TRINITY REGIONAL MEDICAL CENTER

EIN: 421009175 501(c)(3) Health Care

FORT DODGE, IA

Total Revenue
$184,137,396
Total Expenses
$178,183,479
Total Assets
$231,624,546
Net Assets
$201,049,604
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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
IA
Principal Officer
LEAH GLASGO
Phone
5155733101
Tax Period
2023-01-01 to 2023-12-31

TRINITY REGIONAL MEDICAL CENTER, founded in 1973, is a major nonprofit in the Health Care sector that reported $184.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $178.2M left a modest 3% surplus.

Mission

TO IMPROVE THE HEALTH OF THE CITIZENS OF OUR COMMUNITIES AND REGIONS BY PROVIDING QUALITY HEALTHCARE IN AN EFFICIENT AND COST-EFFECTIVE MANNER.

Program Service Accomplishments

Program 1
Expenses: $149,819,548 Revenue: $179,605,384

HEALTH-CARE SERVICESTRINITY REGIONAL MEDICAL CENTER IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE NORTH CENTRAL IOWA COMMUNITIES RELY ON EVERY DAY. IT IS COMMITTED TO PROVIDING...

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HEALTH-CARE SERVICESTRINITY REGIONAL MEDICAL CENTER IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE NORTH CENTRAL IOWA COMMUNITIES RELY ON EVERY DAY. IT IS COMMITTED TO PROVIDING QUALITY HEALTHCARE AND TO USING ITS RESOURCES TO THE GREATEST COMMUNITY BENEFIT. TRINITY REGIONAL MEDICAL CENTER 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, INTENSIVE CARE, CRITICAL CARE, CARDIOLOGY, ONCOLOGY, REHABILITATION, MATERNAL/CHILD CARE, PEDIATRIC CARE, LABORATORY SERVICES, PHARMACEUTICAL DRUGS, RADIOLOGY AND MANY OTHER ROUTINE AND ANCILLARY SERVICES. SOME OF THE SERVICES PROVIDED DO NOT GENERATE ENOUGH INCOME TO OFFSET THEIR COST. IN THE FISCAL PERIOD ENDED DECEMBER 31, 2023, TRINITY REGIONAL MEDICAL CENTER ADMITTED 3,744 PATIENTS RESULTING IN A TOTAL OF 13,791 PATIENT DAYS. OUTPATIENT REGISTRATIONS TOTALED 99,100 AND TOTAL OUTPATIENT SURGERY REGISTRATIONS FOR THE SAME PERIOD WERE 3,185. THERE WERE ALSO 17,538 EMERGENCY ROOM VISITS AND 466 BABIES DELIVERED.

Program 2
Expenses: $19,948,509 Revenue: $0

COMMUNITY BENEFIT, INCLUDING CHARITY CARECHARITY CARE AND MEANS-TESTED PROGRAMS: TRINITY REGIONAL MEDICAL CENTER PROVIDES CHARITY CARE AND OTHER MEANS-TESTED PROGRAMS WITH THE GOAL TO IMPROVE THE...

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COMMUNITY BENEFIT, INCLUDING CHARITY CARECHARITY CARE AND MEANS-TESTED PROGRAMS: TRINITY REGIONAL MEDICAL CENTER 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 $769,509 IN 2023. OFTENTIMES, TRINITY REGIONAL MEDICAL CENTER RECEIVES PAYMENTS FROM PAYORS OR PATIENTS THAT ARE LESS THAN IT CHARGES FOR SERVICES. TRINITY REGIONAL MEDICAL CENTER PARTICIPATES IN MEDICAID AND OTHER GOVERNMENT-SPONSORED HEALTH-CARE PROGRAMS. TRINITY REGIONAL MEDICAL CENTER'S NET COST OF PROVIDING CARE FOR WHICH IT RECEIVES PAYMENT BELOW ITS COST IS $4,990,859 FOR 2023. TOTAL CHARITY CARE AND MEANS-TESTED PROGRAMS REPORTED VALUE: $5,760,368.OTHER BENEFITS: TRINITY REGIONAL MEDICAL CENTER 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. TRINITY REGIONAL MEDICAL CENTER COLLABORATES WITH OTHER HOSPITALS, CHURCHES, SCHOOLS, CHAMBERS OF COMMERCE AND DAYCARE CENTERS TO IMPROVE COMMUNITY HEALTH AND EXPAND ACCESS TO HEALTH CARE. TRINITY REGIONAL MEDICAL CENTER HAS DEDICATED STAFF TO ASSIST COMMUNITY BENEFIT EFFORTS. TOTAL OTHER BENEFITS REPORTED VALUE: $14,188,141.

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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 $1,572,678
Program Service Revenue $176,883,085
Investment Income $2,939,314
Other Revenue $2,742,319
TOTAL REVENUE $184,137,396

Expense Breakdown

Grants Paid $9,523,599
Salaries & Benefits $94,904,606
Fundraising Expenses $0
Program Expenses $169,768,057
Other Expenses $73,755,274
TOTAL EXPENSES $178,183,479

Year-over-Year Comparison

2023 2022 Change
Revenue $184,137,396 $165,861,822 +0.1%
Expenses $178,183,479 $157,178,024 +0.1%
Net Income $5,953,917 $8,683,798 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
6
Employees
1045
Volunteers
90

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
$1,688,364
Total Directors
11
$2,580,200
Key Employees
1
$240,403
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES CLAYTON BOARD MEMBER 1.00
Director
$0 $0 $0
NEVEN CONRAD BOARD CHAIR 1.00
Officer Director
$0 $0 $0
CHRIS FRIDERES BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE FRISCHMEYER BOARD CHAIR 1.00
Officer Director
$0 $0 $0
LEAH GLASGO - BOARD MEMBEER & PRESIDENT/CEO (SC & FD) 1.00
Officer Director
$0 $94,671 $981,003
DEBRA JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $7,250
KEITH KOLACIA BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL LEE MD BOARD MEMBER 1.00
Director
$0 $30,783 $485,644
JILL NELSON BOARD MEMBER 1.00
Director
$0 $0 $0
LINCOLN WALLACE MD BOARD SECRETARY/TREASURER 1.00
Officer Director
$0 $52,503 $381,878
MICHAEL WILLERTH MD BOARD MEMBER 1.00
Director
$0 $41,147 $724,425
SARAH MARSH VP FINANCE 1.00
Officer
$0 $41,604 $325,483
SHANNON MCQUILLEN VP PEOPLE EXCELLENCE 40.00
Key Emp
$0 $42,417 $240,403
CHRISTOPHER CARZOLI DO PHYSICIAN-EMERGENCY 40.00
Highest
$587,679 $48,317 $635,996
ANDREW DOSTER CRNA NURSE ANESTHETIST 40.00
Highest
$301,498 $45,863 $347,361
ERIC HAGE CRNA NURSE ANESTHETIST 40.00
Highest
$607,666 $46,979 $654,645
CHRISTOPHER HILL CRNA PHYSICIAN-EMERGENCY 40.00
Highest
$436,639 $36,659 $547,764
JAY HONOMICHL CRNA NURSE ANESTHETIST 40.00
Highest
$306,204 $32,063 $338,267
SUSAN THOMPSON-IHS INT CEO TO 0221 FMR INT BOARD MBR & PRES (TO 1/19) 0.00
$0 $0 $278,145
TROY MARTENS FORMER COO (TO 03/22) 0.00
$0 $32,658 $289,961
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 $184,137,396 $178,183,479 $231,624,546 $5,953,917
2022 $165,861,822 $157,178,024 $219,585,097 $8,683,798
2021 $164,643,277 $151,959,876 $231,496,261 $12,683,401
2020 $148,891,510 $133,905,636 $221,646,201 $14,985,874
2019 $137,742,002 $128,077,581 $183,732,073 $9,664,421
2018 $128,753,159 $127,494,578 $164,370,042 $1,258,581
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