St Lukes Magic Valley Regional Medical Center Ltd EIN 56-2570686

St Lukes Magic Valley Regional Medical Center Ltd

EIN  56-2570686 Hospital Boise, ID Founded 2006
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/4/26 · see original filing: IRS
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Size
$100M+
What they do
Offers healthcare services to the community.
Leadership
Chris Roth · President & System CEO
Money in and out
$575.6M revenue, $588.8M expenses
Bottom line
-2% operating surplus

Offers healthcare services to the community. For fiscal year 2024 it reported $575.6M in revenue, $588.8M in expenses, and $250.0M in net assets.Pt I

Financial scale & money flow · FY2024
Total revenue
$575.6M
Pt VIII · Ln 12
Total expenses
$588.8M
Pt IX · Ln 25
Net assets
$250.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$13.2M
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Operating surplus
-2%
revenue over expenses, this legal entity▼ -7% vs prior filing year
Program spending
93%
of expenses reach program services▲ +5% vs prior filing year
Gift & grant revenue
0%
of revenue from contributions & grants▼ -93% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$575.6M
FY2024▲ +2%
Expenses
$588.8M
FY2024▲ +2%
Total assets
$325.1M
FY2024▲ +7%
Total liabilities
$75.0M
FY2024▲ +52%
Total revenue
$575.6M
Pt VIII · Ln 12
Total expenses
$588.8M
Pt IX · Ln 25
Net assets
$250.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$13.2M
Total assetsPt X · Ln 16$325.1M
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services account for $272.5M of program spending, described in the organization's own filed words · FY2023.
01

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.

$200.9Mprogram expense
02

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.

$39.8Mprogram expense
03

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…

$31.9Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSt Lukes Magic Valley Regional Medical Center Ltd
EINHdr · item D56-2570686
Principal addressHdr · item CBoise, ID
WebsiteHdr · item Jwww.stlukesonline.org
Year of formationHdr · item L2006
State of legal domicileHdr · item MID
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHospitals (E20)
Ruling yearIRS BMFFeb 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President & System CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (end 12/2023)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (start 11/2023)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director (end 10/2023)
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$569.3M · 99%
Other revenue$3.9M · 1%
Program service revenue99%$569.3M
Other revenue1%$3.9M
Contributions & grants$1.0M
Investment income$1.3M
— government grantsLn 1e$143K
Total revenueLn 12$575.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$545.7M
Management & general7%$43.1M
Total functional expensesLn 25$588.8M

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$325.1M
Total liabilitiesLn 26$75.0M
Total net assetsLn 32$250.0M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $588.8M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $545.7M · Total expenses $588.8M
93%
Management & General
Management & general $43.1M · Total expenses $588.8M
7%
Fundraising
Fundraising $0 · Total expenses $588.8M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $721K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.0M · Total revenue $575.6M
0%
Government reliance
Government grants $143K · Total revenue $575.6M
0%
Earned-income share
Program service revenue $569.3M · Total revenue $575.6M
99%
Investment reliance
Investment income $1.3M · Total revenue $575.6M
0%
Program self-sufficiency
Program service revenue $569.3M · Total expenses $588.8M
97%
Growth & trend
Revenue growth (YoY)
This year $575.6M · Prior year $563.0M
+2%
Revenue CAGR
FY2019 $464.1M · FY2023 $575.6M
+6%
Net-asset trend (YoY)
End of year $250.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $575.6M · Expenses $588.8M
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $325.1M
Net-asset ratio
Net assets $250.0M · Total assets $325.1M
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $325.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chris Roth · Reported title President & System CEO · Highest reported compensation $0 · Total expenses $588.8M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $588.8M
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Fundraising cost ratio 0%
Revenue growth 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$8K
Grants paid · 10 grants · $5.0M · 2019–2023

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$575.6M revenue · viewing · ⤓ 990 PDF
FY2023$563.0M revenue · ⤓ 990 PDF
FY2022$539.8M revenue · ⤓ 990 PDF
FY2021$512.4M revenue · ⤓ 990 PDF
FY2020$464.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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