SOUTHEAST IOWA REGIONAL MEDICAL CENTER INC (EIN 420680407) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1895

Legal Domicile

Principal Officer

DR MICHAEL MCCOY

Phone

3197681000

Tax Period

2023-07-01 to 2024-06-30

SOUTHEAST IOWA REGIONAL MEDICAL CENTER INC, founded in 1895, is a major nonprofit in the Health Care sector that reported $438.2M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $422.8M left a modest 4% surplus.

Mission

IMPROVING THE REGION'S HEALTH BY PROVIDING HIGH-QUALITY HEALTH CARE.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $42,106,850

Program Service Revenue $394,108,263

Investment Income $520,415

Other Revenue $1,512,682

TOTAL REVENUE $438,248,210

Expense Breakdown

Grants Paid $22,991,999

Salaries & Benefits $186,879,994

Fundraising Expenses $0

Program Expenses $401,049,036

Other Expenses $212,945,329

TOTAL EXPENSES $422,817,322

Year-over-Year Comparison

	2023	2022	Change
Revenue	$438,248,210	$361,654,937	+0.2%
Expenses	$422,817,322	$380,420,311	+0.1%
Net Income	$15,430,888	$-18,765,374	-1.8%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

2407

Volunteers

301

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

$1,511,430

Total Directors

$880,902

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT WENZEL	FORMER PRESIDENT/CEO	24.00		$0	$11,287	$1,380,867
LOUIS KANTZAVELOS	PHYSICIAN	40.00	Highest	$1,239,329	$45,761	$1,285,090
CHARLES FRANK	PHYSICIAN	40.00	Highest	$1,015,119	$27,481	$1,042,600
MEGHAN WOOSTER	PHYSICIAN	40.00	Highest	$907,449	$21,733	$929,182
AJMAL MUHAMMAD	PHYSICIAN	40.00	Highest	$884,160	$36,210	$920,370
BRENT WOODBURY	PHYSICIAN	40.00	Highest	$866,089	$42,022	$908,111
DR MICHAEL MCCOY	PRESIDENT/CEO	24.00	Officer Director	$0	$51,041	$880,902
JEREMY ALEXANDER	CFO	40.00	Officer	$0	$48,195	$630,528
DAVE POLAND	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
VICKI STEPHENSON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOY ANDERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
NEAL DODD	DIRECTOR	1.00	Director	$0	$0	$0
DR DOUG HENRICH	DIRECTOR	1.00	Director	$0	$0	$0
BOB HUFFMAN	DIRECTOR	1.00	Director	$0	$0	$0

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
2025	No data	No data	No data	No data
2024	$438,248,210	$422,817,322	$266,109,032	$15,430,888
2023	$361,654,937	$380,420,311	$252,815,297	$-18,765,374
2022	$370,717,276	$516,694,156	$268,865,294	$-145,976,880
2021	$297,587,965	$226,719,623	$412,016,891	$70,868,342
2020	$232,366,772	$229,637,205	$371,257,341	$2,729,567
2019	$196,509,448	$199,975,126	$335,942,989	$-3,465,678
2018	$182,068,842	$177,838,527	$335,515,407	$4,230,315

SOUTHEAST IOWA REGIONAL MEDICAL CENTER INC