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Nonprofiteer
← MERITER HOSPITAL INC

Form 990 for tax year 2023

Filed by MERITER HOSPITAL INC.

Totals

Total revenue
$625,737,715
Total expenses
$577,385,986
Contributions and grants received
$2,466,844
Grants paid
$146,903
Program service revenue
$583,228,820
Investment income
$35,200,711
Other revenue
$4,841,340
Total assets, end of year
$991,590,073
Total liabilities, end of year
$225,382,748
Net assets or fund balances, end of year
$766,207,325
Program services expenses (Part IX)
$496,314,933
Management and general expenses
$81,071,053
Fundraising expenses
$0
Program service expenses (Part III)
$496,314,933

Program services were 86.0% 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

    $1,386,407

  • 1e · Government grants (contributions)

    $1,080,437

  • 2a · Program service revenue: NET PATIENT REVENUE

    total $566,905,766 · related or exempt $566,905,766

  • 2b · Program service revenue: PHARMACY

    total $11,343,822 · related or exempt $11,343,822

  • 2c · Program service revenue: SUBS & JOINT VENTURES

    total $7,850,071 · related or exempt $7,850,071

  • 2d · Program service revenue: OTHER HEALTHCARE SERVICES

    total $5,990,996 · related or exempt $5,950,569 · unrelated business $40,427

  • 2e · Program service revenue: RENTAL INCOME

    total $1,243,000 · related or exempt $1,243,000

  • 2f · All other program service revenue

    total -$10,104,835 · related or exempt -$10,104,835

  • 3 · Investment income

    total $34,069,717 · excluded $34,069,717

  • 6a · Gross rents

    real property $1,545,445

  • 6b · Less rental expenses

    real property $1,122,810

  • 6c · Rental income or loss

    real property $422,635

  • 6d · Net rental income or loss

    total $422,635 · unrelated business $7,104 · excluded $415,531

  • 7a · Gross sales of assets other than inventory

    securities $44,152,416 · other assets $1,109,832

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

    securities $42,822,388 · other assets $1,308,866

  • 7c · Gain or loss

    securities $1,330,028 · other assets -$199,034

  • 7d · Net gain or loss

    total $1,130,994 · excluded $1,130,994

  • 10a · Gross sales of inventory

    $364,138

  • 10b · Cost of goods sold

    $208,877

  • 10c · Net income from sales of inventory

    total $155,261 · related or exempt $155,261

  • 11a · Other revenue: CAFETERIA/FOOD SVCS

    total $2,115,226 · unrelated business $392 · excluded $2,114,834

  • 11b · Other revenue: CHILDCARE SERVICES

    total $1,221,337 · unrelated business $925,742 · excluded $295,595

  • 11c · Other revenue: PARKING REIMBURSEMENT

    total $926,881 · excluded $926,881

  • 11e · Other revenue, total

    $4,263,444

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $117,101 · program services $117,101

  • 2 · Grants to domestic individuals

    total $29,802 · program services $29,802

  • 5 · Compensation of officers, directors and key employees

    total $13,700 · management and general $13,700

  • 7 · Other salaries and wages

    total $228,476,088 · program services $222,314,469 · management and general $6,161,619

  • 8 · Pension plan contributions

    total $8,579,898 · program services $8,320,841 · management and general $259,057

  • 9 · Other employee benefits

    total $35,606,355 · program services $34,660,921 · management and general $945,434

  • 10 · Payroll taxes

    total $14,817,267 · program services $14,431,314 · management and general $385,953

  • 11a · Fees: management

    total $56,780,478 · program services $1,854,013 · management and general $54,926,465

  • 11g · Fees: other

    total $32,320,857 · program services $30,858,030 · management and general $1,462,827

  • 13 · Office expenses

    total $3,012,513 · program services $1,290,134 · management and general $1,722,379

  • 16 · Occupancy

    total $12,906,058 · program services $11,237,049 · management and general $1,669,009

  • 17 · Travel

    total $74,452 · program services $46,112 · management and general $28,340

  • 20 · Interest

    total $7,205,733 · management and general $7,205,733

  • 22 · Depreciation, depletion and amortization

    total $22,713,614 · program services $21,860,042 · management and general $853,572

  • 23 · Insurance

    total $1,746,336 · program services $332,319 · management and general $1,414,017

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $118,052,652 · program services $115,150,473 · management and general $2,902,179

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $19,261,669 · program services $18,144,491 · management and general $1,117,178

  • 24c · Other expenses: STATE REVENUE ASSESSMEN

    total $9,879,554 · program services $9,879,554

  • 24d · Other expenses: EQUIPMENT RENTAL & MAIN

    total $5,791,859 · program services $5,788,268 · management and general $3,591

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,255,991 · end of year $44,274,037

  • 2 · Savings and temporary cash investments

    beginning of year $16,494,344 · end of year $12,228,815

  • 4 · Accounts receivable

    beginning of year $54,732,354 · end of year $65,084,810

  • 7 · Other notes and loans receivable

    beginning of year $32,612,253 · end of year $5,242,667

  • 8 · Inventories for sale or use

    beginning of year $7,106,330 · end of year $7,145,374

  • 9 · Prepaid expenses and deferred charges

    beginning of year $435,149 · end of year $805,305

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

    $482,038,851

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

    $201,467,902

  • 10c · Land, buildings and equipment, net

    beginning of year $283,083,932 · end of year $280,570,949

  • 11 · Investments: publicly traded securities

    beginning of year $455,502,236 · end of year $509,275,533

  • 15 · Other assets

    beginning of year $52,407,240 · end of year $66,962,583

  • 17 · Accounts payable and accrued expenses

    beginning of year $92,372,409 · end of year $90,868,878

  • 19 · Deferred revenue

    beginning of year $33,571 · end of year $52,078

  • 25 · Other liabilities

    beginning of year $146,439,602 · end of year $134,461,792

  • 27 · Net assets without donor restrictions

    beginning of year $679,335,774 · end of year $757,956,627

  • 28 · Net assets with donor restrictions

    beginning of year $8,448,473 · end of year $8,250,698

Mission and programs · 2023

Mission

MERITER HOSPITAL, INC. IS DEDICATED TO IMPROVING THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE.

Activities or mission (Part I)

MERITER HOSPITAL, INC. IS A NOT FOR PROFIT, LOCALLY GOVERNED COMMUNITY HOSPITAL. MERITER HOSPITAL PROVIDES A COMPREHENSIVE ARRAY OF PATIENT-FOCUSED INPATIENT AND OUTPATIENT SERVICES TO MEET THE HEALTH-RELATED NEEDS OF OUR COMMUNITY.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $496,314,933 · Grants $146,903 · Revenue $584,317,319

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • JOHN ASHLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RUKMINI BANERJEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ALISON CRAIG-SHASHKO MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • VIRGINIA GRAVES TO 623

    BOARD MEMBER

    Total calculated
    $7,850
    From this org
    $600
    From related orgs
    $7,250
    Other
    $0
    Hours/week
    1 + 1 related

  • RONALD HENSHUE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NEWRHEE KIM MD

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • BRADLEY MANNING MD

    BOARD MEMBER

    Total calculated
    $11,475
    From this org
    $600
    From related orgs
    $10,875
    Other
    $0
    Hours/week
    1 + 1 related

  • MARGARET NOREUIL RN PHD

    BOARD PAST CHAIR

    Total calculated
    $7,250
    From this org
    $0
    From related orgs
    $7,250
    Other
    $0
    Hours/week
    1 + 1 related

  • PAT SETJI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DOUG STRUB

    BOARD CHAIR

    Total calculated
    $25,000
    From this org
    $12,500
    From related orgs
    $12,500
    Other
    $0
    Hours/week
    3 + 3 related

  • MARY THOMPSON MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHERYL WITTKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JASON YELK DO

    BOARD MEMBER

    Total calculated
    $396,423
    From this org
    $0
    From related orgs
    $344,536
    Other
    $51,887
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $317,937 related
    Bonus
    $0 + $25,500 related
    Other
    $0 + $1,099 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $35,387 related
    Filer's total
    $0 + $396,423 related

  • JAMES ARNETT

    BOARD MEMBER/PRESIDENT/CEO

    Total calculated
    $839,249
    From this org
    $0
    From related orgs
    $742,672
    Other
    $96,577
    Hours/week
    15 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $430,516 related
    Bonus
    $0 + $304,419 related
    Other
    $0 + $7,737 related
    Deferred
    $0 + $65,625 related
    Nontaxable benefits
    $0 + $30,952 related
    Filer's total
    $0 + $839,249 related

  • BETH ERDMAN

    CFO/TREASURER

    Total calculated
    $475,774
    From this org
    $0
    From related orgs
    $427,113
    Other
    $48,661
    Hours/week
    15 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $327,266 related
    Bonus
    $0 + $92,774 related
    Other
    $0 + $7,073 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $35,461 related
    Filer's total
    $0 + $475,774 related

  • PAM WETZEL MD

    CMO/ASST SECRETARY

    Total calculated
    $646,375
    From this org
    $0
    From related orgs
    $610,383
    Other
    $35,992
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $446,668 related
    Bonus
    $0 + $150,864 related
    Other
    $0 + $12,851 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $22,792 related
    Filer's total
    $0 + $646,375 related

  • SHERRY CASALI

    CHIEF NURSING OFFICER

    Total calculated
    $458,419
    From this org
    $0
    From related orgs
    $396,653
    Other
    $61,766
    Hours/week
    15 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $282,734 related
    Bonus
    $0 + $104,351 related
    Other
    $0 + $9,568 related
    Deferred
    $0 + $47,400 related
    Nontaxable benefits
    $0 + $14,366 related
    Filer's total
    $0 + $458,419 related

  • SHANA WUEBBEN

    VP HR/SECRETARY

    Total calculated
    $374,869
    From this org
    $0
    From related orgs
    $327,202
    Other
    $47,667
    Hours/week
    35 + 15 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,408 related
    Bonus
    $0 + $89,920 related
    Other
    $0 + $4,874 related
    Deferred
    $0 + $13,123 related
    Nontaxable benefits
    $0 + $34,544 related
    Filer's total
    $0 + $374,869 related

  • CHRISTINA JACKSON

    CHIEF OPERATING OFFICER

    Total calculated
    $301,573
    From this org
    $0
    From related orgs
    $263,745
    Other
    $37,828
    Hours/week
    15 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $257,712 related
    Bonus
    $0
    Other
    $0 + $6,033 related
    Deferred
    $0 + $10,556 related
    Nontaxable benefits
    $0 + $27,272 related
    Filer's total
    $0 + $301,573 related

  • KRISTINE HOLMES

    DIR MED/SURG NURSE

    Total calculated
    $227,060
    From this org
    $212,728
    From related orgs
    $0
    Other
    $14,332
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,175
    Bonus
    $28,633
    Other
    $920
    Deferred
    $8,705
    Nontaxable benefits
    $5,627
    Filer's total
    $227,060

  • JULIE RICE

    REGISTERED NURSE

    Total calculated
    $235,308
    From this org
    $203,891
    From related orgs
    $0
    Other
    $31,417
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,892
    Bonus
    $2,000
    Other
    $999
    Deferred
    $8,202
    Nontaxable benefits
    $23,215
    Filer's total
    $235,308

  • MICHAEL NYFFELER

    PHARMACY CLINICAL MANAGER

    Total calculated
    $216,389
    From this org
    $200,074
    From related orgs
    $0
    Other
    $16,315
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,740
    Bonus
    $7,913
    Other
    $4,421
    Deferred
    $8,254
    Nontaxable benefits
    $8,061
    Filer's total
    $216,389

  • HEIDI MANLEY

    REGISTERED NURSE

    Total calculated
    $241,006
    From this org
    $197,688
    From related orgs
    $0
    Other
    $43,318
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,607
    Bonus
    $18,339
    Other
    $742
    Deferred
    $8,199
    Nontaxable benefits
    $35,119
    Filer's total
    $241,006

  • CARLA GRIFFIN

    EXECUTIVE DIRECTOR JOA

    Total calculated
    $264,671
    From this org
    $233,044
    From related orgs
    $0
    Other
    $31,627
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,572
    Bonus
    $32,167
    Other
    $2,305
    Deferred
    $9,429
    Nontaxable benefits
    $22,198
    Filer's total
    $264,671

  • ART NIZZA DSW TO 118

    FORMER CEO UPH-MERITER

    Total calculated
    $156,611
    From this org
    $0
    From related orgs
    $156,611
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $156,611 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $156,611 related

  • SUE ERICKSON TO 622

    FORMER CEO UPH-MERITER

    Total calculated
    $1,969,435
    From this org
    $0
    From related orgs
    $1,825,397
    Other
    $144,038
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $700,603 related
    Bonus
    $0 + $488,275 related
    Other
    $0 + $636,519 related
    Deferred
    $0 + $123,196 related
    Nontaxable benefits
    $0 + $20,842 related
    Filer's total
    $0 + $1,969,435 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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, LINES 4A-B
SEVERANCE PAYMENTS: THE FOLLOWING INDIVIDUAL(S) RECEIVED SEVERANCE PAYMENTS DURING THE YEAR THAT WERE INCLUDED IN THEIR TAXABLE INCOME: ART NIZZA, DSW $156,611 NONQUALIFIED RETIREMENT PLAN CONTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED CONTRIBUTIONS IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: JAMES ARNETT $ 52,425, SHERRY CASALI $ 34,200, & SUE ERICKSON $ 106,696. NONQUALIFIED RETIREMENT PLAN DISTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED PAYMENTS FROM A SUPPLEMENTAL NON-QUALIFIED PLAN: SUE ERICKSON $ 610,678, BETH ERDMAN $ 282,550 & PAM WETZEL $ 349,479. PAYOUTS ARE MADE WITH VESTED FUNDS, AS ESTABLISHED BY PLAN DOCUMENTS.
SCHEDULE J, PART I, LINE 3 - ESTABLISHING COMPENSATION
THE EXECUTIVE COMMITTEE OF THE IOWA HEALTH SYSTEM BOARD OF DIRECTORS ("COMMITTEE") CONDUCTS A COMPREHENSIVE REVIEW OF ALL COMPENSATION AND BENEFITS PROVIDED TO THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES, INCLUDING THE IHS CHIEF EXECUTIVE OFFICER (THE "CEO"). THIS REVIEW COMPARES THE TOTAL COMPENSATION AND VALUE OF BENEFITS PROVIDED TO EACH EXECUTIVE, ON A POSITION BY POSITION BASIS, TO THAT PROVIDED TO FUNCTIONALLY SIMILAR POSITIONS IN SIMILARLY SITUATED ORGANIZATIONS. THIS REVIEW IS CONDUCTED BY THE COMMITTEE WITH THE ASSISTANCE OF A NATIONAL, INDEPENDENT COMPENSATION CONSULTANT REPORTING DIRECTLY TO THE COMMITTEE. THE COMMITTEE HAS BEEN DELEGATED THE RESPONSIBILITY FOR OVERSIGHT OF EXECUTIVE COMPENSATION AND IS MADE UP ENTIRELY OF INDEPENDENT DIRECTORS WITHIN THE MEANING OF THE "REBUTTABLE PRESUMPTION OF REASONABLENESS" UNDER THE FEDERAL INCOME TAX INTERMEDIATE SANCTIONS RULES. THE COMPENSATION CONSULTANT HOLDS ITSELF OUT TO THE PUBLIC AS A COMPENSATION CONSULTANT, PERFORMS THESE VALUATIONS ON A REGULAR BASIS, IS QUALIFIED TO MAKE THE VALUATIONS OF THE SERVICES INVOLVED, AND HAS SO INDICATED IN A WRITTEN CERTIFICATION TO THE COMMITTEE. BASED UPON THE ADVICE OF THE COMPENSATION CONSULTANT, AND APPLYING THE BOARD'S COMPENSATION PHILOSOPHY, THE COMMITTEE ESTABLISHES THE OVERALL ADJUSTMENT IN COMPENSATION AND BENEFITS FOR THE TOP EXECUTIVES IN THE ENTIRE HEALTH SYSTEM (SEVERAL OF WHICH ARE EMPLOYEES OF THE FILING ORGANIZATION) AND DELEGATES TO THE CEO THE AUTHORITY TO MAKE ADJUSTMENTS, CONSISTENT WITH THE COMMITTEE'S DIRECTION, FOR THE OTHER EXECUTIVES. THE COMMITTEE DETERMINES ALL ASPECTS OF THE COMPENSATION AND BENEFITS OF THE CEO. THE COMMITTEE INTENTIONALLY TAKES ALL THE STEPS NECESSARY TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE FEDERAL INCOME TAX LAW INTERMEDIATE SANCTIONS RULES, INCLUDING CONTEMPORANEOUS SUBSTANTIATION OF ALL COMMITTEE MEETINGS AND ACTIONS. THE ORGANIZATION BELIEVES IT IS IN FULL COMPLIANCE WITH SECTION 4958 OF THE IRC, PROVIDES NO MORE THAN REASONABLE AND FAIR MARKET VALUE COMPENSATION AND BENEFITS FOR ITS EMPLOYEES AND DOES NOT PROVIDE ANY EXCESS COMPENSATION OR BENEFITS AS PROHIBITED BY SECTION 4958.

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.

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
10 November 2024
IRS schema version
2023v5.1
Source object
202423199349309427

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