WHEATON FRANCISCAN HEALTHCARE-IOWA… - Form 990 Financial Data

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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

1982

Legal Domicile

Principal Officer

RYAN MEYER

Phone

3192728000

Tax Period

2023-07-01 to 2024-06-30

WHEATON FRANCISCAN HEALTHCARE-IOWA INC, founded in 1982, is a mid-sized nonprofit in the Health Care sector that reported $50.0M in total revenue in fiscal year 2023.

Mission

WE, WHEATON FRANCISCAN HEALTHCARE-IOWA AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. WHEATON FRANCISCAN HEALTHCARE-IOWA IS A MEMBER OF TRINITY HEALTH.

Program Service Accomplishments

Program 1

Expenses: $35,730,195 Revenue: $49,968,935

THE PURPOSE OF WHEATON FRANCISCAN HEALTHCARE-IOWA (WHEATON FRANCISCAN) IS TO GOVERN, MANAGE, AND PROVIDE SUPPORT TO ITS SUBSIDIARIES, WHICH INCLUDE HOSPITAL ORGANIZATIONS EXEMPT UNDER SECTION...

THE PURPOSE OF WHEATON FRANCISCAN HEALTHCARE-IOWA (WHEATON FRANCISCAN) IS TO GOVERN, MANAGE, AND PROVIDE SUPPORT TO ITS SUBSIDIARIES, WHICH INCLUDE HOSPITAL ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(3) THAT PROVIDE NEEDED HEALTH CARE SERVICES TO THE COMMUNITIES IN WHICH THEY ARE LOCATED. THE SUPPORT PROVIDED BY WHEATON FRANCISCAN ALLOWS FOR ECONOMIES OF SCALE THAT IN TURN HELP THE SUBSIDIARIES TO ACHIEVE THEIR EXEMPT PURPOSES.

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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 $0

Program Service Revenue $49,968,935

Investment Income $0

Other Revenue $0

TOTAL REVENUE $49,968,935

Expense Breakdown

Grants Paid $16,168

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,730,195

Other Expenses $49,952,767

TOTAL EXPENSES $49,968,935

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,968,935	$48,549,239	+0.0%
Expenses	$49,968,935	$48,549,239	+0.0%
Net Income	$0	$0	N/A

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

N/A

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

$876,743

Total Directors

$2,056,450

Key Employees

$550,680

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK DUSENBERY	FORMER OFFICER	0.00		$0	$974,659	$1,738,750
MICHAEL WEGNER	DIR 8-12/23; PRES MERCY IA THR 12/23	0.50	Director	$0	$65,930	$1,084,868
MATTHEW SOJKA MD	VP, MEDICAL AFFAIRS	1.00	Key Emp	$0	$48,997	$550,680
RACHELLE MAKINDE MD	DIRECTOR; PHYSICIAN	0.50	Director	$0	$49,506	$513,745
BRIAN BURNETT MD	DIRECTOR; PHYSICIAN	0.50	Director	$0	$63,806	$457,837
RYAN MEYER	COO	1.00	Officer	$0	$70,530	$425,787
TIMOTHY HUBER	ASSISTANT TREASURER; VP OF FINANCE	0.50	Officer	$0	$64,341	$376,966
NANCY SCHAEFER	ASSISTANT SECRETARY; EXEC ASSISTANT	0.50	Officer	$0	$5,616	$73,990
DAVID DEAVER	DIRECTOR; CHAIR	0.50	Officer Director	$0	$0	$0
SANDRA BENAK	DIRECTOR	0.50	Director	$0	$0	$0
TIMOTHY BOETTGER	DIRECTOR	0.50	Director	$0	$0	$0
ALAN KRUGER	DIRECTOR	0.50	Director	$0	$0	$0
CAROL TOUSLEY	DIRECTOR	0.50	Director	$0	$0	$0

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
2025	No data	No data	No data	No data
2024	$49,968,935	$49,968,935	$34,446,230	No data
2023	$48,549,239	$48,549,239	$25,980,566	No data
2022	$51,937,487	$51,937,487	$26,721,479	No data
2021	$50,265,958	$50,265,958	$26,954,347	No data
2020	$52,402,111	$52,402,111	$26,810,829	No data
2019	$55,978,900	$55,978,900	$27,784,386	No data
2018	$59,591,015	$59,591,015	$34,589,925	No data

WHEATON FRANCISCAN HEALTHCARE-IOWA INC