St Luke's Regional Medical Center Ltd

EIN: 820161600 501(c)(3) Health Care

Boise, ID

Total Revenue
$2,744,054,005
Total Expenses
$2,573,479,885
Total Assets
$1,955,835,639
Net Assets
$1,490,876,518
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Financial Trends

Organization Details

Formation Year
1906
Legal Domicile
ID
Principal Officer
Chris Roth
Phone
2083812222
Tax Period
2023-10-01 to 2024-09-30

St Luke's Regional Medical Center Ltd, founded in 1906, is a large national nonprofit in the Health Care sector that reported $2.7B in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.6B left a modest 6% surplus.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $676,238,095 Revenue: $1,071,553,899

Medical & Surgical:St. Luke's Regional Medical Center is comprised of three hospital campuses (Boise, Meridian and Elmore in Mountain Home), two urgent care centers (Eagle and Fruitland), a...

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Medical & Surgical:St. Luke's Regional Medical Center is comprised of three hospital campuses (Boise, Meridian and Elmore in Mountain Home), two urgent care centers (Eagle and Fruitland), a free-standing emergency department in Fruitland and physician clinics throughout the Treasure Valley. St. Luke's Boise/Meridian: Founded in 1902, St. Luke's Boise Medical Center in downtown Boise is St. Luke's main tertiary hospital and the home of St. Luke's Children's Hospital. Surrounding the campus are various medical office buildings that SLRMC either is affiliated with or owns substantially all of the available space within. Most of the available space is utilized by employed physicians or leased to other physician practices. St. Luke's Boise has 430 licensed beds as of 2024 and is the largest healthcare facility in the State of Idaho. In 2023, St. Luke's Boise expanded operation of its inpatient rehabilitation unit by doubling capacity to 38 beds, spanning two floors. The hospital is in the midst of an ongoing, significant expansion meant to enhance infrastructure and address the growing demand for healthcare services in the Treasure Valley. Significant components within the project include construction of a north tower, medical office plaza, renovations of existing spaces and significant new equipment. St. Luke's Meridian is a 550,000-square foot facility that opened as an outpatient facility in 1996 and in 2001 expanded into a full-service community hospital. The hospital has 157 licensed beds and is designated as a Level IV Trauma Center; attached to and surrounding St. Luke's Meridian are medical offices, the majority of which SLRMC operates through owned or leased space. Substantially all available space is utilized by employed physicians or leased to other physician practices. In Fiscal Year 2024, St. Luke's Boise and Meridian provided inpatient care for 36,676 admissions and care associated with 1.9 million outpatient visits. St. Luke's Boise and Meridian Medical Centers, St. Luke's cancer centers and all St. Luke's physician clinics in the Treasure Valley have received Magnet recognition, the gold standard for nursing excellence. St. Luke's Elmore: Formerly Elmore Medical Center, the hospital was founded in 1955 and became St. Luke's Elmore Medical Center when it integrated with the health system in 2013. St. Luke's Elmore is a 60,000-square-foot hospital located in Mountain Home, designated by the Centers for Medicare and Medicaid Services as a Critical Access Hospital providing essential healthcare services to a rural community, with 25 licensed beds as of 2024. The hospital provides 24-hour emergency services, lab and imaging services, family birthing suites, inpatient acute care, outpatient clinics and services, respiratory therapy and a long-term care unit. St. Luke's Elmore operates using facilities owned by Elmore Medical Center Hospital District and leased to SLRMC. The hospital is a healthcare option for personnel affiliated with the nearby Air Force Base and provides skilled nursing and rehabilitation care in its long-term care unit, a Medicare-certified skilled nursing facility. In Fiscal Year 2024, St. Luke's Elmore provided inpatient care for 903 admissions and care associated with 76,859 outpatient visits.

Program 2
Expenses: $386,550,476 Revenue: $267,618,199

Pharmacy:St. Luke's Regional Medical Center provides retail pharmacy service in Boise and Meridian, as well as specialty pharmacy. St. Luke's also offers curbside pickup options, and in recent years...

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Pharmacy:St. Luke's Regional Medical Center provides retail pharmacy service in Boise and Meridian, as well as specialty pharmacy. St. Luke's also offers curbside pickup options, and in recent years, has partnered with regional grocery retailer WinCo Foods to offer 24/7 prescription lockers for community members; lockers are stationed at multiple locations in the Treasure Valley. St. Luke's also offers a "Meds to Beds" service through which St. Luke's team members provide outpatient prescriptions to patients at the Boise and Meridian hospitals before they discharge, allowing more after-hours prescriptions to be filled immediately instead of the next day. Pharmacy has been among the health system's most innovative programs; services piloted within the Treasure Valley routinely roll out among additional locations. Significant space within St. Luke's consolidated service center, now under development in Boise, is dedicated to pharmacy operations and use.

Program 3
Expenses: $290,923,594 Revenue: $355,550,541

Oncology:Now known as St. Luke's Cancer Institute, formerly Mountain States Tumor Institute, Idaho's first cancer center opened in 1969. As the region's largest provider of cancer services, St...

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Oncology:Now known as St. Luke's Cancer Institute, formerly Mountain States Tumor Institute, Idaho's first cancer center opened in 1969. As the region's largest provider of cancer services, St. Luke's brings advanced care to thousands of patients every year from five cancer centers in Boise, Fruitland, Meridian, Nampa and Twin Falls. It also provides infusion and other cancer-related services at rural hospitals and clinics in its service area and offers mammography and breast care services at multiple centers and mobile mammography functions. St. Luke's Cancer Institute is a nationally recognized leader in cancer research and home to Idaho's only children's cancer treatment center, only federally sponsored center for hemophilia and only blood cancer center.

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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 $8,651,976
Program Service Revenue $2,655,550,697
Investment Income $68,808,937
Other Revenue $11,042,395
TOTAL REVENUE $2,744,054,005

Expense Breakdown

Grants Paid $4,835,520
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,387,600,482
Other Expenses $2,568,644,365
TOTAL EXPENSES $2,573,479,885

Year-over-Year Comparison

2023 2022 Change
Revenue $2,744,054,005 $2,459,470,450 +0.1%
Expenses $2,573,479,885 $2,372,886,232 +0.1%
Net Income $170,574,120 $86,584,218 +1.0%
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
472

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
0
$0
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
Edward Duckworth MD Physician 40.00
Highest
$0 $42,647 $1,755,407
Gregory Harrison MD Physician 40.00
Highest
$0 $45,670 $1,662,772
Marcos Daccarett MD Physician 40.00
Highest
$0 $50,503 $1,507,384
Derek Martinez MD Physician 40.00
Highest
$0 $48,244 $1,444,397
Jeffry Menzner MD Physician 40.00
Highest
$0 $45,746 $1,433,157
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 $2,744,054,005 $2,573,479,885 $1,955,835,639 $170,574,120
2023 $2,459,470,450 $2,372,886,232 $2,685,695,558 $86,584,218
2022 $2,128,268,022 $2,104,213,601 $2,271,369,638 $24,054,421
2021 $2,073,012,693 $1,872,115,436 $2,290,381,742 $200,897,257
2020 $1,579,844,272 $1,525,326,948 $2,071,331,956 $54,517,324
2019 $1,583,299,159 $1,469,293,963 $1,760,684,668 $114,005,196
2018 $1,451,147,570 $1,410,779,123 $1,628,489,506 $40,368,447
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