CEDAR RAPIDS, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE MISSION OF ST. LUKE'S METHODIST HOSPITAL IS TO GIVE THE HEALTHCARE WE'D LIKE OUR LOVED ONES TO RECEIVE. OUR STRATEGIC FRAMEWORK IS BUILT UPON THESE PILLARS: 1. DEMONSTRABLY BETTER QUALITY IN OUR PATIENT CARE. WE STRIVE TO PROVIDE THE BEST POSSIBLE HEALTHCARE SERVICE TO OUR PATIENTS AND THEIR FAMILIES. OUR SERVICES ARE ACCESSIBLE TO ALL PERSONS REGARDLESS OF RACE, RELIGION, GENDER OR ABILITY TO PAY.2. ST. LUKE'S IS COMMITTED TO BEING THE WORKSHOP OF CHOICE FOR PHYSICIANS WHO PRACTICE IN OUR HOSPITAL.3. ST. LUKE'S IS COMMITTED TO PARTNERING WITH ALL PERSONNEL, WHO TOGETHER MAKE UP THE BOARD OF DIRECTORS, MEDICAL STAFF, VOLUNTEERS, EMPLOYEES AND STUDENTS WHICH RESULTS IN PERSONAL SATISFACTION, RECOGNITION, ACHIEVEMENT AND COMMITMENT.4. ST. LUKE'S IS COMMITTED TO STRENGTHENING OUR CORE SERVICES TO RENDER THE HIGHEST QUALITY OF HEALTHCARE.5. ST. LUKE'S IS COMMITTED TO BEING A REGIONAL RESOURCE FOR EASTERN IOWANS.
HEALTH CARE SERVICES:ST. LUKE'S METHODIST HOSPITAL IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE CEDAR RAPIDS COMMUNITIES RELY ON EVERY DAY. IT IS COMMITTED TO PROVIDING QUALITY...
HEALTH CARE SERVICES:ST. LUKE'S METHODIST HOSPITAL IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE CEDAR RAPIDS COMMUNITIES RELY ON EVERY DAY. IT IS COMMITTED TO PROVIDING QUALITY HEALTH CARE, AND TO USING ITS RESOURCES TO THE GREATEST COMMUNITY BENEFIT.ST. LUKE'S METHODIST HOSPITAL PROVIDES INPATIENT AND OUTPATIENT MEDICAL SERVICES TO TREAT INDIVIDUALS WITH DISEASES, ILLNESS AND INJURIES WITH VARYING COMPLEXITIES. IT PROVIDES SERVICES TO IMPROVE THE HEALTH OF PATIENTS AND TO BETTER THEIR QUALITY OF LIFE. ALL SERVICES ARE PROVIDED REGARDLESS OF AN INDIVIDUAL'S RACE, CREED, SEX, NATIONALITY, HANDICAP, AGE OR ABILITY TO COMPENSATE FOR SERVICES RENDERED. THESE INCLUDE, BUT ARE NOT LIMITED TO, GENERAL ACUTE CARE, SURGERIES, HOME HEALTH, INTENSIVE CARE AND CRITICAL CARE, MENTAL HEALTH CARE, CARDIOLOGY, ONCOLOGY, REHABILITATION, SKILLED NURSING, BEHAVIORAL DISORDER PROGRAMS, MATERNAL/CHILD CARE, LABORATORY, PALLIATIVE CARE, PHARMACEUTICAL DRUGS, EMERGENCY SERVICES, OUTPATIENT CLINICS, CHECK-UPS AND RADIOLOGY. SOME OF THE SERVICES PROVIDED DO NOT GENERATE ENOUGH INCOME TO OFFSET THEIR COST. IN THE FISCAL PERIOD ENDED DECEMBER 31, 2023, ST. LUKE'S METHODIST HOSPITAL ADMITTED 15,838 PATIENTS RESULTING IN A TOTAL OF 76,608 PATIENT DAYS. OUTPATIENT VISITS TOTALED 597,381 AND TOTAL OUTPATIENT SURGERY REGISTRATIONS, INCLUDING THE DIGESTIVE HEALTH CENTER, FOR THE SAME PERIOD WERE 17,248. THERE WERE ALSO 49,348 EMERGENCY ROOM VISITS AND 2,268 BABIES DELIVERED.
COMMUNITY BENEFIT, INCLUDING CHARITY CARECHARITY CARE AND MEANS-TESTED PROGRAMS: ST. LUKE'S METHODIST HOSPITAL PROVIDES CHARITY CARE AND OTHER MEANS-TESTED PROGRAMS WITH THE GOAL TO IMPROVE THE...
COMMUNITY BENEFIT, INCLUDING CHARITY CARECHARITY CARE AND MEANS-TESTED PROGRAMS: ST. LUKE'S METHODIST HOSPITAL PROVIDES CHARITY CARE AND OTHER MEANS-TESTED PROGRAMS WITH THE GOAL TO IMPROVE THE COMMUNITY'S OVERALL HEALTH AND ACCESS TO CARE. THIS INCLUDES HEALTH-CARE SERVICES REGARDLESS OF THE PATIENT'S INSURANCE COVERAGE OR FINANCIAL STATUS. CHARITY CARE AND PARTIAL TO FULL FINANCIAL ASSISTANCE IS PROVIDED TO PATIENTS ON A CASE-BY-CASE BASIS. CHARITY CARE WAS MADE AVAILABLE TO PEOPLE AT A VALUE OF $1,449,363 IN 2023. OFTENTIMES, ST. LUKE'S METHODIST HOSPITAL RECEIVES PAYMENTS FROM PAYORS OR PATIENTS THAT ARE LESS THAN IT CHARGES FOR SERVICES. ST. LUKE'S METHODIST HOSPITAL PARTICIPATES IN MEDICAID AND OTHER GOVERNMENT-SPONSORED HEALTH-CARE PROGRAMS. ST. LUKE'S METHODIST HOSPITAL'S NET COST OF PROVIDING CARE FOR WHICH IT RECEIVES PAYMENT BELOW ITS COST IS $1,898,933 FOR 2023. TOTAL CHARITY CARE AND MEANS-TESTED PROGRAMS REPORTED VALUE: $3,348,296.OTHER BENEFITS: ST. LUKE'S METHODIST HOSPITAL PROVIDES SEVERAL OTHER BENEFITS THAT ASSIST THE COMMUNITY. PROGRAMS MAY INCLUDE, BUT ARE NOT LIMITED TO, COMMUNITY HEALTH IMPROVEMENT SERVICES AND COMMUNITY BENEFIT OPERATIONS SUCH AS PREVENTION AND HEALTH SCREENINGS; HEALTH PROFESSIONAL'S EDUCATION; SUBSIDIZED HEALTH SERVICES, AND CASH AND IN-KIND CONTRIBUTIONS TO COMMUNITY GROUPS. ST. LUKE'S METHODIST HOSPITAL COLLABORATES WITH OTHER HOSPITALS, CHURCHES, SCHOOLS, CHAMBERS OF COMMERCE AND DAYCARE CENTERS TO IMPROVE COMMUNITY HEALTH AND EXPAND ACCESS TO HEALTH CARE. ST. LUKE'S METHODIST HOSPITAL HAS DEDICATED STAFF TO ASSIST COMMUNITY BENEFIT EFFORTS. TOTAL OTHER BENEFITS REPORTED VALUE: $ 14,332,778.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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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