CENTRAL IOWA HOSPITAL CORPORATION (EIN 420680452) - 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

1933

Legal Domicile

Principal Officer

JON ROZENFELD

Phone

5152416212

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

IMPROVING THE HEALTH OF THE COMMUNITY THROUGH HEALING, CARING AND TEACHING.

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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 $88,376,312

Program Service Revenue $1,108,636,047

Investment Income $25,245,044

Other Revenue $4,961,570

TOTAL REVENUE $1,227,218,973

Expense Breakdown

Grants Paid $46,156,286

Salaries & Benefits $589,263,546

Fundraising Expenses $0

Program Expenses $1,020,179,762

Other Expenses $457,598,936

TOTAL EXPENSES $1,093,018,768

Year-over-Year Comparison

	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%

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

6549

Volunteers

689

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

$1,637,651

Total Directors

$2,486,410

Key Employees

$4,271,424

Highest Compensated

reported

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

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	$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

CENTRAL IOWA HOSPITAL CORPORATION