DES MOINES, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CENTRAL IOWA HOSPITAL CORPORATION, founded in 1933, is a large national nonprofit in the Health Care sector that reported $1.2B in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.1B left a modest 11% surplus.
IMPROVING THE HEALTH OF THE COMMUNITY THROUGH HEALING, CARING AND TEACHING.
HEALTH-CARE SERVICESCENTRAL IOWA HOSPITAL CORPORATION IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE CENTRAL IOWA COMMUNITIES RELY ON EVERY DAY. IT IS COMMITTED TO PROVIDING...
HEALTH-CARE SERVICESCENTRAL IOWA HOSPITAL CORPORATION IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE CENTRAL IOWA COMMUNITIES RELY ON EVERY DAY. IT IS COMMITTED TO PROVIDING QUALITY HEALTH CARE AND TO USING ITS RESOURCES TO THE GREATEST COMMUNITY BENEFIT. CENTRAL IOWA HOSPITAL CORPORATION 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, CENTRAL IOWA HOSPITAL CORPORATION ADMITTED 34,011 PATIENTS RESULTING IN A TOTAL OF 191,141 PATIENT DAYS. OUTPATIENT VISITS TOTALED 219,019 AND TOTAL OUTPATIENT SURGERY REGISTRATIONS FOR THE SAME PERIOD WERE 14,304. THERE WERE ALSO 115,087 EMERGENCY ROOM VISITS AND 5,043 BABIES DELIVERED.
CHARITY CARE, MEANS-TESTED PROGRAMS AND OTHER COMMUNITY BENEFITSCHARITY CARE AND MEANS-TESTED PROGRAMS: CENTRAL IOWA HOSPITAL CORPORATION PROVIDES CHARITY CARE AND OTHER MEANS-TESTED PROGRAMS WITH...
CHARITY CARE, MEANS-TESTED PROGRAMS AND OTHER COMMUNITY BENEFITSCHARITY CARE AND MEANS-TESTED PROGRAMS: CENTRAL IOWA HOSPITAL CORPORATION 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 VALUE OF $4,889,264 IN 2023. OFTENTIMES, CENTRAL IOWA HOSPITAL CORPORATION RECEIVES PAYMENTS FROM PAYORS OR PATIENTS THAT ARE LESS THAN IT CHARGES FOR SERVICES. CENTRAL IOWA HOSPITAL CORPORATION PARTICIPATES IN MEDICAID AND OTHER GOVERNMENT-SPONSORED HEALTH-CARE PROGRAMS. IOWA METHODIST MEDICAL CENTER, IOWA LUTHERAN AND METHODIST WEST HOSPITALS' NET COST OF PROVIDING CARE FOR WHICH IT RECEIVES PAYMENT BELOW ITS COST IS $16,712,355 FOR 2023. TOTAL CHARITY CARE AND MEANS-TESTED PROGRAMS REPORTED VALUE: $21,601,619.OTHER BENEFITS: CENTRAL IOWA HOSPITAL CORPORATION 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. CENTRAL IOWA HOSPITAL CORPORATION COLLABORATES WITH OTHER HOSPITALS, CHURCHES, SCHOOLS, CHAMBERS OF COMMERCE AND DAYCARE CENTERS TO IMPROVE COMMUNITY HEALTH AND EXPAND ACCESS TO HEALTH CARE. CENTRAL IOWA HOSPITAL CORPORATION HAS DEDICATED STAFF TO ASSIST COMMUNITY BENEFIT EFFORTS. TOTAL NET OTHER BENEFITS REPORTED VALUE: $53,761,885.
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 | $1,227,218,973 | $1,053,287,181 | +0.2% |
| Expenses | $1,093,018,768 | $1,058,677,038 | +0.0% |
| Net Income | $134,200,205 | $-5,389,857 | -25.9% |
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 |
|---|---|---|---|---|---|---|
| KIRK ABRAHAMSON | BOARD MEMBER | 1.00 |
Director
|
$135 | $0 | $135 |
| KIM BAKEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BISHOP KENNETHA BIGHAM-TSAI | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRAD BRODY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $25,000 |
| DARWIN COPEMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BISHOP AMY CURRENT | BOARD MEMBER | 1.00 |
Director
|
$135 | $0 | $135 |
| DOUG DEN ADEL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DIANA GORSCHE RN BSN CCM | BOARD MEMBER | 1.00 |
Director
|
$135 | $0 | $135 |
| CLINT HAWTHORNE MD | BOARD MEMBER | 40.00 |
Director
|
$401,800 | $42,295 | $444,095 |
| THOMAS HOUSER | BOARD MEMBER | 1.00 |
Director
|
$135 | $0 | $135 |
| BRUCE JAMES MD | BOARD MEMBER | 1.00 |
Director
|
$135 | $0 | $7,385 |
| KASEY JOHNSON STEEN | BOARD VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOSEPH JONES | BOARD MEMBER | 1.00 |
Director
|
$135 | $0 | $135 |
| SID JUWARKER | BOARD MEMBER | 1.00 |
Director
|
$135 | $0 | $135 |
| ANISH KESHWANI MD | BOARD MEMBER | 1.00 |
Director
|
$0 | $47,130 | $492,974 |
| ANGELA KNOBLAUCH DO | BOARD MEMBER | 1.00 |
Director
|
$0 | $28,004 | $367,664 |
| JOSE LARACUENTE | BOARD MEMBER | 1.00 |
Director
|
$135 | $0 | $14,635 |
| GREG LIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ROSE MITCHELL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVE MOENCH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHELDON OHRINGER | BOARD SECRETARY/TREASURER | 1.00 |
Officer
Director
|
$135 | $0 | $135 |
| JOHN SCHMIDT | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID STARK IHS CHIEF GOVT AFF | PHIL OFF (FR 7/23), BD MEMBER/CEO | 20.00 |
Officer
Director
|
$542,862 | $91,854 | $1,133,577 |
| TIFFANY TAUSCHECK | BOARD MEMBER | 1.00 |
Director
|
$135 | $0 | $135 |
| SHANNON WINTERS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DANIEL ZINNEL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS MATHEWS | SENIOR VP FINANCE/CFO | 40.00 |
Officer
|
$462,835 | $41,104 | $503,939 |
| BRIAN BENSON | EXECUTIVE DIRECTOR PHARMACY | 40.00 |
Key Emp
|
$262,564 | $39,897 | $302,461 |
| DENISE CUNDY MS BSN RN NE-BC | CHIEF NURSING EXECUTIVE | 40.00 |
Key Emp
|
$401,112 | $58,257 | $459,369 |
| TRACY L EKHARDT MD | CHIEF MEDICAL OFFICER | 40.00 |
Key Emp
|
$721,626 | $50,322 | $771,948 |
| LAURIE JOHNSON | EXECUTIVE DIRECTOR SURGICAL SERVICES | 40.00 |
Key Emp
|
$222,902 | $22,045 | $244,947 |
| JOYCE MCDANEL | VP HUMAN RESOURCES | 40.00 |
Key Emp
|
$429,997 | $85,395 | $515,392 |
| KRISTIN MOHR | EXEC DIR PROPERTIES & FACILITIES | 40.00 |
Key Emp
|
$169,370 | $27,612 | $196,982 |
| THOMAS MULROONEY FACHE | VP SURGICAL & CARDIOVASCULAR SVCS/COO ILH & METHOD | 40.00 |
Key Emp
|
$451,854 | $87,886 | $539,740 |
| SIDNEY RAMSEY | VP MARKETING & BUSINESS DEVELOPMENT | 40.00 |
Key Emp
|
$448,415 | $40,043 | $488,458 |
| WENDY ROCKEY | EXECUTIVE DIRECTOR CARDIOLOGY | 40.00 |
Key Emp
|
$198,281 | $28,705 | $226,986 |
| WILLIAM YOST MD | VP MEDICAL EDUCATION & RESEARCH | 40.00 |
Key Emp
|
$486,160 | $38,981 | $525,141 |
| ROBERT ISAAK MD | PHYSICIAN-RADATION ONCOLOGY | 40.00 |
Highest
|
$1,137,409 | $36,197 | $1,173,606 |
| NICHOLAS LOUDAS MD | PHYSICIAN-RADATION ONCOLOGY | 40.00 |
Highest
|
$777,284 | $27,046 | $804,330 |
| SAMUEL SCHROEDER MD | PHYSICIAN-RADATION ONCOLOGY | 40.00 |
Highest
|
$960,826 | $43,948 | $1,004,774 |
| ARSHIN SHEYBANI MD | PHYSICIAN-RADATION ONCOLOGY | 40.00 |
Highest
|
$1,007,862 | $44,641 | $1,052,503 |
| JOHN TRIANTAFYLLOS MD | PHYSICIAN-RADATION ONCOLOGY | 40.00 |
Highest
|
$1,005,243 | $43,022 | $1,048,265 |
| KEVIN CARROLL EDH FACHE FRMR KE | VP BEHAVIORAL HEALTH (TO 12/22) | 0.00 |
|
$194,602 | $2,606 | $197,208 |
| ERIC LOTHE FACHE FRMR KE | SVP & COO (TO 12/22) | 0.00 |
|
$1,009,710 | $23,385 | $1,033,095 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,227,218,973 | $1,093,018,768 | $1,548,586,929 | $134,200,205 |
| 2022 | $1,053,287,181 | $1,058,677,038 | $1,385,809,161 | $-5,389,857 |
| 2021 | $1,037,419,679 | $963,832,594 | $1,532,838,934 | $73,587,085 |
| 2020 | $937,321,371 | $859,359,463 | $1,438,981,448 | $77,961,908 |
| 2019 | $914,986,157 | $864,417,578 | $1,259,331,686 | $50,568,579 |
| 2019 | $914,986,157 | $864,417,578 | $1,259,331,686 | $50,568,579 |
| 2018 | $888,917,286 | $820,132,090 | $1,122,587,888 | $68,785,196 |
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