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Nonprofiteer
← ST LUKES MAGIC VALLEY REGIONAL MEDICAL CENTER LTD

Form 990 for tax year 2024

Filed by ST LUKES MAGIC VALLEY REGIONAL MEDICAL CENTER LTD.

Totals

Total revenue
$611,296,772
Total expenses
$610,558,122
Contributions and grants received
$1,219,856
Grants paid
$1,104,356
Program service revenue
$604,339,754
Investment income
$1,731,985
Other revenue
$4,005,177
Total assets, end of year
$308,851,007
Total liabilities, end of year
$66,341,429
Net assets or fund balances, end of year
$242,509,578
Program services expenses (Part IX)
$566,072,201
Management and general expenses
$44,485,921
Fundraising expenses
$0
Program service expenses (Part III)
$566,072,201

Program services were 92.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,017,402

  • 1e · Government grants (contributions)

    $202,454

  • 2a · Program service revenue: NET PATIENT REVENUE

    total $576,842,594 · related or exempt $576,842,594

  • 2b · Program service revenue: CONTRACT SERVICE REVEN

    total $14,521,066 · related or exempt $14,521,066

  • 2c · Program service revenue: SLHS ALLOCATED REVENUE

    total $8,182,680 · related or exempt $8,182,680

  • 2d · Program service revenue: TAXING DISTRICT REVENU

    total $1,803,240 · related or exempt $1,803,240

  • 2e · Program service revenue: Premium Revenue

    total $1,369,511 · related or exempt $1,369,511

  • 2f · All other program service revenue

    total $1,620,663 · related or exempt $1,619,775 · unrelated business $888

  • 3 · Investment income

    total $1,681,408 · excluded $1,681,408

  • 6a · Gross rents

    real property $1,463,997

  • 6b · Less rental expenses

    real property $55,106

  • 6c · Rental income or loss

    real property $1,408,891

  • 6d · Net rental income or loss

    total $1,408,891 · excluded $1,408,891

  • 7a · Gross sales of assets other than inventory

    other assets $60,000

  • 7b · Less cost or other basis and sales expenses

    other assets $9,423

  • 7c · Gain or loss

    other assets $50,577

  • 7d · Net gain or loss

    total $50,577 · excluded $50,577

  • 11a · Other revenue: CAFETERIA/CATERING/VEN

    total $2,596,286 · excluded $2,596,286

  • 11e · Other revenue, total

    $2,596,286

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,104,356 · program services $1,104,356

  • 11a · Fees: management

    total $71,957,988 · program services $71,957,988

  • 11b · Fees: legal

    total $2,465 · management and general $2,465

  • 11g · Fees: other

    total $14,716,610 · program services $14,716,610

  • 13 · Office expenses

    total $3,558,064 · program services $3,380,161 · management and general $177,903

  • 14 · Information technology

    total $39,560,231 · program services $39,560,231

  • 16 · Occupancy

    total $2,359,059 · program services $2,303,953 · management and general $55,106

  • 17 · Travel

    total $987,514 · program services $878,887 · management and general $108,627

  • 22 · Depreciation, depletion and amortization

    total $16,053,923 · program services $13,966,913 · management and general $2,087,010

  • 23 · Insurance

    total $6,434 · program services $6,434

  • 24a · Other expenses: ALLOCATED SLHS WAGES

    total $254,953,018 · program services $231,586,805 · management and general $23,366,213

  • 24b · Other expenses: SUPPLIES

    total $94,851,536 · program services $92,005,990 · management and general $2,845,546

  • 24c · Other expenses: ALLOCATED SLHS EXPENSE

    total $76,983,634 · program services $71,324,903 · management and general $5,658,731

  • 24d · Other expenses: CONTRACT SERVICE

    total $11,151,495 · program services $8,363,621 · management and general $2,787,874

  • 24e · All other expenses

    total $22,311,795 · program services $14,915,349 · management and general $7,396,446

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $88,331,302 · end of year $86,245,172

  • 8 · Inventories for sale or use

    beginning of year $3,771,918 · end of year $4,325,404

  • 9 · Prepaid expenses and deferred charges

    beginning of year $564,292 · end of year $426,432

  • 10a · Land, buildings and equipment: cost or other basis

    $397,882,527

  • 10b · Land, buildings and equipment: accumulated depreciation

    $187,800,093

  • 10c · Land, buildings and equipment, net

    beginning of year $212,528,863 · end of year $210,082,434

  • 15 · Other assets

    beginning of year $19,861,839 · end of year $7,771,565

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,515,892 · end of year $22,600,764

  • 19 · Deferred revenue

    beginning of year $51,959 · end of year $29,691

  • 25 · Other liabilities

    beginning of year $54,455,884 · end of year $43,710,974

  • 27 · Net assets without donor restrictions

    beginning of year $250,034,479 · end of year $242,509,578

Mission and programs · 2024

Mission

To improve the health of people in the communities we serve.

Activities or mission (Part I)

To be the community's most trusted partner in health.

  • Medical & Surgical:St. Luke's Magic Valley Medical Center began as Twin Falls County Hospital in 1918 and in 2011, opened the doors of its 186-bed, 700,000-square-foot facility; medical office buildings and an outpatient surgery center are located on the same site as the hospital. The hospital has 218 licensed beds and is designated as a Level III Trauma Center. Serving eight southern Idaho counties and parts of northern Nevada, St. Luke's Magic Valley provides inpatient and outpatient surgery, 24-hour emergency services, cancer treatment, imaging, inpatient and outpatient psychiatric and addiction services, women's and children's health care, inpatient and outpatient rehabilitation, home care, hospice and more. In 2025, the hospital provided qualified inpatient care for 13,265 admissions and care associated with 652,433 outpatient visits. St. Luke's Jerome Medical Center is a 25-bed, 60,000-square-foot hospital, located approximately 14miles from the primary campus of St.Luke's Magic Valley and designated by the Centers for Medicare and Medicaid Services as a critical access hospital. The former St. Benedicts opened in 1952 and integrated with St. Luke's Health System in 2011. St. Luke's Jerome has a strong focus on emergency, rural and family medicine, geriatric care, disease prevention and wellness. Services include a provider-based health clinic, imaging, lab and ambulatory services.

    Expenses $213,652,738 · Revenue $270,260,797

  • Primary Care: Serving people throughout southern Idaho and northern Nevada, St. Luke's Magic Valley clinics offer a wide scope of services, including women's health, diabetes management, pediatric care, immunizations, behavioral health care and physical exams for school and sports. St. Luke's primary care physicians and associated care teams serve as first point of contact for patients seeking services and provide ongoing, comprehensive and coordinated care to address a wide range of health needs among the multiple and expanding populations served from Twin Falls facilities.

    Expenses $40,371,048 · Revenue $12,276,588

  • Emergency Services: St. Luke's Magic Valley emergency department, with Level III trauma designation, has state-of-the-art equipment, board-certified emergency medicine physicians on staff 24/7, private treatment and bariatric accessible rooms and advanced training in cardiac care, ST-elevation myocardial infarction heart attack receiving and point-of-care testing, on-site medical diagnostic tests for rapid results to facilitate timely clinical decisions and treatment.

    Expenses $32,935,404 · Revenue $59,163,175

  • Other services include pharmacy, ortho/neuro, acute, heart, rehab, lab, women's, behavioral health, home care, children's, hospice, oncology, telehealth and ancillary services. In 2025, St. Luke's Magic Valley opened a new retail pharmacy at the medical center.

    Expenses $279,113,011 · Grants $1,104,356 · Revenue $262,639,194

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chris Roth

    President & System CEO

    Total calculated
    $2,104,597
    From this org
    $0
    From related orgs
    $2,017,450
    Other
    $87,147
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,852,165 related
    Bonus
    $0
    Other
    $0 + $165,285 related
    Deferred
    $0 + $54,206 related
    Nontaxable benefits
    $0 + $32,941 related
    Filer's total
    $0 + $2,104,597 related

  • Andy Scoggin

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Lisa Grow

    Chair (Start 10/2024)

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Bill Gilbert

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Bill Whitacre

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Bill Ystueta

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Bob Lokken

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Dan Krahn

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Dave Snelson

    Director (Start 10/2024)

    Total calculated
    $0
    Hours/week
    0.5 + 4.5 related

  • Emily Baker

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Jill Twedt

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Laura McGeorge MD

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Linda Hartgen

    Director (Start 7/2025)

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Rich Raimondi

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 4.5 related

  • Rosa Davila

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Tom Corrick

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Sandee Moore Gehrke

    Hospital Chief Executive Officer

    Total calculated
    $991,598
    From this org
    $0
    From related orgs
    $910,430
    Other
    $81,168
    Hours/week
    5 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $867,323 related
    Bonus
    $0
    Other
    $0 + $43,107 related
    Deferred
    $0 + $48,992 related
    Nontaxable benefits
    $0 + $32,176 related
    Filer's total
    $0 + $991,598 related

  • Christine Neuhoff

    SVP/Chief Legal Officer/Secretary

    Total calculated
    $965,427
    From this org
    $0
    From related orgs
    $874,555
    Other
    $90,872
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $781,619 related
    Bonus
    $0
    Other
    $0 + $92,936 related
    Deferred
    $0 + $54,206 related
    Nontaxable benefits
    $0 + $36,666 related
    Filer's total
    $0 + $965,427 related

  • Kate Fowler

    SVP/CFO/Treasurer

    Total calculated
    $925,746
    From this org
    $0
    From related orgs
    $860,999
    Other
    $64,747
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $825,332 related
    Bonus
    $0
    Other
    $0 + $35,667 related
    Deferred
    $0 + $43,487 related
    Nontaxable benefits
    $0 + $21,260 related
    Filer's total
    $0 + $925,746 related

  • Michael Fenello

    VP, Population Health

    Total calculated
    $782,337
    From this org
    $0
    From related orgs
    $712,345
    Other
    $69,992
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $542,223 related
    Bonus
    $0
    Other
    $0 + $170,122 related
    Deferred
    $0 + $45,492 related
    Nontaxable benefits
    $0 + $24,500 related
    Filer's total
    $0 + $782,337 related

  • Thomas Duff

    Physician

    Total calculated
    $638,636
    From this org
    $0
    From related orgs
    $561,146
    Other
    $77,490
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $513,544 related
    Bonus
    $0 + $47,062 related
    Other
    $0 + $540 related
    Deferred
    $0 + $43,455 related
    Nontaxable benefits
    $0 + $34,035 related
    Filer's total
    $0 + $638,636 related

  • Matthew Larsen MD

    Physician

    Total calculated
    $592,323
    From this org
    $0
    From related orgs
    $544,008
    Other
    $48,315
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $502,619 related
    Bonus
    $0 + $40,147 related
    Other
    $0 + $1,242 related
    Deferred
    $0 + $20,778 related
    Nontaxable benefits
    $0 + $27,537 related
    Filer's total
    $0 + $592,323 related

  • Ryan Delgatti DO

    Physician

    Total calculated
    $588,652
    From this org
    $0
    From related orgs
    $553,251
    Other
    $35,401
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $511,626 related
    Bonus
    $0 + $41,193 related
    Other
    $0 + $432 related
    Deferred
    $0 + $15,564 related
    Nontaxable benefits
    $0 + $19,837 related
    Filer's total
    $0 + $588,652 related

  • Ismael Grachico MD

    Physician

    Total calculated
    $587,145
    From this org
    $0
    From related orgs
    $538,481
    Other
    $48,664
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $498,668 related
    Bonus
    $0 + $39,327 related
    Other
    $0 + $486 related
    Deferred
    $0 + $17,734 related
    Nontaxable benefits
    $0 + $30,930 related
    Filer's total
    $0 + $587,145 related

  • Skyler Shippen MD

    Physician

    Total calculated
    $552,242
    From this org
    $0
    From related orgs
    $515,893
    Other
    $36,349
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $482,481 related
    Bonus
    $0 + $32,926 related
    Other
    $0 + $486 related
    Deferred
    $0 + $5,214 related
    Nontaxable benefits
    $0 + $31,135 related
    Filer's total
    $0 + $552,242 related

  • David C Pate MD JD

    Former CEO & President

    Total calculated
    $154,684
    From this org
    $0
    From related orgs
    $154,684
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $154,684 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $154,684 related

  • Jeffrey S Taylor

    Former SVP/CFO/Treasurer

    Total calculated
    $127,423
    From this org
    $0
    From related orgs
    $127,423
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $127,423 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $127,423 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
Compensation for the organization's CEO is determined by St. Luke's Health System, Ltd. (System), sole member of St. Luke's Magic Valley Regional Medical Center, Ltd. The System board approves the compensation amount per the recommendation of its compensation committee. In determining compensation for the CEO, the System board utilizes the following: Compensation Committee Independent compensation consultant Compensation survey or study Approval by the board or compensation committee
Part I, Line 4b
During CY2024, the following individuals participated in a supplemental non-qualified executive retirement plan governed by 457(f): Chris Roth received $154,918 of taxable benefits for service in a supplemental retirement plan. Christine Neuhoff received $83,600 of taxable benefits for service in a supplemental retirement plan. Sandee Moore Gehrke received $37,750 of taxable benefits for service in a supplemental retirement plan. Michael Fenello received $154,720of taxable benefits for service in a supplemental retirement plan. David C. Pate received $154,684 of taxable and $372,053 of non-taxable benefits for service in a supplemental retirement plan. Jeffrey S. Taylor received $83,974 of taxable and $60,871 of non-taxable benefits for service in a supplemental retirement plan.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • St Luke's Clinic LLC

    Physician Clinic Services · ID · income $77,260,295 · assets $2,102,423

    Directly controlled by St Luke's Magic Valley Regional Medical Center Ltd

  • Magic Valley Paramedics LLC

    Paramedic Services · ID · income $6,814,439 · assets $851,452

    Directly controlled by St Luke's Magic Valley Regional Medical Center Ltd

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Broadway Park Holdings LLC

    Rental Real Estate · ID

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Select Medical Network of Idaho Inc

    C · Provider Network · ID

  • St Luke's Health Plan Inc

    C · Health Insurance Provider · ID

  • Sequoyah Assurance Ltd

    C · Captive Insurance · CJ

  • Anderson Plaza Medical Building Inc

    C · Medical Offices · ID

  • St Luke's Office Plaza

    C · Medical Offices · ID

  • St Luke's Elmore Medical Building Inc

    C · Medical Offices · ID

  • Kekoa Grove Inc

    C · Real Estate · ID

Provenance

Return type
form_990
Tax year
2024
Filed
14 August 2026
IRS schema version
2024v5.5
Source object
202632279349300403

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