NORTHWEST IOWA HOSPITAL CORPORATION (EIN 421019872) - 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

1974

Legal Domicile

Principal Officer

JANE ARNOLD

Phone

7122793500

Tax Period

2023-01-01 to 2023-12-31

NORTHWEST IOWA HOSPITAL CORPORATION, founded in 1974, is a major nonprofit in the Health Care sector that reported $221.3M in total revenue in fiscal year 2023.

Mission

TO IMPROVE THE HEALTH OF THE PEOPLE AND THE COMMUNITIES WE SERVE.

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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 $2,457,674

Program Service Revenue $216,011,007

Investment Income $323,560

Other Revenue $2,524,985

TOTAL REVENUE $221,317,226

Expense Breakdown

Grants Paid $6,742,661

Salaries & Benefits $127,480,084

Fundraising Expenses $0

Program Expenses $198,788,124

Other Expenses $91,632,662

TOTAL EXPENSES $225,855,407

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,317,226	$208,023,924	+0.1%
Expenses	$225,855,407	$219,756,451	+0.0%
Net Income	$-4,538,181	$-11,732,527	-0.6%

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

1364

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

$2,854,457

Total Directors

$147,337

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENEE BEAULIEU	BOARD MEMBER	1.00	Director	$0	$0	$0
CRAIG BERENSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM CARROLL MD	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE CRONE	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
ANGELO JAMES	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA KNEPPER TO 723	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
JIM PALMER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
GARRETT SMITH	BOARD MEMBER	1.00	Director	$0	$0	$14,500
JOY TAYLOR MD	BOARD VICE CHAIR	1.00	Officer Director	$0	$6,326	$132,837
BETH TREJO	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE VENABLE-RIDLEY TO 623	BOARD MEMBER	1.00	Director	$0	$0	$0
CHIC WOLFE	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE ARNOLD FR 1023	PRESIDENT/CEO	40.00	Officer	$251,848	$62,104	$392,872
LEAH GLASGO TO 1023	INTERIM PRES/CEO SC & FD	40.00	Officer	$0	$94,671	$981,003
SARAH MARSH TO 923	INTERIM VP/CFO	1.00	Officer	$0	$41,604	$325,483
LEAH KNAPP FR 0923	VP FINANCE	40.00	Officer	$134,728	$38,337	$173,065
WENDY LINDLEY	VP/CNE	40.00	Officer	$297,704	$38,592	$336,296
COREY SNIDER TO 923	VP/COO	40.00	Officer	$280,700	$23,343	$304,043
KARI WINKLEPLECK	VP FUNDRAISING DEVELOPMENT	40.00	Officer	$180,291	$28,567	$208,858
SHEILA FOSTER DO	PHYSICIAN	40.00	Highest	$1,310,130	$49,739	$1,359,869
KEVIN FOLCHERT MD	PHYSICIAN	40.00	Highest	$712,396	$36,511	$748,907
FADY JABRE MD	PHYSICIAN	40.00	Highest	$639,957	$48,406	$688,363
JEFFREY O'TOOL MD	PHYSICIAN/DIRECTOR ER	40.00	Highest	$724,262	$49,176	$773,438
KHALIL YOUSEF MD	PHYSICIAN	40.00	Highest	$641,102	$42,720	$683,822
JAMES GOBELL TO 722	FORMER VP/CFO	0.00		$283,643	$26,258	$309,901
LORENZO SUTER TO 722	FORMER PRESIDENT/CEO	0.00		$268,869	$13,491	$282,360

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	$221,317,226	$225,855,407	$223,071,056	$-4,538,181
2022	$208,023,924	$219,756,451	$225,194,445	$-11,732,527
2021	$195,227,225	$200,117,264	$237,463,642	$-4,890,039
2020	$199,454,289	$190,862,387	$262,772,995	$8,591,902
2019	$182,061,912	$172,135,989	$215,903,505	$9,925,923
2018	$173,257,551	$167,280,738	$202,136,374	$5,976,813

NORTHWEST IOWA HOSPITAL CORPORATION