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difference.

making a

Beloit Memorial Hospital’s repor t to the Communit y


differen
making a

Cover photo by Mark Preuschl,


2 Beloit photographer
Beloit memorial hospital annual report
A t Beloit Memorial Hospital, we are committed to making a difference. We see
these positive results in our patient outcomes, read about it in patient satisfaction
surveys, and hear about it in their words of appreciation. However, sometimes it’s
the differences that can’t be seen that make the biggest impact on a community.

We all have family, friends, and neighbors who have benefited from the medical
experts at Beloit Memorial Hospital. Whether they come to us with major health
concerns such as cancer or heart disease, or a smaller medical concern such as a high
fever or broken finger: the people we treat live and raise families in our community.
Our teachers, our business people, our grandmothers, and our preschoolers are the
important people who come to us with their illnesses.

nce.
At this time, we are committed to one of the largest projects we have undertaken
to provide greater access to care for everyone in our community. The $11.6 million
expansion of our Emergency Room will assure that anyone who comes to us in need
will be seen by our board certified emergency room physicians or other highly skilled
staff. We will soon have 16 additional treatment rooms, a larger ambulance garage,
more spacious waiting areas and the improved technology to timely treat your
emergency needs. This is our continuing commitment to you.

In our stateline area, it’s all about making a difference. Whether you have insurance or
not, are on Medicare or Medicaid, or speak English or another language, our job is to
treat you with respect and skill. We want a healthy community for our residents and
our future. Your health is our greatest concern.

G. Curtis Lansbery Gregory K. Britton


Chair, Board of Trustees President & CEO

Beloit memorial hospital annual report 3


Sports Medicine

Cancer Care

Family Care

Differences made for our patients.


From left to right, Lynda Owens, Monty Bosin,
Lindsay Saxton & Landen Reed
and Fran Peterson.
4 Beloit memorial hospital annual report
A healthy community requires a healthy hospital. You can
ER see the difference we make in our community every day.
During a beautiful summer day in downtown Beloit, our past
patients can be seen everywhere at the Farmer’s Market and
other stateline locations. When you need us, we’ll be there.
Residents like Lynda, Monty, Lindsay, baby Landen and Fran
are now enjoying healthier lives due to the quality care they
received at Beloit Memorial Hospital.

Beloit memorial hospital annual report 5


“Being a first-time Mom, I had a
lot of questions. They made me
“The nice part about Beloit’s feel comfortable assuring me
that everything would be OK.
program was instead of going to
Madison for radiation, Madison
came to me. Beloit’s staff were
I received unbelievable care. ”
lindsay saxton & landen reed
South Beloit
warm, welcoming and made it
very comfortable.
lynda owens

Beloit

“They taught me a lot. Not only


how to care for my injury, but
how to prevent one in the future.”
monty bosin
Beloit

6 Beloit memorial hospital annual report


Cancer Care Beloit Memorial Hospital offers local excellence in
Cancer Care, along with the expertise of the University of Wisconsin’s cancer
specialists. Dr. Peter Mahler, M.D, Ph.D., Radiation Oncologist with the
University, is in Beloit every day taking a serious stance against cancer. We
continue to invest in the latest diagnostic and radiation therapy technologies
including PET, MLC, and IMRT equipment. We have the oncologists, surgeons,
“ They made me feel as if I was and comprehensive staff to care for you close to home.
the only one they were taking
Sports Medicine A runner may damage his ACL or a Mom could hurt her
care of in the entire hospital.
shoulder while carrying a busy toddler. Both injuries can be rehabbed through
It was hard to believe I was in effective sports medicine and physical therapy. Pain in your shoulders, neck,

a hospital and not a resort. back, knees and more can be treated successfully, many times without surgery.

fran peterson Beloit Memorial Hospital and NorthPointe have physiatrist Dr. Ken Klein, as well
as a team of physical medicine specialists, to make life less painful.
Beloit
Family Care Almost 700 newborns a year are brought into the world in
our hospital’s Family Care Center. Our four OB/GYN physicians and specially-
trained nurses offer exceptional care to moms, babies, and families who are
there to celebrate a birth. Birthing Education classes are offered and give your
baby the best opportunity for good health. Our new moms love their delivery
experiences at Beloit Memorial Hospital.

ER The $11.6 million expansion and renovation of the hospital’s Emergency


Room is well underway. The three-phase construction plan will enlarge the
number of rooms, add a Fast Track area, create new triage and waiting areas for
greater efficiency, and provide crucial access to healthcare for those who need
it. Our ER is a safety net for those who may otherwise suffer without healthcare.

Beloit memorial hospital annual report 7


Healthy children play and squeal with delight. Friends enjoy
a summer stroll while sharing laughter and experiences. A
picnic table makes a perfect restful stop on a bright, warm day.
These are the day-to-day activities of a healthy community.
Thanks to the medical experts at Beloit Memorial Hospital,
Physical
positive moments like these are made possible for stateline
residents Kory, Peg, Joan and Sarah. These patients overcame
both small and major hurdles to return to active, productive
and enjoyable lives.

8 Beloit memorial hospital annual report


Cancer Care
& Occupational Therapy Cardiology

Rehabilitation

Differences made for our patients.


From left to right, Stephanie & Kory Hansen,
Peg Wall, Joan Bocian and Sarah Slawson.
Beloit memorial hospital annual report 9
Physical & occupational therapy The Physical Medicine
departments of Beloit Memorial Hospital and NorthPointe include
“Kory had brain surgery
last March and requires
specialists in Physical and Occupational Medicines, as well as Speech
and Hearing experts. They are there to keep you living an active and Occupational and
fulfilling life. They create a plan to heal your condition and prevent
Physical Therapy here
further problems. Both adults and children may sometimes need
help to restore optimal function. Get help when you need it and feel at Beloit. He is doing
confident that your recovery is in the best of hands.
wonderfully and the
REHABILITATON Beloit Memorial Hospital offers outpatient and progress he’s made
inpatient rehabilitation for those recovering from injuries or surgeries.
speaks for the quality

Our Joint Journey program helps patients prepare and recover from
total joint replacement surgery which may require a few days of of the program.
inpatient physical therapy before you are strong enough to return
stephanie hansen
home. Your quality of life is important to us.
(regarding son kory’s experience)
Beloit
CARDIOLOGY Whether you’re receiving a Stateline HeartCheck
cardiac CT scan of your heart, requiring cardiac bypass surgery, or
undergoing an endovascular Abdominal Aortic Aneurysm procedure,
Beloit Memorial Hospital has the expertise and technology to keep
your heart healthy. Beloit Cardiologists Dr. Egbujiobi, Dr. Taveras and
Dr. Thomas join efforts with heart associates from Milwaukee and
Rockford to comprise our heart team. They are dedicated to your heart
health now and into the future.

10 Beloit memorial hospital annual report


“It’s the little things that make a
big difference and those are the
things you look for in a hospital.
And the things you find at Beloit. ”
joan bocian
Roscoe

“People don’t know how good


Beloit Memorial Hospital is.
I always let people know that
I’ve been to many hospitals
and it is the cleanest, best

operating hospital around.
peg wall
Beloit “Iradiation
wanted to have my Cancer
treatments close to
home. Dr. Mahler and his staff
went out of their way to make
everything easier for me. They
couldn’t have been nicer. ”
sarah slawson
Roscoe

Beloit memorial hospital annual report 11


Leadership
2009 Board of Trustees 2009 Volunteer Board 2009 Administration Mardell Jacobsen
G. Curtis Lansbery Marietta Axmear Gregory K. Britton Director of Medical Imaging
Chair President President and CEO Gus Larson
Gregory K. Britton Dick Johnson Timothy M. McKevett Director of NorthPointe Campus
Vice Chair Vice President Senior Vice President Diane Lux
Bruce D. Lans Joycelyn Ramsden Leland J. From, M.D. Director of Health Information
Treasurer Secretary Vice President Management
H. Jack Warner Nancy Schroer Doris R. Mulder Mary Marino
Secretary Treasurer Vice President Director of Multi-Care/Special Care
Larry Ojeda, M.D. Les Schroeder Gregory Ammon Gregory McQueary
Medical Staff President Assistant Treasurer Director of Counseling Care/ Director of Outreach and
Richard Barney, M.D. Arnie Lee Patient & Family Services Occupational Health Services
Steven M. Eldred Past President Kristinn Armann Craig Mellem
James B. Fisher Linda Lynch Director of Human Resources Director of Information Systems/
Thomas J. Gilbank VIP Coordinator Lawrence Bergen Biomedical Engineering
Diane Hendricks Eva Arnold Director of Cardiovascular Services Frieda Pulkowski
Kenneth Klein, M.D. Lucille Braden Melinda Brancamp Director of Riverside &
James L. Packard Betty Jo Bussie Director of Family Care Center NorthPointe Terrace
Bonnie D. Wetter Maxine Givhan Patricia Brock Julie Riese
William A. Bolgrien Joan Guetschow Director of Pharmacy Director of GI/Medical Outpatient/
Attorney Betty Johnston Michael Bua Patient Satisfaction
Eleanor Morse Director of Financial Services Gregory Scalise
2008 Foundation Board Judith Cramer Director of Materials Management/
Darlene Nelson
Jerome Elliott Jane Threinen Director of Education/Dialysis Central Services
Chair Laurie Endres Roberta Schmidt
Bob Woodard
Thomas J. Finley Director of Physical Medicine Director of At-Home Healthcare
Vice Chair Roma York
Shirley Fischer Jeanette Yowler
Prudence A. Harker Director of Surgical Services Director of Critical Care/
Secretary/Treasurer Gregory Gaul Intermediate/Emergency Services
Eva Arnold Director of Facilities
Gregory K. Britton Terri Harmon
Dennis M. Conerton Director of Nursing Supervisors/
Dan DeLong Float Pool/IP Rehabilitation/OP
Jerome Klobucar Enterostomal/Urology
R. Thomas Nightingale Jane Hogan
Dale Reeves Director of Laboratory Services/
W. John Rieker, M.D. Pulmonary Care/EEG
Dail Shepherd, R.N. Patricia Huebschen
Director of Quality and Risk
Ann N. Sitrick, CFRE
Executive Director Management

12 Beloit memorial hospital annual report


2009 Medical Professionals
Allergy Eric P. Vraa, M.D. Internal Medicine Otolaryngology Rheumatology
Amelia R. Rojas, M.D. Shawn P. Wilson, M.D. Muhammad J. Akbar, M.D. (Ear, Nose and Throat) Dimitrios I.
William M. Jong M. Lee, M.D. Fanopoulos, M.D.
Anesthesiology Endocrinology Matthew Sdano, M.D.
Fitzgerald II, M.D.
Steven S. Choung, M.D. Richard Weirich, M.D. Leland J. From, M.D.
Sports Medicine
Mohammed J. Pathology Kenneth L. Klein, M.D.
Eye Surgery Kenneth I. Gold, M.D. Cris P. Myers, M.D.
Mohiuddin, M.D. Ajmal A. Matloob, M.D.
Mario Rojas, M.D. G. Thomas Jones, M.D. W. John Rieker, M.D.
Yon Doo Ough, M.D. Stephen R. Rudisill, M.D.
Alice M. Townshend, M.D. Ronald L. Kodras, M.D.
Jimson C. Tse, M.D. Robert R. Lisek, M.D. Pediatrics Surgery
Hailong Wang, M.D. Family Practice
Cheryl M. Miller, M.D. Gary B. Adamski, M.D. Karin A. Blumofe, M.D.
Shamshad A. Anjum, M.D. Jane E. Fossum, M.D. Pierre S. Charles, Jr., M.D.
Cardiology Pawel Olszewski, M.D.
Marek S. Bentkowski, M.D. Christopher C. Nader I. Salti, M.D.
Tanvir K. Bajwa, M.D. Tejas B. Patel, M.D.
Joseph A. Besso, Jr., M.D. Gianvecchio, M.D.
Leo C. Egbujiobi, M.D. Annabelle Tolentino, M.D.
Margaret M. Goetzen, M.D. Abraham R. Rodriguez, M.D.
Thoracic Surgery
Maria E. Taveras, M.D. Karin A. Blumofe, M.D.
Eugene A. Gonzales, M.D. Nephrology
Sara A. Zibert, M.D.
Nadine L. Thomas, M.D. Mashood Ahmad, M.D. Pierre S. Charles, Jr., M.D.
Shelly L. Johnsen, M.D.
Cardiothoracic Surgery Kathleen M. Joanna Niemiec, M.D. Physical Medicine & Rehabilitation
Urology
Peter Marks, M.D. Klespis-Wick, M.D. David L. Wright, M.D. (Physiatry)
Kenneth L. Klein, M.D. Michael A. Donnelly, D.O.
Jonas Y. Lee, M.D. Neurology Larry M. Ojeda, M.D.
Dermatology/
Andrea I. Martonffy, M.D. Krzysztof Goetzen, M.D. Podiatry
Dermatological Surgery
Tejesh N. Patel, M.D. Vascular Surgery
Paul M. Segal, M.D. Rodrigo R. Merino, M.D. Charles F. Kind, D.P.M.
Enrique F. Perez, M.D. Lisa Garcia-Reinicke, D.P.M. Karin A. Blumofe, M.D.
Ear, Nose & Throat Karen A. Reed, M.D. Obstetrics & Gynecology Robert M. Sage, D.P.M. Pierre S. Charles, Jr., M.D.
Jong M. Lee, M.D. Stephen R. Rudisill, M.D. Russell D. Albert, M.D.
Matthew Sdano, M.D. Christel Tecarro, M.D. David R. Bhaskar, M.D. Psychiatry
Jack-Ky Wang, M.D. KeriLynn Loftus, M.D. Maria-Maria Anleu, M.D.
Emergency Medicine Jennifer Bleak, M.D.
Glenn Anthony Tan, M.D.
Thanh Andreakos, M.D. Gastroenterology Nancy Wilson, M.D.
Richard N. Barney, M.D. Eric Eisenberg, M.D. Oncology/Hematology
Michael V. Coogan, M.D. John F. Johanson, M.D Walter C. Vogel, M.D. Pulmonology
Steven E. Diebold, M.D. Tsu-Hon Wang, M.D. Sushrut Patel, M.D.
Ophthalmology
Thomas E. Duffy, M.D. Radiation/Oncology
Hospitalist Mario Rojas, M.D.
Michael P. Ejercito, M.D. Peter Mahler, M.D., Ph.D.
Shawn Antle, M.D. Alice M. Townshend, M.D.
James K. Frey, M.D.
Thomas J. James, M.D. Radiology
Mark S. Gibson, M.D. Orthopedic Surgery
Carolyn A. Lamonica, M.D. Bilal A. Ahmed, M.D.
Franz A. Keilhauer, M.D. Emmy Ho, M.D.
Sheree M. Lauth, M.D. George Cherian, M.D.
John J. Maher, M.D. Leighton Johnson, M.D.
Victor O. Mensah, M.D. James L. Hatch, M.D.
David P. Matthews, M.D. Ajmal A. Matloob, M.D.
James C. McGrogan, M.D. Immunology Miguel A. Jimenez, M.D.
Non-Surgical Orthopaedics Marlen F. Junck, M.D.
Richard E. Radak, M.D. Amelia R. Rojas, M.D.
Kenneth L. Klein, M.D. Thomas J. Lisk, M.D.
Warren E. Tripp, M.D.
Alan S. Wagner, M.D.

Beloit memorial hospital annual report 13


TRUSTEES
Incorporators Trustees Past John A. McKay Administrators
William A. Bolgrien * Joanne C. Acomb + Thomas McKie Roy A. Colwell
+ Mark J. Finnegan + John L. Babb, M.D. +* Edwin C. Mecklenburg Administrator,
Thomas M. Jones John Bennett + Clayton Meyer 1963-1972
+ Arthur B. Loft Clyde Boutelle Joseph Moen + Virgil J. Waelti
+ Edwin C. Mecklenburg * Robert Burress + John F. Morgan Administrator,
+ Janet K. Olson + Kenneth Chamberlain Jean Neese 1972-1984
+ Laurence A. Raymer + Faith Christiansen Robert Neese Michael E. Rindler
+ Robert H. Solem + Robert Cox Rita M. Nuciforo President & CEO,
+ Delmar DeLong Lester Nystrom 1984-1989
2008 Trustees + William DeLong Evelyn Odell Gregory K. Britton
Richard Barney, M.D. * John M. Eldred + Janet K. Olson President & CEO,
Gregory K. Britton + Mark J. Finnegan +* Gary E. Pierce 1989-Present
Steven M. Eldred Leland J. From, M.D. + Arthur Potts, D.D.S.
James B. Fisher Leroy Gust + Laurence A. Raymer
Thomas J. Gilbank * Peter H. Halverson John Redgrave
Diane Hendricks Robert C. Harris Michael E. Rindler
Kenneth Klein, M.D. * Charles Hart + Joseph Saladino
Bruce D. Lans + Everett Haskell + Wayne Schmale
G. Curtis Lansbery G. Thomas Jones, M.D. + Maurice Schuster
James L. Packard * Thomas M. Jones + Robert H. Solem
H. Jack Warner Robert July * Ted T. Stevenson
Bonnie D. Wetter + Kevin J. Keenan + Adeline Strong
Walter R. Knight * Robert E. Tilley
+* Bertram B. Lans Richard Walsh
+* Mary Leindorf + Robert Washburn
+ Arthur B. Loft + W.E. (Ed) Watson
+ Paul Luety + Dorothy Waxler
+ Gil Matthews, M.D.

14 Beloit memorial hospital annual report


2008 financial information
Revenue
Free
Patient . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $262,553,682 Other $0.4 Community
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6,516,876 $21.1 Contractual Services
Adjustments
TOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $269,070,558
Less: Amounts Not Reimbursed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(154,927,919)
NET REVENUE RECEIVED . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $114,142,639
Payor Source
Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.2% $18.7 Charity
Bad Debt
Care/
Medicare . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46.8%
Medical Assistance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.4% $87.1 Medicare
Losses
Other Sources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.6%
TOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0%
Expenses
Salaries & Fringe Benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $63,644,868
Supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $17,388,452 $28.0 Medicaid
Losses
Purchased Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $17,134,506
Building Costs
(Depreciation, Interest & Utilities) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $13,218,810
$155.3
Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $585,147
million total
TOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $111,971,783
Excess of Revenue Over Expenses 2008 Uncompensated Services and Other
(Physical Plant & Technology Improvements) . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,170,856 Community Benefits Provided by the Hospital
FUND BALANCE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $44,411,647 (in millions of dollars)

Statistics
Number of Beds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105
Inpatient Admissions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,047 Beloit Memorial Hospital’s management is responsible for the integrity and
Patient Days . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,076 objectivity of all financial information included in this Annual Report. The
Average Length of Stay . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.37 Hospital’s financial statements have been prepared in accordance with
Outpatient Procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 483,080
Emergency Room Visits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34,485 generally accepted accounting principles, and include amounts that are based
Laboratory Tests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 405,386 on the best estimates and judgements of management. Wipfli has audited the
Surgical Procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,376 Hospital’s financial statements and has expressed their unqualified opinion.
Ambulatory Care Procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,371
Occupational Health Visits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,104 Beloit Memorial Hospital does not use Wipfli for consulting projects, only for
Patient Meals Served . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69,109 auditing their financial statements.
Volunteer Hours . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43,806

Gregory K. Britton
President & CEO

Beloit memorial hospital annual report 15


differ
donors make the

16 Beloit memorial hospital foundation report


beloit memorial hospital foundation
For over 20 years, donors to Beloit Memorial Hospital
Foundation have been making a real difference in our
community. Their gifts have both changed and saved
lives. It is a privilege to recognize and thank them for the

rence.
difference each has made in the lives of our patients.

Beloit memorial hospital foundation report 17


For more than 20 years, donors to Beloit Memorial Hospital Foundation
have been the critical link in making a major difference in healthcare
services for stateline area residents, and 2008 was no exception.
The Foundation received $561,534 in gifts and contributions thanks
to the generosity of individuals, businesses, civic groups, service
organizations and charitable foundations. The annual Pro-Am Golf
Tournament generated $137,000 in support of our new Emergency
Room, and our wonderful Volunteers in Partnership made a significant
contribution of $125,000 to the GI Suite remodeling. Thanks to so many
caring individuals, the Foundation was able to distribute $435,536
to Beloit Memorial Hospital in support of more than 27 key hospital
programs and services.
We are very grateful to all of our donors for their tremendous support,
especially in these challenging times. Clearly, it is our donors who make 2008 BOARD OF DIRECTORS
the real difference in our community. Each gift reflects the donor’s Jerome Elliott, Chair
Thomas J. Finley, Vice Chair
personal commitment to stateline residents to ensure immediate access Prudence A. Harker, Secretary/ Treasurer
to excellent, local healthcare. Eva Arnold
Gregory K. Britton
On behalf of all of the patients and families who were helped by your Dennis M. Conerton
Dan DeLong
generosity in 2008, we extend a very sincere Thank You!
Jerome Klobucar
R. Thomas Nightingale
Dale Reeves
W. John Rieker, M.D.

the foundation
Jerome Elliott Ann N. Sitrick, CFRE Dail Shepherd, R.N.
Chair Executive Director Ann N. Sitrick, CFRE, Executive Director

18 Beloit memorial hospital foundation report


THE OLYMPIAN SOCIETY
in the past 5 years, the foundation has contributed $2,350,920 to beloit memorial hospital
John Morse Endowment Fairbanks Morse Engine Division/ Mr. & Mrs. William Lans Mr. & Mrs. David Bolen Mrs. Jane Hogan Jean S. Neese
Society Goodrich Corporation Mr. & Mrs. G. Curtis Lansbery Mr. & Mrs. William A. Bolgrien Homecare Pharmacy, LLC Mr. & Mrs. Tom Nightingale
Donors who have included Beloit First National Bank & Trust Co. The Estate of Margaret Lewis Dr. Robert Braco Trish & Don Huebschen North American Tool Corporation
Memorial Hospital in their estate JP Cullen & Sons, Inc. Litton Industrial Automation Breast Cancer Shoot-Out Dr. Roger E. Huizenga Dr. & Mrs. Larry M. Ojeda
planning via bequests, insurance, Mr. & Mrs. William Keefer Systems Bud Weiser Motors, Inc. Ideal Concrete Products, Inc. Dr. & Mrs. Yon D. Ough
trusts, etc. M & I Bank The Estate of Marie Mielke Care Fusion, Inc. Charmaine & Philip Ireland Mr. & Mrs. Samuel E. Paddock
Mrs. Allan W. Adams The Estate of Horace B. Magee Plunkett Raysich Architects CED/Lappin Electric Dr. & Mrs. Miguel A. Jimenez Paperchine, Inc.
Ms. Vonnie Adams Mr. & Mrs. E.J. McCleary Mr. & Mrs. Michael Rindler Ceroni Piping Co. Mr. & Mrs. Jeffrey J. Johnson Mr. & Mrs. Gary Pierce
Beloit Memorial Hospital Auxiliary McCleary Industries Mr. Maurice Schuster Dr. & Mrs. Steven S. Choung Dr. G. Thomas Jones Dr. & Mrs. William A. Pruett
Beloit Radiology, Ltd. Mr. & Mrs. Harry C. Moore The Estate of Anne M. Smiljanich Mr. Casey C. Christofferson JPC Foundation Dr. W. John Rieker
Dr. Susan Behrens The Neese Family Foundation, Inc. Southern Wisconsin Emergency Corporate Contractors, Inc. Dr. & Mrs. James L. Keller Robert W. Baird & Co. Incorporated
Mr. & Mrs. James L. Packard Associates, SC Mr. & Mrs. David Cullen Mr. & Mrs. Roger A. Kemman The Estate of Clara S. Robinson
Mr. John Bennett
Mel & Mary Palmer Trust The Taylor Company Mr. & Mrs. Erik Dahlberg Dr. & Mrs. Kenneth L. Klein Rockford Forms & Graphics
Mr. & Mrs. David Bolen
The John M. Perrigo Family Tricor Inc. Mrs. Audrey Danocup Dr. Kathleen & Paul Klespis-Wick Rogers Development
Mr. & Mrs. Gregory K. Britton
Regal Beloit Corporation Dr. Allen O. Tuftee Delta Medical Systems Mr. & Mrs. Fred G. Klett Ryeco, Inc.
Mr. & Mrs. Robert Burress
Mr. & Mrs. Arthur Shogren Mr. & Mrs. W.E. Watson Dr. Kevin Derus Klobucar Construction Mr. & Mrs. Daniel S. Savage
Dr. & Mrs. Kenneth Gold
Mr. Robert Solem Dr. Steven E. Diebold Mr. & Mrs. Henry Knueppel Mr. Gregory A. Scalise
Mr. & Mrs. Charles H. Harker
Warner Electric Foundation President’s Club The Estate of Ethyl Donaldson Mr. & Mrs. Dwight L. Kruse Dr. & Mrs. Walter A. Scholten
Mr. & Mrs. Ward Haselhorst
Donors who have contributed gifts Dr. & Mrs. Michael Donnelly Mr. & Mrs. Leroy M. Kubsh Mr. & Mrs. Peter C. Schreiber
Dr. Leighton Javid
Keystone Olympian Society between $5,000 and $24,999. Dr. Gerald Druckrey Mr. & Mrs. Thomas J. Lang Schumacher Elevator Company
Dr. Miguel Jimenez
Donors who have contributed gifts Mr. & Mrs. B. P. Eldred Dr. Joel Lans Dr. & Mrs. Robert R. Schwaegler
Dr. Marlen Junck Mr. & Mrs. John Acomb
between $25,000 and $99,999. Mr. & Mrs. Steven M. Eldred Mr. Samuel Lans Smith Barney
Mr. & Mrs. Fred Klett Dr. Russell & Lisa Albert Dr. & Mrs. Bradford Eneix Mr. Scott Lans Smurfit-Stone Container
Mr. & Mrs. William Knapton Mr. & Mrs. Allan W. Adams Alcon Dr. & Mrs. Steven J. Fass William Lans Sons Co. Corporation
Mr. & Mrs. Bertram B. Lans The Arthur B. Adams Family Amicas First Federal Savings Bank Mr. & Mrs. Philip Larson Mr. & Mrs. Ron Starmer
Mr. Bruce D. Lans Alliant Energy Foundation Amp Electric Dr. Jane E. Fossum Dr. & Mrs. Jong M. Lee Stateline Anesthesiologists, S.C.
Mr. Curtis Lansbery Susan Anderson & Charles Wilson Anonymous Frank Beer Distributors The Estate of Robert T. Lewis Mr. & Mrs. Theodore T. Stevenson
Dr. Thomas Lisk The Estate of Dorothy Ascher Dr. & Mrs. John Babb Dr. & Mrs. Jordon Frank Dr. & Mrs. James P. Long Mr. & Mrs. Roger Taylor
Mr. Timothy McKevett Mrs. Elgeva Bacon Dr. Richard N. Barney Mr. & Mrs. John Franz M & I Weath Management Trane-Wisconsin
Mr. & Mrs. Harry C. Moore Beloit Radiology, LTD Mr. & Mrs. Robert Beagley Mrs. Katharine Freeman Dr. & Mrs. John J. Maher Dr. Warren E. Tripp
Mr. & Mrs. Michael Rindler Blackhawk Bank Mr. William Behling Dr. & Mrs. James K. Frey Dr. & Mrs. Timothy A. Manning U.S. Cellular
Mr. & Mrs. Peter C. Schreiber Mr. & Mrs. Gregory K. Britton Dr. Susan F. Behrens Dr. & Mrs. Leland J. From Mr. John Mauermann Universal Foods Corp.
Mrs. Arthur Shogren Mr. & Mrs. Robert C. Burress & Mr. David M. Look GE Medical Systems Mr. John Mayer Universal Hospital Services, Inc.
Ms. Ann N. Sitrick Dr. & Mrs. David K Criswell Beloit Box Board Co., Inc. Arthur & Lela Gibbs Trust Mr. & Mrs. Timothy M. McKevett Virchow Krause & Co.
Mr. & Mrs. Ron Starmer Dr. & Mrs. Leo Egbujiobi Beloit Clinic, S.C. Gilbank Construction, Inc. Mechanical Contractors, Inc. Dr. & Mrs. Walter Vogel
Mrs. Betty Steuck Mr. & Mrs. John Eldred Beloit Daily News Thomas J. Gilbank Mercer, Inc. von Briesen & Roper, S.C.
Mr. & Mrs. Roger Taylor Mr. & Mrs. John Fisher Beloit Memorial Hospital Dr. & Mrs. Kenneth Gold Michael Best & Friedrich LLP Mr. & Mrs. Jack Warner
The Goodwick Family Employees Mrs. Virginia Gorychka Mid-States Concrete Products, Inc. Mrs. Susan Welty Trust
Lifetime Olympian Society Dr. Tamara Hagen Beloit Memorial Hospital Hall, Render, Killian, Heath & Dr. & Mrs. James R. Miller Mr. & Mrs. John Wetter
Donors who have contributed gifts Mr. & Mrs. Peter C. Halverson Medical Staff Lyman, P.S.C. The Estate of Arthur Missner Mr. & Mrs. Laurie D. Wicks
of $100,000 and over. Mr. & Mrs. Charles H. Harker Beloit Noon Lions Club Halverson Flooring Center Dr. Mohammed J. Mohiuddin Dr. Shawn Wilson
ABC Supply Co., Inc. Mr. & Mrs. Charles W. Hart Mr. John T. Bennett Mr. & Mrs. Charles V. Harker Mr. & Mrs. John Morgan Wisconsin Bell
Beloit Corporation Kerry Americas Dr. & Mrs. Paul Bennett Mr. & Mrs. Robert C. Harris Mr. & Mrs. Charles J. Mueller Mr. & Mrs. Tony Wojcik
Beloit Foundation Inc. Mr. & Mrs. Bertram B. Lans Larry Bergen, Ph.D. Hart Road Pathology, S.C. Mr. & Mrs. Bruce Mulder Dr. & Mrs. George Woodington
Beloit Memorial Hospital Mr. Bruce D. Lans Mr. & Mrs. Gerald J. Berres Mr. & Mrs. Ward Haselhorst Neese Advisory Services
Volunteers in Partnership Mrs. Elaine Lans Besly Cutting Tools, Inc. Dr. & Mrs. William M. Hebble Mr. & Mrs. E. H. Neese
Mrs. Frances Carter Mr. Scott Lans Blue Cross Blue Shield United of WI Henneman Engineering Inc. Mr. Gordon Neese

Beloit memorial hospital foundation report 19


foundation donors
Patron Beloit Memorial Hospital Mr. Lon Neese Blackhawk Community Mike Fogle Kronos
($25,000 +) Employees Norstar Mechanical Industries Credit Union Foley Electric, Inc. Carol A. Krup
Beloit Radiology, LTD North American Tool Corporation Jennifer Bleak Dr. Jane E. Fossum Mr. & Mrs. Dwight L. Kruse
Beloit Memorial Hospital
Blackhawk Bank Mr. & Mrs. James L. Packard Eugene J. Bohrnstedt Frank Beer Distributors Keith G. Kruse
Volunteers in Partnership
Joan T. Bocian Power Wellness Management, LLC Melinda Brancamp Dr. & Mrs. Leland J. From Richard La Barbara
The Estate of William Keefer
Mr. & Mrs. David Bolen Prudential Foundation Linda Brewster Gary S. Fry Thomas J. Lang
Bruce Lans
Mr. & Mrs. Gregory K. Britton The Rehab Documentation Brill Jewelers Gateway Realtors Mr. & Mrs. G. C. Lansbery
Elaine Lans
Bud Weiser Motors, Inc. Company, Inc. Wesley & Sonja Brill Linda K. Genovese Gus Larson
Scott Lans
Care Fusion, Inc. Rockford Forms & Graphics Lillian Brown Dr. Keith Gibson Donald LaShelle
Peggy Lewis Trust
Leon O. Carpenter RSM McGladrey Bryden Motors Dr. & Mrs. Kenneth Gold Al Lawver
Mel & Mary Palmer Trust
Ceroni Piping Co. Dr. Walter A. Scholten Mr. & Mrs. Robert C. Burress Joyce Haight Terence P. Leahy
Core Creative, Inc. Schumacher Elevator Company Ruth C. Campbell Halverson Flooring Arnie Lee
Benefactor Corporate Contractors Southern Wisconsin Emergency Karrie A. Caples Steven L. Hammill Roland Lewis
($10,000-$24,999)
Dr. & Mrs. David Criswell Associates, SC CED/Lappin Electric Elizabeth L. Harris Helen R. Link
Delta Medical Systems Dr. & Mrs. Leo Egbujiobi Dennis Staaland Century 21 Mr. & Mrs. Robert C. Harris Thomas J. Lisk
Robert T. Lewis Family Trust Fairbanks Morse Engine Toepfer Security Corporation George Cherian Mr. & Mrs. Charles W. Hart Lawrence B. Lynch
Ruth E. Vogel Estate Flad Architects Dr. Allen O. Tuftee Donald Christians Charles W. Hart II M & I Bank
Mrs. Katharine Freeman U.S. Cellular Mr. Casey C. Christofferson Hart Road Pathology, S.C. Madison Environmental
Friend Arthur & Lela Gibbs Trust Peggy J. Wall Cimino & Associates, Inc. RayAnn E. Hatley Resourcing, Inc.
($5,000-$9,999) Thomas J. Gilbank H. Jack Warner Carol Clint Diane Hendricks Mr. Scott Markley
Grumman / Butkus Associates Dennis Conerton Henneman Engineering Inc. William L. McConnell
Amicas
Guenther Electric, Inc. Contributor Corey Goodwick Memorial Dale Hjerpe Sylvia McMahon
First National Bank & Trust Co.
Hall, Render, Killian, Heath & ($100-$999) Golf Open Mrs. Jane Hogan Greg McQueary
JP Cullen & Sons, Inc.
Lyman, P.S.C. Country Glass, Inc. Homecare Pharmacy, LLC MedHost Inc.
Kerry Americas Ms. Vonnie Adams
Hendricks Commercial Judy Cramer Dr. Roger E. Huizenga Craig L. Mellem
Klobucar Construction Dr. & Mrs. Russell D. Albert
Properties, LLC Joy Curry Helen E. Huntington Mercer, Inc.
Plunkett Raysich Architects Alcoa Wheel Products
Ikon Office Solutions Erik Dahlberg Iatric Systems, Inc. Robert J. Metzger
Regal Beloit Corporation Alongi Santas Insurance Agency,
Dr. & Mrs. Miguel A. Jimenez Richard De Angelo InstyMeds Corp Marlene Meyer
Tricor Inc. Inc.
Kenneth F. Kaplan DeGarmo Plumbing, Inc. Charmaine & Philip Ireland Marcia Miller
Dr. Maria-Maria Anleu
Mr. & Mrs. Fred G. Klett Karen E. DeRiggi Nancy L. Jacobs Morse Electric, Inc.
Supporter Mr. & Mrs. Henry Knueppel
Associated Collectors, Inc.
Michael Donnelly Mardell E. Jacobsen Neese Advisory Services
($1,000-$4,999) John M. Avampato
M & I Weath Management Thomas M. Donnelly Mr. & Mrs. Jeffrey J. Johnson Jean S. Neese
Al Bach
ABC Supply Co., Inc. James F. McConnell Cheri A. Douglas Sandra L. Johnson Jess C. Nelson
James L. Bacus
Alliant Energy Foundation Robert & Jean McConnell Dr. Gerald Druckrey Paul Jones Tom & Kay Nightingale
Ballard Companies, Inc.
AmerisourceBergen Services Randy McIntyre Jerry & Carol Elliott James Kelley O-At-KA Milk Products
David Barta
Corporation Mr. & Mrs. Timothy M. McKevett Laurie Endres Lynnette Kepplinger Cooperative, Inc.
Rick Bastian
Angus Young Associates Architects Mechanical Contractors, Inc. Kent D. Eymann Bruce A. Kind Ryan, Malinda & Zachary Obershaw
William Behling
Engineers Michael Best & Friedrich LLP Leonard W. Faralli Lynn M. King Dr. & Mrs. Larry M. Ojeda
Beloit Daily News
Anonymous Mid-States Concrete Products, Inc. Deanna Feuerstein Kenneth L. Klein Jim Packard
Deidre A. Bennett
Arnold & O’Sheridan, Inc. Mohammed J. Mohiuddin Tom & Kim Finley Dr. Kathleen M. Klespis-Wick Mr. & Mrs. Samuel E. Paddock
Mr. John T. Bennett
Associated Foot & Ankle Clinic S.C. Mr. & Mrs. Charles J. Mueller Finley-Dencker Buick Pontiac GMC Jerry & Kris Klobucar Paperchine, Inc.
Berbee
AT&T Global Services Mrs. & Mr. Doris Mulder Mrs. Shirley Fischer Teresa Korbol John Patch
Dr. Joseph A. Besso
Beloit Clinic, S.C. Mr. Gordon Neese James B. Fisher Kranz Inc. Lora G. Plude
Ritu Bhargava

20 Beloit memorial hospital foundation report


from 2004-2008, contributions from our Volunteers in Partnership (VIPs) totaled $627,850

Bonnie J. Pody Charles L. Westerholm Dawn Clifton Trish Huebschen Betsy A. Morris Joan F. Stanley
Timothy M. Prete Bonnie & John Wetter Jeanne E. Cole Mary Jean Huelsbeck Phyllis Morris Sarah Starmer
Frieda Pulkowski Gerald & Mary Ann White Sharon K. Cox Jean Jason Eleanor E. Morse E.F. Stier
Brian Rappel WIPFLI Ullrich Bertelson, LLP David Cullen Winifred E. Jentz Theresa A. Mullvain Kerri & Tom Sweeney
Lisa Reinicke John Wong Bridget Cuyler Candy Johnson Roxanne Murwin Sylvan Learning Center
Rhead Construction Nicole Yoss Sandra L. Day Lisa K. Johnson Donald F. Nena Melissa A. Tallman
Andrea E. Richter Jeannie Yowler Bob DiFelice Mary Sheila Johnson Diane M. Nevel Patricia Terrill
Candace L. Ridlbauer Lois Zuehlke Cindy Dionysius Susan G. Johnson Kathryn L. Nilson Sharon Kay Thom
Bonita M. Rogers Richard M. Doub Connie Jones Lester A. Nystrom Lisa J. Thompson
Pam A. Ruegger Associate Dennis J. Draksler Bobbie Kas Peter Osman David J. Tracey
Ryeco, Inc. (up to $100) Klement Draksler Tangi Kasch Lois Papesh Carrie L. Tracy
Mr. & Mrs. Daniel S. Savage George Durnford Carol J. Katroscik Michael Pellegrino Stacy L. Triplett
Diane Ambrose
Janice I. Schefelker Janet Easland Ray Kent Joy A. Peterson Amanda Tyrrell
Greg Ammon
Harry M. Schermerhorn David F. Eckhardt Barbara A. Kienbaum Emil Pfenninger Dawn Vandervort
Cari L. Anhold
Sheila R. Schoenfeld Cynthia Edwards Catherine A. Kinast Patricia A. Phillips Cyndy Voll
Kristinn P. Armann
Henry C. Schreve Kenneth G. Endthoff Dale Kindschi Karen Place Doug Wait
JoAnn M. Armstrong
Dail E. Shepherd Janet Engebretson Lynn A. Klein Julie Punzel Janis L. Waite
Sheila C. Atkinson
Doug Sheridan Lillie Faircloth Ruth M. Kolpack Bertha A. Quince Lorene Watson
Oralia Avila
Pam Simplot Vernetta Farr Patricia A. Kroening Delores Quinn Jerry Weaver
Dorothy M. Bahr
Ann N. Sitrick Jessica Fellenez Sharon K. Krohn Jacqueline Reynolds Ruth M. Weis
Charlotte M. Baker
Linda K. Smith Lowell L. Fischer Barbara M. Kuska Lea Riemer Scott & Kathy Weiser
Dorothy L. Baptist
Star Copy Service Joseph A. Fox Rick LaBarbara Julie A. Riese Anneli White
Dawn Barber
Mr. & Mrs. Ron Starmer Susan D. Fox Jodi L. Landis Vonnie Riggins Rebekah A. Whitson
Brenda L. Beauchamp
Stateline Anesthesiologists, S.C. Cecilia E. Frendahl Sharon Larson Nancy A. Rudolph Anita J. Wildermuth
Doreen Beeler
Stateline Volleyball Debbie George Sigrid Larson Stanley V. Ruesch Shawn Wilson
Sue Beeman
Joel Stiener Patricia L. Glynn Michele R. Lemke Greg Scalise Carol L. Wirth
Beloit Memorial Hospital
Tom Sullivan Mary-Rose Gonzalez Karen K. Levenick Carole N. Schenker Mary E. Wopat
Dialysis Staff
Superior Health Linens, LLC Gary Grebner Hattie R. Linville Jeanine R. Schmidt Jenie L. Zank
Alys Bergen
SYLVAN Teachers Charlys K. Griffith Samantha Lom Beth M. Schmuck Penny Zummo
Larry Bergen, Ph.D.
Lori A. Taylor Cindy Groves Sharon M. Lutz Christine Schoen
Diana L. Bishop
Pam Taylor Barbara A. Gunderson Diane J. Lux Ruthanne Schreck
Susan E. Bowditch
Terra Business Services, Inc. Jeanne Haase Linda L. Lynch Pamela R. Schwartz
Bradley N. Bowman
Gloria Theisen Marge Hanson Ivan Makovec Jackie Scordato
Basil Boychef
Jane K. Threinen Susan M. Harbit Sue Martin Scot Forge
Sandra M. Brandl
Todd’s Grounds Maintenance Ms. Terri Harmon Avis W. Masterson Sue Scott
Lorraine Bringman - Roecker
Dr. Alice Townshend Gwendolyn K. Hazekamp Karen R. Matheson Susan J. Scott
Mary Lou Brown
Trane-Wisconsin Helen Heckle Lori Mauel Linda L. Selburg
Mike Bua
Tri-Cor Mechanical, Inc. Cindy Helgesen Elizabeth M. Mayfield Marian Selburg
Janice Burandt
United Heartland Lara R. Hermann Ann M. McGrath Kathryn Sharpe
John J. Bussa
Universal Hospital Services, Inc. John Hervatin Cindy J. Meindl Sandee L. Shea
Bonnie E. Cady
Patrick Vorwald Donald A. Holmbeck Ami Menke Mrs. Judy Simonds
Ione S. Clark
Mrs. W.E. Watson Barbara J. Hough Berthadette Miller Louise Sloss
Myron J. Clark
Welders Supply Co. Janet A. Hovland Pamela A. Miller Eugene H. Spence
Nancy A. Clickner

Beloit memorial hospital foundation report 21


an average of 619 donors gave to the foundation in each of the last 5 years

“Dinner with the Docs” was one of several special

in memory gatherings sponsored by the Foundation throughout


2008 to update donors and their professional advisors
& In Honor Of on hospital plans, programs and services.
In Memory of
Annette I.
Aeschlimann
Gene Christensen
Virginia Donkle
Louis “Louis” Draksler
Marion E. Fry
Donna Hammill
Myrtle L. Hart
Hobart Huntington
Violet Jeffers
William Keefer
Carole Kelley
Elmer and Ruth Kind
Eva Arnold, Lisa Albert and
Edna Lewis
Marilyn S. McConnell Dr. Russell Albert share a story
Ardys E. McLaughlin at the dinner gathering that
Josephine Nelson
gave donors an opportunity to
Jose A. Renteria
Gordon Riemer get to know the physicians.
Robert Schermerhorn
Gary Taylor
Charles Wilson Claudette Cummings and
Dr. Ken Klein enjoy the
In Honor of
Andrea Hughes Foundation’s “Dinner with
Gordon Neese the Docs” as the Foundation
welcomed our Olympian
Society and John Morse
93% of the gifts received in Society donors.

2008 were designated by the


donor for specific hospital
services or programs.

22 Beloit memorial hospital foundation report


financial information
Beloit Memorial Hospital Foundation, Inc. – Year ended December 31, 2008
Unrestricted Temporarily Permanently Total
Restricted Restricted
Revenue, gains and other support:
Gifts and contributions.............................................................................................................................................................. $29,448 $526,856 $5,320 $561,534
Interest and dividends...................................................................................................................................................................98,741 19,072 - 117,813
Change in value of split-interest agreements..................................................................................................................................- (70,800) - (70,800)
Change in unrealized gains and losses on investments..............................................................................................(631,968) (206,214) - (838,182)
Other....................................................................................................................................................................................................60,171 13,948 1,221 75,340
Expenses forgiven by Beloit Memorial Hospital, Inc..........................................................................................................71,529 - - 71,529
Net assets released from restrictions.......................................................................................................................................87,324 (87,324) - -
Total revenue.......................................................................................................................................................$284,755 $195,538 $6,451 $82,766
Expenses and distributions:
Fund raising.................................................................................................................................................................................... 291,356 - - 291,356
Life insurance....................................................................................................................................................................................12,597 - - 12,597
Grants — Beloit Memorial Hospital, Inc...................................................................................................................................17,017
Total expenses and distributions...............................................................................................................320,970
-
-
-
-
17,017
320,970
a $100,000 net
Changes in net assets...............................................................................................................................................................(605,725) 195,538 6,451 (403,736) gift from the
Net assets at beginning of year...........................................................................................................................................1,669,603 2,086,537 1,323,641 5,079,781
Net assets at the end of year................................................................................................................... $1,063,878 $2,282,075 $1,330,092 $4,676,045 foundation is
equal to $1.8-
Beloit Memorial Hospital Foundation, Inc. – Year ended December 31, 2007
$2 million in
Revenue, gains and other support: hospital net
Gifts and contributions.............................................................................................................................................................. $42,002 $563,697 $24,218 $629,917
Interest and dividends................................................................................................................................................................ 121,467 21,301 - 142,768 patient revenue
Change in value of split-interest agreements..................................................................................................................................- (53,918) - (53,918)
Change in unrealized gains and losses on investments...................................................................................................84,779 26,828 - 111,607
Other....................................................................................................................................................................................................61,930 (4,082) 1,059 58,907
Expenses forgiven by Beloit Memorial Hospital, Inc..........................................................................................................72,195 - - 72,195
Net assets released from restrictions.................................................................................................................................... 595,865 (595,865) - -
Total revenue.......................................................................................................................................................$978,238 $(42,039) $25,277 $961,476
Expenses and distributions:
Fund raising.................................................................................................................................................................................... 203,787 - - 203,787
Life insurance....................................................................................................................................................................................12,575 - - 12,575
Grants — Beloit Memorial Hospital, Inc................................................................................................................................ 592,107 - - 592,107
Total expenses and distributions...............................................................................................................808,469 - - 808,469
Changes in net assets................................................................................................................................................................. 169,769 (42,039) 25,277 153,007
Net assets at beginning of year...........................................................................................................................................1,499,834 2,128,576 1,298,364 4,926,774
Net assets at the end of year................................................................................................................... $1,669,603 $2,086,537 $1,323,641 $5,079,781

Beloit memorial hospital foundation report 23


1969 West Hart Road, Beloit, Wisconsin 53511 • (608) 363-5724 • www.beloitmemorialhospital.org