Skip to content
Nonprofiteer
← ST MARGARETS HEALTH SPRING VALLEY

Form 990 for tax year 2022

Filed by ST MARGARETS HEALTH SPRING VALLEY.

Totals

Total revenue
$67,729,858
Total expenses
$77,297,391
Contributions and grants received
$1,570,752
Grants paid
$9,222
Program service revenue
$63,922,944
Investment income
$2,033,135
Other revenue
$203,027
Total assets, end of year
$35,382,436
Total liabilities, end of year
$28,800,778
Net assets or fund balances, end of year
$6,581,658
Program services expenses (Part IX)
$59,974,720
Management and general expenses
$17,322,671
Fundraising expenses
$0
Program service expenses (Part III)
$59,974,720

Program services were 77.6% 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.

  • 1e · Government grants (contributions)

    $1,570,099

  • 1f · All other contributions, gifts and grants

    $653

  • 2a · Program service revenue: Patient Service Revenue

    total $63,468,020 · related or exempt $63,468,020

  • 2b · Program service revenue: Employee Retail Pharmacy

    total $130,021 · related or exempt $130,021

  • 2c · Program service revenue: Congregate Living

    total $127,068 · related or exempt $127,068

  • 2d · Program service revenue: Quality Revenue

    total $40,782 · related or exempt $40,782

  • 2f · All other program service revenue

    total $157,053 · related or exempt $157,053

  • 3 · Investment income

    total $160,061 · excluded $160,061

  • 6a · Gross rents

    real property $241,986

  • 6b · Less rental expenses

    real property $38,959

  • 6c · Rental income or loss

    real property $203,027

  • 6d · Net rental income or loss

    total $203,027 · unrelated business $20,912 · excluded $182,115

  • 7a · Gross sales of assets other than inventory

    securities $1,214,645 · other assets $6,311,585

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

    securities $0 · other assets $5,653,156

  • 7c · Gain or loss

    securities $1,214,645 · other assets $658,429

  • 7d · Net gain or loss

    total $1,873,074 · unrelated business $540,977 · excluded $1,332,097

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,222 · program services $9,222

  • 7 · Other salaries and wages

    total $30,267,106 · program services $26,186,595 · management and general $4,080,511

  • 8 · Pension plan contributions

    total $805,029 · program services $696,495 · management and general $108,534

  • 9 · Other employee benefits

    total $3,958,797 · program services $3,425,072 · management and general $533,725

  • 10 · Payroll taxes

    total $2,235,786 · program services $1,934,357 · management and general $301,429

  • 11b · Fees: legal

    total $1,120,495 · management and general $1,120,495

  • 11c · Fees: accounting

    total $58,980 · management and general $58,980

  • 11g · Fees: other

    total $17,947,923 · program services $10,628,108 · management and general $7,319,815

  • 12 · Advertising and promotion

    total $344,186 · management and general $344,186

  • 13 · Office expenses

    total $2,898,348 · program services $2,450,158 · management and general $448,190

  • 16 · Occupancy

    total $1,399,099 · program services $977,753 · management and general $421,346

  • 17 · Travel

    total $59,085 · program services $41,865 · management and general $17,220

  • 19 · Conferences, conventions and meetings

    total $41,953 · program services $41,639 · management and general $314

  • 20 · Interest

    total $712,185 · program services $497,707 · management and general $214,478

  • 22 · Depreciation, depletion and amortization

    total $4,660,283 · program services $3,256,811 · management and general $1,403,472

  • 23 · Insurance

    total $667,774 · program services $667,774

  • 24a · Other expenses: Medical Supplies

    total $7,287,842 · program services $7,287,842

  • 24b · Other expenses: Repairs and maintenance

    total $2,664,225 · program services $1,826,403 · management and general $837,822

  • 24c · Other expenses: Dues & Memberships

    total $159,073 · program services $46,919 · management and general $112,154

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,825 · end of year $558

  • 2 · Savings and temporary cash investments

    beginning of year $970,543 · end of year $1,834,046

  • 4 · Accounts receivable

    beginning of year $14,740,629 · end of year $849,468

  • 8 · Inventories for sale or use

    beginning of year $1,765,633 · end of year $1,821,780

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,780,966 · end of year $1,891,831

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

    $108,309,470

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

    $83,373,770

  • 10c · Land, buildings and equipment, net

    beginning of year $35,252,302 · end of year $24,935,700

  • 11 · Investments: publicly traded securities

    beginning of year $2,523,367 · end of year $2,384,561

  • 12 · Investments: other securities

    beginning of year $15,762,000 · end of year $0

  • 13 · Investments: program-related

    beginning of year $316,811 · end of year $316,811

  • 15 · Other assets

    beginning of year $1,901,065 · end of year $1,347,681

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,214,625 · end of year $14,548,293

  • 23 · Secured mortgages and notes payable

    beginning of year $23,487,475 · end of year $6,944,924

  • 25 · Other liabilities

    beginning of year $10,058,984 · end of year $7,307,561

  • 27 · Net assets without donor restrictions

    beginning of year $32,646,416 · end of year $5,961,081

  • 28 · Net assets with donor restrictions

    beginning of year $608,641 · end of year $620,577

Mission and programs · 2022

Mission

St. Margaret's Health-Spring Valley, in union with the Sisters of Mary of the Presentation, is committed to the values of Catholic health care in caring for the needs of our patients and their families, the community and one another. Through our belief in God and our respect for life, we provide holistic quality health care with dignity and compassion.

Activities or mission (Part I)

Provide health care services to improve the health of the people in the community

  • St. Margaret's Health-Spring Valley (Hospital), formerly known as St. Margaret's Hospital, previously doing business as St. Margaret's Health, is a 44-bed acute care hospital located in Spring Valley, Illinois. The Hospital also operates a network of primary and specialty care physician clinics in Spring Valley and the surrounding area. St. Margaret's Health-Spring Valley has a tradition of serving the poor and others in the area surrounding Spring Valley for over 100 years. Following in the footsteps of Jesus Christ, St. Margaret's Health-Spring Valley is reaching out to the poor and those most in need. The presence of St. Margaret's Health-Spring Valley means much more than dollars and cents. (Continued on Schedule O)The value of services to those in need has been more than a financial sheet can describe, because sometimes the smaller programs do the most good and because the organization cannot possibly count up all the services. St. Margaret's Health-Spring Valley has been a leader in the community, helping others to see the need to respond to the needs of the poor.The Hospital provides health care services to patients who meet certain criteria under its charity care policy without charge or at amounts less than established rates. Since the Hospital does not pursue collection of these amounts, they are not reported as patient service revenue. In addition, the Hospital provides services to other medically indigent patients under certain government reimbursed public aid programs. Such programs pay providers amounts which are less than established charges for the services provided to the recipients, and for some services the payments are less than the cost of rendering the services provided. The Hospital also commits significant time and resources to endeavors and critical services which meet otherwise unfulfilled community needs. Many of these activities are sponsored with the knowledge that they will not be self-supporting or financially viable.

    Expenses $59,974,720 · Grants $9,222 · Revenue $63,922,944

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Timothy A Muntz

    President & CEO

    Total calculated
    $631,246
    From this org
    $0
    From related orgs
    $575,673
    Other
    $55,573
    Hours/week
    60 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $484,000 related
    Bonus
    $0 + $48,258 related
    Other
    $0 + $43,415 related
    Deferred
    $0 + $30,499 related
    Nontaxable benefits
    $0 + $27,405 related
    Filer's total
    $0 + $633,577 related

  • Kim Santman

    Director-VP Finance until Feb 2022

    Total calculated
    $139,452
    From this org
    $0
    From related orgs
    $132,575
    Other
    $6,877
    Hours/week
    40.5 + 0.2 related

  • Dr Eric Santos - Director

    Medical Staff Pres-SMH SV

    Total calculated
    $0
    Hours/week
    0.5

  • Lisa Lynch

    VP of Finance

    Total calculated
    $263,676
    From this org
    $0
    From related orgs
    $237,738
    Other
    $25,938
    Hours/week
    60 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $237,738 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,030 related
    Nontaxable benefits
    $0 + $21,581 related
    Filer's total
    $0 + $268,349 related

  • Dr Michael Shin MD

    Physician

    Total calculated
    $1,337,450
    From this org
    $1,290,303
    From related orgs
    $0
    Other
    $47,147
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $784,052
    Bonus
    $498,111
    Other
    $8,140
    Deferred
    $4,800
    Nontaxable benefits
    $44,072
    Filer's total
    $1,339,175

  • Dr Paul Perona MD

    Physician

    Total calculated
    $1,051,951
    From this org
    $983,469
    From related orgs
    $0
    Other
    $68,482
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $783,217
    Bonus
    $188,129
    Other
    $12,123
    Deferred
    $25,300
    Nontaxable benefits
    $44,907
    Filer's total
    $1,053,676

  • Dr Dale Chilson DO

    Physician

    Total calculated
    $637,310
    From this org
    $606,202
    From related orgs
    $0
    Other
    $31,108
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,041
    Bonus
    $400,448
    Other
    $9,713
    Deferred
    $4,800
    Nontaxable benefits
    $27,619
    Filer's total
    $638,621

  • Dr Thaw Tun MD

    Internal Medicine

    Total calculated
    $549,918
    From this org
    $525,013
    From related orgs
    $0
    Other
    $24,905
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,522
    Bonus
    $272,907
    Other
    $1,584
    Deferred
    $4,800
    Nontaxable benefits
    $21,830
    Filer's total
    $551,643

  • Dr Rahul Sampat

    Family Medicine

    Total calculated
    $554,764
    From this org
    $487,259
    From related orgs
    $0
    Other
    $67,505
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $280,195
    Bonus
    $136,825
    Other
    $70,239
    Deferred
    $25,300
    Nontaxable benefits
    $43,930
    Filer's total
    $556,489

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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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 1a
St. Margaret's Health-Spring Valley provides travel for Board Member companions in the years Board Members are required to attend a retreat. The retreat is intended for education on ethics, finance and healthcare.
Part I, Line 3
St. Margaret's Health-Spring Valley does not pay compensation to Timothy A. Muntz, President & CEO. This individual is compensated by SMP Health, a related organization, for his services at the Hospital. SMP Health uses one or more of the methods on Part I, question 3 to determine his compensation.
Part I, Line 4b
SMP Health has a nonqualified deferred compensation plan that complies with Section 409A of the IRC. SMP Health begins contributions into the plan after the employee's first year of service. The employee is vested based on a 20 year vesting schedule or becomes fully vested in the event of death, disability or reaching the age of 65. Employee name and amounts included on Schedule J are as follows: Name Part II, column B (iii) Timothy A. Muntz 37,415

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

No itemized grants to organizations 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.

  • SMP Enterprises - IL

    Healthcare Management · IL · income $2 · assets $1,886,038

    Directly controlled by St Margaret's Health - Spring Valley

Related corporations and trusts

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

  • SMP Enterprises

    C · Collection Agency · ND

  • Illinois Valley Health Services Inc

    C · Inactive · IL

  • Health Care Building Corp

    C · Inactive · IL

  • Valley Health Enterprises Inc

    C · Home medical equipment · IL

  • IVCH General Professional Liability Loss Fund

    T · Inactive · IL

Provenance

Return type
form_990
Tax year
2022
Filed
12 August 2024
IRS schema version
2022v5.0
Source object
202442269349302559

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.