ST LUKE'S METHODIST HOSPITAL

EIN: 420504780 501(c)(3) Health Care

CEDAR RAPIDS, IA

Total Revenue
$477,105,050
Total Expenses
$471,616,586
Total Assets
$583,766,869
Net Assets
$407,544,364
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1903
Legal Domicile
IA
Principal Officer
CASEY GREENE
Phone
3193697796
Tax Period
2023-01-01 to 2023-12-31

ST LUKE'S METHODIST HOSPITAL, founded in 1903, is a major nonprofit in the Health Care sector that reported $477.1M in total revenue in fiscal year 2023.

Mission

TO GIVE THE HEALTHCARE WE'D LIKE OUR LOVED ONES TO RECEIVE.

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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 $11,050,456
Program Service Revenue $463,405,233
Investment Income $5,533,099
Other Revenue $-2,883,738
TOTAL REVENUE $477,105,050

Expense Breakdown

Grants Paid $30,769,270
Salaries & Benefits $225,146,675
Fundraising Expenses $0
Program Expenses $444,893,365
Other Expenses $215,700,641
TOTAL EXPENSES $471,616,586

Year-over-Year Comparison

2023 2022 Change
Revenue $477,105,050 $459,214,322 +0.0%
Expenses $471,616,586 $457,990,699 +0.0%
Net Income $5,488,464 $1,223,623 +3.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
16
Employees
2728
Volunteers
446

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
$2,470,801
Total Directors
21
$1,987,831
Key Employees
3
$1,176,509
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NED AUSTIN MD BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES BECKER BOARD MEMBER 1.00
Director
$0 $0 $0
ANNE CARTER BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN CAVES BOARD MEMBER 1.00
Director
$0 $0 $0
GREGORY CHURCHILL BOARD MEMBER 1.00
Director
$0 $0 $14,500
KATHY EPLEY BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN GLOBOKAR BOARD MEMBER 1.00
Director
$0 $0 $0
SALLY GRAY BOARD MEMBER 1.00
Director
$0 $0 $32,250
CURTIS HEIDEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
DONALD JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
KATHLEEN MINETTE BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
ROBIN MIXDORF BOARD CHAIR 1.00
Officer Director
$0 $0 $0
MICHELLE NIERMANN TO 0823 BOARD MEMBER & PRESIDENT/CEO 20.00
Officer Director
$508,440 $119,328 $1,107,448
AMANDA O'CONNOR MD BOARD MEMBER 1.00
Director
$0 $42,808 $371,644
JOHN OSAKO BOARD MEMBER 1.00
Director
$0 $0 $0
MARY ANN OSBORN BOARD MEMBER 40.00
Director
$32,896 $12,249 $45,145
ANNE PARMLEY BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER ROBERTSON BOARD MEMBER 1.00
Director
$0 $0 $0
LORI SUNDBERG BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN WAHLE MD BOARD MEMBER 1.00
Director
$0 $0 $0
CASEY GREENE - VPCOO TO 0823 BOARD MEMBER & PRES/CEO (FR 09/23) 40.00
Officer Director
$350,449 $66,395 $416,844
MICHAEL HEINRICH TO 0323 VP FINANCE/CFO 20.00
Officer
$391,248 $78,425 $702,550
LUCAS HICKS FR 0423 VP FINANCE/CFO 40.00
Officer
$222,929 $21,030 $243,959
CARMEN KLEINSMITH SR VP/CHIEF NURSING EXEC 40.00
Key Emp
$580,519 $55,313 $635,832
JOSEPH LINN VP HR & OPERATIONS 40.00
Key Emp
$321,835 $16,900 $338,735
PATRICK THIES DIRECTOR PHARMACY SVCS 40.00
Key Emp
$177,716 $24,226 $201,942
SCOTT ANDERSON DDS MS DENTIST 40.00
Highest
$199,257 $41,194 $240,451
ERIC BRIESEMEISTER CEO-JRMC 1.00
Highest
$245,270 $45,972 $291,242
MARLEE HANSEN DDS DENTIST 40.00
Highest
$229,978 $24,437 $254,415
MARY KLINGER PRESIDENT-HCF 40.00
Highest
$213,147 $26,619 $239,766
JULIE STURBAUM DIRECTOR SURGICAL SERVICES 40.00
Highest
$193,477 $28,811 $222,288
THEODORE TOWNSEND JR TO 1218 FORMER PRESIDENT/CEO 0.00
$462,474 $0 $462,474
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 $477,105,050 $471,616,586 $583,766,869 $5,488,464
2022 $459,214,322 $457,990,699 $544,712,395 $1,223,623
2021 $448,080,715 $425,845,697 $597,471,297 $22,235,018
2020 $405,423,350 $386,241,082 $588,535,299 $19,182,268
2019 $415,897,395 $406,087,910 $531,938,029 $9,809,485
2018 $415,656,187 $382,510,841 $482,358,210 $33,145,346
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