GRINNELL REGIONAL MEDICAL CENTER (EIN 420933383) - 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

1967

Legal Domicile

Principal Officer

DAVID-PAUL CAVAZOS

Phone

6412367511

Tax Period

2023-01-01 to 2023-12-31

GRINNELL REGIONAL MEDICAL CENTER, founded in 1967, is a mid-sized nonprofit in the Health Care sector that reported $64.4M in total revenue in fiscal year 2023.

Mission

TO TREAT, HEAL AND CARE FOR THE SICK AND DISABLED.

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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 $1,008,906

Program Service Revenue $62,233,099

Investment Income $-7,028

Other Revenue $1,168,213

TOTAL REVENUE $64,403,190

Expense Breakdown

Grants Paid $442,064

Salaries & Benefits $39,935,154

Fundraising Expenses $0

Program Expenses $58,826,672

Other Expenses $23,728,031

TOTAL EXPENSES $64,105,249

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,403,190	$62,426,887	+0.0%
Expenses	$64,105,249	$63,157,388	+0.0%
Net Income	$297,941	$-730,501	-1.4%

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

386

Volunteers

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

$1,801,429

Total Directors

$2,284,248

Key Employees

$224,322

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACOB BOYER PA-C	BOARD MEMBER	40.00	Director	$220,557	$11,296	$231,853
PEGGY BROWN	BOARD MEMBER (TO 10/23)	1.00	Director	$0	$0	$0
DARWIN COPEMEN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
RYAN DAHLBY ALBRIGHT MD	BOARD MEMBER (TO 11/23)	1.00	Director	$0	$0	$0
JENNIFER HAVENS	BOARD MEMBER/CEO (TO 10/23)	40.00	Officer Director	$0	$43,840	$430,360
RACHEL KINNICK	BOARD CHAIR ELECT	1.00	Officer Director	$0	$0	$0
SALLY LANG	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
ALY MALY	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
SID RAMSEY BOARD MEMBERVP	MARKETING & BUSINESS DEV-C	1.00	Director	$0	$40,043	$488,458
HENRY MORISADA RIETZ PHD	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
SARAH SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACI SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID STARK	BOARD MEMBER/CEO-CIHC	1.00	Officer Director	$0	$91,854	$1,133,577
DOUGLAS VAN DAELE MD FACS	BOARD MEMBER	1.00	Director	$0	$0	$0
KYLE WILCOX	VP FINANCE	40.00	Officer	$212,462	$25,030	$237,492
LAURA JUEL	VP NURSING & CLINICAL SERV	40.00	Key Emp	$181,434	$42,888	$224,322
SCOTT DOYLE CRNA ARNP	ANESTHESIOLOGY	40.00	Highest	$302,969	$35,984	$338,953
STEPHEN ELLESTAD DO	PHYSICIAN	40.00	Highest	$306,561	$16,118	$322,679
CLAYTON FRANCIS MD	PHYSICIAN	40.00	Highest	$161,710	$8,622	$170,332
KATHRYN OGBURN CRNA	ANESTHESIOLOGY	40.00	Highest	$267,233	$24,755	$291,988
KRISTIN PHELPS PA-C	FAMILY MEDICINE	40.00	Highest	$164,014	$30,813	$194,827

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	$64,403,190	$64,105,249	$32,982,535	$297,941
2022	$62,426,887	$63,157,388	$29,996,972	$-730,501
2021	$60,079,806	$57,775,461	$29,904,442	$2,304,345
2020	$54,211,940	$58,195,220	$32,119,078	$-3,983,280
2019	$48,079,462	$48,221,453	$30,653,049	$-141,991
2018	$47,415,767	$50,430,836	$26,131,742	$-3,015,069

GRINNELL REGIONAL MEDICAL CENTER