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Nonprofit · EIN 36-2167884

ST MARGARETS HEALTH SPRING VALLEY

Tax-exempt · BILLERICA, MA 01821

Financials

$67.7M$77.3M2022
Revenue Expenses · by fiscal year end
Financials of ST MARGARETS HEALTH SPRING VALLEY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2023990$67,729,858$77,297,391-$9,567,533$35,382,436$28,800,778$6,581,658
Financial details: 990 for the year ended September 30, 2023

Revenue

Contributions, gifts and grants
$1,570,752
of which government grants
$1,570,099
Program service revenue
$63,922,944
Investment income
$2,033,135
Net rental income
$203,027
Net gain from sales of assets
$1,873,074
Other revenue
$203,027

Expenses

Grants and similar amounts paid
$9,222
Other salaries and wages
$30,267,106
Salaries, compensation and benefits (total)
$37,266,718
Professional fundraising fees
$0
Legal fees
$1,120,495
Accounting fees
$58,980
Occupancy
$1,399,099
Travel
$59,085
Depreciation
$4,660,283
Program services (functional)
$59,974,720
Management and general (functional)
$17,322,671

Balance sheet and other

Total assets, start of year
$76,016,141
Total assets, end of year
$35,382,436
Total liabilities, end of year
$28,800,778
Net assets, end of year
$6,581,658
Land, buildings and equipment
$24,935,700
Publicly traded securities
$2,384,561
Net assets without donor restrictions
$5,961,081
Net assets with donor restrictions
$620,577
Gross unrelated business income
$561,889
Gross receipts
$73,421,973
Employees
819
Volunteers
1
Year formed
1903
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2023, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Dr Michael Shin MDPhysician
Highest-paid employee
40$1,290,303$0$47,147
Dr Paul Perona MDPhysician
Highest-paid employee
40$983,469$0$68,482
Dr Dale Chilson DOPhysician
Highest-paid employee
40$606,202$0$31,108
Timothy A MuntzPresident & CEO
Trustee or director, Officer
60$0$575,673$55,573
Dr Rahul SampatFamily Medicine
Highest-paid employee
40$487,259$0$67,505
Dr Thaw Tun MDInternal Medicine
Highest-paid employee
40$525,013$0$24,905
Lisa LynchVP of Finance
Officer
60$0$237,738$25,938
Kim SantmanDirector-VP Finance until Feb 2022
Trustee or director, Officer
40.5$0$132,575$6,877
Dr Eric Santos - DirectorMedical Staff Pres-SMH SV
Trustee or director
0.5$0$0$0

Address and contacts

Address (IRS master file)
700 TECHNOLOGY PARK DR STE 212, BILLERICA, MA 01821-4134
Principal officer (990 for 2022)
Timothy A Muntz, 600 East First Street, Spring Valley, IL 61362
Signed the 990
Timothy A Muntz, President & CEO
Phone
(815) 664-2700
Return prepared by
Eide Bailly LLP

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.

990 for the year ended September 30, 2023

Program accomplishments

  • 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

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026Not on file
2023September 30, 2024February 18, 2025Not on file

IRS record

EIN
36-2167884
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Exempt since
1946
Accounting year ends
September
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E220)
Assets (IRS master file)
$35,382,436
Income (IRS master file)
$73,421,973

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2023$67,729,858$77,297,391$35,382,436XML
990-TSeptember 2023–––IRS
990September 2022$94,487,173$98,884,416$76,016,141IRS
990-TSeptember 2022–––IRS
990September 2021–––IRS
990-TSeptember 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-2167884).

Questions about ST MARGARETS HEALTH SPRING VALLEY

What is the EIN of ST MARGARETS HEALTH SPRING VALLEY?
The employer identification number (EIN) of ST MARGARETS HEALTH SPRING VALLEY is 36-2167884.
Is ST MARGARETS HEALTH SPRING VALLEY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
Which annual return does ST MARGARETS HEALTH SPRING VALLEY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ST MARGARETS HEALTH SPRING VALLEY due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ST MARGARETS HEALTH SPRING VALLEY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2023.
Who is the principal officer of ST MARGARETS HEALTH SPRING VALLEY?
The 990 for the year ended September 30, 2023 names Timothy A Muntz.
Who are the officers and directors of ST MARGARETS HEALTH SPRING VALLEY?
The 990 for the year ended September 30, 2023 lists 9 people; 5 received compensation from the organization, the highest $1,290,303 (Dr Michael Shin MD, Physician).
How much revenue does ST MARGARETS HEALTH SPRING VALLEY have?
On its 990 for the year ended September 30, 2023 it reported revenue of $67,729,858, expenses of $77,297,391 and total assets of $35,382,436 at year end.

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