THE FINLEY HOSPITAL

EIN: 420680354 501(c)(3) Health Care

DUBUQUE, IA

Total Revenue
$146,676,465
Total Expenses
$142,522,539
Total Assets
$237,210,189
Net Assets
$197,294,568
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
IA
Principal Officer
JENNIFER HAVENS
Phone
5635821881
Tax Period
2023-01-01 to 2023-12-31

THE FINLEY HOSPITAL, founded in 1941, is a major nonprofit in the Health Care sector that reported $146.7M in total revenue in fiscal year 2023.

Mission

THE MISSION OF THE FINLEY HOSPITAL IS TO IMPROVE THE HEALTH OF THE PEOPLE AND COMMUNITIES OF THE TRI-STATE AREA.

Program Service Accomplishments

Program 1
Expenses: $126,450,586 Revenue: $141,379,046

HEALTH-CARE SERVICESTHE FINLEY HOSPITAL IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE IOWA, ILLINOIS AND WISCONSIN TRI-STATE AREA COMMUNITIES RELY ON EVERY DAY. IT IS COMMITTED...

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HEALTH-CARE SERVICESTHE FINLEY HOSPITAL IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE IOWA, ILLINOIS AND WISCONSIN TRI-STATE AREA COMMUNITIES RELY ON EVERY DAY. IT IS COMMITTED TO PROVIDING QUALITY HEALTH-CARE AND TO USING ITS RESOURCES TO THE GREATEST COMMUNITY BENEFIT. THE FINLEY 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, 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, THE FINLEY HOSPITAL DISCHARGED 4,528 PATIENTS RESULTING IN A TOTAL OF 57,034 PATIENT DAYS. TOTAL OUTPATIENT SURGERY REGISTRATIONS FOR THE SAME PERIOD WERE 5,179. THERE WERE ALSO 22,509 EMERGENCY ROOM VISITS AND 590 BABIES DELIVERED.

Program 2
Expenses: $5,286,915 Revenue: $0

COMMUNITY BENEFITS, INCLUDING CHARITY CARECHARITY CARE AND MEANS-TESTED PROGRAMS: THE FINLEY HOSPITAL PROVIDES CHARITY CARE AND OTHER MEANS-TESTED PROGRAMS WITH THE GOAL TO IMPROVE THE COMMUNITY'S...

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COMMUNITY BENEFITS, INCLUDING CHARITY CARECHARITY CARE AND MEANS-TESTED PROGRAMS: THE FINLEY 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 AT A COST OF $443,842 IN 2023. IT IS MORE COMMON FOR FINLEY HOSPITAL TO RECEIVE PAYMENTS FROM PAYORS OR PATIENTS THAT ARE LESS THAN IT CHARGES FOR SERVICES. THE FINLEY HOSPITAL PARTICIPATES IN MEDICAID AND OTHER GOVERNMENT-SPONSORED HEALTH-CARE PROGRAMS. THE FINLEY HOSPITAL'S NET COST OF PROVIDING CARE FOR WHICH IT RECEIVES PAYMENT BELOW ITS COST IS $1,384,648 FOR 2023. TOTAL CHARITY CARE AND MEANS-TESTED PROGRAMS REPORTED VALUE: $1,828,490.OTHER BENEFITS: THE FINLEY HOSPITAL PROVIDES SEVERAL OTHER BENEFITS THAT ASSIST THE COMMUNITY. PROGRAMS 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; RESEARCH, AND CASH AND IN-KIND CONTRIBUTIONS TO COMMUNITY GROUPS. THE FINLEY HOSPITAL COLLABORATES WITH OTHER HOSPITALS, CHURCHES, SCHOOLS, CHAMBERS OF COMMERCE AND DAYCARE CENTERS TO IMPROVE COMMUNITY HEALTH AND EXPAND ACCESS TO HEALTH CARE. THE FINLEY HOSPITAL HAS DEDICATED STAFF TO ASSIST COMMUNITY BENEFIT EFFORTS. TOTAL OTHER BENEFITS REPORTED VALUE: $3,458,425.

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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 $905,708
Program Service Revenue $140,420,981
Investment Income $4,374,038
Other Revenue $975,738
TOTAL REVENUE $146,676,465

Expense Breakdown

Grants Paid $521,509
Salaries & Benefits $76,763,619
Fundraising Expenses $0
Program Expenses $131,737,501
Other Expenses $65,237,411
TOTAL EXPENSES $142,522,539

Year-over-Year Comparison

2023 2022 Change
Revenue $146,676,465 $140,385,644 +0.0%
Expenses $142,522,539 $142,967,040 0.0%
Net Income $4,153,926 $-2,581,396 -2.6%
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
18
Independent Members
17
Employees
860
Volunteers
17

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
7
$1,763,640
Total Directors
19
$1,458,622
Key Employees
3
$745,839
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL ARNOLD BOARD MEMBER 1.00
Director
$0 $0 $14,500
KATHY BUHR BOARD MEMBER 1.00
Director
$0 $0 $0
ROY BUOL BOARD MEMBER 1.00
Director
$0 $0 $0
MARK DICKSON BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN FARBER BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
SUE FREEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER HAVENS FR 1023 BOARD MEMBER & MARKET PRES 40.00
Officer Director
$87,906 $43,840 $430,360
MIKE JANSEN BOARD MEMBER 1.00
Director
$0 $0 $0
NICOLE JEDLICKA DPM BOARD MEMBER 1.00
Director
$0 $0 $0
JASON KNOCKEL BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN LYNCH BOARD CHAIR 1.00
Officer Director
$0 $0 $0
KATHLEEN NACOS-BURDS BOARD TREASURER 1.00
Officer Director
$0 $0 $0
RYAN PETERSON BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
KEISHA SAINCI BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLIE SKEMP BOARD MEMBER 1.00
Director
$0 $0 $0
LORI THIELEN BOARD MEMBER 1.00
Director
$0 $0 $0
NICK THOMPSON BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA WITTHOEFT MD BOARD MEMBER 1.00
Director
$0 $0 $0
CHAD WOLBERS TO 823 BOARD MEMBER & PRESIDENT/CEO 40.00
Officer Director
$975,976 $37,786 $1,013,762
CAROL CROSS VP FINANCE 40.00
Officer
$283,717 $35,801 $319,518
CARLA BELKEN VP OPERATIONS 40.00
Key Emp
$207,200 $34,558 $241,758
BRYAN PECHOUS MD VP MEDICAL AFFIARS 40.00
Key Emp
$206,967 $34,884 $241,851
MARY PETERS CHIEF NURSING OFFICER 40.00
Key Emp
$240,863 $21,367 $262,230
GREG BROSIUS DIRECTOR OF PHARMACY 40.00
Highest
$184,717 $36,955 $221,672
ANTHONY MARKHAM PHYSICIAN 40.00
Highest
$419,743 $36,470 $456,213
ALEJANDRO PULIDO PHYSICIAN 40.00
Highest
$203,277 $44,522 $247,799
BARRY WAACK PHYSICIAN 40.00
Highest
$573,664 $25,765 $599,429
PHILIP ZIMMERMAN PHYSICIAN 40.00
Highest
$497,622 $48,269 $545,891
THEODORE TOWNSEND JR TO 119 BOARD MEMBER & INTERIM PRESIDENT/CEO 0.00
$0 $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 $146,676,465 $142,522,539 $237,210,189 $4,153,926
2022 $140,385,644 $142,967,040 $225,096,560 $-2,581,396
2021 $137,780,771 $130,499,654 $256,144,299 $7,281,117
2020 $123,811,102 $120,678,951 $247,969,578 $3,132,151
2019 $126,925,053 $119,445,392 $226,989,418 $7,479,661
2018 $129,184,949 $126,079,257 $203,764,666 $3,105,692
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