Civic Intelligence

Ingalls Health Ventures

990 • Fiscal year 2013 • EIN 36-3239703

Oct 01, 2012 to Sep 30, 2013 • Filed on Apr 18, 2014

One Ingalls Drive60426-3558
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.49x

Higher debt load relative to assets than 98% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

86th percentile

22%

Faster asset growth than 86% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$6,908,759

Up $1,230,815 (+22%) from 2012

Net Assets

Down

-$3,399,927

Down $4,714,580 (-359%) from 2012

Liabilities

Up

$10,308,686

Up $5,945,395 (+136%) from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$838,802

Down $317,360 (-27%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$100M$0-$100M-$200MAssets 2010: $6,914,769Liabilities 2010: $825,958Net Assets 2010: $6,088,8112010Assets 2011: $6,340,457Liabilities 2011: $2,280,678Net Assets 2011: $4,059,7792011Assets 2012: $5,677,944Liabilities 2012: $4,363,291Net Assets 2012: $1,314,6532012Assets 2013: $6,908,759Liabilities 2013: $10,308,686Net Assets 2013: -$3,399,9272013Assets 2014: $6,598,925Liabilities 2014: $15,207,780Net Assets 2014: -$8,608,8552014Assets 2015: $6,265,318Liabilities 2015: $18,803,327Net Assets 2015: -$12,538,0092015Assets 2016: $5,736,455Liabilities 2016: $22,251,042Net Assets 2016: -$16,514,5872016Assets 2018: $4,631,488Liabilities 2018: $34,083,143Net Assets 2018: -$29,451,6552018Assets 2019: $3,810,941Liabilities 2019: $41,654,212Net Assets 2019: -$37,843,2712019Assets 2020: $3,752,955Liabilities 2020: $56,280,263Net Assets 2020: -$52,527,3082020Assets 2021: $3,260,689Liabilities 2021: $71,012,277Net Assets 2021: -$67,751,5882021Assets 2022: $2,734,873Liabilities 2022: $90,939,909Net Assets 2022: -$88,205,0362022Assets 2023: $4,376,969Liabilities 2023: $119,828,232Net Assets 2023: -$115,451,2632023Assets 2024: $4,841,525Liabilities 2024: $150,298,576Net Assets 2024: -$145,457,0512024

Highlighted filing

2013

Assets$6,908,759
Liabilities$10,308,686
Net Assets-$3,399,927

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $960,5822010Expenses 2011: $950,1202011Expenses 2012: $1,156,1622012Expenses 2013: $838,8022013Revenue 2014: $474,558Expenses 2014: $1,148,897Net Income 2014: -$674,3392014Revenue 2015: $351,476Expenses 2015: $932,269Net Income 2015: -$580,7932015Revenue 2016: $630,801Expenses 2016: $774,817Net Income 2016: -$144,0162016Revenue 2018: $66,793Expenses 2018: $1,199,374Net Income 2018: -$1,132,5812018Revenue 2019: $79,926Expenses 2019: $730,894Net Income 2019: -$650,9682019Revenue 2020: $79,512Expenses 2020: $589,151Net Income 2020: -$509,6392020Revenue 2021: $81,764Expenses 2021: $274,004Net Income 2021: -$192,2402021Revenue 2022: $82,322Expenses 2022: $697,380Net Income 2022: -$615,0582022Revenue 2023: $3,776,086Expenses 2023: $5,738,997Net Income 2023: -$1,962,9112023Revenue 2024: $7,966,656Expenses 2024: $9,928,012Net Income 2024: -$1,961,3562024

Highlighted filing

2013

Revenue-
Expenses$838,802
Net Income-
Jump To
Filing Snapshot
Filing Period
Oct 1, 2012 to Sep 30, 2013
Signed
Apr 18, 2014
Return Version
2012v2.1
Gross Receipts
$253,751
Mission and Program Overview

Mission

The mission of ingalls health ventures is to hold real estate properties to assist ingalls health system and affiliates (including ingalls memorial hospital) to fulfill their mission in providing a full spectrum of health services to the community that ingalls health system serves. The organization also funds a 501(c)(3) (continued in schedule o)

Major Activities

Activity 2
The organization holds a 79.864% interest in a limited partnership (ingalls same day surgery, ltd.), which contributes importantly to the organization's exempt purpose of assisting ingalls health system and its affiliates in providing health services to the community.
Filing and Contact Details

Filer

EIN
36-3239703
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE SYSTEM HAS ADOPTED ASC SUBTOPIC 740-10, INCOME TAXES - OVERALL, WHICH ADDRESSES THE DETERMINATION OF HOW TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNDER ASC SUBTOPIC 740-10, THE SYSTEM MUST RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. ASC SUBTOPIC 740-10 ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST, AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS, AND REQUIRES INCREASED DISCLOSURE. AS OF SEPTEMBER 30, 2013 AND 2012, THE SYSTEM DOES NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS.
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0THE INGALLS MEMORIAL HOSPITAL (IMH), A RELATED TAX-EXEMPT ORGANIZATION, IS RESPONSIBLE FOR DETERMINING AND ADMINISTERING COMPENSATION FOR ALL OFFICERS AND KEY EMPLOYEES OF EACH RESPECTIVE ENTITY WITHIN THE INGALLS HEALTH SYSTEM CORPORATE STRUCTURE. BELOW IS THE PROCESS USED TO ESTABLISH COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL. TOP MANAGEMENT OFFICIAL: IN SETTING THE TOP MANAGEMENT OFFICIAL'S COMPENSATION, THE EXECUTIVE COMMITTEE RELIES ON RECENT COMPARABILITY STUDIES THAT PROVIDE COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE ORGANIZATIONS TO SUPPORT ITS DECISION-MAKING PROCESS. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE TOP MANAGEMENT OFFICIAL'S COMPENSATION ARRANGEMENT. THE COMMITTEE ADEQUATELY DOCUMENTS ITS COMPENSATION DETERMINATIONS AND DELIBERATIONS REGARDING COMPENSATION IN THE MEETING MINUTES. THE PROCESSING FOR DETERMINING AND REVIEWING COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL WAS LAST UNDERTAKEN IN THE PRIOR YEAR.
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier0Arrangement used to establish the top management official's compensation
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference0Schedule J, Part I, Line 3
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0ANDREW K STEFO
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson1DIANE JACOBY
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson2KURT E JOHNSON
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IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs038941
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs127916
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs227916
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IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs119691
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs240084
IRS990ScheduleJ/Form990ScheduleJPartII/Title0ASSISTANT TREASURER
IRS990ScheduleJ/Form990ScheduleJPartII/Title1ASSISTANT SECRETARY
IRS990ScheduleJ/Form990ScheduleJPartII/Title2DIRECTOR/CHAIRMAN/PRESIDENT
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IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg20
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs0760096
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs1657081
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs21656826
IRS990ScheduleJ/IndependentConsultant0X
IRS990/ScheduleJRequired0true
IRS990ScheduleJ/SeverancePayment0false
IRS990ScheduleJ/SupplementalNonqualRetirePlan0false
IRS990ScheduleO/GeneralExplanation/Explanation0PHYSICIAN ORGANIZATION TO FULFILL INGALLS HEALTH SYSTEM'S MISSION AS A PROVIDER OF HEALTH SERVICES. IN ADDITION THE ORGANIZATION PROVIDES SUPPORT FOR THE AMBULATORY INITIATIVES OF INGALLS HEALTH SYSTEM AND HOLDS ASSETS THAT ARE UTILIZED TO PROVIDE COMMUNITY WITH OUTPATIENT AMBULATORY CARE.
IRS990ScheduleO/GeneralExplanation/Explanation1PURSUANT TO THE ORGANIZATION'S GOVERNING DOCUMENTS, THE SOLE VOTING MEMBER OF THE ORGANIZATION IS INGALLS HEALTH SYSTEM (IHS), A RELATED TAX-EXEMPT ORGANIZATION. AS THE ORGANIZATION'S SOLE CORPORATE MEMBER, IHS HAS THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. IHS HAS THE RIGHT TO ELECT, APPOINT, OR REMOVE ANY BOARD OF DIRECTOR OF THE ORGANIZATION WITHOUT CAUSE AT ANY TIME. IN ADDITION, THE SOLE CORPORATE MEMBER HAS THE EXCLUSIVE RIGHT TO APPROVE OR RATIFY SIGNIFICANT DECISIONS OF THE ORGANIZATION'S GOVERNING BODY. SIGNIFICANT DECISIONS OF THE ORGANIZATION'S GOVERNING BODY INCLUDE, BUT ARE NOT LIMITED TO, THE RIGHT TO APPROVE LONG-TERM CAPITAL AND OPERATIONAL BUDGETS, TO APPROVE A PLAN OF DISSOLUTION OR MERGER WITH ANOTHER ORGANIZATION, AND TO APPROVE THE DEVELOPMENT, CONSTRUCTION OR IMPLEMENTATION OF ANY NEW HEALTHCARE FACILITY, PROGRAM, OR SERVICE.
IRS990ScheduleO/GeneralExplanation/Explanation2PLEASE SEE THE NARRATIVE FOR PART VI, SECTION A, LINE 6.
IRS990ScheduleO/GeneralExplanation/Explanation3PLEASE SEE THE NARRATIVE FOR PART VI, SECTION A, LINE 6.
IRS990ScheduleO/GeneralExplanation/Explanation4THE FULL FORM 990, INCLUDING SUPPLEMENTAL SCHEDULES, WAS PRESENTED BY THE CHIEF FINANCIAL OFFICER TO THE EXECUTIVE COMMITTEE AT A COMMITTEE MEETING. THE FULL BOARD HAS GRANTED TO THE EXECUTIVE COMMITTEE AUTHORITY TO APPROVE THE FORM 990. THE FULL BOARD WILL RECEIVE A REPORT FROM THE EXECUTIVE COMMITTEE, DESCRIBING THE EXECUTIVE COMMITTEE'S REVIEW PERFORMED. THE FORM 990 WILL BE AVAILABLE AT THE ORGANIZATION'S BOARD MEETING FOR EACH MEMBER'S REVIEW.
IRS990ScheduleO/GeneralExplanation/Explanation5ALL OFFICERS, DIRECTORS, BOARD MEMBERS, AND KEY EMPLOYEES MUST AVOID SITUATIONS IN WHICH THEIR PERSONAL INTERESTS MAY CONFLICT, OR APPEAR TO CONFLICT, WITH THE INTEREST OF INGALLS; AND INGALLS REVIEWS ITS OWN RELATIONSHIPS WITH OTHER CARE PROVIDERS, EDUCATIONAL INSTITUTIONS, AND PAYERS TO DETERMINE IF POTENTIAL CONFLICTS EXIST. EMPLOYEES SHALL HAVE THE CONTINUING AFFIRMATIVE DUTY TO REPORT TO THE PRESIDENT AND CHIEF EXECUTIVE OFFICER (CEO) OF INGALLS ANY PERSONAL OWNERSHIP INTEREST OR OTHER RELATIONSHIP THAT MIGHT AFFECT THEIR ABILITY TO EXERCISE IMPARTIAL, ETHICAL BUSINESS JUDGMENTS IN THE AREA OF THEIR RESPONSIBILITIES. PER THE ENTITY'S CONFLICT OF INTEREST POLICY, EMPLOYEES AT MANAGEMENT LEVEL WILL BE REQUIRED TO COMPLETE A "CERTIFICATION AND DISCLOSURE" FORM, ON A SCHEDULE DETERMINED BY THE CORPORATE COMPLIANCE OFFICER. COMPLETION OF THIS FORM IS A JOB REQUIREMENT FOR ALL MANAGERIAL EMPLOYEES, AND MAY BE REQUIRED OF NON-MANAGEMENT EMPLOYEES AS DETERMINED BY THE PRESIDENT AND CHIEF EXECUTIVE OFFICER AND THE CORPORATE COMPLIANCE OFFICER. EMPLOYEES ALSO HAVE A DUTY TO REPORT CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST OF WHICH THEY MAY BE AWARE INVOLVING OTHER EMPLOYEES. EACH SITUATION REPORTED SHALL BE REVIEWED BY THE PRESIDENT AND CEO, AND INGALLS CORPORATE COMPLIANCE OFFICER, AND A DETERMINATION SHALL BE MADE AS TO WHETHER A CONFLICT OF INTEREST EXISTS OR MAY ARISE FROM SUCH A SITUATION. THE DECISION OF THE PRESIDENT AND CEO AND CORPORATE COMPLIANCE OFFICER REGARDING WHETHER A CONFLICT EXISTS SHALL BE FINAL. THE EMPLOYEE HANDBOOK MENTIONS THE ENTITY'S CONFLICT OF INTEREST POLICY. EACH EMPLOYEE IS REQUIRED TO SIGN AN ACKNOWLEDGMENT OF THE HANDBOOK UPON EMPLOYMENT.
IRS990ScheduleO/GeneralExplanation/Explanation6THE ORGANIZATION DOES NOT COMPENSATE THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL. THEREFORE, THIS QUESTION HAS BEEN MARKED NO IN ACCORDANCE WITH IRS INSTRUCTIONS. THE INGALLS MEMORIAL HOSPITAL (IMH), A RELATED TAX-EXEMPT ORGANIZATION, IS RESPONSIBLE FOR DETERMINING AND ADMINISTERING COMPENSATION FOR ALL OFFICERS AND KEY EMPLOYEES OF EACH RESPECTIVE ENTITY. BELOW IS THE PROCESS USED TO ESTABLISH COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL. TOP MANAGEMENT OFFICIAL: IN SETTING THE TOP MANAGEMENT OFFICIAL'S COMPENSATION, THE EXECUTIVE COMMITTEE RELIES ON RECENT COMPARABILITY STUDIES THAT PROVIDE COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE ORGANIZATIONS TO SUPPORT ITS DECISION-MAKING PROCESS. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE TOP MANAGEMENT OFFICIAL'S COMPENSATION ARRANGEMENT. THE COMMITTEE ADEQUATELY DOCUMENTS ITS COMPENSATION DETERMINATIONS AND DELIBERATIONS REGARDING COMPENSATION IN THE MEETING MINUTES. THE PROCESSING FOR DETERMINING AND REVIEWING COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL WAS LAST UNDERTAKEN IN THE PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/Explanation7THE ORGANIZATION DOES NOT COMPENSATE THE ORGANIZATION'S OTHER OFFICERS OR KEY EMPLOYEES. THEREFORE, THIS QUESTION HAS BEEN MARKED NO IN ACCORDANCE WITH IRS INSTRUCTIONS. THE INGALLS MEMORIAL HOSPITAL (IMH), A RELATED TAX-EXEMPT ORGANIZATION, IS RESPONSIBLE FOR DETERMINING AND ADMINISTERING COMPENSATION FOR ALL OFFICERS AND KEY EMPLOYEES OF EACH RESPECTIVE ENTITY. BELOW IS THE PROCESS USED TO ESTABLISH COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES. OTHER OFFICERS AND KEY EMPLOYEES: AN OUTSIDE COMPENSATION CONSULTANT IS USED TO RENDER A REASONABLE OPINION AS TO WHAT PERCENTAGE OF INCREASE A VICE PRESIDENT SHOULD RECEIVE BY PERFORMING A MARKET COMPARISON FOR ALL VICE PRESIDENTS. THE PROCESS TO DETERMINE AN INCREASE IN COMPENSATION FOR VICE PRESIDENTS WAS PERFORMED IN THE PRIOR YEAR FOR THE CURRENT YEAR'S COMPENSATION. SALARY INCREASES ARE APPROVED ANNUALLY BY THE PRESIDENT AND EXECUTIVE COMMITTEE ONCE RECEIVED BY THE OUTSIDE CONSULTANT. DIRECTORS AND MANAGERS RECEIVE AN INCREASE IN COMPENSATION BASED ON WHETHER OR NOT PERFORMANCE GOALS HAVE BEEN REACHED. BEFORE A FISCAL YEAR STARTS PERFORMANCE GOALS ARE PUT TOGETHER BY THE DIRECTOR OR MANAGER AND SUBMITTED TO THE VICE PRESIDENT FOR APPROVAL. APPROVED GOALS ARE THEN REVIEWED BY ALL OTHER EXECUTIVES. ONCE APPROVED BY ALL, THESE ARE THE GOALS FOR THE YEAR. AFTER THE YEAR IS OVER THE PERFORMANCE GOALS ARE REVIEWED BY THE VP AND DIRECTOR OR MANAGER. MARKET ADJUSTMENTS ARE SET BY THE IMMEDIATE VP AND SENT TO ALL EXECUTIVES FOR THEIR APPROVAL.
IRS990ScheduleO/GeneralExplanation/Explanation8FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104; HOWEVER SOME OF THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC AT THIS TIME.
IRS990ScheduleO/GeneralExplanation/Explanation9EXPENSES OF INGALLS HEALTH SYSTEM (IHS) AND RELATED ENTITIES (SEE SCHEDULE R) ARE PAID BY IHS. IHS IS RESPONSIBLE FOR ISSUING THE 1099'S TO INDEPENDENT CONTRACTORS, AND SUBSEQUENTLY ALLOCATES A PERCENTAGE OF THE EXPENSE AND RECEIVES REIMBURSEMENT FROM THE RELATED ENTITIES.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.84$150$145$7.97$9.93$1.96
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.38$120$115$3.78$5.74$1.96
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.73$90.9$88.2$0.08$0.70$0.62
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.26$71.0$67.8$0.08$0.27$0.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.75$56.3$52.5$0.08$0.59$0.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.81$41.7$37.8$0.08$0.73$0.65
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.63$34.1$29.5$0.07$1.20$1.13
2016Detailed filing. Detailed filing data is available for this year.$5.74$22.3$16.5$0.63$0.77$0.14
2015Detailed filing. Detailed filing data is available for this year.$6.27$18.8$12.5$0.35$0.93$0.58
2014Detailed filing. Detailed filing data is available for this year.$6.60$15.2$8.61$0.47$1.15$0.67
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.91$10.3$3.40$0.84
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.68$4.36$1.31$1.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.34$2.28$4.06$0.95
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.91$0.83$6.09$0.96