Vinton, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
Our purpose is to provide quality health care services by using innovative, growth-oriented techniques and maintaining a sound financial base.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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