SIOUX VALLEY MEMORIAL HOSPITAL ASSOCIATION

EIN: 420707096 501(c)(3) Health Care

CHEROKEE, IA

Total Revenue
$55,583,808
Total Expenses
$49,591,240
Total Assets
$89,221,953
Net Assets
$82,185,071
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1916
Legal Domicile
IA
Principal Officer
GARY JORDAN
Phone
7122256818
Tax Period
2023-01-01 to 2023-12-31

SIOUX VALLEY MEMORIAL HOSPITAL ASSOCIATION, founded in 1916, is a mid-sized nonprofit in the Health Care sector that reported $55.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $49.6M left a modest 11% surplus.

Mission

TO PROVIDE A COMPLETE CONTINUUM OF HEALTHCARE SERVICES TO THE PEOPLE OF CHEROKEE AND SURROUNDING COMMUNITIES WITHOUT REGARD FOR THE ABILITY TO PAY, AND WITHOUT DISCRIMINATION.

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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 $1,531,027
Program Service Revenue $50,213,538
Investment Income $1,047,889
Other Revenue $2,791,354
TOTAL REVENUE $55,583,808

Expense Breakdown

Grants Paid $0
Salaries & Benefits $26,020,927
Fundraising Expenses $22,229
Program Expenses $47,546,894
Other Expenses $23,570,313
TOTAL EXPENSES $49,591,240

Year-over-Year Comparison

2023 2022 Change
Revenue $55,583,808 $49,085,974 +0.1%
Expenses $49,591,240 $46,037,507 +0.1%
Net Income $5,992,568 $3,048,467 +1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
398
Volunteers
6

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
5
$570,270
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLAY LEAVITT CHAIRPERSON 1.00
Officer Director
$0 $0 $0
BRANDON HENKE VICE-CHAIRPERSON 1.00
Officer Director
$0 $0 $0
KELLEN LUDVIGSON SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
KERRY HURD DIRECTOR 1.00
Director
$0 $0 $0
LES TODD DIRECTOR 1.00
Director
$0 $0 $0
SHEILA TRAPP DIRECTOR 1.00
Director
$0 $0 $0
SARAH COOK DIRECTOR 1.00
Director
$0 $0 $0
GARY JORDAN CEO 40.00
Officer
$0 $39,943 $400,604
TYLER GERSTANDT CFO 40.00
Officer
$149,636 $20,030 $169,666
DR SEAN NELSON MD 44.00
Highest
$519,035 $39,336 $558,371
DR JOHN GREAVES DPM 44.00
Highest
$466,683 $39,608 $506,291
DR PATRICIA HARRISON MD 44.00
Highest
$424,348 $17,346 $441,694
DR NICHOLAS LOUGHLIN DO 44.00
Highest
$650,046 $37,374 $687,420
DR SCOTT MURRAY MD 44.00
Highest
$531,749 $34,652 $566,401
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 $55,583,808 $49,591,240 $89,221,953 $5,992,568
2022 $49,085,974 $46,037,507 $80,030,785 $3,048,467
2021 $52,691,699 $42,486,412 $85,979,700 $10,205,287
2020 $44,379,443 $38,087,601 $80,583,038 $6,291,842
2019 $35,652,260 $32,677,113 $65,301,664 $2,975,147
2018 $34,829,155 $30,872,223 $61,733,284 $3,956,932
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