St Luke's Magic Valley Regional Medical Center Ltd

EIN: 562570686 501(c)(3) Health Care

Boise, ID

Total Revenue
$575,572,819
Total Expenses
$588,798,198
Total Assets
$325,058,214
Net Assets
$250,034,479
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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
ID
Principal Officer
Chris Roth
Phone
2083812222
Tax Period
2023-10-01 to 2024-09-30

St Luke's Magic Valley Regional Medical Center Ltd, founded in 2006, is a major nonprofit in the Health Care sector that reported $575.6M in total revenue in fiscal year 2023.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $200,870,923 Revenue: $255,138,669

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...

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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.

Program 2
Expenses: $39,788,474 Revenue: $11,530,732

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...

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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.

Program 3
Expenses: $31,881,706 Revenue: $59,683,731

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,014,627
Program Service Revenue $569,305,084
Investment Income $1,322,074
Other Revenue $3,931,034
TOTAL REVENUE $575,572,819

Expense Breakdown

Grants Paid $1,080,322
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $545,689,640
Other Expenses $587,717,876
TOTAL EXPENSES $588,798,198

Year-over-Year Comparison

2023 2022 Change
Revenue $575,572,819 $562,988,066 +0.0%
Expenses $588,798,198 $575,105,839 +0.0%
Net Income $-13,225,379 $-12,117,773 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
13
Employees
N/A
Volunteers
111

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$4,491,030
Total Directors
18
$1,916,339
Key Employees
1
$617,620
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chris Roth President & System CEO 2.00
Officer Director
$0 $60,738 $1,916,339
Andy Scoggin Chair 0.50
Officer Director
$0 $0 $0
Alan Korn MD Director (End 12/2023) 0.50
Director
$0 $0 $0
Bill Gilbert Director 0.50
Director
$0 $0 $0
Bill Whitacre Director 0.50
Director
$0 $0 $0
Bill Ystueta Director (Start 11/2023) 0.50
Director
$0 $0 $0
Bob Lokken Director 0.50
Director
$0 $0 $0
Brigette Bilyeu Director (End 10/2023) 0.50
Director
$0 $0 $0
Dan Krahn Director 0.50
Director
$0 $0 $0
Emily Baker Director 0.50
Director
$0 $0 $0
Jill Twedt Director 0.50
Director
$0 $0 $0
Laura McGeorge MD Director (Start 7/2024) 0.50
Director
$0 $0 $0
Lisa Grow Director 0.50
Director
$0 $0 $0
Lucie DiMaggio MD Director (End 6/2024) 0.50
Director
$0 $0 $0
Mark Durcan Director (End 4/2024) 0.50
Director
$0 $0 $0
Rich Raimondi Director 0.50
Director
$0 $0 $0
Rosa Davila Director 0.50
Director
$0 $0 $0
Tom Corrick Director 0.50
Director
$0 $0 $0
Christine Neuhoff SVP/Chief Legal Officer/Secretary 2.00
Officer
$0 $48,218 $892,450
Sandee Moore Gehrke Hospital Chief Executive Officer 5.00
Officer
$0 $49,699 $887,944
Kathryn Fowler SVP/CFO/Treasurer 2.00
Officer
$0 $25,553 $794,297
Michael Fenello VP, Population Health 30.00
Key Emp
$0 $47,188 $617,620
Jonathan Myers MD Physician 40.00
Highest
$0 $56,664 $637,917
Skyler Shippen MD Physician 40.00
Highest
$0 $34,194 $598,590
Chad Johnson DO Physician 40.00
Highest
$0 $41,180 $581,048
Gregory Ball DO Physician 40.00
Highest
$0 $47,325 $575,341
Matthew Larsen MD Physician 40.00
Highest
$0 $40,871 $569,966
David C Pate MD JD Former CEO & President 0.00
$0 $0 $154,684
Jeffrey S Taylor Former SVP/CFO/Treasurer 0.00
$0 $0 $110,504
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $575,572,819 $588,798,198 $325,058,214 $-13,225,379
2023 $562,988,066 $575,105,839 $304,099,368 $-12,117,773
2022 $539,841,436 $534,537,966 $309,551,019 $5,303,470
2021 $512,365,608 $483,582,589 $303,932,455 $28,783,019
2020 $464,071,544 $440,224,611 $282,576,801 $23,846,933
2019 $446,136,697 $435,064,565 $290,127,908 $11,072,132
2018 $423,447,329 $410,715,784 $301,116,985 $12,731,545
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