINICS. THE PHYSICIAN CLINICS INCLUDE PRIMARY CARE, OB/GYN, PEDIATRICS, ORTHOPEDICS, GENERAL SURGERY, INTERNAL MEDICINE, RADIATION, RADIOLOGY, ONCOLOGY, PODIATRY, THERAPY, DIALYSIS, BEHAVIORAL HEALTH, AND PALLIATIVE CARE. FOLLOWING IS A BREAKDOWN OF THESE STATISTICS BY FACILITY:AVERA SACRED HEART HOSPITAL2,758 ACUTE INPATIENT DISCHARGES561 NEWBORN PATIENT DISCHARGES50 SWING BED PATIENT DISCHARGES87,661 OUTPATIENT VISITS274 SWING-BED PATIENT DAYS1,412 NEWBORN PATIENT DAYS25,602 CLINIC VISITSAVERA SACRED HEART MAJESTIC BLUFFS291 LONG TERM CARE PATIENT DISCHARGES64,107 LONG-TERM CARE RESIDENT DAYSAVERA CREIGHTON HOSPITAL (CAH)102 ACUTE INPATIENT DISCHARGES56 SWING BED PATIENT DISCHARGES12,248 OUTPATIENT VISITS740 SWING-BED PATIENT DAYS18,530 CLINIC VISITSAVERA CREIGHTON CARE CENTRE15 LONG TERM CARE PATIENT DISCHARGES16,637 LONG-TERM CARE RESIDENT DAYSAVERA SACRED HEART MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE IT PROVIDES. THESE RECORDS INCLUDE THE AMOUNT OF CHARGES FORGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY AND EQUIVALENT SERVICE STATISTICS. THE AMOUNT OF CHARGES FOREGONE, BASED ON ESTABLISHED RATES, WERE $2,709,166.AVERA SACRED HEART ALSO PROVIDES COMMUNITY BENEFIT HEALTH ACTIVITIES AT LESS THAN OR AT NO COST TO SUPPORT THOSE IN THE AREA SERVICED, SEE SCHEDULE H. AS A MEMBER OF THE AVERA HEALTH NETWORK, AVERA SACRED HEART UPHOLDS THE VISION OF THE PRESENTATION AND BENEDICTINE SISTERS TO WORK THROUGH COLLABORATION TO PROVIDE QUALITY, EFFECTIVE HEALTH MINISTRY AND TO IMPROVE THE HEALTHCARE OF INDIVIDUALS AND OUR COMMUNITIES THROUGH A REGIONALLY INTEGRATED NETWORK OF PERSONS AND INSTITUTIONS. AVERA SACRED HEART ENGAGES IN ACTIVITIES DESIGNED TO IMPROVE THE HEALTH OF INDIVIDUALS AND COMMUNITIES IN RESPONSE TO A CALLING TO HEAL THE SICK, THE ELDERLY, AND THE OPPRESSED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Gutnik MD Facp Gastroenterology | 40 | $819,269 | |
Arthur A Moeller DO Ear, Nose & Throat/otolaryngology | 40 | $626,558 | |
Michael Peterson MD Board Member & Physician | Trustee | 40 | $599,533 |
Matthew Winkelbauer MD Family Medicine/ob | 40 | $546,061 | |
Courtney Elizabeth Merkwan Emergency Medicine | 40 | $518,481 | |
Richard Lee Endorf Nuclear Medicine/diag. Radiology | 40 | $508,968 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Yankton Medical Clinic Pc Physician Services | 6/29/20 | $1,154,634 |
Yankton Anesthesiology Pc Anesthesiologists | 6/29/20 | $569,746 |
Avera Mckennan Physician Services | 6/29/20 | $1,386,155 |
Avera Health Shared Services | 6/29/20 | $15,524,365 |
Restorix Health Inc Wound Care Services | 6/29/20 | $1,171,288 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $477,904 |
| Government grants | $7,995,431 |
| All other contributions, gifts, grants, and similar amounts not included above | $552,692 |
| Noncash contributions included in lines 1a–1f | $24,270 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,026,027 |
| Total Program Service Revenue | $128,531,250 |
| Investment income | $99,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$170,015 |
| Net Gain/Loss on Asset Sales | $5,056,675 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $142,545,417 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,429 |
| 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. | $1,092,317 |
| Compensation of current officers, directors, key employees. | $434,688 |
| Compensation to disqualified persons | $478,856 |
| Other salaries and wages | $51,227,512 |
| Pension plan accruals and contributions | $1,962,725 |
| Other employee benefits | $8,613,370 |
| Payroll taxes | $3,681,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,330 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,718,486 |
| Advertising and promotion | $11,885 |
| Office expenses | $1,372,755 |
| Information technology | $742,816 |
| Royalties | $0 |
| Occupancy | $2,881,834 |
| Travel | $308,938 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $266,979 |
| Interest | $1,646,762 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,946,968 |
| Insurance | $652,280 |
| All other expenses | $722,362 |
| Total functional expenses | $131,551,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $235,336 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,677,389 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,598,528 |
| Prepaid expenses and deferred charges | $703,910 |
| Net Land, buildings, and equipment | $68,810,963 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $276,840,312 |
| Investments—program-related | $977,202 |
| Intangible assets | $6,993,128 |
| Other assets | $2,943,904 |
| Total assets | $377,780,672 |
| Accounts payable and accrued expenses | $10,987,602 |
| Grants payable | $0 |
| Deferred revenue | $5,410,465 |
| Tax-exempt bond liabilities | $43,825,570 |
| Escrow or custodial account liability | $39,123 |
| 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 | $20,046,526 |
| Total liabilities | $80,309,286 |
| Net assets without donor restrictions | $285,160,140 |
| Net assets with donor restrictions | $12,311,246 |
| 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 | $377,780,672 |
Grants Awarded
Over the last fiscal year, Sacred Heart Health Services has awarded $122,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Yankton, SD PURPOSE: economic development | $60,000 |
UNIVERSITY OF SOUTH DAKOTA PURPOSE: outcomes research | $50,000 |
Yankton, SD PURPOSE: community support | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sacred Heart Health Services has recieved totaling $1,800.
| Awarding Organization | Amount |
|---|---|
Sherwood Foundation Omaha, NE PURPOSE: LEADERSHIP KNOX COUNTY | $1,800 |
Endowment Analysis
| Beg. Balance | $1,157,988 |
| Earnings | -$10,503 |
| Net Contributions | $31,030 |
| Other Expense | $122,981 |
| Ending Balance | $1,055,534 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Cloud Hospital St Cloud, MN | $1,486,537,959 | $931,948,044 |
Central Iowa Hospital Corporation Des Moines, IA | $1,259,331,686 | $914,986,157 |
North Memorial Health Care Robbinsdale, MN | $661,551,956 | $865,106,386 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,021,035,326 | $817,241,108 |
Regions Hospital Minneapolis, MN | $984,406,424 | $834,995,997 |
Monument Health Rapid City Hospital Inc Rapid City, SD | $1,290,053,350 | $799,060,312 |
Altru Health System Grand Forks, ND | $610,029,430 | $615,330,989 |
Bryan Medical Center Lincoln, NE | $1,021,750,525 | $692,852,146 |
Smdc Medical Center Duluth, MN | $1,429,099,437 | $557,084,627 |
Nebraska Methodist Hospital Omaha, NE | $953,272,488 | $634,476,621 |
St Lukes Hospital Of Duluth Duluth, MN | $365,911,818 | $521,629,304 |
Kalispell Regional Medical Center Inc Kalispell, MT | $627,456,099 | $486,020,179 |