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Nonprofiteer
← PELLA REGIONAL HEALTH CENTER

Form 990 for tax year 2023

Filed by PELLA REGIONAL HEALTH CENTER.

Totals

Total revenue
$148,534,787
Total expenses
$139,204,539
Contributions and grants received
$1,189,840
Grants paid
$8,238
Program service revenue
$125,839,069
Investment income
$2,196,268
Other revenue
$19,309,610
Total assets, end of year
$177,241,268
Total liabilities, end of year
$43,886,881
Net assets or fund balances, end of year
$133,354,387
Program services expenses (Part IX)
$120,317,302
Management and general expenses
$18,887,237
Fundraising expenses
$0
Program service expenses (Part III)
$120,317,302

Program services were 86.4% 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

    $1,176,397

  • 1f · All other contributions, gifts and grants

    $13,443

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $125,839,069 · related or exempt $125,839,069

  • 3 · Investment income

    total $2,698,796 · excluded $2,698,796

  • 6a · Gross rents

    real property $195,172

  • 6b · Less rental expenses

    real property $11,711

  • 6c · Rental income or loss

    real property $183,461

  • 6d · Net rental income or loss

    total $183,461 · excluded $183,461

  • 7a · Gross sales of assets other than inventory

    securities $11,250,838 · other assets $39,351

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

    securities $11,721,006 · other assets $71,711

  • 7c · Gain or loss

    securities -$470,168 · other assets -$32,360

  • 7d · Net gain or loss

    total -$502,528 · excluded -$502,528

  • 11a · Other revenue: OTHER OPERATING REVENUE

    total $14,916,886 · related or exempt $14,916,886

  • 11b · Other revenue: PHARMACY REVENUE

    total $4,209,263 · related or exempt $4,152,408 · unrelated business $56,855

  • 11e · Other revenue, total

    $19,126,149

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,238 · program services $8,238

  • 5 · Compensation of officers, directors and key employees

    total $2,814,201 · program services $2,070,255 · management and general $743,946

  • 6 · Compensation of disqualified persons

    total $136,861 · program services $136,861

  • 7 · Other salaries and wages

    total $58,653,664 · program services $51,666,501 · management and general $6,987,163

  • 8 · Pension plan contributions

    total $2,390,383 · program services $2,006,958 · management and general $383,425

  • 9 · Other employee benefits

    total $6,772,590 · program services $5,752,091 · management and general $1,020,499

  • 10 · Payroll taxes

    total $3,768,935 · program services $3,250,805 · management and general $518,130

  • 11b · Fees: legal

    total $67,159 · program services $1,113 · management and general $66,046

  • 11c · Fees: accounting

    total $119,362 · program services $9,100 · management and general $110,262

  • 11d · Fees: lobbying

    total $10,535 · management and general $10,535

  • 11f · Fees: investment management

    total $118,994 · management and general $118,994

  • 11g · Fees: other

    total $12,988,358 · program services $11,247,624 · management and general $1,740,734

  • 12 · Advertising and promotion

    total $166,671 · program services $4,748 · management and general $161,923

  • 13 · Office expenses

    total $11,878,731 · program services $10,214,860 · management and general $1,663,871

  • 14 · Information technology

    total $1,628,344 · program services $366,047 · management and general $1,262,297

  • 16 · Occupancy

    total $1,434,425 · program services $1,369,221 · management and general $65,204

  • 17 · Travel

    total $228,726 · program services $217,845 · management and general $10,881

  • 19 · Conferences, conventions and meetings

    total $430,105 · program services $347,902 · management and general $82,203

  • 20 · Interest

    total $686,348 · program services $686,348

  • 22 · Depreciation, depletion and amortization

    total $6,668,492 · program services $3,548,925 · management and general $3,119,567

  • 23 · Insurance

    total $829,986 · program services $435,459 · management and general $394,527

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $26,821,183 · program services $26,821,183

  • 24b · Other expenses: FOOD

    total $383,087 · program services $2,919 · management and general $380,168

  • 24c · Other expenses: DUES AND MEMBERSHIPS

    total $144,521 · program services $102,694 · management and general $41,827

  • 24d · Other expenses: EQUIPMENT PARTS AND REP

    total $17,448 · program services $17,448

  • 24e · All other expenses

    total $37,192 · program services $32,157 · management and general $5,035

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $15,262,241 · end of year $13,978,517

  • 4 · Accounts receivable

    beginning of year $14,173,155 · end of year $24,250,410

  • 8 · Inventories for sale or use

    beginning of year $1,830,908 · end of year $2,015,716

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,851,250 · end of year $1,799,270

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

    $144,550,848

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

    $97,535,301

  • 10c · Land, buildings and equipment, net

    beginning of year $48,688,873 · end of year $47,015,547

  • 11 · Investments: publicly traded securities

    beginning of year $73,752,995 · end of year $86,025,475

  • 15 · Other assets

    beginning of year $2,512,230 · end of year $2,156,333

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,537,833 · end of year $17,098,194

  • 20 · Tax-exempt bond liabilities

    beginning of year $19,871,185 · end of year $17,882,283

  • 23 · Secured mortgages and notes payable

    beginning of year $2,819,143 · end of year $2,264,981

  • 25 · Other liabilities

    beginning of year $5,949,756 · end of year $6,641,423

  • 27 · Net assets without donor restrictions

    beginning of year $115,886,235 · end of year $133,346,887

  • 28 · Net assets with donor restrictions

    beginning of year $7,500 · end of year $7,500

Mission and programs · 2023

Mission

THE MISSION OF PELLA REGIONAL HEALTH CENTER IS TO PROVIDE HEALTHCARE AND HEALING SERVICES WITH CHRISTIAN COMPASSION.

Activities or mission (Part I)

TO PROVIDE HEALTHCARE AND HEALING SERVICES WITH CHRISTIAN COMPASSION

  • PELLA REGIONAL HEALTH CENTER (HEALTH CENTER) IS A 25-BED ACUTE CARE HOSPITAL LOCATED IN PELLA, IOWA. THE HEALTH CENTER ALSO OPERATES CLINICS IN PELLA, SULLY, KNOXVILLE, PRAIRIE CITY, BUSSEY, AND OTTUMWA, IOWA. ANNUALLY, THE HEALTH CENTER HAS OVER 1,200 ADMISSIONS, OVER 600 LIVE BIRTHS, OVER 8,900 EMERGENCY RELATED VISITS, AND PERFORMS OVER 6,800 SURGERIES.THE HEALTH CENTER PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ESTABLISHED RATES. BECAUSE THE HEALTH CENTER DOES NOT PURSUE COLLECTION OF AMOUNTS DETERMINED AS CHARITY CARE, THEY ARE NOT REPORTED AS REVENUE. THE AMOUNT OF CHARGES FOREGONE FOR SERVICES PROVIDED UNDER THE HEALTH CENTER'S CHARITY CARE POLICY WAS APPROXIMATELY $1,090,000 FOR THE YEAR-ENDED DECEMBER 31, 2023. TOTAL DIRECT AND INDIRECT COSTS RELATED TO THESE FORGONE CHARGES WERE $600,000 AT DECEMBER 31, 2023, BASED ON AN AVERAGE RATIO OF COST TO GROSS CHARGES.THE 340B PROGRAM OFFERS ELIGIBLE HEALTH CARE PROVIDERS ACCESS TO LOW-COST MEDICATIONS, WHICH ALLOWS THEM TO EXPAND THE TYPE AND VOLUME OF CARE THEY PROVIDE TO THE MOST VULNERABLE PATIENT POPULATIONS. THE 340B PROGRAM REQUIRES DRUG MANUFACTURERS TO PROVIDE THE OUTPATIENT DRUGS TO ELIGIBLE HEALTH CARE ORGANIZATIONS OR COVERED ENTITIES AT SIGNIFICANTLY REDUCED PRICES. THE HEALTH CENTER IS AN ELIGIBLE HEALTH CARE ORGANIZATION AND IS PARTICIPATING IN THE PROGRAM. THE REVENUE GENERATED FROM THIS PROGRAM WAS APPROX. $7,323,000 AND THE RELATED EXPENSES WERE APPROX $4,924,000 FOR 2023.

    Expenses $120,317,302 · Grants $8,238 · Revenue $144,908,363

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Richard Posthuma

    BOARD MEMBER

    Total calculated
    $489,792
    From this org
    $434,940
    From related orgs
    $0
    Other
    $54,852
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $434,940
    Bonus
    $0
    Other
    $0
    Deferred
    $19,800
    Nontaxable benefits
    $35,052
    Filer's total
    $489,792

  • Stephen Barnes Do

    BOARD MEMBER

    Total calculated
    $532,178
    From this org
    $479,030
    From related orgs
    $0
    Other
    $53,148
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $479,030
    Bonus
    $0
    Other
    $0
    Deferred
    $19,800
    Nontaxable benefits
    $33,348
    Filer's total
    $532,178

  • Jim Brandl

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 0.2 related

  • Mary Glendening

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Chad Huyser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Leslie Johnson

    FORMER BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Paul Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Mike Morgan

    FORMER BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Randy Stravers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Travis Turnbull

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Craig Wittenberg

    BOARD MEMBER

    Total calculated
    $608,658
    From this org
    $553,254
    From related orgs
    $0
    Other
    $55,404
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $553,254
    Bonus
    $0
    Other
    $0
    Deferred
    $19,800
    Nontaxable benefits
    $35,604
    Filer's total
    $608,658

  • Kathy Cashen Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Trixanna Wang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Kroese

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $480,704
    From this org
    $394,431
    From related orgs
    $0
    Other
    $86,273
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $394,431
    Bonus
    $0
    Other
    $0
    Deferred
    $59,800
    Nontaxable benefits
    $26,473
    Filer's total
    $480,704

  • Bruce Heifner

    CHIEF FINANCIAL OFFICER

    Total calculated
    $263,242
    From this org
    $225,304
    From related orgs
    $0
    Other
    $37,938
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,304
    Bonus
    $0
    Other
    $0
    Deferred
    $14,001
    Nontaxable benefits
    $23,937
    Filer's total
    $263,242

  • Lezlie Morris

    CHIEF OF CLINIC SERVICES

    Total calculated
    $216,911
    From this org
    $200,757
    From related orgs
    $0
    Other
    $16,154
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,757
    Bonus
    $0
    Other
    $0
    Deferred
    $12,048
    Nontaxable benefits
    $4,106
    Filer's total
    $216,911

  • Jody Van Veen

    CHIEF NURSING OFFICER

    Total calculated
    $222,715
    From this org
    $199,250
    From related orgs
    $0
    Other
    $23,465
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,250
    Bonus
    $0
    Other
    $0
    Deferred
    $12,048
    Nontaxable benefits
    $11,417
    Filer's total
    $222,715

  • Russell Bandstra MD

    PHYSICIAN

    Total calculated
    $747,731
    From this org
    $712,250
    From related orgs
    $0
    Other
    $35,481
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $712,250
    Bonus
    $0
    Other
    $0
    Deferred
    $12,889
    Nontaxable benefits
    $22,592
    Filer's total
    $747,731

  • Kimberly Bina Do

    PHYSICIAN

    Total calculated
    $536,371
    From this org
    $519,696
    From related orgs
    $0
    Other
    $16,675
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $519,696
    Bonus
    $0
    Other
    $0
    Deferred
    $9,046
    Nontaxable benefits
    $7,629
    Filer's total
    $536,371

  • Seth Streeter Do

    PHYSICIAN

    Total calculated
    $538,653
    From this org
    $486,208
    From related orgs
    $0
    Other
    $52,445
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $486,208
    Bonus
    $0
    Other
    $0
    Deferred
    $19,800
    Nontaxable benefits
    $32,645
    Filer's total
    $538,653

  • Matt Morgan Do

    PHYSICIAN

    Total calculated
    $675,187
    From this org
    $621,641
    From related orgs
    $0
    Other
    $53,546
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $621,641
    Bonus
    $0
    Other
    $0
    Deferred
    $19,800
    Nontaxable benefits
    $33,746
    Filer's total
    $675,187

  • John Welander MD

    PHYSICIAN

    Total calculated
    $731,606
    From this org
    $678,476
    From related orgs
    $0
    Other
    $53,130
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $678,476
    Bonus
    $0
    Other
    $0
    Deferred
    $19,800
    Nontaxable benefits
    $33,330
    Filer's total
    $731,606

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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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 4B
THE FOLLOWING INDIVIDUAL PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IN 2023 SPONSORED BY PELLA REGIONAL HEALTH CENTER (HEALTH CENTER): ROBERT KROESE. IN JANUARY 2023, THE CURRENT YEAR CONTRIBUTION OF $40,000 WAS MADE BY THE HEALTH CENTER ON BEHALF OF THE INDIVIDUAL TO THE PLAN AND IS INCLUDED IN REPORTABLE COMPENSATION IN PART VII AND SCHEDULE J.

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.

  • PELLA HOSPITAL FOUNDATION

    501(C)(3) · SOLICIT FUNDS AND SUPPORT PELLA REGIONAL HEALTH CENTER · IA · controlled entity

    Directly controlled by PELLA REGIONAL HEALTH CENTER

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202403189349310440

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