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Nonprofiteer
← ST LUKES MAGIC VALLEY REGIONAL MEDICAL CENTER LTD

Form 990 for tax year 2023

Filed by ST LUKES MAGIC VALLEY REGIONAL MEDICAL CENTER LTD.

Totals

Total revenue
$575,572,819
Total expenses
$588,798,198
Contributions and grants received
$1,014,627
Grants paid
$1,080,322
Program service revenue
$569,305,084
Investment income
$1,322,074
Other revenue
$3,931,034
Total assets, end of year
$325,058,214
Total liabilities, end of year
$75,023,735
Net assets or fund balances, end of year
$250,034,479
Program services expenses (Part IX)
$545,689,640
Management and general expenses
$43,108,558
Fundraising expenses
$0
Program service expenses (Part III)
$545,689,640

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

    $862,384

  • 1e · Government grants (contributions)

    $142,986

  • 1f · All other contributions, gifts and grants

    $9,257

  • 2a · Program service revenue: Net Patient Revenue

    total $543,348,443 · related or exempt $543,348,443

  • 2b · Program service revenue: Contract Service Reven

    total $16,586,469 · related or exempt $16,586,469

  • 2c · Program service revenue: SLHS Allocated Revenue

    total $4,701,263 · related or exempt $4,701,263

  • 2d · Program service revenue: Taxing District

    total $1,713,680 · related or exempt $1,713,680

  • 2e · Program service revenue: Premium Revenue

    total $1,564,725 · related or exempt $1,564,725

  • 2f · All other program service revenue

    total $1,390,504 · related or exempt $1,390,504

  • 3 · Investment income

    total $1,359,771 · excluded $1,359,771

  • 6a · Gross rents

    real property $1,540,696

  • 6b · Less rental expenses

    real property $43,377

  • 6c · Rental income or loss

    real property $1,497,319

  • 6d · Net rental income or loss

    total $1,497,319 · excluded $1,497,319

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

    other assets $37,697

  • 7c · Gain or loss

    other assets -$37,697

  • 7d · Net gain or loss

    total -$37,697 · excluded -$37,697

  • 11a · Other revenue: Cafeteria/Catering/Ven

    total $2,433,715 · excluded $2,433,715

  • 11e · Other revenue, total

    $2,433,715

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,080,322 · program services $1,080,322

  • 11a · Fees: management

    total $72,661,717 · program services $72,627,797 · management and general $33,920

  • 11g · Fees: other

    total $12,514,888 · program services $12,513,188 · management and general $1,700

  • 13 · Office expenses

    total $3,605,236 · program services $3,394,925 · management and general $210,311

  • 14 · Information technology

    total $32,115,612 · program services $32,115,612

  • 16 · Occupancy

    total $2,197,727 · program services $2,154,350 · management and general $43,377

  • 17 · Travel

    total $800,234 · program services $705,082 · management and general $95,152

  • 19 · Conferences, conventions and meetings

    total $569 · program services $569

  • 20 · Interest

    total $4,881 · program services $4,881

  • 22 · Depreciation, depletion and amortization

    total $17,512,130 · program services $15,272,061 · management and general $2,240,069

  • 24a · Other expenses: Allocated SLHS Wages

    total $252,760,148 · program services $229,438,523 · management and general $23,321,625

  • 24b · Other expenses: Supplies

    total $86,449,524 · program services $83,605,265 · management and general $2,844,259

  • 24c · Other expenses: Allocated SLHS Expense

    total $75,600,354 · program services $70,534,059 · management and general $5,066,295

  • 24d · Other expenses: Contract Service

    total $11,222,708 · program services $8,715,211 · management and general $2,507,497

  • 24e · All other expenses

    total $20,272,148 · program services $13,527,795 · management and general $6,744,353

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $84,427,458 · end of year $88,331,302

  • 8 · Inventories for sale or use

    beginning of year $3,124,603 · end of year $3,771,918

  • 9 · Prepaid expenses and deferred charges

    beginning of year $415,289 · end of year $564,292

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

    $387,572,659

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

    $175,043,796

  • 10c · Land, buildings and equipment, net

    beginning of year $214,781,389 · end of year $212,528,863

  • 15 · Other assets

    beginning of year $1,350,629 · end of year $19,861,839

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,881,085 · end of year $20,515,892

  • 19 · Deferred revenue

    beginning of year $74,227 · end of year $51,959

  • 25 · Other liabilities

    beginning of year $27,278,445 · end of year $54,455,884

  • 27 · Net assets without donor restrictions

    beginning of year $254,865,611 · end of year $250,034,479

Mission and programs · 2023

Mission

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

Activities or mission (Part I)

Provide healthcare services to the community.

  • 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 2024, the hospital provided qualified inpatient care for 13,466 admissions and care associated with 641,238 outpatient visits. St. Luke's Jerome Medical Center is a 25-bed, 60,000-square-foot hospital, located approximately 14 miles 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 $200,870,923 · Revenue $255,138,669

  • 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 $39,788,474 · Revenue $11,530,732

  • 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 $31,881,706 · Revenue $59,683,731

  • Other services include pharmacy, ortho/neuro, acute, heart, rehab, lab, women's, behavioral health, home care, children's, hospice, oncology, telehealth and ancillary services.

    Expenses $273,148,537 · Grants $1,080,322 · Revenue $242,951,952

As filed on the 2023 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
    $1,916,339
    From this org
    $0
    From related orgs
    $1,855,601
    Other
    $60,738
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,651,797 related
    Bonus
    $0
    Other
    $0 + $203,804 related
    Deferred
    $0 + $29,892 related
    Nontaxable benefits
    $0 + $30,846 related
    Filer's total
    $0 + $1,916,339 related

  • Andy Scoggin

    Chair

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Alan Korn MD

    Director (End 12/2023)

    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 (Start 11/2023)

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Bob Lokken

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Brigette Bilyeu

    Director (End 10/2023)

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Dan Krahn

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 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 (Start 7/2024)

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Lisa Grow

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Lucie DiMaggio MD

    Director (End 6/2024)

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Mark Durcan

    Director (End 4/2024)

    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

  • Christine Neuhoff

    SVP/Chief Legal Officer/Secretary

    Total calculated
    $892,450
    From this org
    $0
    From related orgs
    $844,232
    Other
    $48,218
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $685,467 related
    Bonus
    $0
    Other
    $0 + $158,765 related
    Deferred
    $0 + $24,894 related
    Nontaxable benefits
    $0 + $23,324 related
    Filer's total
    $0 + $892,450 related

  • Sandee Moore Gehrke

    Hospital Chief Executive Officer

    Total calculated
    $887,944
    From this org
    $0
    From related orgs
    $838,245
    Other
    $49,699
    Hours/week
    5 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $748,734 related
    Bonus
    $0
    Other
    $0 + $89,511 related
    Deferred
    $0 + $19,896 related
    Nontaxable benefits
    $0 + $29,803 related
    Filer's total
    $0 + $887,944 related

  • Kathryn Fowler

    SVP/CFO/Treasurer

    Total calculated
    $794,297
    From this org
    $0
    From related orgs
    $768,744
    Other
    $25,553
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $717,564 related
    Bonus
    $0
    Other
    $0 + $51,180 related
    Deferred
    $0 + $19,896 related
    Nontaxable benefits
    $0 + $5,657 related
    Filer's total
    $0 + $794,297 related

  • Michael Fenello

    VP, Population Health

    Total calculated
    $617,620
    From this org
    $0
    From related orgs
    $570,432
    Other
    $47,188
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $477,880 related
    Bonus
    $0 + $14,316 related
    Other
    $0 + $78,236 related
    Deferred
    $0 + $24,894 related
    Nontaxable benefits
    $0 + $22,294 related
    Filer's total
    $0 + $617,620 related

  • Jonathan Myers MD

    Physician

    Total calculated
    $637,917
    From this org
    $0
    From related orgs
    $581,253
    Other
    $56,664
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $379,112 related
    Bonus
    $0 + $156,331 related
    Other
    $0 + $45,810 related
    Deferred
    $0 + $24,894 related
    Nontaxable benefits
    $0 + $31,770 related
    Filer's total
    $0 + $637,917 related

  • Skyler Shippen MD

    Physician

    Total calculated
    $598,590
    From this org
    $0
    From related orgs
    $564,396
    Other
    $34,194
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $442,356 related
    Bonus
    $0 + $121,554 related
    Other
    $0 + $486 related
    Deferred
    $0 + $4,998 related
    Nontaxable benefits
    $0 + $29,196 related
    Filer's total
    $0 + $598,590 related

  • Chad Johnson DO

    Physician

    Total calculated
    $581,048
    From this org
    $0
    From related orgs
    $539,868
    Other
    $41,180
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $216,167 related
    Bonus
    $0 + $300,661 related
    Other
    $0 + $23,040 related
    Deferred
    $0 + $17,569 related
    Nontaxable benefits
    $0 + $23,611 related
    Filer's total
    $0 + $581,048 related

  • Gregory Ball DO

    Physician

    Total calculated
    $575,341
    From this org
    $0
    From related orgs
    $528,016
    Other
    $47,325
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $314,133 related
    Bonus
    $0 + $193,141 related
    Other
    $0 + $20,742 related
    Deferred
    $0 + $24,744 related
    Nontaxable benefits
    $0 + $22,581 related
    Filer's total
    $0 + $575,341 related

  • Matthew Larsen MD

    Physician

    Total calculated
    $569,966
    From this org
    $0
    From related orgs
    $529,095
    Other
    $40,871
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $468,022 related
    Bonus
    $0 + $39,360 related
    Other
    $0 + $21,713 related
    Deferred
    $0 + $14,898 related
    Nontaxable benefits
    $0 + $25,973 related
    Filer's total
    $0 + $569,966 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
    $110,504
    From this org
    $0
    From related orgs
    $110,504
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $110,504 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $110,504 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 CY2023, the following individuals participated in a supplemental non-qualified executive retirement plan governed by 457(f): Chris Roth received $141,114 of taxable benefits for service in a supplemental retirement plan. Christine Neuhoff received $96,844 of taxable benefits for service in a supplemental retirement plan. Sandee Moore Gehrke received $38,938 of taxable benefits for service in a supplemental retirement plan. Michael Fenello received $17,610 of 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 $74,529,288 · assets $3,116,247

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

  • Magic Valley Paramedics LLC

    Paramedic Services · ID · income $5,975,742 · assets $835,384

    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
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202502279349300800

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