GOOD SAMARITAN HOSPITAL CORVALLIS

EIN: 930391573 501(c)(3) Health Care

CORVALLIS, OR

Total Revenue
$585,148,141
Total Expenses
$603,377,320
Total Assets
$213,051,184
Net Assets
$29,456,885
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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
OR
Principal Officer
LAURA HENNUM
Phone
5417684857
Tax Period
2023-01-01 to 2023-12-31

GOOD SAMARITAN HOSPITAL CORVALLIS, founded in 1948, is a major nonprofit in the Health Care sector that reported $585.1M in total revenue in fiscal year 2023.

Mission

GOOD SAMARITAN HOSPITAL, CORVALLIS (GSH) ACHIEVES ITS MISSION OF IMPROVING THE HEALTH AND WELL BEING OF THE COMMUNITY THROUGH ITS MEDICAL AND SURGICAL HOSPITAL AND HEALTHCARE CLINICS PROVIDING OUTPATIENT CARE SERVICES AT SEVERAL AREA LOCATIONS.GSH IS A MEMBER OF SAMARITAN HEALTH SERVICES (SHS), A REGIONAL NETWORK OF HOSPITALS AND PHYSICIANS. THE NETWORK, FORMED IN THE LATE 1990'S, SERVES APPROXIMATELY 290,000 RESIDENTS IN LINN, BENTON, LINCOLN AND PORTIONS OF POLK AND MARION COUNTIES IN OREGON. IT IS LOCALLY OWNED, AND ITS BOARDS OF DIRECTORS INCLUDE HOSPITAL LEADERS, PHYSICIANS AND COMMUNITY REPRESENTATIVES. THE MISSION OF SHS IS "BUILDING HEALTHIER COMMUNITIES TOGETHER." THE COLLECTIVE VISION OF THE SHS SYSTEM IS TO SERVE OUR COMMUNITIES WITH PRIDE (PASSION, RESPECT, INTEGRITY, DEDICATION, AND EXCELLENCE). SHS SEEKS TO BE THE FIRST CHOICE OF CONSUMERS IN THE REGION AND TO LEAD COLLABORATIVE EFFORTS AMONG THOSE WHO SHARE SIMILAR GOALS.

Program Service Accomplishments

Program 1
Expenses: $551,054,135 Revenue: $578,131,883

GOOD SAMARITAN HOSPITAL CORVALLIS (GSH), THE LARGEST HOSPITAL IN LINN, BENTON AND LINCOLN COUNTIES, OFFERS MORE THAN 22 MEDICAL SPECIALTIES INCLUDING COMPREHENSIVE CANCER CARE, A FULL-SERVICE...

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GOOD SAMARITAN HOSPITAL CORVALLIS (GSH), THE LARGEST HOSPITAL IN LINN, BENTON AND LINCOLN COUNTIES, OFFERS MORE THAN 22 MEDICAL SPECIALTIES INCLUDING COMPREHENSIVE CANCER CARE, A FULL-SERVICE CARDIOLOGY AND VASCULAR SURGERY PROGRAM, NEUROSURGERY AND OTHER REGIONAL SERVICES. GSH HAS MORE THAN 2,500 EMPLOYEES AND 100 VOLUNTEERS SERVING THE MEDICAL NEEDS OF THE COMMUNITY. IT IS LICENSED TO OPERATE 188 BEDS AND IS A 'LEVEL 2' TRAUMA CENTER. DURING 2023, GSH SERVED 8,185 INPATIENTS, HAD 32,772 EMERGENCY DEPARTMENT VISITS, PERFORMED 10,716 SURGERIES AND DELIVERED 892 BABIES. IN ADDITION, GSH PERFORMED 119,186 IMAGING PROCEDURES, AND HAD 266,043 PHYSICIAN CLINIC VISITS.

Program 2
Expenses: $541,856

GRANTS AND ASSISTANCE PROVIDED BY GOOD SAMARITAN HOSPITAL CORVALLIS TO VARIOUS ORGANIZATIONS AND INDIVIDUALS TO SUPPORT THE MEDICAL, DENTAL, MENTAL HEALTH AND OTHER NEEDS OF COMMUNITY MEMBERS...

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GRANTS AND ASSISTANCE PROVIDED BY GOOD SAMARITAN HOSPITAL CORVALLIS TO VARIOUS ORGANIZATIONS AND INDIVIDUALS TO SUPPORT THE MEDICAL, DENTAL, MENTAL HEALTH AND OTHER NEEDS OF COMMUNITY MEMBERS, CONSISTENT WITH PRIORITIES IDENTIFIED IN THE HOSPITAL'S COMMUNITY HEALTH NEEDS ASSESSMENT. SEE PART IX, LINES 1 AND 2 AND RELATED SCHEDULE I FOR MORE DETAILS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,650,452
Program Service Revenue $578,146,106
Investment Income $2,015,044
Other Revenue $3,336,539
TOTAL REVENUE $585,148,141

Expense Breakdown

Grants Paid $541,856
Salaries & Benefits $282,670,996
Fundraising Expenses $0
Program Expenses $551,595,991
Other Expenses $320,164,468
TOTAL EXPENSES $603,377,320

Year-over-Year Comparison

2023 2022 Change
Revenue $585,148,141 $544,838,729 +0.1%
Expenses $603,377,320 $561,916,445 +0.1%
Net Income $-18,229,179 $-17,077,716 +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
11
Independent Members
9
Employees
2723
Volunteers
136

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
6
$1,355,476
Total Directors
11
$20,452
Key Employees
4
$1,145,212
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ABBE MONTGOMERY MD BOARD MEMBER / PHYSICIAN 1.00
Director
$0 $0 $20,452
NANCY SEIFERT BOARD CHAIR 1.00
Officer Director
$0 $0 $0
KELLY GALLAGHER BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
ERIC THOMPSON BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
RICHARD CRONK MD BOARD TREASURER 1.00
Officer Director
$0 $0 $0
JUDY LIST BOARD MEMBER 1.00
Director
$0 $0 $0
CLIFFORD HALL MD BOARD MEMBER 1.00
Director
$0 $0 $0
TIM HENNESSY BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE UERLINGS BOARD MEMBER 1.00
Director
$0 $0 $0
LYLE HUTCHENS BOARD MEMBER 1.00
Director
$0 $0 $0
KATHARINE HARRIS BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL SMITH SVP / CFO 2.00
Officer
$0 $68,167 $747,521
LAURA HENNUM CEO 39.00
Officer
$0 $67,209 $607,955
DOUGLAS AUKERMAN MD CHIEF MEDICAL OFFICER 40.00
Key Emp
$355,535 $67,993 $423,528
BRANDON SCHMIDGALL VP COO 40.00
Key Emp
$245,323 $27,241 $272,564
TIMOTHY EIXENBERGER VP PATIENT CARE SVCS (JAN - MAY '23) 40.00
Key Emp
$206,013 $30,726 $236,739
JOHN BLENKINSOPP VP PATIENT CARE SVCS (START MAY '23) 40.00
Key Emp
$187,162 $25,219 $212,381
WAEL GHACHAM MD PHYSICIAN 40.00
Highest
$1,043,202 $71,105 $1,114,307
JEFF HSING MD PHYSICIAN 40.00
Highest
$957,610 $67,477 $1,025,087
CAY MIERISCH MD PHYSICIAN 40.00
Highest
$932,890 $70,571 $1,003,461
ESTHER KIM MD MEDICAL DIRECTOR 40.00
Highest
$951,621 $45,013 $996,634
JACQUELYN CORLEY MD PHYSICIAN 40.00
Highest
$904,604 $43,953 $948,557
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 No data No data No data No data
2023 $585,148,141 $603,377,320 $213,051,184 $-18,229,179
2022 $544,838,729 $561,916,445 $197,309,997 $-17,077,716
2021 $505,060,018 $496,885,198 $199,269,851 $8,174,820
2020 $468,441,282 $467,134,379 $176,742,940 $1,306,903
2019 $456,648,221 $464,230,929 $181,314,597 $-7,582,708
2018 $435,021,808 $454,930,391 $179,272,599 $-19,908,583
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