Virginia Gay Hospital Inc

EIN: 421231996 501(c)(3) Health Care

Vinton, IA

Total Revenue
$44,846,888
Total Expenses
$39,723,145
Total Assets
$58,036,294
Net Assets
$53,565,033
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Financial Trends

Organization Details

Formation Year
1923
Legal Domicile
IA
Principal Officer
Tina Eden
Phone
3194726255
Tax Period
2024-07-01 to 2025-06-30

Virginia Gay Hospital Inc, founded in 1923, is a mid-sized nonprofit in the Health Care sector that reported $44.8M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $39.7M left a modest 11% surplus.

Mission

Our purpose is to provide quality health care services by using innovative, growth-oriented techniques and maintaining a sound financial base.

Program Service Accomplishments

Program 1
Expenses: $33,289,254 Revenue: $41,871,873

Virginia Gay Hospital is a 25-bed acute care hospital and a 40-bed long-term care facility located in Vinton, Iowa. The Hospital leads delivery of healthcare to its region through over 300 associates...

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Virginia Gay Hospital is a 25-bed acute care hospital and a 40-bed long-term care facility located in Vinton, Iowa. The Hospital leads delivery of healthcare to its region through over 300 associates (including 19 providers) who coordinate care to deliver patient care as an integrated unit. Virginia Gay Hospital and its affiliates also work seamlessly to meet the needs of the communities they serve. The Hospital provides care to patients and residents who meet certain criteria under its charity care policy without charge or at amounts less than established rates. Because the Hospital does not pursue collection of amounts determined to qualify as charity care, they are not reported as revenue. (Continued on Schedule O)The amounts of charges foregone for services provided under the Hospital's charity care policy were $102,809 for the year ended June 30, 2025. Total direct and indirect costs related to these charges foregone were approximately $52,000 at June 30, 2025, based on an average ratio of cost to gross charges.In addition, the Hospital provides services to other patients under certain government-reimbursed public aid programs. Such programs pay providers amounts which are less than established charges for the services provided to the recipients, and for some services the payments are less than the cost of rendering the services provided.The Hospital also commits significant time and resources to endeavors and critical services which meet otherwise unfulfilled community needs. Many of these activities are sponsored with the knowledge that they will not be self-supporting or financially viable.Virginia Gay Hospital also makes medical care accessible to the entire community it serves. The Hospital operates a full-time emergency room and provides emergency care regardless of ability to pay. The Hospital provides clinical services needed to operate the emergency room and provides on-site emergency medical care and medical transportation services, van service, and an onsite helipad.The Hospital had 41,719 outpatient visits and the rural health clinics had 36,591 visits.

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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 (2024)

Revenue Breakdown

Contributions & Grants $959,055
Program Service Revenue $41,871,873
Investment Income $1,997,960
Other Revenue $18,000
TOTAL REVENUE $44,846,888

Expense Breakdown

Grants Paid $14,000
Salaries & Benefits $22,878,461
Fundraising Expenses $122,081
Program Expenses $33,289,254
Other Expenses $16,830,684
TOTAL EXPENSES $39,723,145

Year-over-Year Comparison

2024 2023 Change
Revenue $44,846,888 $47,921,225 -0.1%
Expenses $39,723,145 $38,201,116 +0.0%
Net Income $5,123,743 $9,720,109 -0.5%
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
9
Independent Members
6
Employees
393
Volunteers
10

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
7
$625,621
Total Directors
11
$1,579,895
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Brian Meeker DO Director thru 7/2/2024 40.50
Director
$671,553 $24,743 $696,296
Dr Kyle Song DO Director 40.50
Director
$505,124 $40,102 $545,226
Dr Michelle Elgin DO Director 40.50
Director
$302,527 $35,846 $338,373
Tammy Madsen PA-C ER/Hospitalist 40.00
Highest
$294,315 $16,370 $310,685
Matthew Wilden PA-C ER/Hospitalist 40.00
Highest
$274,082 $35,210 $309,292
Michelle Burnes PA-C Family Medicine 40.00
Highest
$240,576 $21,980 $262,556
Barry Dietsch CFO 40.00
Officer
$246,901 $4,807 $251,708
Rita Taylor-Stewart PA-C Family Medicine 40.00
Highest
$225,103 $12,838 $237,941
Wes Lyons PA-C Emergency Room/Hospitalist 40.00
Highest
$210,703 $11,338 $222,041
Tina Eden CEO as of 4/2025 40.00
Officer
$195,503 $9,368 $204,871
Euan MacGregor CEO thru 10/2024 40.00
Officer
$146,800 $22,242 $169,042
Michele Schoonover Former CEO 0.00
$118,545 $8,167 $126,712
David Vermedahl Chair 0.50
Officer Director
$0 $0 $0
John Mossman Vice Chair 0.90
Officer Director
$0 $0 $0
Bud Maynard Treasurer 0.90
Officer Director
$0 $0 $0
Sara Stuefan Secretary 0.50
Officer Director
$0 $0 $0
John Yundt Director 0.50
Director
$0 $0 $0
Kyle Koeppen Director 0.50
Director
$0 $0 $0
Denise Wiley Director 0.50
Director
$0 $0 $0
Marie Therese Foth Director thru 10/2024 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 $44,846,888 $39,723,145 $58,036,294 $5,123,743
2024 $47,921,225 $38,201,116 $52,314,320 $9,720,109
2023 $36,411,148 $36,249,755 $40,195,873 $161,393
2022 $35,333,852 $34,205,704 $40,884,116 $1,128,148
2021 $38,895,674 $31,407,221 $40,007,620 $7,488,453
2020 $30,173,040 $29,972,140 $38,630,582 $200,900
2019 $28,891,057 $28,085,814 $30,036,291 $805,243
2018 $29,750,733 $28,449,952 $30,169,069 $1,300,781
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